Angang Steel Co (0347) AI Stock Analysis

• Market Cap: HK$24.02B
• Dividend Yield: N/A
• Average Volume (3M): 11.82M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.47
• Revenue Growth: -9.09%
• EPS Growth: 34.73%
• Country: HK
• Employees: 25,028
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): -0.11
• Shares Outstanding: 1,411,540,000
• 10 Day Avg. Volume: 12,249,910
• 30 Day Avg. Volume: 11,823,190
• PEG Ratio: -0.02
• Price to Book (P/B): 0.27
• Price to Sales (P/S): 0.12
• P/FCF Ratio: -3.21
• 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: HK$2.33
• Price Target Upside: 25.48% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: HK$2.00 ▲(7.53% Upside)

Angang Steel Co's overall stock score is primarily impacted by its poor financial performance, characterized by negative profitability and cash flow issues. The technical analysis indicates bearish momentum, and the valuation is unattractive due to a negative P/E ratio. These factors collectively contribute to a low overall score.

Positive Factors

Strategic Partnerships

These partnerships can provide a competitive edge by securing supply chains and expanding market reach, supporting long-term revenue stability.

Stable Revenue Streams

Long-term contracts provide predictable cash flows and reduce revenue volatility, supporting financial planning and operational stability.

Industry Demand

Sustained demand in key sectors supports ongoing sales and production, contributing to long-term business growth and market position.

Negative Factors

Declining Revenue

Consistent revenue decline indicates challenges in market competitiveness and product demand, potentially impacting long-term financial health.

Negative Margins

Negative margins reflect operational inefficiencies and pricing pressures, which can erode profitability and shareholder value over time.

Increased Leverage

Higher leverage increases financial risk, limiting flexibility and potentially leading to higher interest costs, affecting long-term sustainability.

Angang Steel Co Business Overview & Revenue Model

Company Description

Angang Steel Company Limited engages in the production, processing, and sale of steel products in the People's Republic of China. Its principal products include hot rolled sheets, medium and thick plates, cold rolled sheets, galvanized steel sheets, color coating plates, cold rolled silicon steel, heavy rails and sections, seamless steel pipes and wire rods, and other products. The company also engages in ferrous metal smelting and steel pressing and processing activities. In addition, it sells metal materials and products, and building materials, etc.; provides wholesale and retail purchasing services; develops metallurgy and related materials and equipment; and purchases and sells metal and other materials, as well as imports, exports, wholesales, and retails technology products. Further, the company engages in the purification of cooking gas; production of coal products and dissolved acetylene; and sale of compressed and liquefied gas. The company's products are used in various industries, such as machinery, metallurgy, petroleum, chemical industry, coal, electricity, railway, ship, automobile, construction, home appliances, and aviation industries. It also exports its products. The company was formerly known as Angang New Steel Company Limited and changed its name to Angang Steel Company Limited in June 2006. Angang Steel Company Limited was founded in 1997 and is headquartered in Anshan, China.

How the Company Makes Money

Angang Steel generates revenue primarily through the production and sale of steel products. The company's revenue model is based on a combination of direct sales to industrial customers and partnerships with distributors and wholesalers. Key revenue streams include the sale of hot-rolled and cold-rolled steel sheets, which are in high demand in various sectors such as construction and automotive manufacturing. Additionally, Angang Steel benefits from fluctuations in steel prices, which can significantly impact its profit margins. The company also engages in long-term contracts with major clients, ensuring a stable revenue flow. Strategic partnerships with other manufacturers and suppliers in the supply chain further enhance its earnings potential.

Angang Steel Co Financial Statement Overview

Summary

Angang Steel Co is facing significant financial challenges with negative margins and declining revenue. The balance sheet shows increased leverage, and cash flow issues are evident with negative operating and free cash flow ratios.

Income Statement

Angang Steel Co has been experiencing a concerning decline in its financial performance as seen in the TTM (Trailing-Twelve-Months) data. The gross profit margin, net profit margin, and EBIT margin are all negative, indicating significant challenges in maintaining profitability. There has been a consistent decline in revenue with a negative revenue growth rate, and the company has reported losses in recent periods. The EBITDA margin is also negative, further highlighting operational difficulties.

Balance Sheet

The balance sheet of Angang Steel Co presents a mixed picture. The debt-to-equity ratio has increased, indicating higher leverage, which could be a risk if earnings do not improve. However, the equity ratio remains relatively stable, showing that equity still makes up a significant portion of total assets. The return on equity is currently negative due to net losses, which is a concern for shareholders.

Cash Flow

The cash flow statement shows challenges in cash generation with negative free cash flow growth in the TTM period. The operating cash flow to net income ratio is negative, indicating that operations are not generating sufficient cash to cover losses. Free cash flow to net income ratio is also negative, showing that after capital expenditures, the company is struggling to maintain liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	98.25B	105.10B	113.50B	131.07B	136.67B	100.90B
Gross Profit	-2.32B	-3.72B	-535.00M	3.05B	13.24B	9.30B
EBITDA	-5.07B	-2.65B	-263.00M	3.36B	13.52B	7.18B
Net Income	-5.58B	-7.12B	-3.26B	156.00M	6.96B	1.98B
Balance Sheet
Total Assets	98.42B	100.58B	97.01B	96.94B	97.53B	88.05B
Cash, Cash Equivalents and Short-Term Investments	3.15B	4.56B	3.22B	5.09B	5.38B	5.33B
Total Debt	11.73B	12.29B	6.83B	6.96B	6.71B	14.53B
Total Liabilities	50.78B	51.91B	41.62B	38.14B	37.33B	34.19B
Stockholders Equity	46.61B	47.68B	54.76B	58.14B	59.67B	53.37B
Cash Flow
Free Cash Flow	-4.37B	-4.04B	-1.48B	1.89B	8.33B	6.14B
Operating Cash Flow	405.00M	-787.00M	1.58B	6.14B	12.85B	9.92B
Investing Cash Flow	-4.45B	-3.73B	-2.95B	-3.97B	-4.17B	-3.55B
Financing Cash Flow	5.48B	5.74B	-534.00M	-2.48B	-8.63B	-5.71B

Angang Steel Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0347, the sentiment is Negative. The current price of 1.86 is below the 20-day moving average (MA) of 1.96, below the 50-day MA of 2.11, and below the 200-day MA of 1.95, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 33.37 is Neutral, neither overbought nor oversold. The STOCH value of 16.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0347.

Angang Steel Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
1938	61 Neutral	HK$293.23M	1.07	19.13%	―	-13.26%	63.38%
0581	54 Neutral	HK$4.99B	17.94	1.16%	0.75%	-14.11%	―
0323	54 Neutral	HK$28.88B	-8.28	-8.13%	―	-10.10%	10.40%
1090	49 Neutral	HK$1.07B	-2.39	-15.58%	―	-8.38%	-86.16%
1053	42 Neutral	HK$14.12B	-4.72	-12.42%	―	-14.20%	8.19%
0347	41 Neutral	HK$24.02B	-4.00	-8.39%	―	-9.09%	34.73%

Angang Steel Co Corporate Events

Angang Steel Co Reports Strong Market Expansion and Cost Reduction in Q3 2025

In its third quarterly report for 2025, Angang Steel Co highlighted significant progress in market expansion and cost reduction. The company exceeded its target for premium product sales and introduced new products like hot-rolled battery shell steel. It also achieved substantial growth in the sales of new energy vehicle silicon steel and automotive steel. Internationally, the company successfully exported 60-meter-long rails and improved its customer service standards. On the cost reduction front, Angang Steel implemented measures that led to a reduction in logistics costs by 9.18% and a decrease in steel production costs by RMB90 per tonne compared to the previous year.

Angang Steel Schedules Board Meeting to Review Financial Results

Angang Steel Company Limited has announced a board meeting scheduled for October 30, 2025, to review and potentially approve the financial results for the nine months ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, impacting stakeholders and potentially influencing its market positioning.

Angang Steel Co’s 2025 Shareholders’ Meeting Resolution Passed

Angang Steel Co announced the successful passage of a resolution at its 2025 Third Extraordinary Shareholders’ Meeting held on September 19, 2025. The meeting, which complied with relevant legal and regulatory standards, saw participation from shareholders representing approximately 57.16% of the total voting shares. This development underscores the company’s commitment to adhering to governance protocols and maintaining shareholder engagement.

Angang Steel Announces Board Composition and Committee Roles

Angang Steel Company Limited has announced the composition of its board of directors and the roles they will serve within the company’s committees. This update provides clarity on the leadership structure and strategic oversight, which is crucial for stakeholders to understand the company’s governance and decision-making processes.