Maanshan Iron & Steel Company Limited logo

Maanshan Iron & Steel Company Limited

0323.HK

HKSEBasic MaterialsSteel

Latest quote

HK$1.72

+HK$0.01 · +0.58%

Aug 24, 4:08 PM HKT

0323.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

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.

Industry
Steel
Sector
Basic Materials
Headquarters
CN
CEO
Yuxiang Jiang
Listed since
Nov 3, 1993
Employees
16,780

Market position

Day range

Current HK$1.72

52-week range

Current HK$1.72

Open
HK$1.735
Previous close
HK$1.71
Volume
2.86M
0.36× average
Average volume
7.84M
Average daily volume
Market cap
22.17B HKD
Beta
0.91
Market reference 1
50-day average
HK$1.6942
+1.52% above average
200-day average
HK$2.3254
-26.03% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-879.31×
P/B (TTM)
0.82×
P/S (TTM)
0.26×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
4.95%
Operating margin
0.56%
Net margin
-0.03%

Financial health

Debt / equity
1.13×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends15%7%-0%-8%Gross margin, FY2021: 13.11%Gross margin, FY2022: 3.24%Gross margin, FY2023: 0.56%Gross margin, FY2024: -0.95%Gross margin, FY2025: 5.31%Operating margin, FY2021: 6.47%Operating margin, FY2022: 0.95%Operating margin, FY2023: -1.61%Operating margin, FY2024: -5.77%Operating margin, FY2025: 0.89%Net margin, FY2021: 4.68%Net margin, FY2022: -0.80%Net margin, FY2023: -1.34%Net margin, FY2024: -5.69%Net margin, FY2025: -0.26%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.11%. Gross margin FY2022 3.24%. Gross margin FY2023 0.56%. Gross margin FY2024 -0.95%. Gross margin FY2025 5.31%. Operating margin FY2021 6.47%. Operating margin FY2022 0.95%. Operating margin FY2023 -1.61%. Operating margin FY2024 -5.77%. Operating margin FY2025 0.89%. Net margin FY2021 4.68%. Net margin FY2022 -0.80%. Net margin FY2023 -1.34%. Net margin FY2024 -5.69%. Net margin FY2025 -0.26%.

Income trends

Revenue

77.52B HKD-5.25%

Operating income

689.93M HKD+5.41B HKD

Net income

−203.4M HKD+95.63%
Income trends across reported periods125.71B HKD78.28B HKD30.85B HKD−16.58B HKDRevenue, FY2021: 113.85B HKDRevenue, FY2022: 102.15B HKDRevenue, FY2023: 98.94B HKDRevenue, FY2024: 81.82B HKDRevenue, FY2025: 77.52B HKDOperating income, FY2021: 7.37B HKDOperating income, FY2022: 967.48M HKDOperating income, FY2023: −1.59B HKDOperating income, FY2024: −4.72B HKDOperating income, FY2025: 689.93M HKDNet income, FY2021: 5.33B HKDNet income, FY2022: −819.85M HKDNet income, FY2023: −1.33B HKDNet income, FY2024: −4.66B HKDNet income, FY2025: −203.4M HKDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 113.85B HKD. Revenue FY2022 102.15B HKD. Revenue FY2023 98.94B HKD. Revenue FY2024 81.82B HKD. Revenue FY2025 77.52B HKD. Operating income FY2021 7.37B HKD. Operating income FY2022 967.48M HKD. Operating income FY2023 −1.59B HKD. Operating income FY2024 −4.72B HKD. Operating income FY2025 689.93M HKD. Net income FY2021 5.33B HKD. Net income FY2022 −819.85M HKD. Net income FY2023 −1.33B HKD. Net income FY2024 −4.66B HKD. Net income FY2025 −203.4M HKD.
Metric (HKD)FY2025FY2024FY2023FY2022FY2021
Revenue77.52B HKD81.82B HKD98.94B HKD102.15B HKD113.85B HKD
Cost of goods sold73.41B HKD82.59B HKD98.38B HKD98.85B HKD98.93B HKD
Gross profit4.12B HKD−774.78M HKD557.58M HKD3.31B HKD14.92B HKD
Research and development1.06B HKD1.1B HKD1.23B HKD1.17B HKD4.51B HKD
Selling, general, and administrative453.37M HKD1.18B HKD545.76M HKD1.56B HKD988.94M HKD
Operating expenses2.51B HKD3.95B HKD2.15B HKD3.03B HKD6.73B HKD
Interest income106.2M HKD99.42M HKD45.86M HKD30.36M HKD29.64M HKD
Interest expense469.49M HKD593.92M HKD506.68M HKD472.86M HKD653.6M HKD
Depreciation and amortization3.98B HKD4.51B HKD3.81B HKD3.28B HKD3.23B HKD
Operating income689.93M HKD−4.72B HKD−1.59B HKD967.48M HKD7.37B HKD
Net income−203.4M HKD−4.66B HKD−1.33B HKD−819.85M HKD5.33B HKD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
70%
7 beats, 2 misses, 1 met estimate
Average EPS surprise
-62.36%
10 comparable reports
Latest EPS result
0.01
Estimate -0.04 · Beat by 129.72%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.10.01-0.08-0.17Q1 '25BeatQ2 '25BeatQ3 '25MetQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Mar 28, 2025: actual -0.131, estimate -0.131, surprise +0.09%, Beat. Q2 2025, reported Apr 29, 2025: actual -0.021, estimate -0.086, surprise +75.06%, Beat. Q3 2025, reported Aug 27, 2025: actual 0.003, estimate 0.003, surprise 0.00%, Met estimate. Q4 2025, reported Oct 30, 2025: actual 0.022, estimate -0.03, surprise +172.25%, Beat. Q1 2026, reported Mar 25, 2026: actual -0.042, estimate -0.093, surprise +54.39%, Beat. Q2 2026, reported Apr 24, 2026: actual 0.011, estimate -0.038, surprise +129.72%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 0.011, surprise —, Comparison unavailable. Q3 2026, reported Sep 2, 2026: actual —, estimate 0.058, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates25.08B22.59B20.11B17.62BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26EstimateQ3 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 21.61B HKD, estimate 21.68B HKD, surprise -0.34%, Miss. Q2 2025, reported Apr 29, 2025: actual 20.73B HKD, estimate 19.34B HKD, surprise +7.16%, Beat. Q3 2025, reported Aug 27, 2025: actual 20.82B HKD, estimate 22.32B HKD, surprise -6.74%, Miss. Q4 2025, reported Oct 30, 2025: actual 21.32B HKD, estimate 22.41B HKD, surprise -4.89%, Miss. Q1 2026, reported Mar 25, 2026: actual 22.21B HKD, estimate 18.64B HKD, surprise +19.14%, Beat. Q2 2026, reported Apr 24, 2026: actual 20.14B HKD, estimate 18.58B HKD, surprise +8.35%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 24.11B HKD, surprise —, Comparison unavailable. Q3 2026, reported Sep 2, 2026: actual —, estimate 22.3B HKD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

HK$0.022

2023 complete year-93.8% since 2019

Corporate action history

Dividend

Ex-dividend Jun 21, 2023

HK$0.022

Annual

Record Jun 23, 2023 · Payment Jul 14, 2023

Dividend

Ex-dividend Jun 27, 2022

HK$0.4099

Annual

Record Jun 28, 2022 · Payment Jul 21, 2022

Dividend

Ex-dividend Jul 5, 2021

HK$0.1561

Annual

Record Jul 6, 2021 · Payment Jul 29, 2021

Dividend

Ex-dividend Jul 2, 2020

HK$0.0876

Annual

Record Jul 3, 2020 · Payment Jul 29, 2020

Dividend

Ex-dividend Jun 17, 2019

HK$0.3528

Semi-Annual

Record Jun 19, 2019 · Payment Jul 12, 2019

Dividend

Ex-dividend Nov 26, 2018

HK$0.0565

Irregular

Record Nov 27, 2018 · Payment Dec 21, 2018

0323.HK peers

ETFs holding 0323.HK

Funds reporting this stock among their holdings, ordered by reported position size.

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