Shougang Concord Century Holding Ltd. (0103) AI Stock Analysis

• Market Cap: €1.63B
• Dividend Yield: 2.85%
• Average Volume (3M): 4.05M
• Price to Earnings (P/E): 40.6
• Beta (1Y): 0.16
• Revenue Growth: -3.91%
• EPS Growth: -46.06%
• Country: HK
• Employees: 2,498
• Sector: Basic Materials
• Sector Strength: 65
• Industry: Steel
• EPS (TTM): >-0.01
• Shares Outstanding: 2,675,139,600
• 10 Day Avg. Volume: 3,603,905
• 30 Day Avg. Volume: 4,048,768
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €0.54
• Price Target Upside: -9.47% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 67 Neutral
• Price Target: HK$0.50 ▼(-16.67% Downside)

The company's solid technical performance and stable capital structure are positive factors. However, the high P/E ratio and lack of cash flow visibility are concerning, keeping the overall score moderate. Improvement in operational efficiencies could enhance financial health and stock attractiveness.

Shougang Concord Century Holding Ltd. Business Overview & Revenue Model

Company Description

Shougang Concord Century Holdings Ltd. (0103), a Hong Kong-based company, operates primarily in the steel industry. It focuses on the manufacturing and sale of steel cords, a critical component used in radial tires, and sawing wires, which are used in the production of solar energy products. The company is an integral part of the supply chain for tire manufacturers and solar product companies, leveraging its industry expertise to maintain a strong presence in these sectors.

How the Company Makes Money

Shougang Concord Century Holdings Ltd. generates revenue primarily through the sale of its steel cord and sawing wire products. The company manufactures these products and sells them to tire manufacturers and companies involved in the solar industry. Revenue streams are largely dependent on the demand from these industries, which can be influenced by factors such as automotive market trends and the growth of solar energy solutions. Additionally, strategic partnerships and relationships with key clients enhance its market reach and contribute to its earnings. The company's ability to maintain high production standards and efficient manufacturing processes also plays a crucial role in its profitability.

Shougang Concord Century Holding Ltd. Financial Statement Overview

Summary

Moderate financial health with stable equity levels and manageable debt. However, profitability ratios are low, and cash flow visibility is a concern. Improvement in operational efficiencies and cash generation is needed.

Income Statement

The company has experienced fluctuating revenue growth, with a decline in the most recent year. Gross profit margin stands at approximately 13.6%, and net profit margin has decreased to 1.3% from the previous year's 2.5%. EBIT margin is relatively low at 1.3%, indicating potential challenges in operational efficiencies. EBITDA margin is at 5.6%, reflecting moderate profitability from core operations.

Balance Sheet

The company's debt-to-equity ratio is approximately 0.33, indicating a relatively low level of leverage. Return on equity stands at 1.8%, which is lower than the industry average, reflecting limited profitability on shareholders' investments. The equity ratio is around 51.6%, suggesting a solid capital structure with a healthy proportion of equity.

Cash Flow

The absence of operating cash flow and free cash flow in the latest report is concerning, as it limits visibility into cash generation capabilities. Historically, free cash flow has been volatile, with significant swings over the years. The company needs to improve cash flow stability to support financial health.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.40B	2.49B	2.46B	2.69B	2.04B
Gross Profit	325.57M	374.17M	330.54M	414.55M	394.32M
EBITDA	133.10M	186.70M	194.00M	217.85M	260.02M
Net Income	31.65M	62.51M	47.86M	80.88M	148.25M
Balance Sheet
Total Assets	3.46B	3.31B	3.33B	3.97B	3.37B
Cash, Cash Equivalents and Short-Term Investments	374.21M	77.64M	145.81M	73.49M	93.26M
Total Debt	587.87M	487.98M	588.36M	690.65M	492.86M
Total Liabilities	1.68B	1.62B	1.67B	2.24B	1.73B
Stockholders Equity	1.79B	1.69B	1.66B	1.73B	1.65B
Cash Flow
Free Cash Flow	109.20M	-4.94M	46.86M	132.54M	319.17M
Operating Cash Flow	162.00M	147.48M	179.37M	275.59M	494.95M
Investing Cash Flow	-52.02M	-85.78M	-25.53M	-243.91M	-194.34M
Financing Cash Flow	193.12M	-126.96M	-72.20M	-53.83M	-260.46M

Shougang Concord Century Holding Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0103, the sentiment is Positive. The current price of 0.6 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.54, and above the 200-day MA of 0.44, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 60.87 is Neutral, neither overbought nor oversold. The STOCH value of 84.44 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0103.

Shougang Concord Century Holding Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0103	67 Neutral	€1.63B	40.65	1.79%	2.85%	-3.91%	-46.06%
Sector *	61 Neutral	$10.31B	6.18	0.76%	2.94%	3.30%	-36.34%
8NW	―	€101.63M	90.00	-0.96%	―	―	―
GUJB	―	€89.23M	5.00	5.38%	―	―	―
CV8S	―	€21.37M	50.00	-3.22%	―	―	―
1938	74 Outperform	HK$409.51M	1.78	18.42%	―	8.99%	11.60%
3788	65 Neutral	HK$5.43B	27.07	11.79%	1.49%	-6.73%	-21.30%

Shougang Concord Century Holding Ltd. Corporate Events

Shougang Century Holdings Strengthens Audit Committee Governance

Shougang Century Holdings Limited has outlined the terms of reference for its Audit Committee, which is responsible for overseeing financial reporting, risk management, and internal control principles within the company and its subsidiaries. The committee is composed of at least three non-executive directors, with a majority being independent, and it maintains a relationship with the company’s auditors. The establishment of these terms aims to ensure robust governance and transparency in the company’s financial operations, potentially strengthening stakeholder confidence.

Shougang Century Holdings Strengthens Governance with Nomination Committee

Shougang Century Holdings Limited has outlined the terms of reference for its Nomination Committee, which was established to ensure fair and transparent nominations by the board of directors. The committee is composed mainly of independent non-executive directors and is responsible for making recommendations regarding board nominations. The announcement highlights the committee’s structure, meeting protocols, and its authority, emphasizing its role in maintaining governance standards.

Shougang Century Forms Remuneration Committee for Transparent Governance

Shougang Century Holdings Limited has established a Remuneration Committee to ensure transparent and formal procedures for setting executive Directors’ remuneration policies and packages. The committee, primarily composed of independent non-executive directors, will meet at least once a year to align remuneration with current trends and business needs, potentially impacting the company’s governance and stakeholder relations.

Shougang Century Holdings Initiates HK$100 Million Share Buy-back Program

Shougang Century Holdings Limited, a company incorporated in Hong Kong, has announced a voluntary share buy-back program. The company plans to repurchase up to HK$100 million worth of its shares from the open market over a two-year period. This decision reflects the company’s belief that its current share price is undervalued and demonstrates confidence in its long-term growth prospects. The buy-back is expected to enhance shareholder value and is supported by the company’s strong financial position. However, the execution of this program will depend on market conditions and the discretion of the board.

Shougang Concord Century Holdings Announces Rights Issue Results

Shougang Concord Century Holdings Limited announced the results of its Rights Issue, which became unconditional on June 18, 2025. The Rights Issue was under-subscribed, with 92.22% of the offered shares being accepted, leading to a total of HK$146 million in net proceeds. The company plans to use these funds according to the previously outlined purposes, despite the under-subscription. The board has decided to accept all valid applications for excess shares, ensuring no refunds are necessary.

Shougang Concord Century Holdings Secures Shareholder Approval for Key Resolutions at AGM

Shougang Concord Century Holdings Limited announced the successful passing of all proposed resolutions at its Annual General Meeting held on June 10, 2025. Key resolutions included the adoption of financial statements, re-election of directors, declaration of a final dividend, appointment of a new auditor, and granting of mandates for share issuance and buybacks. The results reflect strong shareholder support and are expected to positively impact the company’s governance and operational strategies.

Shougang Concord Century Announces HK$160 Million Rights Issue

Shougang Concord Century Holdings Ltd. has announced a proposed rights issue to raise approximately HK$160 million. This initiative aims to upgrade technology and optimize production processes, with funds allocated towards technology improvements and debt repayment. Jingxi Holdings and Mr. Zhao Yue have provided irrevocable undertakings to subscribe to their respective rights shares, ensuring substantial shareholder support for the initiative.

Shougang Concord Century Holdings Announces AGM and Share Issuance Plans

Shougang Concord Century Holdings Limited has announced its upcoming annual general meeting scheduled for June 10, 2025, in Hong Kong. The meeting will address ordinary business matters such as the adoption of financial statements, re-election of directors, declaration of a final dividend, and appointment of a new auditor. Additionally, a special resolution will be considered to authorize the directors to issue additional shares, which could impact the company’s capital structure and shareholder value.

Shougang Century Holdings Proposes Auditor Change to Enhance Governance

Shougang Century Holdings Limited, a company listed on the Hong Kong Stock Exchange, has announced a proposed change of auditor. The current auditor, PricewaterhouseCoopers, will retire at the conclusion of the upcoming annual general meeting, and SHINEWING (HK) CPA Limited is proposed to take over, subject to shareholder approval. This change aims to enhance the independence of the company’s audits and is considered beneficial for the company’s governance and stakeholders.