Announcement • Jun 30
Fushun Special Steel Co.,LTD. to Report First Half, 2026 Results on Aug 20, 2026 Fushun Special Steel Co.,LTD. announced that they will report first half, 2026 results on Aug 20, 2026 Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Independent Director Min Ge was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Mar 31
Fushun Special Steel Co.,LTD., Annual General Meeting, Apr 29, 2026 Fushun Special Steel Co.,LTD., Annual General Meeting, Apr 29, 2026, at 14:30 China Standard Time. Location: Office Building, No. 8, Anshan Road East Section, Wanghua District, Fushun, Liaoning China Announcement • Mar 30
Fushun Special Steel Co.,LTD. to Report Q1, 2026 Results on Apr 25, 2026 Fushun Special Steel Co.,LTD. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 26
Fushun Special Steel Co.,LTD. to Report Fiscal Year 2025 Results on Mar 31, 2026 Fushun Special Steel Co.,LTD. announced that they will report fiscal year 2025 results on Mar 31, 2026 Announcement • Sep 30
Fushun Special Steel Co.,LTD. to Report Q3, 2025 Results on Oct 31, 2025 Fushun Special Steel Co.,LTD. announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
Fushun Special Steel Co.,LTD. to Report First Half, 2025 Results on Aug 30, 2025 Fushun Special Steel Co.,LTD. announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 14
Fushun Special Steel Co.,LTD., Annual General Meeting, May 09, 2025 Fushun Special Steel Co.,LTD., Annual General Meeting, May 09, 2025, at 14:30 China Standard Time. Location: Office Building, No. 8, Anshan Road East Section, Wanghua District, Fushun, Liaoning China Announcement • Mar 28
Fushun Special Steel Co.,LTD. to Report Q1, 2025 Results on Apr 30, 2025 Fushun Special Steel Co.,LTD. announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
Fushun Special Steel Co.,LTD. to Report Fiscal Year 2024 Results on Apr 12, 2025 Fushun Special Steel Co.,LTD. announced that they will report fiscal year 2024 results on Apr 12, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.045 (vs CN¥0.063 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.045 (down from CN¥0.063 in 3Q 2023). Revenue: CN¥2.16b (up 5.0% from 3Q 2023). Net income: CN¥87.8m (down 30% from 3Q 2023). Profit margin: 4.1% (down from 6.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average 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, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 32% per year. Announcement • Oct 31
Fushun Special Steel Co.,LTD. (SHSE:600399) announces an Equity Buyback for CNY 100 million worth of its shares. Fushun Special Steel Co.,LTD. (SHSE:600399) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The repurchase price will not exceed CNY 8.5 per share. The shares repurchased will be used for equity incentives. The source of funds for the repurchase will be from own funds or self-raised funds. The program will run over a period of 6 months from the date of board approval. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥7.07, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 66% over the past three years. Announcement • Sep 30
Fushun Special Steel Co.,LTD. to Report Q3, 2024 Results on Oct 31, 2024 Fushun Special Steel Co.,LTD. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥5.73, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Metals and Mining industry in China. Total loss to shareholders of 73% over the past three years. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.058 (vs CN¥0.05 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.058 (up from CN¥0.05 in 2Q 2023). Revenue: CN¥2.21b (flat on 2Q 2023). Net income: CN¥113.4m (up 17% from 2Q 2023). Profit margin: 5.1% (up from 4.4% in 2Q 2023). Revenue is forecast to grow 13% p.a. on average 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 41% per year and the company’s share price has also fallen by 41% per year. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥6.20, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Metals and Mining industry in China. Total loss to shareholders of 67% over the past three years. Announcement • Jun 28
Fushun Special Steel Co.,LTD. to Report First Half, 2024 Results on Aug 31, 2024 Fushun Special Steel Co.,LTD. announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.058 (vs CN¥0.031 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.058 (up from CN¥0.031 in 1Q 2023). Revenue: CN¥2.07b (up 3.1% from 1Q 2023). Net income: CN¥114.5m (up 90% from 1Q 2023). Profit margin: 5.5% (up from 3.0% in 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. New Risk • Apr 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 0.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 01
Full year 2023 earnings released: EPS: CN¥0.18 (vs CN¥0.10 in FY 2022) Full year 2023 results: EPS: CN¥0.18 (up from CN¥0.10 in FY 2022). Revenue: CN¥8.57b (up 9.7% from FY 2022). Net income: CN¥362.3m (up 84% from FY 2022). Profit margin: 4.2% (up from 2.5% in FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Mar 29
Fushun Special Steel Co.,LTD. to Report Q1, 2024 Results on Apr 30, 2024 Fushun Special Steel Co.,LTD. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥5.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Metals and Mining industry in China. Total loss to shareholders of 61% over the past three years. New Risk • Jan 17
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 6.0% 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: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.2% net profit margin). Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥7.28, 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 50% over the past three years. Announcement • Dec 30
Fushun Special Steel Co.,LTD. to Report Fiscal Year 2023 Results on Mar 30, 2024 Fushun Special Steel Co.,LTD. announced that they will report fiscal year 2023 results on Mar 30, 2024 Announcement • Jun 28
Fushun Special Steel Co.,LTD. to Report Q2, 2023 Results on Aug 19, 2023 Fushun Special Steel Co.,LTD. announced that they will report Q2, 2023 results on Aug 19, 2023 Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥12.08, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Metals and Mining industry in China. Total returns to shareholders of 204% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Director Wenhao Piao was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.063 (vs CN¥0.13 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.063 (down from CN¥0.13 in 3Q 2021). Revenue: CN¥1.92b (up 6.8% from 3Q 2021). Net income: CN¥115.7m (down 54% from 3Q 2021). Profit margin: 6.0% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 82% per year, which means it is well ahead of earnings. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: CN¥0.047 (vs CN¥0.13 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.047 (down from CN¥0.13 in 2Q 2021). Revenue: CN¥1.99b (up 1.4% from 2Q 2021). Net income: CN¥97.9m (down 62% from 2Q 2021). Profit margin: 4.9% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 24%, compared to a 32% growth forecast for the Metals and Mining industry in China. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥18.76, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 15x in the Metals and Mining industry in China. Total returns to shareholders of 499% over the past three years. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥14.16, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 12x in the Metals and Mining industry in China. Total returns to shareholders of 296% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: CN¥0.043 (vs CN¥0.088 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.043 (down from CN¥0.088 in 1Q 2021). Revenue: CN¥1.82b (up 1.0% from 1Q 2021). Net income: CN¥85.4m (down 51% from 1Q 2021). Profit margin: 4.7% (down from 9.6% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 24%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Director Wenhao Piao was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥12.68, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Metals and Mining industry in China. Total returns to shareholders of 178% over the past three years. Reported Earnings • Apr 01
Full year 2021 earnings released: EPS: CN¥0.40 (vs CN¥0.28 in FY 2020) Full year 2021 results: EPS: CN¥0.40 (up from CN¥0.28 in FY 2020). Revenue: CN¥7.41b (up 18% from FY 2020). Net income: CN¥783.4m (up 42% from FY 2020). Profit margin: 11% (up from 8.8% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 10,868% growth forecast for the 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 120 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥12.98, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Metals and Mining industry in China. Total returns to shareholders of 261% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.55 per share. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥19.08, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 631% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.46 per share. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.11 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥1.80b (up 12% from 3Q 2020). Net income: CN¥253.9m (up 15% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 108% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥22.73, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 19x in the Metals and Mining industry in China. Total returns to shareholders of 884% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.13 (vs CN¥0.052 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.97b (up 18% from 2Q 2020). Net income: CN¥258.4m (up 151% from 2Q 2020). Profit margin: 13% (up from 6.2% in 2Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥23.09, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 20x in the Metals and Mining industry in China. Total returns to shareholders of 344% over the past year. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥20.04, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 346% over the past year. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥17.56, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 324% over the past year. Reported Earnings • May 04
First quarter 2021 earnings released: EPS CN¥0.088 (vs CN¥0.041 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.80b (up 25% from 1Q 2020). Net income: CN¥172.8m (up 116% from 1Q 2020). Profit margin: 9.6% (up from 5.6% in 1Q 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥15.01, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 18x in the Metals and Mining industry in China. Total returns to shareholders of 263% over the past year. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS CN¥0.28 (vs CN¥0.15 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥6.27b (up 9.3% from FY 2019). Net income: CN¥551.6m (up 83% from FY 2019). Profit margin: 8.8% (up from 5.3% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 11
New 90-day low: CN¥11.74 The company is down 5.0% from its price of CN¥12.41 on 11 December 2020. The Chinese market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥14.32, the stock is trading at a trailing P/E ratio of 54.1x, down from the previous P/E ratio of 64.5x. This compares to an average P/E of 30x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 155%. Is New 90 Day High Low • Jan 12
New 90-day high: CN¥17.06 The company is up 131% from its price of CN¥7.40 on 15 October 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥16.43, the stock is trading at a trailing P/E ratio of 62.1x, up from the previous P/E ratio of 53.7x. This compares to an average P/E of 31x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 197%. Is New 90 Day High Low • Dec 24
New 90-day high: CN¥15.30 The company is up 118% from its price of CN¥7.01 on 25 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥15.20, the stock is trading at a trailing P/E ratio of 57.5x, up from the previous P/E ratio of 49.2x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 178%. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥14.48, the stock is trading at a trailing P/E ratio of 54.7x, up from the previous P/E ratio of 46.9x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 161%. Is New 90 Day High Low • Dec 04
New 90-day high: CN¥11.95 The company is up 58% from its price of CN¥7.55 on 04 September 2020. The Chinese market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Nov 17
Market bids up stock over the past week After last week's 17% share price gain to CN¥10.93, the stock is trading at a trailing P/E ratio of 41.3x, up from the previous P/E ratio of 35.3x. This compares to an average P/E of 34x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 97%. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 15% share price gain to CN¥9.58, the stock is trading at a trailing P/E ratio of 36.2x, up from the previous P/E ratio of 31.5x. This compares to an average P/E of 32x in the Metals and Mining industry in China. Total returns to shareholders over the past three years are 62%. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥532.6m, down 82% from the prior year. Total revenue was CN¥6.08b over the last 12 months, up 3.5% from the prior year. Is New 90 Day High Low • Oct 28
New 90-day high: CN¥7.94 The company is up 39% from its price of CN¥5.73 on 30 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 8.0% over the same period.