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Shandong Iron and Steel Co Ltd

Shandong Iron and Steel Co Ltd is a Chinese steel producer that offers products including thick plates, steel profiles, special steel, reinforcing steel, hot-rolled coils, cold-rolled coils and steel bars. These products serve industries such as automotive, petroleum, railways, bridges, construction, electricity, transportation, machinery, shipbuilding, light industry and household appliances. The company was formerly known as Jinan Iron & Steel Co Ltd. Founded in 2000 and headquartered in Jinan, China, it operates as a subsidiary of Shandong Iron & Steel Group Co Ltd.

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600022.CG

Shandong Iron and Steel's 2026 interim report shows net loss of 29.6 million yuan, narrowing year-on-year

Shandong Iron and Steel released its 2026 interim report, with net profit attributable to the parent company at a loss of 29.6 million yuan, narrowing the loss by 4.94 million yuan compared with the same period last year, marking a second consecutive year of improvement. The company's total operating revenue was 31.8 billion yuan, and net cash inflow from operating activities was 1.1 billion yuan. The latest asset-liability ratio was 64.36 percent, down 0.80 percentage points from the previous quarter; gross margin was 8.22 percent, up 0.34 percentage points from the previous quarter; ROE was negative 0.16 percent, an improvement of 0.03 percentage points from the same period last year. The company had 196,900 shareholders, and the top ten shareholders held 6.58 billion shares, accounting for 61.51 percent of total share capital.
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Shandong Steel Plans to Deregister Jinan Sales Subsidiary to Consolidate Regional Marketing Resources

Shandong Steel announced plans to deregister its Jinan sales subsidiary. The subsidiary was established on August 27, 2018, and primarily engaged in the sales of steel products and metal materials. The company stated that this move aims to consolidate regional marketing resources, reduce management costs, and improve overall operational efficiency. After deregistration, its business and personnel will be taken over by Jinan Shangang Steel Sales Co., Ltd., and it will not adversely affect the company's overall business development or profitability.
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