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Shanxi Taigang Stainless Steel Co. Ltd. Class A

Shanxi Taigang Stainless Steel Co. Ltd. Class A

SSZSE:000825
3.32
CNY
+0.01
(+0.30%)
-0.02EPS
19.42BMarket Cap
Oct 30Next Earn
Shanxi Taigang Stainless Steel Co. Ltd. Class A
SZSE:000825
(Shenzhen Stock Exchange)

Recent

price

3.32

P/E

ratio

- -

div

yld

1.00%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
15.31
16.9
18.16
18.51
15.31
11.93
9.97
11.9
12.81
12.36
11.85
17.81
16.54
18.57
17.6
15.79
16.71
Revenue per Share
0.24
0.32
0.19
0.11
0.08
-0.65
0.2
0.81
0.87
0.37
0.3
1.11
0.03
-0.19
-0.17
0.01
-0.03
Basic EPS, GAAP
0.11
0.5
0.49
-0.5
0.24
- -
1.06
1.81
1.51
0.46
0.8
2.3
0.25
-0.12
0.01
0.23
- -
Free Cash Flow per Basic Share
0.33
0.36
0.32
0.29
0.37
0.3
0.27
0.28
0.45
0.27
0.26
0.84
0.12
0.08
0.04
0.03
0.03
Dividend per Share
3.83
4.09
4.26
4.32
4.39
3.74
3.95
4.72
5.35
5.61
5.78
6.16
6.08
5.87
5.71
5.73
5.75
Book Value per Share
3.78
4.02
4.19
4.26
4.34
3.69
3.91
4.67
5.3
5.57
5.74
6.07
5.94
5.49
5.32
5.35
5.37
Tangible Book Value per Share
5,694
5,694
5,700
5,673
5,666
5,692
5,696
5,699
5,695
5,696
5,689
5,695
5,906
5,688
5,704
5,725
5,533
Basic Weighted Avg Shares
87,198
96,220
103,515
105,020
86,766
67,913
56,805
67,790
72,946
70,419
67,419
101,437
97,654
105,618
100,379
90,375
92,467
Sales/Revenue/Turnover
3.92
3.39
2.81
2.01
2.37
-0.92
6.92
9.75
9.43
5.26
4.52
8.74
0.99
-1.17
-0.75
0.6
0.6
Operating Margin (%)
4,046
4,197
3,877
3,342
3,629
4,031
3,725
3,503
3,510
3,332
3,196
3,359
3,275
3,283
3,383
3,450
- -
Depreciation Expense
1,372
1,805
1,106
630
442
-3,711
1,151
4,622
4,977
2,119
1,735
6,310
154
-1,081
-981
52
-176
Net Income, GAAP
5.86
1.25
0.32
1.31
9.35
- -
1.75
0.44
7.97
4.36
1.16
8.74
30.65
- -
- -
38.89
- -
Effective Tax Rate (%)
1.57
1.88
1.07
0.6
0.51
-5.46
2.03
6.82
6.82
3.01
2.57
6.22
0.16
-1.02
-0.98
0.06
-0.19
Profit Margin (%)
703
42
-2,396
-8,866
-18,045
-12,172
-15,165
-15,373
-6,985
-4,970
-6,190
-7,419
-1,832
-2,807
-7,472
-9,774
-8,812
Working Capital
19,290
17,471
17,173
17,632
12,516
22,252
16,633
9,282
11,410
10,042
6,918
2,807
9,615
9,500
4,527
819
898
LT Debt
22,936
25,058
25,903
26,137
25,951
22,092
23,183
27,339
30,825
32,252
33,446
35,540
37,348
35,914
34,915
35,032
35,205
Total Equity
2.6
3.26
1.72
0.77
0.35
- -
1.67
7.89
8.77
3.77
3.3
12.72
0.33
- -
- -
0.19
- -
Return on Invested Capital (%)
4.42
5.27
4.41
3.17
2.69
- -
4.52
10.75
10.82
5.62
4.82
13.8
0.81
- -
- -
0.35
- -
Return on Capital (%)
6.42
8
4.65
2.58
1.78
-16.05
5.26
18.71
17.35
6.79
5.35
18.56
0.44
-3.16
-2.97
0.16
-0.54
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5,036
5,674
3,930
LT Borrowings
494
493
611
LT Finance Leases
325
327
286
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,696
5,696
5,696
Market Capitalization
27,855
24,722
19,424

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
16,366
18,096
18,439
Cash, Cash Equivalents & STI
4,824
5,677
5,755
Accounts Receivable, Net
1,013
1,467
1,394
Inventories
8,442
9,335
9,608
Total Current Liabilities
26,140
27,390
27,251
Payables & Accruals
- -
- -
- -
ST Debt
5,036
5,674
3,930
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.9%
1.01%
0.34%
Free Cash Flow
41,690.64%
790.96%
4,109.04%
Net Income, GAAP
-64.94%
-150.44%
-105.25%
Sales/Revenue/Turnover
4.28%
7.99%
-9.97%
Total Cash Common Dividend
3.44%
5.34%
-34.29%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24,463
25,251
25,571
25,094
100,379
2025
23,310
22,657
- -
22,372
90,375
2026
22,213
25,226
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.02
-0.12
-0.07
-0.17
2025
0.03
0.04
- -
-0.09
0.01
2026
- -
0.02
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.01
0.01
0.01
0.04
2025
0.01
0.01
- -
- -
0.03
2026
0.01
0.01
- -
- -
- -
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Business
Shanxi Taigang Stainless Steel Co., Ltd. engages in the production, processing, and sales of various steel products including stainless steel sheets, coils, plates, rectangular and seamless pipes, cold-rolled silicon steel, carbon steel hot-rolled coils, train axle steel, alloy die steel, military steel, electromagnetic pure iron, ultra-pure ferrite, dual-phase steel, high-carbon martensite, non-magnetic steel, railway passenger and freight car steel, nib steel, high manganese and high nitrogen stainless steel, and specialized third-generation nuclear power extruded stainless steel C-section steel. The company operates advanced production facilities in Jiancaoping, Taiyuan, Shanxi, China, utilizing blast furnace, basic oxygen furnace, and electric arc furnace technologies. Founded in 2002 and headquartered in Wuxi, Jiangsu, Shanxi Taigang serves global markets including North America, Europe, Asia, and others, maintaining a substantial export business and strategic partnerships with domestic and international stainless steel manufacturers. In recent years, Shanxi Taigang Stainless Steel has focused on expanding production capacity and product innovation, including a 2024 capacity replacement plan involving a new 90-ton electric furnace. The company made a significant acquisition in 2023 that increased production capacity by 20%, contributing to projected annual revenue growth. It has launched new high-end, precise, and special steel products, reinforced by robust R&D investments totaling approximately RMB 1 billion in 2024 and RMB 1.84 billion in the first half of 2025. The firm entered a joint venture with a European partner in 2023 aimed at producing high-value-added stainless steel products, projecting substantial revenue generation within two years. Shanxi Taigang also raised ¥3 billion debt financing for new production lines and implemented sustainability initiatives to reduce carbon emissions and enhance energy efficiency. Financially, the company faced challenges in 2024, reporting a net loss of RMB 981 million but returned to profitability in the first nine months of 2025 with a net profit of RMB 568 million on operating revenues of RMB 68 billion. This turnaround is attributed to operational reforms, cost optimization, and innovation-driven product development. Shanxi Taigang maintains ISO certifications pertaining to environmental and energy management systems and adheres to stringent regulatory compliance in its manufacturing processes. The company operates primarily in steel production and processing with a focus on stainless steel and specialized steel products for automotive, infrastructure, railway, military, and nuclear power sectors across international and domestic markets.