Maanshan Iron & Steel Full Year 2024 Earnings: CN¥0.61 loss per share (vs CN¥0.17 loss in FY 2023)

Maanshan Iron & Steel (HKG:323) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥81.8b (down 17% from FY 2023).
• Net loss: CN¥4.66b (loss widened by 251% from FY 2023).
• CN¥0.61 loss per share (further deteriorated from CN¥0.17 loss in FY 2023).

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

Maanshan Iron & Steel Earnings Insights

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Metals and Mining industry in Hong Kong.

Performance of the Hong Kong Metals and Mining industry.

The company's shares are down 5.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Maanshan Iron & Steel that you need to be mindful of.

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