Baogang Steel reports Q3 2025 earnings, strategic rare earth focus

Inner Mongolia Baogang Steel Union Co., Ltd. held its third-quarter 2025 earnings conference on December 23, 2025, via the Shanghai Stock Exchange Roadshow Center. Chairman Zhang Zhao, independent director Fu Mingyue, and board secretary and CFO Liu Mi engaged with investors on various topics.

For the first three quarters of 2025, the company reported total operating revenue of RMB 48.08 bn. Net profit attributable to shareholders of the listed company reached RMB 233 m, an increase of RMB 749 m year-on-year.

Baogang Steel reiterated its strategic focus as both a steel and resource-oriented enterprise, aiming to become a leading supplier of rare earth new materials and a key player in safeguarding national rare earth strategic resources. The company currently boasts a steel production capacity of 17.5 m tons and is committed to advancing the construction of "two rare earth bases" in Inner Mongolia.