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Maanshan Iron & Steel Co ( (HK:0323) ) just unveiled an update.
Maanshan Iron & Steel has issued an earnings alert for 2025, forecasting total profit of RMB120 million to RMB180 million but a net loss attributable to shareholders of between RMB250 million and RMB190 million, a substantial narrowing from the RMB4.659 billion loss recorded a year earlier. The company attributes the improved results to ongoing reforms, tighter cost controls, optimisation of its product mix toward higher-end offerings, and operational support from Baoshan Iron & Steel, which collectively strengthened cost competitiveness and operating performance across the group. However, persistent supply-demand imbalances in China’s steel market, pressure on steel prices, volatile raw material costs, fourth-quarter market fluctuations and weaker performance at some partially owned subsidiaries mean the company remains in a transitional phase and has not yet returned to full-year profitability, underscoring the challenging environment facing the domestic steel industry even as losses sharply narrow for stakeholders.
The most recent analyst rating on (HK:0323) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.
More about Maanshan Iron & Steel Co
Maanshan Iron & Steel Company Limited is a major Chinese steel producer, operating in the iron and steel industry with a focus on pre-steelmaking and steel rolling systems, as well as high-end steel products. The group includes subsidiaries such as Maanshan Iron & Steel Limited Company and Anhui Changjiang Steel Co., Ltd., and has been working on cost reduction, product mix optimisation and efficiency improvements to enhance its competitiveness amid ongoing capacity cuts and structural adjustments in China’s steel sector.
Average Trading Volume: 14,360,094
Technical Sentiment Signal: Buy
Current Market Cap: HK$34.05B
Learn more about 0323 stock on TipRanks’ Stock Analysis page.