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Liaoning-based special-steel maker of bearing, tool and superalloy steel for machinery, auto and aerospace uses.
Liaoning-based special-steel maker of bearing, tool and superalloy steel for machinery, auto and aerospace uses.
Sells special steel by the tonne at prices set above ordinary steel according to grade, with high-temperature alloys and bearing steel needing customer approval for each grade before volumes ramp. Raw-material and electricity costs matter, and demand leans on machinery, auto and aerospace production.
In one line: A small, bearing/tool-steel focused Carpenter Technology.
Moat: narrow (process know-how, customer qualification). Specialty-steel grades require customer qualification, some pricing power over commodity steel.
Headquarters: Fushun, China · Employees: 6,521
Size Fushun Special Steel (600399.SS) is a China Materials company (Steel) with a market value of $1.22B, the 1947th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.11 on 6 Nov 2026.
Performance Over six months the shares fell 24.9%, against -24.8% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 6.4% over the last twelve months (peer median -1.0%); the operating margin is -4.7% (peer median 1.4%).
Valuation It trades at 1.56× book value against a peer median of 1.45× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 13.3%; Fushun Special Steel delivers -11.2%, so the price asks more than the business earns today.
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥8.30B | CN¥7.78B | CN¥8.47B | CN¥8.57B | CN¥7.80B |
| Revenue growth | — | -8% | -1% | +10% | — |
| Gross profit | CN¥680M | CN¥1.08M | CN¥1.02B | CN¥1.10B | CN¥1.10B |
| EBITDA | n/a | -CN¥246M | CN¥670M | CN¥701M | CN¥595M |
| Net income | -CN¥612M | -CN¥805M | CN¥112M | CN¥362M | CN¥196M |
| Free cash flow | -CN¥1.44B | -CN¥1.70B | -CN¥806M | -CN¥496M | -CN¥261M |
| Capital expenditure | CN¥228M | CN¥338M | CN¥446M | CN¥695M | CN¥339M |
| Total debt | CN¥5.15B | CN¥4.60B | CN¥4.40B | CN¥3.79B | CN¥3.63B |
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 |
|---|---|---|---|---|---|---|
| Fushun Special Steel 600399.SS | $1.22B | -25% | +6% | -11% | 1.56× | 13.3% |
| Citic Pacific Special Steel 000708.SZ | $9.52B | -18% | 0% | 13% | 1.43× | 8.8% |
| Jiangsu Longda Superalloy 688231.SS | $919M | -34% | +54% | 5% | 2.12× | 22.3% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 4% | 0.65× | 3.8% |
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 | 600399.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.4% | -6.9% | 7th highest of 21 |
| 6-month return | -24.9% | -24.8% | 10th lowest of 20 |
| Return on equity | -11.2% | 3.8% | 3rd lowest of 20 |
| Price / book | 1.56× | 1.45× | 10th most expensive of 21 |
| ROE the price implies | 13.3% | 11.8% | 10th most demanding of 21 |
| ROE delivered | -11.2% | 3.9% | 3rd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Fushun Special Steel 600399.SS | China | $1.22B | -25% | +6% | -11% | 1.56× | 13.3% | -11.2% |
| NMDC Steel NSLNISP.NS | India | $1.23B | -10% | +42% | 0% | 0.88× | 15.6% | n/a |
| Beijing Lier High-Temperature Materials 002392.SZ | China | $1.20B | -29% | +16% | 9% | 1.25× | 11.7% | 8.8% |
| Xinyu Iron & Steel 600782.SS | China | $1.20B | -17% | -13% | -4% | 0.32× | 2.3% | -4.4% |
| Guizhou Aviation Technical Development 688239.SS | China | $1.19B | -39% | +23% | 11% | 3.54× | 30.1% | 10.7% |
| Bengang Steel Plates 000761.SZ | China | $1.25B | -26% | -2% | -76% | 2.44× | 19.7% | -76.3% |
| Gansu Jiu Steel Group Hongxing Iron & Steel 600307.SS | China | $1.25B | -25% | -6% | -41% | 1.82× | 10.9% | -40.9% |
| Zhongnanhong Culture 002445.SZ | China | $1.17B | -7% | -1% | 1% | 3.37× | 19.1% | 1.2% |
| Tokyo Steel Manufacturing 5423.T | Japan | $1.17B | -1% | -1% | 4% | 0.78× | 4.5% | 4.4% |
| Liuzhou Iron & Steel 601003.SS | China | $1.28B | -29% | 0% | 0% | 0.93× | 6.7% | 0.5% |
| Yongjin Technology 603995.SS | China | $1.28B | +22% | +11% | 10% | 1.39× | 16.2% | 10.3% |
| Impro Precision Industries 1286.HK | Hong Kong | $1.30B | -52% | +20% | 13% | 1.51× | 9.3% | 13.4% |
| YODOKO 5451.T | Japan | $1.31B | +1% | -2% | 11% | 0.96× | 5.9% | 10.7% |
| Vedanta Iron And Steel VISL.NS | India | $1.11B | n/a | n/a | n/a | 1.79× | 14.4% | n/a |
| HBIS Resources 000923.SZ | China | $1.33B | -19% | -5% | 0% | 0.91× | 7.2% | 0.0% |
| Feng Hsin Steel 2015.TW | Taiwan | $1.11B | +4% | -12% | 11% | 1.62× | 6.9% | 11.0% |
| TSP Wind Power 300129.SZ | China | $1.10B | -42% | -26% | 0% | 1.29× | 11.8% | 0.2% |
| Jiangsu Shagang 002075.SZ | China | $1.09B | -25% | -4% | 4% | 1.10× | 8.5% | 3.8% |
| BCI Minerals BCI.AX | Australia | $1.09B | +45% | n/a | 2% | 1.88× | 16.3% | 2.4% |
| ZhongHe Shangda Aeronautic Materials 301522.SZ | China | $1.09B | -39% | +5% | 4% | 3.74× | 43.3% | 4.1% |
| Gallantt Ispat GALLANTT.NS | India | $1.36B | -38% | +6% | 12% | 3.70× | 74.8% | 12.4% |