Maanshan Iron & Steel Company Limited (HKG:0323)

Hong Kong · Delayed Price · Currency is HKD

1.760

-0.015 (-0.85%)

Sep 11, 2026, 4:08 PM HKT

HKG:0323 Financials Overview

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	76,674	77,525	81,817	98,938	102,154	113,851
Revenue Growth	-0.27%	-5.25%	-17.30%	-3.15%	-10.27%	39.50%
Gross Profit	3,218	3,259	-1,688	557.58	1,705	10,144
Operating Income	752.29	784.34	-3,890	-1,684	-1,043	7,070
Net Income	-203.92	-208.81	-4,659	-1,327	-885.35	5,332
Earnings Per Share	-0.03	-0.03	-0.60	-0.17	-0.11	0.69
EPS Growth	-	-	-	-	-	168.93%

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Mainland China	72,327	76,285	95,382	94,516	106,256
Overseas and Hong Kong	5,198	5,532	3,556	4,505	4,794
Total	77,525	81,817	98,938	99,020	111,050

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	12,938	11,770	6,434	5,570	16,045	15,472
Total Debt	11,575	16,517	21,617	20,827	20,205	17,260
Net Cash (Debt)	1,363	-4,748	-15,183	-15,257	-4,161	-1,788
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.18	-0.61	-1.97	-1.98	-0.54	-0.23

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	6,927	4,152	960.87	1,992	6,642	16,774
Capital Expenditures	-1,552	-1,990	-1,682	-6,399	-8,342	-7,586
Free Cash Flow	5,374	2,162	-721.51	-4,407	-1,700	9,188
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	4.20%	4.20%	-2.06%	0.56%	1.67%	8.91%
Operating Margin	0.98%	1.01%	-4.75%	-1.70%	-1.02%	6.21%
Pretax Margin	0.19%	0.18%	-5.90%	-1.61%	-0.55%	6.16%
Profit Margin	-0.27%	-0.27%	-5.70%	-1.34%	-0.87%	4.68%
FCF Margin	7.01%	2.79%	-0.88%	-4.46%	-1.67%	8.07%

Dividends

Fiscal Year	FY 2022	FY 2021
Period Ending	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.020	0.350
Dividend Per Share Growth	-94.29%	169.23%
Dividend Yield	1.26%	17.74%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 13, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	-	-	4.89
Forward PE	10.78	13.52	60.98	55.82	2.33	3.53
P/FCF Ratio	3.38	13.46	-	-	-	2.84
PS Ratio	0.24	0.38	0.26	0.19	0.19	0.23