Inner Mongolia Baotou Steel Union (600010) H1 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 was ¥31.33 billion, down 11.02% year-over-year, but net profit attributable to shareholders rose 39.99% to ¥151 million, and total profit increased 148.57% to ¥168 million.

• The company achieved stable production and operations, with iron output of 7.03 million tons, steel output of 7.49 million tons, and significant cost reductions totaling ¥822 million.

• Product structure optimization and market expansion led to a 12.61% increase in specialty steel orders and record-high sales of rare earth steel materials.

• R&D investment intensity exceeded 5%, with 101 new projects and 223 patents granted.

Financial highlights

• Operating income: ¥31.33 billion, down 11.02% year-over-year.

• Net profit attributable to shareholders: ¥151 million, up 39.99% year-over-year.

• Total profit: ¥168 million, up 148.57% year-over-year.

• Net cash flow from operating activities: ¥179 million, up 7.96% year-over-year.

• Basic and diluted EPS: ¥0.0033, up 37.5% year-over-year.

• Non-recurring profit and loss: ¥44.41 million, mainly from asset disposals, government subsidies, and debt restructuring.

Outlook and guidance

• The company will continue to focus on high-quality steel and rare earth steel, deepen cost control, and promote digital and green transformation.

• Emphasis on innovation, market expansion, and integration with national and regional development strategies.