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Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) just unveiled an update.
Chongqing Iron & Steel Co., Ltd. reported a 14.51% decrease in revenue for the first quarter of 2025 compared to the previous year, with a net loss attributable to shareholders. Despite the decline in revenue, the company saw a slight improvement in its weighted average return on net assets. The company’s production and sales volumes for major products like plates and hot rolled sheets remained robust, although average selling prices varied. Stakeholders are advised to exercise caution due to the unaudited nature of the data.
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 steel products such as plates, hot rolled sheets, and billets. The company is a key player in the Chinese steel market, providing essential materials for various industrial applications.
YTD Price Performance: -20.0%
Average Trading Volume: 750
Technical Sentiment Signal: Buy
Current Market Cap: €1.32B
See more insights into 1053 stock on TipRanks’ Stock Analysis page.
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