Hangzhou Iron & Steel reports mixed Q3 2025 results amid asset restructuring

Hangzhou Iron & Steel announced its operating data for the first three quarters of 2025, with hot-rolled coil production increasing by 3.55% to 3.408 million tons and sales up by 3.92% to 3.4186 million tons compared to the same period in 2024. However, the average non-tax selling price of hot-rolled coil decreased by 10.90% to CNY 3,044.68 per ton.

The company's third-quarter financial report highlighted a total operating revenue of CNY 15.85 bn and a net profit attributable to shareholders of CNY 214.83m for the quarter, with basic earnings per share at CNY 0.06. Year-to-date, total operating revenue was CNY 45.52 bn, and net profit attributable to shareholders reached CNY 100.60m, with basic earnings per share at CNY 0.03.

This period also saw significant asset restructuring, as Hangzhou Iron & Steel divested 97% of its equity in Zhejiang New Century Renewable Resources Development Co., Ltd. and 100% of its equity in Zhejiang Deqing Hanggang Fuchun Renewable Technology Co., Ltd. This transaction, completed by the end of September 2025, is expected to reduce the company's operating income considerably in future periods.