Fangda Special Steel Technology (600507) investor relations material

Executive summary

• Q3 revenue was RMB 4.184bn; attributable net loss was RMB 62.6m, compared with a profit in the prior-year quarter. Higher raw-material prices, lower fair-value gains and weaker equity-method investment income weighed on results.

• 9M revenue was RMB 12.217bn and attributable net income was RMB 145.8m, down 7.68% and 81.52% YoY, respectively.

Financial highlights

• Q3 total profit was a loss of RMB 80.4m; attributable net loss was RMB 62.6m and adjusted attributable net loss was RMB 61.0m.

• 9M operating profit was RMB 211.4m versus RMB 1.015bn a year earlier; total profit was RMB 190.4m versus RMB 1.016bn.

• 9M consolidated net income was RMB 146.6m versus RMB 790.6m; attributable EPS was RMB 0.06 versus RMB 0.34.

• 9M adjusted attributable net income was RMB 178.2m, down 72.78% YoY; Q3 adjusted attributable net loss was RMB 61.0m, down 120.25% YoY.

Key financial ratios and metrics

• Q3 weighted-average ROE was -0.63%, down 4.53 percentage points YoY; 9M ROE was 1.46%, down 6.71 percentage points.

• Q3 basic and diluted EPS were both -RMB 0.03; 9M basic and diluted EPS were both RMB 0.06, down 81.52% YoY.

• At Sept. 30, total assets were RMB 24.883bn and parent shareholders’ equity was RMB 9.848bn, versus RMB 19.490bn and RMB 10.153bn at year-end 2025.