Maanshan Iron & Steel Co stock analysis
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Maanshan Iron & Steel Co (0323) Stock Price & Analysis
0323 Stock Chart & Stats
- Day’s Range
- HKD 1.17 - HKD 1.25
- 52-Week Range
- HKD 1.17 - HKD 3.07
- Previous Close
- HKD 1.24
- Volume
- N/A
- Average Volume (3M)
- 4.52M
- Market Cap
- HKD 16.84B
- Enterprise Value
- HKD 45.52B
- Total Cash (Recent Filing)
- HKD 10.84B
- Total Debt (Recent Filing)
- HKD 12.90B
- Price to Earnings (P/E)
- ―
- Beta
- 0.80
- Next Earnings
- Mar 26, 2027 (Est.)
- EPS Estimate
- 0.04
- Last Dividend Ex-Date
- Jun 21, 2023
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Positive Cash Generation
Positive operating cash flow across the reported periods, including about 3.8B TTM, and positive TTM free cash flow show that the steel operation is currently converting activity into cash. This provides funding for working capital and investment, although the cash record remains cyclical.
Improving Profitability
The move from deeply negative margins in 2024 to positive EBITDA and narrower losses in 2025 and TTM indicates operational improvement through the cycle. If sustained, this recovery can strengthen cash generation and provide a better base for restoring profitability.
Integrated Steel Operations
The company operates across the steel value chain, from ironmaking and steelmaking through rolling and processing. This integrated footprint supports production of multiple finished products for construction, machinery, and automotive-related users, broadening its industrial market participation.
Bears Say
Persistent Losses And Thin Margins
Ongoing TTM net losses and very thin gross and EBITDA margins leave limited room to absorb changes in steel prices, input costs, or operating performance. This weak profitability constrains internally generated capital and makes a durable earnings recovery dependent on improved industry conditions.
Revenue Decline
The continuing revenue decline since 2022 indicates that the company has not yet re-established sustained top-line growth. Lower sales can reduce operating leverage across an asset-intensive steel business, making it harder to spread fixed costs and rebuild margins without stronger demand or improved product mix.
Elevated Leverage And Negative ROE
Debt-to-equity above 1.1 represents a materially more leveraged balance sheet than in prior years, while negative ROE confirms that capital is not currently producing positive returns. Together, these factors reduce financial flexibility and can constrain investment or other capital allocation choices.
Maanshan Iron & Steel Co News
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Maanshan Iron & Steel Co Stock Smart Score
Company Description
Maanshan Iron & Steel Co
Maanshan Iron & Steel Company Limited, established in 1953 and headquartered in Maanshan, People's Republic of China, operates as a significant manufacturer and seller of iron and steel products and their related by-products. The company's market reach extends across Mainland China, Hong Kong, and various international regions. Its extensive product portfolio encompasses a variety of steel plates, including hot-rolled, cold-rolled thin, galvanized, coil-coating, and medium-gauge options. The company also produces structural steel forms such as H-shaped and medium-shaped sections, high-speed wire rods, hot-rolled reinforcing steels, and even supplies rain wheels and wheel rims. Beyond primary steel production, Maanshan Iron & Steel is actively involved in a wide array of metallurgical activities. These include the production and distribution of ferrous metallurgy items, screw-threaded steels, and various steel profiles like round, section, angle, and deformed steels, as well as wires and rods. The company manages the entire value chain by engaging in the sale, import, and export of critical raw materials such as iron ore, iron ore fines, and scrap steel. Furthermore, it undertakes the extended processing of ferrous metals, produces and distributes coke, coke chemical products, and energy. Its operations also encompass the manufacturing and distribution of other metallic products, alongside the comprehensive design, research, development, production, maintenance, and sale of railway components, including wheels, axles, wheel sets, and bogies. Additionally, the enterprise participates in trading steel products and pig iron, coupled with diverse investment and trading ventures.
- Sector
- Basicmaterials
- Industry
- Steel
- CEO
- Yuxiang Jiang
- Employees
- 16,780
- Website
- www.magang.com.cn
- Address
- No. 8, Jiu Hua Xi Road, Maanshan, AN, 243003, CN
Maanshan Iron & Steel Co (0323) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 2 | 14 |
| Technical Analysis | 6 | 2 | 2 |
| Moving Averages | 0 | 0 | 12 |










