Stock Analysis
- Hong Kong
- /
- Metals and Mining
- /
- SEHK:1053
Chongqing Iron & Steel First Quarter 2024 Earnings: CN¥0.04 loss per share (vs CN¥0.01 loss in 1Q 2023)
Chongqing Iron & Steel (HKG:1053) First Quarter 2024 Results
Key Financial Results
- Revenue: CN¥7.74b (down 26% from 1Q 2023).
- Net loss: CN¥333.8m (loss widened by 217% from 1Q 2023).
- CN¥0.04 loss per share (further deteriorated from CN¥0.01 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Chongqing Iron & Steel shares are up 3.4% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Chongqing Iron & Steel that you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Chongqing Iron & Steel is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
About SEHK:1053
Chongqing Iron & Steel
Engages in the processing, production, and sale of steel plates and sections, wire rods, bar materials, and billets and thin plates in the People’s Republic of China.
Adequate balance sheet and slightly overvalued.