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Regional Chinese steelmaker in Guangxi producing long and flat steel for construction and manufacturing.
Regional Chinese steelmaker in Guangxi producing long and flat steel for construction and manufacturing.
Buys iron ore and coking coal and sells steel at market prices, so what it keeps is the gap between the two. Rebar and wire rod for building carry it, sold mainly in Guangxi and neighbouring provinces. It is controlled by a state-owned steel group.
Moat: none (scale). Commodity steel; profitability tracks iron-ore/coking-coal spreads and regional demand.
Headquarters: Liuzhou, China · Employees: 12,356
Size Liuzhou Iron & Steel (601003.SS) is a China Materials company (Steel) with a market value of $1.28B, the 1872nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥3.24 on 6 Nov 2026.
Performance Over six months the shares fell 29.1%, against -24.9% for the median peer and -16.4% for the China market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue fell 0.4% over the last twelve months (peer median +5.0%); the operating margin is 1.4% (peer median 1.4%).
Valuation It trades at 28.2× forward earnings against a peer median of 23.4× (5th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.2 points below its cost of capital (5.0% WACC).
Next results Next results expected around 23 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥67.5B | CN¥68.9B | CN¥70.1B | CN¥79.6B | CN¥80.7B |
| Revenue growth | — | -2% | -12% | -1% | — |
| Gross profit | CN¥5.02B | CN¥3.69B | CN¥2.39B | CN¥1.42B | -CN¥962M |
| EBITDA | n/a | CN¥5.28B | CN¥2.82B | CN¥2.06B | -CN¥463M |
| Net income | CN¥43.6M | CN¥671M | -CN¥433M | -CN¥1.01B | -CN¥2.34B |
| Free cash flow | CN¥1.51B | CN¥3.24B | CN¥394M | -CN¥1.57B | CN¥4.74B |
| Capital expenditure | CN¥938M | CN¥1.23B | CN¥2.20B | CN¥1.82B | CN¥1.86B |
| Total debt | CN¥27.5B | CN¥27.9B | CN¥32.4B | CN¥34.1B | CN¥34.3B |
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 |
|---|---|---|---|---|---|---|
| Liuzhou Iron & Steel 601003.SS | $1.28B | -29% | 0% | 1% | 28.2× | -0.3% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 3% | 14.4× | -9.6% |
| Angang Steel 000898.SZ | $2.50B | -15% | -6% | -7% | n/a | n/a |
| Hunan Valin Steel 000932.SZ | $3.49B | -27% | -7% | 1% | 20.0× | 6.4% |
| Nanjing Iron & Steel 600282.SS | $3.99B | -20% | +12% | 5% | 9.5× | -4.2% |
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 | 601003.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.2% | -5.5% | 6th lowest of 21 |
| 6-month return | -29.1% | -24.9% | 6th lowest of 20 |
| Distance from 52-week high | -44.1% | -41.8% | 9th lowest of 21 |
| Revenue growth (TTM) | -0.4% | +5.0% | 10th lowest of 20 |
| Operating margin | 1.4% | 1.4% | 10th lowest of 20 |
| Forward P/E | 28.2× | 23.4× | 5th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | -0.3% | 12.3% | 3rd least demanding of 9 |
| Growth delivered (Del g) | +4.7% | +12.8% | 2nd lowest of 9 |
| Hurdle (Req g minus delivered) | -5.0 pp | -6.5 pp | 4th most demanding of 9 |
| ROIC minus cost of capital | -0.2 pp | -5.4 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Liuzhou Iron & Steel 601003.SS | China | $1.28B | -29% | 0% | 1% | 28.2× | -0.3% | +4.7% |
| Yongjin Technology 603995.SS | China | $1.28B | +22% | +11% | 2% | 12.1× | n/a | n/a |
| Impro Precision Industries 1286.HK | Hong Kong | $1.30B | -52% | +20% | 18% | 11.4× | -1.6% | +11.7% |
| YODOKO 5451.T | Japan | $1.31B | +1% | -2% | 6% | n/a | 0.3% | +6.0% |
| Gansu Jiu Steel Group Hongxing Iron & Steel 600307.SS | China | $1.25B | -25% | -6% | -5% | n/a | n/a | n/a |
| Bengang Steel Plates 000761.SZ | China | $1.25B | -26% | -2% | -10% | n/a | n/a | n/a |
| HBIS Resources 000923.SZ | China | $1.33B | -19% | -5% | 0% | 52.4× | n/a | n/a |
| NMDC Steel NSLNISP.NS | India | $1.23B | -10% | +42% | 3% | n/a | 20.8% | +41.6% |
| Fushun Special Steel 600399.SS | China | $1.22B | -25% | +6% | -5% | 102.8× | n/a | n/a |
| Beijing Lier High-Temperature Materials 002392.SZ | China | $1.20B | -29% | +16% | 4% | 14.7× | 15.4% | +10.2% |
| Gallantt Ispat GALLANTT.NS | India | $1.36B | -38% | +6% | 11% | n/a | 39.6% | +16.0% |
| Xinyu Iron & Steel 600782.SS | China | $1.20B | -17% | -13% | -4% | n/a | n/a | n/a |
| Guizhou Aviation Technical Development 688239.SS | China | $1.19B | -39% | +23% | 12% | 26.1× | 17.7% | +25.0% |
| Fangda Special Steel Technology 600507.SS | China | $1.38B | -32% | +8% | 3% | 23.4× | n/a | n/a |
| Zhongnanhong Culture 002445.SZ | China | $1.17B | -7% | -1% | 1% | n/a | n/a | n/a |
| Tokyo Steel Manufacturing 5423.T | Japan | $1.17B | -1% | -1% | -1% | 53.7× | n/a | n/a |
| Ryerson RYZ | United States | $1.43B | +1% | +53% | 1% | 10.6× | n/a | n/a |
| Dalian Huarui Heavy Industry 002204.SZ | China | $1.43B | -28% | +5% | 4% | n/a | -3.8% | +13.9% |
| Vedanta Iron And Steel VISL.NS | India | $1.11B | n/a | n/a | n/a | n/a | n/a | n/a |
| Feng Hsin Steel 2015.TW | Taiwan | $1.11B | +4% | -12% | 0% | 14.5× | 9.2% | +1.2% |
| TSP Wind Power 300129.SZ | China | $1.10B | -42% | -26% | 1% | 35.8× | n/a | n/a |