Stock Analysis
- Hong Kong
- /
- Metals and Mining
- /
- SEHK:347
Angang Steel Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Angang Steel (HKG:347) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥28.1b (flat on 2Q 2023).
- Net loss: CN¥1.03b (loss narrowed by 14% from 2Q 2023).
- CN¥0.11 loss per share (improved from CN¥0.13 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Angang Steel Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 20%.
Looking ahead, revenue is expected to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Hong Kong are expected to grow by 7.7%.
Performance of the Hong Kong Metals and Mining industry.
The company's shares are up 1.8% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Angang Steel's balance sheet and an in-depth analysis of the company's financial position.
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About SEHK:347
Angang Steel
Engages in the production, processing, and sale of steel products in the People’s Republic of China and internationally.