Last CNY3.37 CNY
Change Today +0.02 / 0.60%
Volume 7.3M
000898 On Other Exchanges
Hong Kong
As of 3:00 AM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

angang steel co ltd-a (000898) Snapshot

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08/5/14 - CNY3.69
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02/26/14 - CNY2.75
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angang steel co ltd-a (000898) Details

Angang Steel Company Limited is engaged in the production, processing, wholesale, and retail of steel and related products in China and internationally. Its steel products include hot rolled sheets, cold rolled sheets, galvanized steel sheets, color coating plates, silicon steel, medium and thick plates, wire rods, heavy sections, and seamless steel pipes. The company’s products are used in various industries, such as automobile, construction, ship-building, home electrical appliances, railway construction, and pipelines manufacturing. It also sells metal materials and building materials. The company was formerly known as Angang New Steel Company Limited and changed its name to Angang Steel Company Limited in June 2006. The company was founded in 1997 and is headquartered in Anshan, the People’s Republic of China. Angang Steel Company Limited is a subsidiary of Anshan Iron & Steel Group Complex.

Founded in 1997

angang steel co ltd-a (000898) Top Compensated Officers

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Executives, Board Directors

angang steel co ltd-a (000898) Key Developments

Angang Steel Company Limited Proposes Amendments to its Articles of Association

Angang Steel Company Limited announced that its EGM will be held on October 14, 2014, to consider and approve the proposed amendments to the scope of business and the Articles of Association of the company and that the Chairman of the board of Directors of the company, and any person duly authorized by him, be and is hereby authorized to arrange and execute all the procedures and matters in relation to the proposed amendments to the scope of business and the Articles of Association of the company.

Angang Steel Company Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

Angang Steel Company Limited reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported operating income of RMB 38,177 million compared to RMB 36,922 million a year ago. Operating profit was RMB 774 million compared to RMB 578 million a year ago. Profit before income tax was RMB 818 million compared to RMB 632 million a year ago. Net profit attributable to shareholders of parent company was RMB 577 million or RMB 0.080 per basic and diluted share compared to RMB 702 million or RMB 0.097 per basic and diluted share a year ago.

Kobe Steel and Angang Steel Establish Joint Venture Namely Kobelco Angang Auto Steel Co., Ltd. in China

Kobe Steel Ltd. and Angang Steel Company Limited established a joint venture called Kobelco Angang Auto Steel Co. Ltd. in China on August 1 to produce and sell advanced cold-rolled high-strength steel sheet for automobiles. The two parent companies signed an agreement on October 17, 2013 to form the joint venture. They subsequently undertook the necessary incorporation procedures to set up the new company. After receiving approval from the Chinese government, Kobe Steel and Angang were able to establish Kobelco Angang Auto Steel. Kobelco Angang Auto Steel will construct a continuous annealing line with a production capacity of 600,000 tons per year to make cold-rolled high-strength steel with a tensile strength of 590 MPa or higher. Angang will supply the joint venture with the substrate coils. Plans call for production to begin in early 2016. Total investments are anticipated to reach CNY 1.75 billion.


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Valuation 000898 Industry Range
Price/Earnings 38.3x
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow 32.4x
TEV/Sales NM Not Meaningful

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