HK Stock Market Move | CHONGQING IRON (01053) falls more than 3%, expecting a mid-term net loss attributable to the mother of 140 to 120 million yuan. The company integrates transformation of purchase and sales.

CHONGQING IRON (01053) fell more than 3%, as of the time of writing, it fell 2.7% to HK$1.44, with a turnover of HK$99.847 million. On the news front, on July 14th, CHONGQING IRON announced that the company expects to achieve a net loss attributable to shareholders of the listed company of RMB 120 million to RMB 140 million in the first half of 2025, compared to a loss reduction of RMB 549 million to RMB 569 million in the same period last year. The company expects to achieve a net loss attributable to shareholders of the listed company after deducting non-recurring gains and losses of RMB 130 million to RMB 150 million in the first half of 2025, compared to a loss reduction of RMB 541 million to RMB 561 million in the same period last year. The announcement stated that the main reasons for the substantial reduction in net loss attributable to the owner of the parent company in the first half of 2025 are: first, the integration and transformation of the purchase and sales system, rapid improvement in business capabilities: expanding near-source resources on the procurement side, implementing localized procurement, and seizing the opportunity of falling raw material prices to achieve a significant reduction in procurement costs; on the sales side, through agile purchase and sales linkage, deepening regional cooperation, optimizing product structure, and other measures, achieving breakthroughs in new customer development, market share, and product steel ratio in multiple dimensions. Second, significant cost control effectiveness: adhering to centralized production, promoting intensive production models, improving production line efficiency through detailed scheduling, strict process control, and reducing product manufacturing costs, the key production indicators such as blast furnace utilization rate, smelting cycle, and hot delivery rate in the first half of the year have been significantly improved.