Board Change • May 20
High number of new and inexperienced directors There are 10 new directors who have joined the board in the last 3 years. The company's board is composed of: 10 new directors. 1 experienced director. No highly experienced directors. GM & Vice Chairman of the Board Aimin Zhang is the most experienced director on the board, commencing their role in 2022. 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 • Mar 31
HBIS Company Limited to Report Q1, 2026 Results on Apr 29, 2026 HBIS Company Limited announced that they will report Q1, 2026 results on Apr 29, 2026 Annuncio • Dec 31
HBIS Company Limited to Report Fiscal Year 2025 Results on Apr 29, 2026 HBIS Company Limited announced that they will report fiscal year 2025 results on Apr 29, 2026 Annuncio • Nov 28
HBIS Company Limited Approves Board Elections HBIS Company Limited held its second extraordinary General Meeting of 2025 on 26 November 2025, approved election of Han Jian and Wang Baowei as non-independent directors of the company. Annuncio • Sep 30
HBIS Company Limited to Report Q3, 2025 Results on Oct 29, 2025 HBIS Company Limited announced that they will report Q3, 2025 results on Oct 29, 2025 Annuncio • Jul 02
HBIS Company Limited to Report First Half, 2025 Results on Aug 29, 2025 HBIS Company Limited announced that they will report first half, 2025 results on Aug 29, 2025 Annuncio • Apr 25
HBIS Company Limited, Annual General Meeting, May 20, 2025 HBIS Company Limited, Annual General Meeting, May 20, 2025, at 14:30 China Standard Time. Location: No. 385, Tiyu South Avenue, Shijiazhuang, Hebei China Annuncio • Mar 31
HBIS Company Limited to Report Q1, 2025 Results on Apr 25, 2025 HBIS Company Limited announced that they will report Q1, 2025 results on Apr 25, 2025 Annuncio • Dec 31
HBIS Company Limited to Report Fiscal Year 2024 Results on Apr 25, 2025 HBIS Company Limited announced that they will report fiscal year 2024 results on Apr 25, 2025 Annuncio • Nov 06
HBIS Company Limited Appoints Zhang Zhenquan as Non-Independent Director HBIS Company Limited announced that at the EGM held on 04 November 2024, approved the appointment of Zhang Zhenquan as a non-independent director. New Risk • Nov 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 463% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.5x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.008 (vs CN¥0.02 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.008 (down from CN¥0.02 in 3Q 2023). Revenue: CN¥30.5b (down 2.5% from 3Q 2023). Net income: CN¥155.5m (down 47% from 3Q 2023). Profit margin: 0.5% (down from 0.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 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 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
HBIS Company Limited to Report Q3, 2024 Results on Oct 31, 2024 HBIS Company Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥1.97, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 24% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥29.1b (down 11% from 2Q 2023). Net income: CN¥254.1m (flat on 2Q 2023). Profit margin: 0.9% (in line with 2Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 2 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 42% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 08
Dividend of CN¥0.04 announced Dividend of CN¥0.04 is the same as last year. Ex-date: 11th July 2024 Payment date: 11th July 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next year, which should provide support to the dividend and adequate earnings cover. Annuncio • Jun 29
HBIS Company Limited to Report First Half, 2024 Results on Aug 30, 2024 HBIS Company Limited announced that they will report first half, 2024 results on Aug 30, 2024 Annuncio • May 25
HBIS Company Limited Approves Cash Dividend for the Year 2023 HBIS Company Limited at the Annual General Meeting of 2023 held on 22 May 2024 approved a cash dividend/10 shares (tax included) of CNY 0.40000000 for the year 2023. Board Change • May 22
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Shuhuan Wang was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 29
HBIS Company Limited, Annual General Meeting, May 22, 2024 HBIS Company Limited, Annual General Meeting, May 22, 2024, at 14:30 China Standard Time. Location: No. 385, Tiyu South Avenue, Shijiazhuang, Hebei China Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: CN¥0.01 (vs CN¥0.02 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.01 (down from CN¥0.02 in 1Q 2023). Revenue: CN¥29.7b (down 6.6% from 1Q 2023). Net income: CN¥159.1m (down 38% from 1Q 2023). Profit margin: 0.5% (down from 0.8% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Annuncio • Mar 30
HBIS Company Limited to Report Q1, 2024 Results on Apr 27, 2024 HBIS Company Limited announced that they will report Q1, 2024 results on Apr 27, 2024 Annuncio • Dec 29
HBIS Company Limited to Report Fiscal Year 2023 Results on Apr 27, 2024 HBIS Company Limited announced that they will report fiscal year 2023 results on Apr 27, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.018 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.02 (up from CN¥0.018 in 3Q 2022). Revenue: CN¥31.3b (down 18% from 3Q 2022). Net income: CN¥294.1m (up 56% from 3Q 2022). Profit margin: 0.9% (up from 0.5% in 3Q 2022). Revenue is forecast to grow 8.0% 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 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.064 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.064 in 2Q 2022). Revenue: CN¥32.5b (down 21% from 2Q 2022). Net income: CN¥255.9m (down 61% from 2Q 2022). Profit margin: 0.8% (down from 1.6% in 2Q 2022). Revenue is forecast to grow 5.2% 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 but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annuncio • Jul 13
Hebei Steel Corp. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2022, Payable on 19 July 2023 Hebei Steel Corp. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.40000000 for the year 2022, payable on 19 July 2023. Record date is 18 July 2023. Ex-date is 19 July 2023. Board Change • Jun 29
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman of the Supervisory Board Yi Li was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: CN¥0.02 (vs CN¥0.03 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.02 (down from CN¥0.03 in 1Q 2022). Revenue: CN¥31.9b (up 2.4% from 1Q 2022). Net income: CN¥254.8m (down 18% from 1Q 2022). Profit margin: 0.8% (down from 1.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Nov 16
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Chairman of the Board of Supervisors Huaming Zhu was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: CN¥0.018 (vs CN¥0.08 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.018 (down from CN¥0.08 in 3Q 2021). Revenue: CN¥38.0b (down 19% from 3Q 2021). Net income: CN¥188.8m (down 78% from 3Q 2021). Profit margin: 0.5% (down from 1.8% in 3Q 2021). Revenue is expected to decline by 1.5% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in China are expected to grow by 11%. 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 3% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 27
Second quarter 2022 earnings released: EPS: CN¥0.064 (vs CN¥0.091 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.064 (down from CN¥0.091 in 2Q 2021). Revenue: CN¥40.9b (down 2.6% from 2Q 2021). Net income: CN¥662.1m (down 36% from 2Q 2021). Profit margin: 1.6% (down from 2.5% in 2Q 2021). Over the next year, revenue is expected to shrink by 9.1% compared to a 30% 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 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥2.63, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 2.8% over the past three years. Board Change • Apr 27
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Non-Independent Director Haishen Xie was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.035 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥46.7b (up 54% from 3Q 2020). Net income: CN¥847.6m (up 80% from 3Q 2020). Profit margin: 1.8% (up from 1.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥2.74, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the Metals and Mining industry in China. Total loss to shareholders of 9.3% over the past three years. Reported Earnings • Aug 23
Second quarter 2021 earnings released: EPS CN¥0.091 (vs CN¥0.044 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥42.0b (up 56% from 2Q 2020). Net income: CN¥1.04b (up 127% from 2Q 2020). Profit margin: 2.5% (up from 1.7% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥2.98, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Metals and Mining industry in China. Total loss to shareholders of 3.4% over the past three years. Reported Earnings • Apr 20
Full year 2020 earnings released: EPS CN¥0.12 (vs CN¥0.20 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥107.7b (down 11% from FY 2019). Net income: CN¥1.70b (down 34% from FY 2019). Profit margin: 1.6% (down from 2.1% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year. Is New 90 Day High Low • Mar 04
New 90-day high: CN¥2.37 The company is up 5.0% from its price of CN¥2.26 on 04 December 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.43 per share. Is New 90 Day High Low • Jan 31
New 90-day low: CN¥2.06 The company is down 1.0% from its price of CN¥2.08 on 03 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.42 per share. Is New 90 Day High Low • Dec 18
New 90-day high: CN¥2.30 The company is up 3.0% from its price of CN¥2.23 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed 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¥0.51 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.94b, down 5.3% from the prior year. Total revenue was CN¥107.9b over the last 12 months, down 13% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: CN¥2.09 The company is down 7.0% from its price of CN¥2.25 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥0.54 per share.