Maanshan Iron & Steel Expects Reduced Loss but Remains Unprofitable in 2025
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Maanshan Iron & Steel Company Limited expects a reduced loss for the year ending December 31, 2025, with a net loss narrowing to approximately RMB4,469 million, down from RMB4,409 million the previous year. Despite improvements in operational efficiency and product mix, the company remains unprofitable due to market fluctuations and weaker subsidiary performance. Non-recurring net gains of RMB22 million were reported, primarily from asset disposals and government grants. This information was published via the Hong Kong Stock Exchange.
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