Angang Steel Company Limited
0347Company Overview
The company (hereinafter referred to as Angang Steel Co., Ltd.) is a large domestic steel production and sales enterprise. It was listed on the Hong Kong Stock Exchange and Shenzhen Stock Exchange respectively in 1997. Currently, the company's registered capital is 9.405 billion yuan. The company is mainly engaged in steel manufacturing, and also focuses on developing steel processing and distribution, chemical industry, green energy, e-commerce, clean power generation and other industries related to the main steel industry. The company has a diverse product structure and has a relatively complete product range of hot-rolled coils, medium and thick plates, cold-rolled sheets, galvanized sheets, cold-rolled silicon steel, heavy rails, profiles, seamless steel pipes, wires, etc. The products are widely used in machinery, metallurgy, petroleum, chemicals, coal, electricity, railways, ships, automobiles, construction, home appliances, aviation and other industries. The company's honors include the 2018 China Iron and Steel Industry Product Development Market Development Award; 5 products won the Metallurgical Industry Quality Gold Cup Award and 1 product won the Premium Quality Award; 1 National Science and Technology Progress Award each, 6 metallurgical science and technology awards, 1 China Steel Industry Market Development Award, 9 Liaoning Science and Technology Progress Awards, and the China Railway Society Science and Technology First Prize.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Angang Steel Company Limited |
| Ticker | 0347 |
| Main Business | Steel |
| Type | Common Stock |
| Industry | Steel |
| Country | HK |
| Market Cap | $1.85 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Main business | $58,730.0 | $0.0 | - |
| Other business | $92.0 | $0.0 | - |
| Interest income | $-68.0 | $-68.0 | - |
| Total | $58,754.0 | $-68.0 | -0.12% (passed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| short term borrowing | $186,274,509.8 | 10.06% |
| notes payable | $2,459,383,753.5 | 132.80% |
| long term bank loan | $728,291,316.5 | 39.33% |
| Total Interest-Bearing Debt | $3,373,949,579.8 | 182.18% |
| Market Capitalization | $1,851,948,717.9 | 100.00% |
| Compliance Status | Threshold: 33% | failed |