CITIC (00267): Nanjing Iron & Steel Co., Ltd. (600282.SH) Reports Q1-Q3 Net Profit of Approximately 2.176 Billion Yuan, Up 24.12% Year-on-Year

Stock News10-24

CITIC (00267) announced that Nanjing Iron & Steel Co., Ltd. (600282.SH) recorded approximately 43.283 billion Yuan in revenue for the first three quarters of 2025, reflecting a year-on-year decrease of 12.19%. The net profit attributable to shareholders of the listed company was around 2.176 billion Yuan, a rise of 24.12% year-on-year. The weighted average return on net assets was 8.12%, marking an increase of 1.41 percentage points compared to the previous year. By the end of the reporting period, Nanjing Iron & Steel's total assets stood at 70.128 billion Yuan, a growth of 1.48% from the end of the previous year; the shareholders' equity attributable to the listed company reached 26.962 billion Yuan, up 3.59%.

For the period from January to September 2025, Nanjing Iron & Steel (600282.SH) produced 6.949 million tons of steel, a slight decline of 0.11% year-on-year; steel sales amounted to 6.8539 million tons, down 1.28% year-on-year; and the average selling price of steel was 3,974.23 Yuan per ton (excluding tax), a decrease of 9.84% year-on-year. The announcement stated that the profit growth was primarily due to the company's steady increase in the proportion of advanced steel materials sold, a focus on lean production, cost reduction and efficiency enhancement, along with a commitment to leading products in key areas, and ongoing optimization of product structure and innovative business models.

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