Jiu Steel Hongxing details financial performance and future strategies

Gansu Jiu Steel Group Hongxing Iron & Steel (SSE:600307) addressed investors regarding its 2024 annual report and 2025 first-quarter performance during a briefing held on June 5, 2025. The company highlighted a reduction in losses of CNY 0.75 billion compared to the same period last year through cost reduction and efficiency improvements. Future growth drivers include utilizing its own mines for low-cost production, leveraging technological advantages, and expanding its brand recognition, especially in high-end steel products. The company is also pursuing green energy initiatives. Additionally, Jiu Steel Hongxing detailed progress in high-end product development, including aerospace applications for its steel and silicon steel. The company is actively working to reduce its debt ratio and is carrying out a shareholding increase and repurchase plan. The briefing addressed questions regarding its environmental initiatives, supply chain, and research breakthroughs.