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Chongqing Iron & Steel Co., Ltd. Class H
(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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.29B | 27.24B | 39.32B | 36.56B | 39.85B | 24.49B |
| Gross Profit | -9.99M | -1.36B | -882.18M | -30.86M | 3.90B | 1.83B |
| EBITDA | -72.53M | ― | 218.44M | 565.80M | 4.00B | 1.68B |
| Net Income | -226.42M | ― | ― | ― | 2.27B | 638.48M |
Balance Sheet | ||||||
| Total Assets | 38.34B | 35.48B | 37.36B | 39.36B | 43.00B | 39.95B |
| Cash, Cash Equivalents and Short-Term Investments | 3.66B | 3.02B | 1.94B | 4.00B | 7.01B | 4.94B |
| Total Debt | 9.89B | 2.60B | 3.62B | 6.49B | 6.91B | 9.23B |
| Total Liabilities | 20.41B | 18.87B | 17.50B | 18.02B | 20.62B | 19.91B |
| Stockholders Equity | 17.93B | 16.61B | 19.85B | 21.34B | 22.38B | 20.04B |
Cash Flow | ||||||
| Free Cash Flow | 1.09B | 543.78M | 205.66M | ― | 730.11M | 1.11B |
| Operating Cash Flow | 1.93B | 1.31B | 1.02B | 1.47B | 5.62B | 1.34B |
| Investing Cash Flow | -1.39B | -789.20M | -801.07M | ― | -5.54B | -711.11M |
| Financing Cash Flow | -280.73M | 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$8.97B | 21.98 | 5.44% | 1.90% | -10.53% | 13.93% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | HK$4.99B | 17.94 | 1.16% | 0.76% | -14.11% | ― | |
49 Neutral | HK$31.90B | -8.84 | -8.13% | ― | -10.10% | 10.40% | |
47 Neutral | HK$14.57B | -4.80 | -12.42% | ― | -14.20% | 8.19% | |
41 Neutral | HK$25.23B | -3.97 | -8.39% | ― | -9.09% | 34.73% |
Chongqing Iron & Steel Co., Ltd. Class H Corporate Events
Chongqing Iron & Steel Co., Ltd. plans to issue up to 757,575,757 new A shares to Hwabao Investment, a subsidiary of its substantial shareholder China Baowu, at an issue price of RMB1.32 per share, raising up to RMB1 billion before expenses. The new shares will account for about 8.35% of the company’s A shares post-issuance and will be issued under a specific mandate subject to approvals from independent shareholders and separate class meetings of A and H shareholders, as required by Hong Kong listing rules. Following completion, China Baowu, Hwabao Investment and their concert parties are expected to control approximately 35.07% of the company’s total shares, increasing the influence of the state-owned group and constituting a connected transaction that triggers enhanced disclosure and independent shareholder approval requirements under the Hong Kong Listing Rules.
Chongqing Iron & Steel Company Limited has released details of its 2025 plan to issue A shares to specific investors, as disclosed on the Shanghai Stock Exchange, in accordance with PRC company and securities regulations. The announcement clarifies that certain net profit figures for 2025 and 2026, included to illustrate the impact of the share issuance on key financial indicators, constitute a profit forecast under Hong Kong’s Takeovers Code but were not prepared or reported under that code’s standards. As a result, the company warns shareholders and investors not to treat these figures as a forecast of future profitability and to exercise caution when assessing the proposed issuance and trading in its securities. Chongqing Iron & Steel has applied to the Securities and Futures Commission for, and received an indication it is minded to grant, a waiver from the formal reporting requirements of Rule 10 of the Takeovers Code on the grounds that the profit information is legally required in the PRC, illustrative only, and would be unduly burdensome to fully comply with Hong Kong requirements.
Chongqing Iron & Steel Company Limited has issued an overseas regulatory announcement in Hong Kong regarding a risk warning on the potential dilution of immediate returns arising from its planned issuance of A shares to specific target subscribers, together with related mitigation measures and commitments from relevant parties. The company disclosed profit-related information for 2025 and 2026 as required under PRC laws, but emphasized that these figures constitute illustrative scenarios rather than formal profit forecasts under Hong Kong’s Takeovers Code, and have neither been prepared nor reported on in accordance with that code. As a result, the firm has sought and received an indication from the Securities and Futures Commission’s Corporate Finance Division that it is minded to grant a waiver from the Takeovers Code’s reporting requirements, while advising shareholders and investors to exercise caution when interpreting the disclosed information and in making investment decisions regarding the company’s securities.
Chongqing Iron & Steel Co., Ltd. has announced the composition of its board of directors, detailing the roles and functions of each member. The board includes executive, non-executive, and independent non-executive directors, with specific members serving on four key committees: Strategy and ESG, Audit and Risk, Remuneration and Appraisal, and Nomination. This announcement reflects the company’s commitment to structured governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.
Chongqing Iron & Steel Co., Ltd. has announced the election of Mr. Chen Yingming as an employee director of the company’s board. Mr. Chen, who has extensive experience in steel production and management, will serve as an employee director, bringing his expertise in enterprise supply chain and democratic management to the board.
Chongqing Iron & Steel Co., Ltd. has revised its rules of procedures for general meetings to ensure compliance with relevant laws and regulations. The updated rules outline the requirements for convening, proposing, notifying, and holding general meetings, emphasizing the importance of legal compliance and shareholder rights. The revisions aim to enhance the company’s governance and operational transparency, potentially impacting its industry positioning and stakeholder relations.
Chongqing Iron & Steel Co., Ltd. has revised its board procedures to enhance decision-making and operational efficiency. The board will consist of nine directors, including independent and employee representative directors, and will oversee major investment projects and other corporate activities. The chairman will have specific powers to manage board meetings and supervise the implementation of board resolutions, ensuring the company’s strategic objectives are met.
Chongqing Iron & Steel Co., Ltd. announced the successful completion of its 2025 second extraordinary general meeting and class meetings for A and H shareholders, where most resolutions were passed. This development indicates a stable governance structure and active shareholder engagement, which could positively impact the company’s strategic initiatives and stakeholder confidence.
Chongqing Iron & Steel Co., Ltd. has announced the composition of its board of directors, detailing the roles and functions of each member. The board comprises executive, non-executive, and independent non-executive directors, with specific members assigned to four key committees: Strategy and Risk, Audit, Salary and Remuneration Review, and Nomination. This announcement highlights the company’s commitment to structured governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.
Chongqing Iron & Steel Co., Ltd. announced the resignation of Mr. Meng Wenwang from his roles as director, president, and member of the Strategy and Risk Committee due to work adjustments. His departure will not affect the board’s operations or quorum, and the company plans to elect a new director and appoint a new president following statutory procedures. Mr. Meng has no disagreements with the board or management, and the company expressed gratitude for his contributions.
Chongqing Iron & Steel Co., Ltd. has announced its 2025 second extraordinary general meeting to be held on November 26, 2025. The meeting will address key resolutions, including the appointment of an accounting firm for 2025, amendments to the Articles of Association, and the abolition of the supervisory committee. These changes could potentially streamline operations and impact governance structures, reflecting the company’s strategic adjustments to enhance efficiency and shareholder engagement.
Chongqing Iron & Steel Co., Ltd. has announced a 2025 first class meeting of H Shareholders to discuss and potentially approve amendments to the company’s Articles of Association. This meeting, scheduled for November 26, 2025, aims to address changes related to class shareholders, reflecting the company’s ongoing efforts to align its governance structure with strategic objectives, potentially impacting shareholder engagement and corporate decision-making processes.
Chongqing Iron & Steel Co., Ltd. has announced the closure of its register of members in preparation for its 2025 second extraordinary general meeting and first class meeting of H shareholders, scheduled for November 26, 2025. This closure is essential for determining the shareholders eligible to attend the meeting, which will address various resolutions impacting the company’s governance and strategic direction.
Chongqing Iron & Steel Co., Ltd. announced amendments to its Articles of Association and the abolition of its supervisory committee to enhance corporate governance and comply with new regulatory standards. The changes are driven by recent regulatory updates in China, which include the repeal of certain administrative regulations and the requirement for listed companies to establish an audit committee under the board of directors to perform the duties of the supervisory committee.
Chongqing Iron & Steel Co., Ltd. reported its third-quarter financial results for 2025, showing a revenue from operations of approximately RMB 6 billion, marking an 8.96% increase compared to the same period last year. However, the company faced challenges with a total profit loss of RMB 86.58 million and a net profit loss attributable to shareholders of RMB 87.31 million. Despite these setbacks, the company saw a significant improvement in its net cash flow from operating activities, which increased by 68.11% to RMB 1.83 billion, indicating strong operational cash management.
Chongqing Iron & Steel Co., Ltd. Class H has announced a change in its accounting firm for 2025. The company has appointed Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte CPA) as its new auditor. Deloitte CPA, with extensive experience in securities service business, is recognized for its strong investor protection capability and integrity record, despite minor regulatory measures in recent years. This change is expected to enhance the company’s financial auditing processes and maintain transparency for stakeholders.
Chongqing Iron & Steel Co., Ltd. has released its unaudited operating data for the third quarter of 2025, reporting a total production of 560.79 thousand tons and sales of 564.97 thousand tons across its major products. The announcement highlights the company’s operational performance and advises investors to exercise caution due to the unaudited nature of the data.
Chongqing Iron & Steel Co., Ltd. announced an estimated net loss for the first three quarters of 2025, ranging between RMB210 million to RMB230 million, marking a significant reduction in losses compared to the previous year. The improvement in financial performance is attributed to strategic initiatives in procurement cost reduction and sales profit growth, alongside enhanced risk resilience through cost reduction and efficiency improvements.
Chongqing Iron & Steel Co., Ltd. has announced a board meeting scheduled for October 30, 2025, to review and approve the unaudited third-quarter results for the nine months ending September 30, 2025. This meeting is crucial for stakeholders as it will provide insights into the company’s financial health and operational performance, potentially impacting its market positioning and investor confidence.