Loading…
Iron-ore mining subsidiary of HBIS (Hesteel) Group, supplying ore to its parent's steel mills.
Iron-ore mining subsidiary of HBIS (Hesteel) Group, supplying ore to its parent's steel mills.
Sells most of its ore to steel mills of its parent HBIS, so volumes follow the group's steel output rather than open-market demand.
In one line: A captive Chinese iron-ore miner.
Moat: narrow (installed base). Ore is largely sold to parent HBIS mills, a captive but low-margin market.
Headquarters: Handan, China · Employees: 3,885
Size HBIS Resources (000923.SZ) is a China Materials company (Steel) with a market value of $1.33B, the 1816th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥13.62 on 6 Nov 2026.
Performance Over six months the shares fell 18.9%, against -26.4% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 4.8% over the last twelve months (peer median +5.5%); the operating margin is 0.4% (peer median 3.0%).
Valuation It trades at 52.4× forward earnings against a peer median of 23.4× (3rd most expensive of 12).
Capital Return on invested capital runs 6.2 points below its cost of capital (7.5% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥4.99B | CN¥5.84B | CN¥5.57B | CN¥5.85B | CN¥5.04B |
| Revenue growth | — | +5% | -5% | +16% | — |
| Gross profit | CN¥2.61B | CN¥3.49B | CN¥3.40B | CN¥3.67B | CN¥3.25B |
| EBITDA | n/a | CN¥986M | CN¥891M | CN¥1.72B | CN¥1.29B |
| Net income | CN¥3.59M | CN¥567M | CN¥566M | CN¥912M | CN¥666M |
| Free cash flow | -CN¥227M | -CN¥139M | -CN¥280M | CN¥651M | -CN¥133M |
| Capital expenditure | CN¥749M | CN¥1.21B | CN¥1.41B | CN¥894M | CN¥905M |
| Total debt | CN¥550M | CN¥649M | CN¥1.52M | CN¥3.09M | CN¥3.89M |
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 Resources 000923.SZ | $1.33B | -19% | -5% | 0% | 52.4× | 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% |
| Vale S.A. Sponsored ADR VALE | $45.4B | -30% | +11% | 25% | 7.7× | -14.0% |
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 | 000923.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.2% | -5.5% | 4th lowest of 21 |
| 6-month return | -18.9% | -26.4% | 8th highest of 20 |
| Distance from 52-week high | -49.5% | -41.8% | 4th lowest of 21 |
| Revenue growth (TTM) | -4.8% | +5.5% | 3rd lowest of 20 |
| Operating margin | 0.4% | 3.0% | 6th lowest of 20 |
| Forward P/E | 52.4× | 23.4× | 3rd most expensive of 12 |
| ROIC minus cost of capital | -6.2 pp | -4.1 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| HBIS Resources 000923.SZ | China | $1.33B | -19% | -5% | 0% | 52.4× | n/a | n/a |
| YODOKO 5451.T | Japan | $1.31B | +1% | -2% | 6% | n/a | 0.3% | +6.0% |
| Gallantt Ispat GALLANTT.NS | India | $1.36B | -38% | +6% | 11% | n/a | 39.6% | +16.0% |
| Impro Precision Industries 1286.HK | Hong Kong | $1.30B | -52% | +20% | 18% | 11.4× | -1.6% | +11.7% |
| Fangda Special Steel Technology 600507.SS | China | $1.38B | -32% | +8% | 3% | 23.4× | n/a | n/a |
| Yongjin Technology 603995.SS | China | $1.28B | +22% | +11% | 2% | 12.1× | n/a | n/a |
| Liuzhou Iron & Steel 601003.SS | China | $1.28B | -29% | 0% | 1% | 28.2× | -0.3% | +4.7% |
| Gansu Jiu Steel Group Hongxing Iron & Steel 600307.SS | China | $1.25B | -25% | -6% | -5% | n/a | n/a | n/a |
| Bengang Steel Plates 000761.SZ | China | $1.25B | -26% | -2% | -10% | n/a | n/a | n/a |
| Ryerson RYZ | United States | $1.43B | +1% | +53% | 1% | 10.6× | n/a | n/a |
| Dalian Huarui Heavy Industry 002204.SZ | China | $1.43B | -28% | +5% | 4% | n/a | -3.8% | +13.9% |
| NMDC Steel NSLNISP.NS | India | $1.23B | -10% | +42% | 3% | n/a | 20.8% | +41.6% |
| Fushun Special Steel 600399.SS | China | $1.22B | -25% | +6% | -5% | 102.8× | n/a | n/a |
| Beijing Lier High-Temperature Materials 002392.SZ | China | $1.20B | -29% | +16% | 4% | 14.7× | 15.4% | +10.2% |
| Xinyu Iron & Steel 600782.SS | China | $1.20B | -17% | -13% | -4% | n/a | n/a | n/a |
| Godawari Power & Ispat GPIL.NS | India | $1.49B | -31% | +8% | 19% | 12.5× | 21.7% | +6.3% |
| Guizhou Aviation Technical Development 688239.SS | China | $1.19B | -39% | +23% | 12% | 26.1× | 17.7% | +25.0% |
| Suzhou Hesheng Special Material 002290.SZ | China | $1.51B | -50% | +1% | 7% | 42.2× | 34.8% | +7.1% |
| Zhongnanhong Culture 002445.SZ | China | $1.17B | -7% | -1% | 1% | n/a | n/a | n/a |
| Tokyo Steel Manufacturing 5423.T | Japan | $1.17B | -1% | -1% | -1% | 53.7× | n/a | n/a |
| Vedanta Iron And Steel VISL.NS | India | $1.11B | n/a | n/a | n/a | n/a | n/a | n/a |