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