Beijing Shougang Co (000959) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was ¥26.53 billion, down 10.18% year-over-year.

• Net profit attributable to shareholders reached ¥327.88 million, a significant turnaround from a ¥24.30 million loss in Q1 2024.

• Operating profit and total profit increased year-over-year, mainly due to lower upstream procurement costs.

Financial highlights

• Operating income: ¥26.53 billion, down 10.18% year-over-year.

• Net profit attributable to shareholders: ¥327.88 million, up 1,449.36% year-over-year.

• Net profit excluding non-recurring items: ¥348.68 million, up 1,053.27% year-over-year.

• Basic and diluted EPS: ¥0.0423, compared to -¥0.0031 in Q1 2024.

• Net cash flow from operating activities: -¥1.26 billion, improved from -¥1.88 billion year-over-year.

Outlook and guidance

• Profit growth attributed to lower procurement costs and increased tax payments.