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Maanshan Iron & Steel Co
(0323)
Maanshan Iron & Steel Co (0323) vs. iShares MSCI Hong Kong ETF (EWH)
Maanshan Iron & Steel Co Business Overview & Revenue Model
Maanshan Iron & Steel Co Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.87B | 81.82B | 98.94B | 102.15B | 113.85B | 81.61B |
| Gross Profit | 2.37B | -774.78M | 557.58M | 3.31B | 14.92B | 7.98B |
| EBITDA | -1.22B | 275.82M | 2.72B | 3.19B | 10.90B | 6.89B |
| Net Income | -2.04B | -4.66B | -1.33B | -819.85M | 5.33B | 1.98B |
Balance Sheet | ||||||
| Total Assets | 83.20B | 78.96B | 84.55B | 96.89B | 91.21B | 80.71B |
| Cash, Cash Equivalents and Short-Term Investments | 10.39B | 6.43B | 5.57B | 7.16B | 12.40B | 7.38B |
| Total Debt | 31.85B | 17.17B | 16.59B | 20.21B | 17.26B | 19.29B |
| Total Liabilities | 50.38B | 51.64B | 52.27B | 63.56B | 53.80B | 48.10B |
| Stockholders Equity | 24.06B | 23.26B | 27.77B | 29.19B | 32.75B | 28.39B |
Cash Flow | ||||||
| Free Cash Flow | 452.13M | -721.51M | -4.41B | -1.70B | 9.19B | -4.26B |
| Operating Cash Flow | 4.33B | 960.87M | 1.99B | 6.64B | 16.77B | 2.77B |
| Investing Cash Flow | -3.87B | -2.79B | -560.87M | -7.10B | -10.72B | -6.08B |
| Financing Cash Flow | 2.72B | 1.09B | -1.36B | 516.57M | -4.90B | -708.74M |
Maanshan Iron & Steel Co Technical Analysis
Maanshan Iron & Steel Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$358.96M | 1.31 | 19.13% | ― | -13.26% | 63.38% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | HK$5.21B | 19.68 | 1.16% | 0.76% | -14.11% | ― | |
49 Neutral | HK$32.80B | -9.47 | -8.13% | ― | -10.10% | 10.40% | |
47 Neutral | $26.31B | -4.29 | -8.39% | ― | -9.09% | 34.73% | |
47 Neutral | HK$15.07B | -5.00 | -12.42% | ― | -14.20% | 8.19% | |
46 Neutral | HK$1.03B | -2.31 | -15.58% | ― | -8.38% | -86.16% |
Maanshan Iron & Steel Co Corporate Events
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.
Maanshan Iron & Steel Company Limited has announced the current composition of its board of directors, led by executive director and chairman Jiang Yuxiang, and comprising four independent non-executive directors and one employee director. The board has established four key committees—Strategic and Sustainable Development, Audit and Compliance, Nomination, and Remuneration and Appraisal—with detailed assignments of chairmanships and memberships, signalling a structured governance framework that emphasizes strategic planning, sustainability, oversight, and compliance, which may bolster corporate governance standards and investor confidence.
The most recent analyst rating on (HK:0323) stock is a Buy with a HK$2.80 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.
Maanshan Iron & Steel Company Limited has approved a comprehensive overhaul of its corporate governance framework, aligning its internal rules and committee charters with the latest Company Law of the People’s Republic of China, stock exchange listing rules, and regulatory guidelines. The board resolved to revise and, in several cases, consolidate the working rules of key board committees, management authorization procedures, insider registration, related-party transaction management, information disclosure systems, investor relations management, and shareholding rules for directors and senior management. These changes are aimed at strengthening governance structures, improving regulatory compliance, and enhancing transparency and oversight, which may have implications for board operations, risk control and stakeholder confidence in the company’s management and disclosure practices.
The most recent analyst rating on (HK:0323) stock is a Buy with a HK$2.80 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.
Maanshan Iron & Steel Company Limited announced that all resolutions proposed at its 2025 third extraordinary general meeting, held on 24 December 2025 at the company’s headquarters in Maanshan, Anhui Province, were approved with no resolutions voted down. The meeting saw strong shareholder participation, with 683 shareholders or proxies present representing approximately 71.45% of the company’s voting share capital across both A shares and H shares, and was conducted in accordance with PRC Company Law and the company’s Articles of Association under the chairmanship of Jiang Yuxiang, with full attendance by directors and supervisors and oversight by independent legal counsel and an external accounting firm acting as scrutineer.
The most recent analyst rating on (HK:0323) stock is a Buy with a HK$2.80 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.
Maanshan Iron & Steel Company Limited has elected Mr. Tang Qiming as an employee director to the tenth session of its board, with a term running from 18 December 2025 until the end of that board session. The appointment, made through the company’s staff representatives meeting in accordance with PRC company law, keeps the proportion of internal directors below half of the total board, ensuring continued compliance with legal and corporate governance standards. Mr. Tang, a 58-year-old senior engineer and MBA holder who has been with the company since 1989, currently holds several key party, discipline inspection and trade union roles within Maanshan Iron & Steel, its parent Magang Group and related entities. His remuneration will be set under existing performance and pay management rules, subject to shareholder approval and disclosure in the annual report, and the company will formalize his role through a service contract outlining his term and compensation, underscoring a structured approach to board appointments and transparency for stakeholders.
The most recent analyst rating on (HK:0323) stock is a Buy with a HK$2.80 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.
Maanshan Iron & Steel Company Limited has announced the convening of its 2025 third extraordinary general meeting (EGM) to be held on December 24, 2025. Key resolutions to be considered include changing the accounting firm for 2025 and amending the Articles of Association, which involves abolishing the supervisory committee. These changes could impact the company’s governance structure and financial oversight, potentially affecting stakeholders and market positioning.
The most recent analyst rating on (HK:0323) stock is a Buy with a HK$2.80 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.
Maanshan Iron & Steel Company Limited has announced the postponement of the re-election of its Board of Directors and the abolition of its Supervisory Committee. This decision is made to ensure continuity and stability in operations while the company transitions to having its Audit and Compliance Management Committee take over the Supervisory Committee’s duties. The postponement will not disrupt the company’s normal operations, and all current board and committee members will continue in their roles until the re-election process is completed.
The most recent analyst rating on (HK:0323) stock is a Buy with a HK$2.80 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.
Maanshan Iron & Steel Co. announced its 2025 third quarterly results presentation, which will be held online on November 13, 2025. The event aims to provide investors with a comprehensive understanding of the company’s performance and operations for the first three quarters of 2025. Key company executives will participate in the presentation to address general investor concerns and answer questions. This initiative reflects the company’s commitment to transparency and investor engagement, potentially impacting investor confidence and stakeholder relations.
The most recent analyst rating on (HK:0323) stock is a Buy with a HK$2.80 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.