-DETDZ Special Steel Products Company

  1. Basics

  The time of establishment:1985

Address: 25 Harbin road, Dalian Economic and Technology Development Zone

Corporate type: wholly state-owned

The industry affiliated: special steel products

The scope of operation: flat steel wires for high-speed tool, double-metal compound belts,  saw blade, export of products and technology of the company’s own, import of machinery, parts, raw and accessorial materials and technologies for business operation;

Major products:

double-metal compound belts: annual output of about 500T, double-metal saw blades: annual output of 4,000,000 sets, double-metal machine saw blasé: 50,000,000set per year, double-metal reciprocating saw blade: 150,000,000set per year

staff: 112

Land area: 28,240 sq.m.  leased

2 Corporative representative: Qiliang Liu

3. Capitalization:

Registered capital: 10,000,000 (100% shareholder: Dongbei Special Steel Group Co., Ltd)

4.Current operaton:

In 2004, sales revenue from main operation: 32,974,432.91, profit: 236,002.28, net profit: 1,063,597.44

First half year in 2005, sales revenue: 20,525,111.86, profit: 4,252,398.67, net profit: 1,063,597.44

5. Business enterprise financial data:

By 2004, total assets: 62,311,776.28, total debts: 25,931,587.44, ownership interest: 36,380,188.84 including:

(1) floating assets: 31,480,641.52, (cash capital: 497,903.75, accounts receivable: 5,805,632.50, inventories:14,359,924.62, finished products: 6,084,465.21

(2) total fixed assets: 25,130,640.43 (original value: 48,312,387.37, current net value:  23,689,926.04, construction in process: 1,440,714.39

(3) long-term investment: 5,700,494.33

6. Current development:

With its own strong technical competitiveness, one-up management pattern and the advanced equipments introduced from Germany and Britain, the company has grown into the largest domestic producer and supplier of double-metal compound belts. In recent years, the company is engaged in the research and development of double-metal saw blade and in very short time succeeded in providing the high quality double-metal belts saw blade, machine saw blade, common saw blade, reciprocating saw blade, curve saw blade and so on. These products currently enjoy good home market and part of the products sold to Europe, America and Southeast Asian markets, where they also won much appreciation. The company is the domestic saw blade manufacturer who passed the ISO 9002 quality certification.

7. Stock ownership transfer

According to the actual condition of the company, no more than 40% of stock ownership will be transferred.

8. Contacts

a. Enterprise: Cheng fugang

Telephone:86-(0)411-86671552

Email:041186671552@sina.com  or  asset@dtsteel.com

Mailing address: 4 Gongxing Road, Ganjingzi District, Dalian

Zip code :116031

b. State-owned Assets Supervision and Administration Commission of Liaoning Province:

Qiong Wu, Renhe Zhao

Tel: +86 024 86903276

Fax: +86 024 86903276

Address: 45-22 Beiling Str., Huanggu District, Shenyang, P.R.China

Post code: 110032

E-mail: zcjyc@163.com

9. Declaration: all the data in this specification are shown in the account books in RMB. The net assets value of transferring stock ownership must be actual number after evaluation. This actual number will be the main basis of bottom price of market trade.