China Steel Corp

China Steel Corp maintains a capital structure characterized by significant leverage, with long-term debt of 270.6 billion TWD against total equity of 292.6 billion TWD, resulting in a debt-to-equity ratio of 0.92. The company holds 6.6 billion TWD in cash and equivalents, which is insufficient to cover its total debt, leading to a negative net cash position. Liquidity is assessed as medium, supported by a current ratio of 1.38, indicating adequate short-term assets to cover liabilities. Operating cash flow stands at 49.3 billion TWD, providing a buffer against the negative free cash flow of -8.3 billion TWD, driven by capital expenditures of 32.2 billion TWD.

Profitability metrics indicate financial stress, with a return on equity of -0.48% and a return on assets of -0.21%. The company reported an operating income of -3.9 billion TWD and a net income of -4.3 billion TWD for the latest period. Gross profit was 9.1 billion TWD on revenue of 317.2 billion TWD, suggesting thin margins that are easily eroded by operational costs or price fluctuations. Without cohort median data for direct comparison, these negative returns highlight a challenging operating environment relative to typical industry benchmarks for stable steel producers.

Segment and geographic revenue mix data is not provided in the available input, preventing a detailed analysis of revenue concentration or regional exposure. The company's total revenue of 317.2 billion TWD is the primary aggregate figure available for scale assessment.

Growth trajectory analysis is limited by the absence of historical period data in the input. The latest revenue figure of 317.2 billion TWD serves as the baseline, but year-over-year or multi-year trends cannot be established from the provided snapshot.

Risk assessment identifies medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, emphasizing the reliance on operating cash flow and external financing to service obligations. The company's total liabilities of 381.2 billion TWD represent a substantial portion of its total assets of 673.8 billion TWD.

Recent observations include an ESG score of 68.18 with a grade of B+, reflecting strong environmental performance (93.06) but weaker governance scores (16.56). Analyst estimates indicate a last actual EPS of 0.01 TWD and revenue of 7.0 billion TWD for a specific recent period, which may reflect quarterly or interim reporting distinct from the annualized snapshot.

Free cash flow improved by 32.1% year-over-year, indicating a slight stabilization in cash generation despite ongoing negative flows.

Dilution risk is assessed as low, suggesting limited immediate threat to existing shareholder equity value from share issuance.

The company maintains a substantial book value of TWD 292.6 billion, providing a baseline asset cushion for potential restructuring.

Operating margin of -0.05% ranks in the bottom quartile of its cohort, indicating significant competitive disadvantage in cost management.

High credit risk flags suggest substantial vulnerability to default or financial distress, undermining investor confidence in the firm's stability.

Debt-to-equity ratio of 0.92 exceeds the cohort median of 0.4, indicating higher financial leverage and associated interest burdens.

Revenue TWD 79.16B, −4,8% YoY; Operating income −144,7% YoY.

• ▍Revenue TWD 79.16B, −4,8% YoY
• ▍Operating income −144,7% YoY
• ▍Net income −1 108,1% YoY
• ▍Free cash flow +636,6% YoY
• ▍Net margin -3.1%

Revenue TWD 75.37B, −13,0% YoY; Operating income −62,2% YoY.

• ▍Revenue TWD 75.37B, −13,0% YoY
• ▍Operating income −62,2% YoY
• ▍Net income −321,7% YoY
• ▍Free cash flow +214,3% YoY
• ▍Net margin -0.3%

Revenue TWD 317.16B, −12,0% YoY; Operating income −317,9% YoY.

• ▍Revenue TWD 317.16B, −12,0% YoY
• ▍Operating income −317,9% YoY
• ▍Net income −319,8% YoY
• ▍Free cash flow +32,1% YoY
• ▍Net margin -1.4%

Revenue TWD 360.54B, −0,8% YoY; Operating income −50,0% YoY.

• ▍Revenue TWD 360.54B, −0,8% YoY
• ▍Operating income −50,0% YoY
• ▍Net income +17,6% YoY
• ▍Free cash flow +30,9% YoY
• ▍Net margin 0.5%

Revenue TWD 363.33B, −19,2% YoY; Operating income −80,4% YoY.

• ▍Revenue TWD 363.33B, −19,2% YoY
• ▍Operating income −80,4% YoY
• ▍Net income −90,5% YoY
• ▍Free cash flow +38,1% YoY
• ▍Net margin 0.5%

Revenue TWD 449.57B, −4,0% YoY; Operating income −77,1% YoY.

• ▍Revenue TWD 449.57B, −4,0% YoY
• ▍Operating income −77,1% YoY
• ▍Net income −71,3% YoY
• ▍Free cash flow −137,9% YoY
• ▍Net margin 4.0%

Revenue TWD 468.33B; Operating income TWD 79.76B.

• ▍Revenue TWD 468.33B
• ▍Operating income TWD 79.76B
• ▍Net margin 13.2%