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Maanshan Iron & Steel Co
(OTC: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 | 80.85B | 81.82B | 98.94B | 102.15B | 113.85B | 81.61B |
| Gross Profit | -573.29M | -774.78M | 557.58M | 3.31B | 14.92B | 7.98B |
| EBITDA | -3.72B | 275.82M | 2.72B | 3.19B | 10.90B | 6.89B |
| Net Income | -4.49B | -4.66B | -1.33B | -819.85M | 5.33B | 1.98B |
Balance Sheet | ||||||
| Total Assets | 78.53B | 78.96B | 84.55B | 96.89B | 91.21B | 80.71B |
| Cash, Cash Equivalents and Short-Term Investments | 6.94B | 6.43B | 5.57B | 7.16B | 12.40B | 7.38B |
| Total Debt | 19.22B | 17.17B | 16.59B | 20.21B | 17.26B | 19.29B |
| Total Liabilities | 51.31B | 51.64B | 52.27B | 63.56B | 53.80B | 48.10B |
| Stockholders Equity | 23.12B | 23.26B | 27.77B | 29.19B | 32.75B | 28.39B |
Cash Flow | ||||||
| Free Cash Flow | -438.49M | -721.51M | -4.41B | -1.70B | 9.19B | -4.26B |
| Operating Cash Flow | 2.54B | 960.87M | 1.99B | 6.64B | 16.77B | 2.77B |
| Investing Cash Flow | -2.76B | -2.79B | -560.87M | -7.10B | -10.72B | -6.08B |
| Financing Cash Flow | 792.28M | 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 |
|---|---|---|---|---|---|---|---|
47 Neutral | $25.77B | ― | -17.87% | ― | -17.35% | -278.88% | |
44 Neutral | C$972.32M | -6.68 | -13.73% | 2.45% | 17.55% | -32.57% | |
| ― | $3.33B | ― | -12.08% | ― | ― | ― | |
| ― | $749.27M | 33.96 | 0.67% | 0.68% | ― | ― | |
| ― | €107.41M | ― | -15.03% | ― | ― | ― | |
| ― | €1.49B | ― | -16.73% | ― | ― | ― | |
70 Outperform | HK$323.57M | 1.34 | 18.42% | ― | 8.99% | 11.60% |
Maanshan Iron & Steel Co Corporate Events
Maanshan Iron & Steel Company Limited has announced that its board of directors will meet on August 28, 2025, to review and approve the company’s unaudited interim results for the first half of the year. 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 Sell with a HK$1.10 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 its estimated interim results for the first half of 2025, projecting a net loss of approximately RMB 0.075 billion, a significant reduction in loss compared to the previous year. The company has implemented measures to improve efficiency and reduce costs, resulting in improved production and operation performance, although a net profit turnaround has not yet been achieved.
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. has announced an extraordinary general meeting scheduled for July 30, 2025, to discuss key resolutions, including a supplemental agreement with China Baowu Steel Group for product sales from 2025 to 2027 and the repurchase and cancellation of certain restricted shares. These resolutions could significantly impact the company’s operational strategies and shareholder value, indicating a strategic alignment with major industry players and a focus on optimizing capital structure.
The most recent analyst rating on (HK:0323) stock is a Hold with a HK$1.80 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 2024 Annual General Meeting on June 20, 2025, where all proposed resolutions were approved. The meeting saw participation from 751 shareholders, representing over 71% of the company’s voting shares. The AGM was conducted in accordance with legal and corporate guidelines, with full attendance from the company’s directors and supervisors, indicating strong governance and stakeholder engagement.
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 announced the implementation of a repurchase and cancellation of certain restricted shares under its 2021 A Share Incentive Scheme. This decision, approved by the board and supervisory committee, aims to manage the company’s share structure effectively, potentially impacting shareholder value and company operations.
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. announced several resolutions from its board of directors meeting held on June 20, 2025. Key decisions include the approval of a share repurchase and cancellation, a planned donation of RMB2.0 million for 2025, and a supplemental agreement with China Baowu Steel Group for 2025-2027. These resolutions, particularly the connected transaction with China Baowu, indicate strategic moves to strengthen partnerships and enhance corporate responsibility, potentially impacting stakeholders positively.
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 held its 29th supervisory committee meeting to approve several resolutions, including the repurchase and cancellation of certain restricted shares, a 2025 donation budget for poverty alleviation, and a supplemental agreement with China Baowu Steel Group Corporation Limited for product sales and purchases from 2025 to 2027. These resolutions align with the company’s strategic goals and operational needs, ensuring compliance with legal and regulatory standards while maintaining shareholder interests.
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 has entered into a Supplemental Agreement with China Baowu to revise the annual caps of their existing sale and purchase agreement due to increased demand. The revised caps significantly increase the transaction values for the years 2025 to 2027, requiring compliance with major transaction regulations under the Listing Rules, including independent shareholder approval.
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 a supplemental update regarding the appointment of Ms. Zeng Xiangfei as an independent non-executive director. Ms. Zeng has confirmed her compliance with the independence guidelines as per the Listing Rules, and the Board has deemed her independent, ensuring no conflicts of interest with the company’s operations or its core connected persons.
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. announced the resolutions from its board of directors meeting held on May 20, 2025. The board approved amendments to the Articles of Association and set the agenda for the 2024 annual general meeting, scheduled for June 20, 2025. These decisions reflect the company’s ongoing governance and strategic planning efforts.
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 details of its 2024 Annual General Meeting (AGM), scheduled for June 20, 2025, in Maanshan City, Anhui Province, China. Key resolutions to be discussed include the approval of the 2024 work reports, audited financial statements, profit distribution plan, and the introduction of Baoshan Iron & Steel Co., Ltd. as an investor. Additionally, amendments to the Articles of Association will be considered, reflecting the company’s strategic adjustments and potential impacts on its governance and shareholder 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. has announced proposed amendments to its Articles of Association following the repurchase and cancellation of 24,833,400 restricted shares. This decision was made after the company failed to meet its 2023 performance appraisal objectives and due to changes in participant eligibility in its Restricted A Share Incentive Scheme. The amendments, which reflect changes in the company’s share capital structure, are subject to shareholder approval at the 2025 annual general meeting.
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 announced a delay in the dispatch of a circular related to its major transactions, including an Equity Transfer Agreement and a Capital Increase Agreement. The delay, extending the dispatch date to on or before May 21, 2025, is due to the need for additional time to finalize certain information, impacting the timeline for shareholder review and approval.
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 has announced its key operating data for the first quarter of 2025, reporting production and sales volumes across its main product lines. The company produced and sold significant volumes of long products, steel plates, wheels and axles, and steel billets, with respective selling prices provided. This data release provides stakeholders with insights into the company’s operational performance and market positioning for the quarter.
Maanshan Iron & Steel Co. reported its 2025 first quarterly financial results, showing a decrease in revenue by 4.74% compared to the same period last year. Despite a net loss attributable to shareholders, the company improved its net cash flows from operating activities significantly, indicating a potential positive shift in operational efficiency.
Maanshan Iron & Steel Co announced a major transaction involving an Equity Transfer Agreement and a Capital Increase Agreement with Baosteel, where it will transfer 35.42% equity interests in a target company to Baosteel for RMB5.139 billion. Additionally, Baosteel will make a capital contribution of RMB3.861 billion to the target company. Upon completion, Maanshan Iron & Steel Co will hold 51% and Baosteel 49% of the target company, making it a non-wholly-owned subsidiary. This transaction, classified as a major and connected transaction under Hong Kong’s Listing Rules, requires shareholder approval and independent financial advice.
Maanshan Iron & Steel Co., Ltd. announced that its board of directors has approved a resolution to introduce Baoshan Iron & Steel Co., Ltd. as a participant in its shares. This decision, which was approved by a special meeting of independent directors, will be submitted to the company’s general meeting for consideration and approval by non-connected shareholders. The move could potentially impact the company’s operations and market positioning by involving a significant player in the industry.
Maanshan Iron & Steel Co., Ltd. held a supervisory committee meeting to discuss the introduction of Baoshan Iron & Steel Co., Ltd. as a participant in its shares. The resolution was approved unanimously by the committee, aligning with legal and regulatory requirements, and is set to be proposed to the company’s general meeting for further approval. This move is seen as a strategic step for the company’s long-term development, potentially impacting its operational and market positioning.