Asia300

China Steel Corp.

Taiwan

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Nov 17, 2017
Prev close: 24.4
Nov 17, 2017
Market cap:
Market cap(USD):
385,544M
12,815.1M
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 manufacture and sale of steel products. Its products include plates, bars, wire rods, hot and cold rolled coils, electro galvanized coils, electrical steel coils, hot-dip galvanized coils, and nickel-titanium based 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 38,202.58M
Operating income 25,607.89M
Income before tax 22,563.04M
Net income 16,038.36M
EBITDA 61,590.31M
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 1,184.54M
Operating income 794.02M
Income before tax 699.61M
Net income 497.30M
EBITDA 1,909.72M
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 8.73%
Profit margin 5.47%

Key executive

  • General Manager & Director: Chi Kang Liu
  • Director & Deputy General Manager: Hsi Chin Wang
  • Deputy General Manager: Xiong Li

Share holders

  • Government of Taiwan(22.7%)
  • The Vanguard Group, Inc.(2.6%)
  • 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%)
  • Yuanta Securities Investment Trust Co., Ltd.(0.2%)
  • Unigestion SA(0.2%)
  • Robeco Institutional Asset Management BV(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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