Inner Mongolia Baotou Steel Union (600010) Q3 2025 earnings summary

Executive summary

• Net profit attributable to shareholders for the first three quarters reached ¥233 million, an increase of ¥749 million year-over-year, reflecting a significant turnaround from last year’s loss.

• Product structure optimization and cost reduction initiatives led to improved competitiveness and operational efficiency.

• High-end material supply and technological innovation accelerated, supporting national manufacturing upgrades.

Financial highlights

• Operating revenue for the first three quarters was ¥48.08 billion, down 3.58% year-over-year.

• Net profit attributable to shareholders was ¥233 million, compared to a net loss of ¥516 million in the same period last year.

• Basic and diluted EPS for the first three quarters was ¥0.0051.

• Operating cash flow for the first three quarters was ¥740 million, down 17.55% year-over-year.

• Gross margin improved as cost per ton of steel decreased by 2.45% on top of last year’s 2.8% reduction.

Outlook and guidance

• Continued focus on high-end product development, cost control, and digital transformation to drive future growth.

• Ongoing commitment to green, low-carbon transformation and high-quality development.