Nisco(SH:600282) Zhi Tong Cai Jing·2025-10-24 09:36Core 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]