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One of China's largest integrated steel producers, based in Hebei, making flat and long steel for construction, autos and appliances.
One of China's largest integrated steel producers, based in Hebei, making flat and long steel for construction, autos and appliances.
Sells steel by the tonne at market-linked prices, so margins depend on the gap between steel prices and the cost of iron ore and coking coal. Its parent, HBIS Group, is owned by Hebei Province, and the push into higher-grade sheet for cars and appliances is aimed at earning more than plain construction steel.
In one line: A giant Chinese integrated steel mill (like a Chinese US Steel, at far larger scale).
Moat: none (scale). Massive scale but commodity steel production in a chronically oversupplied Chinese industry.
Headquarters: Shijiazhuang, China · Founded: 2008 · Employees: 30,605
Size HBIS (000709.SZ) is a China Materials company (Steel) with a market value of $2.96B, the 874th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.96 on 6 Nov 2026.
Performance Over six months the shares fell 15.9%, against -26.7% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 6.4% over the last twelve months (peer median -0.5%); the operating margin is 4.7% (peer median 3.1%).
Valuation It trades at 12.2× forward earnings against a peer median of 13.9× (8th cheapest of 18).
Capital Return on invested capital runs 0.9 points below its cost of capital (5.0% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥121B | CN¥118B | CN¥122B | CN¥123B | CN¥143B |
| Revenue growth | — | -3% | -1% | -14% | — |
| Gross profit | CN¥19.0B | CN¥11.7B | CN¥11.0B | CN¥11.7B | CN¥12.3B |
| EBITDA | n/a | CN¥14.3B | CN¥13.7B | CN¥13.5B | CN¥13.4B |
| Net income | CN¥874M | CN¥1.00B | CN¥707M | CN¥1.08B | CN¥1.39B |
| Free cash flow | -CN¥4.18B | -CN¥6.17B | -CN¥9.56B | -CN¥5.45B | -CN¥12.3B |
| Capital expenditure | CN¥14.3B | CN¥16.6B | CN¥19.0B | CN¥17.6B | CN¥21.3B |
| Total debt | CN¥185B | CN¥182B | CN¥176B | CN¥171B | CN¥153B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| HBIS 000709.SZ | $2.96B | -16% | -6% | 5% | 12.2× | n/a |
| Angang Steel 000898.SZ | $2.50B | -15% | -6% | -7% | n/a | n/a |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 3% | 14.4× | -9.6% |
| Shandong Iron and Steel 600022.SS | $1.98B | -12% | -10% | n/a | 12.6× | 1.3% |
| Beijing Shougang 000959.SZ | $3.50B | -34% | -2% | 1% | 27.4× | -9.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000709.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | -8.1% | 4th highest of 21 |
| 6-month return | -15.9% | -26.7% | 8th highest of 20 |
| Distance from 52-week high | -27.9% | -43.3% | 5th highest of 21 |
| Revenue growth (TTM) | -6.4% | -0.5% | 4th lowest of 21 |
| Operating margin | 4.7% | 3.1% | 8th highest of 21 |
| Forward P/E | 12.2× | 13.9× | 8th cheapest of 18 |
| ROIC minus cost of capital | -0.9 pp | -2.8 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HBIS 000709.SZ | China | $2.96B | -16% | -6% | 5% | 12.2× | n/a | n/a |
| Yongxing Special Materials Technology 002756.SZ | China | $2.88B | -59% | +30% | 16% | 11.2× | -2.3% | +8.4% |
| Shanxi Taigang Stainless Steel 000825.SZ | China | $2.78B | -24% | +1% | -1% | 65.0× | 7.4% | +6.1% |
| Fujian Makeng Mining 601123.SS | China | $2.76B | n/a | -3% | 41% | n/a | 29.1% | -1.0% |
| Zhejiang Jiuli Hi-Tech Metals 002318.SZ | China | $2.75B | -37% | -38% | 4% | 25.9× | 15.4% | +19.5% |
| Hangzhou Iron & Steel 600126.SS | China | $2.73B | -38% | -58% | -1% | n/a | 19.3% | +9.8% |
| Hyundai Steel 004020.KS | South Korea | $2.73B | -34% | +2% | 1% | 74.3× | -1.2% | +4.8% |
| Salzgitter SZG.DE | Germany | $3.29B | -14% | -6% | -1% | 10.5× | n/a | n/a |
| Aperam APAM.AS | Netherlands | $2.63B | -32% | -4% | 2% | 13.6× | 12.9% | +10.9% |
| Sims SGM.AX | Australia | $2.62B | -11% | +7% | 4% | 10.5× | 14.6% | +6.2% |
| TA Chen Stainless Pipe 2027.TW | Taiwan | $3.46B | +21% | +24% | 18% | 8.0× | -10.1% | +11.4% |
| Hunan Valin Steel 000932.SZ | China | $3.49B | -27% | -7% | 1% | 20.0× | 6.4% | +0.9% |
| Beijing Shougang 000959.SZ | China | $3.50B | -34% | -2% | 1% | 27.4× | -9.7% | +5.2% |
| Angang Steel 000898.SZ | China | $2.50B | -15% | -6% | -7% | n/a | n/a | n/a |
| Hainan Mining 601969.SS | China | $2.44B | -33% | +29% | 17% | 13.9× | 0.8% | +9.9% |
| Alleima ALLEI.ST | Sweden | $2.32B | +9% | -5% | 7% | 21.5× | 12.9% | +0.4% |
| Maanshan Iron & Steel 600808.SS | China | $2.32B | -41% | -4% | 0% | 38.0× | 0.3% | -1.0% |
| Daido Steel 5471.T | Japan | $2.29B | -4% | +8% | 7% | 10.8× | 8.8% | +7.0% |
| Advanced Technology & Materials 000969.SZ | China | $2.28B | -32% | +37% | 5% | 40.2× | 16.2% | +9.8% |
| Yamato Kogyo 5444.T | Japan | $3.88B | -13% | +1% | 2% | 10.3× | 24.2% | +3.4% |
| Nanjing Iron & Steel 600282.SS | China | $3.99B | -20% | +12% | 5% | 9.5× | -4.2% | +1.8% |