Core Insights - The company reported a net profit of 2.176 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 24.12%, nearing the total profit level for 2024 [1] - The return on equity (ROE) improved to 8.12%, up by 1.41 percentage points year-on-year [1] - In Q3 alone, the net profit reached 713 million yuan, a year-on-year growth of 37.12%, with a non-recurring net profit of 666 million yuan, reflecting a quarter-on-quarter increase of 2.42%, the best quarterly performance since Q3 2022 [1] Production and Strategy - The total steel output for the first three quarters was 6.949 million tons, with Q3 production increasing by over 14% compared to Q1, indicating recovery from maintenance impacts [1] - The company is focusing on high-end product development, with a shift in product structure: the proportion of construction materials has decreased from 20% in 2021 to less than 10%, while the share of special steel long products has risen from 29% to 36% [1] - The company is actively promoting low-carbon steel and has received a sustainability award from Schaeffler [1] Innovation and Digital Transformation - The company has made significant advancements in high-end steel materials, supplying the world's largest container ship with 95mm thick crack-resistant steel and achieving the global first application of 100mm thick crack-resistant steel [2] - The company is leveraging digital transformation to enhance operational efficiency, optimizing the interfaces of raw materials, iron, steel, and customer interactions [2] - The digital platform has led to stable high-efficiency operations in key production processes, with overall cost reductions across the supply chain [2] Future Outlook - Despite industry challenges, the company aims to maintain its competitive edge through high-end upgrades and digital-driven strategies, focusing on cultivating new productive forces [3] - The company is committed to high-quality and sustainable development, aspiring to become a respected and favored listed company among investors [3]

Core Insights - The core point of the article is the financial performance of Nanjing Steel Co., Ltd. (南钢股份) for the first three quarters of 2025, highlighting a decrease in revenue but an increase in net profit, attributed to strategic improvements in production and sales [1] Financial Performance - Nanjing Steel reported an operating revenue of approximately 43.283 billion yuan, a year-on-year decrease of 12.19% [1] - The net profit attributable to shareholders was about 2.176 billion yuan, reflecting a year-on-year increase of 24.12% [1] - The weighted average return on net assets was 8.12%, an increase of 1.41 percentage points year-on-year [1] Asset and Equity Growth - As of the end of the reporting period, total assets amounted to 70.128 billion yuan, representing a growth of 1.48% compared to the end of the previous year [1] - The equity attributable to shareholders was 26.962 billion yuan, which is a 3.59% increase from the end of the previous year [1] Production and Sales Metrics - For the period from January to September 2025, steel production was 6.949 million tons, showing a slight decrease of 0.11% year-on-year [1] - Steel sales reached 6.8539 million tons, down by 1.28% compared to the previous year [1] - The average selling price of steel was 3,974.23 yuan per ton (excluding tax), which represents a year-on-year decline of 9.84% [1] Strategic Focus - The profit growth is attributed to the company's focus on increasing the sales proportion of advanced steel materials, lean production, cost reduction, and efficiency enhancement [1] - The company is also concentrating on optimizing product structure and innovating business models [1]

Group 1 - The core point of the article is that China Citic Limited (00267.HK) announced the financial performance of Nanjing Steel Co., Ltd. (600282.SH) for the period from January to September 2025, highlighting a decline in revenue but an increase in net profit [1] Group 2 - Nanjing Steel achieved an operating income of 43.283 billion yuan, representing a year-on-year decrease of 12.19% [1] - The net profit attributable to shareholders of Nanjing Steel was 2.176 billion yuan, showing a year-on-year increase of 24.12% [1] - The basic earnings per share for Nanjing Steel was reported at 0.353 yuan [1]

Core Viewpoint - Nanjing Steel Co., Ltd. (600282) reported a decline in revenue for Q3 2025, but a significant increase in net profit, indicating effective cost management and product optimization strategies [1] Financial Performance - Q3 2025 revenue was 14.339 billion yuan, a year-on-year decrease of 8.16% [1] - Q3 2025 net profit reached 713 million yuan, a year-on-year increase of 37.12% [1] - Revenue for the first three quarters of 2025 totaled 43.283 billion yuan, down 12.19% year-on-year [1] - Net profit for the first three quarters of 2025 was 2.176 billion yuan, up 24.12% year-on-year [1] - Basic earnings per share for the period were 0.353 yuan [1] Strategic Focus - The company is steadily increasing the proportion of advanced steel material sales [1] - Emphasis on lean production to reduce costs and improve efficiency [1] - Focus on product leadership and key sectors, continuously optimizing product mix and innovating business models [1]

Core Insights - CITIC Limited (00267) reported Nanjing Steel Group's (600282.SH) performance for the first three quarters of 2025, showing a revenue of approximately 43.283 billion yuan, a year-on-year decrease of 12.19% [1] - The net profit attributable to shareholders was about 2.176 billion yuan, reflecting a year-on-year increase of 24.12% [1] - The weighted average return on net assets was 8.12%, an increase of 1.41 percentage points year-on-year [1] Financial Performance - Total assets of Nanjing Steel Group reached 70.128 billion yuan, a growth of 1.48% compared to the end of the previous year [1] - Shareholders' equity attributable to the company was 26.962 billion yuan, up 3.59% from the end of the previous year [1] Production and Sales - Steel production for the period was 6.949 million tons, a slight decrease of 0.11% year-on-year [1] - Steel sales amounted to 6.8539 million tons, down 1.28% year-on-year [1] - The average selling price of steel was 3,974.23 yuan per ton (excluding tax), a decrease of 9.84% year-on-year [1] Strategic Focus - The profit growth was attributed to the company's steady increase in the sales proportion of advanced steel materials, focus on lean production, cost reduction, and efficiency enhancement [1] - The company emphasized leading products and key areas, continuously optimizing product structure and innovating business models [1]

证券代码：600282 证券简称：南钢股份 公告编号：临 2025-058 南京钢铁股份有限公司 | 品种 | | 经营指标 | 2025 年 | 2024 年 | 增减幅度 | | --- | --- | --- | --- | --- | --- | | | | | 月 7-9 | 月 7-9 | （%） | | | 合金钢棒材 合金钢线材 | 产量（万吨） 产量（万吨） | 50.60 13.53 | 43.29 12.08 | 16.89 12.02 | | | | 销量（万吨） | 49.13 | 42.06 | 16.82 | | | | 平均售价（元/吨）（不含税） | 3,872.98 | 4,065.83 | -4.74 | | 特钢长材 | | 销量（万吨） | 13.38 | 12.31 | 8.76 | | | | 平均售价（元/吨）（不含税） | 4,003.46 | 4,163.07 | -3.83 | | | 合金钢带材 | 产量（万吨） | 25.48 | 19.62 | 29.85 | | | | 销量（万吨） | 25.13 | 19.73 | 27.37 | | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 一、公司主要财务数据 注 1："本报告期"指本季度初至本季度末 3 个月期间，下同。 海外監管公告 此乃南京鋼鐵股份有限公司在二零二五年十月二十四日登載於中 華人民共和國上海證券交易所網站（www.sse.com.cn）關於 2025 年第三季度主要經營數據的公告。南京鋼鐵股份有限公司為中國 中信股份有限公司的附屬公司。 证券代码：600282 证券简称：南钢股份 公告编号：临 2025-058 南京钢铁股份有限公司 关于 2025 年第三季度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露》的 相关规定，南京钢铁股份有限公司（以下简称公司）现将 2025 年第三季度的主 要经营数据公告如下： | | | | | 单位：元 币种：人民币 ...

Revenue and Profit - In Q3 2025, the company's revenue was CNY 14.34 billion, a decrease of 8.16% year-on-year, while the total revenue for the first nine months was CNY 43.28 billion, down 12.19% compared to the same period last year[2]. - The total profit for Q3 2025 reached CNY 885.80 million, an increase of 40.02% year-on-year, and the net profit attributable to shareholders was CNY 713.31 million, up 37.12% year-on-year[2][7]. - The company's basic earnings per share for Q3 2025 was CNY 0.1157, reflecting a 37.12% increase compared to the same period last year[2]. - Net profit for the first three quarters of 2025 reached CNY 2.09 billion, an increase of 18.2% from CNY 1.77 billion in the same period of 2024[20]. - The company reported a total comprehensive income of CNY 2.09 billion for the first three quarters of 2025, compared to CNY 1.38 billion in the same period of 2024, indicating a significant increase[20]. Financial Ratios and Returns - The weighted average return on equity increased to 2.64% in Q3 2025, up 0.61 percentage points year-on-year, while the return on equity for the first nine months was 8.12%, an increase of 1.41 percentage points[2][3]. - Earnings per share for the first three quarters of 2025 were CNY 0.3530, compared to CNY 0.2844 in the same period of 2024, reflecting a growth of 24.2%[20]. Assets and Liabilities - The company's total assets at the end of Q3 2025 were CNY 70.13 billion, a 1.48% increase from the end of the previous year, and the equity attributable to shareholders was CNY 26.96 billion, up 3.59%[3][7]. - The total liabilities as of the reporting date were CNY 41.52 billion, slightly up from CNY 41.32 billion at the end of the previous period[19]. - Total liabilities rose to CNY 35,030,929,075.43, up from CNY 31,880,377,134.12, marking an increase of about 9.67%[14]. - The company's short-term borrowings increased to CNY 17,033,759,232.96 from CNY 14,444,279,217.95, representing a rise of approximately 11.03%[14]. - The company's long-term borrowings decreased from CNY 7.06 billion to CNY 4.21 billion, a reduction of 40.5%[19]. Cash Flow - The cash flow from operating activities for the first nine months increased by 85.56% year-on-year, amounting to CNY 3.14 billion[6]. - In the first three quarters of 2025, the cash inflow from operating activities was CNY 43.64 billion, an increase of 5.5% compared to CNY 41.22 billion in the same period of 2024[22]. - The net cash flow from operating activities reached CNY 3.14 billion, up 85.7% from CNY 1.69 billion year-on-year[22]. - Cash inflow from financing activities totaled CNY 28.99 billion, an increase of 26.5% compared to CNY 22.90 billion in 2024[23]. - The net cash flow from financing activities was -CNY 2.82 billion, compared to a positive net flow of CNY 332.11 million in the previous year[23]. Production and Sales - The steel production for the first nine months was 6.95 million tons, a slight decrease of 0.11% year-on-year, while the sales volume was 6.85 million tons, down 1.28%[8]. - The average selling price of steel was CNY 3,974.23 per ton, a decrease of 9.84% compared to the previous year[8]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 1.76 billion, a decrease of 7.6% compared to CNY 1.90 billion in the same period of 2024[19]. Non-Recurring Gains - The company reported non-recurring gains of CNY 47.45 million for the current period, with total non-recurring gains for the year-to-date amounting to CNY 361.33 million[5]. Inventory and Receivables - The company's inventory stood at CNY 7,879,868,921.38, showing a decrease from CNY 8,346,349,386.16[13]. - The company reported a significant increase in receivables, with accounts receivable rising to CNY 3,832,894,252.54 from CNY 3,381,233,196.68, an increase of about 13.31%[13]. Accounting Standards - The company did not apply new accounting standards for the year 2025[24].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 海外監管公告 此乃南京鋼鐵股份有限公司在二零二五年十月二十四日登載於中 華人民共和國上海證券交易所網站（www.sse.com.cn）關於 2025 年第三季度報告。南京鋼鐵股份有限公司為中國中信股份有限公 司的附屬公司。 南京钢铁股份有限公司2025 年第三季度报告 证券代码：600282 证券简称：南钢股份 南京钢铁股份有限公司 2025 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会及董事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （ ...

Core Insights - The company reported a third-quarter revenue of 14.339 billion, a year-on-year decrease of 8.16% [1] - The net profit for the third quarter was 0.713 billion, showing a year-on-year increase of 37.12% [1] - For the first three quarters, the total revenue was 43.283 billion, reflecting a year-on-year decline of 12.19% [1] - The net profit for the first three quarters reached 2.176 billion, which is a year-on-year increase of 24.12% [1] Financial Performance - Third-quarter revenue: 14.339 billion, down 8.16% year-on-year [1] - Third-quarter net profit: 0.713 billion, up 37.12% year-on-year [1] - Year-to-date revenue (first three quarters): 43.283 billion, down 12.19% year-on-year [1] - Year-to-date net profit (first three quarters): 2.176 billion, up 24.12% year-on-year [1]