Announcement • Jun 30
Jiangsu Shagang Co., Ltd. to Report First Half, 2026 Results on Aug 22, 2026 Jiangsu Shagang Co., Ltd. announced that they will report first half, 2026 results on Aug 22, 2026 Declared Dividend • Jun 15
Dividend of CN¥0.025 announced Dividend of CN¥0.025 is the same as last year. Ex-date: 18th June 2026 Payment date: 18th June 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 50% to shift the payout ratio to a potentially unsustainable range, which is more than the 21% EPS decline seen over the last 5 years. Reported Earnings • Apr 29
First quarter 2026 earnings released: EPS: CN¥0.023 (vs CN¥0.031 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.023 (down from CN¥0.031 in 1Q 2025). Revenue: CN¥3.20b (down 8.4% from 1Q 2025). Net income: CN¥51.4m (down 25% from 1Q 2025). Profit margin: 1.6% (down from 2.0% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Apr 24
Jiangsu Shagang Co., Ltd., Annual General Meeting, May 19, 2026 Jiangsu Shagang Co., Ltd., Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: 4F, Shagang Hotel, Jinfeng Town, Zhangjiagang, Jiangsu China Announcement • Mar 31
Jiangsu Shagang Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026 Jiangsu Shagang Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026 Announcement • Dec 31
Jiangsu Shagang Co., Ltd. to Report Fiscal Year 2025 Results on Apr 24, 2026 Jiangsu Shagang Co., Ltd. announced that they will report fiscal year 2025 results on Apr 24, 2026 Declared Dividend • Oct 19
First half dividend of CN¥0.025 announced Dividend of CN¥0.025 is the same as last year. Ex-date: 24th October 2025 Payment date: 24th October 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 40% to shift the payout ratio to a potentially unsustainable range, which is more than the 15% EPS decline seen over the last 5 years. Announcement • Sep 30
Jiangsu Shagang Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Jiangsu Shagang Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Sep 11
Jiangsu Shagang Co., Ltd. Approves Interim Cash Dividend for the Year 2025 Jiangsu Shagang Co., Ltd. in its 1st Extraordinary General Meeting of 2025 on 09 September 2025, approved the interim cash dividend of CNY 0.25000000 per 10 shares for the year 2025. Reported Earnings • Aug 22
Second quarter 2025 earnings released: EPS: CN¥0.04 (vs CN¥0.028 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.04 (up from CN¥0.028 in 2Q 2024). Revenue: CN¥3.33b (down 16% from 2Q 2024). Net income: CN¥86.9m (up 41% from 2Q 2024). Profit margin: 2.6% (up from 1.6% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Aug 22
Jiangsu Shagang Co., Ltd. Proposes Interim Cash Dividend for the Year 2025 Jiangsu Shagang Co., Ltd. at its EGM to be held on September 9, 2025, proposed interim cash dividend/10 shares (tax included) of CNY 0.25000000 for the year 2025. Announcement • Jul 02
Jiangsu Shagang Co., Ltd. to Report First Half, 2025 Results on Aug 21, 2025 Jiangsu Shagang Co., Ltd. announced that they will report first half, 2025 results on Aug 21, 2025 Declared Dividend • Jun 16
Dividend of CN¥0.025 announced Shareholders will receive a dividend of CN¥0.025. Ex-date: 18th June 2025 Payment date: 18th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 29% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years. Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.09 in FY 2023) Full year 2024 results: EPS: CN¥0.07 (down from CN¥0.09 in FY 2023). Revenue: CN¥14.4b (down 6.1% from FY 2023). Net income: CN¥162.6m (down 16% from FY 2023). Profit margin: 1.1% (down from 1.3% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Apr 10
Jiangsu Shagang Co., Ltd. Proposes Final Cash Dividend for the Year 2024 Jiangsu Shagang Co., Ltd. announced on 09 April 2025 the profit distribution proposal for the year 2024 as final cash dividend/10 shares (tax included) of CNY 0.25000000. Announcement • Apr 09
Jiangsu Shagang Co., Ltd., Annual General Meeting, Apr 30, 2025 Jiangsu Shagang Co., Ltd., Annual General Meeting, Apr 30, 2025, at 14:00 China Standard Time. Location: 4F, Shagang Hotel, Jinfeng Town, Zhangjiagang, Jiangsu China Announcement • Mar 31
Jiangsu Shagang Co., Ltd. to Report Q1, 2025 Results on Apr 24, 2025 Jiangsu Shagang Co., Ltd. announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Dec 31
Jiangsu Shagang Co., Ltd. to Report Fiscal Year 2024 Results on Apr 09, 2025 Jiangsu Shagang Co., Ltd. announced that they will report fiscal year 2024 results on Apr 09, 2025 New Risk • Dec 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 142% Paying a dividend despite having no free cash flows. Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: CN¥0.001 (vs CN¥0.031 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.001 (down from CN¥0.031 in 3Q 2023). Revenue: CN¥3.15b (down 17% from 3Q 2023). Net income: CN¥1.34m (down 98% from 3Q 2023). Profit margin: 0% (down from 1.8% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. New Risk • Sep 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 16% per year over the past 5 years. Minor Risk Paying a dividend despite having no free cash flows. Announcement • Sep 30
Jiangsu Shagang Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Jiangsu Shagang 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 18% After last week's 18% share price gain to CN¥5.44, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 23x in the Metals and Mining industry in China. Total loss to shareholders of 17% over the past three years. Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: CN¥0.028 (vs CN¥0.025 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.028 (up from CN¥0.025 in 2Q 2023). Revenue: CN¥3.95b (up 6.4% from 2Q 2023). Net income: CN¥61.6m (up 12% from 2Q 2023). Profit margin: 1.6% (up from 1.5% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥4.43, the stock trades at a trailing P/E ratio of 52.7x. Average trailing P/E is 24x in the Metals and Mining industry in China. Total loss to shareholders of 34% over the past three years. New Risk • Jul 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (1.2% net profit margin). Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥4.52, the stock trades at a trailing P/E ratio of 53.8x. Average trailing P/E is 25x in the Metals and Mining industry in China. Total loss to shareholders of 44% over the past three years. Announcement • Jun 29
Jiangsu Shagang Co., Ltd. to Report First Half, 2024 Results on Aug 21, 2024 Jiangsu Shagang Co., Ltd. announced that they will report first half, 2024 results on Aug 21, 2024 Board Change • Jun 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman of the board Yongxin Ji 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. Declared Dividend • Jun 21
Dividend of CN¥0.05 announced Dividend of CN¥0.05 is the same as last year. Ex-date: 26th June 2024 Payment date: 26th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (58% 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 decreased over the past 66 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 35% to shift the payout ratio to a potentially unsustainable range, which is more than the 29% EPS decline seen over the last 5 years. Announcement • Jun 20
Jiangsu Shagang Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2023, Payable on June 26, 2024 Jiangsu Shagang Co., Ltd. announced final cash dividend of CNY 0.50 per 10 shares on A shares for the year 2023. Record date is June 25, 2024, Ex-Date is June 26, 2024 and Payment Date is June 26, 2024. Announcement • Apr 28
Jiangsu Shagang Co., Ltd., Annual General Meeting, May 17, 2024 Jiangsu Shagang Co., Ltd., Annual General Meeting, May 17, 2024, at 10:00 China Standard Time. Location: 4F, Shagang Hotel, Jinfeng Town, Zhangjiagang, Jiangsu China Agenda: To 2023 annual report and its summary; to 2023 work report of the board of directors; to 2023 work report of the supervisory committee; to 2023 annual accounts report; to 2023 profit distribution plan; to Investment and wealth management with idle proprietary funds; to Connected transactions regarding purchase of wealth management products with idle proprietary funds; to Application for comprehensive credit line to financial institutions by controlled subsidiaries; and to consider other matters. Announcement • Apr 27
Jiangsu Shagang Co., Ltd. Proposes Final Dividend for the Year 2023 Jiangsu Shagang Co., Ltd. announced on 26 April 2024 the profit distribution proposal for 2023 as follows: Cash dividend/10 shares (tax included): CNY 0.50000000. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: CN¥0.019 (vs CN¥0.024 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.019 (down from CN¥0.024 in 1Q 2023). Revenue: CN¥3.71b (down 4.6% from 1Q 2023). Net income: CN¥42.5m (down 18% from 1Q 2023). Profit margin: 1.1% (down from 1.3% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Mar 30
Jiangsu Shagang Co., Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Jiangsu Shagang Co., Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥4.03, the stock trades at a trailing P/E ratio of 45.8x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥2.92, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 23x in the Metals and Mining industry in China. Total loss to shareholders of 66% over the past three years. Announcement • Dec 29
Jiangsu Shagang Co., Ltd. to Report Fiscal Year 2023 Results on Apr 26, 2024 Jiangsu Shagang Co., Ltd. announced that they will report fiscal year 2023 results on Apr 26, 2024 New Risk • Nov 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 74% 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 Earnings have declined by 14% per year over the past 5 years. 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 (1.2% net profit margin). Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: CN¥0.027 (vs CN¥0.03 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.027 (down from CN¥0.03 in 3Q 2022). Revenue: CN¥3.75b (down 11% from 3Q 2022). Net income: CN¥59.0m (down 9.0% from 3Q 2022). Profit margin: 1.6% (up from 1.5% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 35% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CN¥0.025 (vs CN¥0.075 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.025 (down from CN¥0.075 in 2Q 2022). Revenue: CN¥3.71b (down 26% from 2Q 2022). Net income: CN¥55.0m (down 66% from 2Q 2022). Profit margin: 1.5% (down from 3.2% in 2Q 2022). 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 31% per year, which means it is performing significantly worse than earnings. Board Change • Jul 08
High number of new directors There are 5 new directors who have joined the board in the last 3 years. GM & Director Hongjian Qian 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. Announcement • Jun 13
Jiangsu Shagang Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on June 16, 2023 Jiangsu Shagang Co., Ltd. announced final cash dividend of CNY 0.50 per 10 shares on A shares for the year 2022. Record date is June 15, 2023, Ex-Date is June 16, 2023 and Payment Date is June 16, 2023. Reported Earnings • Apr 24
First quarter 2023 earnings released: EPS: CN¥0.024 (vs CN¥0.09 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.024 (down from CN¥0.09 in 1Q 2022). Revenue: CN¥3.88b (down 16% from 1Q 2022). Net income: CN¥51.5m (down 74% from 1Q 2022). Profit margin: 1.3% (down from 4.2% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: CN¥0.03 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.03 (down from CN¥0.13 in 3Q 2021). Revenue: CN¥4.23b (down 12% from 3Q 2021). Net income: CN¥64.8m (down 77% from 3Q 2021). Profit margin: 1.5% (down from 5.9% 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 24% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥4.32, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 29x in the Metals and Mining industry in China. Total loss to shareholders of 38% over the past three years. Reported Earnings • Aug 21
Second quarter 2022 earnings released: EPS: CN¥0.075 (vs CN¥0.15 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.075 (down from CN¥0.15 in 2Q 2021). Revenue: CN¥5.05b (down 2.7% from 2Q 2021). Net income: CN¥163.8m (down 49% from 2Q 2021). Profit margin: 3.2% (down from 6.2% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jun 01
Jiangsu Shagang Co., Ltd. Announces Final Cash Dividend on A Shares for 2021, Payable on 08 June 2022 Jiangsu Shagang Co., Ltd. announced final cash dividend of CNY 0.80000000 per 10 shares on A shares for 2021. Record date is 07 June 2022, Ex-date is 08 June 2022 and Payment date is 08 June 2022. Announcement • May 08
Shagang Gufen Approves Final Cash Dividend for the Year 2021 Shagang Gufen held its Annual General Meeting of 2021 on 29 April 2022, during which it approved final cash dividend of CNY 0.80000000 per ten shares (tax included) for the year 2021. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: CN¥0.09 (down from CN¥0.10 in 1Q 2021). Revenue: CN¥4.64b (up 13% from 1Q 2021). Net income: CN¥197.1m (down 12% from 1Q 2021). Profit margin: 4.2% (down from 5.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Apr 13
Jiangsu Shagang Co., Ltd., Annual General Meeting, Apr 29, 2022 Jiangsu Shagang Co., Ltd., Annual General Meeting, Apr 29, 2022, at 09:30 China Standard Time. Agenda: to consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual report and its summary. Announcement • Apr 12
Jiangsu Shagang Co., Ltd. Announces Final Cash for the year 2021 Jiangsu Shagang Co., Ltd. announced final cash dividend/10 shares (tax included) of CNY 0.80000000 for the year 2021. Reported Earnings • Mar 11
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥0.49 (up from CN¥0.30 in FY 2020). Revenue: CN¥18.5b (up 28% from FY 2020). Net income: CN¥1.08b (up 66% from FY 2020). Profit margin: 5.8% (up from 4.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥7.23, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 30x in the Metals and Mining industry in China. Total loss to shareholders of 19% over the past three years. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.082 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥4.78b (up 22% from 3Q 2020). Net income: CN¥280.1m (up 55% from 3Q 2020). Profit margin: 5.9% (up from 4.6% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 10
Second quarter 2021 earnings released: EPS CN¥0.15 (vs CN¥0.069 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥5.19b (up 39% from 2Q 2020). Net income: CN¥321.2m (up 109% from 2Q 2020). Profit margin: 6.2% (up from 4.1% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CN¥9.37, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 23% share price gain to CN¥12.19, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 28x in the Metals and Mining industry in China. Total loss to shareholders of 7.8% over the past year. Announcement • May 12
Jiangsu Shagang Co., Ltd. Announces Final Cash Dividend for 2020, Payable on 18 May 2021 Jiangsu Shagang Co., Ltd. announced final cash dividend of CNY 1.00 per ten A shares (tax included) for 2020, payable on 18 May 2021 to the recorded shareholders on 17 May 2021 and the ex-date is 18 May 2021. Reported Earnings • Apr 28
First quarter 2021 earnings released: EPS CN¥0.10 (vs CN¥0.045 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥4.10b (up 49% from 1Q 2020). Net income: CN¥224.9m (up 129% from 1Q 2020). Profit margin: 5.5% (up from 3.6% in 1Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥10.71, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 33x in the Metals and Mining industry in China. Total loss to shareholders of 9.3% over the past year. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS CN¥0.30 (vs CN¥0.24 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥14.4b (up 7.1% from FY 2019). Net income: CN¥649.5m (up 23% from FY 2019). Profit margin: 4.5% (up from 3.9% in FY 2019). The increase in margin was driven by higher revenue. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.24 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥14.4b (up 7.1% from FY 2019). Net income: CN¥648.0m (up 23% from FY 2019). Profit margin: 4.5% (up from 3.9% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥10.76, the stock is trading at a trailing P/E ratio of 40x, up from the previous P/E ratio of 34.5x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total returns to shareholders over the past year are 68%. Announcement • Feb 20
Jiangsu Shagang Co., Ltd. to Report Fiscal Year 2020 Results on Mar 25, 2021 Jiangsu Shagang Co., Ltd. announced that they will report fiscal year 2020 results on Mar 25, 2021 Is New 90 Day High Low • Jan 29
New 90-day low: CN¥9.74 The company is down 25% from its price of CN¥12.95 on 30 October 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 20% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: CN¥10.52 The company is down 13% from its price of CN¥12.11 on 30 September 2020. The Chinese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 14
New 90-day low: CN¥11.22 The company is down 15% from its price of CN¥13.20 on 15 September 2020. The Chinese market is up 1.0% 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. Valuation Update With 7 Day Price Move • Nov 26
Market pulls back on stock over the past week After last week's 19% share price decline to CN¥13.54, the stock is trading at a trailing P/E ratio of 50.4x, down from the previous P/E ratio of 62.1x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total returns to shareholders over the past year are 119%. Is New 90 Day High Low • Nov 04
New 90-day high: CN¥14.24 The company is up 16% from its price of CN¥12.23 on 06 August 2020. The Chinese market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 11% over the same period. Reported Earnings • Oct 26
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥591.7m, up 6.9% from the prior year. Total revenue was CN¥13.9b over the last 12 months, up 2.3% from the prior year. Announcement • Oct 19
Jiangsu Shagang Co., Ltd. to Report Q3, 2020 Results on Oct 26, 2020 Jiangsu Shagang Co., Ltd. announced that they will report Q3, 2020 results on Oct 26, 2020 Is New 90 Day High Low • Oct 16
New 90-day high: CN¥13.22 The company is up 14% from its price of CN¥11.56 on 17 July 2020. The Chinese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. Announcement • Jul 31
Jiangsu Shagang Co., Ltd. to Report First Half, 2020 Results on Aug 22, 2020 Jiangsu Shagang Co., Ltd. announced that they will report first half, 2020 results on Aug 22, 2020 
