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. manufactures iron and steel products. The firm engages in the design, manufacture, sale, trading, and storage of steel products; preparation for the construction of steel plant; as well as the provision of consultation services for the management of steel and iron projects. Its key products include crude steel, steel plates, steel bars, wire materials, hot-rolled coils, cold-rolled coils, electro-galvanized steel coils, electromagnetic steel coils, and hot-dip galvanized steel coils. The company was founded on December 3, 1971 and is headquartered in Kaohsiung, Taiwan.

Financial Highlights

Dec 2021	TWD	USD
Revenue	468,327.50M	16,766.77M
Gross Profit	97,198.84M	3,479.85M
Operating income	83,137.20M	2,976.42M
Income before tax	83,235.79M	2,979.95M
Net income	62,053.03M	2,221.58M
EBITDA	115,816.64M	4,146.39M
Diluted EPS	3.98	0.14
Dividends Per Share	3.10	0.11
Total Assets	687,994.96M	24,866.98M
Total liabilities	301,039.94M	10,880.83M
Total equity	349,028.76M	12,615.34M
Operating cash flow	74,304.42M	2,660.20M
	Currency in TWD	Currency in USD

Historical Data

TWD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	347,012.00M	400,665.05M	366,240.73M	314,783.30M	468,327.50M
Gross Profit	38,681.12M	48,969.33M	25,865.03M	13,258.94M	97,198.84M
Operating income	26,007.98M	35,354.03M	12,413.22M	2,217.52M	83,137.20M
Income before tax	23,727.61M	31,735.51M	12,192.23M	2,184.91M	83,235.79M
Net income	16,905.58M	24,454.15M	8,809.55M	885.86M	62,053.03M
EBITDA	60,730.08M	69,656.49M	47,766.51M	35,677.59M	115,816.64M
Diluted EPS	1.09	1.57	0.56	0.05	3.98
Dividends Per Share	0.88	1	0.50	0.30	3.10
Total Assets	667,715.87M	674,526.59M	666,631.98M	636,082.69M	687,994.96M
Total liabilities	335,763.89M	331,728.87M	334,417.47M	312,975.71M	301,039.94M
Total equity	304,010.06M	312,908.03M	302,558.53M	293,298.94M	349,028.76M
Operating cash flow	46,739.93M	60,001.06M	38,626.87M	61,809.82M	74,304.42M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	11,406.34M	13,287.08M	11,847.57M	10,690.72M	16,766.77M
Gross Profit	1,271.45M	1,623.94M	836.71M	450.30M	3,479.85M
Operating income	854.88M	1,172.43M	401.55M	75.31M	2,976.42M
Income before tax	779.93M	1,052.43M	394.40M	74.20M	2,979.95M
Net income	555.68M	810.96M	284.98M	30.08M	2,221.58M
EBITDA	1,996.20M	2,309.98M	1,545.20M	1,211.68M	4,146.39M
Diluted EPS	0.03	0.05	0.01	0.00	0.14
Dividends Per Share	0.02	0.03	0.01	0.01	0.11
Total Assets	22,437.82M	21,945.10M	22,238.11M	22,638.00M	24,866.98M
Total liabilities	11,282.95M	10,792.49M	11,155.80M	11,138.71M	10,880.83M
Total equity	10,215.90M	10,180.17M	10,093.02M	10,438.42M	12,615.34M
Operating cash flow	1,536.35M	1,989.79M	1,249.54M	2,099.19M	2,660.20M

Valuation Measures

Dec 2021
PER	8.80
ROA	9.37%
ROE	19.32%
Operating margin	17.75%
Profit margin	13.24%

Key executives

General Manager & Director: Hsi Chin Wang
Vice President-Technology Division: Jih-Jau Jeng
Director & Executive Vice President: Chien Chih Hwang
Vice President-Administration Division: I-Chung Huang
Vice President-Engineering Division: Zong Te Chen

Shareholders

Government of Taiwan (20.0%)
The Vanguard Group, Inc. (2.4%)
BlackRock Fund Advisors (1.9%)
Yuanta Securities Investment Trust Co., Ltd. (1.7%)
Norges Bank Investment Management (1.1%)
Dimensional Fund Advisors LP (0.8%)
BlackRock Advisors (UK) Ltd. (0.7%)
Maruichi Steel Tube Ltd. (0.4%)
Geode Capital Management LLC (0.3%)
Amundi Asset Management SA (Investment Management) (0.2%)

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
China Steel Chemical Corporation

Last Updated on 16 Aug, 2022