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Non-Energy Minerals

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 TWDUSD
Revenue366,240.73M11,847.57M
Gross Profit25,865.03M836.71M
Operating income12,413.22M401.55M
Income before tax12,192.23M394.40M
Net income8,809.55M284.98M
EBITDA47,766.51M1,545.20M
Diluted EPS0.560.01
Dividends Per Share0.500.01
Total Assets666,631.98M22,238.11M
Total liabilities334,417.47M11,155.80M
Total equity302,558.53M10,093.02M
Operating cash flow38,626.87M1,249.54M
Currency in TWDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 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 2015Dec 2016Dec 2017Dec 2018Dec 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
PER42.07
ROA1.31%
ROE2.86%
Operating margin3.38%
Profit margin2.40%

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. (2.8%)
  • Yun Hung Investment Co. Ltd. (1.6%)
  • BlackRock Fund Advisors (1.5%)
  • 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

Related Companies

  • China Steel Corporation India Pvt. Ltd.
  • Zhongneng Resources Co. Ltd.
  • China Steel Corp. Employee Welfare Trust
  • CSGT International Corp.
  • Chung Mao Trading (Samoa) Corp.
  • CS Aluminum Corp.
  • InfoChamp Systems Corp.
  • Kuei Yi Industrial Corp.
  • China Steel Sumikon Vietnam Corp.
  • China Steel Machinery Corp.
  • Changzhou China Steel Precision Materials Corp. Ltd.
  • China Prosperity Development Corp.
  • China Steel Global Trading Corp.
  • Himag Magnetic Corp.
  • Chung Hsin Development Co. Ltd.
  • Lung-Yuan Fa-Investment Development
  • China Steel Australia Ltd.
  • Bamian Investments Pte Ltd.
  • Chung Mao International Corp.
  • Kuang Yao Investment & Development Corp.
  • China Steel Asia Pacific Holdings Pte Ltd.
  • CS Aluminium Corp.
  • China Steel Express Corp.
  • Dragon Steel Corp.
  • Chung Hsin Development Corp.
  • Gains Investment Corp.
  • Hung Yi Investment & Development Co. Ltd.

Competitors

  • Tycoons Group Enterprise Co., Ltd.
  • Kaori Heat Treatment Co., Ltd.
  • Champion Iron Ltd.
  • Taiwan Steel Union Co., Ltd.
Last Updated on 10 Jul, 2020

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