Chongqing Iron & Steel Co., Ltd. Class H (HK:1053) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Chongqing Iron & Steel Co., Ltd. has reported a decrease in total assets by 2.3% and net assets by 3.78% at the end of the first half of 2024 compared to last year. The company experienced a significant drop in operating income by 28.14% and reported a negative net profit, with an increased net cash flow from operating activities by 98.48%. Production and sales volumes of major products like plate, hot rolling, and wire rods, along with their average selling prices, were also disclosed.
For further insights into HK:1053 stock, check out TipRanks’ Stock Analysis page.
