Stock Analysis

Chongqing Iron & Steel First Quarter 2024 Earnings: CN¥0.04 loss per share (vs CN¥0.01 loss in 1Q 2023)

Published
SEHK:1053

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).
SEHK:1053 Earnings and Revenue History May 1st 2024

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.

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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.