Chongqing Iron & Steel (SEHK:1053) Stock Faces Deepening Losses After Q3 Results
Chongqing Iron & Steel just reported Q3 2026 numbers and the headline is simple. Revenue held at C¥5,785.3m while the business stayed in the red with a net loss of C¥125.3m and a basic loss per share of C¥0.01. The stock came into the release under pressure, down about 10% over the past month and 13% over the past quarter, and closed today at HK$0.79. That recent slide already reflects a market bracing for pain, yet the figures show more of a grinding margin squeeze rather than a fresh...
Chongqing Iron & Steel just reported Q3 2026 numbers and the headline is simple. Revenue held at C¥5,785.3m while the business stayed in the red with a net loss of C¥125.3m and a basic loss per share of C¥0.01. The stock came into the release under pressure, down about 10% over the past month and 13% over the past quarter, and closed today at HK$0.79. That recent slide already reflects a market bracing for pain, yet the figures show more of a grinding margin squeeze rather than a fresh...
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