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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
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Baoshan Iron & Steel
Baoshan Iron & Steel (600019) investor relations material
Baoshan Iron & Steel Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
Q3 total profit was RMB 2.82bn, up RMB 0.07bn QoQ but down 30.44% YoY; 9M total profit reached RMB 8.61bn, the highest in China’s steel industry.
9M output was 36.61m tonnes of pig iron, 38.63m tonnes of crude steel and 39.15m tonnes of commercial billets; Q3 commercial billet sales were 13.47m tonnes.
Financial highlights
Q3 revenue was RMB 84.92bn, up 4.75% YoY; 9M revenue was RMB 245.65bn, up 5.68%.
Q3 attributable net income was RMB 2.17bn, down 29.67% YoY; excluding non-recurring items, net income was RMB 1.96bn, down 40.50%.
9M attributable net income was RMB 6.74bn, down 15.33% YoY; adjusted for non-recurring items, it was RMB 6.49bn, down 19.20%.
9M operating cash flow was RMB 20.83bn, down 32.47% YoY, reflecting lower net income, reduced operating payables contribution and higher inventory use.
Outlook and guidance
Strategic priorities include shifting toward system-level differentiation, technology and cost leadership, integrated production-sales-research operations, and customer-focused differentiated services.
Cost programs focus on hot metal, logistics, energy and quality; product mix, export orders, AI deployment and low-carbon steel processes remain execution priorities.
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Latest events from Baoshan Iron & Steel
- Revenue up 6.2% but net profit down 6.3% as margins compressed by higher costs.600019
H1 2026 - Revenue up 5.7% but net profit down 8.6% as margins narrowed and costs rose.600019Q1 2026
- Net profit surged 40.5% to RMB 10.35 billion, with higher margins and robust cash flow.600019H2 2025
- 2024 profit fell 38% on lower sales, but green and digital transformation accelerated.600019H2 2024
- Q3 profit surged 130% year-over-year, driven by innovation, exports, and robust cash flow.600019Q3 2025
- Net profit rose 26.4% despite a 9.8% revenue drop, with improved margins and strong cost control.600019Q1 2025
- Net profit rose 7.4% year-over-year on improved margins and robust cash flow, with a 52.6% payout.600019H1 2025
- Q3 net profit fell 64.8% year-over-year as steel prices dropped, but Baosteel led the industry.600019Q3 2024
- Adjusted net profit up 12.8% on cost cuts and product mix, despite lower revenue.600019H1 2024
Next Baoshan Iron & Steel earnings date
H2 202628 Apr, 2027
Baoshan Iron & Steel
Next Baoshan Iron & Steel earnings date
H2 202628 Apr, 2027
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Frequently asked questions
Baoshan Iron & Steel Co., Ltd. (Baosteel) is a China-based company engaged in the production and sale of steel products. The company’s product portfolio includes high-quality carbon steel, stainless steel, and special steel, catering to industries such as automotive, construction, energy, and appliances. The company is headquartered in Shanghai, China, and its shares are listed on the Shanghai Stock Exchange.