CHONGQING IRON (01053) Reports Interim Results with Net Loss of Approximately RMB 131 Million, Narrowing by 80.99% Year-on-Year

Stock News
Aug 27

CHONGQING IRON (01053) announced its interim results for 2025, reporting operating revenue of approximately RMB 13.085 billion, representing a year-on-year decrease of 13.26%. The net loss attributable to shareholders of the listed company was approximately RMB 131 million, narrowing by 80.99% compared to the same period last year. Basic loss per share was RMB 0.01.

The company stated that the significant reduction in losses was primarily due to its focus on cost reduction and efficiency enhancement, implementation of comprehensive accounting management across all staff, and continuous efforts in three key dimensions: management efficiency, operational efficiency, and manufacturing efficiency. Despite facing multiple challenges including concentrated Grade A steel production and production capacity ramp-up, the company achieved notable improvements in production and operations.

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