China Oriental (00581) announced that the Group expects to achieve net profit of no less than RMB 220 million for the six months ending June 30, 2025, representing an increase of at least 70% compared to the Group's net profit of approximately RMB 123 million for the six months ending June 30, 2024.

The announcement stated that the expected increase in the Group's net profit during the relevant period is mainly attributable to the combined impact of the following factors: the decline in major raw material prices, with their price decline trend outpacing that of steel product prices; and the Group's continued comprehensive implementation of lean management strategies, including cost reduction and efficiency enhancement as well as procurement management optimization, resulting in a decrease in overall cost per ton of steel.