Nanjing Iron & Steel posts strong Q3 profit growth, expands overseas

Nanjing Iron & Steel Company Limited announced a strong performance for the third quarter of 2025, with profit attributable to shareholders reaching 713,309,297.24 yuan, a 37.12% increase year-on-year. For the first nine months of 2025, total operating revenue was 43.28 bn yuan, a 12.19% decrease compared to the previous year, while net profit attributable to shareholders rose 24.12% to 2.176 bn yuan. Basic earnings per share were 0.1157 yuan for the quarter and 0.3530 yuan year-to-date.

The company's total assets grew by 1.48% to 70.12 bn yuan from the end of last year, with owners' equity increasing by 3.59% to 26.96 bn yuan. Key operational improvements, including enhanced sales of advanced steel materials and cost reduction, contributed to the profit growth.

Nanjing Iron & Steel also detailed its overseas expansion into Indonesia, establishing PT. KinRui New Energy Technologies Indonesia and PT. KinXiang New Energy Technologies Indonesia. These joint ventures aim to produce a combined 6.5m tons of coke annually, with all ten coke ovens across both facilities fully operational as of the end of the reporting period.