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    Steel
CITIC Special Steel Group Co., Ltd. Class A

CITIC Special Steel Group Co., Ltd. Class A

SSZSE:000708
12.15
CNY
-0.50
(-3.95%)
63.70BMarket Cap
Mar 02Next Earn
CITIC Special Steel Group Co., Ltd. Class A
SZSE:000708
(Shenzhen Stock Exchange)

Recent

price

12.15

P/E

ratio

- -

div

yld

6.21%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
10.33
12.13
10.64
9.74
9.62
8.12
8.36
13.39
15.89
14.43
15.18
19.52
19.52
22.52
21.73
21.19
- -
Revenue per Share
0.74
0.77
0.29
0.26
0.35
0.35
0.38
0.52
0.79
1.07
1.2
1.54
1.41
1.13
1.02
1.17
- -
Basic EPS, GAAP
0.16
0.57
-0.18
0.01
0.46
-0.05
0.96
0.4
0.96
1.09
1.7
2.06
2.31
1.71
2.03
2.74
- -
Free Cash Flow per Basic Share
0.1
0.33
0.24
0.02
0.13
0.14
0.1
0.14
0.81
0.88
0.88
0.84
1.43
0.91
0.74
0.85
0.75
Dividend per Share
3.32
3.79
3.85
4.11
4.34
4.58
4.87
5.27
25.18
5
5.62
6.46
7.19
7.65
8.11
8.64
8.78
Book Value per Share
3.29
3.76
3.81
4.08
4.31
4.55
4.85
5.25
19.6
4.12
4.8
5.6
6.34
6.1
6.63
7.21
7.39
Tangible Book Value per Share
764
764
763
764
765
764
764
764
4,542
5,034
5,027
5,050
5,039
5,063
5,025
5,067
5,049
Basic Weighted Avg Shares
7,893
9,262
8,123
7,438
7,353
6,197
6,393
10,227
72,190
72,620
76,289
98,593
98,345
114,019
109,203
107,373
- -
Sales/Revenue/Turnover
7.84
6.19
2.74
3.84
4.85
4.41
5.54
5.92
8.56
10.37
11.13
10.69
8.56
6.68
6.68
8.1
- -
Operating Margin (%)
153
163
201
209
212
198
214
231
2,846
2,937
3,046
3,091
3,273
4,691
5,052
4,919
- -
Depreciation Expense
562
585
218
202
268
270
293
395
3,580
5,386
6,032
7,778
7,105
5,721
5,126
5,929
- -
Net Income, GAAP
12.5
10.59
16.66
14.47
9.67
15.04
14.09
13.81
11.91
18.08
19.67
16.27
15.66
10.07
9.54
15.76
- -
Effective Tax Rate (%)
7.12
6.32
2.69
2.71
3.65
4.36
4.58
3.86
4.96
7.42
7.91
7.89
7.22
5.02
4.69
5.52
- -
Profit Margin (%)
430
331
362
722
762
1,029
1,228
1,472
-8,601
-8,412
-5,811
-5,650
141
1,709
5,238
7,606
3,301
Working Capital
180
- -
93
135
- -
299
297
- -
7,969
8,385
9,120
10,441
12,439
21,800
23,047
20,821
15,097
LT Debt
2,539
2,899
2,938
3,139
3,318
3,498
3,723
4,028
23,833
25,277
28,400
32,793
36,438
41,634
43,828
45,474
46,222
Total Equity
21.53
17.12
5.42
5.99
7.44
6.08
7.17
10.41
20.72
14.07
15.14
16.84
13.57
8.92
6.87
7.7
- -
Return on Invested Capital (%)
22.71
20.7
7.14
6.52
7.8
7.09
7.23
9.5
13.1
16.01
16.4
18.25
14.64
9.95
7.47
8.23
- -
Return on Capital (%)
24.52
21.51
7.48
6.64
8.3
7.93
8.11
10.19
30.77
24.22
22.5
25.5
20.62
15.28
12.89
14.03
- -
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
12,413
16,023
15,498
LT Borrowings
20,772
15,912
15,067
LT Finance Leases
49
35
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,047
5,047
5,047
Market Capitalization
82,622
82,471
63,695

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
49,545
48,495
46,832
Cash, Cash Equivalents & STI
11,273
8,541
7,284
Accounts Receivable, Net
5,231
6,891
6,312
Inventories
16,239
15,573
18,098
Total Current Liabilities
41,939
43,958
43,531
Payables & Accruals
- -
- -
- -
ST Debt
12,413
16,023
15,498
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
57.46%
9.97%
3.75%
Free Cash Flow
-52.98%
12.37%
36.08%
Net Income, GAAP
91.83%
1.22%
15.67%
Sales/Revenue/Turnover
71.37%
7.81%
-1.68%
Total Cash Common Dividend
350.82%
5.32%
16.44%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28,429
28,576
26,499
25,699
109,203
2025
26,840
27,875
- -
26,167
107,373
2026
26,494
27,178
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.27
0.27
0.22
0.26
1.02
2025
0.27
0.28
- -
0.32
1.17
2026
0.3
0.29
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
0.6
0.05
0.04
0.74
2025
0.05
0.54
- -
0.24
0.85
2026
0.04
0.47
- -
- -
- -
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Business
Citic Pacific Special Steel Group Co., Ltd. (000708.SZ) is China's largest dedicated manufacturer of special steel materials, with an annual production capacity of approximately 20 million tonnes; the company produces alloy steel bars, special medium and thick plates, special seamless steel tubes, forged steel materials, alloy steel wire rods, and alloy steel billets; additional offerings include bearing steel, gear steel, spring steel, energy steel, mooring chain steel, continuous casting round billets, high-alloy steel pipes and fittings, tool steel, ultra-high strength steel, high temperature and corrosion resistant alloy steel, stainless steel, leaf springs, guide arms, and deep-processed products such as quenched and tempered materials and silver bright steel. These products serve key industries including automotive components, energy, machinery manufacturing, oil and petrochemicals, transportation, shipbuilding, bridge construction, petrochemical and chemical, wind power, hydropower, nuclear power, molds, high-rise buildings, rail transportation, electric power, marine vessels, oil, natural gas, and offshore engineering. The company operates five specialised production bases—Jiangyin Xingcheng Special Steel, Daye Special Steel, Qingdao Special Steel, Tianjin Pipe, and Jingjiang Special Steel—along with two raw material processing facilities in Tongling and Yangzhou, and two professional mills in Jinan and Zhejiang, forming a strategic network along the Yangtze River and Yellow Sea; it maintains headquarters in Jiangyin City, Jiangsu Province, China, with roots tracing back to predecessors founded as early as 1890 and a full restructuring and listing in 2019. In recent developments, Citic Pacific Special Steel launched project “Sail” in 2024 to accelerate internationalisation through assessments of over 20 steelmaking facilities in Southeast Asia, the Middle East, North America, Europe, and resource suppliers in South America and Australia, establishing a “Resources+Core Business+Distribution” value chain with progress in mergers and acquisitions of tertiary operations; it strengthened cooperation with Nanjing Steel in procurement, production, sales, and management to enhance brand influence in differentiated segments; sales of bearing steel, P-series energy steel, automotive steel, bridge cables, spring wire, and steel fasteners rose significantly year-on-year, while “Two Highs and One Special” products (high-temperature alloy, ultra-high-strength, and stainless specialty steel) increased 23%; the company contributed to key national projects like the Shenzhen-Zhongshan Link and Tarim Basin Tiefu-1 well, developed innovations such as the world’s largest 1320mm continuous casting billet and 120mm-thick high-resilience steel, expanded AI applications achieving Level 4 intelligent manufacturing maturity at Xingcheng Special Steel, and earned top ESG ratings including AAA from the Metallurgical Industry Planning and Research Institute and inclusion in the MSCI China Index.