Loading…
Steel producer originally Beijing's Capital Steel, now mainly operating at a relocated Hebei coastal steel base, part of Shougang Group.
Steel producer originally Beijing's Capital Steel, now mainly operating at a relocated Hebei coastal steel base, part of Shougang Group.
Sells steel by the tonne at market prices, so profit follows the steel cycle more than any contract. Output was moved out of Beijing to the Hebei coast as the capital pushed heavy industry out, and the state-owned Shougang Group controls the company.
In one line: A mid-sized Chinese integrated steel mill.
Moat: none (scale). Commodity steel production in a chronically oversupplied Chinese industry with thin, cyclical margins.
Headquarters: Beijing/Tangshan, China · Founded: 1919 · Employees: 18,293
Size Beijing Shougang (000959.SZ) is a China Materials company (Steel) with a market value of $3.50B, the 736th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.01 on 6 Nov 2026.
Performance Over six months the shares fell 34.0%, against -19.9% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue fell 2.1% over the last twelve months (peer median +0.5%); the operating margin is 1.1% (peer median 3.7%).
Valuation It trades at 27.4× forward earnings against a peer median of 13.6× (4th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points above its cost of capital (5.1% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥101B | CN¥103B | CN¥108B | CN¥114B | CN¥118B |
| Revenue growth | — | -5% | -5% | -4% | — |
| Gross profit | CN¥10.7B | CN¥4.68B | CN¥4.04B | CN¥4.83B | CN¥6.56B |
| EBITDA | n/a | CN¥10.1B | CN¥9.94B | CN¥10.3B | CN¥11.5B |
| Net income | CN¥331M | CN¥996M | CN¥479M | CN¥664M | CN¥1.12B |
| Free cash flow | CN¥3.35B | CN¥7.82B | CN¥6.15B | CN¥4.61B | CN¥7.62B |
| Capital expenditure | CN¥489M | CN¥357M | CN¥229M | CN¥1.77B | CN¥2.64B |
| Total debt | CN¥34.5B | CN¥39.9B | CN¥45.6B | CN¥45.8B | CN¥52.8B |
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 | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Beijing Shougang 000959.SZ | $3.50B | -34% | -2% | 1% | 27.4× | -9.7% |
| Angang Steel 000898.SZ | $2.50B | -15% | -6% | -7% | n/a | n/a |
| HBIS 000709.SZ | $2.96B | -16% | -6% | 5% | 12.2× | 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% |
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 | 000959.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.0% | -5.7% | 4th lowest of 21 |
| 6-month return | -34.0% | -19.9% | 4th lowest of 20 |
| Distance from 52-week high | -48.5% | -36.6% | 5th lowest of 21 |
| Revenue growth (TTM) | -2.1% | +0.5% | 10th lowest of 21 |
| Operating margin | 1.1% | 3.7% | 7th lowest of 21 |
| Forward P/E | 27.4× | 13.6× | 4th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -9.7% | 7.4% | 2nd least demanding of 16 |
| Growth delivered (Del g) | +5.2% | +6.1% | 8th lowest of 16 |
| Hurdle (Req g minus delivered) | -14.9 pp | +1.2 pp | 2nd least demanding of 16 |
| ROIC minus cost of capital | +1.2 pp | -2.8 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Shougang 000959.SZ | China | $3.50B | -34% | -2% | 1% | 27.4× | -9.7% | +5.2% |
| Hunan Valin Steel 000932.SZ | China | $3.49B | -27% | -7% | 1% | 20.0× | 6.4% | +0.9% |
| TA Chen Stainless Pipe 2027.TW | Taiwan | $3.46B | +21% | +24% | 18% | 8.0× | -10.1% | +11.4% |
| Salzgitter SZG.DE | Germany | $3.29B | -14% | -6% | -1% | 10.5× | n/a | n/a |
| 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% |
| Acerinox ACX.MC | Spain | $4.00B | +2% | 0% | 4% | 15.8× | 18.6% | +4.4% |
| HBIS 000709.SZ | China | $2.96B | -16% | -6% | 5% | 12.2× | n/a | n/a |
| Grupo Simec SAB de CV Sponsored ADR SIM | United States | $4.22B | +4% | +17% | 16% | 14.1× | -9.2% | -1.1% |
| 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% |
| Tube Investments of India TIINDIA.NS | India | $4.47B | -28% | +18% | 7% | 42.7× | n/a | n/a |
| 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% |
| Zhejiang Hailiang 002203.SZ | China | $4.53B | -23% | +10% | 2% | 17.6× | 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% |
| Kobe Steel 5406.T | Japan | $4.83B | 0% | -3% | 5% | 7.7× | -1.1% | +7.4% |
| Angang Steel 000898.SZ | China | $2.50B | -15% | -6% | -7% | n/a | n/a | n/a |