Non-Energy Minerals
China Steel Corp.
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- Nikkei Asia300 Index falls more as Trump remarks ignite global trade war fears Mar 5, 2018 See more articles on China Steel Corp.
Company Background
Headquartered in southern Taiwan city of Kaohsiung, China Steel was founded by the Taiwan government in December 1971 to boost the development of various industries in Taiwan.
It became a listed company in 1974, and the government started to sell its stake in the company in 1989, but China steel remains a government-controlled entity.
The company sells steel plates, bars, wire rods, and hot and cold rolled coils. The Taiwan market accounts for more than half of China Steel's sales, and the steel maker exports mainly to China, Japan and Southeast Asia.
Chairman Sung Jyh-yuh has a master's degree in mechanical engineering from National Taiwan University. He is a China steel veteran who started working for the company in 1977.
Business Summary
China Steel Corp. engages in the provision of mechanical, communication, and electrical engineering services. It operates through the following segments: Steel Department, Construction Department, and Others. The Steel Department segment manufactures and sells steel products. The Construction Department segment involves in the construction. The company was founded on December 3, 1971 and is headquartered in Kaohsiung, Taiwan.
Financial Highlights
| Dec 2019 | TWD | USD |
| Revenue | 366,240.73M | 11,847.57M |
| Gross Profit | 25,865.03M | 836.71M |
| Operating income | 12,413.22M | 401.55M |
| Income before tax | 12,192.23M | 394.40M |
| Net income | 8,809.55M | 284.98M |
| EBITDA | 47,766.51M | 1,545.20M |
| Diluted EPS | 0.56 | 0.01 |
| Dividends Per Share | 0.50 | 0.01 |
| Total Assets | 666,631.98M | 22,238.11M |
| Total liabilities | 334,417.47M | 11,155.80M |
| Total equity | 302,558.53M | 10,093.02M |
| Operating cash flow | 38,626.87M | 1,249.54M |
| Currency in TWD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 285,053.78M | 293,055.80M | 347,012.00M | 400,665.05M | 366,240.73M |
| Gross Profit | 20,014.22M | 38,346.95M | 38,681.12M | 48,969.33M | 25,865.03M |
| Operating income | 8,190.73M | 25,661.12M | 26,007.98M | 35,354.03M | 12,413.22M |
| Income before tax | 9,302.76M | 22,563.04M | 23,727.61M | 31,735.51M | 12,192.23M |
| Net income | 7,604.72M | 16,038.36M | 16,905.58M | 24,454.15M | 8,809.55M |
| EBITDA | 43,477.21M | 61,547.90M | 60,730.08M | 69,656.49M | 47,766.51M |
| Diluted EPS | 0.49 | 1.03 | 1.09 | 1.57 | 0.56 |
| Dividends Per Share | 0.50 | 0.85 | 0.88 | 1 | 0.50 |
| Total Assets | 678,139.01M | 676,121.79M | 667,715.87M | 674,526.59M | 666,631.98M |
| Total liabilities | 357,414.18M | 346,542.10M | 335,763.89M | 331,728.87M | 334,417.47M |
| Total equity | 294,320.81M | 302,559.88M | 304,010.06M | 312,908.03M | 302,558.53M |
| Operating cash flow | 45,028.92M | 52,001.86M | 46,739.93M | 60,001.06M | 38,626.87M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 8,976.92M | 9,086.77M | 11,406.34M | 13,287.08M | 11,847.57M |
| Gross Profit | 630.28M | 1,189.02M | 1,271.45M | 1,623.94M | 836.71M |
| Operating income | 257.94M | 795.67M | 854.88M | 1,172.43M | 401.55M |
| Income before tax | 292.96M | 699.61M | 779.93M | 1,052.43M | 394.40M |
| Net income | 239.48M | 497.30M | 555.68M | 810.96M | 284.98M |
| EBITDA | 1,369.18M | 1,908.41M | 1,996.20M | 2,309.98M | 1,545.20M |
| Diluted EPS | 0.01 | 0.03 | 0.03 | 0.05 | 0.01 |
| Dividends Per Share | 0.01 | 0.02 | 0.02 | 0.03 | 0.01 |
| Total Assets | 20,645.38M | 20,978.67M | 22,437.82M | 21,945.10M | 22,238.11M |
| Total liabilities | 10,881.18M | 10,752.49M | 11,282.95M | 10,792.49M | 11,155.80M |
| Total equity | 8,960.35M | 9,387.81M | 10,215.90M | 10,180.17M | 10,093.02M |
| Operating cash flow | 1,418.05M | 1,612.42M | 1,536.35M | 1,989.79M | 1,249.54M |
Valuation Measures
| Dec 2019 | |
| PER | 42.07 |
| ROA | 1.31% |
| ROE | 2.86% |
| Operating margin | 3.38% |
| Profit margin | 2.40% |
Key executives
- President & Director: Hsi Chin Wang
- Director & Vice President-Finance Division: Yueh Kun Yang
- Vice President-Technology: Song Jau Tsai
- Director & Executive Vice President: Chien Chih Hwang
- Executive Vice President: King-Ling Du
Shareholders
- Government of Taiwan (20.0%)
- China Steel Corp. Employee Welfare Trust (4.1%)
- The Vanguard Group, Inc. (2.7%)
- Yun Hung Investment Co. Ltd. (1.6%)
- BlackRock Fund Advisors (1.6%)
- Dimensional Fund Advisors LP (1.3%)
- Norges Bank Investment Management (1.1%)
- Yun Ying Investment Co. Ltd. (1.0%)
- Civil Servant's Retirement Fund (0.8%)
- Labor Insurance Fund (0.8%)
Contact Details
- Website:http://www.csc.com.tw
- Address: 1 Chung Kang Road, Hsiao Kang District, Kaohsiung City, 812 33, Taiwan
- Phone: +886.7.8021111
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Competitors
- Tycoons Group Enterprise Co., Ltd.
- Kaori Heat Treatment Co., Ltd.
- Quintain Steel Co., Ltd
- Champion Iron Ltd.
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Last Updated on 20 Oct, 2020
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