Founded in 1957, Hangzhou Iron and Steel Group Co., Ltd. has now developed into a large-scale modern enterprise group with a "2+2" industrial structure with energy conservation, environmental protection, and digital technology as strategic emerging industries, environmental protection, and digital technology as strategic emerging industries. The registered capital of the company is 5 billion yuan, and the shareholders are Zhejiang Provincial People's Government State-owned Assets Supervision and Administration Commission holding 90% of the shares and Zhejiang Financial Development Co., Ltd. holding 10% of the shares. It owns 35 first-level holding companies, including 2 holding listed companies, namely Hangzhou Iron and Steel Co., Ltd. (600126) and Feida Environmental Protection (600526). In 2022, the revenue will be 248.485 billion yuan and the profit will be 2.418 billion yuan; the asset scale at the end of the year will be 85.409 billion yuan, with 11,771 employees, ranking 336th in the world's top 500 in 2022, 99th in China's top 500, and a Chinese manufacturing enterprise No. 38 in the top 500.

At the end of 2015, Hanggang responded to the central supply-side structural reform call, resolutely implemented the major decisions and deployments of the provincial party committee and the provincial government, and with the determination and courage of a strong man, shut down the 4 million tons of production capacity of the Banshan Iron and Steel Base in an all-round and safe manner, and smoothly diverted and resettled 12,000 people , becoming a model for reducing overcapacity across the country. Since 2016, the development strategy of "four-wheel drive, innovation highland" has been proposed and implemented, focusing on the combination of transformation and upgrading, unswervingly promoting industrial adjustment, resource integration, system reform, management and control reconstruction, system optimization, and promoting enterprise transformation and development Steady and long-term development has achieved production capacity reduction, structural optimization, smooth transformation, and doubled benefits. During the "Thirteenth Five-Year Plan" period, Hangzhou Iron and Steel Group achieved a cumulative profit of 11.521 billion yuan, five times that of the "Twelfth Five-Year Plan".

Hanggang Group adheres to the enterprise spirit of "being a man with the will of steel, building a business, and serving the country", and strives to create wealth, contribute to the society, benefit employees, create a beautiful environment for the society, provide customers with a better life, and let employees enjoy a happy life. During the "14th Five-Year Plan" period, Hangzhou Iron and Steel Group will continue to hold high the great banner of Xi Jinping's new era of socialism with Chinese characteristics, fully implement the new development concept, and Taking "Three No. 1 Projects" as the traction.In-depth implementation of the "four-wheel drive, innovation highland" development strategy, deepen the construction of "six Hangzhou Iron and Steel", and vigorously deploy energy conservation and environmental protection, digital technology and two strategic emerging industries,  focus on promoting the high-end transformation of intelligent steel manufacturing, optimize the modern circulation strategic advantage industry, and strive to build Hangzhou Iron and Steel into a It is a modern green and intelligent large-scale enterprise group integrating the main platform for investment and operation of the provincial environmental protection industry, an important highland for the development of the digital economy in the province, and a leading domestic advanced manufacturing base. It has set a model for the high-quality transformation and development of state-owned enterprises. By 2027, on the basis of realizing the goals of the "14th Five-Year Plan", strive to further realize the "2346" development goals, that is, to expand the business in two new fields of new energy and new materials, to operate three listed platforms well, and to achieve an operating income of 400 billion yuan, with a total profit of 6 billion yuan, making new and greater contributions in faithfully implementing the "eight-eight strategy", striving to create an "important window", and helping to promote the "two advances".