The company is a limited company founded by Hunan Valin Steel Group Co., Ltd., the predecessor of Hunan Iron and Steel Group Co., Ltd., and co-sponsored by the Changsha Institute of Mining and Metallurgy with the approval of the Hunan Provincial People's Government. It was listed on the Shenzhen Stock Exchange in August 1999. The company's main business is the production and sale of steel products. Main products: steel billets, seamless steel pipes, wire, rebar, hot-rolled ultra-thin strip coils, cold-rolled coils, galvanized sheets, small and medium-sized materials, hot-rolled medium plates and other ferrous metal products. Corporate honors: During the reporting period, the company obtained a total of 76 technical patents, including 37 invention patents, 39 practical patents, took the lead in formulating and participating in the revision of industry standards, and replaced imports with 47 key products. It won several national and provincial science and technology awards, the “Jinbei Premium Product”, the annual metallurgical science and technology progress award, marine engineering structural steel won the honorary title of national champion product in the raw materials industry of Hunan Province, and Valin Henggang won the honorary title of “Three Products” benchmark enterprise in the raw materials industry in Hunan Province.