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Angang Steel Company (347) investor relations material
Angang Steel Company Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Report covers unaudited results for the three months ended 31 March 2026, prepared under PRC accounting standards.
Board and management confirm the truthfulness, accuracy, and completeness of the report.
Financial highlights
Operating income was RMB 22,021 million, down 12.19% year-over-year.
Net profit attributable to shareholders was a loss of RMB 1,457 million, compared to a loss of RMB 554 million in Q1 2025.
Basic and diluted EPS were both -0.156 RMB, down from -0.059 RMB year-over-year.
Net cash flows from operating activities increased 22.57% year-over-year to RMB 467 million.
Total assets at period end were RMB 94,534 million, down 1.58% from year-end 2025.
Owners' equity attributable to shareholders decreased 3.26% to RMB 42,448 million.
Outlook and guidance
Profitability impacted by steel industry downturn, with steel selling prices declining more than raw material costs, narrowing margins.
Output and sales volume of steel decreased due to maintenance of certain production lines.
- Net loss narrowed to RMB4,068 million in 2025, with improved efficiency and reduced costs.347
H2 202531 Mar 2026 - Net loss widened to RMB 5,084 million as steel prices fell and margins narrowed sharply.347
Q3 20245 Dec 2025 - Net loss narrowed by 66.6% year-over-year as cost controls and product upgrades offset market weakness.347
Q1 20255 Dec 2025 - Net loss narrowed and cash flow improved as cost controls and product innovation offset market headwinds.347
Q3 202530 Oct 2025 - Net loss widened to RMB2,689 million on lower revenue and persistent steel market weakness.347
H1 20247 Oct 2025 - Net loss widened to RMB 7,122 million on lower revenue and persistent industry headwinds.347
H2 20247 Oct 2025 - Net loss narrowed 57% on lower revenue, with strong cost controls and R&D investment.347
H1 20257 Oct 2025
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Next Angang Steel Company earnings date
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