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Major Chinese state-owned steelmaker (Anshan Iron & Steel) producing flat and long steel products for construction and manufacturing.
Major Chinese state-owned steelmaker (Anshan Iron & Steel) producing flat and long steel products for construction and manufacturing.
Sells hot- and cold-rolled sheet and plate at prices tied to China's steel market, so results swing with steel prices and the cost of ore and coking coal. These H shares are the same company as the Shenzhen-listed 000898, and the state-owned Ansteel Group controls it.
In one line: A Chinese state-owned US Steel-scale steelmaker.
Moat: none (scale). Commodity steel producer; scale is the main edge in an oversupplied, cyclical industry.
Headquarters: Anshan, China · Founded: 1997 · Employees: 23,990
Size Angang Steel (0347.HK) is a Hong Kong Materials company (Steel) with a market value of $2.48B, the 381st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$1.01 on 6 Nov 2026.
Performance Over six months the shares fell 32.2%, against -24.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue fell 1.2% over the last twelve months (peer median -0.9%); the operating margin is -7.1% (peer median 2.6%).
Valuation It trades at 0.20× book value against a peer median of 0.83× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 4.6%; Angang Steel delivers -14.2%, 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 | HK$105B | HK$104B | HK$113B | HK$127B | HK$151B |
| Revenue growth | — | -8% | -11% | -16% | — |
| Gross profit | -HK$189M | -HK$1.77B | -HK$5.31B | -HK$1.79B | HK$2.04B |
| EBITDA | n/a | HK$10.8M | -HK$3.70B | -HK$570M | HK$4.17B |
| Net income | -HK$6.86B | -HK$4.41B | -HK$7.72B | -HK$3.60B | HK$126M |
| Free cash flow | -HK$2.97B | -HK$2.49B | -HK$3.94B | -HK$1.28B | HK$2.56B |
| Capital expenditure | HK$6.22B | HK$5.03B | HK$3.52B | HK$3.38B | HK$4.94B |
| Total debt | HK$42.3B | HK$38.1B | HK$33.0B | HK$27.0B | HK$21.1B |
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 0347.HK | $2.48B | -32% | -1% | -14% | 0.20× | 4.6% |
| Maanshan Iron & Steel 0323.HK | $2.27B | -50% | 0% | -2% | 0.35× | 5.5% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 4% | 0.65× | 3.8% |
| China Steel 2002.TW | $8.65B | 0% | -7% | -1% | 0.95× | 3.7% |
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 | 0347.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.3% | -7.4% | 11th highest of 21 |
| 6-month return | -32.2% | -24.4% | 8th lowest of 20 |
| Return on equity | -14.2% | 2.2% | lowest of 21 |
| Price / book | 0.20× | 0.83× | 2nd cheapest of 21 |
| ROE the price implies | 4.6% | 9.8% | 4th least demanding of 21 |
| ROE delivered | -14.2% | 2.6% | lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Angang Steel 0347.HK | Hong Kong | $2.48B | -32% | -1% | -14% | 0.20× | 4.6% | -14.2% |
| 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% |
| Advanced Technology & Materials 000969.SZ | China | $2.28B | -32% | +37% | 8% | 2.53× | 25.5% | 7.8% |
| 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% |
| 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% |
| KIOCL KIOCL.NS | India | $2.15B | -18% | +27% | 1% | 11.72× | 157.0% | n/a |
| Yongxing Special Materials Technology 002756.SZ | China | $2.88B | -59% | +30% | 11% | 1.37× | 14.9% | 11.4% |
| 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% |
| Worthington Steel WS | United States | $1.88B | -9% | +69% | -3% | 1.78× | 25.0% | -3.1% |
| Salzgitter SZG.DE | Germany | $3.29B | -14% | -6% | 1% | 0.59× | 9.1% | 1.3% |