Chongqing Iron & Steel expects significant loss reduction in 2025

Chongqing Iron & Steel Company Limited anticipates a net loss attributable to shareholders of RMB210 million to RMB230 million for the first nine months of 2025. This represents an estimated loss reduction of RMB1,120 million to RMB1,140 million compared to the same period last year, when the company reported a net loss of RMB1,350 million. Excluding non-recurring items, the expected net loss ranges from RMB220 million to RMB240 million, a decrease of RMB1,110 million to RMB1,130 million from RMB1,354 million in the prior year.

The company attributes this improvement to enhanced profitability through "procurement cost reduction" and "sales profit growth," alongside strengthened risk resilience via "cost reduction" and "efficiency improvement." Initiatives included precise inventory control, optimized procurement, channel expansion, and lean management across production processes. These estimated results are based on preliminary calculations and have not been audited.