China Steel (2002) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was NT$83.17 billion, down 11% year-over-year, with net profit at NT$813.8 million, a 28% decrease from Q1 2024.

• Gross profit margin improved to 5.5% from 4.4% year-over-year, despite lower sales.

• Total assets stood at NT$697.2 billion and total equity at NT$343.4 billion as of March 31, 2025.

• The financial statements received an unqualified review from independent auditors.

Financial highlights

• Operating income for Q1 2025 was NT$1.37 billion, up 78% year-over-year.

• Net profit attributable to owners was NT$243.2 million, with EPS at NT$0.02, down from NT$0.04 in Q1 2024.

• Operating costs decreased 12% year-over-year, reflecting cost control and inventory reversals.

• Cash and cash equivalents at quarter-end were NT$17.9 billion.

• Net cash from operating activities was NT$6.84 billion, up from NT$3.35 billion in Q1 2024.

Outlook and guidance

• The company continues to monitor global steel demand and raw material prices, focusing on cost efficiency and risk management.

• New IFRS standards will be adopted in 2026, with ongoing assessment of their impact.