According to the Zhitong Finance App, Chongqing Iron & Steel Co., Ltd. (01053) announced interim results for the six months ended June 30, 2026. The group's revenue was RMB 11.826 billion, a year-on-year decrease of 9.62%; net loss to mother was RMB 179 million, an increase of 36.55%; and a basic loss of 0.02 yuan per share.
The bottom of operations continued to recover, and losses were reversed in a single quarter in the second quarter. The company's large losses in the first quarter were effectively curbed, and production and sales, costs, and sales prices improved simultaneously in the second quarter, achieving profit in a single quarter. Compared with 2025, the competitiveness of the industry has been steadily restored: in January-June, the industry ranking for ton steel profit and return on net assets all increased by 13 points compared to last year; the Steel Association industry's share values in hot coil and thick plate sales prices increased by 10 and 5 places respectively.
Energy control and process optimization have gone hand in hand, and breakthroughs have been achieved in core indicators. Energy control and manufacturing process improvements achieved remarkable results in June: the cost of outsourced energy was reduced by 27 yuan/t compared to 2025, a record low; the blast furnace fuel ratio was reduced by 20 kg/t, the lowest record in nearly 2 years; the converter smelting cycle was shortened by 3.48 minutes, setting a new historical record; and the utilization rate of waste material in the rolling mill's 4100mm thick plate production line hit a new high in a single month.
Product channels are continuously optimized, and risk hedging capabilities are enhanced. High-end technology accelerated, and the share of high-value-added steel in the first half of the year increased by 17 and 9 percentage points, respectively, compared to 2025. Price locking efforts have increased, and price locking orders for hot rolls and medium and heavy plates each increased by 9 percentage points over the same period last year, effectively calming down fluctuations in spot prices. Direct terminal supply continues to expand, greatly reducing intermediate profit loss.