Shandong Iron And Steel Company Ltd (600022.SH) announced its third quarter 2025 performance forecast. According to preliminary calculations, the company expects continued improvement in operating performance for the first three quarters of 2025, with significantly enhanced profitability. The company anticipates achieving total profit of approximately 632 million yuan, representing an increase of about 2.196 billion yuan compared to the same period last year. Net profit attributable to shareholders of the listed company is expected to reach approximately 140 million yuan, an increase of about 1.591 billion yuan year-over-year. For the first three quarters of 2025, net profit attributable to shareholders excluding non-recurring items is projected at approximately 138 million yuan, up about 1.613 billion yuan from the previous year.
The main factors contributing to the performance improvement in the first three quarters include: emphasizing value creation and deepening transformation for survival, implementing a strategy of managing both ends while controlling the middle, improving efficiency, reducing costs, and enhancing synergy, resulting in stable production operations with quality enhancement. The company has deepened its accounting-based operations and implemented rigorous three-tier cost management, achieving steel cost reduction of over 60 yuan per ton. Additionally, the company has continuously strengthened product operations, innovated operational mechanisms, achieved efficient coordination between production, sales, and research, and maintained strong momentum in both procurement and sales, with the purchase-sale price differential improving by over 200 yuan per ton compared to last year.
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