Nanjing Iron & Steel (600282) H1 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥31.13 billion, up 7.55% year-over-year; net profit attributable to shareholders was ¥1.32 billion, down 9.64% year-over-year.

• Advanced steel materials contributed 30.57% of steel sales volume and 47.61% of gross profit, with gross margin at 19.83%.

• The company maintained robust operations amid industry headwinds, with a focus on high-end, intelligent, and green transformation.

• Cash dividend of ¥1.072 per 10 shares (pre-tax) proposed, representing 50% of H1 net profit.

Financial highlights

• Operating income: ¥31.13 billion (+7.55% YoY); operating cost: ¥27.01 billion (+7.48% YoY).

• Net profit attributable to shareholders: ¥1.32 billion (-9.64% YoY); basic/diluted EPS: ¥0.2144 (-9.64% YoY).

• Net cash from operating activities: ¥1.54 billion (-31.87% YoY).

• Total assets: ¥70.15 billion (+0.30% from 2025 year-end); net assets attributable to shareholders: ¥27.84 billion (+0.44%).

• Non-recurring profit and loss: ¥195.52 million, mainly from government subsidies and fair value changes.

Outlook and guidance

• The company will continue to focus on high-end, intelligent, and green development, aiming to enhance resilience and competitiveness.

• Industry risks include macroeconomic uncertainty, raw material price volatility, and intensified competition.