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1 Comment
Jiangsu Safety Wire Rope Co., Ltd is currently in a long term downtrend where the price is trading 11.2% below its 200 day moving average.
From a valuation standpoint, the stock is 22.8% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 3.1.
Jiangsu Safety Wire Rope Co., Ltd's total revenue rose by 11.0% to $219M since the same quarter in the previous year.
Its net income has increased by 314.7% to $14M since the same quarter in the previous year.
Finally, its free cash flow fell by 60.6% to $13M since the same quarter in the previous year.
Based on the above factors, Jiangsu Safety Wire Rope Co., Ltd gets an overall score of 3/5.
| Sector | Basic Materials |
|---|---|
| Industry | Steel |
| CurrencyCode | CNY |
| ISIN | CNE1000026K4 |
| Exchange | SHG |
| PE Ratio | None |
|---|---|
| Target Price | None |
| Beta | 0.47 |
| Market Cap | 2B |
| Dividend Yield | None |
Jiangsu Safety Group Co.,Ltd. engages in the research, development, production, and sales of wire ropes and rigging for elevators and cranes in China and internationally. The company operates through three segments: Wire Rope and Rigging Business, Photovoltaic Business, and Architectural Design and EPC Management Business. The company offers elevator wire ropes, such as low-, mid-, and high-rise traction, as well as governor, compensating, and door closing ropes; and crane wire ropes, including rotation resistant, round strand, compacted strand, swaged wire, and cross laid ropes. It also provides lifting wire ropes, wire rope slings, synthetic fiber lifting slings, and accessories, as well as testing services for wire ropes, rigging, and lifting slings. In addition, the company engages in the research, development, production, and sales of solar photovoltaic cells, related core components, equipment, and downstream application services. Further, it offers architectural, architectural decoration, building curtain wall, light steel structure, building intelligent systems, lighting, and fire protection facility engineering design services. The company serves elevators, construction machinery, marine engineering, ports and docks, coal mines, offshore wind power, shipbuilding, ocean salvage, logistics and warehousing, and manufacturing industries. The company was formerly known as Jiangsu Safety Wire Rope Co., Ltd. and changed its name to Jiangsu Safety Group Co.,Ltd. in August 2023. Jiangsu Safety Group Co.,Ltd. was founded in 1958 and is based in Wuxi, China.
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