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Shandong Iron & Steel (600022) investor relations material
Shandong Iron & Steel Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 was RMB 31.81 billion, down 8.22% year-over-year; net loss attributable to shareholders was RMB -29.60 million, a narrowed loss compared to H1 2025.
Operating cash flow was RMB 1.10 billion, a significant decrease from RMB 3.04 billion in H1 2025.
The company continued to optimize product mix, with high-end and export products offsetting industry headwinds.
Financial highlights
Gross margin remained under pressure due to rising raw material costs and weak demand.
Total assets at period-end were RMB 80.66 billion, with a debt-to-asset ratio of 64.36%, down 0.36 percentage points from year-end 2025.
Non-recurring gains (mainly asset disposals and government subsidies) totaled RMB 128.95 million.
Basic and diluted EPS were both -0.0028 yuan, improved from -0.0033 yuan in H1 2025.
Outlook and guidance
The company will continue to focus on cost reduction, efficiency improvement, and high-end product development.
Management expects ongoing industry challenges due to macroeconomic and policy risks, but aims to leverage green and digital transformation for long-term growth.
- Achieved a turnaround to profit in 2025, driven by cost control and structural optimization.600022
Q4 2025 - Q1 revenue dropped 18.6% and net loss widened on weak demand and rising costs.600022
Q1 2026 - Revenue dropped 9.26% and net loss widened to ¥2.26 billion amid industry headwinds.600022
Q4 2024 - Net profit rebounded to ¥139.81 million as cost controls and efficiency drove margin gains.600022
Q3 2025 - Returned to profitability in H1 2025 with improved cash flow despite lower revenue.600022
Q2 2025 - Net loss of RMB 968 million on RMB 45.21 billion revenue, with sequential margin improvement.600022
Q2 2024 - Net loss of RMB 1.45 billion on falling revenue amid steel market downturn; cash flow improved.600022
Q3 2024 - Net profit rebounded to RMB 107.72 million as cost controls offset a 15.66% revenue drop.600022
Q1 2025
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