UBS Reaffirms Their Hold Rating on Angang Steel Co (ANGGF)

UBS has maintained a Hold rating on Angang Steel Co with a price target of HK$2.45. The company's shares closed at HK$2.08. Another report from November 14 also reiterated a Hold rating with a HK$2.50 price target. The analyst consensus rating is Moderate Buy with a $0.30 average price target, implying an -85.58% downside.

ANSTEEL: 9-month revenue of 73.09 billion yuan

ANSTEEL announced its performance for the first three quarters, with a net loss attributable to shareholders of RMB 2.04 billion, a year-on-year narrowing of 59.87%

ANGANG STEEL announced its performance for the first three quarters of 2025, with operating revenue of 73.092 billion yuan, a year-on-year decrease of 7.78%; net loss attributable to shareholders of the parent company was 2.04 billion yuan, a year-on-year narrowing of 59.87%; basic loss per share was 0.218 yuan. The main reasons for the reduction in losses include the company's proactive response to market pressures, improvement in operational efficiency, strengthening of core technologies, and the effectiveness of measures such as market expansion and transformation upgrades

Angang Steel Co Reports Strong Market Expansion and Cost Reduction in Q3 2025

Angang Steel Co (HK:0347) reported strong market expansion and cost reduction in its Q3 2025 report. The company exceeded premium product sales targets, launched new products, and achieved significant growth in new energy vehicle silicon steel and automotive steel sales. Internationally, it exported 60-meter-long rails and improved customer service. Cost reduction measures led to a 9.18% decrease in logistics costs and a RMB90 reduction in steel production costs. The latest analyst rating for HK:0347 is a Hold with a price target of HK$2.00.

ANSTEEL Files Director List with HKEX

Angang Steel Company Limited (ANSTEEL) has submitted an updated Board of Directors list to the Hong Kong Stock Exchange (HKEX). The Board includes Executive Directors Wang Jun (Chairman), Tian Yong, and Li Jingdong; Non-executive Director Tan Yuhai; Independent Non-executive Directors Wang Wanglin, Zhu Keshi, Hu Caimei, and Liu Chaojian; and Employee Director Zhao Zhongmin. Key committee roles are outlined, with Wang Jun leading the Strategic Committee and Zhu Keshi chairing the Audit and Risk Committee.