Inner Mongolia Baotou Steel Union (600010) Q1 2025 earnings summary

Executive summary

• Revenue declined 13.04% year-over-year to RMB 15.43 billion in Q1 2025 amid weak downstream demand and high raw material costs.

• Net profit attributable to shareholders fell 29.33% year-over-year to RMB 44.96 million.

• The company focused on product structure upgrades, cost control, and market expansion to maintain stable operations.

Financial highlights

• Operating income: RMB 15.43 billion, down from RMB 17.75 billion year-over-year.

• Net profit attributable to shareholders: RMB 44.96 million, down 29.33% year-over-year.

• Basic and diluted EPS: RMB 0.0010, down 28.57% year-over-year.

• Net cash flow from operating activities: -RMB 987.20 million, a significant decrease from -RMB 298.27 million year-over-year.

• Total assets at period end: RMB 152.22 billion, down 1.87% from year-end 2024.

Outlook and guidance

• The company aims to leverage national and regional industrial policies to drive demand for steel materials, accelerate high-end product development, and deepen cross-regional cooperation.

• Continued focus on product mix optimization and quality management to enhance competitiveness.