Chongqing Iron & Steel forecasts significant Q3 loss reduction

Chongqing Iron & Steel Company Limited (SSE:601005) projects a significant reduction in net losses for the first three quarters of 2025. The company forecasts a net loss attributable to shareholders of RMB-230 million to RMB-210 million, a decrease in loss by RMB1.12 bn to RMB1.14 bn compared to the same period last year. Similarly, net loss attributable to shareholders after deducting non-recurring gains and losses is expected to be RMB-240 million to RMB-220 million, marking a loss reduction of RMB1.11 bn to RMB1.13 bn from the previous year's RMB-1.354 bn.

This anticipated improvement stems from a two-pronged strategy: "procurement cost reduction" and "sales profit increase." Initiatives include optimizing procurement through localized layouts and precise inventory control, and enhancing sales through expanded channels, structural adjustments, and improved product added value. On the operational front, "cost reduction" and "efficiency improvement" measures, such as refined production management, technical optimization, and increased resource utilization, have also played a crucial role.

The company's previous year's performance for the same period showed a net loss attributable to shareholders of RMB-1.35 bn, with earnings per share at RMB-0.15. These preliminary figures from the 2025 Q3 performance forecast are unaudited, and investors are advised to exercise caution.