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Nanjing Iron & Steel Co Ltd

Nanjing Iron & Steel Co., Ltd. produces and sells steel and related products in China and internationally. Its offerings include corrosion-resistant steel materials used in oil and gas equipment, new energy, shipbuilding, marine engineering, automobile bearings and springs, engineering machinery, rail transit, bridges, and buildings. Founded in 1999, the company is headquartered in Nanjing, China, and operates as a subsidiary of Nanjing Nangang Iron & Steel United Co. Ltd.

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China
600282.CG

Nanjing Iron & Steel's controlling shareholder Nanjing Steel United to be absorbed by Nanjing Steel Group

Nanjing Iron & Steel announced that its controlling shareholder Nanjing Steel United is to be absorbed and merged by Nanjing Steel Group, which will acquire the 57.13% stake in the company held by Nanjing Steel United and 100% equity in Nanjing Steel United. After the transaction, the company's direct controlling shareholder will change from Nanjing Steel United to Nanjing Steel Group, while the actual controller CITIC Group remains unchanged. This absorption and merger is aimed at optimizing the equity structure and reducing corporate hierarchy, and will not have a material impact on the company's daily operations.
Nanjing Iron &…
600282.CG · Capital · Neutral Controlling shareholder Nanjing Steel United is absorbed by Nanjing Steel Group, changing the direct controlling shareholder but leaving actual controller CITIC Group unchanged with no material operational impact.
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China
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Nanjing Iron & Steel 2026 interim net profit 1.322 billion yuan, down 9.64% year-on-year

Nanjing Iron & Steel released its 2026 interim report, with net profit attributable to the parent company of 1.322 billion yuan, down 9.64% from the same period last year. Total operating revenue was 31.131 billion yuan, up 7.55% year-on-year; net cash inflow from operating activities was 1.543 billion yuan, down 31.87% year-on-year. The latest asset-liability ratio was 58.08%, gross margin was 13.23%, and diluted earnings per share was 0.21 yuan.
Nanjing Iron &… ▼
600282.CG · Capital · Negative Net profit down 9.64% year-on-year
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