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An announcement from Maanshan Iron & Steel Co ( (HK:0323) ) is now available.
Maanshan Iron & Steel Company Limited reported first-quarter 2026 revenue of RMB 17.72 billion, down 8.79% year on year, but returned to profitability with total profit of RMB 119.97 million and net profit attributable to shareholders of RMB 42.37 million. The company’s net cash flow from operating activities surged more than fourfold to RMB 1.41 billion and its equity attributable to shareholders edged up, indicating improved operational efficiency and a modest recovery in profitability despite lower sales.
The quarter also saw a small positive basic and diluted earnings per share of RMB 0.01, compared with a loss in the same period last year, while net profit excluding non-recurring items was slightly negative. Overall asset levels remained broadly stable, and the improvement in return on net assets suggests the company is managing capital more effectively, which may support stakeholder confidence amid a challenging steel market environment.
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 incorporated in the People’s Republic of China and listed in Hong Kong. The company operates in the iron and steel industry, generating revenue primarily from the production and sale of steel products for domestic and overseas markets.
Average Trading Volume: 14,187,663
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$32.36B
See more insights into 0323 stock on TipRanks’ Stock Analysis page.