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Chongqing-based steel producer, restructured into the Baowu group after financial distress, making long and flat steel products.
Chongqing-based steel producer, restructured into the Baowu group after financial distress, making long and flat steel products.
Sells steel by the tonne at market-linked prices, so income follows the gap between steel prices and the cost of iron ore and coking coal, which it buys in. Long products (rebar, bars, wire rod) go mainly to construction; flat products (sheet and plate) go to machinery and manufacturing.
In one line: A mid-sized Chinese integrated steel mill that went through a debt restructuring.
Moat: none (scale). Commodity steel production in a chronically oversupplied Chinese industry with thin, cyclical margins.
Headquarters: Chongqing, China · Founded: 1938 · Employees: 5,204
Size Chongqing Iron & Steel (601005.SS) is a China Materials company (Steel) with a market value of $1.63B, the 1517th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.16 on 6 Nov 2026.
Performance Over six months the shares fell 17.1%, against -20.5% for the median peer and -16.4% for the China market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue fell 12.5% over the last twelve months (peer median +3.0%); the operating margin is -13.0% (peer median 6.0%).
Valuation It trades at 0.76× book value against a peer median of 1.33× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 5.7%; Chongqing Iron & Steel delivers -18.1%, 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¥22.5B | CN¥24.0B | CN¥27.2B | CN¥39.3B | CN¥36.6B |
| Revenue growth | — | -12% | -31% | +7% | — |
| Gross profit | CN¥1.22B | CN¥95.4M | -CN¥1.45B | -CN¥795M | -CN¥134M |
| EBITDA | n/a | CN¥1.57B | -CN¥268M | CN¥208M | CN¥682M |
| Net income | -CN¥2.81B | -CN¥2.72B | -CN¥3.20B | -CN¥1.49B | -CN¥1.02B |
| Free cash flow | -CN¥608M | CN¥660M | CN¥551M | CN¥213M | -CN¥1.19B |
| Capital expenditure | CN¥1.19B | CN¥997M | CN¥766M | CN¥816M | CN¥2.69B |
| Total debt | CN¥9.00B | CN¥9.27B | CN¥8.82B | CN¥8.19B | CN¥8.95B |
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 |
|---|---|---|---|---|---|---|
| Chongqing Iron & Steel 601005.SS | $1.63B | -17% | -12% | -18% | 0.76× | 5.7% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 4% | 0.65× | 3.8% |
| HBIS 000709.SZ | $2.96B | -16% | -6% | 2% | 0.39× | 3.0% |
| Hunan Valin Steel 000932.SZ | $3.49B | -27% | -7% | 1% | 0.43× | 3.1% |
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 | 601005.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.3% | -3.5% | 10th highest of 21 |
| 6-month return | -17.1% | -20.5% | 10th highest of 21 |
| Return on equity | -18.1% | 9.3% | lowest of 21 |
| Price / book | 0.76× | 1.33× | 4th cheapest of 21 |
| ROE the price implies | 5.7% | 12.4% | 5th least demanding of 21 |
| ROE delivered | -18.1% | 6.4% | lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Chongqing Iron & Steel 601005.SS | China | $1.63B | -17% | -12% | -18% | 0.76× | 5.7% | -18.1% |
| Sarda Energy & Minerals SARDAEN.NS | India | $1.63B | -27% | -2% | 15% | 1.90× | 26.3% | 14.8% |
| Jindal Saw JINDALSAW.NS | India | $1.70B | +4% | -1% | 4% | 1.27× | 13.8% | 4.4% |
| China Nonferrous Metal Industry's Foreign Engineering and Construction 000758.SZ | China | $1.72B | -17% | +42% | 12% | 1.74× | 18.2% | 12.1% |
| Sichuan Anning Iron and Titanium 002978.SZ | China | $1.72B | -22% | -10% | 6% | 1.28× | 11.6% | 6.4% |
| Suzhou Hesheng Special Material 002290.SZ | China | $1.51B | -50% | +1% | 19% | 9.22× | 93.6% | 18.9% |
| Godawari Power & Ispat GPIL.NS | India | $1.49B | -31% | +8% | 15% | 2.33× | 34.1% | n/a |
| Ratnamani Metals & Tubes RATNAMANI.NS | India | $1.83B | -13% | -16% | 12% | 4.19× | 41.6% | n/a |
| Tung Ho Steel Enterprise 2006.TW | Taiwan | $1.86B | +26% | -4% | 14% | 1.71× | 5.2% | n/a |
| Dalian Huarui Heavy Industry 002204.SZ | China | $1.43B | -28% | +5% | 8% | 1.15× | 7.0% | 8.3% |
| Ryerson RYZ | United States | $1.43B | +1% | +53% | 1% | 1.09× | 13.3% | 1.3% |
| Worthington Steel WS | United States | $1.88B | -9% | +69% | -3% | 1.78× | 25.0% | -3.1% |
| Fangda Special Steel Technology 600507.SS | China | $1.38B | -32% | +8% | 3% | 0.91× | 5.1% | 3.0% |
| Gallantt Ispat GALLANTT.NS | India | $1.36B | -38% | +6% | 12% | 3.70× | 74.8% | 12.4% |
| Shandong Iron and Steel 600022.SS | China | $1.98B | -12% | -10% | -1% | 0.71× | 4.8% | -1.1% |
| Outokumpu OUT1V.HE | Finland | $1.99B | -31% | -7% | -2% | 0.52× | 8.0% | -2.3% |
| HBIS Resources 000923.SZ | China | $1.33B | -19% | -5% | 0% | 0.91× | 7.2% | 0.0% |
| YODOKO 5451.T | Japan | $1.31B | +1% | -2% | 11% | 0.96× | 5.9% | 10.7% |
| Xinxing Ductile Iron Pipes 000778.SZ | China | $2.05B | -24% | +15% | 3% | 0.52× | 3.7% | 2.6% |
| Impro Precision Industries 1286.HK | Hong Kong | $1.30B | -52% | +20% | 13% | 1.51× | 9.3% | 13.4% |
| Yongjin Technology 603995.SS | China | $1.28B | +22% | +11% | 10% | 1.39× | 16.2% | 10.3% |