Nanjing Iron & Steel (600282) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 14.34 billion, down 8.16% year-over-year; YTD revenue was RMB 43.28 billion, down 12.19% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 713 million, up 37.12% year-over-year; YTD net profit was RMB 2.18 billion, up 24.12% year-over-year.

• Gross margin and profitability improved despite lower sales, driven by product mix optimization and cost control.

Financial highlights

• Q3 total profit was RMB 886 million, up 40.02% year-over-year; YTD total profit was RMB 2.56 billion, up 24.40%.

• Operating cash flow for Q3 was RMB 3.14 billion, up 85.56% year-over-year.

• Basic and diluted EPS for Q3 were both RMB 0.1157; YTD EPS was RMB 0.3530, up 24.12% year-over-year.

• Total assets at period end were RMB 70.13 billion, up 1.48% from year-end 2024.

• Shareholders’ equity was RMB 26.96 billion, up 3.59% from year-end 2024.

Outlook and guidance

• Management expects continued focus on advanced steel materials, product leadership, and cost efficiency to support profitability.