SHANDONG STEEL issues a profit warning, expecting a net profit attributable to shareholders of 140 million yuan in the first three quarters
SHANDONG STEEL expects a net profit attributable to shareholders of 140 million yuan in the first three quarters of 2025, a year-on-year increase of approximately 1.591 billion yuan, with a total profit of about 632 million yuan, an increase of approximately 2.196 billion yuan. The performance improvement is mainly attributed to value creation, cost control, and strengthening product operations
According to the Zhitong Finance APP, Shandong Steel (600022.SH) released its performance forecast for the third quarter of 2025. Preliminary estimates indicate that the operating performance in the first three quarters of 2025 will continue to improve, with a significant increase in profitability, achieving a total profit of approximately 632 million yuan, an increase of about 2.196 billion yuan compared to the same period last year; the net profit attributable to shareholders of the listed company is expected to be around 140 million yuan, an increase of about 1.591 billion yuan compared to the same period last year.
It is expected that in the first three quarters of 2025, the net profit attributable to shareholders of the listed company, after deducting non-recurring gains and losses, will be approximately 138 million yuan, an increase of about 1.613 billion yuan compared to the same period last year.
The main reasons for the performance improvement in the first three quarters: highlighting value creation, deepening transformation for survival, controlling the ends while managing the middle, improving efficiency, reducing costs, and enhancing collaboration, with stable production operations and improved quality; deepening cost management, implementing three-level cost control, achieving a cost reduction of over 60 yuan per ton of steel; continuously strengthening product management, innovating the operational mechanism of the business, achieving efficient collaboration in production, sales, and research, and maintaining strong efforts on both the purchasing and sales sides, with the purchase and sales price difference increasing by over 200 yuan/ton compared to last year
