Declared Dividend • May 17
Dividend of CN¥0.45 announced Shareholders will receive a dividend of CN¥0.45. Ex-date: 21st May 2026 Payment date: 21st May 2026 Dividend yield will be 4.4%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: CN¥0.30 (vs CN¥0.27 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.30 (up from CN¥0.27 in 1Q 2025). Revenue: CN¥26.5b (down 1.3% from 1Q 2025). Net income: CN¥1.51b (up 9.2% from 1Q 2025). Profit margin: 5.7% (up from 5.2% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 1% per year. Annuncio • Mar 31
Citic Pacific Special Steel Group Co., Ltd to Report Q1, 2026 Results on Apr 23, 2026 Citic Pacific Special Steel Group Co., Ltd announced that they will report Q1, 2026 results on Apr 23, 2026 New Risk • Mar 18
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 17
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: CN¥1.17 (up from CN¥1.02 in FY 2024). Revenue: CN¥107.4b (down 1.7% from FY 2024). Net income: CN¥5.93b (up 16% from FY 2024). Profit margin: 5.5% (up from 4.7% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 4.1%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Annuncio • Mar 16
Citic Pacific Special Steel Group Co., Ltd, Annual General Meeting, Apr 09, 2026 Citic Pacific Special Steel Group Co., Ltd, Annual General Meeting, Apr 09, 2026, at 14:30 China Standard Time. Location: The Company's Meeting Room, Jiangyin, Jiangsu China Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥18.03, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 25x in the Metals and Mining industry in China. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥28.69 per share. Annuncio • Dec 31
Citic Pacific Special Steel Group Co., Ltd to Report Fiscal Year 2025 Results on Mar 17, 2026 Citic Pacific Special Steel Group Co., Ltd announced that they will report fiscal year 2025 results on Mar 17, 2026 Price Target Changed • Oct 26
Price target increased by 11% to CN¥19.29 Up from CN¥17.42, the current price target is provided by 1 analyst. New target price is 37% above last closing price of CN¥14.06. Stock is up 12% over the past year. The company is forecast to post earnings per share of CN¥1.12 for next year compared to CN¥1.02 last year. Reported Earnings • Oct 25
Third quarter 2025 earnings released: EPS: CN¥0.31 (vs CN¥0.22 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.31 (up from CN¥0.22 in 3Q 2024). Revenue: CN¥26.5b (flat on 3Q 2024). Net income: CN¥1.53b (up 38% from 3Q 2024). Profit margin: 5.8% (up from 4.2% in 3Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 08
Upcoming dividend of CN¥0.20 per share Eligible shareholders must have bought the stock before 15 October 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 2.9%. Within top quartile of Chinese dividend payers (1.9%). Higher than average of industry peers (1.5%). Annuncio • Sep 30
Citic Pacific Special Steel Group Co., Ltd to Report Q3, 2025 Results on Oct 25, 2025 Citic Pacific Special Steel Group Co., Ltd announced that they will report Q3, 2025 results on Oct 25, 2025 Annuncio • Sep 03
Citic Pacific Special Steel Group Co., Ltd Approves Interim Cash Dividend for the Year 2025 Citic Pacific Special Steel Group Co. Ltd. held its 3rd Extraordinary General Meeting of 2025 on 01 September 2025, approved interim Cash dividend (tax included) of CNY 2.00000000 per 10 shares for the year 2025. Annuncio • Aug 21
Citic Pacific Special Steel Group Co., Ltd Proposes Interim Dividend for the Yea R2025 Citic Pacific Special Steel Group Co. Ltd. at its third Extraordinary General Meeting of 2025, proposed interim profit distribution plan of CNY 2.00000000 per 10 shares (tax included) for the year 2025.
. Reported Earnings • Aug 20
Second quarter 2025 earnings released: EPS: CN¥0.28 (vs CN¥0.27 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.28 (up from CN¥0.27 in 2Q 2024). Revenue: CN¥27.9b (down 2.5% from 2Q 2024). Net income: CN¥1.41b (up 3.6% from 2Q 2024). Profit margin: 5.1% (up from 4.8% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year. Annuncio • Jul 02
Citic Pacific Special Steel Group Co., Ltd to Report First Half, 2025 Results on Aug 20, 2025 Citic Pacific Special Steel Group Co., Ltd announced that they will report first half, 2025 results on Aug 20, 2025 Declared Dividend • May 05
Dividend reduced to CN¥0.51 Dividend of CN¥0.51 is 10% lower than last year. Ex-date: 9th May 2025 Payment date: 9th May 2025 Dividend yield will be 4.3%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
First quarter 2025 earnings released: EPS: CN¥0.27 (vs CN¥0.27 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.27 (up from CN¥0.27 in 1Q 2024). Revenue: CN¥26.8b (down 5.6% from 1Q 2024). Net income: CN¥1.38b (up 1.8% from 1Q 2024). Profit margin: 5.2% (up from 4.8% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 14% per year. Annuncio • Apr 12
Citic Pacific Special Steel Group Co., Ltd Approves Cash Dividend for 2024 Citic Pacific Special Steel Group Co. Ltd. at its Annual General Meeting held on 10 April 2025, approved cash dividend of CNY 5.07000000 per 10 shares (tax included) for 2024. Annuncio • Mar 31
Citic Pacific Special Steel Group Co., Ltd to Report Q1, 2025 Results on Apr 19, 2025 Citic Pacific Special Steel Group Co., Ltd announced that they will report Q1, 2025 results on Apr 19, 2025 Reported Earnings • Mar 21
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.02 (down from CN¥1.13 in FY 2023). Revenue: CN¥109.2b (down 4.2% from FY 2023). Net income: CN¥5.13b (down 10% from FY 2023). Profit margin: 4.7% (down from 5.0% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 11% per year. Annuncio • Mar 20
Citic Pacific Special Steel Group Co., Ltd, Annual General Meeting, Apr 10, 2025 Citic Pacific Special Steel Group Co., Ltd, Annual General Meeting, Apr 10, 2025, at 14:30 China Standard Time. Location: The Company's Meeting Room, Jiangyin, Jiangsu China Annuncio • Dec 31
Citic Pacific Special Steel Group Co., Ltd to Report Fiscal Year 2024 Results on Mar 20, 2025 Citic Pacific Special Steel Group Co., Ltd announced that they will report fiscal year 2024 results on Mar 20, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.27 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.22 (down from CN¥0.27 in 3Q 2023). Revenue: CN¥26.5b (down 5.7% from 3Q 2023). Net income: CN¥1.11b (down 17% from 3Q 2023). Profit margin: 4.2% (down from 4.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. Annuncio • Sep 30
Citic Pacific Special Steel Group Co., Ltd to Report Q3, 2024 Results on Oct 26, 2024 Citic Pacific Special Steel Group Co., Ltd announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥12.47, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 32% over the past three years. Major Estimate Revision • Aug 26
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥117.4b to CN¥114.8b. EPS estimate also fell from CN¥1.25 per share to CN¥1.12 per share. Net income forecast to grow 15% next year vs 34% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥19.05 to CN¥17.70. Share price fell 2.4% to CN¥11.48 over the past week. Price Target Changed • Aug 21
Price target decreased by 9.8% to CN¥17.70 Down from CN¥19.61, the current price target is an average from 2 analysts. New target price is 54% above last closing price of CN¥11.47. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.12 for next year compared to CN¥1.13 last year. Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.31 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.27 (down from CN¥0.31 in 2Q 2023). Revenue: CN¥28.6b (down 5.9% from 2Q 2023). Net income: CN¥1.37b (down 12% from 2Q 2023). Profit margin: 4.8% (down from 5.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Annuncio • Jun 29
Citic Pacific Special Steel Group Co., Ltd to Report First Half, 2024 Results on Aug 20, 2024 Citic Pacific Special Steel Group Co., Ltd announced that they will report first half, 2024 results on Aug 20, 2024 Annuncio • May 02
Citic Pacific Special Steel Group Co., Ltd Announces Final Profit Distribution Plan on A Shares for the Year 2023, Payable on 10 May 2024 Citic Pacific Special Steel Group Co. Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 5.64674400 for the year 2023, payable on 10 May 2024. Record date is 09 May 2024. Ex-date is 10 May 2024. Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: CN¥0.27 (vs CN¥0.29 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.27 (down from CN¥0.29 in 1Q 2023). Revenue: CN¥28.4b (up 1.6% from 1Q 2023). Net income: CN¥1.36b (down 8.1% from 1Q 2023). Profit margin: 4.8% (down from 5.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Annuncio • Mar 30
Citic Pacific Special Steel Group Co., Ltd to Report Q1, 2024 Results on Apr 23, 2024 Citic Pacific Special Steel Group Co., Ltd announced that they will report Q1, 2024 results on Apr 23, 2024 Major Estimate Revision • Mar 19
Consensus EPS estimates fall by 23% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.62 to CN¥1.26 per share. Revenue forecast steady at CN¥117.2b. Net income forecast to grow 11% next year vs 45% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥19.61 to CN¥19.05. Share price fell 2.9% to CN¥14.96 over the past week. Reported Earnings • Mar 13
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥1.13 (down from CN¥1.41 in FY 2022). Revenue: CN¥114.0b (up 16% from FY 2022). Net income: CN¥5.72b (down 20% from FY 2022). Profit margin: 5.0% (down from 7.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Annuncio • Dec 30
Citic Pacific Special Steel Group Co., Ltd to Report Fiscal Year 2023 Results on Mar 09, 2024 Citic Pacific Special Steel Group Co., Ltd announced that they will report fiscal year 2023 results on Mar 09, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.35 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.27 (down from CN¥0.35 in 3Q 2022). Revenue: CN¥28.1b (up 19% from 3Q 2022). Net income: CN¥1.33b (down 25% from 3Q 2022). Profit margin: 4.8% (down from 7.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Board Change • Sep 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Director Guoyao Huang was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Aug 25
Consensus EPS estimates fall by 20%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CN¥109.3b to CN¥112.1b. EPS estimate fell from CN¥1.76 to CN¥1.41 per share. Net income forecast to grow 24% next year vs 43% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥19.86 unchanged from last update. Share price fell 6.7% to CN¥14.37 over the past week. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.31 (vs CN¥0.36 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.31 (down from CN¥0.36 in 2Q 2022). Revenue: CN¥30.4b (up 11% from 2Q 2022). Net income: CN¥1.56b (down 15% from 2Q 2022). Profit margin: 5.1% (down from 6.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Jul 01
Citic Pacific Special Steel Group Co., Ltd to Report First Half, 2023 Results on Aug 19, 2023 Citic Pacific Special Steel Group Co., Ltd announced that they will report first half, 2023 results on Aug 19, 2023 Annuncio • May 10
Citic Pacific Special Steel Group Co., Ltd Approves Board Elections Citic Pacific Special Steel Group Co. Ltd. at its EGM held on May 8, 2023 approved election of Huang Guoyao and Luo Yuandong as non-independent directors, Jiang Tao and Liu Wei as independent directors and Cheng Jiang and Zhu Xinfeng as shareholder supervisors. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. Chairman of the Board Gang Qian was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Mar 18
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: CN¥1.41 (down from CN¥1.58 in FY 2021). Revenue: CN¥98.3b (up 1.0% from FY 2021). Net income: CN¥7.11b (down 11% from FY 2021). Profit margin: 7.2% (down from 8.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target decreased to CN¥28.35 Down from CN¥33.56, the current price target is provided by 1 analyst. New target price is 65% above last closing price of CN¥17.22. Stock is down 16% over the past year. The company is forecast to post earnings per share of CN¥1.57 for next year compared to CN¥1.58 last year. Board Change • Oct 31
High number of new directors Chairman of the Board Gang Qian was the last director to join the board, commencing their role in 2020. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.35 (vs CN¥0.37 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.35 (down from CN¥0.37 in 3Q 2021). Revenue: CN¥23.7b (down 5.7% from 3Q 2021). Net income: CN¥1.77b (down 5.7% from 3Q 2021). Profit margin: 7.5% (in line with 3Q 2021). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Price Target Changed • Oct 13
Price target decreased to CN¥29.70 Down from CN¥33.56, the current price target is provided by 1 analyst. New target price is 72% above last closing price of CN¥17.30. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥1.77 for next year compared to CN¥1.58 last year. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: CN¥0.36 (vs CN¥0.45 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.36 (down from CN¥0.45 in 2Q 2021). Revenue: CN¥27.2b (up 2.1% from 2Q 2021). Net income: CN¥1.83b (down 19% from 2Q 2021). Profit margin: 6.7% (down from 8.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.9%, compared to a 32% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.39 (up from CN¥0.38 in 1Q 2021). Revenue: CN¥24.6b (up 6.9% from 1Q 2021). Net income: CN¥1.95b (flat on 1Q 2021). Profit margin: 7.9% (down from 8.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%. Over the next year, revenue is forecast to stay flat compared to a 35% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 3 experienced directors. 1 highly experienced director. Vice Chairman of the Board Wen Liang Guo is the most experienced director on the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 07
Citic Pacific Special Steel Group Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on April 13, 2022 Citic Pacific Special Steel Group Co., Ltd. announced the profit distribution proposal for 2021 cash dividend of CNY 8.00000000 per ten shares (tax included). Record date: 12 April 2022, Ex-date: 13 April 2022 and Payment date: 13 April 2022. Annuncio • Apr 03
Citic Pacific Special Steel Group Co., Ltd. Approves Final Cash Dividend for the Year 2021 Citic Pacific Special Steel Group Co., Ltd. approved a final cash dividend of CNY 8.00 per 10 shares (tax included) for the year 2021 at the AGM held on March 31, 2022. Reported Earnings • Mar 11
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥1.58 (up from CN¥1.19 in FY 2020). Revenue: CN¥97.3b (up 30% from FY 2020). Net income: CN¥7.95b (up 32% from FY 2020). Profit margin: 8.2% (up from 8.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.7%. Over the next year, revenue is expected to shrink by 3.3% compared to a 10,605% growth forecast for the mining industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥25.19, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 403% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥22.42, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 370% over the past three years. Reported Earnings • Oct 12
Third quarter 2021 earnings released: EPS CN¥0.37 (vs CN¥0.32 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CN¥25.1b (up 31% from 3Q 2020). Net income: CN¥1.87b (up 17% from 3Q 2020). Profit margin: 7.5% (down from 8.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥0.45 (vs CN¥0.29 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥26.7b (up 43% from 2Q 2020). Net income: CN¥2.26b (up 55% from 2Q 2020). Profit margin: 8.5% (up from 7.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥25.60, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 425% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.01 per share. Price Target Changed • Jul 22
Price target increased to CN¥37.43 Up from CN¥33.56, the current price target is an average from 5 analysts. New target price is 78% above last closing price of CN¥20.98. Stock is up 12% over the past year. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.38 (vs CN¥0.26 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥22.4b (up 30% from 1Q 2020). Net income: CN¥1.93b (up 49% from 1Q 2020). Profit margin: 8.6% (up from 7.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Mar 03
Citic Pacific Special Steel Group Co., Ltd., Annual General Meeting, Mar 22, 2021 Citic Pacific Special Steel Group Co., Ltd., Annual General Meeting, Mar 22, 2021, at 14:30 China Standard Time. Agenda: To consider 2020 work report of the board of directors; to consider 2020 work report of the supervisory committee; to consider 2020 annual report and its summary; to consider 2020 profit distribution plan; to consider reappointment of audit firm; to consider 2020 annual accounts; to consider connected transaction regarding deposits and loans business with a bank; and to consider other matters. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS CN¥1.19 (vs CN¥1.07 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥74.7b (up 2.9% from FY 2019). Net income: CN¥6.02b (up 12% from FY 2019). Profit margin: 8.1% (up from 7.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 02
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.2%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 5.6%, compared to a 16% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 18% share price decline to CN¥29.09, the stock is trading at a trailing P/E ratio of 24.4x, down from the previous P/E ratio of 29.8x. This compares to an average P/E of 36x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 398%. Is New 90 Day High Low • Feb 18
New 90-day high: CN¥35.42 The company is up 66% from its price of CN¥21.35 on 20 November 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥30.01 per share. Price Target Changed • Feb 07
Price target raised to CN¥33.56 Up from CN¥27.07, the current price target is an average from 5 analysts. The new target price is close to the current share price of CN¥33.10. As of last close, the stock is up 154% over the past year. Reported Earnings • Feb 05
Full year 2020 earnings released: EPS CN¥1.19 (vs CN¥1.07 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥74.7b (up 2.9% from FY 2019). Net income: CN¥6.02b (up 12% from FY 2019). Profit margin: 8.1% (up from 7.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 05
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.2%. Earnings per share (EPS) also missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 5.7%, compared to a 18% growth forecast for the Metals and Mining industry in China. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥33.59, the stock is trading at a trailing P/E ratio of 30.5x, up from the previous P/E ratio of 25.8x. This compares to an average P/E of 29x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 473%. Is New 90 Day High Low • Jan 26
New 90-day high: CN¥27.62 The company is up 69% from its price of CN¥16.31 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥28.63 per share. Annuncio • Jan 22
Citic Pacific Special Steel Group Co., Ltd. to Report Fiscal Year 2020 Results on Mar 02, 2021 Citic Pacific Special Steel Group Co., Ltd. announced that they will report fiscal year 2020 results on Mar 02, 2021 Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥26.06, the stock is trading at a trailing P/E ratio of 23.6x, up from the previous P/E ratio of 19.8x. This compares to an average P/E of 31x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 334%. Is New 90 Day High Low • Jan 04
New 90-day high: CN¥23.20 The company is up 40% from its price of CN¥16.52 on 30 September 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥28.70 per share. Is New 90 Day High Low • Dec 18
New 90-day high: CN¥21.60 The company is up 21% from its price of CN¥17.85 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥27.26 per share. Is New 90 Day High Low • Nov 12
New 90-day high: CN¥19.36 The company is up 5.0% from its price of CN¥18.44 on 14 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.52 per share. Is New 90 Day High Low • Oct 26
New 90-day low: CN¥16.34 The company is down 19% from its price of CN¥20.25 on 28 July 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥24.65 per share. Reported Earnings • Oct 17
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥5.73b, up 17% from the prior year. Total revenue was CN¥72.7b over the last 12 months, largely unchanged from the prior year. Annuncio • Oct 16
Citic Pacific Special Steel Group Co., Ltd. to Report Q3, 2020 Results on Oct 17, 2020 Citic Pacific Special Steel Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 17, 2020 Is New 90 Day High Low • Sep 22
New 90-day low: CN¥16.81 The company is down 2.0% from its price of CN¥17.16 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥25.23 per share. Annuncio • Jul 23
Citic Pacific Special Steel Group Co., Ltd. to Report First Half, 2020 Results on Aug 18, 2020 Citic Pacific Special Steel Group Co., Ltd. announced that they will report first half, 2020 results on Aug 18, 2020