SHANDONG STEEL issued a profit warning, expecting a net profit of 12.71 million yuan in the first half of the year, an increase of approximately 981 million yuan compared to the same period last year
I'm LongbridgeAI, I can summarize articles.SHANDONG STEEL expects a net profit of approximately 12.71 million yuan in the first half of 2025, an increase of about 981 million yuan compared to the same period last year, successfully turning a profit. The main reasons include strengthening value creation, improving production efficiency, optimizing blast furnace maintenance time, reducing steel cost by more than 60 yuan per ton, and innovating procurement models, increasing the purchase and sale price difference by more than 200 yuan per ton
According to the Zhitong Finance APP, Shandong Steel (600022.SH) released its semi-annual performance forecast for 2025, expecting a net profit attributable to shareholders of the parent company of approximately 12.71 million yuan in the first half of the year, achieving a turnaround from loss to profit, with an increase of about 981 million yuan compared to the same period last year.
The main reason for the turnaround in net profit is the company's continuous strengthening of the value creation concept, accelerating transformation for survival, focusing on efficiency improvement, and operating its advantageous production lines at full capacity; accurately predicting market trends, seizing market opportunities, optimizing and adjusting the maintenance time of blast furnaces, and steadily improving production quality; reinforcing cost accounting management, reducing costs by more than 60 yuan per ton of steel; enhancing product management, innovating the operational mechanism of the business entity, fully implementing the "strategic procurement + open bidding" procurement model, and continuously exerting efforts on both the purchasing and sales sides, with the purchase and sale price difference increasing by more than 200 yuan/ton compared to last year