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    2002   TW0002002003

CHINA STEEL CORPORATION

(2002)
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China Steel : Preliminary Result June 2021

07/19/2021 | 03:29am EDT

China Steel Corporation Preliminary Result June 2021

Date2021/07/19

June 2021
UnitNTD Thousands
Item
This Month
Last Month
Accumulated, as of June 2021
Accumulated, the same period of previous year
Consolidated Operating Revenues
38,823,509
39,718,469
213,269,624
150,528,288
Consolidated Operating Income
7,883,475
7,362,158
33,247,153
(3,416,016)
Consolidated Income Before Income Tax
8,306,263
7,626,755
35,201,371
(3,819,448)
Notes:
1.The preliminary consolidated operating revenues in June 2021 totaled NT$ 38,823,509 thousand. Thepreliminary consolidated operating income totaled NT$ 7,883,475 thousand. The preliminary consolidatedincome before income tax totaled NT$ 8,306,263 thousand.
2.Information for the Company's carbon steel sales volume (non-consolidated basis) is as follows:
The sales volume of carbon steel in June 2021 totaled 806,081 tons. Accumulated sales volume of carbonsteel as of June 2021 totaled 4,921,998 tons.
3. Monthly performance summary:
The increase of consolidated operating income in this month is mainly from the strong recovery of steelmarket and the increase in ASP of steel department surpassed that of ASC. Besides, the non-operatingincome of Chung Hung Steel is higher in this month from the gain on disposal of investments and gainarising from financial assets at fair value through profit or loss of its investment in YUSCO. The preliminaryconsolidated income before income tax this month increased by NT$ 680 million in total.
Comparison between the number for this month and last month
Item
This Month
Last Month
Difference
Difference in percentage
Consolidated Operating Revenues
38,823,509
39,718,469
(894,960)
(2)
Consolidated Operating Income
7,883,475
7,362,158
521,317
7
Consolidated Income Before Income Tax
8,306,263
7,626,755
679,508
9
Comparison between the accumulated number as of this month and the same period of previous year
Item
Accumulated, as of June 2021
Accumulated, the same period of previous year
Difference
Difference in percentage
Consolidated Operating Revenues
213,269,624
150,528,288
62,741,336
42
Consolidated Operating Income
33,247,153
(3,416,016)
36,663,169
1,073
Consolidated Income Before Income Tax
35,201,371
(3,819,448)
39,020,819
1,022


Disclaimer

CSC - China Steel Corporation published this content on 19 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2021 07:28:01 UTC.


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Sales 2021 464 B 16 715 M 16 715 M
Net income 2021 60 126 M 2 168 M 2 168 M
Net Debt 2021 138 B 4 964 M 4 964 M
P/E ratio 2021 9,35x
Yield 2021 6,50%
Capitalization 554 B 19 987 M 19 982 M
EV / Sales 2021 1,49x
EV / Sales 2022 1,55x
Nbr of Employees 28 490
Free-Float 70,9%
Chart CHINA STEEL CORPORATION
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Technical analysis trends CHINA STEEL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 35,95 TWD
Average target price 44,08 TWD
Spread / Average Target 22,6%
EPS Revisions
Managers and Directors
Hsi Chin Wang General Manager & Director
Shih Hsin Chen Head-Finance & General Manager-Finance
Chao Tung Weng Chairman
Yi Xing Huang Vice President-Technology
Chiu Po Chang Vice President-Administration
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