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Angang Steel Co
(0347)
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Rating:45Neutral
Price Target:
HK$0.97
â–¼(-17.80% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily held down by weak financial performance: persistent losses with negative margins, rising leverage, and negative free cash flow despite improved operating cash flow. Technical indicators are mixed/neutral (some near-term support but still below longer-term averages), and valuation is constrained by negative earnings (negative P/E) with no dividend yield data to offset risk.
Positive Factors
Integrated value chain
Angang Steel operates across the steelmaking value chain, from upstream processing through production and finishing. This integration can support operating coordination, product breadth and more control over conversion activities, providing a durable platform for serving construction, machinery and automotive customers.
Negative Factors
Persistent losses
Angang Steel remains loss-making across the gross, operating and net profit levels, with a TTM net margin near -5.3%. Continued losses weaken retained capital and indicate that the revenue rebound has not yet translated into sustainable pricing power, premium product economics or adequate cost absorption.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated value chain
Angang Steel operates across the steelmaking value chain, from upstream processing through production and finishing. This integration can support operating coordination, product breadth and more control over conversion activities, providing a durable platform for serving construction, machinery and automotive customers.
Read all positive factors
Angang Steel Co (0347) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$18.92B
Dividend Yield0.38%
Average Volume (3M)5.48M
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue Growth-1.18%
EPS Growth-55.60%
CountryHK
Employees23,990
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.53
Shares Outstanding1,411,540,000
10 Day Avg. Volume5,768,554
30 Day Avg. Volume5,480,617
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$1.00Price Target Upside-15.25% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)-0.55
Revenue Forecast (FY)HK$94.29B
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 main revenue stream comes from sales of finished steel (e.g., flat steel and long steel products) to industrial customers and distributors, with realized revenue drive...
Angang Steel Co Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
45
Neutral
Cash Flow
36
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.05B | 96.05B | 105.10B | 113.50B | 131.07B | 136.67B |
| Gross Profit | -2.42B | -1.20B | -3.72B | -535.00M | 3.05B | 13.24B |
| EBITDA | -3.02B | 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 | 97.45B | 96.05B | 100.58B | 97.01B | 96.94B | 97.53B |
| Cash, Cash Equivalents and Short-Term Investments | 5.80B | 3.93B | 4.56B | 3.22B | 5.09B | 5.38B |
| Total Debt | 37.92B | 14.23B | 12.29B | 6.83B | 6.96B | 6.71B |
| Total Liabilities | 54.36B | 51.06B | 51.91B | 41.62B | 38.14B | 37.33B |
| Stockholders Equity | 41.63B | 43.88B | 47.68B | 54.76B | 58.14B | 59.67B |
Cash Flow | ||||||
| Free Cash Flow | -1.56B | -2.85B | -4.04B | -1.48B | 1.89B | 8.33B |
| Operating Cash Flow | 3.48B | 1.79B | -787.00M | 1.58B | 6.14B | 12.85B |
| Investing Cash Flow | -4.86B | -3.90B | -3.73B | -2.95B | -3.97B | -4.17B |
| Financing Cash Flow | 3.34B | 1.47B | 5.74B | -534.00M | -2.48B | -8.63B |
Angang Steel Co Technical Analysis
Negative
1.18
Price Trends
1.12
Negative
1.14
Negative
1.41
Negative
Market Momentum
-0.03
Positive
31.85
Neutral
8.46
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0347, the sentiment is Negative. The current price of 1.18 is above the 20-day moving average (MA) of 1.06, above the 50-day MA of 1.12, and below the 200-day MA of 1.41, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 31.85 is Neutral, neither overbought nor oversold. The STOCH value of 8.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$616.00M | 5.56 | 7.76% | 7.57% | -35.49% | -32.38% | |
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$17.76B | -35.95 | -1.96% | 1.64% | 0.33% | 76.02% | |
45 Neutral | HK$18.92B | -3.49 | -14.44% | 0.38% | -1.18% | -55.60% | |
44 Neutral | HK$12.61B | -3.67 | -18.85% | 6.49% | -6.57% | -6.67% |
* Basic Materials Sector Average
HK:0347
Angang Steel Co
1.00
-1.03
-50.99%
HK:0323
Maanshan Iron & Steel Co
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Shougang Concord Century Holding Ltd.
1.95
-1.79
-47.87%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.79
-0.57
-41.91%
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Maike Tube Industry Holdings Limited
1.42
-0.03
-2.07%
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Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.17
-0.13
-44.00%
Angang Steel Co Corporate Events
Angang Steel Affirms Integrity of Unaudited Third-Quarter 2026 Results
Oct 29, 2026
Angang Steel Company Limited has released its unaudited consolidated results for the nine months ended 30 September 2026, prepared under PRC Accounting Standards and disclosed simultaneously in Hong Kong and Shenzhen in line with local listing and...
Angang Steel Proposes Two New Independent Non-Executive Directors
Oct 29, 2026
Angang Steel has proposed the appointment of Ms. Meng Xiangyun and Mr. Yuan Sentai as independent non-executive directors for the tenth session of its board, with their nominations subject to approval by the Shenzhen Stock Exchange and shareholder...
Angang Steel Shareholders Approve All Resolutions at Second 2026 Extraordinary Meeting
Oct 16, 2026
Angang Steel Co. held its second extraordinary shareholders’ meeting of 2026 on 16 October in Anshan, Liaoning, under the chairmanship of executive director Tian Yong. The meeting was conducted in compliance with Chinese laws, regulatory req...
Angang Steel Reshapes Finance Leadership as Executive Director Resigns
Oct 15, 2026
Angang Steel Company Limited has announced the resignation of Mr. Li Jingdong from multiple key roles, including executive director, deputy general manager, chief accountant, secretary to the board, joint company secretary and authorized represent...
Angang Steel Sets Out Board Composition and Committee Roles
Oct 15, 2026
Angang Steel Company Limited has detailed the current composition of its board of directors, which includes executive, non-executive, independent non-executive and employee representatives led by Chairman Wang Jun. The announcement reinforces the ...
Angang Steel Schedules Board Meeting to Review Nine-Month Results
Oct 14, 2026
Angang Steel Company Limited has scheduled a board meeting for 29 October 2026 to review and consider approval of the financial results for the nine months ended 30 September 2026. The forthcoming discussion of the year-to-date performance will pr...
Angang Steel Calls October ESM to Amend Articles and Authorize New Debt Issuance
Sep 23, 2026
Angang Steel has called a second extraordinary shareholders’ meeting for 16 October 2026 in Anshan, where investors will vote on proposed amendments to the company’s Articles of Association. Shareholders will also consider authorizing ...
Angang Steel Expands Registered Business Scope and Updates Articles of Association
Sep 18, 2026
Angang Steel plans to revise its articles of association to expand and refine its officially registered business scope in line with operational needs and new licensing requirements. The proposed changes add business lines such as tap water and hea...
Angang Steel Posts Interim Loss Despite Strong Revenue in First Half of 2026
Aug 27, 2026
Angang Steel Co., a key player in China’s steel industry, operates through an integrated group structure anchored by Angang Group and Anshan Iron Steel, with formal frameworks governing commodity supply, services, and financial support amon...
Angang Steel Seeks RMB10 Billion PDFI Quota and Extends Existing Debt Issuance Approvals
Aug 27, 2026
Angang Steel plans to extend the shareholder-approved issuance period for its existing interbank market debt financing instruments, including ultra-short-term financing bills, short-term financing bills and medium-term notes, to align with the val...
Angang Steel to Hold Online Briefing on 2026 Interim Results
Aug 27, 2026
Angang Steel Company Limited will release its interim results for the six months ended 30 June 2026 on 27 August 2026, and will hold a dedicated results briefing on 31 August 2026. The online session, hosted via the Panorama investor relation inte...
Angang Steel Sets August Board Meeting to Approve Interim Results
Aug 12, 2026
Angang Steel Company Limited has scheduled a board meeting for 27 August 2026 to review and approve the consolidated financial results for the six months ended 30 June 2026. The forthcoming interim results will provide investors and other stakehol...
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.