Fangda Special Steel reports strong semi-annual growth, approves subsidiary guarantees

Fangda Special Steel Technology reported a significant increase in its 2025 semi-annual results, with net profit attributable to shareholders up 148.75% to RMB 405.11 million. This growth was driven by reduced raw material costs and an optimized product structure. The company also announced plans for a semi-annual investor conference on September 19, 2025, to discuss these results and address investor queries.

In related news, the company’s board of directors approved guarantees totaling RMB 577 million for its wholly-owned and indirectly controlled subsidiaries, including Jiangxi Fangda Special Steel Automobile Suspension Group and Benxi Manchu Autonomous County Tongda Steel Selection. These guarantees, aimed at supporting the subsidiaries' operational activities and financial stability, represent 44.24% of the company's last audited net assets.

Additionally, the board approved an increase of RMB 700 million in the company's 2025 estimated daily related-party transactions for property leasing with Nanchang Fangda Sun City Real Estate Development. These transactions are executed at market prices, ensuring fairness and not creating dependency on related parties. These measures underscore Fangda Special Steel's commitment to supporting its group operations and maintaining financial health.