Xinyu Iron & Steel Q1 profit rises despite revenue drop

Xinyu Iron & Steel (SSE:600782) reported a mixed performance for the first quarter of 2025. While revenue declined 22.54% year-over-year to CNY 874,872,520, the company achieved a net profit attributable to shareholders of CNY 1,246,910, a turnaround from the previous year's loss. Excluding non-recurring items, the net loss attributable to shareholders was CNY -7,255,260. Basic earnings per share were CNY 0.004. These gains were attributed to the company’s cost control measures, implemented as part of its “four-have” management principle.