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    Steel
Hunan Valin Steel Co., Ltd.

Hunan Valin Steel Co., Ltd.

000932.SZ
Hunan Valin Steel Co., Ltd.CN flagShenzhen Stock Exchange
3.94
CNY
-0.08
- -
27.00BMarket Cap
Hunan Valin Steel Co., Ltd.
000932.SZ
(Shenzhen Stock Exchange)

Recent

price

3.94

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
15.81
17.83
14.05
14.15
13.16
9.83
11.83
18.17
24.02
25.42
19.01
26.25
24.41
23.81
20.94
17.69
19.09
Revenue per Share
-0.69
0.02
-0.77
0.03
0.02
-0.7
-0.25
0.98
1.75
1.04
1.04
1.48
0.92
0.74
0.29
0.38
0.35
Basic EPS, GAAP
-2.58
0.72
1.11
-0.39
0.98
0.62
1.31
0.94
3.46
1.72
1.27
0.3
0.49
-0.14
0.15
0.06
-0.8
Free Cash Flow per Basic Share
0.45
0.54
0.54
0.43
0.49
0.52
0.46
0.46
0.54
0.25
0.39
0.28
0.37
0.32
0.33
0.16
0.19
Dividend per Share
1.34
1.31
0.52
0.54
0.56
-0.14
-0.39
0.59
2.42
3.94
3.48
4.62
4.99
5.47
5.51
5.81
5.67
Book Value per Share
3.11
2.72
1.84
2.16
2.58
1.62
1.27
2.61
6.3
6.62
5.54
7.09
7.68
8.48
8.62
9.25
9.07
Tangible Book Value per Share
3,833
4,143
4,222
4,219
4,230
4,222
4,222
4,222
4,222
4,222
6,129
6,536
6,908
6,909
6,908
6,883
6,905
Basic Weighted Avg Shares
60,602
73,859
59,321
59,706
55,673
41,499
49,950
76,711
101,391
107,322
116,528
171,575
168,637
164,465
144,685
121,741
131,827
Sales/Revenue/Turnover
-2.33
0.05
-2.43
1.52
3.53
-3.05
1.89
9.68
12.43
8.42
7.59
7.17
5.27
4.49
2.83
4
3.51
Operating Margin (%)
3,870
4,152
3,100
2,704
2,692
2,910
2,906
2,860
3,390
3,479
3,319
3,249
3,386
3,852
4,015
4,070
- -
Depreciation Expense
-2,644
70
-3,254
106
75
-2,959
-1,055
4,121
7,378
4,391
6,395
9,680
6,379
5,079
2,032
2,611
2,449
Net Income, GAAP
- -
12.48
- -
10.98
15.93
- -
- -
0.61
7.67
14.5
13.29
12.36
11.51
11.31
22.74
19.7
24.76
Effective Tax Rate (%)
-4.36
0.09
-5.49
0.18
0.13
-7.13
-2.11
5.37
7.28
4.09
5.49
5.64
3.78
3.09
1.4
2.14
1.86
Profit Margin (%)
-19,658
-23,662
-28,621
-27,022
-28,659
-32,974
-33,154
-18,420
-8,708
-14,608
-6,351
-3,587
8,337
14,776
-5,173
-6,295
-3,445
Working Capital
16,365
10,180
6,639
6,898
5,684
4,353
3,449
3,324
6,327
2,022
6,177
1,126
10,925
15,591
10,858
6,763
9,078
LT Debt
14,490
15,185
11,686
12,935
14,699
10,674
9,297
14,928
30,991
32,528
38,526
50,850
57,592
64,341
65,143
69,129
68,141
Total Equity
- -
0.06
- -
1.62
3.15
- -
- -
16.93
23.95
14.13
13.45
17.57
11.24
8.09
3.56
4.38
3.81
Return on Invested Capital (%)
- -
3.41
- -
3.81
3.68
- -
- -
13.56
16.6
6.9
14.27
19.42
9.78
5.91
1.66
2.08
2.12
Return on Capital (%)
-40.92
1.33
-85.51
4.74
3.22
- -
- -
- -
116.29
32.73
33.69
37.54
19.72
14.05
5.35
6.69
6.38
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
15,198
18,450
15,219
LT Borrowings
10,851
11,131
9,072
LT Finance Leases
7
7
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6,909
6,909
6,909
Market Capitalization
28,864
34,386
30,381

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
65,181
72,281
70,964
Cash, Cash Equivalents & STI
13,448
11,787
8,311
Accounts Receivable, Net
3,963
3,959
3,619
Inventories
12,020
11,730
11,088
Total Current Liabilities
70,353
75,562
74,409
Payables & Accruals
- -
- -
- -
ST Debt
15,198
18,450
15,219
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
24.3%
12.87%
6.12%
Free Cash Flow
-9.32%
-80.21%
-58.39%
Net Income, GAAP
-50.53%
-6.92%
28.49%
Sales/Revenue/Turnover
13.57%
3.03%
-15.86%
Total Cash Common Dividend
2.91%
-9.54%
-51.79%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
37,048
38,902
35,716
33,018
144,685
2025
30,230
32,863
26,693
- -
121,741
2026
29,412
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
- -
- -
- -
0.29
2025
0.08
- -
- -
- -
0.38
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
- -
- -
- -
0.33
2025
0.02
- -
- -
- -
0.16
2026
0.01
- -
- -
- -
- -
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Business
Hunan Valin Steel Co., Ltd. (000932.SZ) is a China-based company primarily engaged in the production and sale of ferrous and non-ferrous metal products. The company offers steel billets, seamless steel pipes including ship pipe, structure, geological drilling, nuclear power, petroleum cracking, perforating gun, and submarine line pipes; wire rods; rebars; hot-rolled ultra-thin strip coils; cold-rolled coils; galvanized sheets; small and medium-sized bars; and hot-rolled medium plates, wide and heavy steel plates, hot-rolled steel plates, cold-rolled steel plates, steel strips, sections, steel slabs, copper plate pipes, and aluminum products serving industries such as construction, automobiles, bridges, shipbuilding, light industry, offshore platforms, pipelines, pressure vessels, high-rise buildings, engineering machinery, hydropower, and nuclear power. Founded in 1999 and headquartered in Changsha, Hunan Province, it operates through subsidiaries including Hunan Valin Xiangtan Iron and Steel Co., Ltd., Hunan Valin Lianyuan Iron and Steel Co., Ltd., and Hengyang Valin Steel Tube Co., Ltd., with products distributed in domestic and overseas markets as part of Hunan Valin Iron and Steel Group Co., Ltd.. Recent developments include the successful commissioning of the Valin Xianggang High Speed Wire Production Line Project, Valin Lianyuan Cold Rolled Silicon Steel Phase 1, and VAMA Phase II automotive steel joint venture with ArcelorMittal; ongoing progress on Valin Cold-rolled Silicon Steel Phase II and cold-rolled high-end home appliance board projects to boost high-end steel and export shares; and a December 2024 announcement by subsidiary Hengyang Valin Steel Pipe Co., Ltd. for a 2.499 billion yuan investment in the world's first extra-large diameter seamless steel pipe continuous rolling production line over 18 months to enhance cost competitiveness and market position. In 2024, the company produced 25.15 million tons of steel, down 3.06% year-on-year, with sales of 25.3 million tons, down 4.63%, while optimizing product structure by raising high-end steel varieties to 65% of output from 32% in 2016 and increasing export sales of such products by 7.68%. It announced a share buyback program of 0.2 to 0.4 billion yuan via centralized bidding, approved in February 2025.