Jiugang Hongxing: It is expected that the net profit will be a loss of 1.879 billion yuan in 2025.

JiuSteel Hongxing announcement, it is expected that the net profit attributable to the shareholders of the listed company will be a loss of approximately 1.879 billion yuan in 2025, and the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses will be a loss of approximately 1.842 billion yuan. In 2025, the steel industry core adopts the strategy of "reducing quantity, improving quality, and reshaping structure", showing characteristics of differentiated supply and demand, and fluctuating profit repair. On the demand side, the manufacturing industry is strong, while the construction industry is weak, with the stagnant real estate market dragging down the consumption of construction steel, and industries such as machinery and automobiles driving up the proportion of manufacturing steel consumption. The decrease in raw material prices supports improved profitability, but contradictions such as overcapacity and transformation pressure still exist, and policies guide the industry towards stable growth and structural adjustment.