Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) just unveiled an update.
Chongqing Iron & Steel Co., Ltd. announced an estimated net loss of approximately RMB117 million for the first quarter of 2025, a significant improvement from the RMB333.76 million loss in the same period last year. This reduction in losses is attributed to enhanced production efficiency, rigorous cost-cutting measures, and strategic adjustments in procurement and sales to counter market pressures, indicating a positive shift in operational performance.
More about Chongqing Iron & Steel Co., Ltd. Class H
Chongqing Iron & Steel Co., Ltd. operates in the steel industry, focusing on the production and sale of iron and steel products. The company is known for its efforts in optimizing production processes and enhancing cost efficiency to maintain competitiveness in the market.
YTD Price Performance: -9.00%
Average Trading Volume: 750
Technical Sentiment Signal: Hold
Current Market Cap: €1.44B
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