LiuGang Co., Ltd.: Net profit in the first quarter increased by 594.67% year on year.

LiuGang Corporation announced that in the first quarter of 2025, its operating income was 17.119 billion yuan, a year-on-year decrease of 14.36%; the net profit attributable to shareholders of the listed company was 260 million yuan, a year-on-year increase of 594.67%. The main reason for the increase in net profit is the decrease in raw material market prices, as well as the company's implementation of a series of cost reduction and efficiency improvement measures such as vigorously promoting lean management and optimizing operations, effectively reducing the cost of raw material procurement and processing, and increasing product efficiency.