Maanshan Iron & Steel Co ( (HK:0323) ) has shared an announcement.
Maanshan Iron & Steel Co., Ltd. announced that due to a negative net profit of RMB-4,148,676,248 for 2024, no profit distribution or capitalization of capital reserve will be made for the year. This decision, aimed at supporting the company’s future development and long-term shareholder interests, has been approved by the board of directors and awaits consideration at the annual general meeting. The plan is not expected to materially impact the company’s cash flow, production, or operations.
More about Maanshan Iron & Steel Co
Maanshan Iron & Steel Co., Ltd., incorporated in the People’s Republic of China, is a key player in the steel industry, focusing on the production and distribution of iron and steel products. The company is listed on the Hong Kong Stock Exchange and primarily serves the domestic and international markets with a range of steel products.
YTD Price Performance: 13.16%
Average Trading Volume: 9,300
Technical Sentiment Signal: Sell
Current Market Cap: $3.13B
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