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$2.00
▼(-35.90% 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
Established supplier to tire industry
As a dedicated manufacturer of steel cord for tire reinforcement, the company occupies a specialized niche in the automotive supply chain. This creates steady structural demand from tire makers, supports recurring order flows, and anchors revenue to long-term tire production cycles rather than one-off markets.
Negative Factors
Weak cash generation
Sharply reduced free cash flow and lower operating cash flow materially limit internal funding for capex, dividends, and debt reduction. Persistent weak cash conversion increases reliance on external financing and constrains ability to invest in productivity or weather prolonged downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Established supplier to tire industry
As a dedicated manufacturer of steel cord for tire reinforcement, the company occupies a specialized niche in the automotive supply chain. This creates steady structural demand from tire makers, supports recurring order flows, and anchors revenue to long-term tire production cycles rather than one-off markets.
Read all positive factors
Shougang Concord Century Holding Ltd. (0103) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.01B
Dividend Yield2.77%
Average Volume (3M)4.70M
Price to Earnings (P/E)17.8
Beta (1Y)0.45
Revenue Growth1.14%
EPS Growth28.45%
CountryHK
Employees2,729
SectorBasic Materials
Sector Strength58
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.11
Shares Outstanding519,152,950
10 Day Avg. Volume3,338,000
30 Day Avg. Volume4,696,739
Financial Highlights & Ratios
PEG Ratio0.67
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, engages in the manufacture and sale of steel cords for radial tyres in the People's Republic of China. The company also manufactures and sells sawing and hose wires under the Easter...
How the Company Makes Money
The company primarily makes money by manufacturing and selling steel cord and related wire products to customers that produce tires and other rubber products. Revenue is generated through (i) sales of steel cord (a key reinforcement material used ...
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 | 129.09M | 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
2.26
Negative
2.42
Negative
2.98
Negative
Market Momentum
-0.07
Negative
35.05
Neutral
58.77
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 2.06, above the 50-day MA of 2.26, and above the 200-day MA of 2.98, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 35.05 is Neutral, neither overbought nor oversold. The STOCH value of 58.77 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | HK$10.06B | 21.79 | 5.45% | 1.90% | -2.31% | 12.27% | |
53 Neutral | HK$238.63M | 0.84 | 16.71% | ― | -20.11% | 15.44% | |
51 Neutral | HK$1.01B | 17.80 | 1.06% | 2.77% | 1.14% | 28.45% | |
47 Neutral | HK$20.61B | -889.66 | -0.09% | ― | -4.43% | 99.48% | |
44 Neutral | HK$12.62B | -3.73 | -18.53% | ― | -13.27% | 4.42% | |
43 Neutral | HK$19.10B | -3.56 | -11.13% | ― | -7.68% | 15.78% |
* Basic Materials Sector Average
HK:0103
Shougang Concord Century Holding Ltd.
1.94
-0.36
-15.58%
HK:0347
Angang Steel Co
1.13
-0.50
-30.67%
HK:0323
Maanshan Iron & Steel Co
1.65
-0.34
-17.09%
HK:0826
Tiangong International Co. Ltd.
3.69
1.77
92.39%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.91
-0.01
-1.09%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.24
0.02
7.27%
Shougang Concord Century Holding Ltd. Corporate Events
Shougang Century Details SHINEWING Re-Appointment and 2026 Audit Fee
Jun 2, 2026
Shougang Century Holdings Limited has issued a supplemental announcement to its annual meeting circular, detailing arrangements for the re-appointment of SHINEWING (HK) CPA Limited as its auditor. SHINEWING will retire at the upcoming AGM on 30 Ju...
Shougang Century Calls June 2026 GM to Approve New Finance Services Agreement
May 29, 2026
Shougang Century Holdings Limited has called a general meeting for 30 June 2026 in Hong Kong, immediately following its annual general meeting, to seek shareholder approval of a New Finance Services Agreement and related daily deposit caps. The me...
Shougang Century Sets 2026 AGM to Approve Results, Dividend and Share Issuance Mandate
May 29, 2026
Shougang Century Holdings Limited has called its annual general meeting for 30 June 2026 in Hong Kong, where shareholders will review and adopt the audited financial statements and directors’ and auditor’s reports for the year ended 31...
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...
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.