Fangda Special Steel Technology (600507) Q3 2025 earnings summary

Executive summary

• Net profit attributable to shareholders surged 1,368.10% year-over-year in Q3 2025, driven by a sharper drop in raw material costs than steel price declines and product mix optimization.

• Revenue for Q3 2025 was RMB 4.54 billion, down 11.38% year-over-year; year-to-date revenue fell 18.45% to RMB 13.23 billion.

Financial highlights

• Q3 2025 net profit attributable to shareholders: RMB 383.73 million; year-to-date: RMB 788.84 million.

• Q3 2025 basic and diluted EPS: RMB 0.17, up 1,409.09% year-over-year; year-to-date EPS: RMB 0.34, up 320.99%.

• Gross margin improved as raw material costs fell more than steel prices.

• Net cash from operating activities for the first nine months: RMB 539.49 million, down 62.78% year-over-year.

Outlook and guidance

• Profitability expected to remain sensitive to raw material and steel price fluctuations.