Want to see HK:0323 full AI Analyst Report?
Top Page
Maanshan Iron & Steel Co
(0323)
Select Model
Select Model
Rating:45Neutral
Price Target:
HK$1.50
â–¼(-12.79% Downside)
Action:Reiterated
Date:10/31/26
The score is held down primarily by weak financial performance (ongoing TTM net losses, very thin margins, and higher leverage), partially offset by positive operating cash flow and positive free cash flow. Technicals further pressure the score as the stock is in a clear downtrend with negative MACD, despite oversold RSI/Stoch readings. Valuation is also constrained by a negative P/E and no provided dividend yield.
Positive Factors
Positive Cash Generation
Positive operating cash flow and free cash flow provide internally generated funds for operations, maintenance, and investment despite reported losses. This is a meaningful financial strength over the next several quarters, although its durability depends on the steel cycle and working-capital discipline.
Negative Factors
Persistent Unprofitability
Ongoing TTM net and EBIT losses, combined with very thin gross and EBITDA margins, show that the company has not yet restored sustainable earnings power. Limited margin buffer leaves results highly sensitive to steel prices, input costs, product mix, and operating efficiency over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Cash Generation
Positive operating cash flow and free cash flow provide internally generated funds for operations, maintenance, and investment despite reported losses. This is a meaningful financial strength over the next several quarters, although its durability depends on the steel cycle and working-capital discipline.
Read all positive factors
Maanshan Iron & Steel Co (0323) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.76B
Dividend Yield1.64%
Average Volume (3M)3.41M
Price to Earnings (P/E)―
Beta (1Y)0.85
Revenue Growth0.33%
EPS Growth76.02%
CountryHK
Employees16,780
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)-0.06
Shares Outstanding1,732,930,000
10 Day Avg. Volume2,587,600
30 Day Avg. Volume3,410,002
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)0.72
Price to Sales (P/S)0.22
P/FCF Ratio7.99
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.05
Revenue Forecast (FY)HK$79.03B
Maanshan Iron & Steel Co Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
The company primarily makes money by manufacturing and selling steel products. Its main revenue stream is the sale of finished steel (e.g., rolled steel products), where earnings are driven by shipment volumes and realized selling prices relative ...
Maanshan Iron & Steel Co Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
45
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 73.92B | 77.52B | 81.82B | 98.94B | 102.15B | 113.85B |
| Gross Profit | 3.09B | 4.12B | -774.78M | 557.58M | 3.31B | 14.92B |
| EBITDA | 1.73B | 4.67B | 275.82M | 2.63B | 3.19B | 10.90B |
| Net Income | -466.26M | -203.40M | -4.66B | -1.33B | -819.85M | 5.33B |
Balance Sheet | ||||||
| Total Assets | 80.12B | 81.89B | 78.96B | 84.55B | 96.89B | 91.21B |
| Cash, Cash Equivalents and Short-Term Investments | 10.84B | 11.77B | 6.43B | 5.57B | 7.16B | 12.40B |
| Total Debt | 10.08B | 26.98B | 17.17B | 16.59B | 20.21B | 17.26B |
| Total Liabilities | 44.13B | 44.83B | 51.64B | 52.27B | 63.56B | 53.80B |
| Stockholders Equity | 23.85B | 24.04B | 23.26B | 27.77B | 29.19B | 32.75B |
Cash Flow | ||||||
| Free Cash Flow | 1.90B | 2.18B | -721.51M | -4.41B | -1.70B | 9.19B |
| Operating Cash Flow | 3.82B | 4.12B | 960.87M | 1.99B | 6.64B | 16.77B |
| Investing Cash Flow | -2.24B | 2.24B | -2.79B | -560.87M | -7.10B | -10.72B |
| Financing Cash Flow | -5.22B | -967.35M | 1.09B | -1.36B | 516.57M | -4.90B |
Maanshan Iron & Steel Co Technical Analysis
Negative
1.72
Price Trends
1.61
Negative
1.65
Negative
2.11
Negative
Market Momentum
-0.08
Positive
26.95
Positive
10.80
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0323, the sentiment is Negative. The current price of 1.72 is above the 20-day moving average (MA) of 1.44, above the 50-day MA of 1.61, and below the 200-day MA of 2.11, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 26.95 is Positive, neither overbought nor oversold. The STOCH value of 10.80 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0323.
Maanshan Iron & Steel Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | HK$616.00M | 5.56 | 7.76% | 7.57% | -35.49% | -32.38% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | HK$169.87M | 1.21 | 7.82% | 2.39% | -39.70% | -51.97% | |
52 Neutral | HK$1.01B | 29.47 | 1.78% | 4.01% | 12.73% | 69.04% | |
45 Neutral | HK$17.76B | -35.95 | -1.96% | 1.64% | 0.33% | 76.02% | |
44 Neutral | HK$12.61B | -3.67 | -18.85% | 6.49% | -6.57% | -6.67% | |
40 Underperform | HK$18.92B | -3.49 | -14.44% | 0.38% | -1.18% | -55.60% |
* Basic Materials Sector Average
HK:0323
Maanshan Iron & Steel Co
1.32
-1.23
-48.24%
HK:0347
Angang Steel Co
1.00
-1.03
-50.99%
HK:0103
Shougang Concord Century Holding Ltd.
1.95
-1.79
-47.87%
HK:1053
Chongqing Iron & Steel Co., Ltd. Class H
0.79
-0.57
-41.91%
HK:1553
Maike Tube Industry Holdings Limited
1.42
-0.03
-2.07%
HK:1938
Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Ltd.
0.17
-0.13
-44.00%
Maanshan Iron & Steel Co Corporate Events
Maanshan Iron & Steel Swings to Deeper Losses as Revenue Declines in Q3 2026
Oct 29, 2026
Maanshan Iron Steel reported a sharp deterioration in profitability for the third quarter of 2026, with quarterly revenue down 11.36% year on year to RMB 17.28 billion and a net loss attributable to shareholders of RMB 108 million. From the begin...
Maanshan Iron & Steel Reports Key Operating Data for First Three Quarters of 2026
Oct 29, 2026
Maanshan Iron Steel has reported its key operating data for the first three quarters of 2026, disclosing production and sales volumes along with average selling prices for major product lines. The company recorded strong alignment between product...
Maanshan Iron & Steel to Host Online Briefing on Third-Quarter 2026 Results
Oct 29, 2026
Maanshan Iron Steel has announced that it has released its third-quarter 2026 results on the Shanghai Stock Exchange’s website, covering its performance and operations for the first three quarters of the year. To deepen investors’ und...
Maanshan Iron & Steel Sets Board Meeting to Review Q3 2026 Results
Oct 12, 2026
Maanshan Iron Steel Company Limited has scheduled a meeting of its board of directors for 29 October 2026 in Maanshan City, Anhui Province. The board will consider and approve the unaudited third-quarter results for the period from 1 January 2026...
Maanshan Iron & Steel Clarifies Loss on Connected Equity Transfer Deal
Oct 12, 2026
Maanshan Iron Steel Company Limited has issued a supplemental announcement clarifying the financial impact of a connected transaction involving an equity transfer agreement. The company disclosed that completion of the transfer will result in a o...
Maanshan Iron & Steel Shareholders Approve All Resolutions at 2026 Extraordinary Meeting
Sep 29, 2026
Maanshan Iron Steel Company Limited convened its first extraordinary general meeting of 2026 in Maanshan City, Anhui Province, with shareholders of both A shares and H shares participating. The meeting followed PRC Company Law and the firm’...
Maanshan Iron & Steel Adds Veteran Executive as Employee Director to Eleventh Board
Sep 29, 2026
Maanshan Iron Steel Company Limited has elected Guo Fei as an employee director to the eleventh session of its board and confirmed that his appointment keeps the proportion of internal directors below half of the total, in line with Chinese compa...
Maanshan Iron & Steel Sets Out Board Line-Up and Governance Committees
Sep 29, 2026
Maanshan Iron Steel Company Limited has disclosed the current composition of its board of directors, led by executive director and chairman Jiang Yuxiang alongside fellow executive director Fu Ming, four independent non-executive directors and on...
Maanshan Iron & Steel Board Sets New Leadership and Committee Line-Up
Sep 29, 2026
Maanshan Iron Steel’s board held the first meeting of its eleventh session on 29 September 2026 at the Magang Office Building, with all seven eligible directors in attendance and the meeting confirmed as compliant with relevant laws and the...
Maanshan Iron & Steel Transfers 92% Stake in Subsidiary to Controlling Shareholder Magang Group
Sep 29, 2026
Maanshan Iron Steel Co has agreed to transfer its 92% equity interest in a subsidiary, referred to as the Target Company, to its controlling shareholder Magang Group for a consideration of RMB136,306,327.57, determined with reference to an indepe...
Maanshan Iron & Steel Calls 2026 Extraordinary Meeting to Shape New Board
Sep 11, 2026
Maanshan Iron Steel Company Limited has called its first extraordinary general meeting of 2026, to be held on 29 September in Maanshan City, Anhui Province. The meeting will focus on board composition and director remuneration, underscoring ongoi...
Maanshan Iron & Steel to Host Online Investor Q&A in Anhui Reception Event
Sep 11, 2026
Maanshan Iron Steel will take part in the 2026 Online Investors Collective Reception Day Event for Anhui listed companies, an initiative backed by regional securities and listed company associations to enhance engagement with the investment commu...
Maanshan Iron & Steel Moves to Elect New Board With Focus on Diversity and Technical Expertise
Sep 9, 2026
Maanshan Iron Steel has called a 2026 extraordinary general meeting to elect its eleventh session board, following the expiry and temporary extension of the tenth session’s term to maintain operational continuity. The company is proceeding ...
Maanshan Iron & Steel Board Clears New Director Nominations, Sends Pay Plan to Shareholders
Sep 9, 2026
Maanshan Iron Steel Company Limited has announced that its board of directors convened the 55th meeting of the tenth session on 9 September 2026, with all six eligible directors in attendance and the meeting held in compliance with relevant laws ...
Maanshan Iron & Steel Sets Book Closure and Date for Extraordinary General Meeting
Sep 9, 2026
Maanshan Iron Steel Company Limited has announced that it will convene an extraordinary general meeting on 29 September 2026, with the H-share register of members to be closed from 23 to 29 September 2026 to determine shareholders eligible to att...
Maanshan Iron & Steel Schedules Online Briefing on 2026 Interim Results
Sep 3, 2026
Maanshan Iron Steel Company Limited, a major Chinese steel producer listed in Hong Kong and Shanghai, has released its 2026 interim report on the Shanghai Stock Exchange. The company is inviting both domestic and overseas investors to engage thro...
Maanshan Iron & Steel Corrects Dividend Wording in 2026 Interim Results
Aug 31, 2026
Maanshan Iron Steel Company Limited has issued a clarification regarding its 2026 interim results announcement for the six months ended 30 June 2026. The correction addresses a clerical error in the notes to the financial statements, specifically...
Maanshan Iron & Steel Board Backs New General Manager and Major Provision Adjustments
Aug 28, 2026
Maanshan Iron Steel Company Limited, a major Chinese steel producer listed in Hong Kong, manufactures and sells raw materials, unfinished steel products and finished steel goods to domestic and overseas markets. Its operations are guided by a boa...
Maanshan Iron & Steel Posts Stable Mid-2026 Operating Volumes and Pricing
Aug 28, 2026
Maanshan Iron Steel Co has disclosed unaudited operating data for the first half of 2026, as required by the Hong Kong and Shanghai exchanges. The company reported production and sales volumes closely aligned across its main product lines, includ...
Maanshan Iron & Steel Posts Slight Asset Decline and Skips Interim Payout in 2026 Results
Aug 28, 2026
Maanshan Iron Steel released its unaudited 2026 interim results, emphasizing that the full report is available on the Shanghai and Hong Kong stock exchange websites and has been reviewed by the board’s audit and compliance committee. The bo...
Maanshan Iron & Steel Names Veteran Executive Fu Ming as General Manager
Aug 28, 2026
Maanshan Iron Steel has appointed veteran executive Fu Ming as its new general manager following board approval at its latest meeting. Fu, a 58-year-old senior engineer who joined the company in 1991, has risen through key production roles and ha...
Maanshan Iron & Steel Sets August Board Meeting to Approve Interim Results
Aug 5, 2026
Maanshan Iron Steel Company Limited has scheduled a board meeting for 28 August 2026 to review and approve the unaudited interim results of the company and its subsidiaries for the period from 1 January 2026 to 30 June 2026, prepared under PRC ac...
Maanshan Iron & Steel Restructures Environmental Assets via Connected Capital Increase
Jul 31, 2026
Maanshan Iron Steel’s subsidiary Magang Limited has joined 15 other shareholders of Baowu Water in contributing their combined 96.48% equity stake in Baowu Water into Baowu Environmental Technology as a capital increase valued at RMB3.48 bi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.