Stock Analysis
- Hong Kong
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- Metals and Mining
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- 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.
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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.