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One of China's oldest and largest integrated steel producers, based in Anshan, Liaoning, making flat steel for autos, appliances and shipbuilding.
One of China's oldest and largest integrated steel producers, based in Anshan, Liaoning, making flat steel for autos, appliances and shipbuilding.
Makes steel from iron ore in blast furnaces and sells flat products at prices tied to China's steel market, so results swing with steel prices and ore and coking-coal costs. Long-term supply relationships with automakers and shipyards steady demand for its higher-grade sheet and plate. Ansteel Group, state-owned, controls it.
In one line: A giant Chinese integrated steel mill (like a Chinese US Steel, at far larger scale).
Moat: none (scale). Large scale and heritage brand, but commodity steel production in a chronically oversupplied industry.
Headquarters: Anshan, China · Founded: 1997 · Employees: 23,990
Size Angang Steel (000898.SZ) is a China Materials company (Steel) with a market value of $2.50B, the 1035th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.95 on 6 Nov 2026.
Performance Over six months the shares fell 14.8%, against -24.4% for the median peer and -16.4% for the China market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 6.0% over the last twelve months (peer median -0.9%); the operating margin is -7.1% (peer median 2.6%).
Valuation It trades at 0.46× book value against a peer median of 0.83× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 3.6%; Angang Steel delivers -14.1%, so the price asks more than the business earns today.
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥92.8B | CN¥96.0B | CN¥104B | CN¥115B | CN¥130B |
| Revenue growth | — | -8% | -9% | -12% | — |
| Gross profit | -CN¥159M | -CN¥1.64B | -CN¥4.90B | -CN¥1.62B | CN¥1.75B |
| EBITDA | n/a | CN¥10.0M | -CN¥3.41B | -CN¥516M | CN¥3.58B |
| Net income | -CN¥6.06B | -CN¥4.07B | -CN¥7.12B | -CN¥3.25B | CN¥108M |
| Free cash flow | -CN¥2.68B | -CN¥2.29B | -CN¥3.64B | -CN¥1.16B | CN¥2.20B |
| Capital expenditure | CN¥5.46B | CN¥4.63B | CN¥3.25B | CN¥3.06B | CN¥4.25B |
| Total debt | CN¥36.1B | CN¥34.2B | CN¥31.0B | CN¥24.5B | CN¥18.8B |
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 |
|---|---|---|---|---|---|---|
| Angang Steel 000898.SZ | $2.50B | -15% | -6% | -14% | 0.46× | 3.6% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 4% | 0.65× | 3.8% |
| HBIS 000709.SZ | $2.96B | -16% | -6% | 2% | 0.39× | 3.0% |
| Bengang Steel Plates 000761.SZ | $1.25B | -26% | -2% | -76% | 2.44× | 19.7% |
| Maanshan Iron & Steel 600808.SS | $2.32B | -41% | -4% | -2% | 0.73× | 5.4% |
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 | 000898.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.9% | -7.4% | 8th highest of 21 |
| 6-month return | -14.8% | -24.4% | 7th highest of 20 |
| Return on equity | -14.2% | 2.2% | lowest of 21 |
| Price / book | 0.46× | 0.83× | 3rd cheapest of 21 |
| ROE the price implies | 3.6% | 9.8% | 2nd least demanding of 21 |
| ROE delivered | -14.1% | 2.6% | lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| 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% |
| Sims SGM.AX | Australia | $2.62B | -11% | +7% | 9% | 1.42× | 17.2% | 9.4% |
| Aperam APAM.AS | Netherlands | $2.63B | -32% | -4% | 4% | 0.73× | 9.8% | 3.9% |
| 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% |
| Hyundai Steel 004020.KS | South Korea | $2.73B | -34% | +2% | 0% | 0.19× | 3.9% | n/a |
| Hangzhou Iron & Steel 600126.SS | China | $2.73B | -38% | -58% | -1% | 0.94× | 9.7% | -0.9% |
| Advanced Technology & Materials 000969.SZ | China | $2.28B | -32% | +37% | 8% | 2.53× | 25.5% | 7.8% |
| Zhejiang Jiuli Hi-Tech Metals 002318.SZ | China | $2.75B | -37% | -38% | 9% | 2.33× | 14.6% | 8.7% |
| Fujian Makeng Mining 601123.SS | China | $2.76B | n/a | -3% | 18% | 3.62× | 64.7% | n/a |
| Shanxi Taigang Stainless Steel 000825.SZ | China | $2.78B | -24% | +1% | -2% | 0.57× | 4.8% | -2.2% |
| Yongxing Special Materials Technology 002756.SZ | China | $2.88B | -59% | +30% | 11% | 1.37× | 14.9% | 11.4% |
| KIOCL KIOCL.NS | India | $2.15B | -18% | +27% | 1% | 11.72× | 157.0% | n/a |
| HBIS 000709.SZ | China | $2.96B | -16% | -6% | 2% | 0.39× | 3.0% | 1.7% |
| Xinxing Ductile Iron Pipes 000778.SZ | China | $2.05B | -24% | +15% | 3% | 0.52× | 3.7% | 2.6% |
| Outokumpu OUT1V.HE | Finland | $1.99B | -31% | -7% | -2% | 0.52× | 8.0% | -2.3% |
| Shandong Iron and Steel 600022.SS | China | $1.98B | -12% | -10% | -1% | 0.71× | 4.8% | -1.1% |
| Salzgitter SZG.DE | Germany | $3.29B | -14% | -6% | 1% | 0.59× | 9.1% | 1.3% |
| Worthington Steel WS | United States | $1.88B | -9% | +69% | -3% | 1.78× | 25.0% | -3.1% |