CITIC Pacific Special Steel Group (000708) Stock Price, Fundamentals & Analysis

What 000708 does

CITIC Pacific Special Steel Group (000708) is a Shenzhen Stock Exchange-listed company in the Basic Materials sector, specifically the Steel industry, headquartered in Jiangyin, China. The company manufactures and sells a wide range of steel materials, including bearing steel, gear steel, spring steel, pipeline steel, shipbuilding steel, and special steel wire for fasteners, welding electrodes, and cordage. It also produces oil casing, boiler tubes, nuclear power pipes, and structural alloy pipe, serving both domestic and international infrastructure and industrial projects. With 31,584 employees, it is a major employer in the Chinese steel landscape.

Key numbers explained

• The current price is 12.92 CNY, down 0.31% today, with a 52-week range of 12.45 – 18.34 and a one-year price change of -3.8%.
• The trailing P/E ratio of 10.9 and forward P/E of 10.5 suggest the stock trades at a moderate multiple relative to both past and expected earnings.
• The dividend yield of 5% indicates a high payout relative to the share price, supported by 54% of earnings paid out as dividends.
• The beta of 0.44 means the stock has historically been less volatile than the broader market.
• Return on equity of 13.6% shows how efficiently the company generates profit from shareholders' equity.
• The debt-to-equity ratio of 66.1% reflects a moderate level of financial leverage.
• Price-to-book of 1.47 compares the market price to the company's book value per share.

What to watch

Investors tracking 000708 should monitor steel demand cycles, which are tied to infrastructure spending, construction activity, and manufacturing output in China. Commodity price swings, particularly in iron ore and coking coal, can significantly affect margins for companies like CITIC Pacific Special Steel Group. Regulatory changes in China's steel industry, including environmental and capacity policies, also shape the operating environment. The company's inclusion in the CSI 300 index means it is watched as a large-cap blue-chip representative of the Shenzhen market. For those comparing peers, Xinjiang Tianshan Cement (000877) and Qinghai Salt Lake Potash (000792) operate in adjacent Basic Materials segments on the same exchange.