Shandong Iron and Steel: It is expected that the annual net profit will turn from loss to profit by 2025.

Shandong Iron and Steel announced that, according to preliminary calculations, it is expected to achieve a net profit of approximately 571 million yuan in 2025. The net profit attributable to the owners of the parent company is expected to be around 100 million yuan, a turnaround from a loss of 2.891 billion yuan in the same period last year, with a year-on-year increase in profit of approximately 2.991 billion yuan.