Xinyu Iron & Steel reports strong Q3 profit growth, revises stock plan

Xinyu Iron & Steel reported a robust third quarter for 2025, with net profit attributable to shareholders increasing by 149.46% to 248,964,973.91 yuan, driven by improved product gross margins and cost-reduction efforts. Total assets at the end of the reporting period stood at 48,700,173,132.36 yuan. The company’s weighted average return on net assets for the period was 1.73%.

The board of directors approved an increase in daily related-party transactions for 2025, primarily involving the sale of goods and services to China Baowu Steel Group and its subsidiaries, totaling up to 870 million yuan. These transactions are expected to support normal operations, leverage synergistic effects, and maintain independence.

Additionally, Xinyu Iron & Steel adjusted its A-share restricted stock incentive plan, repricing the reserved restricted shares to 2.14 yuan per share following the 2024 dividend distribution. On October 31, 2025, 1.48 million reserved restricted shares will be granted to nine eligible employees.