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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 | 76.88B | 81.82B | 98.94B | 102.15B | 113.85B | 81.61B |
| Gross Profit | 533.21M | -774.78M | 557.58M | 3.31B | 14.92B | 7.98B |
| EBITDA | -2.95B | 275.82M | 2.72B | 3.19B | 10.90B | 6.89B |
| Net Income | -3.59B | -4.66B | -1.33B | -819.85M | 5.33B | 1.98B |
Balance Sheet | ||||||
| Total Assets | 82.32B | 78.96B | 84.55B | 96.89B | 91.21B | 80.71B |
| Cash, Cash Equivalents and Short-Term Investments | 8.44B | 6.43B | 5.57B | 7.16B | 12.40B | 7.38B |
| Total Debt | 19.11B | 17.17B | 16.59B | 20.21B | 17.26B | 19.29B |
| Total Liabilities | 49.80B | 51.64B | 52.27B | 63.56B | 53.80B | 48.10B |
| Stockholders Equity | 23.90B | 23.26B | 27.77B | 29.19B | 32.75B | 28.39B |
Cash Flow | ||||||
| Free Cash Flow | -2.98B | -721.51M | -4.41B | -1.70B | 9.19B | -4.26B |
| Operating Cash Flow | 940.73M | 960.87M | 1.99B | 6.64B | 16.77B | 2.77B |
| Investing Cash Flow | -3.71B | -2.79B | -560.87M | -7.10B | -10.72B | -6.08B |
| Financing Cash Flow | 3.06B | 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$303.34M | 1.10 | 19.13% | ― | -13.26% | 63.38% | |
54 Neutral | $29.55B | ― | -8.13% | ― | -10.10% | 10.40% | |
54 Neutral | HK$4.76B | 17.14 | 1.16% | 0.78% | -14.11% | ― | |
49 Neutral | €1.06B | -2.36 | -15.58% | ― | -8.38% | -86.16% | |
42 Neutral | HK$13.78B | ― | -12.42% | ― | -14.20% | 8.19% | |
41 Neutral | $26.15B | -4.29 | -8.39% | ― | -9.09% | 34.73% |
Maanshan Iron & Steel Co Corporate Events
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.
Maanshan Iron & Steel Co. announced the resolutions from its board meeting held on October 30, 2025. Key decisions included the approval of the unaudited third quarterly financial report, amendments to the Articles of Association, and the change of accounting firm. Additionally, the board approved the cancellation of a RMB3 billion guarantee for its subsidiary, Ma Steel (Hong Kong) Company Limited, due to the subsidiary’s favorable financial condition. These resolutions reflect strategic adjustments aimed at optimizing the company’s governance and financial management.
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. held its 32nd supervisory committee meeting, where it approved the unaudited financial report for the third quarter of 2025, confirming compliance with relevant laws and regulations. The committee also resolved to amend the Articles of Association, abolish the supervisory committee, and change its accounting firm from Ernst & Young Hua Ming LLP to Deloitte Touche Tohmatsu, citing management needs and Deloitte’s competence in auditing services for listed companies.
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., Ltd. has released its 2025 third quarterly report, highlighting a revenue of RMB 19.5 billion, marking a 5.35% increase compared to the same period last year. However, the company’s year-to-date revenue decreased by 6.41% compared to the previous year. The net profit attributable to equity holders was RMB 158.4 million for the quarter, with a notable increase in net cash flows from operating activities by 69.60% year-to-date. The company’s total assets grew by 5.37% from the end of the previous year, indicating a stable financial position despite the challenges in the industry.
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 a change in its accounting firm for the year 2025, selecting Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte CPA) for their audit services. Deloitte CPA, with a strong presence in the audit sector, has a significant track record and a robust investor protection capability, having served numerous listed companies, including those in the same industry as Maanshan Iron & Steel. This change is expected to enhance the company’s financial auditing processes, potentially impacting its operational transparency and stakeholder 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 announced proposed amendments to its Articles of Association and appendices, which include the abolition of its supervisory committee. The functions and powers of the supervisory committee will be transferred to the Audit and Compliance Committee under the Board. These changes are subject to approval by shareholders at an extraordinary general meeting in 2025, reflecting the company’s adaptation to regulatory requirements and its operational circumstances.
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 operating data for the first three quarters of 2025, highlighting production and sales volumes across its main product lines. The company reported production and sales volumes of 706,000 tonnes and 705,000 tonnes for long products, 722,000 tonnes and 728,000 tonnes for steel plates, 19,000 tonnes for wheels and axles, and 73,000 tonnes for commodity billets, with respective selling prices. This data release provides insights into the company’s operational performance and market positioning, potentially affecting stakeholders’ perspectives on the company’s financial health and strategic direction.
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 a board of directors meeting scheduled for October 30, 2025, to review and approve the unaudited third quarterly results for the period ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.
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 a supplemental update regarding its Capital Reduction Agreement with Baowu Water. The agreement involves a reduction in the company’s shareholding in Baowu Water to 3.151%, resulting in a change in accounting treatment to financial assets measured at fair value through other comprehensive income. This transaction does not involve cash and will not materially impact the company’s cash flow, but it signifies a shift in the company’s influence over Baowu Water.
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 an equity change resulting from the repurchase and cancellation of restricted shares, leading to an increase in the shareholding ratio of its de facto controller, China Baowu Steel Group Corporation Limited, and its concerted parties from 52.999% to 53.146%. This change does not alter the controlling shareholder or de facto controller of the company, ensuring stability in its ownership structure.
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., Ltd. has announced the implementation of a repurchase and cancellation of certain restricted shares under its 2021 A Share Incentive Scheme. This decision was made due to the failure to meet the performance appraisal objectives for 2024, resulting in the repurchase and cancellation of 21,025,600 restricted shares from 222 participants. Additionally, shares from three participants who are no longer employed by the company will also be repurchased and cancelled. This move reflects the company’s commitment to maintaining the integrity of its incentive schemes and could impact the company’s stock structure and stakeholder interests.
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., Ltd. announced the resolution of its board of directors to approve a capital reduction in Baowu Water Technology Co., Ltd., marking a related party transaction. The decision was made during the 45th meeting of the company’s tenth board session, with the resolution receiving unanimous support from non-related directors, while the related director abstained from voting.
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., Ltd. announced that its supervisory committee convened a meeting to approve a resolution regarding the capital reduction of Baowu Water Technology Co., Ltd. The resolution aligns with the company’s operational needs and strategic development, and was unanimously agreed upon by the committee members. This decision is expected to have no adverse effects on the company’s interests or those of its shareholders.
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 a capital reduction agreement involving its subsidiary, Baowu Water, and its shareholders. The agreement resulted in Magang Limited, a subsidiary of Maanshan Iron & Steel Co, reducing its capital contribution to Baowu Water by RMB538,382,200, decreasing its shareholding from 14.977% to 3.151%. This transaction, classified as a connected transaction under the Listing Rules, does not require independent shareholders’ approval due to its applicable percentage ratio. The capital reduction also involved Nanjiang Steel and Yili Steel, who will no longer hold equity in Baowu Water.
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 its participation in the 2025 Online Investors Collective Reception Day Event of Anhui Listed Companies. This event aims to enhance communication with investors and will be held online, allowing investors to engage with the company’s senior management on topics such as corporate governance and development strategies. The event is organized by the Listed Companies Association of Anhui and the Shanghai Lujiazui Management Bureau, with guidance from the Anhui office of China Securities Regulatory Commission.
The most recent analyst rating on (HK:0323) stock is a Hold with a HK$2.10 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. has issued a supplemental announcement regarding its 2024 Annual Report, detailing its ongoing connected transactions with China Baowu. The company has agreements in place for the sale and purchase of products and services with China Baowu, ensuring that pricing aligns with market standards and commercial terms. These transactions are structured to maintain competitive pricing and efficient payment terms, which could impact the company’s operational efficiency and stakeholder relations.
The most recent analyst rating on (HK:0323) stock is a Hold with a HK$2.10 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 the resolutions from its board of directors meeting held on August 29, 2025. The board approved the resignation of Mr. Mao Zhanhong from his roles as director, vice chairman, and member of the strategic and sustainable development committee. Additionally, Mr. He Anrui and Mr. Qiu Shengtao were elected as independent non-executive directors to join the strategic and sustainable development committee. These changes reflect a strategic shift in the company’s governance structure, potentially impacting its future direction and stakeholder engagement.
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 announced the resignation of Mr. Mao Zhanhong from his roles as director, vice chairman, and member of the strategic and sustainable development committee due to other work commitments. His resignation, effective August 29, 2025, will not affect the company’s board operations or daily production. The board expressed gratitude for Mr. Mao’s contributions during his tenure.
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 Co. has announced the composition of its board of directors and their roles within the company. The board, led by Executive Director Mr. Jiang Yuxiang, includes both executive and independent non-executive directors who oversee various committees such as Strategic and Sustainable Development, Audit and Compliance, Nomination, and Remuneration. This announcement underscores the company’s commitment to structured governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.
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 Co announced its 2025 interim results, highlighting a 4.25% increase in total assets and a 2.77% rise in net assets attributable to the owners of the parent compared to the previous year. The financial report has been reviewed by the company’s audit and compliance committee, though it remains unaudited. No profit distribution or capitalization of capital reserve plans were proposed during the reporting period.
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 Co. announced the resolutions from its board of directors meeting held on August 27, 2025. Key decisions include the approval of changes in provisions for inventory impairment, bad debts, and fixed asset impairment for the interim period of 2025, as well as the approval of the company’s unaudited interim financial report and risk assessment report for the first half of 2025. These resolutions reflect the company’s efforts to manage financial risks and maintain transparency in its financial reporting, potentially impacting its operational efficiency and stakeholder confidence.
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.
The Supervisory Committee of Maanshan Iron & Steel Company Limited held its 30th meeting of the tenth session on August 27, 2025, where it approved changes in provisions for impairment of inventories, bad debts, and fixed assets for the interim period of 2025. The committee also approved the company’s unaudited interim financial report, confirming its compliance with relevant laws and regulations, and ensuring that the report accurately reflects the company’s financial position without any misleading statements.
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 Co released its unaudited operating data for the first half of 2025, showing production and sales volumes for its main products. The announcement highlights the company’s production efficiency and market engagement, which may influence its industry positioning and stakeholder interests.
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 announced it will disclose its 2025 interim report on the Shanghai Stock Exchange’s website on August 27, 2025. To provide investors with a comprehensive understanding of its interim results and operations, the company will hold an online presentation on September 2, 2025. The event will feature key company executives and allow for investor interaction, aiming to address general concerns and solicit feedback.
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 Co announced a rescheduling of its board meeting from 28 August 2025 to 27 August 2025, where they will consider and approve the unaudited interim results for the first half of 2025. This change in meeting date is due to adjustments in meeting arrangements, with no other details of the meeting altered, potentially impacting the company’s operational timelines and stakeholder expectations.
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 Co announced the resignation of Mr. Zhang Wenyang from his roles as director, general manager, and financial officer, with the board unanimously approving this decision. Concurrently, Mr. Chen Guorong has been appointed as the new deputy general manager and financial officer, with unanimous board approval, indicating a strategic shift in the company’s leadership structure.
The most recent analyst rating on (HK:0323) stock is a Hold with a HK$1.60 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., Ltd. announced the resignation of Mr. Zhang Wenyang from his roles as director, general manager, and financial officer due to other work commitments. His departure will not affect the company’s operations or board quorum. The board expressed gratitude for Mr. Zhang’s contributions and appointed Mr. Chen Guorong as the new deputy general manager and financial officer, effective August 15, 2025. Mr. Chen brings extensive experience from various roles within Baosteel companies, enhancing the company’s leadership team.
The most recent analyst rating on (HK:0323) stock is a Hold with a HK$1.60 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., Ltd. has announced the composition of its board of directors and their respective roles within the company. The board includes executive directors and independent non-executive directors, with Mr. Jiang Yuxiang as Chairman. The board has also established four committees: Strategic and Sustainable Development, Audit and Compliance, Nomination, and Remuneration, with specific directors assigned as chairmen and members of these committees. This organizational structure aims to enhance the company’s governance and strategic direction, potentially impacting its operational efficiency and stakeholder confidence.
The most recent analyst rating on (HK:0323) stock is a Hold with a HK$1.60 price target. To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock, see the HK:0323 Stock Forecast page.