Shougang Fushan Reports 17% Revenue Drop Amid 45% Decline in Coking Coal Prices; Declares HK6 Cents Interim Dividend

Reuters
08/28
<a href="https://laohu8.com/S/FSHYF">Shougang Fushan</a> Reports 17% Revenue Drop Amid 45% Decline in Coking Coal Prices; Declares HK6 Cents Interim Dividend

Shougang Fushan Resources Group Limited has announced its unaudited consolidated interim results for the six months ended 30 June 2025. The company reported a revenue of HK$2.101 billion, a decline of 17% compared to HK$2.532 billion in the same period of 2024. This decrease was attributed to a significant reduction in the average realised selling prices of clean coking coal, which dropped by 45% year-on-year. Despite a 28% reduction in unit production cost year-on-year, the gross profit margin fell to 31%, down from 57% during the previous period. Excluding the trading of coal products, the gross profit margin would have been 40%. Sales of self-produced clean coking coal totaled HK$1.579 billion, while sales of self-produced by-products reached HK$27.506 million. Additionally, the trading of coal products contributed HK$494.583 million in revenue. Shougang Group Co., Limited, the largest customer, accounted for 29% of the Group's revenue, down from 50% in the first half of 2024. The company declared an interim dividend of HK6 cents per ordinary share for the period.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shougang Fushan Resources Group Limited published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.

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