Chinese (SSE) Steel Industry Analysis

Industry Valuation and Performance

Has the Chinese Steel Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 27 May 2026	CN¥1.2t	CN¥1.8t	CN¥19.3b	38.6x	62x	0.7x
Fri, 24 Apr 2026	CN¥1.3t	CN¥1.9t	CN¥25.0b	38.8x	51.3x	0.7x
Sun, 22 Mar 2026	CN¥1.3t	CN¥1.9t	CN¥27.4b	30.6x	45.7x	0.7x
Tue, 17 Feb 2026	CN¥1.3t	CN¥1.9t	CN¥26.9b	34.5x	48.2x	0.7x
Thu, 15 Jan 2026	CN¥1.3t	CN¥1.9t	CN¥26.9b	34.6x	47.3x	0.7x
Sat, 13 Dec 2025	CN¥1.2t	CN¥1.9t	CN¥26.9b	29.4x	43.4x	0.6x
Mon, 10 Nov 2025	CN¥1.3t	CN¥1.9t	CN¥26.9b	30.1x	46.5x	0.7x
Wed, 08 Oct 2025	CN¥1.2t	CN¥1.9t	CN¥16.0b	30.7x	72.1x	0.6x
Fri, 05 Sep 2025	CN¥1.1t	CN¥1.9t	CN¥15.5b	31.6x	71.8x	0.6x
Sun, 03 Aug 2025	CN¥1.1t	CN¥2.0t	CN¥14.4b	32.3x	78.3x	0.6x
Tue, 01 Jul 2025	CN¥1.0t	CN¥2.0t	CN¥14.9b	29.7x	67.6x	0.5x
Thu, 29 May 2025	CN¥1.0t	CN¥2.0t	CN¥15.8b	28.4x	65.2x	0.5x
Sat, 26 Apr 2025	CN¥1.0t	CN¥2.0t	CN¥15.3b	25.8x	67.3x	0.5x
Mon, 24 Mar 2025	CN¥1.1t	CN¥2.1t	CN¥21.3b	29.3x	53x	0.5x
Wed, 19 Feb 2025	CN¥1.0t	CN¥2.1t	CN¥22.1b	26.3x	46.2x	0.5x
Fri, 17 Jan 2025	CN¥991.3b	CN¥2.1t	CN¥22.1b	25.9x	44.9x	0.5x
Sun, 15 Dec 2024	CN¥1.1t	CN¥2.1t	CN¥22.1b	26.9x	48.7x	0.5x
Tue, 12 Nov 2024	CN¥1.1t	CN¥2.1t	CN¥22.1b	26.3x	49.2x	0.5x
Thu, 10 Oct 2024	CN¥979.2b	CN¥2.2t	CN¥36.8b	22.9x	26.6x	0.5x
Sat, 07 Sep 2024	CN¥829.9b	CN¥2.2t	CN¥36.1b	18.8x	23x	0.4x
Mon, 05 Aug 2024	CN¥899.7b	CN¥2.2t	CN¥40.5b	20.9x	22.2x	0.4x
Wed, 03 Jul 2024	CN¥948.7b	CN¥2.2t	CN¥40.5b	21.5x	23.4x	0.4x
Fri, 31 May 2024	CN¥1.0t	CN¥2.2t	CN¥40.5b	23x	25.5x	0.5x
Sun, 28 Apr 2024	CN¥1.0t	CN¥2.2t	CN¥47.7b	23x	21.9x	0.5x
Tue, 26 Mar 2024	CN¥1.0t	CN¥2.2t	CN¥48.7b	26.3x	20.9x	0.5x
Thu, 22 Feb 2024	CN¥985.9b	CN¥2.2t	CN¥46.2b	24.7x	21.3x	0.4x
Sat, 20 Jan 2024	CN¥963.7b	CN¥2.2t	CN¥45.0b	28.1x	21.4x	0.4x
Mon, 18 Dec 2023	CN¥1.0t	CN¥2.2t	CN¥44.8b	30.8x	23.3x	0.5x
Wed, 15 Nov 2023	CN¥1.1t	CN¥2.2t	CN¥44.4b	33.1x	23.9x	0.5x
Fri, 13 Oct 2023	CN¥1.1t	CN¥2.2t	CN¥34.3b	29x	31.3x	0.5x
Sun, 10 Sep 2023	CN¥1.1t	CN¥2.2t	CN¥34.4b	32.9x	31.8x	0.5x
Tue, 08 Aug 2023	CN¥1.1t	CN¥2.3t	CN¥44.3b	29.5x	25.8x	0.5x
Thu, 06 Jul 2023	CN¥1.1t	CN¥2.3t	CN¥44.2b	28.8x	25x	0.5x
Sat, 03 Jun 2023	CN¥1.1t	CN¥2.3t	CN¥43.8b	26.9x	25x	0.5x

Current Industry PE

Investors are optimistic on the Chinese Steel industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 62.0x which is higher than its 3-year average PE of 41.1x.

The industry is trading close to its 3-year average PS ratio of 0.52x.

Past Earnings Growth

The earnings for companies in the Steel industry have declined 24% per year over the last three years,
Revenues have also declined 7.8% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Chinese Steel compare with similar industries?


CN Market	-0.16%
Materials	1.79%
Metals and Mining	3.78%
Steel	-2.06%
Precious Metals and Minerals	7.38%
Copper	6.66%
Diversified Metals and Mining	5.73%
Gold	4.86%
Aluminum	3.61%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
002552 Baoding Technology	CN¥50.53	35.1% +CN¥5.1b	272.9%	PE113.8x
600985 Huaibei Mining HoldingsLtd	CN¥14.48	7.9% +CN¥2.9b	17.9%	PE387.5x
688190 Qingdao Yunlu Advanced Materials Technology	CN¥119.80	12.0% +CN¥1.5b	41.3%	PE51.8x
600019 Baoshan Iron & Steel	CN¥6.03	1.0% +CN¥1.3b	-9.6%	PE12.7x
000723 Shanxi Meijin EnergyLtd	CN¥4.13	2.5% +CN¥440.3m	-1.4%	PS1x

Company

Last Price

Valuation

002552 Baoding Technology

CN¥50.53

35.1%
+CN¥5.1b

272.9%

PE113.8x

600985 Huaibei Mining HoldingsLtd

CN¥14.48

7.9%
+CN¥2.9b

17.9%

PE387.5x

688190 Qingdao Yunlu Advanced Materials Technology

CN¥119.80

12.0%
+CN¥1.5b

41.3%

PE51.8x

600019 Baoshan Iron & Steel

CN¥6.03

1.0%
+CN¥1.3b

-9.6%

PE12.7x

000723 Shanxi Meijin EnergyLtd

CN¥4.13

2.5%
+CN¥440.3m

-1.4%

PS1x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.6x net interest cover). Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin).

Chinese (SSE) Steel Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 16%

Dividend of CN¥0.45 announced

New minor risk - Profit margin trend

Hainan Mining Co., Ltd. announced that it expects to receive CNY 826.14 million in funding

Investor sentiment improves as stock rises 25%

New major risk - Shareholder dilution

Consensus EPS estimates increase by 16%

Upcoming dividend of CN¥0.14 per share

First quarter 2026 earnings released: EPS: CN¥0.10 (vs CN¥0.11 in 1Q 2025)

First quarter 2026 earnings released: EPS: CN¥0.41 (vs CN¥0.41 in 1Q 2025)

First quarter 2026 earnings released: EPS: CN¥0.18 (vs CN¥0.26 in 1Q 2025)

New major risk - Financial position

New minor risk - Dividend sustainability

Shanxi Meijin Energy Co.,Ltd., Annual General Meeting, May 27, 2026

Hang Zhou Iron & Steel Co.,Ltd., Annual General Meeting, May 29, 2026

Inner Mongolia Baotou Steel Union Co., Ltd., Annual General Meeting, May 11, 2026