Despite modest CEO remuneration, Maanshan Iron & Steel's performance has been sub-optimal, leading to a total shareholder loss of 10% per year over five years due to lack of profit and disappointing revenue growth.

The company's financial health is concerning due to significant liabilities and EBIT loss over the last year. A major recapitalization may be needed if creditors demand repayment. The stock is deemed risky due to these factors.