Baosteel achieves solid 2024, plans value-boosting measures for 2025

Baoshan Iron & Steel (Baosteel) reported a solid financial performance for 2024, with revenue reaching CNY 322.12 billion and a net profit attributable to shareholders of CNY 7.36 billion. Despite a 6.5% decrease in revenue compared to 2023, the company maintained its leading position in the domestic steel industry. The company proposes a cash dividend of CNY 0.21 per share, allocating a total of CNY 4.52 billion, exceeding its stated policy of distributing at least 50% of net profit.