Maanshan Iron & Steel Co (HK:0323) has released an update.
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Maanshan Iron & Steel Co has reported a significant downturn in its financial performance for the third quarter of 2024, with revenue dropping by 25.79% compared to the same period last year and a net loss attributable to equity holders reaching RMB 1.39 billion. Despite a positive cash flow from operating activities, the company’s total assets and shareholder equity have also decreased, highlighting financial challenges in the current market. This performance may prompt investors to reassess their positions as the company navigates through these turbulent times.
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