Chongqing Iron & Steel Company (1053) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 6.61 billion, down 14.51% year-over-year, with a net loss of RMB 117 million, significantly reduced from a RMB 334 million loss in Q1 2024.

• Loss reduction attributed to improved production efficiency, cost control, and strategic market adjustments, resulting in a turnaround to profit in March 2025.

Financial highlights

• Net profit attributable to shareholders was RMB -117 million, compared to RMB -334 million in Q1 2024.

• Basic and diluted EPS both improved to -0.01 from -0.04 year-over-year.

• Net cash flow from operating activities was RMB 409 million, a significant improvement from RMB -833 million in Q1 2024.

• Total assets stood at RMB 35.38 billion, slightly down from RMB 35.48 billion at year-end 2024.

Outlook and guidance

• Management expects continued focus on lean operations, cost reduction, and market-driven strategies to mitigate market pressures.