Angang Steel (00347) announced its performance for the first three quarters of the year, with a net loss attributable to shareholders of 2.04 billion yuan, a 59.87% decrease compared to the same period last year.

Angang Steel (00347) announced its performance for the first three quarters of 2025, with operating income of 73.092 billion yuan, a year-on-year decrease of 7.78%; net loss attributable to shareholders of the listed company was 2.04 billion yuan, a year-on-year decrease of 59.87%; basic loss per share was 0.218 yuan. The announcement stated that the company significantly reduced its losses, mainly due to facing pressure in the steel market. The company actively responded to the grim market situation, worked hard, overcame difficulties, focused on the construction of "five-type enterprises", enhanced operational efficiency, strengthened core technological research, market expansion, and transformation and upgrading; at the same time, measures such as adjusting product structure, optimizing procurement radius, timely purchasing, and strengthening systematic cost reduction have achieved certain results.