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Chongqing Iron & Steel Co., Ltd. Class H
(Frankfurt:1053)
Chongqing Iron & Steel Co., Ltd. Class H (1053) vs. iShares MSCI Hong Kong ETF (EWH)
Chongqing Iron & Steel Co., Ltd. Class H Business Overview & Revenue Model
Chongqing Iron & Steel Co., Ltd. Class H Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 27.24B | 39.32B | 36.56B | 39.85B | 24.49B |
| Gross Profit | -1.36B | -882.18M | -30.86M | 3.90B | 1.83B |
| EBITDA | ― | 218.44M | 565.80M | 4.00B | 1.68B |
| Net Income | ― | ― | ― | 2.27B | 638.48M |
Balance Sheet | |||||
| Total Assets | 35.48B | 37.36B | 39.36B | 43.00B | 39.95B |
| Cash, Cash Equivalents and Short-Term Investments | 3.02B | 1.94B | 4.00B | 7.01B | 4.94B |
| Total Debt | 2.60B | 3.62B | 6.49B | 6.91B | 9.23B |
| Total Liabilities | 18.87B | 17.50B | 18.02B | 20.62B | 19.91B |
| Stockholders Equity | 16.61B | 19.85B | 21.34B | 22.38B | 20.04B |
Cash Flow | |||||
| Free Cash Flow | 543.78M | 205.66M | ― | 730.11M | 1.11B |
| Operating Cash Flow | 1.31B | 1.02B | 1.47B | 5.62B | 1.34B |
| Investing Cash Flow | ― | -801.07M | ― | -5.54B | -711.11M |
| Financing Cash Flow | 459.92M | -2.33B | ― | 1.05B | 2.48B |
Chongqing Iron & Steel Co., Ltd. Class H Technical Analysis
Chongqing Iron & Steel Co., Ltd. Class H Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $801.79B | 10.79 | 12.78% | 7.19% | -7.73% | -6.97% | |
63 Neutral | HK$489.55M | 9.04 | 4.26% | ― | 5.20% | -75.14% | |
59 Neutral | HK$16.83B | 4.60 | -5.52% | 4.39% | -3.57% | -61.41% | |
57 Neutral | $26.82B | ― | -12.08% | ― | -7.61% | -25.34% | |
56 Neutral | $26.56B | ― | -17.87% | ― | -17.35% | -278.88% | |
45 Neutral | HK$100.21B | ― | -4.92% | ― | 7.08% | ― | |
42 Neutral | HK$14.89B | ― | -16.73% | ― | -29.52% | -73.10% |
Chongqing Iron & Steel Co., Ltd. Class H Corporate Events
Chongqing Iron & Steel Co., Ltd. reported a significant reduction in losses for the first quarter of 2025, attributed to improved management and operational efficiency. The company achieved a turnaround to profit in March, with a total profit of RMB5.13 million, despite a 14.51% decrease in revenue compared to the previous year.
Chongqing Iron & Steel Co., Ltd. reported a 14.51% decrease in revenue for the first quarter of 2025 compared to the previous year, with a net loss attributable to shareholders. Despite the decline in revenue, the company saw a slight improvement in its weighted average return on net assets. The company’s production and sales volumes for major products like plates and hot rolled sheets remained robust, although average selling prices varied. Stakeholders are advised to exercise caution due to the unaudited nature of the data.
Huabao Investment, a subsidiary of the de facto controller China Baowu, has increased its shareholding in Chongqing Iron & Steel Co., Ltd. by 137.4597 million A shares, representing 1.55% of the company’s total share capital. This move is part of a Share Increase Plan to invest between RMB150 million and RMB300 million in the company, reflecting confidence in its future prospects. The plan’s execution depends on market conditions, and the company will disclose any changes promptly.
Chongqing Iron & Steel Co., Ltd. has announced a board meeting scheduled for April 22, 2025, to review and approve the unaudited first-quarter results for 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction for the year, impacting stakeholders’ perspectives and potential market positioning.
Chongqing Iron & Steel Co., Ltd. announced an estimated net loss of approximately RMB117 million for the first quarter of 2025, a significant improvement from the RMB333.76 million loss in the same period last year. This reduction in losses is attributed to enhanced production efficiency, rigorous cost-cutting measures, and strategic adjustments in procurement and sales to counter market pressures, indicating a positive shift in operational performance.
Chongqing Iron & Steel Co., Ltd. reported a net loss of RMB3.169 billion for the year 2024, with an unappropriated profit of RMB-12.335 billion. As a result, the board decided against profit distribution or transferring capital reserve to share capital for the year. The company’s financial results, audited by Ernst & Young Hua Ming LLP, reflect challenges faced in the industry, impacting its financial stability and decisions regarding shareholder returns.
Chongqing Iron & Steel Co., Ltd. has announced a significant provision for asset impairment for the year 2024, amounting to RMB1,237,430,000. This provision, which exceeds 10% of the company’s audited net profit for the previous year, reflects a comprehensive review of the company’s assets in accordance with accounting standards. The impairment includes credit losses and write-downs of inventory and long-term assets, impacting the net profit attributable to shareholders.
Chongqing Iron & Steel Co., Ltd. has approved a Valuation Improvement Plan for 2025 after its A shares consistently traded below their net asset value for 12 months. The plan includes focusing on core business development, canceling repurchased shares to boost shareholder equity, enhancing investor relations, ensuring transparent information disclosure, and increasing shareholdings by the controlling shareholder. This initiative aims to enhance the company’s market valuation and restore investor confidence, with Huabao Investment Company Limited already increasing its shareholdings to support this effort.
Chongqing Iron & Steel Co., Ltd. reported a significant decline in its financial performance for 2024, with a 30.71% decrease in revenue and a net loss attributable to shareholders of RMB 3,195,561,000. Despite the challenging financial results, the company managed to increase its net cash flow from operating activities by 28.16%, indicating some operational resilience amidst a difficult market environment.
Chongqing Iron & Steel Co., Ltd. has announced its intention to participate in an auction for acquiring certain steelmaking assets, including production lines for thick and medium plates. These assets are currently held by Chongqing Iron & Steel (Group) Co., Ltd. and have been listed for disposal at a price of RMB1,080,659,977.20. The acquisition is aimed at maintaining stable production and supporting the company’s growth. This move could strengthen the company’s operational capabilities and market position.
Chongqing Iron & Steel Co., Ltd. has announced a board meeting scheduled for March 28, 2025, to review and approve the annual results for the fiscal year ending December 31, 2024. This meeting is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction.
Chongqing Iron & Steel Co., Ltd. announced the completion of its share repurchase program, which involved repurchasing approximately 66.8385 million A shares at a cost of RMB69.7525 million. This repurchase represents about 0.749% of the company’s total share capital. The company plans to cancel these repurchased shares to reduce its registered capital, with the new registered capital set to be RMB8,851,763,767. The cancellation process, which complied with relevant laws and regulations, is expected to be completed by 18 February 2025.