Asia300

China Steel Corp.

Taiwan

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Jan 19, 2018
Prev close: 25.1
Jan 19, 2018
Market cap:
Market cap(USD):
396,568M
13,485.3M
Shares: 15,773.1M

Currency in TWD

Company profile

Market(Ticker): TAI(2002)
Sector:
Industry:
Non-Energy Minerals
Steel
Full time employees: 26,639

Business summary

China Steel Corp. engages in the production of crude steel. It specializes in steel plates, steel bars, wire rods, hot and cold rolled coils and sheet, coated steel products, electrogalvanized coils, electrical steel coils, hot-dip galvanized coils, and titanium and nickel-base alloy. The company was founded on December 3, 1971 and is headquartered in Kaohsiung, Taiwan.

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.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 293,052.53M
Gross profit 38,248.03M
Operating income 25,653.05M
Income before tax 22,563.04M
Net income 16,038.36M
EBITDA 61,635.48M
Diluted EPS 1.03
Dividends per share 0.85
Total assets 676,121.79M
Total liabilities 346,542.1M
Total equity 302,559.88M
Operating cash flow 52,001.86M

Currency in TWD

Revenue 9,086.67M
Gross profit 1,185.95M
Operating income 795.42M
Income before tax 699.61M
Net income 497.30M
EBITDA 1,911.13M
Diluted EPS 0.03
Dividends per share 0.02
Total assets 20,978.67M
Total liabilities 10,752.49M
Total equity 9,387.81M
Operating cash flow 1,612.42M

Currency in USD

Valuation measures

Dec 2016

PER 23.70
ROA 2.36%
ROE 5.37%
Operating margin 8.75%
Profit margin 5.47%

Key executive

  • General Manager & Director: Chi Kang Liu
  • Head-Finance: Hung Tai Chou
  • Director & Executive Deputy General Manager: Hsi Chin Wang
  • Head-Accounting: Chia Wen Lo

Share holders

  • Government of Taiwan(22.7%)
  • The Vanguard Group, Inc.(2.7%)
  • BlackRock Fund Advisors(1.8%)
  • Dimensional Fund Advisors LP(0.9%)
  • Norges Bank Investment Management(0.9%)
  • BlackRock Advisors (UK) Ltd.(0.5%)
  • Maruichi Steel Tube Ltd.(0.4%)
  • Canada Pension Plan Investment Board(0.3%)
  • Unigestion SA(0.2%)
  • Yuanta Securities Investment Trust Co., Ltd.(0.2%)

Address

  • Website: http://www.csc.com.tw
  • Address: No. 1 Chung Kang Road, Hsiaokang District, Kaohsiung City, 812 33, Taiwan
  • Phone: +886.7.802.1111

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