Shougang Res announced the interim results for the six months ended June 30, 2024, showing significant decreases in revenue, gross profit, and net profit for the period compared to the same period last year. Revenue decreased from 3.442 billion Hong Kong dollars to 2.498 billion Hong Kong dollars, a 27% decrease; gross profit dropped from 2.233 billion Hong Kong dollars to 1.406 billion Hong Kong dollars, a 37% decrease; and net profit for the period also decreased from 1.519 billion Hong Kong dollars to 0.983 billion Hong Kong dollars, a 35% decrease. Basic earnings per share decreased from 24.40 HK cents to 17.00 HK cents. The company stated that the decrease in revenue and profit was mainly due to the decrease in sales volume of coking coal and the decline in average selling price. Nevertheless, the company still maintains a strong cash net value balance and actively addresses market challenges to ensure smooth operation of production and management.

Shougang Res announced the interim results for the six months ended June 30, 2024, showing significant decreases in revenue, gross profit, and net profit for the period compared to the same period last year. Revenue decreased from 3.442 billion Hong Kong dollars to 2.498 billion Hong Kong dollars, a 27% decrease; gross profit dropped from 2.233 billion Hong Kong dollars to 1.406 billion Hong Kong dollars, a 37% decrease; and net profit for the period also decreased from 1.519 billion Hong Kong dollars to 0.983 billion Hong Kong dollars, a 35% decrease. Basic earnings per share decreased from 24.40 HK cents to 17.00 HK cents. The company stated that the decrease in revenue and profit was mainly due to the decrease in sales volume of coking coal and the decline in average selling price. Nevertheless, the company still maintains a strong cash net value balance and actively addresses market challenges to ensure smooth operation of production and management.