Jiangsu Changbao Steeltube reports Q3 2025 results, implements new insider trading rules

Jiangsu Changbao Steeltube reported revenue of 4.28bn yuan for the first three quarters of 2025, a 1.40% increase year-over-year. Net profit attributable to shareholders decreased by 4.60% to 392.44m yuan. Basic and diluted earnings per share remained at 0.44 yuan. The company's total assets grew by 7.86% to 8.95bn yuan, with owners' equity increasing by 4.75% to 5.91bn yuan compared to the end of last year.

The company also introduced a new management system for directors and senior executives regarding their holdings and trading of company shares, effective October 25, 2025. This policy sets rules for stock transfers, aiming to regulate insider trading. Key provisions include restrictions on share transfers within specific periods, such as one year after listing, six months post-resignation, and during certain financial reporting windows.

The new rules also prohibit stock transactions by directors and senior management during sensitive periods, such as 15 days before annual and semi-annual reports and 5 days before quarterly reports. Violations will result in the company reclaiming any gains, and severe cases may lead to penalties or referrals to relevant departments.