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MAANSHAN IRON
00323.HK
Maanshan Iron & Steel Company Limited, together with its subsidiaries, manufactures and sells iron and steel products, and related by-products in Mainland China, Hong Kong, and internationally. It provides steel plates, including hot and cold-rolled thin plates, galvanized plates, coil-coating plates, and medium plates; section steel products, such as H-shaped steel and medium-shaped steel; high-speed wire rod and hot-rolled reinforcing steel products; and train wheels and wheel rims. The company also engages in the production and distribution of ferrous metallurgy, screw threaded steels, round and section steels, angle and deformed steels, wires, and rods; sale, import, and export of iron ore, iron ore fines, and scrap steel; metallurgy and extended processing of iron and steel products. In addition, it is involved in production and sale of coke, ammonium sulfate, and coal coke chemical products; production and distribution of metallic products; design, research and development, manufacture, maintenance, and sale of rail wheels, axles, wheel sets, bogies, and other rail equipment.
110.27 B
00323.HKMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
D
SteelIndustry
Industry Ranking17/24
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreD
    • ROE-8.28%D
    • Profit Margin-2.62%D
    • Gross Margin7.37%E
  • Growth ScoreD
    • Revenue YoY-10.93%D
    • Net Profit YoY10.79%C
    • Total Assets YoY0.81%C
    • Net Assets YoY9.66%B
  • Cash ScoreE
    • Cash Flow Margin-3816.21%E
    • OCF YoY-10.93%D
  • Operating ScoreA
    • Turnover0.95A
  • Debt ScoreD
    • Gearing Ratio60.56%D

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Institutional View & Shareholder

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    News
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    Maanshan Iron & Steel Company Limited Announces Date for Extraordinary General Meeting

    Maanshan Iron & Steel Company Limited will hold its 2025 third extraordinary general meeting on December 24, 2025, in Maanshan City, China. Shareholders will vote on amendments to the Articles of Association, including changes to the Order of Meeting for Shareholders’ and Board of Directors, and the abolition of the Order of Meeting for the Supervisory Committee.

    Reuters·
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    Reuters·
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    Maanshan Iron & Steel Delays Board Re-Election and Plans to Abolish Supervisory Committee

    Maanshan Iron & Steel Company Limited has delayed the re-election of its Board of Directors and plans to abolish its Supervisory Committee, transferring its duties to the Audit and Compliance Management Committee. Current board members and senior management will remain in their roles during the reorganization. These changes will not disrupt operations or extend independent directors' term limits.

    Reuters·
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    Reuters·
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    UBS downgraded MAS C.L. to "Sell" with a focus on the business outlook for the fourth quarter

    UBS downgraded MAS C.L. to "Sell," despite the company turning a profit in the first three quarters, with a net profit of RMB 84 million. UBS is concerned about the unfavorable business outlook for the fourth quarter due to early demand and winter sales restrictions, expecting the gross profit per ton of steel to drop to RMB 80. The target price has been raised to RMB 2.35, with the current price-to-book ratio at 0.8 times, higher than the five-year average

    AASTOCKS·
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    AASTOCKS·
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    Morning Trend | Maanshan Iron continues to rise at a low level, how far can the short-term rebound supported by infrastructure go?

    MaanShan Iron & Steel Company (323.HK) has recently shown a low-level consecutive rise in its stock price, gradually increasing from a stage bottom. The daily MACD has formed a golden cross, indicating a progressive bullish logic in the short term. On the market, it has continuously crossed above the 5-day and 10-day moving averages, showing a clear bullish structure. Short-term funds are accelerating inflow, mainly benefiting from the continued strengthening of national infrastructure support policies, combined with an improving steel supply-demand pattern and a continuous decline in inventory. Recently, the upstream iron ore futures prices have remained high, supporting steel costs, while large downstream projects are intensively starting, boosting steel companies' shipment volumes, making the domestic cyclical sector overall active. In addition, the overall valuation of the Hong Kong stock steel sector is relatively low, and MaanShan, as a leading state-owned enterprise listed in both A and H shares, benefits from the industry's beta market and the theme of state-owned enterprise reform. From a technical perspective, the golden cross of the 5-day and 10-day moving averages resonates, with bottom support gradually rising. If today's trading volume can continue to expand and stabilize above the moving average platform, the short-term target may look towards the pressure area above HKD 1.9. If the volume is insufficient or there is a phase of selling pressure at high levels, a pullback to the support at HKD 1.7 cannot be ruled out for consolidation. Observing the intraday trading volume and fund movements is beneficial for capturing turning points in real time. It is worth noting that short-term rebounds are mostly led by speculative funds and left-side bottom-fishing capital, and the elasticity of cyclical stocks is significantly affected by the rhythm of infrastructure investment and cost disturbances. Once macro commodity prices adjust or high-frequency signals from the policy side reverse, the steel sector as a whole may face rapid withdrawal risks. In terms of operation, the focus should be on participating in the trend in the short term, and small positions can be followed on the right side when bullish confirmation and volume support are present

    Technical Forecast·
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    Technical Forecast·
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    Morning Trend | Maanshan Iron and Steel breaks out and rises, will there be a battle for high-level chips?

    MaanShan Iron & Steel Company (323.HK) has recently shown outstanding performance in the market, with its stock price breaking through the consolidation platform and exhibiting strong upward momentum, indicating a clear tilt of capital towards the stock. The daily MACD has formed a golden cross, and the K-line has large real bodies with consecutive bullish closes, showing a concentrated outbreak of short-term bullish momentum. The fundamentals of the steel market are improving overall due to macro policy support and adjustments in the inventory cycle of the industrial chain, leading to a price recovery and enhanced profitability in the industry. As a leading player in its segment, the company benefits from industry recovery and structural adjustments, with downstream demand replenishment improving profitability. From the perspective of chip distribution, the previous high-density chip area combined with new capital entering the market makes it easy to form a phase of speculative trading, intensifying competition at high levels; if it can break through the concentrated area of main chips with volume, it will drive a second wave of upward momentum. In terms of risks, after a rapid rise, if the overall market experiences a pullback or sector rotation cools down, it may trigger a short-term adjustment. Current support levels to focus on are the 5-day and 10-day moving averages and the previous breakout area; if it pulls back without breaking these levels, the market outlook remains bullish. In terms of strategy, aggressive investors may pay attention to the intraday volume-price coordination and unusual movements of main funds, and appropriately engage in high selling and low buying to respond to differentiation. Overall, Maanshan Iron & Steel has a clear short-term bullish advantage, and the chip game may lead to increased volatility, so attention should be paid to fast-paced operations and risk prevention

    Technical Forecast·
    SH
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    Technical Forecast·
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