Maanshan Iron & Steel Moves to Reappoint Deloitte China as Auditor

An update from Maanshan Iron & Steel Co ( (HK:0323) ) is now available.

Maanshan Iron & Steel Company Limited has proposed the reappointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte China) as its accounting firm, in line with Hong Kong listing rules. Deloitte China, a long-established professional services partnership based in Shanghai, holds the necessary Chinese regulatory approvals to audit H-share listed companies and has extensive experience across manufacturing and related industries, including 24 clients in the same sector as Maanshan Iron & Steel.

The announcement highlights Deloitte China’s scale, financial strength and compliance track record, citing its sizeable partner and staff base, significant 2024 audit revenues and comprehensive investor protection measures through risk funds and occupational insurance. While regulators have imposed limited administrative and self-regulatory measures on the firm and some practitioners in recent years, none were deemed to impair its ability to continue providing securities-related audit services, supporting continuity and stability in Maanshan Iron & Steel’s financial reporting and investor oversight.

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 joint stock company incorporated in the People’s Republic of China and listed in Hong Kong. Operating in the steel and manufacturing sector, it focuses on producing and selling iron and steel products, serving industrial customers in China and overseas capital markets through its H-share listing.

Average Trading Volume: 15,055,553

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$29.62B

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