Baoshan Steel reports strong Q3 2025 results, profit up 29.4% year-to-date

Baoshan Iron & Steel Co., Ltd. announced a strong third quarter for 2025, with iron output of 12.766 million tonnes, steel output of 13.056 million tonnes, and commercial billet and material sales of 13.955 million tonnes. This generated a consolidated profit of 4.06 bn yuan. Year-to-date, the company achieved a consolidated profit of 10.64 bn yuan, representing a 29.4% increase over the previous year, securing its position as an industry leader. This performance was underpinned by advancements in AI transformation, 22 new R&D projects, and 6 new product launches, including GPa steel 1470DP-EG.

The company's board approved the Q3 2025 report on October 29, 2025. Key resolutions included the approval of Q3 financial statements, asset impairment provisions totaling 22.44 million yuan for bad debts, 247.94 million yuan for inventory, 165.15 million yuan for fixed assets, and 107.67 million yuan for other non-current assets. Additionally, the board approved the "CSP Continuous Casting and Rolling Process Transformation Project" for Wuhan Iron and Steel Co., Ltd. to address production line imbalances and expand product offerings.

Baoshan Iron & Steel also reinforced its commitment to sustainability, approving an "ESG Work Summary and Improvement Plan" to enhance disclosure, external ratings, and risk management in overseas operations. Furthermore, the board approved revisions to the "Information Disclosure Management Measures" to align with regulatory requirements and strengthen corporate governance.