Chongqing Iron & Steel reports revenue decline, narrows net loss in H1 2025

For the first half of 2025, Chongqing Iron & Steel Company Limited reported revenue of RMB13,085,208,976.53, a 13.26% decrease from the RMB15,086,019,195.15 reported in the same period last year. The company recorded a total loss of RMB129,921,080.35, a substantial improvement from the RMB812,923,105.65 loss in the prior year, attributed to an intensified focus on cost reduction and efficiency.

Net profit attributable to shareholders of the listed company was a loss of RMB131,017,640.67, compared to a loss of RMB689,212,586.56 in the first half of 2024. Basic earnings per share were reported as a loss of RMB0.01. The total assets of the company slightly increased to RMB35,513,168,183.06 from RMB35,479,243,942.55 at the end of last year, a 0.10% rise.

Cash flow from operating activities increased by 7.01% to RMB880,441,846.98. The company emphasized its strategic initiatives, including technological innovation, green development, and full-staff cost accounting management, to overcome market challenges and improve production and operations.