Hong Kong Stock Exchange · Basic Materials
Invest in Chongqing Iron & Steel stock from India
Indian and foreign residents can buy Chongqing Iron & Steel (1053) shares directly through Paasa.
By Paasa · Updated
Chongqing Iron & Steel at a glance
- Price
- HK$0.85+HK$0.01 (0.60%)
- Market cap
- HK$7.47B
- Day range
- HK$0.84 – HK$0.85
- P/E
- -3.90
- Dividend yield
- None
- Volume
- 1.45M
- 1 month
- -6.11%
- 6 months
- -26.52%
- YTD
- -28.39%
- 1 year
- -42.52%
- 5 years
- -52.26%
Chongqing Iron & Steel statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | CN¥24.0B | CN¥27.2B | CN¥39.3B | CN¥36.6B | CN¥39.8B |
| Gross profit | CN¥196.9M | −CN¥1.4B | −CN¥882.2M | −CN¥30.9M | CN¥3.9B |
| Operating income | −CN¥2.7B | −CN¥3.3B | −CN¥1.8B | −CN¥665.0M | CN¥2.5B |
| Net income | −CN¥2.7B | −CN¥3.2B | −CN¥1.5B | −CN¥1.0B | CN¥2.3B |
| Earnings per share | −CN¥0.31 | −CN¥0.36 | −CN¥0.17 | −CN¥0.11 | CN¥0.26 |
| EBITDA | −CN¥763.6M | −CN¥1.3B | CN¥218.4M | CN¥565.8M | CN¥4.0B |
| Total assets | CN¥32.1B | CN¥35.5B | CN¥37.4B | CN¥39.4B | CN¥43.0B |
| Total debt | CN¥3.6B | CN¥2.6B | CN¥3.6B | CN¥6.5B | CN¥6.9B |
| Cash and short-term investments | CN¥2.7B | CN¥3.0B | CN¥1.9B | CN¥4.0B | CN¥7.0B |
| Shareholders' equity | CN¥13.9B | CN¥16.6B | CN¥19.9B | CN¥21.3B | CN¥22.4B |
| Operating cash flow | CN¥1.6B | CN¥1.3B | CN¥1.0B | CN¥1.5B | CN¥5.6B |
| Free cash flow | CN¥651.7M | CN¥543.8M | CN¥205.7M | −CN¥1.2B | CN¥730.1M |
| Capital expenditure | −CN¥997.2M | −CN¥766.1M | −CN¥816.4M | −CN¥2.7B | −CN¥4.9B |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in CNY; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Nanjing Iron & Steel | 600282.SS | CNH 4.61 | CNH 28.42B |
| Hang Zhou Iron & Steel | 600126.SS | CNH 5.95 | CNH 20.09B |
| Angang Steel | 000898.SZ | $2.04 | $19.11B |
| Shandong Iron and Steel | 600022.SS | CNH 1.31 | CNH 13.81B |
| Liuzhou Iron & Steel | 601003.SS | CNH 3.58 | CNH 9.43B |
| Gansu Jiu Steel Group Hongxing Iron & Steel | 600307.SS | CNH 1.48 | CNH 9.27B |
| Xinyu Iron & Steel | 600782.SS | CNH 2.70 | CNH 8.60B |
| Jiangsu Shagang | 002075.SZ | $3.55 | $7.79B |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Chongqing Iron & Steel from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to HKD when you buy.
Step 3
Search 1053 and buy
Find Chongqing Iron & Steel by name or by its ticker, 1053, and place your order. Many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share.
Why invest in Chongqing Iron & Steel from India
What Chongqing Iron & Steel does
Chongqing Iron & Steel Company Limited, together with its subsidiaries, engages in the produces and sells of steel plates in the People’s Republic of China. The company offers wide and thick plates, including boiler and pressure vessel steel plates, steel plates, carbon structural steel plates, and value-added steel plates; hot-rolled thin plates, raw material coils, and hot-rolled strip products; rebars; and hot-rolled plain round steel bars, construction threaded steel bars, ordinary carbon steel wire rods, and carbon steel wire rods. Chongqing Iron & Steel operates in the Steel industry within the Basic Materials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Chongqing Iron & Steel stock from India?
Yes. Indian residents and NRIs can buy Chongqing Iron & Steel (1053) shares directly through Paasa. Chongqing Iron & Steel is listed on the Hong Kong Stock Exchange, in the Steel industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
Do I need to buy a full Chongqing Iron & Steel share?
Usually more than one, and not a fraction: many Hong Kong listings trade in board lots, so the smallest order is one lot rather than one share. At HK$0.85 a share, size the order by the lot, not by the share.
How are Chongqing Iron & Steel dividends taxed for Indian investors?
Chongqing Iron & Steel trades on the Hong Kong Stock Exchange but is domiciled in China, so any withholding on its dividends follows that country's rules rather than those of Hong Kong. Dividends are taxed at your slab rate in India. Paasa's dividend report shows the gross amount and any tax withheld for each payment.
What tax do I pay in India when I sell Chongqing Iron & Steel shares?
Hong Kong generally does not levy capital gains tax on non-resident individual investors for HKEX-listed stocks. In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the HKD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.