Maanshan Iron & Steel Company Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 24,936.53 million compared to CNY 22,944.32 million a year ago. Net income was CNY 637.66 million compared to net loss of CNY 763.12 million a year ago. Basic earnings per share from continuing operations was CNY 8.17 compared to basic loss per share from continuing operations of CNY 9.9 a year ago. Diluted earnings per share from continuing operations was CNY 8.17 compared to diluted loss per share from continuing operations of CNY 9.9 a year ago.
For the nine months, sales was CNY 73,916.98 million compared to CNY 79,311.21 million a year ago. Net loss was CNY 1,597.84 million compared to net income of CNY 664.45 million a year ago. Basic loss per share from continuing operations was CNY 20.75 compared to basic earnings per share from continuing operations of CNY 8.63 a year ago. Diluted loss per share from continuing operations was CNY 20.75 compared to diluted earnings per share from continuing operations of CNY 8.63 a year ago.