China Steel Corp.

In the news

Asian stocks fall as trade war uncertainty weighs Sep 10, 2019
Asian stocks slip amid trade worries and Hong Kong protests Aug 12, 2019
Vietnam steelmaker keeps expansion plans warm amid tariff threat Jul 14, 2019
Nikkei Asia300 Index falls as worries over US trade policies intensify Mar 7, 2018
Nikkei Asia300 Index falls more as Trump remarks ignite global trade war fears Mar 5, 2018

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	--	--
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

TWD | USD

	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	--
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	47,670.74M	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	--
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	1,501.24M	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
Vice President-Administration: Chiu Po Chang

Shareholders

Government of Taiwan (20.0%)
China Steel Corp. Employee Welfare Trust (4.2%)
The Vanguard Group, Inc. (2.8%)
BlackRock Fund Advisors (1.6%)
Yun Hung Investment Co. Ltd. (1.6%)
Dimensional Fund Advisors LP (1.4%)
Yun Ying Investment Co. Ltd. (1.0%)
Labor Insurance Fund (0.9%)
Norges Bank Investment Management (0.9%)
Civil Servant's Retirement Fund (0.9%)

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

Severstal PAO
Tycoons Group Enterprise Co., Ltd.
Kaori Heat Treatment Co., Ltd.
Champion Iron Ltd.
Taiwan Steel Union Co., Ltd.

Last Updated on 1 Apr, 2020