Baogang Steel Union profit jumps, eyes strategic resource utilization

Inner Mongolia Baogang Steel Union (SSE:600010) revealed a net profit attributable to shareholders of 151m yuan for the first half of 2025, a year-on-year increase of 39.99%. This growth was attributed to efforts in adjusting product structure, expanding markets, improving efficiency, and reducing costs. The company reiterated its commitment to a "high-quality specialty steel + rare earth steel series" product structure adjustment strategy, focusing on comprehensive utilization of Baiyun Obo resources.

Baogang Steel Union also reported a decrease in its asset-liability ratio by 0.42 percentage points compared to the beginning of the year. Through optimizing its debt structure, financial expenses for the first half of 2025 decreased by 6.29% year-on-year. The company emphasized its focus on the protective development, standardized management, and high-value utilization of Baiyun Obo resources, including advancing industrial extraction trials for scandium and niobium.

Going forward, the company aims to solidify its position as a key player in safeguarding national strategic rare earth resources and contribute to the development of Inner Mongolia's "two rare earth bases," striving for high-end, green, and intelligent transformation within the industry.