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

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HK:0103

Shougang Concord Century Holding Ltd.

(Frankfurt:0103)

Rating:67Neutral
Price Target:
HK$0.50
▼(-7.41%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. (0103) vs. iShares MSCI Hong Kong ETF (EWH)

Shougang Concord Century Holding Ltd. Business Overview & Revenue Model

Company DescriptionShougang 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 MoneyShougang 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
70
Positive
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
75
Positive
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
60
Neutral
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.40B2.49B2.46B2.69B2.04B
Gross Profit325.57M374.17M330.54M414.55M394.32M
EBITDA133.10M186.70M194.00M217.85M260.02M
Net Income31.65M62.51M47.86M80.88M148.25M
Balance Sheet
Total Assets3.46B3.31B3.33B3.97B3.37B
Cash, Cash Equivalents and Short-Term Investments374.21M77.64M145.81M73.49M93.26M
Total Debt587.87M487.98M588.36M690.65M492.86M
Total Liabilities1.68B1.62B1.67B2.24B1.73B
Stockholders Equity1.79B1.69B1.66B1.73B1.65B
Cash Flow
Free Cash Flow109.20M-4.94M46.86M132.54M319.17M
Operating Cash Flow162.00M147.48M179.37M275.59M494.95M
Investing Cash Flow-52.02M-85.78M-25.53M-243.91M-194.34M
Financing Cash Flow193.12M-126.96M-72.20M-53.83M-260.46M

Shougang Concord Century Holding Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.54
Price Trends
50DMA
0.48
Positive
100DMA
0.45
Positive
200DMA
0.42
Positive
Market Momentum
MACD
0.03
Positive
RSI
56.53
Neutral
STOCH
74.44
Neutral
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 0.54 is below the 20-day moving average (MA) of 0.55, above the 50-day MA of 0.48, and above the 200-day MA of 0.42, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 56.53 is Neutral, neither overbought nor oversold. The STOCH value of 74.44 is Neutral, 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

Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
HK$825.91M5.875.38%3.76%15.34%113.64%
72
Outperform
HK$303.34M1.3218.42%8.99%11.60%
67
Neutral
HK$1.44B34.841.79%2.85%-3.91%-46.06%
65
Neutral
HK$4.49B22.4112.77%1.75%-19.53%19.32%
59
Neutral
HK$16.65B4.27-5.31%4.61%-3.83%-62.19%
53
Neutral
HK$904.00M131.58-0.96%-41.26%-110.87%
50
Neutral
HK$184.42M32.50-3.22%-31.79%-308.33%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0103
Shougang Concord Century Holding Ltd.
0.54
0.30
127.85%
HK:3788
China Hanking Holdings Ltd.
2.39
1.59
198.75%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.30
0.13
76.47%
HK:1231
Newton Resources Ltd.
0.23
-0.08
-25.90%
HK:1203
GDH Guangnan (Holdings) Limited
0.88
0.32
56.58%
HK:0893
China Vanadium Titano-Magnetite Mining Co., Ltd.
0.08
0.03
57.69%

Shougang Concord Century Holding Ltd. Corporate Events

Shougang Century Holdings Strengthens Audit Committee Governance
Jul 11, 2025

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
Jul 11, 2025

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
Jul 11, 2025

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
Jun 25, 2025

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
Jun 24, 2025

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
Jun 10, 2025

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
May 13, 2025

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
May 12, 2025

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
May 9, 2025

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.

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.Date of analysis: Aug 01, 2025