Nanjing Steel sees Q3 profit soar on operational strategies

Nanjing Iron & Steel (Nanjing Steel) reported a substantial 37.12% year-on-year increase in net profit attributable to shareholders for the third quarter of 2025, reaching 713 million yuan. This marks the company's best single-quarter performance since Q3 2022, with non-recurring net profit climbing 2.42% quarter-on-quarter to 666 million yuan. For the first nine months of 2025, total revenue decreased by 12.19% to 43.283 bn yuan, while net profit attributable to shareholders rose by 24.12% to 2.176 bn yuan. This was driven by improved main business operations and an increase in non-recurring gains, including a 361 million yuan contribution from changes in fair value from an associate's listing.

The company's steel output for the first nine months was 6.949 million tons, a slight decrease of 0.11% year-on-year, with sales at 6.8539 million tons, down 1.28%. However, Q3 steel output reached 2.4089 million tons, an increase of over 14% from Q1, with sales of 2.3624 million tons, indicating a recovery from blast furnace maintenance. The company attributes its cost reduction efforts to optimizing raw material use, enhancing production efficiency, and strategic procurement. Nanjing Steel is also actively pursuing international expansion, green and low-carbon initiatives, and advancements in intelligent manufacturing to drive future growth.