Nisco(SH:600282) Ge Long Hui A P P·2025-10-27 09:28Core Insights - Minmetals South Steel's net profit attributable to shareholders for Q1-Q3 2025 reached 2.176 billion yuan, representing a year-on-year increase of 24.12% [1] - In Q3 2025, the net profit attributable to shareholders was 713 million yuan, showing a year-on-year increase of 37.12% but a quarter-on-quarter decrease of 19.37% [1] - The company maintained stable product sales and continued to see growth in gross profit margin, driven by high-end products and breakthroughs in the extension of the industrial chain [1] Financial Performance - The projected net profits for the company from 2025 to 2027 are 2.826 billion yuan, 3.092 billion yuan, and 3.452 billion yuan respectively [1] - The price-to-earnings (PE) ratios corresponding to the closing price on October 24 are 11x for 2025, 10x for 2026, and 9x for 2027 [1] Production and Capacity - As of September 2025, the company has achieved an annual production capacity of 120,000 tons for ultra-pure iron fine powder [1] - The first domestic production line for 9-series permanent magnet ferrite ultra-pure iron powder pre-burned material has successfully achieved mass production with an annual capacity of 10,000 tons [1] - All eight coke ovens in Indonesia's Jinrui New Energy and Jinxiang New Energy have been put into operation, with expectations for scale effects to materialize [1] Strategic Initiatives - The company is actively promoting product structure optimization and deepening its upstream industrial chain layout [1]