Nanggang Co., Ltd. 2025 Net Profit Exceeds 2.8 Billion Yuan; Annual Planned Cumulative Cash Dividends of 1.577 Billion Yuan

High-end products account for over 30%, profit growth hits a recent high, and dividend payout ratio significantly increases—Nangang Steel Co., Ltd. (600282) delivers a valuable 2025 performance report. On the evening of March 16, the company announced that in 2025, it achieved operating revenue of 57.994 billion yuan, with net profit attributable to shareholders of 2.867 billion yuan, up 26.83% year-over-year.

Matching the performance growth, the company has significantly increased its shareholder returns. Building on the cash dividends already paid in mid-2025, the company plans to distribute a cash dividend of 1.372 yuan (tax included) per 10 shares in the second half of the year, with a dividend payout ratio of 60.22%. The total cash dividends for the year will amount to 1.577 billion yuan, accounting for 55% of the net profit attributable to the parent company, marking a clear increase in dividend levels compared to previous years.

As a company focused on premium special steel, Nangang Steel continues to uphold the development philosophy of “precision” and “specialization.” In 2025, R&D investment reached 2.335 billion yuan, accounting for 4.03% of operating revenue. High-intensity R&D efforts are accelerating the transformation into core competitiveness. Acid-resistant pipeline steel has become the company’s third “manufacturing champion product,” and it is the first domestic enterprise to pass Saudi Aramco certification and supply to its offshore engineering projects, marking a key leap in the company’s international competitiveness in high-end specialty steel.

From a product structure perspective, advanced steel materials have become the “ballast” for profit growth. In 2025, sales of such products reached 2.8265 million tons, an increase of 8.09% year-over-year, accounting for 30.45% of total steel product sales, with a 2.42 percentage point increase. Notably, advanced steel materials, with a gross profit margin of 20.88%, contributed a total gross profit of 3.004 billion yuan, nearly half of the company’s total steel product gross profit.

Since the “14th Five-Year Plan,” Nangang Steel’s high-end transformation has been steady. The proportion of advanced steel materials sales has risen from 17% to over 30%, with sales volume increasing by more than 56%. Meanwhile, the output share of low-value-added construction materials has shrunk from 20% to 9%, and the share of special steel long products has increased from 29% to 36%. Between increases and decreases, the product matrix is clearly shifting toward higher value-added fields.

The breakthrough in high-end products is also reflected in specific projects. Acid-resistant pipeline steel has become the company’s third “manufacturing champion product,” and the company is the first domestic enterprise to pass Saudi Aramco certification and supply offshore engineering projects, achieving a critical leap in international competitiveness.

While focusing on core businesses, Nangang Steel is building a complex industrial ecosystem around three main directions: supply chain, intelligent manufacturing services, and green low-carbon initiatives, enabling mutual empowerment within the steel industry.

Resource integration in the supply chain continues. Jinan Mining successfully acquired exploration rights for Fanchao Iron Mine, strengthening iron ore resource security; Anhui Green Source has built the country’s first 9-series permanent magnet ferrite ultra-pure iron pre-sintering line, making important breakthroughs in key permanent magnet materials technology.

In digital and intelligent transformation, the company partnered with Huawei to launch the industry’s first “Yuan·Yie” large model architecture for steel, independently developed the “Refining Data into Gold” management platform, and achieved data asset capitalization of 23.24 million yuan. In intelligent manufacturing services, Jinheng Technology has developed and applied over 50 AI models, with several products reaching international leading or advanced levels; Xin Zhi Chain’s “Data-Driven Trustworthy Data Space for the Steel Industry Chain” project won third place in the 2025 “Data Elements×” national competition.

Green and low-carbon initiatives have become a core competitive advantage. The company has been rated as a Class A environmental performance enterprise in Jiangsu Province for three consecutive years, with self-generated power ratio rising to 60.9% in 2025, a record high. It has collaborated with Beijing University of Science and Technology to implement the world’s first industrial-scale biomass carbon injection blast furnace, providing an innovative path for carbon reduction in the steel industry. Additionally, the company has built a full lifecycle product platform and the EU “Carbon Border Adjustment Mechanism” (CBAM) digital system, with its steel product carbon footprint calculation system receiving international DNV certification.

Looking ahead, Nangang Steel states it will continue to leverage “high intelligence and green” as engines and “precision and specialization” as foundations, accelerating the cultivation of new quality productivity and building a globally competitive advanced materials intelligent manufacturing enterprise.