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Angang Steel Co
(OTC:0347)
Angang Steel Co (0347) vs. iShares MSCI Hong Kong ETF (EWH)
Angang Steel Co Business Overview & Revenue Model
Angang Steel Co Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.84B | 105.10B | 113.50B | 131.07B | 136.67B | 100.90B |
| Gross Profit | -2.65B | -3.72B | -535.00M | 3.05B | 13.24B | 9.30B |
| EBITDA | -5.44B | -2.65B | -282.00M | 3.36B | 13.52B | 7.18B |
| Net Income | -6.02B | -7.12B | -3.26B | 156.00M | 6.96B | 1.98B |
Balance Sheet | ||||||
| Total Assets | 100.52B | 100.58B | 97.01B | 96.94B | 97.53B | 88.05B |
| Cash, Cash Equivalents and Short-Term Investments | 3.33B | 4.56B | 3.22B | 5.09B | 5.38B | 5.33B |
| Total Debt | 12.02B | 12.29B | 6.83B | 6.96B | 6.71B | 14.53B |
| Total Liabilities | 52.35B | 51.91B | 41.62B | 38.14B | 37.33B | 34.19B |
| Stockholders Equity | 47.16B | 47.68B | 54.76B | 58.14B | 59.67B | 53.37B |
Cash Flow | ||||||
| Free Cash Flow | -4.56B | -4.04B | -1.48B | 1.89B | 8.33B | 6.14B |
| Operating Cash Flow | -179.00M | -787.00M | 1.58B | 6.14B | 12.85B | 9.92B |
| Investing Cash Flow | -4.52B | -3.73B | -2.95B | -3.97B | -4.17B | -3.55B |
| Financing Cash Flow | 5.78B | 5.74B | -534.00M | -2.48B | -8.63B | -5.71B |
Angang Steel Co Technical Analysis
Angang Steel Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$241.66M | 1.06 | 18.42% | ― | 8.99% | 11.60% | |
63 Neutral | $6.07B | 37.56 | 0.67% | 0.61% | -8.84% | ― | |
58 Neutral | HK$16.37B | 4.50 | -5.52% | 4.91% | -3.57% | -61.41% | |
50 Neutral | HK$24.66B | ― | -12.08% | ― | -7.61% | -25.34% | |
49 Neutral | HK$854.55M | ― | -15.03% | ― | -9.84% | -90.32% | |
46 Neutral | $25.28B | ― | -17.87% | ― | -17.35% | -278.88% | |
42 Neutral | €13.64B | ― | -16.73% | ― | -29.52% | -73.10% |
Angang Steel Co Corporate Events
Angang Steel Company Limited has announced the convening of its 2025 Second Extraordinary General Meeting (EGM) to be held on July 28, 2025. The meeting will address the election of executive, non-executive, and independent non-executive directors for the company’s tenth board session, as well as consider amendments to the Articles of the company. These decisions are pivotal for the company’s governance and strategic direction, potentially impacting its operational focus and stakeholder engagement.
The most recent analyst rating on (HK:0347) stock is a Buy with a HK$2.40 price target. To see the full list of analyst forecasts on Angang Steel Co stock, see the HK:0347 Stock Forecast page.
Angang Steel Company Limited has announced the proposed appointment of members for the tenth session of its Board of Directors. The nominations include Mr. Wang Jun, Mr. Zhang Hongjun, and Mr. Li Jingdong as executive directors, Mr. Tan Yuhai as a non-executive director, and Mr. Wang Wanglin, Mr. Zhu Keshi, Ms. Hu Caimei, and Mr. Liu Chaojian as independent non-executive directors. These appointments are subject to shareholder approval at the upcoming extraordinary general meeting in 2025. This move is expected to influence the company’s governance and strategic direction, potentially impacting its market position and stakeholder interests.
The most recent analyst rating on (HK:0347) stock is a Buy with a HK$2.40 price target. To see the full list of analyst forecasts on Angang Steel Co stock, see the HK:0347 Stock Forecast page.
Angang Steel Co has announced proposed amendments to its Articles of Association to enhance corporate governance and align with the latest laws and regulations. The company plans to abolish its Supervisory Committee, with its duties being transferred to the Audit and Risk Committee, aiming to improve governance efficiency.
The most recent analyst rating on (HK:0347) stock is a Buy with a HK$2.40 price target. To see the full list of analyst forecasts on Angang Steel Co stock, see the HK:0347 Stock Forecast page.
Angang Steel Co announced the successful conclusion of its 2024 Annual General Meeting held on June 3, 2025, where all proposed resolutions were approved by shareholders. The meeting saw significant participation, with shareholders representing approximately 56.95% of the total voting shares attending, reflecting strong shareholder engagement and support for the company’s strategic direction.
The most recent analyst rating on (HK:0347) stock is a Buy with a HK$2.40 price target. To see the full list of analyst forecasts on Angang Steel Co stock, see the HK:0347 Stock Forecast page.
Angang Steel Company Limited announced the resignation of Mr. Wang Jianhua as an independent non-executive director after serving for six years, in compliance with regulations limiting the term length. His resignation affects several committee roles, but he will continue his duties until the Nomination Committee meets the required composition. The company expressed gratitude for his contributions.
The most recent analyst rating on (HK:0347) stock is a Buy with a HK$2.40 price target. To see the full list of analyst forecasts on Angang Steel Co stock, see the HK:0347 Stock Forecast page.
Angang Steel Co announced the scheduling of its 2024 Annual General Meeting to be held on June 3, 2025, in Anshan City, China. The meeting will address several key resolutions, including the approval of the 2024 annual report, financial statements, profit distribution plan, and the appointment of BDO China Shu Lun Pan Certified Public Accountants LLP as auditors for 2025. This announcement underscores the company’s commitment to transparency and structured corporate governance, which may influence its market positioning and stakeholder confidence.
Angang Steel Company Limited reported significant improvements in its first-quarter performance for 2025, despite challenges in the steel market. The company achieved a year-on-year reduction in losses by RMB1.091 billion and improved its sales profit margin through strategic product mix adjustments and cost reduction measures. Notable achievements include a reduction of RMB102 per ton in steel costs and a decrease in energy and pig iron costs, enhancing overall operational efficiency and competitiveness.
Angang Steel Co has announced a board meeting scheduled for April 29, 2025, to review and potentially approve the financial results for the first quarter ending March 31, 2025. This meeting is significant as it will provide insights into the company’s performance and could impact its market positioning and stakeholder confidence.