Revenues Not Telling The Story For Aowei Holding Limited (HKG:1370) After Shares Rise 65%
Dec 09
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Hong Kong (HSI) Steel Industry Analysis
UpdatedDec 13, 2025
DataAggregated Company Financials
Companies22
- 7D-3.6%
- 3M-2.2%
- 1Y41.0%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 3.6%, driven by a pullback from Angang Steel of 6.0%. On the other hand Aowei Holding is actually up 44%. In the past year, the industry has gained 41%. Earnings are forecast to grow by 84% annually.
Industry Valuation and Performance
Has the Hong Kong Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 14 Dec 2025 | HK$126.8b | HK$375.7b | -HK$7,709,262,978.47 | 15.6x | -16.4x | 0.3x |
| Tue, 11 Nov 2025 | HK$135.8b | HK$372.0b | -HK$7,614,356,391.08 | 16.6x | -17.8x | 0.4x |
| Thu, 09 Oct 2025 | HK$132.7b | HK$370.0b | -HK$11,581,638,516.86 | 10.5x | -11.5x | 0.4x |
| Sat, 06 Sep 2025 | HK$118.9b | HK$369.2b | -HK$11,508,164,534.59 | 9.6x | -10.3x | 0.3x |
| Mon, 04 Aug 2025 | HK$117.3b | HK$393.3b | -HK$10,939,848,074.75 | 5.2x | -10.7x | 0.3x |
| Wed, 02 Jul 2025 | HK$105.8b | HK$396.4b | -HK$11,409,316,427.35 | 4.7x | -9.3x | 0.3x |
| Fri, 30 May 2025 | HK$101.9b | HK$394.8b | -HK$11,343,814,065.51 | 4.3x | -9x | 0.3x |
| Sun, 27 Apr 2025 | HK$94.6b | HK$389.2b | -HK$11,991,534,443.23 | 4x | -7.9x | 0.2x |
| Tue, 25 Mar 2025 | HK$102.6b | HK$412.4b | -HK$8,809,727,033.85 | 5.5x | -11.6x | 0.2x |
| Thu, 20 Feb 2025 | HK$97.2b | HK$410.8b | -HK$8,569,439,393.61 | 7.2x | -11.3x | 0.2x |
| Sat, 18 Jan 2025 | HK$98.5b | HK$408.7b | -HK$8,507,580,879.69 | 6.4x | -11.6x | 0.2x |
| Mon, 16 Dec 2024 | HK$100.5b | HK$411.0b | -HK$8,575,209,773.41 | 7.2x | -11.7x | 0.2x |
| Wed, 13 Nov 2024 | HK$99.0b | HK$413.4b | -HK$8,645,313,974.57 | 6.7x | -11.5x | 0.2x |
| Fri, 11 Oct 2024 | HK$98.0b | HK$434.6b | -HK$4,330,112,801.42 | 8.3x | -22.6x | 0.2x |
| Sun, 08 Sep 2024 | HK$82.0b | HK$435.0b | -HK$4,337,420,764.01 | 6.3x | -18.9x | 0.2x |
| Tue, 06 Aug 2024 | HK$84.5b | HK$442.7b | -HK$5,091,496,452.12 | 6.7x | -16.6x | 0.2x |
| Thu, 04 Jul 2024 | HK$92.8b | HK$436.2b | -HK$4,964,873,078.71 | 7.6x | -18.7x | 0.2x |
| Sat, 01 Jun 2024 | HK$99.3b | HK$438.3b | -HK$5,005,275,633.77 | 7.7x | -19.8x | 0.2x |
| Mon, 29 Apr 2024 | HK$98.1b | HK$447.8b | -HK$3,346,487,585.82 | 7.2x | -29.3x | 0.2x |
| Wed, 27 Mar 2024 | HK$96.3b | HK$448.6b | -HK$2,277,510,131.74 | 4.6x | -42.3x | 0.2x |
| Fri, 23 Feb 2024 | HK$107.7b | HK$448.3b | -HK$2,723,324,306.83 | 5.4x | -39.5x | 0.2x |
| Sun, 21 Jan 2024 | HK$100.3b | HK$468.4b | -HK$4,243,415,694.00 | 4.4x | -23.6x | 0.2x |
| Tue, 19 Dec 2023 | HK$99.1b | HK$466.6b | -HK$4,216,337,257.00 | 4x | -23.5x | 0.2x |
| Thu, 16 Nov 2023 | HK$101.8b | HK$460.9b | -HK$4,109,791,300.00 | 4x | -24.8x | 0.2x |
| Sat, 14 Oct 2023 | HK$99.3b | HK$459.8b | -HK$7,028,042,661.00 | 4x | -14.1x | 0.2x |
| Mon, 11 Sep 2023 | HK$100.7b | HK$458.6b | -HK$6,974,381,304.00 | 4x | -14.4x | 0.2x |
| Wed, 09 Aug 2023 | HK$105.7b | HK$474.6b | -HK$2,384,126,458.00 | 4.9x | -44.3x | 0.2x |
| Fri, 07 Jul 2023 | HK$94.7b | HK$473.2b | -HK$2,368,143,420.00 | 4.3x | -40x | 0.2x |
| Sun, 04 Jun 2023 | HK$101.8b | HK$484.6b | -HK$2,499,470,389.00 | 4.6x | -40.7x | 0.2x |
| Tue, 02 May 2023 | HK$109.0b | HK$496.7b | -HK$2,637,782,449.00 | 5.1x | -41.3x | 0.2x |
| Thu, 30 Mar 2023 | HK$110.0b | HK$506.8b | HK$4.1b | 5.6x | 26.8x | 0.2x |
| Sat, 25 Feb 2023 | HK$117.5b | HK$504.5b | HK$5.5b | 3.9x | 21.4x | 0.2x |
| Mon, 23 Jan 2023 | HK$118.2b | HK$514.5b | HK$5.5b | 4.2x | 21.3x | 0.2x |
| Wed, 21 Dec 2022 | HK$112.3b | HK$544.8b | HK$8.8b | 4x | 12.7x | 0.2x |
Price to Earnings Ratio
12.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Steel industry, and appear confident in long term growth rates.
- The industry is trading close to its 3-year average PS ratio of 0.24x.
Past Earnings Growth
- Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 12% per year, which is driving profits down.
Industry Comparison
How does Hong Kong Steel compare with similar industries?
| HK Market | -1.73% | |
| Materials | -2.42% | |
| Metals and Mining | -2.28% | |
| Steel | -3.56% | |
| Silver | 2.82% | |
| Gold | -0.011% | |
| Aluminum | -2.85% | |
| Diversified Metals and Mining | -2.97% | |
| Copper | -4.92% | |
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 | |
|---|---|---|---|---|---|
| 1370 Aowei Holding | HK$0.36 | 44.0% +HK$179.9m | -30.8% | PS0.9x | |
| 826 Tiangong International | HK$3.15 | 1.9% +HK$163.5m | 53.7% | PE20.6x | |
| 639 Shougang Fushan Resources Group | HK$2.95 | 1.0% +HK$152.7m | 12.2% | PE14.2x | |
| 103 Shougang Century Holdings | HK$3.52 | 6.7% +HK$114.5m | 65.6% | PE97x | |
| 2623 Add New Energy Investment Holdings Group | HK$4.89 | 2.5% +HK$42.0m | 608.7% | PE20.8x |
