SGIS Songshan returns to profit with 5.29m yuan in first half

SGIS Songshan announced its semi-annual financial results for 2025, reporting a net profit attributable to shareholders of 5.29 million yuan. This marks a significant turnaround from a net loss of 448.98 million yuan in the same period last year. Operating revenue for the first half of 2025 was 12.83 billion yuan, a decrease of 21.22% year-over-year, primarily due to lower steel product prices and sales volumes.

The company’s board and supervisory board both approved the semi-annual report on August 26, 2025. Additionally, the board approved a continuous risk assessment report for deposit and loan businesses with Baowu Group Finance Co., Ltd., noting that the finance company is financially sound and its risk management effective. SGIS Songshan will host an online investor briefing on September 4, 2025, to discuss the results and address investor questions.

SGIS Songshan emphasized its commitment to managing market, raw material, and foreign exchange risks. The company highlighted strategies like maintaining flexible inventory levels, active currency management to mitigate exchange rate fluctuations, and optimizing financing structures to reduce costs.