Baogang Steel posts significant profit surge in first half of 2025

Inner Mongolia BaoTou Steel Union Co., Ltd. announced a net profit of yuan 151,333,140.59 for the first half of 2025, a 39.99% increase from the previous year, with total operating revenue of yuan 31,328,623,798.17. This growth was attributed to enhanced production efficiency, optimized inventory management, and effective cost reduction initiatives, resulting in a yuan 822 million reduction in costs. The company also reported stable operational results for its financial subsidiary, Baogang Group Finance Co., Ltd., which maintained strong capital adequacy (30.76%) and liquidity (54.78%), meeting all regulatory requirements.

The company's primary products include steel, rare earth concentrate (REO=50%), and fluorite. In H1 2025, steel product output included 871,264.00 tonnes of pipe, 4,653,998.00 tonnes of plate, 798,799.00 tonnes of profiles, and 617,646.00 tonnes of wire rod. Rare earth concentrate production reached 211,117.00 tonnes, while fluorite production stood at 393,834.00 tonnes. The board approved the semi-annual report and the risk assessment report for Baogang Group Finance Co., Ltd.