Maanshan Iron & Steel Co., Ltd. ( 00323.HK ) achieved an annual revenue of 77.525 billion yuan in 2025, with a significant year-on-year reduction in losses of 4.45 billion yuan.

Gelonghui, March 25 - Ma’anshan Iron & Steel Company Limited (00323.HK) announced its annual performance. In the fiscal year 2025, the company’s operating revenue was RMB 77.525 billion, a decrease of 5.25% year-on-year; the net loss attributable to shareholders of the listed company was RMB 209 million, compared to a loss of RMB 4.659 billion in the same period last year.

The decrease in operating revenue by 5.25% was mainly due to the continued weakness in demand from downstream industries and the year-on-year decline in the average price of steel. Operating profit increased by RMB 4.871 billion, total profit increased by RMB 4.970 billion, net profit increased by RMB 4.956 billion, and net profit attributable to owners of the parent company increased by RMB 4.450 billion. This was mainly due to an improvement in the year-on-year purchase and sale difference, as well as the company’s continuous improvement in operational performance through measures such as accounting management, comprehensive cost reduction, and quality enhancement throughout the process.

In 2025, facing a severe market situation, the company adhered to the development direction of “four modernizations” and the operational principle of “four guarantees,” steadily advancing internal reforms and collaborative value creation, deepening multidimensional accounting management and benchmarking for gaps, continuously optimizing product structure, and enhancing product management capabilities and production line operational efficiency. Overall, production and operations remained stable throughout the year, with significant improvement in operational performance compared to the previous year. Total profit reduced losses by RMB 4.970 billion year-on-year, net profit reduced losses by RMB 4.956 billion year-on-year, and net profit attributable to shareholders of the listed company reduced losses by RMB 4.450 billion year-on-year. However, due to fluctuations in market conditions in the fourth quarter and the decline in performance of some affiliated companies, net profit and net profit attributable to shareholders of the listed company have yet to achieve a turnaround, aside from total profit.