Nanjing Iron & Steel’s profit grows 18.63% despite revenue decline

Nanjing Iron & Steel Co., Ltd. reported a net profit attributable to shareholders of RMB 1.463 bn for the first half of 2025, an increase of 18.63% year-on-year. This growth occurred despite a 14.06% decrease in operating revenue, which stood at RMB 28.944 bn. The company’s weighted average return on net assets also saw an increase of 0.42 percentage points, reaching 5.15%. Total assets grew by 2.42% to RMB 70.778 bn, and net assets attributable to shareholders increased by 3.48% to RMB 26.934 bn compared to the end of the previous year. The company proposes a cash dividend of RMB 1.186 per 10 shares, totaling RMB 731 m, representing 50% of the period's net profit.

Nanjing Iron & Steel's focus on cost control measures, including optimizing material use and energy efficiency, resulted in a RMB 307 m reduction in M-process costs. Advanced steel materials contributed significantly to profitability, with sales reaching 1.3372 m tons, accounting for 29.77% of total steel product sales—a 2.64 percentage point increase. The gross profit margin for these products improved by 2.32 percentage points to 20.26%, generating RMB 1.367 bn in gross profit, which is 46.67% of the total gross profit.

The company's commitment to innovation and sustainability is evident in its "Yuanzhi Steel Large Model" for intelligent manufacturing and its leading position in green practices, maintaining an "A" environmental performance rating and achieving 100% compliance with primary national clean production standards. The company's overseas Indonesia coking projects, while facing operational challenges, are actively working towards profitability.