Baosteel reports 40.5% jump in net profits for 2025

Baoshan Iron & Steel Co (Baosteel), the listed arm of the world's largest steelmaker, China Baowu Steel Group, reported an on-year increase of 40.5% in net profits to reach Yuan 10.35 billion ($1.51 billion) for 2025, while its revenues fell by a small 1.4% to Yuan 317.51 billion.

Table 1 Baosteel's business performance in 2025 (billion Yuan) Source: Baosteel In its statement, Baosteel attributed its profit surge to a number of factors including central government efforts on steel capacity control and policies aimed at boosting steel consumption through upgraded equipment renewal and trade-in subsidies, as well as to lower raw material prices especially