Shandong Iron and Steel forecasts return to profitability

Shandong Iron and Steel anticipates a return to profitability for the first half of 2025, forecasting a total profit of approximately CNY 293 million. This represents a substantial increase of CNY 1.354 billion compared to the same period last year. Net profit attributable to shareholders is estimated at around CNY 12.71 million, a sharp contrast to the previous year's loss. The company projects a net profit attributable to shareholders after deducting non-recurring gains and losses of approximately CNY 18.69 million. Basic earnings per share are projected at CNY 0.0012. The positive shift is attributed to a focus on value creation, efficiency improvements, optimized production, and strategic market positioning.