Nanjing Iron & Steel (600282) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 14.41 billion, up 0.42% year-over-year; net profit attributable to shareholders was RMB 597 million, up 3.23% year-over-year.

• Steel output and sales volumes increased by 6.83% and 7.00% respectively, but average steel price fell 5.48% year-over-year.

• Total assets at quarter-end were RMB 70.14 billion, up 0.28% from year-end 2025.

Financial highlights

• Operating cash flow was RMB 715 million, down 5.57% year-over-year.

• Basic and diluted EPS were both RMB 0.0969, up 3.30% year-over-year.

• Gross margin and net margin not explicitly stated, but net profit margin improved slightly.

• Non-recurring gains contributed RMB 166 million to net profit, mainly from fair value changes in equity investments.

Outlook and guidance

• The company expects continued industry challenges due to lower steel prices and volatile raw material costs.