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Engineering/equipment arm of state-owned Sinosteel Group, building sintering, coking and pollution-control gear for steel mills.
Engineering/equipment arm of state-owned Sinosteel Group, building sintering, coking and pollution-control gear for steel mills.
Wins turnkey EPC (engineering, procurement and construction) contracts to build or upgrade steel plants, with its own equipment such as sintering machines supplied as part of the package, and records revenue as work advances. Orders depend on mill owners' investment cycles at home and in overseas projects.
Moat: narrow (process know-how, customer qualification). Long-standing ties inside the Sinosteel state group and an established steelmaking-equipment track record.
Headquarters: Beijing, China · Employees: 1,799
Size Sinosteel Engineering & Technology (000928.SZ) is a China Materials company (Industrial Specialties) with a market value of $1.22B, the 1942nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.66 on 6 Nov 2026.
Performance Over six months the shares fell 12.9%, against -7.4% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 3.5% over the last twelve months (peer median +9.2%); the operating margin is 4.9% (peer median 10.8%).
Valuation It trades at 11.9× forward earnings against a peer median of 15.1× (5th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about -16% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.2 points above its cost of capital (5.4% WACC).
Next results Next results expected around 22 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥14.7B | CN¥13.9B | CN¥17.6B | CN¥26.3B | CN¥18.7B |
| Revenue growth | — | -21% | -33% | +41% | — |
| Gross profit | CN¥1.85B | CN¥1.83B | CN¥2.47B | CN¥2.23B | CN¥1.66B |
| EBITDA | n/a | CN¥799M | CN¥1.39B | CN¥1.11B | CN¥996M |
| Net income | CN¥495M | CN¥485M | CN¥835M | CN¥761M | CN¥632M |
| Free cash flow | CN¥1.02B | CN¥1.34B | CN¥1.49B | CN¥1.38B | CN¥1.15B |
| Capital expenditure | CN¥52.4M | CN¥29.3M | CN¥14.5M | CN¥10.6M | CN¥22.8M |
| Total debt | CN¥4.23B | CN¥5.12B | CN¥5.10B | CN¥5.94B | CN¥7.05B |
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 |
|---|---|---|---|---|---|---|
| Sinosteel Engineering & Technology 000928.SZ | $1.22B | -13% | +4% | 5% | 11.9× | -15.6% |
| Metallurgical Corporation of China 601618.SS | $7.54B | -10% | -21% | -4% | 11.4× | -0.5% |
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 | 000928.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.0% | -9.4% | 2nd highest of 21 |
| 6-month return | -12.9% | -7.4% | 10th lowest of 21 |
| Distance from 52-week high | -24.3% | -24.1% | 11th highest of 21 |
| Revenue growth (TTM) | +3.5% | +9.2% | 6th lowest of 21 |
| Operating margin | 4.9% | 10.8% | 4th lowest of 21 |
| Forward P/E | 11.9× | 15.1× | 5th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | -15.6% | 5.0% | 2nd least demanding of 16 |
| Growth delivered (Del g) | -1.3% | +10.4% | 2nd lowest of 16 |
| Hurdle (Req g minus delivered) | -14.4 pp | -5.4 pp | 4th least demanding of 16 |
| ROIC minus cost of capital | +5.2 pp | +2.3 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sinosteel Engineering & Technology 000928.SZ | China | $1.22B | -13% | +4% | 5% | 11.9× | -15.6% | -1.3% |
| artience 4634.T | Japan | $1.25B | +18% | +7% | 6% | 9.3× | -3.9% | +6.3% |
| Nihon Parkerizing 4095.T | Japan | $1.26B | +16% | +5% | 12% | n/a | -1.6% | +6.7% |
| PCBL Chemical PCBL.NS | India | $1.16B | -8% | +6% | 8% | 23.5× | 27.6% | +25.1% |
| Fujimi 5384.T | Japan | $1.28B | -18% | +13% | 21% | 15.6× | n/a | n/a |
| Solar Applied Materials Technology 1785.TWO | Taiwan | $1.30B | -55% | +54% | 10% | n/a | -0.2% | +8.1% |
| Xinjiang Xuefeng Sci-Tech (Group) 603227.SS | China | $1.14B | -17% | -8% | 12% | 10.3× | -7.6% | +22.0% |
| JSW Dulux JSWDULUX.NS | India | $1.31B | +3% | -5% | 11% | 30.9× | n/a | n/a |
| Supreme Petrochem SPLPETRO.NS | India | $1.38B | -6% | +21% | 11% | 22.1× | 10.1% | +11.1% |
| Yangling Metron New Material 300861.SZ | China | $1.39B | -31% | +23% | 16% | 21.1× | 9.6% | +12.5% |
| Nitta 5186.T | Japan | $1.05B | +36% | +5% | 7% | 10.8× | 10.6% | +3.1% |
| Xinjiang Tianye 600075.SS | China | $1.04B | -41% | -10% | -3% | n/a | n/a | n/a |
| SK Kaken 4628.T | Japan | $1.04B | +2% | +9% | 13% | n/a | -19.4% | +5.2% |
| Chugoku Marine Paints,Ltd 4617.T | Japan | $1.04B | +4% | +10% | 13% | 12.8× | 0.0% | +11.1% |
| Luxin Venture Capital 600783.SS | China | $1.45B | -40% | +24% | -50% | n/a | 40.2% | -6.1% |
| Intco Recycling Resources 688087.SS | China | $1.01B | -25% | +29% | 12% | 22.0× | 0.5% | +15.8% |
| ZJMI Environmental Energy 603071.SS | China | $1.00B | -15% | -4% | 3% | 9.2× | n/a | n/a |
| ELANTAS Beck India ELANTAS.NS | India | $999M | +23% | +19% | 21% | n/a | 32.4% | +17.2% |
| Graphite India GRAPHITE.NS | India | $1.50B | 0% | +22% | 9% | 21.8× | n/a | n/a |
| Morgan Advanced Materials MGAM.L | United Kingdom | $981M | +22% | -6% | 9% | 14.6× | 9.4% | +1.8% |
| C. Uyemura & 4966.T | Japan | $1.54B | -34% | +16% | 23% | 14.0× | 5.0% | +10.4% |