TM
General Steel Holdings, Inc.
Profile
Corporate Information
Ticker GSI | Primary Stock Exchange New York Stock Exchange
Address:
Yi No 12 Chaoyangmenwai Ave Chaoyang District
Beijing
Phone: 86 10 5775 7691
Fax: 86 10 5775 7665
Web Site:
http://www.gshi-steel.com
Auditors:
Friedman LLP
I.R. Contact:
Brandi Floberg
Employees: 9,050
Shareholders: 322
Founded: 2002
Domicile: Nevada
Officers:
Zuosheng Yu Chairman & Chief Executive Officer
John Chen Secretary & Chief Financial Officer
Yanqi Liu Chief Operating Officer
Brandi Floberg Investor Relations Contact
Directors:
John Chen
Angela He
James Hu
Zuosheng Yu
Zhongkui ZhongKui
Subsidiaries:
Baotou Steel - General Steel Special Steel Pipe Joint
Venture Co., Ltd.
General Steel (China) Co., Ltd.
General Steel Investment Co., Ltd.
Maoming Hengda Steel Group Co., Ltd.
Shaanxi Longmen Iron and Steel Co. Ltd.
Tianjin Qiu Steel Investment Co., Ltd.
Tianwu General Steel Material Trading Co., Ltd.
Yangpu Shengtong Investment Co., Ltd.
Overview: This holding company operates a portfolio of steel companies serving various industries in the
People's Republic of China.
Incorporated: INCORPORATED in Nevada Aug. 5, 2002, as American Construction Co.; name changed to General
Steel Holdings, Inc. Mar. 7, 2005. October 14, 2004, the company, through its wholly owned subsidiary, Northwest
Steel Co., acquired General Steel Investment Co., Ltd. and its 70% ownership in Tianjin Da Qiu Zuang Sheet Metal
Co., Ltd. in a merger transaction in exchange for shares of the company's Common stock. In the merger, shares
of General Steel Investment were exchanged for 22,040,00 newly issued shares of the company and 7,960,000
shares from certain stockholders of the company. Northwest Steel was merged into the company, and General
Steel Investment became a wholly owned subsidiary of the company.
Background: General Steel Holdings, Inc., through its subsidiaries, manufactures and sells steel products in the
People's Republic of China. It offers hot-rolled carbon and silicon steel sheets for use in light agricultural
vehicles under the Qiu Steel name; double spiral-weld pipes for use in the energy sector to transport oil and
steam under the Baogang Tongyong name; and reinforced bars and high-speed wires for infrastructure and
construction applications under the Yu Long and Heng Da names. The company is headquartered in Beijing,
China.
Stock Data (Capitalization as of: December 31, 2013)
Stock: Preferred $0.001 par | Authorized Shares 50,000,000 | Outstanding Shares 13,092,899
Stock: Common $0.001 par | Authorized Shares 200,000,000 | Outstanding Shares 255,762,382
Footnote: 1. Closely held. Consists of Series A Preferred.2. Excl. 2,472,306 in treas.
Long Term Debt $394,663,000.
Stockholders (as of March 17, 2014): 322
Principal Stockholder:
Transfer Agent: Pacific Stock Transfer Co., Las Vegas, NV
Additional Notes:
Dividends
Common Stock
Exchange
New York Stock Exchange
American Stock Exchange
OTC Bulletin Board
Year
2014
2013
2012
2011
2010
2009
1
2008
2007
2006
2005
High
1.5800
1.3900
1.4000
3.0300
5.1300
7.6100
16.6800
19.2000
2.3300
1.9900
Low
0.5600
0.8000
0.5600
0.9600
2.2100
1.8400
2.1000
1.1200
0.9000
0.8800
Footnote:
1 Listed Aug. 8; traded NYSE Arca from Mar 6; listed AMEX prior thereto.
This information should not be used for determining a company’s manual exemption status. Only the listing from Corporation Records should be used for that purpose. This report is for informational purposes and should not be
considered a solicitation to buy or sell any security nor is this report considered investment advice. Neither S&P Capital IQ nor any other party guarantees its accuracy or makes warranties regarding results from its usage. S&P
Capital IQ receives compensation from the issuer or an agent thereof for initiating coverage, and for distribution including licensed redistribution of this report, and/or for inclusion in other S&P Capital IQ publications, generally in
amounts up to U.S. $3,995. per year. Redistribution is prohibited without written permission.
Page 1
TM
| January 15, 2015
General Steel Holdings, Inc. | Ticker GSI | Primary Exchange New York Stock Exchange
Annual Report
IncomeStatement as of Dec. 31 (Thou. US DOLLAR)
2013
2012
REVENUES
Sales
2,016,548 1,966,391
Sales-related Parties
447,199 897,202
Total Revenues
2,463,747 2,863,593
EXPENSES
(2,062,570)
(1,930,793)
Cost of Goods Sold
Cost of Goods Sold-related Parties
(457,115) (900,681)
Selling, General and Administrative Expenses
(84,226) (105,077)
Change in fair value of profit sharing liab.
174,569 (22,499)
Interest Income
11,214
15,059
Income from Equity Investment
203
217
Currency Translation Gain(Loss)
1,394
(1,248)
Other Non-operating Income/expense, Net
1,043
1,783
Finance Interest Expense
(91,878) (153,743))
Change in Fair Value of Derivative Liabilities
1
9
Gain on deconsolidation of a subsidiary
1,011
Government Grants
4,216
2,253
Payment for public highway construction
(6,462)
Lease Income
2,158
2,119
Gain/loss on Disposal of Equipment
424
(2,134)
Earnings before Taxes
(42,271) (231,142)
TAXES AND OTHER EXPENSES
Provision for Income Tax
(354)
(627)
Provision for Income Tax
(169)
Minority Interest (After Tax)
9,609
79,241
Net Income (Loss)
(33,016) (152,697)
SUPPLEMENTARY INFO
Gross Profit/loss
(55,938)
32,119
Operating Income (Loss)
34,405 (95,457)
Basic EPS - Continuing Operations
(0.60)
(2.78)
Diluted EPS - Continuing Operations
(0.60)
(2.78)
BalanceSheet as of Dec. 31 (Thou. US DOLLAR)
ASSETS:
CURRENT ASSETS
Cash
Short-term Investments
Accounts Receivables
Accounts Receivable, Related Parties
Other Receivables
Other Receivables-related Party
Notes Receivable
Loan Receivable Related Parties
Note Receivable, Restricted
Inventories
Prepaid Taxes
Prepaid Expenses and Other
Restricted Cash
Advances on Inventory Purchases
Advances on Inventory Purchases-related Parties
Total Current Assets
NON CURRENT ASSETS
Plant and Equipment, Net
Investment in Unconsolidated Entities
Long-term Other Receivables
Intangible Assets, Net of Accumulated
Amortization
Long-term Deferred Expenses
Advance on Equipment Purchases
Total Assets
LIABILITIES:
CURRENT LIABILITIES
Accounts Payable
Accounts Payable-related Parties
Taxes Payable
Short-term Notes Payables
Short-term Loan-bank
Short-term Loans-related Parties
Short-term Loans-other
Current Maturities Oflong-term Loans:: Related
Party
Customer Deposits
Customer Deposits:: Related Parties
Deferred Lease Income, Current
Other Payables and Accrued Liabilities
Others Payables: Related Parties
Deposits Due to Sales Representatives
Deposit Due to Sales Representatives Related
Parties
Capital lease obligations, current
Total Current Liabilities
NON CURRENT LIABILITIES
Long-term Loan-related Party
Capital Lease Obligations
Profit Sharing Liability
Deferred Lease Income, Noncurrent
Minority Interest
Preferred Stock Non Redeemable
Long-term Other Payable - Related Party
SHAREHOLDERS' EQUITY
Common Stock - Par Value
Additional Paid in Capital
Treasury Stock - Common
Retained Earnings (Deficit)
Statutory Reserves
Accumulated Other Comprehensive Income (Loss)
Total Shareholders Equity
Total Liabilities & Shareholders Equity
This listing from S&P Capital IQ Market Access Program including Corporate Records should not be used for determining a company's manual exemption
status. Only the listing from Corporation Records should be used for that purpose. Redistribution is prohibited without written permission.
2013
2012
31,967
46,467
2,783
2,619
4,078
6,695
2,942
14,966
54,716
8,407
54,106
68,382
60,054 145,502
4,540
69,319
395,589 357,900
212,921 212,671
28,407
24,116
1,388
450
399,333 323,420
44,897
79,715
83,003
46,416
1,380,724 1,407,045
1,271,907 1,167,836
16,943
1,166
43,008
23,707
24,066
668
1,062
6,409
6,499
2,700,358 2,650,682
434,979
235,692
4,628
1,017,830
301,917
126,693
62,067
53,013
352,052
177,432
16,674
983,813
147,124
79,557
147,323
54,885
87,860
64,881
2,187
45,653
94,079
24,343
1,997
125,890
21,998
2,120
54,589
73,025
33,870
1,238
4,321
2,562,140 2,271,590
19,644
38,088
375,019 330,099
162,295 328,827
75,257
75,079
(188,911) (172,063)
3
3
43,008
58
57
106,878 105,714
(4,199)
(4,199)
(414,798) (381,782)
6,243
6,076
729
10,185
(305,086) (263,946)
2,700,358 2,650,682
Page 2

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