Last $4.94 HKD
Change Today -0.05 / -1.00%
Volume 124.0K
As of 9:58 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

angang steel co ltd-h (347) Snapshot

Open
$5.00
Previous Close
$4.99
Day High
$5.05
Day Low
$4.94
52 Week High
12/4/13 - $6.04
52 Week Low
07/9/13 - $3.61
Market Cap
29.4B
Average Volume 10 Days
13.4M
EPS TTM
$0.11
Shares Outstanding
1.1B
EX-Date
--
P/E TM
37.2x
Dividend
$0.03
Dividend Yield
--
Current Stock Chart for ANGANG STEEL CO LTD-H (347)

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angang steel co ltd-h (347) Details

Angang Steel Company Limited engages in the production, processing, wholesale, and retail of steel and related products in China and internationally. The company’s 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, seamless steel pipes, billets, color coated sheets, rolled hot dip galvanized steel products, alloyed steel plates, strip products, and structural steel products. Its products are used in various industries, such as automobile, construction, ship-building, home electrical appliances, railway construction, and pipelines manufacturing industries. The company is also involved in ferrous metal smelting, and steel pressing and processing; producing steel rolling co-products and metallurgy parts; and providing steel related services. In addition, it offers metallurgy equipment technology advisory services and technological services, as well as engages in the import and export business. 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-h (347) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

angang steel co ltd-h (347) Key Developments

Angang Steel Company Limited Announces Withdrawal Of Delisting Risk Alert On A Shares

Angang Steel Company Limited announced commencement date of the withdrawal of delisting risk alert is April 10, 2014 on A shares. After the withdrawal of delisting risk alert, the daily fluctuation range of the company’s A shares will change from 5% to 10%. Ruihua Certified Public Accountants (Special General Partnership) has audited the financial statements of the company for 2013 and issued a standard unqualified audit report. As being audited, the net asset attributable to the shareholders of the company as at December 31, 2013 amounted to RMB 47,026 million, the operating revenue for the year 2013 amounted to RMB 75,329 million, and the net profit attributable to the shareholders of the company amounted to RMB 770 million. The principal businesses of the company are now operating normally. Pursuant to the relevant requirements under Rules 13.2.1 and 13.2.9 of the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange (Revised in 2012), none of the indicators such as the audited net profit, net assets and operating revenue of the company for year 2013 meets the criteria for special treatment of delisting risk alert, nor do they concern other circumstances under the said rules. Meanwhile, the company has no other circumstances in respect of risk alert as specified under the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange (Revised in 2012). Pursuant to the audited results of the company for 2013 and relevant provisions of the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange (Revised in 2012), following the consideration and approval by the fifteenth meeting of the sixth session of the board of the company, the company submitted an application for the withdrawal of the delisting risk alert to Shenzhen Stock Exchange on March 31, 2014. On April 8, 2014, as considered and approved by Shenzhen Stock Exchange, the delisting risk alert on trading of the company’s shares will be withdrawn from April 10, 2014. Pursuant to Rule 13.2.16 of the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange (Revised in 2012), A shares of the company will be suspended from trading for one day on April 9, 2014, and will resume normal trading on April 10, 2014. The daily fluctuation range of the company’s A shares will return to 10%.

Angang Steel Company Limited Proposes Amendments to Articles of Association

Angang Steel Company Limited proposed amendments to the company's articles of association, at the AGM to be held on June 4, 2014.

Angang Steel Company Limited Proposes Cash Dividend for the Year 2013

The board of Angang Steel Company Limited proposed to distribute cash dividend of RMB 0.027 per share (including tax) to shareholders for the year of 2013, which amounts to RMB 195 million of the distributable profits. Upon implementing such proposal, distributable profits of RMB 4,859 million will remain. This proposal shall be subject to consideration at the forthcoming 2013 annual general meeting.

 

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Industry Analysis

347

Industry Average

Valuation 347 Industry Range
Price/Earnings 28.9x
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow 24.5x
TEV/Sales NM Not Meaningful
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