Chongqing Iron and Steel released its 2026 interim report. First-half operating revenue was 11.826 billion yuan, down 9.6% year on year, while net loss attributable to the parent widened to 179 million yuan from a loss of 131 million yuan in the same period last year. In the second quarter, operating revenue was 6.94 billion yuan, up 7.2% year on year, and net profit attributable to the parent swung to a profit of 20.25 million yuan. As of the end of the second quarter, total assets were 32.813 billion yuan, up 2.3% from the end of the previous year, and net assets attributable to the parent were 14.746 billion yuan, up 6.0%. The company said that although the steel industry remains oversupplied, cost-reduction measures enabled it to return to a quarterly profit in the second quarter, with operating performance continuing to recover from the bottom.
Chongqing Iron & Steel Co Ltd Class AH1 revenue fell 9.6% and net loss widened to 179 million yuan, though Q2 swung to a 20.25 million yuan profit on cost cuts.
