Trade Angang Steel Company Limited - 0347 CFD

Trading Conditions
Spread0.032
Long position overnight fee
Long position overnight fee

Margin. Your investment
HK$1,000.00
Overnight fee
Charges from full value of position
-0.022639 %
(-HK$0.91)

Trade size with leverage ~ HK$5,000.00

Short position overnight fee ~ HK$4,000.00


-0.022639%
Short position overnight fee
Short position overnight fee

Margin. Your investment
HK$1,000.00
Overnight fee
Charges from full value of position
0.000721 %
(HK$0.03)

Trade size with leverage ~ HK$5,000.00

Short position overnight fee ~ HK$4,000.00


0.000721%
Overnight fee time21:00 (UTC)
CurrencyHKD
Min traded quantity1
Margin20
Stock exchangeHong Kong
Commission on trade10%

1Our charge for executing your trade is the spread, the difference between the buy and sell price. Please consult the Charges and Fees section of our website for further information

Key Stats
Prev. Close1.359
Open1.339
1-Year Change-48.08%
Day's Range1.279 - 1.339

Angang Steel Company profile

About Angang Steel Company Limited

Angang Steel Company Limited is a China-based company principally engaged in the production and distribution of steel. The Company's main products include hot-rolled steel sheet products, cold-rolled steel sheet products, medium and heavy sheets and other steel products. The Company distributes its products within domestic market and to overseas markets.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Angang Steel Company Limited revenues increased 53% to RMB108.54B. Net income increased from RMB1.33B to RMB7.49B. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Selling Expense decrease of 80% to RMB458M (expense), Assets Impairment loss decrease from RMB113M (expense) to RMB238M (income).

Equity composition

12/2005, Company name changed from Angang New Steel Co Ltd. 10/2007, Rights Issue, 2.2 new shares for every 10 shares held @ CNY 15.91 (Factor: 1.108068). 10/2007 Name changed from Angang Sanxin.