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Maanshan Iron & Steel Co Ltd Class H (HK:0323)
:0323
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Maanshan Iron & Steel Co (0323) AI Stock Analysis

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HK

Maanshan Iron & Steel Co

(OTC:0323)

Rating:47Neutral
Price Target:
HK$2.00
β–Ό(-2.91%Downside)
The overall stock score for Maanshan Iron & Steel Co is primarily impacted by its poor financial performance, characterized by negative net income and cash flow issues. Technical analysis provides some positive signals with bullish momentum indicators, but valuation remains weak due to a negative P/E ratio. The absence of earnings call data and corporate events limits additional insights.

Maanshan Iron & Steel Co (0323) vs. iShares MSCI Hong Kong ETF (EWH)

Maanshan Iron & Steel Co Business Overview & Revenue Model

Company DescriptionMaanshan Iron & Steel Company Limited, together with its subsidiaries, manufactures and sells iron and steel products, and related by-products in Mainland China, Hong Kong, and internationally. It offers steel plates, including hot and cold-rolled thin plates, galvanized plates, coil-coating plates, and medium plates; section steel products comprising H-shaped steel and medium-shaped steel; high-speed wire rod and hot-rolled reinforcing steel products; and rain wheels and wheel rims. It also engages in the production and distribution of ferrous metallurgy, screw threaded steels, round and section steels, angle and deformed steels, wires, and rods; sales, imports, and exports of iron ore, iron ore fines, and scrap steel; metallurgy and extended processing of ferrous metals; production and sales of coke and coke chemical products and energy; production and distribution of metallic products; design, research and development, manufacturing, maintenance, and sales of rail wheels, axles, wheel sets, bogies, and other rail equipment; trading of steel products and pig iron; and investment and trading businesses. The company was founded in 1953 and is headquartered in Maanshan, the People's Republic of China.
How the Company Makes MoneyMaanshan Iron & Steel Co. makes money through the production and sale of steel products. Its primary revenue streams come from selling hot-rolled and cold-rolled steel products, which are used in numerous applications across different industries. The company's comprehensive product line allows it to cater to diverse market needs, from construction to automotive manufacturing. Key factors contributing to its earnings include its strategic location near raw material sources, advanced production facilities, and a strong distribution network. Additionally, Maanshan Iron & Steel Co. engages in partnerships and collaborations with other companies and industries to enhance its market presence and product offerings, further boosting its revenue potential.

Maanshan Iron & Steel Co Financial Statement Overview

Summary
Maanshan Iron & Steel Co faces significant financial challenges, with negative net income and deteriorating revenue trends. The balance sheet shows moderate risk with a slightly leveraged position, but cash flow issues are exacerbated by negative free cash flow growth.
Income Statement
28
Negative
The income statement reflects significant challenges for Maanshan Iron & Steel Co in recent years, with consistent negative net income and deteriorating revenue. The TTM data shows a net profit margin of -5.56% and a negative gross profit margin, indicating that the company is struggling to cover its costs. Revenue has decreased from 2021 to 2025, highlighting a concerning trend in revenue growth.
Balance Sheet
45
Neutral
The balance sheet indicates a moderate level of financial risk, with a Debt-to-Equity ratio of 0.83 as of TTM, suggesting a balanced but slightly leveraged position. The equity ratio is 29.44%, showing a reasonable level of equity financing. However, the declining stockholders' equity over the years is a concern.
Cash Flow
35
Negative
Cash flow analysis reveals operational challenges, with fluctuating operating cash flows and negative free cash flows in recent years. The Free Cash Flow to Net Income ratio is negative, indicating cash flow issues. Despite a positive Operating Cash Flow to Net Income ratio of -0.56 in TTM, the negative free cash flow growth rate is troubling.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue80.85B81.82B98.94B102.15B113.85B81.61B
Gross Profit-573.29M-774.78M557.58M3.31B14.92B7.98B
EBITDA-3.72B275.82M2.72B3.19B10.90B6.89B
Net Income-4.49B-4.66B-1.33B-819.85M5.33B1.98B
Balance Sheet
Total Assets78.53B78.96B84.55B96.89B91.21B80.71B
Cash, Cash Equivalents and Short-Term Investments6.94B6.43B5.57B7.16B12.40B7.38B
Total Debt19.22B17.17B16.59B20.21B17.26B19.29B
Total Liabilities51.31B51.64B52.27B63.56B53.80B48.10B
Stockholders Equity23.12B23.26B27.77B29.19B32.75B28.39B
Cash Flow
Free Cash Flow-438.49M-721.51M-4.41B-1.70B9.19B-4.26B
Operating Cash Flow2.54B960.87M1.99B6.64B16.77B2.77B
Investing Cash Flow-2.76B-2.79B-560.87M-7.10B-10.72B-6.08B
Financing Cash Flow792.28M1.09B-1.36B516.57M-4.90B-708.74M

Maanshan Iron & Steel Co Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.06
Price Trends
50DMA
1.82
Positive
100DMA
1.80
Positive
200DMA
1.59
Positive
Market Momentum
MACD
0.05
Negative
RSI
61.65
Neutral
STOCH
49.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0323, the sentiment is Positive. The current price of 2.06 is above the 20-day moving average (MA) of 1.96, above the 50-day MA of 1.82, and above the 200-day MA of 1.59, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 61.65 is Neutral, neither overbought nor oversold. The STOCH value of 49.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0323.

Maanshan Iron & Steel Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
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%―――
―$749.27M33.960.67%0.68%――
DEDM7
―€107.41M―-15.03%―――
DECGP
―€1.49B―-16.73%―――
70
Outperform
HK$323.57M1.3418.42%―8.99%11.60%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0323
Maanshan Iron & Steel Co
2.06
0.96
87.27%
ANGGF
Angang Steel Co
0.20
0.01
5.26%
CUGCF
China Oriental Group Co
0.19
0.03
18.75%
DE:DM7
Da Ming International Holdings Limited
0.07
-0.02
-22.22%
DE:CGP
Chongqing Iron & Steel Co., Ltd. Class H
0.15
0.09
150.00%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.30
0.11
57.89%

Maanshan Iron & Steel Co Corporate Events

Maanshan Iron & Steel to Review Interim Financial Results
Jul 17, 2025

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 Reports Reduced Losses in 2025 Interim Results
Jul 14, 2025

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. Announces Key Resolutions for 2025 EGM
Jul 10, 2025

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. Approves All Resolutions at 2024 AGM
Jun 20, 2025

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 Announces Share Repurchase and Cancellation
Jun 20, 2025

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. Announces Key Board Resolutions
Jun 20, 2025

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. Approves Key Resolutions at Supervisory Committee Meeting
Jun 20, 2025

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 Revises Annual Caps with China Baowu
Jun 20, 2025

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 Updates on Independent Director Appointment
Jun 19, 2025

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. Board Approves Key Resolutions
May 20, 2025

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. Announces 2024 AGM Details and Strategic Resolutions
May 20, 2025

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 Proposes Amendments to Articles of Association
May 20, 2025

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 Delays Circular Dispatch for Major Transactions
May 13, 2025

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 Reports Q1 2025 Operating Data
Apr 29, 2025

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. Reports Q1 2025 Financial Results
Apr 29, 2025

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 Announces Major Equity Transfer and Capital Increase with Baosteel
Apr 17, 2025

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. Approves Baoshan Iron & Steel’s Participation in Shares
Apr 17, 2025

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. Announces Strategic Partnership with Baoshan Iron & Steel
Apr 17, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 15, 2025