CITIC Pacific Special Steel Group Co., Ltd — Cyborg Score 7/10
Solid
Specialty Steel Manufacturing
Strategic Profile
The Group's technology, processes, and equipment are at the world's leading level, with six major products sectors: special steel bars, special steel wire rods, special plates, seamless steel tubes, special forgings, and extended products, with leading products such as high-end bearing steel, high-end automobile steel, and high-end energy steel continuously expanding their market share domestically and internationally. The process technology and equipment are at the forefront of global advancements, catering to market needs of China's strategic industries including energy, transportation, engineering machinery, and aerospace, and the company serves as a supplier of steel for key components in China's spacecraft, including the Shenzhou and Chang'e series.
Cyborg Score Rationale
The company has a market cap of approximately 75.9 billion CNY with a PE ratio of 13.79 and forward dividend yield of 4.81%. In 2024, revenue was 109.20 billion CNY, down 4.22% year-over-year, with earnings of 5.13 billion CNY, down 10.41%. The company maintains a strong market position as industry leader but faces near-term revenue headwinds.
Top Insights
CITIC Pacific Special Steel was restructured and listed as a whole in 2019 on the Shenzhen Stock Exchange.
Products are well-received and widely sold across China, exported to over 80 countries and regions including the United States, Japan, the European Union, and Southeast Asia.
The company has established strategic cooperation with major international companies including SKF, Caterpillar, Sumitomo, Siemens, Saudi Aramco, and China State Shipbuilding.
The company employs approximately 30,960 full-time employees.
Named Competitors
Bearing Steel — Global specialty steel competitor with diverse product portfolio
Automotive Steel — European specialty steel manufacturer serving automotive and industrial markets
Special Alloys — Chinese competitor with increasing CITIC Pacific investment
Recent Developments
(December 2023) CITIC Pacific increased shareholding in Nanjing Steel Group, expanding special steel business
(2024) Revenue declined 4.22% to 109.20 billion CNY; earnings down 10.41%
(2020) Awarded first prize of State Scientific and Technological Progress Award for green electro-slag remelting technology
Open the full interactive CITIC Pacific Special Steel Group Co., Ltd report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.