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Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) has provided an announcement.
Chongqing Iron & Steel Company Limited has warned investors that it expects to post a net loss attributable to shareholders of between RMB2.5 billion and RMB2.8 billion for 2025, a narrower loss than the RMB3.196 billion reported a year earlier, with a similar reduction in loss when excluding non-recurring items. The company attributes the continued losses to a volatile domestic steel market, weak demand for construction materials, and asset impairment provisions required under accounting rules, but notes it is pushing cost-cutting and efficiency measures, optimizing raw material use, boosting smelting efficiency, and focusing on higher value-added products to improve operating performance and mitigate long-term industry downside risks.
The most recent analyst rating on (HK:1053) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Chongqing Iron & Steel Co., Ltd. Class H stock, see the HK:1053 Stock Forecast page.
More about Chongqing Iron & Steel Co., Ltd. Class H
Chongqing Iron & Steel Company Limited is a mainland Chinese steel producer, operating in the ferrous metals and steel manufacturing industry. Its core business focuses on producing construction-related steel products and higher value-added steel materials for the domestic market, where it is working to enhance energy efficiency, refine process control, and expand into higher value segments to strengthen competitiveness amid ongoing structural adjustments in the steel sector.
Average Trading Volume: 9,133,629
Technical Sentiment Signal: Buy
Current Market Cap: HK$14.69B
For detailed information about 1053 stock, go to TipRanks’ Stock Analysis page.