Shandong Iron & Steel (600022) investor relations material

Executive summary

• Q3 revenue rose 4.99% YoY to RMB 17,363,847,991.99, but the quarter swung to losses, with attributable net loss of RMB 146,037,318.21.

• For 9M, revenue declined 3.96% YoY to RMB 49,169,071,765.56; attributable net loss was RMB 175,632,986.36 versus net income of RMB 135,823,810.53 in the prior-year period.

Financial highlights

• Q3 total profit was a loss of RMB 13,522,460.67 versus profit of RMB 383,072,797.85 YoY; attributable net loss was RMB 146,037,318.21 versus net income of RMB 170,355,853.77.

• Q3 attributable net loss excluding non-recurring items was RMB 183,168,809.25 versus net income of RMB 119,008,958.59 YoY.

• 9M total profit fell 68.25% YoY to RMB 199,580,307.27; attributable net loss excluding non-recurring items was RMB 341,712,833.37 versus net income of RMB 137,516,969.52.

• 9M operating revenue was RMB 49,169,071,765.56 and operating costs were RMB 49,065,445,641.16; net income was RMB 113,127,203.17, including minority profit of RMB 288,760,189.53.

• Non-recurring gains were RMB 37,131,491.04 in Q3 and RMB 166,079,847.01 for 9M, including gains related to the disposal of a 32.8649% stake in Shanding Yunk Information Technology.

Key financial ratios and metrics

• Basic and diluted EPS were both -RMB 0.0138 in Q3 versus RMB 0.0161 YoY; 9M EPS was -RMB 0.0167 versus RMB 0.0129.

• Weighted average return on equity was -0.77% in Q3 versus 0.89% YoY, and -0.93% for 9M versus 0.69% in the prior-year period.

• At 30 September, total assets were RMB 80,879,565,949.15 and parent equity was RMB 18,843,378,049.03, down 0.39% and 0.86%, respectively, from year-end 2025.