Announcement • Jun 30
Beijing Shougang Co., Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Beijing Shougang Co., Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 New Risk • Jun 25
New major risk - Revenue and earnings growth Earnings have declined by 51% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 51% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Jun 01
Beijing Shougang Co., Ltd., Annual General Meeting, Jun 23, 2026 Beijing Shougang Co., Ltd., Annual General Meeting, Jun 23, 2026, at 14:30 China Standard Time. Location: Building 3, Yard No. 6, Qunminghu South Road, Shougang Park, Shijingshan District, Beijing China Reported Earnings • Apr 19
First quarter 2026 earnings released: EPS: CN¥0.023 (vs CN¥0.043 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.023 (down from CN¥0.043 in 1Q 2025). Revenue: CN¥25.1b (down 5.7% from 1Q 2025). Net income: CN¥174.1m (down 47% from 1Q 2025). Profit margin: 0.7% (down from 1.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.3% 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 increased by 58% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 13
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 6 experienced directors. No highly experienced directors. Independent Director Feng Peng is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 31
Beijing Shougang Co., Ltd. to Report Q1, 2026 Results on Apr 18, 2026 Beijing Shougang Co., Ltd. announced that they will report Q1, 2026 results on Apr 18, 2026 Announcement • Dec 31
Beijing Shougang Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Beijing Shougang Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 New Risk • Nov 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.038 (vs CN¥0.024 loss in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.038 (up from CN¥0.024 loss in 3Q 2024). Revenue: CN¥24.7b (down 2.2% from 3Q 2024). Net income: CN¥296.3m (up CN¥487.4m from 3Q 2024). Profit margin: 1.2% (up from net loss in 3Q 2024). Revenue is forecast to stay flat 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 28% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Oct 01
Beijing Shougang Co., Ltd. (SZSE:000959) announces an Equity Buyback for 80,000,000 shares, for CNY 520 million. Beijing Shougang Co., Ltd. (SZSE:000959) announces a share repurchase program. Under the program, the company will repurchase up to 80,000,000 shares for CNY 520 million. The shares will be repurchased at no more than CNY 6.5 per share. The purpose of the program is to use the repurchased shares for equity incentives. The program will be funded from company's own funds. The program will be valid for 12 months. Announcement • Sep 30
Beijing Shougang Co., Ltd. to Report Q3, 2025 Results on Oct 28, 2025 Beijing Shougang Co., Ltd. announced that they will report Q3, 2025 results on Oct 28, 2025 New Risk • Aug 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Aug 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 52% 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: Minor Risks High level of debt (46% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: CN¥0.042 (vs CN¥0.055 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.042 (down from CN¥0.055 in 2Q 2024). Revenue: CN¥26.0b (down 4.3% from 2Q 2024). Net income: CN¥329.2m (down 21% from 2Q 2024). Profit margin: 1.3% (down from 1.5% in 2Q 2024). Revenue is forecast to stay flat 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, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥4.01, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Metals and Mining industry in China. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥7.55 per share. Announcement • Jul 02
Beijing Shougang Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Beijing Shougang Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Announcement • Jun 14
Beijing Shougang Co., Ltd. Announces Final Cash Dividend on A Shares for 2024, Payable on 20 June 2025 Beijing Shougang Co., Ltd. announced final cash dividend (tax included) of CNY 0.22000000 per 10 shares on A shares for 2024. Record date: 19 June 2025. Ex-date: 20 June 2025. Payment date: 20 June 2025. Announcement • May 22
Beijing Shougang Co., Ltd. Proposes Cash Dividend for 2024 Beijing Shougang Co., Ltd. at its AGM, to be held on 06 June 2025, proposed Cash dividend (tax included): CNY 0.22000000 per ten shares for 2024. Announcement • May 16
Beijing Shougang Co., Ltd., Annual General Meeting, Jun 06, 2025 Beijing Shougang Co., Ltd., Annual General Meeting, Jun 06, 2025, at 14:30 China Standard Time. Location: 2F, No. 68, Shijingshan Road, Shijingshan District, Beijing China Major Estimate Revision • May 02
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥109.0b to CN¥97.5b. EPS estimate fell from CN¥0.11 to CN¥0.10 per share. Net income forecast to grow 5.0% next year vs 41% growth forecast for Metals and Mining industry in China. Consensus price target of CN¥3.85 unchanged from last update. Share price rose 3.7% to CN¥3.61 over the past week. Announcement • Apr 19
Beijing Shougang Co., Ltd. Proposes Final Cash Dividend for 2024 Beijing Shougang Co., Ltd. announced on 18 April 2025 the profit distribution proposal for 2024 as follows: Final cash dividend per 10 shares (tax included) of CNY 0.22000000. Announcement • Mar 31
Beijing Shougang Co., Ltd. to Report Q1, 2025 Results on Apr 18, 2025 Beijing Shougang Co., Ltd. announced that they will report Q1, 2025 results on Apr 18, 2025 Announcement • Dec 31
Beijing Shougang Co., Ltd. to Report Fiscal Year 2024 Results on Apr 18, 2025 Beijing Shougang Co., Ltd. announced that they will report fiscal year 2024 results on Apr 18, 2025 Reported Earnings • Oct 30
Third quarter 2024 earnings released: CN¥0.024 loss per share (vs CN¥0.068 profit in 3Q 2023) Third quarter 2024 results: CN¥0.024 loss per share (down from CN¥0.068 profit in 3Q 2023). Revenue: CN¥25.3b (down 8.6% from 3Q 2023). Net loss: CN¥191.1m (down 135% from profit in 3Q 2023). Revenue is forecast to stay flat 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, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Oct 29
Now 24% undervalued Over the last 90 days, the stock has risen 19% to CN¥3.33. The fair value is estimated to be CN¥4.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.7% in 2 years. Earnings are forecast to grow by 92% in the next 2 years. Buy Or Sell Opportunity • Oct 09
Now 24% undervalued Over the last 90 days, the stock has risen 20% to CN¥3.32. The fair value is estimated to be CN¥4.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.7% in 2 years. Earnings are forecast to grow by 92% in the next 2 years. Announcement • Sep 30
Beijing Shougang Co., Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Beijing Shougang Co., Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥3.08, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥4.29 per share. Reported Earnings • Aug 26
Second quarter 2024 earnings released: EPS: CN¥0.055 (vs CN¥0.065 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.055 (down from CN¥0.065 in 2Q 2023). Revenue: CN¥27.1b (down 5.3% from 2Q 2023). Net income: CN¥419.1m (down 11% from 2Q 2023). Profit margin: 1.5% (down from 1.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat 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, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 24
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥99.9b to CN¥107.8b. EPS estimate fell from CN¥0.15 to CN¥0.13 per share. Net income forecast to grow 67% next year vs 34% growth forecast for Metals and Mining industry in China. Consensus price target down from CN¥4.04 to CN¥3.15. Share price was steady at CN¥2.68 over the past week. Price Target Changed • Aug 23
Price target decreased by 22% to CN¥3.15 Down from CN¥4.04, the current price target is provided by 1 analyst. New target price is 18% above last closing price of CN¥2.68. Stock is down 30% over the past year. The company is forecast to post earnings per share of CN¥0.15 for next year compared to CN¥0.086 last year. Announcement • Jul 12
Beijing Shougang Co., Ltd. Announces Final Profit Distribution Plan to Be Implemented on A Shares for the Year 2023, Payable on 17 July 2024 Beijing Shougang Co., Ltd. announced final profit distribution plan to be implemented on A shares as cash dividend per ten shares (tax included) of CNY 0.30000000 for the year 2023, payable on 17 July 2024. Record date is 16 July 2024. Ex-date is 17 July 2024. Announcement • Jun 29
Beijing Shougang Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024 Beijing Shougang Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024 Announcement • May 22
Beijing Shougang Co., Ltd. announced that it expects to receive CNY 493.958306 million in funding Beijing Shougang Co., Ltd. announced a private placement that it will issue A shares for the gross proceeds of CNY 493,958,306 on May 20, 2024. Reported Earnings • Apr 23
First quarter 2024 earnings released: CN¥0.003 loss per share (vs CN¥0.007 loss in 1Q 2023) First quarter 2024 results: CN¥0.003 loss per share (improved from CN¥0.007 loss in 1Q 2023). Revenue: CN¥29.5b (up 2.9% from 1Q 2023). Net loss: CN¥24.3m (loss narrowed 58% from 1Q 2023). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in China are expected to grow by 9.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Apr 10
Beijing Shougang Co., Ltd. Approves Non-Independent Directors Election Beijing Shougang Co., Ltd. at the second Extraordinary General Meeting held on 08 April 2024, approved election of Sun Maolin and Li Ming as non-independent directors. Announcement • Mar 30
Beijing Shougang Co., Ltd. to Report Q1, 2024 Results on Apr 22, 2024 Beijing Shougang Co., Ltd. announced that they will report Q1, 2024 results on Apr 22, 2024 Announcement • Feb 24
Beijing Shougang Co., Ltd. Announces Directors Appointments Beijing Shougang Co., Ltd. held its 1st Extraordinary General Meeting of 2024 on 22 February 2024 were approved Election of Wang Cuimin as an independent director and Election of Dai Jun as a supervisor. Announcement • Dec 30
Beijing Shougang Co., Ltd. Approves the Election of Qiu Yinfu as Director Beijing Shougang Co., Ltd. at its Extraordinary General Meeting held on 28 December 2023 approved the election of Qiu Yinfu as a director. Announcement • Dec 29
Beijing Shougang Co., Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Beijing Shougang Co., Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 New Risk • Nov 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.068 (vs CN¥0.002 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.068 (up from CN¥0.002 in 3Q 2022). Revenue: CN¥27.7b (flat on 3Q 2022). Net income: CN¥540.0m (up CN¥521.7m from 3Q 2022). Profit margin: 2.0% (up from 0.1% in 3Q 2022). Revenue is forecast to grow 4.0% 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 38% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Oct 10
Beijing Shougang Co., Ltd. Approves Zhu Guosen as Director Beijing Shougang Co., Ltd. held its 1st Extraordinary General Meeting of 2023 on 28 September 2023 were approved Election of Zhu Guosen as a director. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: CN¥0.065 (vs CN¥0.091 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.065 (down from CN¥0.091 in 2Q 2022). Revenue: CN¥28.7b (down 10% from 2Q 2022). Net income: CN¥468.8m (down 34% from 2Q 2022). Profit margin: 1.6% (down from 2.2% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% 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. Announcement • Jul 01
Beijing Shougang Co., Ltd. to Report First Half, 2023 Results on Aug 12, 2023 Beijing Shougang Co., Ltd. announced that they will report first half, 2023 results on Aug 12, 2023 Announcement • Jun 13
Beijing Shougang Co., Ltd., Annual General Meeting, Jun 30, 2023 Beijing Shougang Co., Ltd., Annual General Meeting, Jun 30, 2023, at 14:30 China Standard Time. Agenda: To consider 2022 report of the board of directors; to consider 2022 report of the supervisory committee; to consider 2022 annual report and its summary; to consider 2022 annual accounts; to consider 2022 profit distribution plan; and to transact such other business matter. Reported Earnings • Apr 22
First quarter 2023 earnings released: CN¥0.007 loss per share (vs CN¥0.16 profit in 1Q 2022) First quarter 2023 results: CN¥0.007 loss per share (down from CN¥0.16 profit in 1Q 2022). Revenue: CN¥28.7b (down 9.8% from 1Q 2022). Net loss: CN¥58.5m (down 106% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Independent Director Li Zeng 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 • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.002 (vs CN¥0.36 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.002 (down from CN¥0.36 in 3Q 2021). Revenue: CN¥27.9b (down 23% from 3Q 2021). Net income: CN¥18.4m (down 99% from 3Q 2021). Profit margin: 0.1% (down from 6.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 22
Beijing Shougang Co., Ltd. Announces Interim Dividend on A Shares for the Year 2022, Payable on September 27, 2022 Beijing Shougang Co., Ltd. announced interim cash dividend/10 shares (tax included) of CNY0.80000000 on A shares for the year 2022. Record date is 26 September 2022. Ex-date is September 27, 2022. Payment date is September 27, 2022. Announcement • Sep 07
Beijing Shougang Plans to Buy Assets from Controlling Shareholder's Mining Branch Beijing Shougang Co., Ltd. (SZSE:000959) said it plans to buy assets from controlling shareholder's mining branch via cash, deal amount to be determined. Announcement • Aug 25
Beijing Shougang Co., Ltd. Announces the Profit Distribution Proposal for the First Half of 2022 Beijing Shougang Co., Ltd. announced the profit distribution proposal for the first half of 2022. The company proposed Cash dividend/10 shares (tax included) of CNY 0.80000000. Announcement • Jun 09
Beijing Shougang Co., Ltd., Annual General Meeting, Jun 29, 2022 Beijing Shougang Co., Ltd., Annual General Meeting, Jun 29, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 report of the board of directors; to consider 2021 report of the supervisory committee; to consider 2021 annual report and its summary; to consider 2021 annual accounts; to consider 2021 profit distribution plan; to consider 2022 financial budget report; to consider reappointment of audit firm; to consider continuing connected transaction quota from Jan to Feb 2022 and the estimated continuing connected transaction quota in 2022; and to consider any other matter thereof. Board Change • May 06
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Wenxian Gu 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 • Apr 30
First quarter 2022 earnings released: EPS: CN¥0.16 (vs CN¥0.20 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.16. Revenue: CN¥31.8b (up 8.8% from 1Q 2021). Net income: CN¥1.05b (up 1.0% from 1Q 2021). Profit margin: 3.3% (down from 3.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 19
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: CN¥1.13 (up from CN¥0.34 in FY 2020). Revenue: CN¥133.4b (up 67% from FY 2020). Net income: CN¥7.02b (up 293% from FY 2020). Profit margin: 5.3% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥4.86, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 27x in the Metals and Mining industry in China. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥7.11, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 32x in the Metals and Mining industry in China. Total returns to shareholders of 88% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.36 (vs CN¥0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥36.2b (up 72% from 3Q 2020). Net income: CN¥2.39b (up 267% from 3Q 2020). Profit margin: 6.6% (up from 3.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥7.16, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 65% over the past three years. Announcement • Aug 21
Beijing Shougang Co., Ltd. Announces Final Cash Dividend for the Year 2020 Beijing Shougang Co., Ltd. announced final cash dividend/10 shares (tax included) is CNY 1.000000 for the year 2020. Reported Earnings • Aug 20
Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.061 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥34.1b (up 106% from 2Q 2020). Net income: CN¥2.39b (up CN¥2.07b from 2Q 2020). Profit margin: 7.0% (up from 2.0% 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 3% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 24% share price gain to CN¥7.82, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 95% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥7.11, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 22% share price gain to CN¥6.13, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total returns to shareholders of 46% over the past three years. Reported Earnings • May 01
First quarter 2021 earnings released: EPS CN¥0.20 (vs CN¥0.038 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥29.3b (up 71% from 1Q 2020). Net income: CN¥1.04b (up 425% from 1Q 2020). Profit margin: 3.6% (up from 1.2% in 1Q 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 increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥5.27, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 33x in the Metals and Mining industry in China. Total returns to shareholders of 17% over the past three years. Is New 90 Day High Low • Mar 03
New 90-day high: CN¥4.43 The company is up 8.0% from its price of CN¥4.09 on 03 December 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 11% over the same period. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥4.24, the stock is trading at a trailing P/E ratio of 17.5x, up from the previous P/E ratio of 15x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total return to shareholders over the past three years is a loss of 27%. Is New 90 Day High Low • Jan 13
New 90-day low: CN¥3.63 The company is down 5.0% from its price of CN¥3.81 on 15 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 15% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: CN¥3.64 The company is down 17% from its price of CN¥4.39 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Oct 16
Beijing Shougang Co., Ltd. to Report Q3, 2020 Results on Oct 22, 2020 Beijing Shougang Co., Ltd. announced that they will report Q3, 2020 results on Oct 22, 2020 Announcement • Oct 03
Beijing Shougang Co., Ltd. (SZSE:000959) agreed to acquire 19.18% stake in Shougang Jingtang United Iron & Steel Co. Ltd. from Beijing Jing Guorui State-owned Enterprise Reform and Development Fund and others. Beijing Shougang Co., Ltd. (SZSE:000959) agreed to acquire 19.18% stake in Shougang Jingtang United Iron & Steel Co. Ltd. from Beijing Jing Guorui State-owned Enterprise Reform and Development Fund and others on September 25, 2020. Under the terms, Beijing Shougang will acquire 7.67% held by Beijing Jing Guorui State-owned Enterprise Reform and Development Fund and 11.5% held by another seller. The consideration will be made through issuance of equity shares in Beijing Shougang. As of December 31, 2019, Shougang Jingtang United Iron & Steel had total assets worth CNY 82 billion, owner's equity worth CNY 26.3 billion, revenue of CNY 36.2 billion and net profit of CNY 1 billion. The transaction is subject to approval from The Beijing State-owned Assets Supervision and Administration Commission approved the assessment results of the target assets of this transaction, State-owned Assets Supervision and Administration Commission of Beijing Municipal People's Government, The shareholders' meeting of the acquirer and The China Securities Regulatory Commission. Matters related to this transaction have been reviewed and approved by the board of directors of Shougang Group Co., Ltd, This transaction has been reviewed and approved by Beijing Infrastructure Investment Co., Ltd. in performing its decision-making procedures in accordance with regulations, and has been reviewed and approved by Beijing Jingguorui State-owned Enterprise Reform and Development Fund (Limited Partnership)'s competent decision-making body; The transaction has passed the pre-audit of State-owned Assets Supervision and Administration Commission of Beijing Municipal People's Government, The transaction has been reviewed and approved at the fifth meeting of the seventh directorate of the company. Announcement • Sep 26
Beijing Shougang Co., Ltd. announced a financing transaction Beijing Shougang Co., Ltd. (SZSE:000959) announced that it will receive an equity round of funding on September 24, 2020. The transaction will include participation from thirty-five qualified investors. The transaction has been reviewed and approved at the 5th meeting of the seventh directorate of the company. The transaction is subject to approval from the shareholders' and China Securities Regulatory Commission. Is New 90 Day High Low • Sep 25
New 90-day low: CN¥4.21 The company is down 2.0% from its price of CN¥4.29 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also 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 per share. Price Target Changed • Sep 25
Price target lowered to CN¥4.33 Down from CN¥5.16, the current price target is an average from 3 analysts. The new target price is close to the current share price of CN¥4.21. As of last close, the stock is up 25% over the past year. Announcement • Aug 13
Beijing Shougang Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Beijing Shougang Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020 
