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China's largest stainless-steel producer, making stainless sheet, plate and bar products for industrial and consumer use.
China's largest stainless-steel producer, making stainless sheet, plate and bar products for industrial and consumer use.
Makes stainless steel by melting nickel, chrome and scrap, so profit is the spread between steel prices and alloy costs, which swing with the nickel market. State-controlled and based in Taiyuan, Shanxi, it sells to appliance, equipment and building customers.
In one line: A Chinese Outokumpu/Aperam, at world-leading scale for stainless steel.
Moat: narrow (scale). World-leading stainless-steel production scale, though the product remains a global commodity.
Headquarters: Taiyuan, China · Founded: 1934 · Employees: 15,958
Size Shanxi Taigang Stainless Steel (000825.SZ) is a China Materials company (Steel) with a market value of $2.78B, the 923rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.25 on 6 Nov 2026.
Performance Over six months the shares fell 23.5%, against -26.7% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 1.0% over the last twelve months (peer median -2.4%); the operating margin is -1.1% (peer median 3.1%).
Valuation It trades at 0.57× book value against a peer median of 0.83× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 4.8%; Shanxi Taigang Stainless Steel delivers -2.2%, so the price asks more than the business earns today.
Next results Next results expected around 19 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥94.0B | CN¥90.4B | CN¥100B | CN¥105B | CN¥97.5B |
| Revenue growth | — | -10% | -5% | +8% | — |
| Gross profit | CN¥3.38B | CN¥1.51B | CN¥965M | CN¥187M | CN¥2.65B |
| EBITDA | n/a | CN¥3.47B | CN¥2.17B | CN¥1.41B | CN¥3.47B |
| Net income | -CN¥736M | CN¥51.5M | -CN¥981M | -CN¥1.08B | CN¥154M |
| Free cash flow | CN¥372M | CN¥1.35B | CN¥147M | -CN¥51.4M | CN¥1.58B |
| Capital expenditure | CN¥1.78B | CN¥1.79B | CN¥2.40B | CN¥3.36B | CN¥3.64B |
| Total debt | CN¥17.8B | CN¥17.0B | CN¥21.5B | CN¥18.8B | CN¥19.6B |
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 | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Shanxi Taigang Stainless Steel 000825.SZ | $2.78B | -24% | +1% | -2% | 0.57× | 4.8% |
| Outokumpu OUT1V.HE | $1.99B | -31% | -7% | -2% | 0.52× | 8.0% |
| Aperam APAM.AS | $2.63B | -32% | -4% | 4% | 0.73× | 9.8% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 4% | 0.65× | 3.8% |
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 | 000825.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.7% | -7.4% | 10th highest of 21 |
| 6-month return | -23.5% | -26.7% | 9th highest of 20 |
| Return on equity | -2.2% | 3.3% | 2nd lowest of 21 |
| Price / book | 0.57× | 0.83× | 7th cheapest of 21 |
| ROE the price implies | 4.8% | 9.4% | 8th least demanding of 21 |
| ROE delivered | -2.2% | 3.9% | 2nd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Shanxi Taigang Stainless Steel 000825.SZ | China | $2.78B | -24% | +1% | -2% | 0.57× | 4.8% | -2.2% |
| Fujian Makeng Mining 601123.SS | China | $2.76B | n/a | -3% | 18% | 3.62× | 64.7% | n/a |
| Zhejiang Jiuli Hi-Tech Metals 002318.SZ | China | $2.75B | -37% | -38% | 9% | 2.33× | 14.6% | 8.7% |
| Hangzhou Iron & Steel 600126.SS | China | $2.73B | -38% | -58% | -1% | 0.94× | 9.7% | -0.9% |
| Hyundai Steel 004020.KS | South Korea | $2.73B | -34% | +2% | 0% | 0.19× | 3.9% | n/a |
| Yongxing Special Materials Technology 002756.SZ | China | $2.88B | -59% | +30% | 11% | 1.37× | 14.9% | 11.4% |
| Aperam APAM.AS | Netherlands | $2.63B | -32% | -4% | 4% | 0.73× | 9.8% | 3.9% |
| Sims SGM.AX | Australia | $2.62B | -11% | +7% | 9% | 1.42× | 17.2% | 9.4% |
| HBIS 000709.SZ | China | $2.96B | -16% | -6% | 2% | 0.39× | 3.0% | 1.7% |
| Angang Steel 000898.SZ | China | $2.50B | -15% | -6% | -14% | 0.46× | 3.6% | -14.1% |
| Hainan Mining 601969.SS | China | $2.44B | -33% | +29% | 11% | 2.27× | 20.6% | 10.9% |
| Salzgitter SZG.DE | Germany | $3.29B | -14% | -6% | 1% | 0.59× | 9.1% | 1.3% |
| Alleima ALLEI.ST | Sweden | $2.32B | +9% | -5% | 6% | 1.31× | 13.1% | 6.1% |
| Maanshan Iron & Steel 600808.SS | China | $2.32B | -41% | -4% | -2% | 0.73× | 5.4% | -2.0% |
| Daido Steel 5471.T | Japan | $2.29B | -4% | +8% | 8% | 0.71× | 8.8% | 8.1% |
| Advanced Technology & Materials 000969.SZ | China | $2.28B | -32% | +37% | 8% | 2.53× | 25.5% | 7.8% |
| TA Chen Stainless Pipe 2027.TW | Taiwan | $3.46B | +21% | +24% | 17% | 1.34× | 4.4% | 17.0% |
| Hunan Valin Steel 000932.SZ | China | $3.49B | -27% | -7% | 1% | 0.43× | 3.1% | 0.6% |
| Beijing Shougang 000959.SZ | China | $3.50B | -34% | -2% | 1% | 0.46× | 4.5% | 0.7% |
| KIOCL KIOCL.NS | India | $2.15B | -18% | +27% | 1% | 11.72× | 157.0% | n/a |
| Xinxing Ductile Iron Pipes 000778.SZ | China | $2.05B | -24% | +15% | 3% | 0.52× | 3.7% | 2.6% |