Angang Steel Narrows Q1 Loss, Revenue Declines 10%

MT Newswires Live

2025/05/01

Angang Steel (SHE:000898) posted first-quarter net loss attributable to shareholders of 554 million yuan, narrowing 67% from a loss of 1.66 billion yuan the previous year.

Loss per share moderated to 0.059 yuan from 0.177 yuan, according to a filing with the Shenzhen bourse.

The steel producer's revenue declined 9.9% year over year to 25.1 billion yuan from 27.8 billion yuan.

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