A-Share Listed Steel Companies - Profiles and Financial Data
Steel companies are manufacturers of steel and related products. Steel is the most important and the primary metal material with the largest consumption in the world.
In 2016, China produced 808.37 million tons of crude steel, increasing by 1.2% YOY; the production volume of steel products and pig iron was 1,138.01 million tons and 700.74 million tons, up by 2.3% and 0.7% YOY respectively. The production volume of ferroalloy was 35.59 million tons, down by 2.8%. In 2016, China exported 108.43 million tons of steel products, down by 3.5% YOY; import was 13.21 million tons, up by 3.4% YOY. The import of iron ore was 1,024.12 million tons, up by 7.5% YOY.
According to CRI, China's steel industry has been gloomy in recent years. The steel composite price dropped by 5.86% in 2013, 16.19% in 2014 and 32.16% in 2015, finishing at 56.19 at the end of 2015. However, it began to recover in March 2016.
In light of the severe overcapacity of steel production, the State Council issued Opinions on Resolving Superfluous Production Capacity in the Steel Industry in February 2016. It was stated that the industry shall take three to five years to reduce the production capacity of steel by 100 million tons to 150 million tons. It is estimated that from 2017 to 2020, over 90 million tons of crude steel production capacity needs to be eliminated, but at the meantime new production capacity shall be put in place.
In this report, CRI analyzes 48 steel enterprises listed in A-share market in China.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1)financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
(1) Financial Indexes
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