SHOUGANG RES (00639) announced its interim results for 2025, reporting revenue of approximately HK$2.101 billion, representing a 17% year-on-year decrease. Gross profit stood at HK$642 million, down 55% compared to the same period last year. Profit attributable to owners of the company totaled HK$404 million, declining 52% year-on-year. Basic earnings per share were 7.94 HK cents, while the interim dividend was set at 6 HK cents per ordinary share.

According to the announcement, the decrease in operating revenue was primarily attributed to a significant 45% year-on-year decline in the average realized selling price of coking coal during the review period, which offset the positive impact of a 16% increase in coking coal sales volume and the development of coal trading business.

The substantial year-on-year decline in profit was mainly due to the significant 55% decrease in gross profit, amounting to approximately HK$791 million.

On the positive side, during the review period, selling and distribution expenses decreased by approximately HK$34 million year-on-year due to a decline in the proportion of rail transport sales combined with effective cost control measures. Net foreign exchange gains increased by approximately HK$31 million compared to the previous year. Additionally, dividend withholding tax provisions decreased by approximately HK$26 million year-on-year due to lower profits of the Group's major subsidiaries established in China.