Steel

Maanshan Iron & Steel Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Maanshan Iron & Steel (HKG:323) Full Year 2023 Results

Key Financial Results

  • Revenue: CN¥98.9b (down 3.1% from FY 2022).
  • Net loss: CN¥1.33b (loss widened by 50% from FY 2022).
  • CN¥0.17 loss per share (further deteriorated from CN¥0.12 loss in FY 2022).
earnings-and-revenue-growth
SEHK:323 Earnings and Revenue Growth April 1st 2024

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

Maanshan Iron & Steel Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 1.2%.

Looking ahead, revenue is expected to decline by 3.8% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Hong Kong are expected to grow by 6.5%.

Performance of the Hong Kong Metals and Mining industry.

The company’s shares are down 1.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company’s balance sheet. We’ve done some analysis and you can see our take on Maanshan Iron & Steel’s balance sheet.

Valuation is complex, but we’re helping make it simple.

Find out whether Maanshan Iron & Steel is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.


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