Chongqing Iron & Steel Co., Ltd. Class H (HK:1053)
:1053
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Chongqing Iron & Steel Co., Ltd. Class H
(1053)
Select Model
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Rating:44Neutral
Price Target:
HK$1.00
▼(-15.97% Downside)
Action:ReiteratedDate:04/02/26
The score is held down primarily by persistent losses, shrinking revenue, and very weak margins. Technicals add further pressure with the price below key moving averages and negative MACD. Balance sheet leverage and positive operating/free cash flow provide some offset, but not enough to outweigh the earnings deterioration.
Positive Factors
Consistent positive cash generation
The company generates positive operating cash flow every year and maintained positive free cash flow through 2023–2025. Durable cash generation supports working capital, capex needs and debt servicing even while earnings are weak, giving flexibility to invest or withstand cyclic steel downturns.
Negative Factors
Three-year revenue decline
Top-line contraction across multiple years signals structural demand or market-share pressure. Persistent revenue decline reduces scale economies, limits pricing power and constrains margin recovery potential, making it harder to return to sustainable profitability without a clear reversal in volumes or product mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent positive cash generation
The company generates positive operating cash flow every year and maintained positive free cash flow through 2023–2025. Durable cash generation supports working capital, capex needs and debt servicing even while earnings are weak, giving flexibility to invest or withstand cyclic steel downturns.
Read all positive factors
Chongqing Iron & Steel Co., Ltd. Class H (1053) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$13.74B
Dividend YieldN/A
Average Volume (3M)15.32M
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth-14.20%
EPS Growth8.19%
CountryHK
Employees5,506
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.31
Shares Outstanding538,127,260
10 Day Avg. Volume14,519,660
30 Day Avg. Volume15,315,259
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)0.67
Price to Sales (P/S)0.39
P/FCF Ratio14.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Chongqing Iron & Steel Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Chongqing Iron & Steel Company Limited, together with its subsidiaries, processes, produces, and sells steel plates and sections, wire rods, bar materials, and billets and thin plates in the People's Republic of China. The company is also involved...
How the Company Makes Money
The company primarily makes money by selling steel products it manufactures. Its core revenue stream is revenue from contracts with customers for finished steel products (i.e., the invoiced value of steel delivered to customers), with pricing and ...
Chongqing Iron & Steel Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 24.00B | 27.24B | 39.32B | 36.56B | 39.85B |
| Gross Profit | 196.91M | -1.36B | -882.18M | -30.86M | 3.90B |
| EBITDA | -763.64M | ― | 218.44M | 565.80M | 4.00B |
| Net Income | -2.72B | ― | ― | ― | 2.27B |
Balance Sheet | |||||
| Total Assets | 32.09B | 35.48B | 37.36B | 39.36B | 43.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.71B | 3.02B | 1.94B | 4.00B | 7.01B |
| Total Debt | 3.56B | 2.60B | 3.62B | 6.49B | 6.91B |
| Total Liabilities | 18.17B | 18.87B | 17.50B | 18.02B | 20.62B |
| Stockholders Equity | 13.91B | 16.61B | 19.85B | 21.34B | 22.38B |
Cash Flow | |||||
| Free Cash Flow | 651.67M | 543.78M | 205.66M | -1.22B | 730.11M |
| Operating Cash Flow | 1.65B | 1.31B | 1.02B | 1.47B | 5.62B |
| Investing Cash Flow | -1.63B | -789.20M | -801.07M | -2.11B | -5.54B |
| Financing Cash Flow | -893.79M | 459.92M | -2.33B | -1.25B | 1.05B |
Chongqing Iron & Steel Co., Ltd. Class H Technical Analysis
Negative
1.19
Price Trends
1.20
Negative
1.23
Negative
1.29
Negative
Market Momentum
-0.03
Positive
39.42
Neutral
22.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1053, the sentiment is Negative. The current price of 1.19 is above the 20-day moving average (MA) of 1.19, below the 50-day MA of 1.20, and below the 200-day MA of 1.29, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.42 is Neutral, neither overbought nor oversold. The STOCH value of 22.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1053.
Chongqing Iron & Steel Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$9.27B | 6.14 | 5.26% | 1.90% | -10.53% | 13.93% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | HK$4.76B | 11.95 | 0.70% | 0.76% | -14.11% | ― | |
46 Neutral | HK$29.44B | -15.06 | -0.88% | ― | -10.10% | 10.40% | |
44 Neutral | HK$22.80B | -3.91 | -8.87% | ― | -9.09% | 34.73% | |
44 Neutral | HK$13.74B | -3.42 | -17.20% | ― | -14.20% | 8.19% |
* Basic Materials Sector Average
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
1.12
0.38
51.35%
HK:0347
Angang Steel Co
1.51
0.12
8.63%
HK:0581
China Oriental Group Co
1.28
0.24
23.31%
HK:0323
Maanshan Iron & Steel Co
2.50
1.08
76.06%
HK:0826
Tiangong International Co. Ltd.
3.40
1.62
90.69%
Chongqing Iron & Steel Co., Ltd. Class H Corporate Events
Chongqing Iron & Steel Posts 2025 Loss and Skips Dividend Amid Negative Reserves
Mar 30, 2026
Chongqing Iron Steel Co., Ltd. reported audited net profit attributable to the parent of RMB -2,507 million for 2025, leaving unappropriated profit at a negative RMB -14,842 million at year-end, and the board has proposed no profit distribution o...
Chongqing Iron & Steel Unveils 2026 Plan to Lift Valuation and Shareholder Returns
Mar 30, 2026
Chongqing Iron Steel has approved a 2026 Valuation Improvement Plan and an Action Plan for Improving Quality and Efficiency and Increasing Returns, responding to regulatory requirements after its A‑share price traded below audited net asset...
Chongqing Iron & Steel Reports 2025 Output and Pricing Data
Mar 30, 2026
Chongqing Iron Steel Company Limited has disclosed its operating data for 2025, reporting total steel production of 7.1081 million tonnes and sales of 7.1199 million tonnes across its main product lines of medium plates, hot-rolled steel, and bil...
Chongqing Iron & Steel Books Heavy 2025 Asset Impairment, Cutting Profit by Over RMB2.4 Billion
Mar 30, 2026
Chongqing Iron Steel has approved a substantial asset impairment provision for 2025 after a comprehensive year-end review of its assets under Chinese accounting standards. The company assessed receivables, prepayments, inventories and long-term a...
Chongqing Iron & Steel Sets Board Meeting to Approve 2025 Annual Results
Mar 16, 2026
Chongqing Iron Steel Company Limited has scheduled a board meeting for 30 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The meeting will also address other potential matters, signaling the fort...
Chongqing Iron & Steel Shareholders Approve All Resolutions, Whitewash Waiver Granted
Mar 13, 2026
Chongqing Iron Steel Company Limited reported that its first extraordinary general meeting of 2026, along with separate class meetings for A shareholders and H shareholders, were held on 13 March 2026 in Chongqing, with all resolutions passed by ...
Chongqing Iron & Steel Sends Circular on Conditional A-Share Issue and Possible Cash Offer
Feb 25, 2026
Chongqing Iron Steel has despatched a detailed circular to shareholders outlining its proposed issuance of new A shares to a specific subscriber, a connected subscription by a substantial shareholder, and an associated whitewash waiver applicatio...
Chongqing Iron & Steel Calls EGM to Approve Targeted A-Share Issuance and Dividend Plan
Feb 24, 2026
Chongqing Iron Steel Co., Ltd. has convened its first extraordinary general meeting for 2026 to seek shareholder approval for a series of capital market and corporate governance resolutions, centered on an issuance of A shares to a specific targe...
Chongqing Iron & Steel Calls H Shareholder Meeting on Targeted A-Share Issuance
Feb 24, 2026
Chongqing Iron Steel Co., Ltd. has convened its first 2026 class meeting of H shareholders for March 13, 2026 in Chongqing to vote on a series of special resolutions related to a planned issuance of A shares to a specific target subscriber. The m...
Chongqing Iron & Steel Updates Investors on Delayed Circular for A-Share Issuance and Whitewash Waiver
Feb 9, 2026
Chongqing Iron Steel has provided a monthly update on its proposed issuance of new A shares to a specific substantial shareholder, alongside an associated whitewash waiver application under Hong Kong takeover rules. The company is finalising a ci...
Chongqing Iron & Steel Extends Circular Deadline for Conditional A-Share Deal
Feb 9, 2026
Chongqing Iron Steel Company Limited, a major Chinese steel manufacturer listed in Hong Kong, produces and supplies steel products to industrial users in the domestic market and beyond. It operates under the regulatory framework of the Hong Kong ...
Chongqing Iron & Steel Warns on 2025 Loss Estimate as Takeovers Code Compliance Lags
Jan 16, 2026
Chongqing Iron Steel Company Limited has issued a clarification regarding its previously announced 2025 loss estimate, in the context of an ongoing issuance of A shares to a specific subscriber and an associated whitewash waiver application. The ...
Chongqing Iron & Steel Flags Smaller but Still Heavy Loss for 2025 Amid Steel Market Pressures
Jan 15, 2026
Chongqing Iron Steel Company Limited has warned investors that it expects to post a net loss attributable to shareholders of between RMB2.5 billion and RMB2.8 billion for 2025, a narrower loss than the RMB3.196 billion reported a year earlier, wi...
Chongqing Iron & Steel Delays Circular on A-Share Subscription and Whitewash Waiver
Jan 9, 2026
Chongqing Iron Steel Company Limited has announced a delay in sending to shareholders a circular relating to a connected transaction under which a substantial shareholder will subscribe for new A shares, as well as an associated whitewash waiver....
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.
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