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    Basic Materials

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    Steel
Hang Xiao Steel Structure Co., Ltd.

Hang Xiao Steel Structure Co., Ltd.

600477.SS
Hang Xiao Steel Structure Co., Ltd.CN flagShanghai Stock Exchange
2.34
CNY
-0.03
- -
5.52BMarket Cap
Hang Xiao Steel Structure Co., Ltd.
600477.SS
(Shanghai Stock Exchange)

Recent

price

2.34

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
2.18
2.25
1.91
2.5
2.16
1.98
2.06
2.16
2.89
3.08
3.78
4.44
4.6
4.61
3.29
3.06
3.34
Revenue per Share
0.06
0.04
-0.07
0.03
0.03
0.06
0.21
0.36
0.26
0.22
0.34
0.19
0.12
0.12
0.07
0.05
0.06
Basic EPS, GAAP
-0.01
-0.22
-0.08
0.03
-0.15
0.04
0.57
0.31
0.17
0.01
-0.13
-0.68
-0.66
-0.81
-0.56
-0.25
-0.22
Free Cash Flow per Basic Share
0.04
0.06
0.09
0.09
0.08
0.08
0.07
0.06
0.13
0.11
0.12
0.13
0.11
0.1
0.15
0.13
0.11
Dividend per Share
0.45
0.48
0.41
0.43
0.45
0.61
0.83
1.19
1.32
1.45
1.64
1.71
1.85
1.78
1.7
1.74
1.77
Book Value per Share
0.65
0.73
0.65
0.67
0.8
0.98
1.03
1.35
1.51
1.63
1.83
1.95
2.25
2.01
1.92
1.94
1.99
Tangible Book Value per Share
1,590
1,593
1,590
1,591
1,817
1,909
2,102
2,143
2,143
2,151
2,155
2,155
2,160
2,349
2,414
2,326
2,348
Basic Weighted Avg Shares
3,464
3,581
3,043
3,974
3,933
3,786
4,339
4,628
6,184
6,633
8,139
9,578
9,935
10,820
7,947
7,106
7,850
Sales/Revenue/Turnover
6.27
3.45
3.44
5.36
5.77
8.47
15.05
22.63
13.47
7.91
7.49
5.04
5.24
6.4
4.5
4.17
3.52
Operating Margin (%)
120
122
122
118
114
110
97
89
77
89
109
130
171
210
275
321
- -
Depreciation Expense
94
71
-115
45
59
121
449
768
568
469
724
412
268
294
169
116
137
Net Income, GAAP
25.21
6.95
- -
20.96
21.12
20.83
17.26
16.76
15.1
12.18
16.92
9.14
- -
4.53
8.52
23.59
21.94
Effective Tax Rate (%)
2.72
1.97
-3.8
1.12
1.51
3.18
10.34
16.59
9.18
7.07
8.89
4.3
2.7
2.71
2.13
1.64
1.74
Profit Margin (%)
69
143
96
149
669
1,066
1,261
1,227
1,046
1,186
1,509
1,616
1,915
1,828
1,201
730
1,253
Working Capital
83
1
1
- -
74
30
70
- -
- -
29
13
323
498
1,366
1,343
834
1,310
LT Debt
1,142
1,269
1,145
1,195
1,585
1,995
2,280
3,020
3,391
3,680
4,242
4,635
5,448
5,560
5,426
5,286
5,449
Total Equity
8.42
4.53
- -
5.86
5.54
7.33
16.2
25.59
17.61
10.25
10.37
7.23
- -
7.02
3.15
2.25
2.04
Return on Invested Capital (%)
6.31
5.64
- -
4.14
4.63
6.51
17.95
26.03
16.04
11.74
15.67
7.18
- -
4.75
3.44
2.62
2.99
Return on Capital (%)
13.9
9.54
-16.31
6.66
7.86
12.19
30.9
35.71
21.07
15.76
21.77
11.41
6.98
7.19
4.08
2.85
3.27
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
4,268
3,819
4,184
LT Borrowings
1,333
1,307
1,301
LT Finance Leases
10
10
9
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,369
2,369
2,369
Market Capitalization
6,092
6,386
6,222

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
10,732
10,151
10,072
Cash, Cash Equivalents & STI
447
553
454
Accounts Receivable, Net
3,297
2,844
2,742
Inventories
641
638
662
Total Current Liabilities
9,532
8,850
8,820
Payables & Accruals
- -
- -
- -
ST Debt
4,268
3,819
4,184
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.67%
4.77%
-2.58%
Free Cash Flow
83.21%
74.65%
-57.87%
Net Income, GAAP
21.23%
-28.41%
-31.17%
Sales/Revenue/Turnover
7.8%
-1.37%
-10.59%
Total Cash Common Dividend
12.6%
5.53%
-21.17%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,824
3,033
1,122
1,968
7,947
2025
1,634
3,126
1,337
- -
7,106
2026
1,308
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
- -
- -
- -
0.07
2025
0.02
- -
- -
- -
0.05
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
- -
- -
- -
0.15
2025
0.02
- -
- -
- -
0.13
2026
0.02
- -
- -
- -
- -
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Business
Hang Xiao Steel Structure Co., Ltd. engages in the development, design, manufacture, sale, and installation of steel structure products and building panels. Its core products include welded steel columns, steel beams, steel trusses, steel floor decks, and steel purlins, used in high-rise steel office buildings, high-rise residential buildings, multi-storey steel buildings, workshops, and specialized steel buildings such as airports, gymnasiums, and exhibition centers. The company also provides green building materials, technical consulting, installation, construction engineering design, training services, and import-export services. Hang Xiao operates domestically in China and internationally across North America, South America, and Eastern Europe, supporting a wide range of construction projects including office buildings, factories, hospitals, schools, stadiums, railway stations, airports, roads, and bridges. Founded in 1985 and headquartered in Hangzhou, Zhejiang Province, China, Hang Xiao Steel Structure has played a leading role in advancing steel structure construction in China and holds multiple first-class qualifications in industrial engineering construction and prefabricated building industries. The company has contributed to over 90 national industry standards and accumulated more than 600 national patents. Recent strategic developments include enhanced international certification by the American Institute of Steel Construction (AISC) for three consecutive years, reflecting strengthened global market integration. It has increased operational investments and expanded product offerings, demonstrated by a 12.4% revenue growth in 2022 driven by surges in infrastructure projects and international market orders. The company also recently announced an equity buyback to optimize capital structure and enhance shareholder value. Hang Xiao continues to emphasize technological upgrades and operational efficiency improvements amid rising production costs and supply chain challenges. Its ongoing business strategy includes expanding its construction services, increasing production capacity for prefabricated steel components, and strengthening partnerships to solidify its position in key international markets. The firm serves a diverse customer base spanning industrial, commercial, residential, and public infrastructure sectors. This comprehensive industrial profile highlights Hang Xiao as a key player in steel structure engineering and construction, with a robust presence in both domestic and overseas markets, backed by strong research, development, and professional qualifications.