Chongqing Iron & Steel Company Limited expects to post a net loss attributable to shareholders of RMB179.00 million for the six months ended 30 June 2026, widening the prior-year period’s loss by RMB48.00 million. Excluding non-recurring items, the projected loss expands to RMB203.00 million, up RMB62.00 million year on year.

Despite the deeper first-half deficit, management estimates a turnaround in the second quarter, projecting a RMB20.00 million profit after a loss in the first quarter. The company cites incremental effects from cost-reduction initiatives, intensified production scheduling and an upgraded product mix for the sequential recovery.

Management attributes the overall first-half weakness to subdued domestic steel demand, persistent oversupply and elevated raw-material costs. Freight rates for imported iron ore rose amid geopolitical tensions and logistical constraints at the Three Gorges Dam, while coal prices climbed on supply disruptions. Lower production and sales volumes in the first quarter further pressured margins.

For reference, Chongqing Iron & Steel recorded a RMB131.00 million net loss and a loss per share of RMB0.01 in the first half of 2025. The current performance guidance has not been audited; full details will be disclosed in the company’s 2026 interim report. Investors are advised to monitor subsequent filings for confirmed figures.