Sansteel MinGuang Fujian updates capital management, reports Q3 profit surge

Sansteel MinGuang Fujian Co., Ltd. has issued its "Administrative Measures for the Use of Raised Funds (formulated in 2025)," effective upon board approval. These measures aim to regulate the management and efficient use of raised funds from stock issuances and their derivatives, excluding those for equity incentive plans. The company emphasizes scientific decision-making, strict adherence to laws, and enhanced profitability, with the board overseeing fund placement, management, and usage to mitigate investment risks.

In parallel, the company's Q3 2025 financial report highlights substantial improvements. As of September 30, 2025, net profit attributable to shareholders increased by 104.22% for the quarter and 113.84% year-to-date, reaching 46,181,145.34 yuan and 183,899,318.29 yuan, respectively. Basic earnings per share also rose by 104.22% for the quarter, to 0.0190 yuan. Operating revenue for the first nine months increased by 0.27% to 33,266,649,947.46 yuan, with net cash flow from operating activities surging by 186.75% to 385,764,855.90 yuan.

The report attributes these changes to factors such as increased trading financial assets, a decrease in accounts receivable, and a rise in other equity instrument investments. The company also noted a significant increase in cash received from sales and tax refunds, alongside a decrease in cash paid for goods and services.