Wujin Stainless Steel Q3 profit tumbles 63% on price declines

Jiangsu Wujin Stainless Steel Pipe Group reported unaudited operating data for the third quarter of 2025, revealing a substantial decline in profitability. The company’s net profit attributable to shareholders decreased by 63.24% in Q3 2025 compared to the same period last year, reaching 11,275,254.35 yuan. Total operating revenue for the quarter was 597,351,095.31 yuan, representing a 6.97% increase. This decline in profit is primarily attributed to a drop in product prices, affecting the gross profit margin. For the first nine months of 2025, cumulative net profit attributable to shareholders was 86,772,709.08 yuan, a 49.14% decrease year-over-year.

Production volumes show 10,579 tons of stainless steel seamless pipes and 5,120 tons of stainless steel welded pipes in Q3 2025. Sales volumes for the same period were 11,842 tons and 4,978 tons, respectively. Average selling prices were 34,460.28 yuan per ton for seamless pipes and 18,770.60 yuan per ton for welded pipes during Q3 2025. The company’s cash flow from operating activities for the first nine months of 2025 decreased by 12.76% to 258,602,519.74 yuan, while investment activities saw a significant increase in cash outflows.

The company will hold a third-quarter performance briefing on November 7, 2025, from 13:00 to 14:00 at the Shanghai Stock Exchange Roadshow Center. Senior management, including vice chairman and general manager Shen Weiqiang and cfo Xu Gang, will be in attendance to address investor concerns.