Fushun Special Steel Financials and Operations

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Fushun Special Steel has a significant presence in the global steel market, with a history dating back to 1950. The company has undergone several transformations, including a major restructuring in 2004.

Fushun Special Steel's financial performance is a crucial aspect of its operations. In 2020, the company reported a revenue of 14.8 billion CNY, a 13% increase from the previous year.

The company's revenue growth is attributed to its strategic expansion into new markets and product lines. Fushun Special Steel has successfully diversified its product portfolio to cater to the increasing demand for high-quality steel products.

Expand your knowledge: Nucor Steel Revenue

Financial Information

Fushun Special Steel's financial performance has been a mixed bag over the years, with some notable trends emerging from the income statements.

The company's sales have been steadily increasing, with a peak of 8,566.76 million CNY in 2023, up 9.76% from the previous year. However, in 2024, sales dipped slightly to 8,473.52 million CNY, a decrease of 1.09% from 2023.

Here are some key financial metrics for Fushun Special Steel:

The company's operating income has been particularly volatile, with a significant decrease of 43.36% in 2024 compared to 2023.

Historical Prices

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Historical prices for stocks can be a valuable tool for investors, providing insight into how a company's value has changed over time.

The S&P 500 index has seen its highest point in history, reaching 3,386.15 on February 12, 2020. This milestone was a result of the index's steady growth over the years, with a compound annual growth rate of 10.4% since 2009.

The Dow Jones Industrial Average also reached an all-time high on February 12, 2020, closing at 29,568.57. This was a significant milestone for the index, which has been a benchmark for the US stock market for over a century.

The average annual return on the S&P 500 index since 1928 is 10.2%, making it a reliable long-term investment option.

Mio Income Statement (CNY)

Mio Income Statement (CNY) reveals some interesting trends. In 2024, Mio's sales were 8,473.52 million CNY, a decrease of 1.09% from 2023.

The company's gross profit on sales has been fluctuating over the years. In 2024, it was 1,016.69 million CNY, a decrease of 7.93% from 2023.

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Mio's operating income took a hit in 2024, decreasing by 43.36% to 211.09 million CNY. This is a significant drop from the 372.68 million CNY in 2023.

Here's a breakdown of Mio's income before tax and after tax for the past few years:

Income after tax has been decreasing over the years, with a significant drop in 2024 by 69.18%.

Balance Sheet (Mio CNY)

The balance sheet is a snapshot of a company's financial situation at a particular point in time. It's divided into two main parts: liabilities and equity.

Total liabilities have been steadily increasing over the years, reaching 6,782.27 million CNY in 2024, up from 3,768.96 million CNY in 2018.

Long-term liabilities per share have also been rising, with a significant jump from 1.29 in 2018 to 1.08 in 2024.

Equity has been relatively stable, with a slight decrease of 1.06% in 2024 compared to 2023.

The balance sheet total has been growing, with a notable increase of 5.98% in 2024 compared to 2023.

Here's a breakdown of the balance sheet total changes over the years:

Dividend Calendar

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The dividend calendar is a crucial tool for investors to stay on top of their investments.

Fushun Special Steel Co Ltd (A) has a dividend history that spans over a decade.

In 2015, the company paid a dividend of 0.04 CNY, with a yield of 0.37.

The company's dividend payments have been inconsistent over the years, with some years seeing no dividend payouts at all.

Here is a breakdown of Fushun Special Steel Co Ltd (A)'s dividend calendar:

As you can see, the company's dividend payments have varied significantly over the years.

News and Events

Fushun Special Steel has a history of releasing its earnings reports on a quarterly basis, with the most recent reports available for Q2 2025, Q1 2025, and Q4 2024.

The company's earnings per share (EPS) for Q2 2025 was -0.078 CNY, while its EPS for Q1 2025 was -0.064 CNY. In contrast, its EPS for Q4 2024 was -0.100 CNY.

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Fushun Special Steel's Annual General Meeting (AGM) is also a significant event, with the company hosting its AGM on April 26, 2024, which resulted in an EPS of 0.180 CNY.

The company's trading was halted on September 11, 2025, and resumed on the same day. This was preceded by a halt on September 10, 2025.

Fushun Special Steel has also made significant announcements regarding its share buyback plan, with a tranche update announced on November 25, 2024.

Here is a summary of Fushun Special Steel's earnings reports:

Management and Operations

Fushun Special Steel has a strong leadership team in place. The company is headed by Li Guo Sun, who serves as both the Chief Executive Officer and Chairman, and has been in these roles since 2018.

The company's management team includes Xiao Chao Wu, who has been the Director of Finance/CFO since 2019, and Xiang Jing, who serves as the Corporate Officer/Principal. These individuals bring a wealth of experience to their roles.

Here is a list of the company's top management team:

The company also has a board of directors that includes Yong Qi and Zheng Qian, both of whom have been in their roles since 2019.

Profile

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Fushun Special Steel Co., Ltd. was founded in 1937, making it an established player in the steel industry for over 80 years.

The company's products include high-temperature alloy, stainless steel, tool and die steel, and alloy structural steel, which are used in various fields such as aerospace, energy and power, and transportation.

Fushun Special Steel engages in research, development, and manufacture of special steel, steel smelting, rolled steel processing, and metallurgical technical services.

Its products have a wide range of applications, including aerospace, energy and power, petrochemical, transportation, machinery, electrical machinery, environmental protection, and energy saving fields.

The company was re-incorporated as Fushun Special Steel Co., Ltd. in 1999, and its shares were floated on the Shanghai Stock Exchange the following year.

Fushun Special Steel was one of the 512 important state-owned enterprises in 1997, and it was listed as one of the 47 iron and steel industry companies.

Here are some key facts about Fushun Special Steel's products:

  • High-temperature alloy
  • Stainless steel
  • Tool and die steel
  • Alloy structural steel

The company has undergone significant changes in ownership and shareholding over the years, with Dongbei Special Steel becoming the largest shareholder in 2010 after Fushun Special Steel went bankrupt.

Managers and Directors

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The management team at Fushun Special Steel Co.,LTD. consists of experienced professionals who have been leading the company since 2018. Li Guo Sun, the CEO, has been at the helm since August 29, 2018, at the age of 52.

Li Guo Sun also holds the position of Chairman, a role he has held since the same date. The company's Director of Finance, Xiao Chao Wu, joined in September 2019, at the age of 58.

Xiang Jing, the Corporate Officer/Principal, is the youngest member of the management team, at 40 years old, and also joined in September 2019. Yong Qi and Zheng Qian, the Directors/Board Members, joined the company in September 2019, at the ages of 50 and 68, respectively.

Here's a list of the company's top management team:

Kellie Hessel

Junior Writer

Kellie Hessel is a rising star in the world of journalism, with a passion for uncovering the stories that shape our world. With a keen eye for detail and a knack for storytelling, Kellie has established herself as a go-to writer for industry insights and expert analysis. Kellie's areas of expertise include the insurance industry, where she has developed a deep understanding of the complex issues and trends that impact businesses and individuals alike.

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