Angang Steel Co., Ltd. (00347) announced results for the first quarter of 2024, with revenue of 27.343 billion yuan, year-on-year...
According to the Zhitong Finance App, Angang Steel Co., Ltd. (00347) announced results for the first quarter of 2024. Operating revenue was 27.343 billion yuan, a year-on-year decrease of 11.35%; net loss attributable to shareholders of listed companies was about 1,657 billion yuan, an increase of 10.12 times over the previous year; and a basic loss of 0.177 yuan per share.
According to the announcement, the main reason for the increase in losses was the year-on-year decline in steel sales prices due to the downward trend in the steel market.