Want to see HK:0347 full AI Analyst Report?
Top Page
Angang Steel Co
(0347)
Select Model
Select Model
Rating:43Neutral
Price Target:
HK$1.00
▼(-37.50% Downside)
Action:Reiterated
Date:05/02/26
The score is held down primarily by weak financial performance (multi-year losses, pressured margins/revenue, and negative free cash flow) and bearish technical conditions (below all major moving averages with negative MACD). Valuation provides only limited support because the negative P/E reflects ongoing losses and there is no dividend yield data.
Positive Factors
Vertical integration
Angang's vertically integrated model (ironmaking through downstream processing) is a durable structural advantage for steel producers: it enables capture of value across the chain, better input and quality control, and flexibility to shift product mix toward higher-value grades when demand supports it.
Negative Factors
Multi-year losses & shrinking revenue
Sustained losses and falling revenue across multiple years erode capital and limit reinvestment. For an industrial steel maker, persistent negative margins reduce pricing power and capacity to upgrade product mix, weakening long-term competitiveness unless structural demand or cost positions improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Vertical integration
Angang's vertically integrated model (ironmaking through downstream processing) is a durable structural advantage for steel producers: it enables capture of value across the chain, better input and quality control, and flexibility to shift product mix toward higher-value grades when demand supports it.
Read all positive factors
Angang Steel Co (0347) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$19.37B
Dividend YieldN/A
Average Volume (3M)11.82M
Price to Earnings (P/E)―
Beta (1Y)1.63
Revenue Growth-7.68%
EPS Growth15.78%
CountryHK
Employees23,990
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.53
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$1.11Price Target Upside-30.63% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-0.52
Revenue Forecast (FY)HK$95.40B
Angang Steel Co Business Overview & Revenue Model
Company Description
Established in Anshan, China, in 1997, Angang Steel Company Limited is a major enterprise primarily involved in the manufacturing, processing, and global distribution of steel products. Its extensive catalog includes hot rolled sheets, medium and ...
How the Company Makes Money
Angang Steel primarily makes money by producing and selling steel products. Its core revenue stream comes from sales of finished steel (and, where applicable, semi-finished products) to industrial customers and distributors, with pricing largely i...
Angang Steel Co Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 92.79B | 96.05B | 105.10B | 113.50B | 131.07B | 136.67B |
| Gross Profit | -2.03B | -1.20B | -3.72B | -535.00M | 3.05B | 13.24B |
| EBITDA | -4.82B | 799.00M | -2.65B | -263.00M | 3.36B | 13.52B |
| Net Income | -4.96B | -4.07B | -7.12B | -3.26B | 156.00M | 6.96B |
Balance Sheet | ||||||
| Total Assets | 94.22B | 96.05B | 100.58B | 97.01B | 96.94B | 97.53B |
| Cash, Cash Equivalents and Short-Term Investments | 4.21B | 3.93B | 4.56B | 3.22B | 5.09B | 5.38B |
| Total Debt | 34.43B | 14.23B | 12.29B | 6.83B | 6.96B | 6.71B |
| Total Liabilities | 50.95B | 51.06B | 51.91B | 41.62B | 38.14B | 37.33B |
| Stockholders Equity | 42.31B | 43.88B | 47.68B | 54.76B | 58.14B | 59.67B |
Cash Flow | ||||||
| Free Cash Flow | -2.74B | -2.85B | -4.04B | -1.48B | 1.89B | 8.33B |
| Operating Cash Flow | 1.88B | 1.79B | -787.00M | 1.58B | 6.14B | 12.85B |
| Investing Cash Flow | -3.29B | -3.90B | -3.73B | -2.95B | -3.97B | -4.17B |
| Financing Cash Flow | 2.27B | 1.47B | 5.74B | -534.00M | -2.48B | -8.63B |
Angang Steel Co Technical Analysis
Neutral
1.60
Price Trends
1.25
Negative
1.47
Negative
1.75
Negative
Market Momentum
-0.03
Negative
45.85
Neutral
76.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0347, the sentiment is Neutral. The current price of 1.6 is above the 20-day moving average (MA) of 1.13, above the 50-day MA of 1.25, and below the 200-day MA of 1.75, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.85 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$611.66M | 3.56 | 11.64% | 7.84% | -13.96% | -1.91% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | HK$222.45M | 0.78 | 16.71% | ― | -20.11% | 15.44% | |
51 Neutral | HK$918.90M | 15.78 | 1.06% | 2.77% | 1.14% | 28.45% | |
47 Neutral | HK$19.60B | -862.07 | -0.09% | ― | -4.43% | 99.48% | |
44 Neutral | HK$12.96B | -3.89 | -18.53% | ― | -13.27% | 4.42% | |
43 Neutral | HK$19.37B | -3.67 | -11.13% | ― | -7.68% | 15.78% |
* Basic Materials Sector Average
HK:0347
Angang Steel Co
1.16
-1.13
-49.34%
HK:0323
Maanshan Iron & Steel Co
1.67
-0.44
-20.85%
HK:0103
Shougang Concord Century Holding Ltd.
1.72
-0.96
-35.77%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.89
-0.88
-49.72%
HK:1553
Maike Tube Industry Holdings Limited
1.32
-0.06
-4.35%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.22
-0.12
-35.29%
Angang Steel Co Corporate Events
Angang Steel Warns of Major First-Half 2026 Loss After Port Acquisition
Jul 13, 2026
Angang Steel has issued a profit warning for the six months ended 30 June 2026, indicating a sharp deterioration in results versus a year earlier. The Group expects to post a net loss attributable to shareholders of about RMB 2.047 billion, compar...
Angang Steel Consolidates 80% Stake in Yingkou Port After Asset-Based Valuation
Jul 2, 2026
Angang Steel Co. has completed the acquisition and registration of an 80% equity interest in Angang Yingkou Port, making the port operator a non-wholly owned subsidiary whose financial results will now be consolidated into the group accounts. This...
Angang Steel Shareholders Approve Resolution at First 2026 Extraordinary Meeting
Jun 29, 2026
Angang Steel Co. reported that its first extraordinary shareholders’ meeting of 2026, held on 29 June in Anshan, was duly convened in compliance with relevant laws and the company’s articles of association. The meeting was chaired by c...
Angang Steel calls extraordinary meeting to approve new executive pay system
Jun 8, 2026
Angang Steel Company Limited has convened its first extraordinary shareholders’ meeting of 2026 for 29 June in Anshan, where investors will vote on a proposed Remuneration Management System for directors and senior management. The initiative...
Angang Steel Wins Full Shareholder Backing at 2025 AGM
May 29, 2026
Angang Steel Co. reported that its 2025 annual general meeting was duly convened on May 29, 2026 in Anshan, with the session chaired by executive director Tian Yong and attended by members of the board in compliance with Chinese corporate governan...
Angang Steel’s First-Quarter Loss Widens as Revenue Falls
Apr 29, 2026
Angang Steel reported unaudited first-quarter 2026 results showing operating income of RMB 22.02 billion, down 12.19% from a year earlier, as market pressures weighed on revenue. The company’s net loss attributable to shareholders widened sh...
Angang Steel Calls 2025 AGM and Proposes New Auditor Mandate for 2026
Apr 24, 2026
Angang Steel Company Limited has called its 2025 annual general meeting for 29 May 2026 at its headquarters in Anshan, Liaoning Province. Shareholders will review the board report, the 2025 annual report and audited financial statements, and decid...
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.