An update from Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) is now available.
Chongqing Iron & Steel Co., Ltd. reported a net loss of RMB3.169 billion for the year 2024, with an unappropriated profit of RMB-12.335 billion. As a result, the board decided against profit distribution or transferring capital reserve to share capital for the year. The company’s financial results, audited by Ernst & Young Hua Ming LLP, reflect challenges faced in the industry, impacting its financial stability and decisions regarding shareholder returns.
More about Chongqing Iron & Steel Co., Ltd. Class H
Chongqing Iron & Steel Co., Ltd. operates in the manufacturing industry, specifically in the ferrous metal smelting and rolling processing sector. The company primarily produces and sells hot rolled sheets, medium plates, rebars, wire rods, billets, steel by-products, and coking and coal chemical products. It has an annual steel production capacity of 10 million tons with several main production lines including wide and thick plates, medium plates, hot rolled sheets, and various rods and bar materials.
YTD Price Performance: -3.00%
Average Trading Volume: 550
Technical Sentiment Signal: Sell
Current Market Cap: €1.49B
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