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XD Inc. — Earnings Release 2024
Mar 28, 2025
50574_rns_2025-03-28_bb756a8e-c715-4e60-91f9-5281d30e921a.pdf
Earnings Release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
Chongqing Iron & Steel Company Limited
重慶鋼鐵股份有限公司
(a joint stock limited company incorporated in the People's Republic of China with limited liability)
（在中華人民共和國註冊成立的股份有限公司）
(Stock Code: 1053)
ANNOUNCEMENT ON THE OPERATING DATA FOR 2024
Pursuant to the relevant provisions of the "Guidelines No.3 of the Shanghai Stock Exchange on the Application of Self-Regulation Rules for Listed Companies – Industrial Information Disclosure", Chongqing Iron & Steel Company Limited (the "Company") hereby announces the operating data for 2024 as follows:
I. MAJOR FINANCIAL DATA
Unit: RMB'000
| 2024 | 2023 | Increase/ decrease for the current year over the last year (%) | 2022 | |
|---|---|---|---|---|
| Total asset | 35,479,244 | 37,357,035 | -5.03 | 39,364,800 |
| Net asset attributable to shareholders of the listed company | 16,606,636 | 19,854,331 | -16.36 | 21,341,918 |
| Revenue | 27,244,169 | 39,318,142 | -30.71 | 36,561,531 |
| Operating revenue net of business revenue not related to principal business and income lacking commercial substance | 26,997,779 | 39,030,451 | -30.83 | 36,273,788 |
| Net profit attributable to shareholders of the listed company | -3,195,561 | -1,494,417 | N/A | -1,019,409 |
| Net profit attributable to shareholders of the listed company after non-recurring items | -3,206,738 | -1,514,298 | N/A | -1,086,273 |
| Net cash flow from operating activities | 1,309,863 | 1,022,039 | 28.16 | 1,470,087 |
- 2 -
| 2024 | 2023 | Increase/ decrease for the current year over the last year (%) | 2022 | |
|---|---|---|---|---|
| Weighted average return on net assets (%) | -17.53 | -7.26 | Decreased by 10.27 percentage points | -4.66 |
| Basic earnings per share (RMB per share) | -0.36 | -0.17 | N/A | -0.11 |
| Diluted earnings per share (RMB per share) | -0.36 | -0.17 | N/A | -0.11 |
II. MAJOR PRODUCTS DATA
Unit: 0'000 tonnes
| Major products | Production | Sales | Average selling price (RMB per tonne, excluding taxes) |
|---|---|---|---|
| Plates | 236.99 | 235.54 | 3,547 |
| Hot rolling | 457.66 | 454.64 | 3,318 |
| Double high rods | 27.32 | 29.15 | 3,324 |
| Wire rods | 3.38 | 4.70 | 3,518 |
| Commodity billets | 35.94 | 35.91 | 2,893 |
| Total | 761.29 | 759.94 | 3,367 |
By order of the Board
Chongqing Iron & Steel Company Limited
Kuang Yunlong
Secretary to the Board
Chongqing, China, 28 March 2025
As at the date of this announcement, the directors of the Company are: Mr. Wang Huxiang (Executive Director), Mr. Meng Wenwang (Executive Director), Mr. Kuang Yunlong (Executive Director), Mr. Song De An (Non-executive Director), Mr. Lin Changchun (Non-executive Director), Mr. Zhou Ping (Non-executive Director), Mr. Sheng Xuejun (Independent Non-executive Director), Ms. Tang Ping (Independent Non-executive Director) and Mr. Guo Jiebin (Independent Non-executive Director).