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Chongqing Iron & Steel Faces Revenue Decline in Q3 2024

Chongqing Iron & Steel Faces Revenue Decline in Q3 2024

Chongqing Iron & Steel Co., Ltd. Class H (HK:1053) has released an update.

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Chongqing Iron & Steel Co., Ltd. reported a significant decrease in revenue and a net loss for Q3 2024, with revenues down by 38.88% compared to the same period last year. The company’s total assets and shareholders’ equity also declined, reflecting challenging market conditions. Investors are advised to remain cautious given the unaudited nature of these figures.

For further insights into HK:1053 stock, check out TipRanks’ Stock Analysis page.

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