Xiaogang Zhang - Angang Steel Chairman
Chairman
Mr. Zhang Xiaogang was serving as Chairman of the Board in Angang Steel Company Limited since March 27 2007. He is General Manager and Director of Anshan Iron and Steel Group Company. He used to be Head of Technology Deputy Chief Engineer Executive Deputy General Manager and General Manager in two other companies. since 2007.
| Age | 60 |
| Tenure | 17 years |
| Web | http://www.ansteel.com.cn |
Angang Steel Management Efficiency
The company has return on total asset (ROA) of 2.69 % which means that it generated a profit of $2.69 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 8.5 %, meaning that it generated $8.5 on every $100 dollars invested by stockholders. Angang Steel's management efficiency ratios could be used to measure how well Angang Steel manages its routine affairs as well as how well it operates its assets and liabilities.The company has accumulated 3.65 B in total debt with debt to equity ratio (D/E) of 48.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Angang Steel has a current ratio of 0.78, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Angang Steel until it has trouble settling it off, either with new capital or with free cash flow. So, Angang Steel's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Angang Steel sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Angang to invest in growth at high rates of return. When we think about Angang Steel's use of debt, we should always consider it together with cash and equity.
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Management Performance
Angang Steel Leadership Team
Elected by the shareholders, the Angang Steel's board of directors comprises two types of representatives: Angang Steel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Angang. The board's role is to monitor Angang Steel's management team and ensure that shareholders' interests are well served. Angang Steel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Angang Steel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Junyong Xie, Deputy General Manager | ||
| Shishuai Xu, Deputy General Manager | ||
| Weiguo Ma, Independent Non-Executive Director | ||
| Jinsong Meng, Deputy General Manager | ||
| Fuping Tang, Vice Chairman of the Board | ||
| Fangzheng Chen, Independent Director | ||
| Dajun Wu, Independent Non-Executive Director | ||
| Jun Liu, Deputy General Manager | ||
| Zhengdong Liu, Independent Non-Executive Director | ||
| Yucheng Luo, Independent Non-Executive Director | ||
| Xuanhui Qu, Independent Director | ||
| Zhen Li, Deputy General Manager | ||
| Hua Yang, Vice Chairman and Member of Remuneration and Appraisal Committee | ||
| Xiaogang Zhang, Executive Chairman, Member of Nomination Committee and General Manager of Angang Group | ||
| Zhongwu Li, Deputy General Manager, Director | ||
| Lifen Zhang, Deputy General Manager, Sr. Engineer and Executive Director | ||
| Yidong Wang, General Manager, Sr. Engineer, Executive Director and Member of Remuneration and Appraisal Committee | ||
| Lianyong Ma, Secretary | ||
| Ziping Ren, Chief Engineer | ||
| Jiangfan Zhang, Chief Accounting Officer, Secretary of the Board, Director | ||
| Lin Yao, Chairman of The Board, Chairman of Strategic Committee and Member of Nomination Committee | ||
| Zhiwei Zhou, Independent Non-Executive Director |
Angang Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Angang Steel a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 8.5 | |||
| Return On Asset | 2.69 | |||
| Profit Margin | 5.07 % | |||
| Operating Margin | 4.91 % | |||
| Current Valuation | 10.17 B | |||
| Shares Outstanding | 7.24 B | |||
| Price To Earning | 11.39 X | |||
| Price To Book | 0.94 X | |||
| Price To Sales | 0.59 X | |||
| Revenue | 12.21 B |
Pair Trading with Angang Steel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Angang Steel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Angang Steel will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Tenet Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tenet Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tenet Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tenet Healthcare to buy it.
The correlation of Tenet Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tenet Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tenet Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tenet Healthcare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Angang Steel information on this page should be used as a complementary analysis to other Angang Steel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Other Consideration for investing in Angang Pink Sheet
If you are still planning to invest in Angang Steel check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Angang Steel's history and understand the potential risks before investing.
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