Changbao Steeltube's Q1 net profit drops 33%

Jiangsu Changbao Steeltube (SZSE:002478) announced its first-quarter results for 2025, revealing a CNY 111.22 million net profit attributable to shareholders, a 33% year-over-year decrease from CNY 166.00 million in the same period last year. Revenue also saw a slight dip, falling by 7.07% to CNY 1.21 billion. Operating cash flow experienced a minor improvement, rising to CNY -70.38 million. Basic and diluted earnings per share both decreased to CNY 0.12. The company attributed the decline in profits to fluctuations in investment income and fair value changes.