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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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 105.10B | 113.50B | 131.07B | 136.67B | 100.90B |
| Gross Profit | -3.72B | -535.00M | 3.05B | 13.24B | 9.30B |
| EBITDA | -2.65B | -282.00M | 3.36B | 13.52B | 7.18B |
| Net Income | -7.12B | -3.26B | 156.00M | 6.96B | 1.98B |
Balance Sheet | |||||
| Total Assets | 100.58B | 97.01B | 96.94B | 97.53B | 88.05B |
| Cash, Cash Equivalents and Short-Term Investments | 4.56B | 3.22B | 5.09B | 5.38B | 5.33B |
| Total Debt | 12.29B | 6.83B | 6.96B | 6.71B | 14.53B |
| Total Liabilities | 51.91B | 41.62B | 38.14B | 37.33B | 34.19B |
| Stockholders Equity | 47.68B | 54.76B | 58.14B | 59.67B | 53.37B |
Cash Flow | |||||
| Free Cash Flow | -4.04B | -1.48B | 1.89B | 8.33B | 6.14B |
| Operating Cash Flow | -787.00M | 1.58B | 6.14B | 12.85B | 9.92B |
| Investing Cash Flow | -3.73B | -2.95B | -3.97B | -4.17B | -3.55B |
| Financing Cash Flow | 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$318.51M | 1.38 | 18.42% | ― | 8.99% | 11.60% | |
59 Neutral | HK$16.83B | 4.60 | -5.52% | 4.39% | -3.57% | -61.41% | |
58 Neutral | $7.11B | 44.01 | 0.67% | 0.53% | -8.84% | ― | |
57 Neutral | $28.46B | ― | -12.08% | ― | -7.61% | -25.34% | |
56 Neutral | $26.56B | ― | -17.87% | ― | -17.35% | -278.88% | |
55 Neutral | HK$1.01B | ― | -15.03% | ― | -9.84% | -90.32% | |
42 Neutral | HK$14.89B | ― | -16.73% | ― | -29.52% | -73.10% |
Angang Steel Co Corporate Events
Angang Steel Co. announced the successful passage of resolutions at its 2025 Second Extraordinary General Meeting held on July 28, 2025. The meeting, chaired by Mr. Wang Jun, was attended by 306 shareholders or their proxies, representing approximately 56.96% of the total voting shares. The resolutions were passed by way of poll, with no shareholders required to abstain or vote against the resolutions according to the Listing Rules.
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 the composition of its board of directors, which includes executive, non-executive, independent non-executive, and employee directors. The board has also established four committees: Remuneration and Appraisal, Nomination, Audit and Risk, and Strategic. This announcement outlines the roles and functions of each director within these committees, which is crucial for stakeholders as it reflects the company’s governance structure and decision-making framework.
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 election of Mr. Zhao Zhongmin as the employee director for the tenth session of its board. Mr. Zhao, a senior economist with extensive experience in the steel industry, will serve a three-year term alongside non-employee directors elected at the company’s general meeting. His appointment is expected to enhance the board’s capabilities, given his background and roles within the company and its affiliates.
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 a significant reduction in its net loss for the first half of 2025 compared to the same period in 2024. Despite ongoing challenges in the steel market, including declining steel and raw material prices, the company improved its operational efficiency and market competitiveness through strategic cost reduction and product mix adjustments.
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 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.