Maanshan Iron & Steel Company Limited

SEHK:323 Stock Report

Market Cap: HK$29.1b

Maanshan Iron & Steel Future Growth

Future criteria checks 3/6

Maanshan Iron & Steel is forecast to grow earnings and revenue by 112% and 1.7% per annum respectively. EPS is expected to grow by 106.2% per annum. Return on equity is forecast to be 8.9% in 3 years.

Key information

112.0%

Earnings growth rate

106.19%

EPS growth rate

Metals and Mining earnings growth25.0%
Revenue growth rate1.7%
Future return on equity8.92%
Analyst coverage

Good

Last updated28 Nov 2025

Recent future growth updates

Maanshan Iron & Steel Company Limited (HKG:323) Just Released Its Half-Year Earnings: Here's What Analysts Think

Aug 31
Maanshan Iron & Steel Company Limited (HKG:323) Just Released Its Half-Year Earnings: Here's What Analysts Think

Earnings Update: Here's Why Analysts Just Lifted Their Maanshan Iron & Steel Company Limited (HKG:323) Price Target To HK$1.80

Apr 01
Earnings Update: Here's Why Analysts Just Lifted Their Maanshan Iron & Steel Company Limited (HKG:323) Price Target To HK$1.80

Recent updates

Maanshan Iron & Steel Company Limited (HKG:323) Looks Inexpensive But Perhaps Not Attractive Enough

Oct 13
Maanshan Iron & Steel Company Limited (HKG:323) Looks Inexpensive But Perhaps Not Attractive Enough

Maanshan Iron & Steel Company Limited (HKG:323) Just Released Its Half-Year Earnings: Here's What Analysts Think

Aug 31
Maanshan Iron & Steel Company Limited (HKG:323) Just Released Its Half-Year Earnings: Here's What Analysts Think

Health Check: How Prudently Does Maanshan Iron & Steel (HKG:323) Use Debt?

Aug 05
Health Check: How Prudently Does Maanshan Iron & Steel (HKG:323) Use Debt?
User avatar

Urbanization And Belt And Road Will Drive Future Steel Demand

Focus on higher-value steel products, green manufacturing, and digitalization is expected to boost margins, enhance pricing power, and support long-term profitability.

Getting In Cheap On Maanshan Iron & Steel Company Limited (HKG:323) Is Unlikely

Jul 10
Getting In Cheap On Maanshan Iron & Steel Company Limited (HKG:323) Is Unlikely

Benign Growth For Maanshan Iron & Steel Company Limited (HKG:323) Underpins Stock's 29% Plummet

Apr 07
Benign Growth For Maanshan Iron & Steel Company Limited (HKG:323) Underpins Stock's 29% Plummet

Earnings Update: Here's Why Analysts Just Lifted Their Maanshan Iron & Steel Company Limited (HKG:323) Price Target To HK$1.80

Apr 01
Earnings Update: Here's Why Analysts Just Lifted Their Maanshan Iron & Steel Company Limited (HKG:323) Price Target To HK$1.80

Is Maanshan Iron & Steel (HKG:323) Weighed On By Its Debt Load?

Mar 24
Is Maanshan Iron & Steel (HKG:323) Weighed On By Its Debt Load?

Is Maanshan Iron & Steel (HKG:323) Using Too Much Debt?

Nov 04
Is Maanshan Iron & Steel (HKG:323) Using Too Much Debt?

Maanshan Iron & Steel Company Limited's (HKG:323) Shares Climb 62% But Its Business Is Yet to Catch Up

Oct 07
Maanshan Iron & Steel Company Limited's (HKG:323) Shares Climb 62% But Its Business Is Yet to Catch Up

Revenues Not Telling The Story For Maanshan Iron & Steel Company Limited (HKG:323) After Shares Rise 62%

Oct 07
Revenues Not Telling The Story For Maanshan Iron & Steel Company Limited (HKG:323) After Shares Rise 62%

Maanshan Iron & Steel (HKG:323) Has Debt But No Earnings; Should You Worry?

Jun 26
Maanshan Iron & Steel (HKG:323) Has Debt But No Earnings; Should You Worry?

Is Maanshan Iron & Steel (HKG:323) Using Too Much Debt?

Jan 09
Is Maanshan Iron & Steel (HKG:323) Using Too Much Debt?

Maanshan Iron & Steel Company Limited (HKG:323) Shares Could Be 21% Above Their Intrinsic Value Estimate

Nov 02
Maanshan Iron & Steel Company Limited (HKG:323) Shares Could Be 21% Above Their Intrinsic Value Estimate

Is Maanshan Iron & Steel (HKG:323) Using Debt In A Risky Way?

Sep 05
Is Maanshan Iron & Steel (HKG:323) Using Debt In A Risky Way?

Calculating The Fair Value Of Maanshan Iron & Steel Company Limited (HKG:323)

Jul 14
Calculating The Fair Value Of Maanshan Iron & Steel Company Limited (HKG:323)

Is Maanshan Iron & Steel (HKG:323) Using Debt Sensibly?

May 18
Is Maanshan Iron & Steel (HKG:323) Using Debt Sensibly?

Estimating The Intrinsic Value Of Maanshan Iron & Steel Company Limited (HKG:323)

Mar 27
Estimating The Intrinsic Value Of Maanshan Iron & Steel Company Limited (HKG:323)

Is Maanshan Iron & Steel (HKG:323) Weighed On By Its Debt Load?

Jan 20
Is Maanshan Iron & Steel (HKG:323) Weighed On By Its Debt Load?

Does Maanshan Iron & Steel (HKG:323) Have A Healthy Balance Sheet?

Oct 19
Does Maanshan Iron & Steel (HKG:323) Have A Healthy Balance Sheet?

Maanshan Iron & Steel (HKG:323) Could Be At Risk Of Shrinking As A Company

Sep 26
Maanshan Iron & Steel (HKG:323) Could Be At Risk Of Shrinking As A Company

We Think Maanshan Iron & Steel (HKG:323) Can Stay On Top Of Its Debt

Jul 19
We Think Maanshan Iron & Steel (HKG:323) Can Stay On Top Of Its Debt

Maanshan Iron & Steel's (HKG:323) Returns On Capital Are Heading Higher

Jun 28
Maanshan Iron & Steel's (HKG:323) Returns On Capital Are Heading Higher

Maanshan Iron & Steel (HKG:323) Is Achieving High Returns On Its Capital

Dec 30
Maanshan Iron & Steel (HKG:323) Is Achieving High Returns On Its Capital

Here's Why Maanshan Iron & Steel (HKG:323) Can Manage Its Debt Responsibly

Oct 26
Here's Why Maanshan Iron & Steel (HKG:323) Can Manage Its Debt Responsibly

Returns At Maanshan Iron & Steel (HKG:323) Are On The Way Up

Sep 30
Returns At Maanshan Iron & Steel (HKG:323) Are On The Way Up

Maanshan Iron & Steel (HKG:323) Will Pay A Larger Dividend Than Last Year At HK$0.16

Jul 03
Maanshan Iron & Steel (HKG:323) Will Pay A Larger Dividend Than Last Year At HK$0.16

Earnings and Revenue Growth Forecasts

SEHK:323 - Analysts future estimates and past financials data (CNY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202781,4822,222N/A1,4895
12/31/202681,2051,389N/A6,3726
12/31/202580,186404N/A-2636
9/30/202577,876-2,0414622,735N/A
6/30/202576,885-3,589-1,656674N/A
3/31/202580,850-4,4928832,533N/A
12/31/202481,817-4,659-722961N/A
9/30/202486,534-2,264-1,7252,703N/A
6/30/202492,965-236-3,6331,309N/A
3/31/202496,593-1,129-6,489-973N/A
12/31/202398,938-1,327-4,4071,992N/A
9/30/202396,759-3,148-2,6292,474N/A
6/30/202394,767-4,547-9045,174N/A
3/31/202398,310-2,648-1,5056,661N/A
12/31/2022102,154-885-1,7006,642N/A
9/30/2022107,347-5302,02511,748N/A
6/30/2022113,3542,115-3828,872N/A
3/31/2022116,5465,0758,44216,218N/A
12/31/2021113,8515,3329,18816,774N/A
9/30/2021109,2196,9525,14711,351N/A
6/30/2021101,0495,8146,09513,105N/A
3/31/202189,2933,1167768,091N/A
12/31/202081,6141,983-4,2572,771N/A
9/30/202078,8921,2211,0748,682N/A
6/30/202078,665796-2355,839N/A
3/31/202076,7521,4221,6707,029N/A
12/31/201978,2631,1283,0147,866N/A
9/30/201976,4171,8244,2987,499N/A
6/30/201978,9153,659N/A12,611N/A
3/31/201981,3614,609N/A10,948N/A
12/31/201881,9525,943N/A13,870N/A
9/30/201883,4806,973N/A9,925N/A
6/30/201878,1035,914N/A7,373N/A
3/31/201874,1994,645N/A3,589N/A
12/31/201773,2284,129N/A4,600N/A
9/30/201768,1493,209N/A5,022N/A
6/30/201762,4622,420N/A5,552N/A
3/31/201756,3862,479N/A3,879N/A
12/31/201648,2751,229N/A4,620N/A
9/30/201643,374-1,469N/A5,112N/A
6/30/201642,663-3,115N/A1,764N/A
3/31/201642,587-4,557N/A5,951N/A
12/31/201545,109-4,804N/A5,865N/A
9/30/201550,114-2,028N/A3,033N/A
6/30/201554,404-286N/A6,153N/A
3/31/201557,92571N/A5,736N/A
12/31/201459,821221N/A2,913N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 323 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.8%).

Earnings vs Market: 323 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 323 is expected to become profitable in the next 3 years.

Revenue vs Market: 323's revenue (1.7% per year) is forecast to grow slower than the Hong Kong market (8.5% per year).

High Growth Revenue: 323's revenue (1.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 323's Return on Equity is forecast to be low in 3 years time (8.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/15 04:38
End of Day Share Price 2025/12/15 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Maanshan Iron & Steel Company Limited is covered by 37 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ephrem RaviBarclays
Miriam ChanBofA Global Research
Sharizan RoselyCGS International