Jiugang Hongxing forecasts significant loss reduction in H1 2025

Gansu Jiu Steel Group Hongxing Iron & Steel forecasts a net loss of approximately 63.4 billion yuan for the first half of 2025, representing a significant reduction of about 33.5 billion yuan compared to the previous year.

The company attributes this improvement to cost reduction through optimized procurement, adjusted marketing strategies to enhance sales efficiency, and promotion of a "technology + product + service" model to boost high-value product sales.