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Qinghai-based regional steelmaker producing special and flat steel products for construction and manufacturing.
Qinghai-based regional steelmaker producing special and flat steel products for construction and manufacturing.
Moat: none (scale). Commodity regional steel; margins track input costs and local demand.
Headquarters: Xining, China · Employees: 3,931
Size Xining Special Steel (600117.SS) is a China Materials company (Steel) with a market value of $976M, the 2339th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.00 on 6 Nov 2026.
Performance Over six months the shares fell 23.4%, against -22.8% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 0.3% over the last twelve months (peer median +4.6%); the operating margin is -21.4% (peer median 5.2%).
Valuation It trades at 2.08× book value against a peer median of 1.83× (9th most expensive of 21).
Price implies The share price implies a return on equity of about 16.4%; Xining Special Steel delivers -27.7%, so the price asks more than the business earns today.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥5.92B | CN¥5.91B | CN¥5.64B | CN¥4.86B | CN¥7.74B |
| Revenue growth | — | +5% | +16% | -37% | — |
| Gross profit | -CN¥796M | -CN¥451M | -CN¥516M | -CN¥845M | -CN¥150M |
| EBITDA | -CN¥718M | -CN¥461M | -CN¥227M | -CN¥703M | -CN¥401M |
| Net income | -CN¥988M | -CN¥900M | -CN¥863M | CN¥1.69B | -CN¥1.15B |
| Free cash flow | -CN¥178M | CN¥28.6M | -CN¥143M | -CN¥391M | CN¥309M |
| Capital expenditure | CN¥40.9M | CN¥44.4M | CN¥31.5M | CN¥30.7M | CN¥81.6M |
| Total debt | CN¥2.18B | CN¥3.60B | CN¥3.42B | CN¥3.68B | CN¥11.8B |
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 |
|---|---|---|---|---|---|---|
| Xining Special Steel 600117.SS | $976M | -23% | 0% | -28% | 2.08× | 16.4% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 4% | 0.65× | 3.8% |
| Hunan Valin Steel 000932.SZ | $3.49B | -27% | -7% | 1% | 0.43× | 3.1% |
| Fangda Special Steel Technology 600507.SS | $1.38B | -32% | +8% | 3% | 0.91× | 5.1% |
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 | 600117.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.4% | -6.5% | 10th lowest of 21 |
| 6-month return | -23.4% | -22.8% | 9th lowest of 20 |
| Return on equity | -27.6% | 4.6% | lowest of 20 |
| Price / book | 2.08× | 1.83× | 9th most expensive of 21 |
| ROE the price implies | 16.4% | 12.4% | 6th most demanding of 21 |
| ROE delivered | -27.7% | 4.6% | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Xining Special Steel 600117.SS | China | $976M | -23% | 0% | -28% | 2.08× | 16.4% | -27.7% |
| Hanza HANZA.ST | Sweden | $978M | -11% | +72% | 12% | 2.21× | 23.1% | 12.5% |
| Labrador Iron Ore Royalty LIF.TO | Canada | $981M | -23% | -15% | 12% | 2.18× | 12.9% | 12.1% |
| Aichi Steel 5482.T | Japan | $970M | -17% | +4% | 5% | 0.64× | 6.4% | 4.8% |
| Companhia Siderurgica Nacional Sponsored ADR SID | United States | $984M | -38% | +9% | -20% | 0.48× | 8.0% | -20.4% |
| Sansteel MinGuang Co., Ltd., Fujian 002110.SZ | China | $993M | -20% | -7% | -4% | 0.36× | 3.4% | -4.1% |
| Zhejiang Jingu 002488.SZ | China | $939M | -45% | +11% | 1% | 1.92× | 15.3% | 1.4% |
| Tianjin You Fa Steel Pipe Group Stock 601686.SS | China | $1.03B | -15% | -2% | 5% | 1.00× | 6.6% | 5.5% |
| Jayaswal Neco Industries JAYNECOIND.NS | India | $920M | -22% | +18% | 23% | 2.62× | 40.8% | 23.4% |
| Jiangsu Longda Superalloy 688231.SS | China | $919M | -34% | +54% | 5% | 2.12× | 22.3% | 4.6% |
| Hengong Precision Equipment 301261.SZ | China | $1.04B | -9% | +34% | 9% | 4.11× | 27.6% | 8.9% |
| RongFa Nuclear Equipment 002366.SZ | China | $898M | -29% | -15% | -2% | 2.41× | 13.1% | -1.7% |
| BRC Asia BEC.SI | Singapore | $894M | -9% | +23% | 21% | 2.15× | 6.4% | 20.7% |
| Xinjiang Baodi Mining 601121.SS | China | $887M | -23% | +23% | 7% | 1.32× | 9.4% | 6.8% |
| ZhongHe Shangda Aeronautic Materials 301522.SZ | China | $1.09B | -39% | +5% | 4% | 3.74× | 43.3% | 4.1% |
| BCI Minerals BCI.AX | Australia | $1.09B | +45% | n/a | 2% | 1.88× | 16.3% | 2.4% |
| Jiangsu Shagang 002075.SZ | China | $1.09B | -25% | -4% | 4% | 1.10× | 8.5% | 3.8% |
| TSP Wind Power 300129.SZ | China | $1.10B | -42% | -26% | 0% | 1.29× | 11.8% | 0.2% |
| Feng Hsin Steel 2015.TW | Taiwan | $1.11B | +4% | -12% | 11% | 1.62× | 6.9% | 11.0% |
| Vedanta Iron And Steel VISL.NS | India | $1.11B | n/a | n/a | n/a | 1.79× | 14.4% | n/a |
| Jiangsu Changbao Steel Tube 002478.SZ | China | $847M | -40% | +2% | 4% | 0.80× | 6.3% | 4.0% |