Wuhan Iron and Steel Corporation
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Wuhan Iron and Steel Corporation Financial Snapshot
Operating Performance
Fast Facts
Changqiang Qingshan District, Wuhan, The company reported revenue of US$11,149.94
Headquarters Address
430083,People's Republic of China million during the fiscal year 2010 (2010). The
company's revenue grew at a CAGR of 20.88%
Telephone + 86 27 86807873
during 2006–2010, with an annual growth of 41.98%
over 2009. In 2010, the company recorded an
Fax + 86 27 86306023 operating margin of 2.89%, as against 3.54% in 2009.
Website www.wisco.com.cn
Revenue and Margins
Ticker Symbol, Stock Exchange 600005, Shanghai Stock Exchange
Number of Employees 83,735
Fiscal Year End December
Revenue (in US$ million) 11,149.94
Revenue (in CNY million) 75,596.60
Return on Equity
The company recorded a return on equity (ROE) of
6.04% for 2010, as compared to its peers, Baoshan
Iron & Steel Co., Ltd. (Ticker: 600019), Tangshan Iron
& Steel Co., Ltd. (Ticker: 000709) and Angang Steel
Company Limited (Ticker: 000898), which recorded
ROEs of 12.31%, 4.79% and 3.77% respectively. The
company reported a net profit margin of 2.89% in
2010.
Return on Equity
Liquidity Position
The company reported a current ratio of 0.43 in 2010,
as compared to its peers, Baoshan Iron & Steel Co.,
Ltd., Tangshan Iron & Steel Co., Ltd. and Angang
Steel Company Limited, which recorded current ratios
of 0.94, 0.79 and 0.85 respectively. As of December
2010, the company recorded cash and short-term
investments of worth US$332.12 million, against
US$324.47 million current debt. The company
reported a debt to equity ratio of 1.00 in 2010 as
compared to its peers, Baoshan Iron & Steel Co., Ltd.,
Tangshan Iron & Steel Co., Ltd. and Angang Steel
Company Limited, which recorded debt to equity
ratios of 0.62, 1.61 and 0.63 respectively.
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Wuhan Iron and Steel Corporation - Company Capsule Page 1
Wuhan Iron and Steel Corporation
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Major Products and Services .................................................................................................................................5
2 Analysis of Key Performance Indicators ............................................................................................... 6
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................6
2.2 Key Financial Performance Indicators ...................................................................................................................9
2.2.1 Revenue and Operating Profit ...........................................................................................................................9
2.2.2 Asset, Liabilities and Capex .............................................................................................................................10
2.2.3 Net Debt vs. Gearing Ratio ..............................................................................................................................11
2.2.4 Solvency ..........................................................................................................................................................12
2.2.5 Valuation ..........................................................................................................................................................13
2.3 Competitive Benchmarking ..................................................................................................................................14
2.3.1 Market Capitalization .......................................................................................................................................15
2.3.2 Efficiency ..........................................................................................................................................................16
2.3.3 Capital Expenditure ...........................................................................