HBIS Group: Net profit in the first half of 2025 decreased by 45.11% year-on-year.

Hesteel Resources Announcement: In the first half of 2025, the operating income of RMB 2.822 billion decreased by 13.33% year-on-year. Net profit was RMB 0.262 billion, a year-on-year decrease of 45.11%. The company plans to not distribute cash dividends, bonus shares, or increase capital reserves.