Chongqing Iron & Steel Company (1053) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was RMB 6.01 billion, up 8.96% year-over-year, but nine-month revenue fell 7.32% to RMB 19.09 billion.

• Net loss attributable to shareholders for Q3 was RMB 87.31 million; nine-month net loss was RMB 218.33 million.

• Non-recurring gains for the nine months totaled RMB 12.95 million, mainly from government grants and capital occupancy fees.

Financial highlights

• Q3 net profit after non-recurring items was a loss of RMB 90.77 million; nine-month loss after non-recurring items was RMB 231.28 million.

• Basic and diluted EPS for Q3 were both -0.01 RMB; for nine months, both were -0.02 RMB.

• Net cash flow from operating activities for nine months was RMB 1.83 billion, up 68.11% year-over-year.

• Total assets at quarter-end were RMB 35.08 billion, down 1.13% from year-end 2024.

• Owners' equity attributable to shareholders was RMB 16.41 billion, down 1.20% from year-end 2024.

Outlook and guidance

• Operating cash flow improved despite continued net losses, indicating some operational resilience.