Jiangsu Shagang (002075) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was ¥13.12 billion, down 8.98% year-over-year; net profit attributable to shareholders rose 64.48% to ¥267 million.

• Gross margin improved as cost controls and product mix optimization offset industry headwinds.

• Cash flow from operations surged 247% to ¥1.43 billion, reflecting improved working capital management.

• The board proposed a cash dividend of ¥0.25 per 10 shares, totaling ¥54.85 million.

Financial highlights

• Operating income: ¥13.12 billion, -8.98% year-over-year.

• Net profit attributable to shareholders: ¥267 million, +64.48% year-over-year.

• Basic and diluted EPS: ¥0.12, up 71.43% year-over-year.

• Gross margin for steel products increased by 4.74 percentage points.

• Cash flow from operations: ¥1.43 billion, +247% year-over-year.

Outlook and guidance

• 2026 steel production target: 3.48 million tons; focus on efficiency, cost reduction, and high-end product development.

• Continued emphasis on green, low-carbon transformation and digital upgrades.

• Anticipates persistent industry overcapacity and cost pressures, but expects high-end and green steel demand to grow.