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Shougang Concord Century Holding Ltd.
(0103)
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Rating:52Neutral
Price Target:
HK$1.50
▼(-51.92% Downside)
Action:Reiterated
Date:10/06/26
Overall score reflects stable but modest fundamentals: manageable leverage and steady revenue are offset by thin operating profitability and notably weakened/volatile free cash flow. Technicals further weigh on the score because the stock is trading below key moving averages with weak momentum. Valuation is mixed, with a decent dividend yield but a high P/E relative to the company’s low margins and cash conversion.
Positive Factors
Manageable leverage
Moderate leverage and an equity base that has built over time provide a relatively stable financial foundation. This should preserve some capacity to manage operating volatility and support ongoing business needs, although the benefit is tempered by the company’s low profitability.
Negative Factors
Thin operating profitability
Very low operating margins leave limited protection against changes in selling prices, input costs, or production efficiency. This makes earnings structurally sensitive to industry conditions and means even modest operational pressure could materially reduce profits over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Moderate leverage and an equity base that has built over time provide a relatively stable financial foundation. This should preserve some capacity to manage operating volatility and support ongoing business needs, although the benefit is tempered by the company’s low profitability.
Read all positive factors
Shougang Concord Century Holding Ltd. (0103) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.01B
Dividend Yield4.01%
Average Volume (3M)165.11K
Price to Earnings (P/E)29.5
Beta (1Y)0.38
Revenue Growth12.73%
EPS Growth69.04%
CountryHK
Employees2,594
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)0.07
Shares Outstanding519,152,950
10 Day Avg. Volume169,460
30 Day Avg. Volume165,113
Financial Highlights & Ratios
PEG Ratio0.67
Price to Book (P/B)0.80
Price to Sales (P/S)0.64
P/FCF Ratio98.21
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
Shougang Concord Century Holding Ltd. Business Overview & Revenue Model
Company Description
Shougang Century Holdings Limited, an investment holding company, engages in the manufacture and sale of steel cords for radial tyres in the People's Republic of China. The company also manufactures and sells sawing and hose wires under the Easter...
How the Company Makes Money
The company primarily makes money by manufacturing and selling steel cord and other steel wire products to downstream industrial customers, especially tyre manufacturers that use steel cord as a key reinforcement input for radial tyres. Revenue is...
Shougang Concord Century Holding Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
66
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.59B | 2.42B | 2.40B | 2.49B | 2.46B | 2.69B |
| Gross Profit | 381.77M | 371.60M | 325.57M | 374.17M | 330.54M | 414.55M |
| EBITDA | 104.65M | 104.23M | 132.08M | 190.41M | 189.18M | 220.37M |
| Net Income | 34.62M | 54.24M | 31.65M | 62.51M | 47.86M | 80.88M |
Balance Sheet | ||||||
| Total Assets | 4.11B | 3.79B | 3.46B | 3.31B | 3.33B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 541.12M | 604.32M | 374.21M | 77.64M | 145.81M | 73.49M |
| Total Debt | 754.21M | 709.12M | 587.87M | 487.98M | 588.36M | 690.65M |
| Total Liabilities | 2.17B | 1.85B | 1.68B | 1.62B | 1.67B | 2.24B |
| Stockholders Equity | 1.95B | 1.94B | 1.79B | 1.69B | 1.66B | 1.73B |
Cash Flow | ||||||
| Free Cash Flow | -94.89M | 15.87M | 109.20M | -4.94M | 46.86M | 132.54M |
| Operating Cash Flow | 175.56M | 114.93M | 162.00M | 147.48M | 179.37M | 275.59M |
| Investing Cash Flow | -274.86M | -87.45M | -52.02M | -85.78M | -25.53M | -243.91M |
| Financing Cash Flow | -46.86M | 158.46M | 193.12M | -126.96M | -72.20M | -53.83M |
Shougang Concord Century Holding Ltd. Technical Analysis
Positive
3.12
Price Trends
1.91
Positive
1.85
Positive
2.14
Negative
Market Momentum
-0.02
Negative
61.35
Neutral
89.73
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0103, the sentiment is Positive. The current price of 3.12 is above the 20-day moving average (MA) of 1.74, above the 50-day MA of 1.91, and above the 200-day MA of 2.14, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 61.35 is Neutral, neither overbought nor oversold. The STOCH value of 89.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0103.
Shougang Concord Century Holding Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | HK$169.87M | 1.21 | 7.82% | 2.39% | -39.70% | -51.97% | |
52 Neutral | HK$1.01B | 29.47 | 1.78% | 4.01% | 12.73% | 69.04% | |
48 Neutral | HK$6.62B | 13.28 | 5.64% | 2.38% | 7.88% | 16.03% | |
45 Neutral | HK$17.76B | -35.95 | -1.96% | 1.64% | 0.33% | 76.02% | |
44 Neutral | HK$12.61B | -3.67 | -18.85% | 6.49% | -6.57% | -6.67% | |
40 Underperform | HK$18.92B | -3.49 | -14.44% | 0.38% | -1.18% | -55.60% |
* Basic Materials Sector Average
HK:0103
Shougang Concord Century Holding Ltd.
1.95
-1.79
-47.87%
HK:0347
Angang Steel Co
1.00
-1.03
-50.99%
HK:0323
Maanshan Iron & Steel Co
1.32
-1.23
-48.24%
HK:0826
Tiangong International Co. Ltd.
2.43
-0.50
-16.95%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.79
-0.57
-41.91%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.17
-0.13
-44.00%
Shougang Concord Century Holding Ltd. Corporate Events
Shougang Century Plans Joint Venture in Sustainable Tyre Reinforcement Materials
Aug 17, 2026
Shougang Century Holdings has signed a non‑binding cooperation framework agreement with HONG KONG BMC (EUROPE I) Limited, the controlling shareholder of German industrial rayon producer Cordenka, to explore forming a joint venture in tyre re...
Shougang Century’s Interim Profit Falls Despite Revenue Growth
Aug 14, 2026
Shougang Century Holdings reported unaudited interim results for the six months ended 30 June 2026, with revenue rising to HK$1.32 billion from HK$1.16 billion a year earlier and gross profit improving modestly to HK$176.2 million. However, higher...
Shougang Century Sets August Board Meeting for Interim Results and Dividend Review
Aug 4, 2026
Shougang Century Holdings Limited has scheduled a board meeting in Hong Kong on 14 August 2026 to review and approve the interim financial results for the six months ended 30 June 2026. The agenda also includes consideration of an interim dividend...
Shougang Century Flags Up to 70% Profit Drop on Steel Cord Price Cuts
Jul 31, 2026
Shougang Century Holdings Limited has warned that its profit after tax for the six months ended 30 June 2026 will drop by about 50% to 70% from the HK$29.75 million recorded a year earlier. Management attributes the sharp decline mainly to intense...
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.