Magang Group: Net profit in the first quarter was 42.3665 million yuan.

Maanshan Iron and Steel announced that in the first quarter of 2026, operating income was 17.718 billion yuan, a year-on-year decrease of 8.79%. Net profit was 423.665 million yuan, compared to a loss of 144 million yuan in the same period last year. After deducting non-recurring gains and losses, net profit was -5.5478 million yuan, compared to -155 million yuan in the same period last year. Net cash flow from operating activities was 1.413 billion yuan, an increase of 434.12% year-on-year. Basic earnings per share was 0.01 yuan/share, compared to -0.02 yuan/share in the same period last year.