Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Angang Steel Co ( (HK:0347) ) has issued an update.
Angang Steel has issued a profit alert indicating a significantly narrower net loss for the year ended 31 December 2025, with unaudited net loss attributable to shareholders expected to be about RMB4.08 billion, down roughly 42.75% from RMB7.12 billion in 2024, and a similar reduction after excluding non-recurring items. Management attributes the improvement to an industry environment that has slightly improved despite persistent oversupply, alongside the company’s efforts to expand markets, adjust its product mix, boost operational efficiency, cut energy use and costs, optimize procurement, and upgrade key production lines, all of which have enhanced competitiveness and overall operating performance, though the group remains loss-making and advises investors to exercise caution.
The most recent analyst rating on (HK:0347) stock is a Sell with a HK$2.00 price target. To see the full list of analyst forecasts on Angang Steel Co stock, see the HK:0347 Stock Forecast page.
More about Angang Steel Co
Angang Steel Company Limited is a major Chinese steel producer listed in both Hong Kong and Shenzhen, operating in the iron and steel industry through a group structure. The company focuses on manufacturing and selling a range of steel products, and its performance is closely tied to domestic and global steel market supply-demand dynamics.
Average Trading Volume: 10,392,716
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.78B
See more data about 0347 stock on TipRanks’ Stock Analysis page.