Gansu Jiu Steel Group Hongxing Iron & SteelLtd Third Quarter 2024 Earnings: CN¥0.16 loss per share (vs CN¥0.006 profit in 3Q 2023)

Simply Wall St

October 31, 2024

Gansu Jiu Steel Group Hongxing Iron & SteelLtd (SHSE:600307) Third Quarter 2024 Results

Key Financial Results

Revenue: CN¥8.24b (down 13% from 3Q 2023).
Net loss: CN¥977.1m (down from CN¥38.2m profit in 3Q 2023).
CN¥0.16 loss per share (down from CN¥0.006 profit in 3Q 2023).

earnings-and-revenue-history — SHSE:600307 Earnings and Revenue History October 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gansu Jiu Steel Group Hongxing Iron & SteelLtd shares are up 35% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Gansu Jiu Steel Group Hongxing Iron & SteelLtd that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.