FilingReader Intelligence
Xinyu Iron & Steel forecasts RMB 89-112m half-year profit
July 14, 2025 at 09:41 AM UTC•By FilingReader AI
Xinyu Iron & Steel Co projects net profit of RMB 89-112 million for first half 2025, reversing from RMB -75.47 million loss in the same period last year.
The turnaround comes despite weak downstream demand and high industry supply, with the company citing cost reduction efforts and improved operational efficiency in the second quarter.
Non-recurring gains from investment income contributed approximately RMB 165 million to the projected profit.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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