Shougang Q3 net profit surges 255%, governance frameworks updated

Beijing Shougang Co., Ltd. announced a robust increase in net profit attributable to shareholders, reaching 296.3m yuan for the third quarter of 2025, a 255.06% rise year-on-year. For the first nine months of 2025, net profit grew by 368.13% to 953.4m yuan. Total operating revenue for the nine months stood at 77.23bn yuan. The company's total assets were 129.5bn yuan, with net assets attributable to shareholders at 50.42bn yuan.

The company's board of directors approved 15 revised governance documents on October 29, 2025. Key updates include revisions to the "Information Disclosure Management System," "Independent Director System," "Raised Funds Management System," "Investor Relations Management System," "Related Party Transactions Internal Control Management System," and "External Guarantees Management System." These updates aim to enhance corporate transparency, protect investor interests, and ensure compliance with regulatory requirements. The "Raised Funds Management System" and "Independent Director System" will be submitted to the shareholders' meeting for approval.

The board also noted increases in accounts receivable financing due to collection structure changes and other receivables from higher bid deposits. Construction in progress decreased due to asset capitalization, while long-term deferred expenses rose from leased property renovations. Provisions for liabilities increased due to pending litigation.