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Angang Steel Co
(0347)
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Rating:45Neutral
Price Target:
HK$1.00
â–¼(-15.25% 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
Revenue rebound
The strong TTM revenue rebound indicates renewed shipment or pricing support across the steel portfolio. Sustained top-line recovery could improve fixed-cost absorption and operating leverage if product spreads and demand remain adequate.
Negative Factors
Persistent unprofitability
The revenue rebound has not translated into profits, indicating weak spreads, cost absorption, or product economics. Continued losses reduce retained capital and suggest that earnings recovery depends on a durable improvement in pricing and cost control.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The strong TTM revenue rebound indicates renewed shipment or pricing support across the steel portfolio. Sustained top-line recovery could improve fixed-cost absorption and operating leverage if product spreads and demand remain adequate.
Read all positive factors
Angang Steel Co (0347) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$20.67B
Dividend Yield0.38%
Average Volume (3M)4.74M
Price to Earnings (P/E)―
Beta (1Y)1.65
Revenue Growth-1.22%
EPS Growth8.37%
CountryHK
Employees23,990
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.53
Shares Outstanding1,411,540,000
10 Day Avg. Volume4,765,517
30 Day Avg. Volume4,736,831
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$1.11Price Target Upside-5.93% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-0.53
Revenue Forecast (FY)HK$95.63B
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 | -4.12B | 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 | 53.22B | 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
1.16
Negative
1.26
Negative
1.57
Negative
Market Momentum
>-0.01
Positive
47.05
Neutral
23.33
Neutral
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 1.15, above the 50-day MA of 1.16, and below the 200-day MA of 1.57, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.05 is Neutral, neither overbought nor oversold. The STOCH value of 23.33 is Neutral, 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$659.38M | 6.01 | 7.76% | 7.89% | -35.49% | -32.38% | |
62 Neutral | HK$232.56M | 1.68 | 7.82% | 2.39% | -39.70% | -51.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | HK$1.09B | 31.67 | 1.78% | 3.72% | 12.73% | 69.04% | |
48 Neutral | HK$20.98B | -97.36 | -0.85% | 1.64% | 3.33% | 94.10% | |
45 Neutral | HK$20.67B | -3.82 | -11.45% | 0.38% | -1.22% | 8.37% | |
44 Neutral | HK$13.20B | -3.87 | -18.85% | 6.49% | -6.57% | -6.67% |
* Basic Materials Sector Average
HK:0347
Angang Steel Co
1.15
-1.04
-47.49%
HK:0323
Maanshan Iron & Steel Co
1.75
-0.79
-31.30%
HK:0103
Shougang Concord Century Holding Ltd.
2.10
-1.54
-42.37%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.90
-0.44
-32.71%
HK:1553
Maike Tube Industry Holdings Limited
1.52
0.11
7.80%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.22
-0.24
-51.52%
Angang Steel Co Corporate Events
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...
Angang Steel Warns of Major First-Half 2026 Loss After Port Acquisition
Jul 13, 2026
Angang Steel has issued a profit warning for the six months ended 30 June 2026, indicating a sharp deterioration in results versus a year earlier. The Group expects to post a net loss attributable to shareholders of about RMB 2.047 billion, compar...
Angang Steel Consolidates 80% Stake in Yingkou Port After Asset-Based Valuation
Jul 2, 2026
Angang Steel Co. has completed the acquisition and registration of an 80% equity interest in Angang Yingkou Port, making the port operator a non-wholly owned subsidiary whose financial results will now be consolidated into the group accounts. This...
Angang Steel Shareholders Approve Resolution at First 2026 Extraordinary Meeting
Jun 29, 2026
Angang Steel Co. reported that its first extraordinary shareholders’ meeting of 2026, held on 29 June in Anshan, was duly convened in compliance with relevant laws and the company’s articles of association. The meeting was chaired by c...
Angang Steel calls extraordinary meeting to approve new executive pay system
Jun 8, 2026
Angang Steel Company Limited has convened its first extraordinary shareholders’ meeting of 2026 for 29 June in Anshan, where investors will vote on a proposed Remuneration Management System for directors and senior management. The initiative...
Angang Steel Wins Full Shareholder Backing at 2025 AGM
May 29, 2026
Angang Steel Co. reported that its 2025 annual general meeting was duly convened on May 29, 2026 in Anshan, with the session chaired by executive director Tian Yong and attended by members of the board in compliance with Chinese corporate governan...
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.