China Oriental Group forecasts FY2025 net profit of RMB270 million to RMB315 million

Reuters
Yesterday
<a href="https://laohu8.com/S/CUGCY">China Oriental</a> Group forecasts FY2025 net profit of RMB270 million to RMB315 million
  • China Oriental expects net profit to be RMB270 million to RMB315 million, up about 20% to 40% from RMB225 million.
  • Lower prices for major raw materials were cited, with declines described as steeper than the fall in average steel selling prices.
  • Management said lean initiatives focused on cost reduction and efficiency improvement contributed to the outlook.
  • A year-on-year rebound in production and sales volume of iron and steel products was also cited as a factor supporting gross profit.


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