Shougang Concord Century Holding Ltd. (HK:0103)
:0103
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Shougang Concord Century Holding Ltd.
(0103)
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Rating:51Neutral
Price Target:
HK$2.50
▼(-19.87% Downside)
Action:Reiterated
Date:05/08/26
The score is held back primarily by weak technicals (price below major moving averages with negative MACD) and deteriorating cash flow/free cash flow, despite a relatively stable balance sheet and a moderate dividend yield. Thin profitability and a relatively high P/E limit the valuation contribution.
Positive Factors
Manageable leverage and stable balance sheet
Moderate debt-to-equity (~0.37 in 2025) and equity accumulation provide financial flexibility through steel-sector cycles. This durable balance-sheet positioning supports capital spending, working-capital needs and dividend continuity, reducing insolvency risk during multi-month downturns.
Negative Factors
Weak operating cash flow and collapsing FCF
A sharp fall in free cash flow (to ~16M, -77% YoY) and weaker operating cash flow materially reduces financial flexibility. Over multiple months this limits reinvestment, debt paydown and dividend sustainability, and increases vulnerability to input-cost shocks or capex needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage and stable balance sheet
Moderate debt-to-equity (~0.37 in 2025) and equity accumulation provide financial flexibility through steel-sector cycles. This durable balance-sheet positioning supports capital spending, working-capital needs and dividend continuity, reducing insolvency risk during multi-month downturns.
Read all positive factors
Shougang Concord Century Holding Ltd. (0103) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.20B
Dividend Yield2.77%
Average Volume (3M)4.70M
Price to Earnings (P/E)28.7
Beta (1Y)0.43
Revenue Growth1.14%
EPS Growth28.45%
CountryHK
Employees2,498
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.11
Shares Outstanding535,027,950
10 Day Avg. Volume3,338,000
30 Day Avg. Volume4,696,739
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)0.80
Price to Sales (P/S)0.64
P/FCF Ratio98.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$4.00Price Target Upside28.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shougang Concord Century Holding Ltd. Business Overview & Revenue Model
Company Description
Shougang Century Holdings Limited, an investment holding company, manufactures and sells steel cords for use in radial tyres in the People's Republic of China. It also engages in the manufacture of sawing wires and hose wires under the Eastern bra...
How the Company Makes Money
The company primarily makes money by producing and selling steel cord and other steel wire-based products. Revenue is generated from: (1) sales of steel cord to tyre manufacturers, where steel cord is used as reinforcement material in tyres; and (...
Shougang Concord Century Holding Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.42B | 2.40B | 2.49B | 2.46B | 2.69B |
| Gross Profit | 371.60M | 325.57M | 374.17M | 330.54M | 414.55M |
| EBITDA | 104.23M | 133.10M | 186.70M | 189.18M | 220.37M |
| Net Income | 54.24M | 31.65M | 62.51M | 47.86M | 80.88M |
Balance Sheet | |||||
| Total Assets | 3.79B | 3.46B | 3.31B | 3.33B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 604.32M | 374.21M | 77.64M | 145.81M | 73.49M |
| Total Debt | 709.12M | 587.87M | 487.98M | 588.36M | 690.65M |
| Total Liabilities | 1.85B | 1.68B | 1.62B | 1.67B | 2.24B |
| Stockholders Equity | 1.94B | 1.79B | 1.69B | 1.66B | 1.73B |
Cash Flow | |||||
| Free Cash Flow | 15.87M | 109.20M | -4.94M | 46.86M | 132.54M |
| Operating Cash Flow | 114.93M | 162.00M | 147.48M | 179.37M | 275.59M |
| Investing Cash Flow | -87.45M | -52.02M | -85.78M | -25.53M | -243.91M |
| Financing Cash Flow | 158.46M | 193.12M | -126.96M | -72.20M | -53.83M |
Shougang Concord Century Holding Ltd. Technical Analysis
Negative
3.12
Price Trends
2.37
Negative
2.70
Negative
3.08
Negative
Market Momentum
-0.07
Positive
38.61
Neutral
49.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0103, the sentiment is Negative. The current price of 3.12 is above the 20-day moving average (MA) of 2.42, above the 50-day MA of 2.37, and above the 200-day MA of 3.08, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 38.61 is Neutral, neither overbought nor oversold. The STOCH value of 49.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0103.
Shougang Concord Century Holding Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | HK$635.32M | 5.45 | 6.04% | 5.81% | 1.35% | -20.70% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | HK$293.23M | 0.90 | 16.63% | ― | -20.11% | 15.44% | |
51 Neutral | HK$1.20B | 28.73 | 1.06% | 2.77% | 1.14% | 28.45% | |
51 Neutral | HK$1.32B | -155.98 | -55.31% | ― | -37.53% | -2640.00% | |
51 Neutral | HK$159.68M | -38.58 | -3.20% | ― | 2.86% | 99.00% | |
48 Neutral | HK$7.31B | 24.73 | 10.15% | 1.06% | 2.96% | -5.13% |
* Basic Materials Sector Average
HK:0103
Shougang Concord Century Holding Ltd.
2.22
0.16
7.98%
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-0.99%
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Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
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China Hanking Holdings Ltd.
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169.23%
Shougang Concord Century Holding Ltd. Corporate Events
Shougang Century Declares Final Dividend for 2025 Financial Year
Mar 31, 2026
Shougang Century Holdings Limited has declared a final ordinary cash dividend of HK$0.078 per share for the financial year ended 31 December 2025, with shareholder approval scheduled for 30 June 2026. The stock will trade ex-dividend on 16 July 20...
Shougang Century boosts earnings on improved margins in 2025
Mar 31, 2026
Shougang Century Holdings Limited reported audited consolidated results for the year ended 31 December 2025, showing revenue of HK$2.42 billion, broadly flat against 2024, while gross profit rose to HK$371.6 million from HK$325.6 million. The impr...
Shougang Century Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 19, 2026
Shougang Century Holdings Limited has scheduled a board meeting for 31 March 2026 in Hong Kong to review and approve the final results of the company and its subsidiaries for the financial year ended 31 December 2025. At the same meeting, the boar...
Shougang Century clarifies board composition and committee roles
Mar 13, 2026
Shougang Century Holdings Limited has announced the current composition of its board of directors, detailing the roles of its executive, non-executive and independent non-executive members, including the chairman, vice chairman and managing direct...
Shougang Century Announces Resignation of Independent Non-Executive Director
Mar 13, 2026
Shougang Century Holdings Limited announced that independent non-executive director Ms. Ho Shuk Ying, Sabrina will resign from the board and step down from the audit, nomination and remuneration committees with effect from 16 March 2026 so she can...
Shougang Century Flags At Least 50% Profit Jump for 2025
Mar 2, 2026
Shougang Century Holdings has issued a positive profit alert, advising shareholders that based on preliminary unaudited figures it expects profit after tax for 2025 to rise by at least 50% from HK$31.65 million recorded in 2024. The improvement is...
Shougang Century Further Delays Circular on New Finance Services Agreement
Feb 27, 2026
Shougang Century Holdings Limited has announced a further delay in sending a shareholder circular related to continuing connected transactions under a New Finance Services Agreement. The circular, which will include details of the agreement, indep...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.