Trade Angang Steel Company Limited - 0347 CFD

Trading Conditions

• TypeThis financial market is available for CFD trading.Learn more about:CFDs: CFD
• Spread: 0.013
• Long position overnight funding adjustmentLong position overnight funding adjustmentMargin. Your investmentHK$1,000.00Overnight funding adjustmentCharges from full value of position-0.019152 %(-HK$3.83)Trade size with leverage ~ HK$20,000.00Money from leverage ~ $HK$19,000.00Go to platform: -0.01915%
• Short position overnight funding adjustmentShort position overnight funding adjustmentMargin. Your investmentHK$1,000.00Overnight funding adjustmentCharges from full value of position-0.002766 %(-HK$0.55)Trade size with leverage ~ HK$20,000.00Money from leverage ~ $HK$19,000.00Go to platform: -0.00277%
• Overnight funding adjustment time: 21:00 (UTC)
• Currency: HKD
• Min traded quantity: 100
• Margin: 5.00%
• Stock exchange: Hong Kong
• Commission on trade: 0%
• Guaranteed stop premiumA guaranteed stop-loss (GSL) fee is only charged if the GSL is triggered. Please consult the Charges and Fees section of our website for more details.: 1%

• Margin. Your investment: HK$1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.019152 %
  (-HK$3.83)

• Margin. Your investment: HK$1,000.00
• Overnight funding adjustmentCharges from full value of position: -0.002766 %
  (-HK$0.55)

Key Stats

• Prev. Close: 1.081
• Open: 1.106
• 1-Year Change: -46.75%
• Day's Range: 1.088 - 1.111

Trade Angang Steel Company Limited - 0347

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.