Shandong Iron and Steel forecasts significant Q3 2025 profit surge

Shandong Iron and Steel Company Limited (SSE:600022) announced a preliminary forecast for the first three quarters of 2025, expecting a significant improvement in its operating performance. The company projects a total profit of approximately 632 million yuan, marking an increase of about 2.2 billion yuan compared to the same period last year. Net profit attributable to shareholders is anticipated to reach around 140 million yuan, an increase of approximately 1.6 billion yuan year-on-year. Excluding non-recurring gains and losses, net profit attributable to shareholders is expected to be approximately 138 million yuan, an increase of about 1.6 billion yuan. The estimated earnings per share are approximately 0.0131 yuan.

This positive outlook contrasts sharply with the performance in the same period last year, which saw a total loss of 1.564 billion yuan, a net loss attributable to shareholders of 1.451 billion yuan, and an earnings per share of -0.1361 yuan.

The company attributes the improved performance to a focus on value creation, operational efficiency, cost reduction, and enhanced product management. Key initiatives included optimizing production, reducing per-ton steel costs by over 60 yuan, and increasing the buy-sell price difference by more than 200 yuan per ton compared to the previous year. This preliminary forecast has been discussed with the company's auditors, with no disagreements reported. The full financial details will be disclosed in the Q3 2025 report.