Loading...
Back to narrative

323: Governance Overhaul And Auditor Change Will Shape A Balanced Outlook

Urbanization and Belt and Road Will Shape Steel Industry Outlook in 2025

323 logo
323
AnalystConsensusTarget
Not Invested
Published 19 Jul 2025

Update shared on 09 Dec 2025

Fair value Increased 0.38%
Previous
n/a
n/a
AnalystConsensusTarget's Fair Value
n/a
Loading
1Y
83.1%
7D
-4.8%

Analysts have nudged their price target on Maanshan Iron & Steel slightly higher to reflect modestly stronger forecast revenue growth and a marginally higher assumed future P/E multiple, partially offset by a small downgrade to long term profit margin expectations and a higher discount rate.

What's in the News

  • Upcoming special and extraordinary shareholders meeting scheduled for December 24, 2025, in Maanshan, Anhui, to deliberate key corporate matters including governance changes (Key Developments).
  • Proposed amendments to the Articles of Association and abolition of the supervisory committee to be put before shareholders as a special resolution at the third extraordinary general meeting of 2025 (Key Developments).
  • Board and supervisory committee already approved the above governance changes at meetings held on October 30, 2025, pending shareholder approval (Key Developments).
  • Company announced strong production metrics for the first three quarters of 2025, including 7,060,000 tonnes of long products and 7,220,000 tonnes of steel plates, alongside wheels, axles, and billet output (Key Developments).
  • Board approved a change of auditor for the 2025 financial year after Ernst & Young Hua Ming LLP was removed from parent group China Baowu’s list of approved domestic audit institutions (Key Developments).

Valuation Changes

  • The Fair Value estimate has risen slightly to HK$2.49 from HK$2.48 previously, reflecting only a marginal uplift in intrinsic value.
  • The Discount Rate has increased modestly to 8.85 percent, up from 8.68 percent, implying a slightly higher required return and marginally lower present value of future cash flows.
  • The Revenue Growth assumption has risen moderately to 2.06 percent from 1.73 percent, indicating a somewhat stronger top-line outlook.
  • The Net Profit Margin forecast has edged down slightly to 5.15 percent from 5.20 percent, signaling a small deterioration in expected profitability.
  • The future P/E multiple has increased marginally to 5.17x from 5.15x, suggesting a slightly higher valuation being assigned to future earnings.

Have other thoughts on Maanshan Iron & Steel?

Create your own narrative on this stock, and estimate its Fair Value using our Valuator tool.

Create Narrative

Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.