Lingyuan Iron & Steel reports mixed half-year results, revenue down

Lingyuan Iron & Steel Co., Ltd. announced its unaudited half-year results for 2025, with revenue of 7.378 bn yuan and a net profit attributable to shareholders of -578.16m yuan. This represents a 27.62% decrease in revenue and a 10.44% decrease in net assets compared to the prior year-end. Despite the reduction in revenue, the company's operating cash flow improved significantly, rising to 104.11m yuan from -380.43m yuan in the same period last year. The company will hold a half-year performance briefing on September 16, 2025, inviting investors to discuss its operating performance and development strategy.

In related announcements, the company's board approved the half-year report and a risk assessment report for Angang Group Finance Co., Ltd. Lingyuan Iron & Steel also disclosed its production and sales figures for the first half of 2025, showing decreases in output for profiles, strip, and pipe, with corresponding drops in sales and average selling prices. The company's equity incentive plan, approved on August 12, 2025, involves granting 5.31m restricted shares to 96 eligible individuals at a price of 1.00 yuan per share.