Shandong Iron and Steel: Net profit in 2025 is 106 million yuan, turning from a loss to a profit year-on-year.

Shandong Iron and Steel announced that its operating income in 2025 was 67.253 billion yuan, a year-on-year decrease of 12.11%; net profit was 106 million yuan, compared to a net loss of 2.894 billion yuan in the same period last year. As of December 31, 2025, the accumulated undistributed profit of the company's parent company was -1.48 billion yuan, with unrecovered losses. According to the "Company Law", relevant regulations of the China Securities Regulatory Commission, and the company's articles of association, the company currently does not have the conditions to implement cash dividends.