Core Insights - Shougang Resources (00639) reported a mid-year performance for 2025 with revenue of approximately HKD 2.101 billion, a year-on-year decrease of 17% [1] - Gross profit fell to HKD 642 million, representing a significant decline of 55% compared to the previous year [1] - Profit attributable to shareholders was HKD 404 million, down 52% year-on-year, with basic earnings per share at HKD 0.0794 and an interim dividend of HKD 0.06 per ordinary share [1] Revenue Analysis - The decrease in revenue was primarily attributed to a substantial drop of 45% in the average selling price of premium coking coal, which offset a 16% increase in sales volume and the positive impact of expanding coal trading operations [1] Profitability Factors - The significant reduction in profit was mainly due to the 55% decline in gross profit, amounting to approximately HKD 791 million [1] - Additionally, the decrease in the proportion of fire transportation sales, along with effective cost measures, led to a reduction in sales and distribution expenses by approximately HKD 34 million year-on-year [1] - Foreign exchange gains increased by approximately HKD 31 million year-on-year, while the provision for withholding tax on dividends decreased by about HKD 26 million due to a decline in profits from a major subsidiary established in China [1]
首钢资源公布中期业绩 公司拥有人应占溢利4.04亿港元 同比减少52%