MAANSHAN IRON (00323) announced that the company expects to report a net loss attributable to shareholders of the listed company for the full year 2025 in the range of RMB 250 million to RMB 190 million. This represents a significant reduction in losses of approximately RMB 4.409 billion to RMB 4.469 billion compared to the same period last year. The net loss attributable to shareholders after deducting non-recurring gains and losses is projected to be between RMB 272 million and RMB 212 million, a decrease in losses of about RMB 4.026 billion to RMB 4.086 billion year-on-year.
In 2025, the domestic steel industry continued its development trend of reducing volume and adjusting its structure. Amid an environment of persistent supply-demand imbalances, pressure on steel prices, and fluctuating raw material costs, the operating conditions for steel enterprises remained challenging.
During this period, the company adhered to its core business principles, solidly advanced organizational reforms and synergistic efficiency creation, deepened multi-dimensional operational accounting and benchmarking, and continuously optimized its product mix while increasing the proportion of high-end products. It strived to enhance product management capabilities and production line operational efficiency.
Among these efforts, Maanshan Iron & Steel Co., Ltd., with the collaborative support of Baoshan Iron & Steel Co., Ltd., achieved stable improvements in its ironmaking systems, enhanced quality and efficiency in its steelmaking and rolling systems, and fostered synergistic development within its operational framework. Anhui Changjiang Steel Co., Ltd., guided by an operational policy of "low cost, differentiation, high efficiency, and fast pace," implemented differentiated management controls, promoted reforms at the grassroots organizational level, and significantly improved its cost competitiveness.
Through these multiple measures, the company's full-year operating performance improved substantially compared to the previous year. The net loss attributable to shareholders was reduced by approximately RMB 4.409 billion to RMB 4.469 billion year-on-year. However, impacted by market volatility in the fourth quarter, coupled with the company's ongoing transition and development phase and a decline in the operating performance of some of its equity-accounted investees, the company was still unable to achieve a full-year turnaround to profitability.