Nanjing Iron & Steel (600282) H2 2025 earnings summary

Executive summary

• Achieved net profit attributable to shareholders of RMB 2.87 billion, up 26.83% year-over-year; basic EPS of RMB 0.4651, also up 26.83%.

• Revenue reached RMB 57.99 billion, down 6.17% year-over-year due to lower steel prices.

• Advanced steel materials sales grew 8.09% to 2.83 million tons, accounting for 30.45% of total steel sales.

• Gross margin for advanced steel materials rose to 20.88%, up 3.71 percentage points year-over-year.

• Recognized for digital transformation, green development, and ESG performance.

Financial highlights

• Net profit attributable to shareholders: RMB 2.87 billion, up 26.83% year-over-year.

• Revenue: RMB 57.99 billion, down 6.17% year-over-year.

• Operating cash flow: RMB 3.67 billion, up 14.06% year-over-year.

• Total assets: RMB 69.94 billion, up 1.21% from previous year-end.

• Net assets attributable to shareholders: RMB 27.71 billion, up 6.48% year-over-year.

Outlook and guidance

• 2026 targets: steel output 9.78 million tons, revenue RMB 58.5 billion, new fixed asset investment RMB 1.916 billion.

• Focus on digital transformation, AI-driven manufacturing, green low-carbon development, and international expansion.

• Industry faces demand differentiation, with opportunities in high-end manufacturing and green steel.