Chongqing Iron & Steel significantly reduces losses in Q1 2025

Chongqing Iron & Steel (SSE:601005) announced a significant reduction in net losses for the first quarter of 2025, according to its first-quarter report. The net loss attributable to shareholders was reduced to CNY -117.42 million, although year-over-year figures are not applicable. This improvement is attributed to the company's enhanced operational efficiency, rigorous cost-cutting initiatives, and adjustments to its procurement and sales strategies. Despite market pressures, Chongqing Iron & Steel achieved a profit of CNY 5.13 million in March alone.