Angang Steel Co Ltd Class H (HK:0347)
:0347
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Angang Steel Co
(0347)
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Rating:44Neutral
Price Target:
HK$1.50
▼(-0.66% Downside)
Action:ReiteratedDate:04/02/26
The score is driven primarily by weak financial performance (persistent losses, negative gross profit, and negative free cash flow) and bearish technicals (below major moving averages with negative MACD). Valuation does not provide support due to the negative P/E and lack of a dividend yield.
Positive Factors
Integrated, diversified steel value chain
Vertical integration and a broad product mix provide durable operational control over inputs, quality and distribution. Serving construction, shipbuilding, automotive and energy diversifies end-market exposure and supports steadier demand over multi-month cycles, aiding margin resilience and competitive position.
Negative Factors
Multi-year revenue decline and weak profitability
Sustained top-line declines and persistently negative gross profit reflect structural pricing versus cost mismatches and shrinking scale economics. Over the medium term, this erodes earnings power and requires either sustained demand recovery or material cost/product-mix shifts to restore durable profitability and margin sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated, diversified steel value chain
Vertical integration and a broad product mix provide durable operational control over inputs, quality and distribution. Serving construction, shipbuilding, automotive and energy diversifies end-market exposure and supports steadier demand over multi-month cycles, aiding margin resilience and competitive position.
Read all positive factors
Angang Steel Co (0347) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$22.80B
Dividend YieldN/A
Average Volume (3M)11.82M
Price to Earnings (P/E)―
Beta (1Y)1.54
Revenue Growth-9.09%
EPS Growth34.73%
CountryHK
Employees25,028
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.33
Shares Outstanding1,411,540,000
10 Day Avg. Volume12,249,910
30 Day Avg. Volume11,823,190
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.36
Price to Sales (P/S)0.17
P/FCF Ratio-5.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$2.43Price Target Upside60.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.19
Revenue Forecast (FY)HK$94.19B
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 sheet...
How the Company Makes Money
Angang Steel primarily makes money by manufacturing and selling steel products. Revenue is mainly generated from (1) sales of finished steel products (e.g., plates, hot-rolled products, cold-rolled products, galvanized/coated products, and other p...
Angang Steel Co Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
64
Positive
Cash Flow
41
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 96.05B | 105.10B | 113.50B | 131.07B | 136.67B |
| Gross Profit | -1.20B | -3.72B | -535.00M | 3.05B | 13.24B |
| EBITDA | 799.00M | -2.65B | -263.00M | 3.36B | 13.52B |
| Net Income | -4.07B | -7.12B | -3.26B | 156.00M | 6.96B |
Balance Sheet | |||||
| Total Assets | 96.05B | 100.58B | 97.01B | 96.94B | 97.53B |
| Cash, Cash Equivalents and Short-Term Investments | 3.93B | 4.56B | 3.22B | 5.09B | 5.38B |
| Total Debt | 14.23B | 12.29B | 6.83B | 6.96B | 6.71B |
| Total Liabilities | 51.06B | 51.91B | 41.62B | 38.14B | 37.33B |
| Stockholders Equity | 43.88B | 47.68B | 54.76B | 58.14B | 59.67B |
Cash Flow | |||||
| Free Cash Flow | -2.85B | -4.04B | -1.48B | 1.89B | 8.33B |
| Operating Cash Flow | 1.79B | -787.00M | 1.58B | 6.14B | 12.85B |
| Investing Cash Flow | -3.90B | -3.73B | -2.95B | -3.97B | -4.17B |
| Financing Cash Flow | 1.47B | 5.74B | -534.00M | -2.48B | -8.63B |
Angang Steel Co Technical Analysis
Negative
1.51
Price Trends
1.86
Negative
1.91
Negative
2.02
Negative
Market Momentum
-0.11
Positive
33.35
Neutral
52.68
Neutral
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 1.51 is below the 20-day moving average (MA) of 1.68, below the 50-day MA of 1.86, and below the 200-day MA of 2.02, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 33.35 is Neutral, neither overbought nor oversold. The STOCH value of 52.68 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$663.71M | 4.32 | 11.57% | 7.84% | 17.69% | -9.99% | |
70 Outperform | HK$364.01M | 0.30 | 18.94% | ― | -13.26% | 63.38% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | HK$1.17B | 9.40 | 1.06% | 2.77% | -8.90% | -79.06% | |
46 Neutral | HK$29.44B | -85.67 | -8.13% | ― | -10.10% | 10.40% | |
44 Neutral | HK$22.80B | -3.91 | -8.39% | ― | -9.09% | 34.73% | |
44 Neutral | HK$13.74B | -3.42 | -12.51% | ― | -14.20% | 8.19% |
* Basic Materials Sector Average
HK:0347
Angang Steel Co
1.51
0.18
13.53%
HK:0323
Maanshan Iron & Steel Co
2.50
1.09
77.30%
HK:0103
Shougang Concord Century Holding Ltd.
2.18
0.05
2.40%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
1.12
0.41
57.75%
HK:1553
Maike Tube Industry Holdings Limited
1.53
0.43
39.09%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.36
0.17
89.47%
Angang Steel Co Corporate Events
Angang Steel Posts 2025 Loss as It Renews Key Intra-Group Deals
Mar 30, 2026
Angang Steel Company Limited reported operating income of RMB96.05 billion for 2025 but posted a total loss of RMB3.89 billion, with net loss attributable to shareholders reaching RMB4.07 billion and basic earnings per share declining to a negativ...
Angang Steel Schedules 2025 Results Briefing to Boost Investor Communication
Mar 30, 2026
Angang Steel Company Limited will release its annual results for the year ended 31 December 2025 on 30 March 2026 and hold an online results briefing on 10 April 2026. The briefing, to be attended by the chairman and senior executives, aims to imp...
Angang Steel to Acquire 80% Stake in Yingkou Port Unit From Controlling Shareholder
Mar 30, 2026
Angang Steel Co has agreed to acquire an 80% equity interest in Angang Yingkou Port from its controlling shareholder Angang Holding for RMB1.01 billion, funded entirely from internal resources. The price was set after arm’s length negotiatio...
Angang Steel Adopts New Accounting Treatment for Warehouse Receipt Trades
Mar 30, 2026
Angang Steel Company Limited has approved changes to its accounting policies following new guidance from China’s Ministry of Finance on the treatment of standard warehouse receipt transactions. The board resolved on 30 March 2026 to adopt th...
Angang Steel Promotes Jiang Yi to Deputy General Manager
Mar 30, 2026
Angang Steel Company Limited has appointed Mr. Jiang Yi as deputy general manager, effective 30 March 2026, strengthening its senior management team with an experienced internal candidate. Jiang, a senior engineer born in 1983, currently serves on...
Angang Steel Director Resigns After Reaching Six-Year Tenure Limit
Mar 16, 2026
Angang Steel Company Limited announced the resignation of Mr. Wang Wanglin as an independent non-executive director and member of the board’s strategic committee after serving six consecutive years, in line with China Securities Regulatory C...
Angang Steel Sets Out Board Composition and Committee Roles
Mar 16, 2026
Angang Steel Company Limited has announced the current composition of its board of directors and outlined the allocation of roles across four key board committees. The updated structure details the executive, non-executive, independent non-executi...
Angang Steel Sets March 2026 Board Meeting to Review 2025 Results and Final Dividend
Mar 13, 2026
Angang Steel Company Limited has announced that its board of directors will meet on 30 March 2026 to review and approve the consolidated financial results for the year ended 31 December 2025. The board will also consider the proposal of a final di...
Angang Steel Appoints New Hong Kong Process Agent and Updates Service Address
Mar 3, 2026
Angang Steel Company Limited has announced a change to its authorized process agent in Hong Kong following the expiry of Tian Yuan Law Firm LLP’s service agreement. The company has appointed Ms. Ho Wing Nga as its new process agent effective...
Angang Steel Forecasts Sharply Reduced Loss for 2025 on Operational Improvements
Jan 30, 2026
Angang Steel has issued a profit alert indicating a significantly narrower net loss for the year ended 31 December 2025, with unaudited net loss attributable to shareholders expected to be about RMB4.08 billion, down roughly 42.75% from RMB7.12 bi...
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.