Chongqing Iron & Steel Company (1053) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was RMB5.785bn, down 3.68% YoY; net loss attributable to shareholders was RMB125.3m, with adjusted net loss of RMB128.4m.

• 9M 2026 revenue fell 7.75% YoY to RMB17.611bn; net loss was RMB304.2m versus RMB218.3m in 9M 2025.

• Lower commodity billet selling prices and higher raw-material procurement costs contributed to increased losses.

Financial highlights

• 9M operating income was RMB17.611bn versus RMB19.091bn YoY; operating costs were RMB18.063bn versus RMB19.352bn.

• 9M net loss after deducting non-recurring profit or loss was RMB330.9m, compared with reported net loss of RMB304.2m.

• Other income rose to RMB152.1m from RMB87.4m YoY; asset-disposal gains were RMB25.0m versus RMB2.3m.

Outlook and guidance

• Lower commodity billet selling prices and higher raw-material procurement costs were identified as pressures on profitability.