---
title: "Angang Steel’s First-Quarter Loss Widens as Revenue Falls"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284602426.md"
description: "Angang Steel Co (HK:0347) reported a significant widening of its first-quarter 2026 net loss to RMB 1.46 billion, with operating income falling 12.19% to RMB 22.02 billion due to market pressures. Despite a 22.57% increase in net cash flows from operating activities, the company's profitability deteriorated, reflected in a negative earnings per share of RMB 0.156. Management confirmed the unaudited results, which lack non-standard auditor opinions. Analysts currently rate the stock as a Sell with a price target of HK$1.20, raising concerns about Angang Steel's financial performance in a challenging steel market."
datetime: "2026-04-29T14:56:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284602426.md)
  - [en](https://longbridge.com/en/news/284602426.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284602426.md)
---

# Angang Steel’s First-Quarter Loss Widens as Revenue Falls

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Angang Steel Co ( (HK:0347) ) has shared an announcement.

Angang Steel reported unaudited first-quarter 2026 results showing operating income of RMB 22.02 billion, down 12.19% from a year earlier, as market pressures weighed on revenue. The company’s net loss attributable to shareholders widened sharply to RMB 1.46 billion, with basic and diluted earnings per share falling to a negative RMB 0.156 and weighted average return on net assets dropping to -3.38%, underscoring deteriorating profitability despite a 22.57% improvement in net cash flows from operating activities.

Management affirmed the truthfulness and completeness of the quarterly figures, noting that the report is unaudited but free of non-standard auditor opinions. The deepening losses and weaker margins highlight ongoing operational challenges for Angang Steel and may heighten concern among investors and other stakeholders about the company’s short-term financial performance and competitive position in a difficult steel market environment.

The most recent analyst rating on (HK:0347) stock is a Sell with a HK$1.20 price target. To see the full list of analyst forecasts on Angang Steel Co stock, see the HK:0347 Stock Forecast page.

**More about Angang Steel Co**

Angang Steel Company Limited is a Chinese steel producer listed in Hong Kong and Shenzhen, operating in the iron and steel industry. The company manufactures and sells a wide range of steel products and is subject to Chinese Accounting Standards and Hong Kong and Shenzhen stock exchange disclosure rules.

**Average Trading Volume:** 15,300,325

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** HK$22.76B

Find detailed analytics on 0347 stock on TipRanks’ Stock Analysis page.

### Related Stocks

- [00347.HK](https://longbridge.com/en/quote/00347.HK.md)
- [000898.CN](https://longbridge.com/en/quote/000898.CN.md)
- [515210.CN](https://longbridge.com/en/quote/515210.CN.md)

## Related News & Research

- [Angang Steel Sets Board Meeting to Approve First-Quarter 2026 Results](https://longbridge.com/en/news/282746728.md)
- [Is Wall Street Bullish or Bearish on Steel Dynamics Stock?](https://longbridge.com/en/news/287096852.md)
- [Key facts: Tata Steel strong Q4; Netherlands unit EBITDA-positive](https://longbridge.com/en/news/286842740.md)
- [China tightens steel capacity rules as Thyssenkrupp exits US plant](https://longbridge.com/en/news/286786661.md)
- [BYD is struggling to meet demand for new fast-charging EVs as orders reach 100K, 60K](https://longbridge.com/en/news/287109883.md)