Angang Steel (00347) announced its interim results, with a net loss attributable to the parent of approximately 1.144 billion yuan, a year-on-year decrease of 57.46%.

Angang Steel (00347) released its mid-term performance for 2025, with operating income of 48.599 billion yuan, a decrease of 12.35% year-on-year; net losses attributable to shareholders of listed companies were approximately 1.144 billion yuan, a decrease of 57.46% year-on-year; basic earnings per share were a loss of 0.122 yuan. The production of iron, steel, and materials totaled 12.1643 million tons, 12.7908 million tons, and 12.0353 million tons respectively, representing an increase of 0.30%, a decrease of 0.53%, and a decrease of 0.52% compared to the same period last year. Sales of steel were 12.0211 million tons, an increase of 0.08% compared to the same period last year, achieving a steel production and sales rate of 99.88%. The announcement stated that the reduction in losses was mainly due to a certain improvement in the steel industry situation in the first half of 2025 compared to the previous year, but the overall oversupply situation in the steel market has not fundamentally improved. The company adheres to the central focus of reducing costs and increasing efficiency, focusing on "account-based management", emphasizing the construction of "five types of enterprises", increasing market development and product adjustment efforts, improving operational efficiency, tapping energy potential, optimizing procurement radius, focusing on systematic cost reduction, and enhancing the company's market competitiveness.