Fangda Special Steel forecasts 133% profit surge
Fangda Special Steel Technology expects net profit attributable to shareholders for the first half of 2025 to range from 380m to 430m yuan, marking a year-on-year increase of 133% to 164%.
The surge is attributed to recovering steel market profitability, cost reduction measures, and increased sales of spring flat steel driven by a heavy truck market rebound. Non-recurring gains of approximately 54m yuan from trust product investments and Sunshine Insurance H-share appreciation also contributed.
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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