Gansu Jiu Steel reports Q3 2025 performance, secures patent victory

Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. held meetings on October 30, 2025, to approve its 2025 third-quarter report. For the first nine months of 2025, the company reported total operating revenue of RMB 23,756,669,029.53, a decrease of 7.77% compared to the previous year. Net profit attributable to shareholders was RMB -710,621,303.70, while net cash flow from operating activities was RMB -948,788,581.07.

A key highlight was the resolution of a patent infringement lawsuit with Nippon Steel Corporation. The Supreme People's Court ruled in favor of Gansu Jiu Steel on July 1, 2025, confirming the invalidity of Nippon Steel's patent, and on August 26, 2025, dismissed Nippon Steel's appeal regarding infringement, concluding the case in Gansu Jiu Steel's favor.

The company also detailed efforts to boost investor confidence, with its controlling shareholder, Jiu Steel Group, increasing its stake by 82,570,214 shares, amounting to RMB 100,081,015.08, as of August 19, 2025. This follows a previous buyback of 69,991,600 shares, bringing total cumulative buybacks and share increases to 250,918,978 shares, representing 4% of total share capital, valued at RMB 300 million.