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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 | EBIT |
| -5.87B | -6.95B | -4.15B | -481.00M | 8.98B | 3.68B | EBITDA |
| -5.44B | -2.65B | -282.00M | 3.36B | 13.52B | 7.18B | Net Income Common Stockholders |
| -6.02B | -7.12B | -3.26B | 156.00M | 6.96B | 1.98B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 3.33B | 4.56B | 3.22B | 5.09B | 5.38B | 5.33B | Total Assets |
| 100.52B | 100.58B | 97.01B | 96.94B | 97.53B | 88.05B | Total Debt |
| 12.02B | 12.29B | 6.83B | 6.96B | 6.71B | 14.53B | Net Debt |
| 8.71B | 7.75B | 3.61B | 1.87B | 1.33B | 9.20B | 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$190.09M | 0.82 | 18.42% | ― | 8.99% | 11.60% | |
51 Neutral | $2.03B | -1.27 | -21.09% | 3.98% | 2.91% | -30.50% | |
48 Neutral | HK$22.25B | ― | -12.08% | ― | -7.61% | -25.34% | |
47 Neutral | HK$25.38B | ― | -17.87% | ― | -17.35% | -278.88% | |
47 Neutral | $4.88B | 30.18 | 0.67% | 26.31% | -8.84% | ― | |
44 Neutral | HK$816.85M | ― | -15.03% | ― | -9.84% | -90.32% | |
42 Neutral | €12.01B | ― | -16.73% | ― | -29.52% | -73.10% |
Angang Steel Co Corporate Events
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.
Angang Steel Company Limited has outlined the terms of reference for its Audit and Risk (Oversight) Committee, which will be composed of non-executive directors, with a majority being independent and at least one possessing professional accounting qualifications. The Committee is tasked with overseeing the appointment and performance of external auditors, ensuring their independence, and advising the Board on audit-related matters.
Angang Steel Company Limited announced its 2024 annual financial results, reporting an operating income of RMB105,101 million but a total profit loss of RMB-7,035 million. The net profit attributable to shareholders was RMB-7,122 million, indicating a challenging financial year for the company. The results reflect a decrease in basic earnings per share to RMB-0.759, compared to the adjusted figure of RMB-0.347 in 2023. These figures suggest significant financial challenges that may impact the company’s operations and stakeholder interests.
Angang Steel Company Limited has announced that it will release its annual results for the year ending 31 December 2024 on 30 March 2025. To improve corporate governance and investor communication, the company will hold a briefing on 3 April 2025, inviting investors to participate and submit questions in advance. This initiative aims to enhance transparency and stakeholder engagement.
Angang Steel Co announced a capital increase agreement with Angang Engineering and Angang Energy to boost the registered capital of Angang Energy from RMB201 million to RMB301 million. This move aims to advance the Linggang Coke Oven Gas-produced LNG Project, with Angang Steel contributing RMB60 million in cash. The transaction is classified as a connected transaction under the Hong Kong Listing Rules, requiring reporting and announcement but exempt from independent shareholders’ approval.
Angang Steel Co announced the formation of a joint venture with Bengang Steel Plates, named Green Gold (Benxi) Recycling Resources Co. Ltd., to be established in Benxi City, Liaoning Province. This joint venture will focus on renewable resources processing, recycling, and sales, including scrap metal and non-metallic waste. The venture, with a registered capital split of 49% from Green Gold and 51% from Bengang Steel Plates, is a connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement but exempt from certain other requirements. The initiative is expected to enhance Angang Steel’s capabilities in recycling and resource management, potentially strengthening its market position in the renewable resources sector.
Angang Steel Company Limited has announced changes to its accounting policies following new regulations issued by the Ministry of Finance. These changes, effective from January 1, 2024, involve the recognition and disclosure of data resources as assets and adjustments in accounting for liabilities and warranties. The updated policies aim to align the company’s financial reporting with the latest accounting standards, potentially impacting its financial transparency and stakeholder confidence.
Angang Steel Co announced a provision for impairment of inventory assets, resulting in an impairment loss of RMB680 million for 2024. This adjustment decreased the company’s net profit and owners’ equity by RMB567 million but is in compliance with relevant accounting standards and does not affect the company’s normal operations.
Angang Steel Co., Ltd. announced the appointment of Mr. Li Jingdong as a joint company secretary, effective March 20, 2025, while Mr. Zhou Dongzhou continues in his role as the other joint company secretary. The company has obtained a waiver from strict compliance with certain Hong Kong Stock Exchange listing rules, allowing Mr. Li to work alongside Mr. Zhou for three years to ensure a smooth transition and compliance with regulatory requirements.