Maanshan Iron & Steel Company Limited has reported its operating results for the first half of 2025, showing a decline in revenue and cost of sales compared to the same period last year. The company recorded revenue of RMB38.076 billion, down 11.47% from RMB43.007 billion in the previous year. Cost of sales also decreased by 14.69%, amounting to RMB36.245 billion from RMB42.484 billion last year. Despite the decline in revenue, the company reported an improvement in its net profit attributable to shareholders, with a net loss of RMB75 million, reflecting a year-on-year improvement in profit of RMB1.07 billion. This improvement is attributed to a better purchase-sale price differential and enhanced operational performance through cost reduction and quality improvement initiatives. In terms of operational updates, Maanshan Iron & Steel produced 9.36 million tonnes of pig iron, 10.35 million tonnes of crude steel, and 9.63 million tonnes of steel. The company has focused on value creation, cost reduction, and efficiency enhancement, particularly in procurement strategies, which led to cost savings in the ore segment. The company has also addressed risks related to bulk raw material price fluctuations, exchange rate and interest rate volatility, and environmental protection, ensuring they remain under control. These efforts have contributed to an overall improved production and operational trend, with the company advancing its strategic initiatives and achieving phased progress in reforms.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Maanshan Iron & Steel Company Limited published the original content used to generate this news brief on August 27, 2025, and is solely responsible for the information contained therein.
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