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SHA:600010

10 stories mentioning SHA:600010Updated 24d ago

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Asia

Inner Mongolia Baotou Steel Union's Attributable Profit Rises 85% in H1

Inner Mongolia Baotou Steel Union (SHA:600010) attributable profit rose 85% to 279.4 million yuan in the first half from 151.3 million yuan in the year-ago period, according to a Thursday filing with the Shanghai Stock Exchange.Earnings per share at the steel mill increased to 0.0062 yuan from 0.0033 yuan in the prior-year period.Operating revenue declined 11% year over year to 28 billion yuan from 31.3 billion yuan.

SHA:600010
Asia

Baotou Steel Flags 67 Million Yuan in Direct Economic Losses From Fatal Mill Blast

Inner Mongolia Baotou Steel Union (SHA:600010) expects to incur 67.2 million yuan in direct economic losses following a steel mill explosion on Jan. 18 that killed at least 10 people and injured 84 others, according to a Monday disclosure to the Shanghai bourse.The probe, concluded Sunday, subjected seven personnel to "compulsory measures by judicial authorities," with two others to be transferred to judicial authorities for further processing.Seventeen others would receive administrative penalties, of whom 14 would receive sanctions by the Communist Party, the steel mill said in its filing.Long-term internal corrosion, high stress, and fatigue led to the leak that triggered the explosion, the probe found.The steelmaker said production lines involved in the accident have since resumed operation. The related asset losses and personnel injuries are insured, and the insurance claims process is underway, the company added.Shares rose nearly 1% during morning trading on Monday.

SHA:600010
Asia

Inner Mongolia Baotou Steel Unit Pays 324 Million Yuan in Tax Arrears

Inner Mongolia Baotou Steel Union (SHA:600010) said a subsidiary paid back taxes of about 324.4 million yuan, according to a Tuesday filing with the Shanghai bourse.The subsidiary's back taxes include payments for VAT, additional taxes, water conservancy construction, and late payment penalties.The tax payment will impact the steel mill's 2026 profit by 233.5 million yuan.Shares rose 2% during the midday break on Tuesday.

SHA:600010
Asia

Inner Mongolia Baotou Steel Union Sets Q3 Rare Earth Concentrate Price; Shares Up 4%

Inner Mongolia Baotou Steel Union (SHA:600010) set its third-quarter rare earth concentrate related-party transaction price at 38,565 yuan per ton.The quarterly adjustment reflected oxide market prices in Q2, according to a Thursday filing with the Shanghai bourse.Shares of the steel company 4% in recent trade.

SHA:600010
Asia

Inner Mongolia Baotou Names CFO; Shares Up 4%

Inner Mongolia Baotou Steel Union (SHA:600010) appointed Chang Guoxing chief financial officer, according to a Friday disclosure on the Shanghai bourse.Chang will take over from Liu Mi, who also stepped down as director of the company.The steel company's chairman, Zhang Zhao, and general manager, Guo Wei, stepped down, but Guo will remain employed.Chen Wenzhuo was nominated as a candidate for chairman.The company's shares jumped 4% during the midday trade.

SHA:600010
Asia

Baotou Steel Union Swings to Loss in Q1

Inner Mongolia Baotou Steel Union (SHA:600010) swung year on year to a net loss attributable to shareholders of 462.7 million yuan, or 0.0102 yuan per share, in the first quarter, according to a Shanghai bourse filing on Wednesday.The steel company posted an attributable profit of almost 45 million yuan, or 0.0010 yuan per share, a year earlier.Operating revenue fell 14% to 13.3 billion yuan from 15.4 billion yuan in the previous year.

SHA:600010
Asia

Inner Mongolia Baotou Steel Union Expects Up to 23 Billion Yuan in Daily Procurements in 2026

Inner Mongolia Baotou Steel Union (SHA:600010) forecasts its daily related-party procurements to reach 23.1 billion yuan in 2026, according to a Saturday disclosure to the Shanghai bourse.Sales in 2026 is expected to reach 26.3 billion yuan.

SHA:600010
Asia

Inner Mongolia Baotou Steel Union to Renew Financial Services Deal With Baogang Group Finance

Inner Mongolia Baotou Steel Union (SHA:600010) plans to renew its financial services agreement with Baogang Group Finance for three more years, according to a Shanghai bourse filing on Saturday.The Chinese metal smelter's shares rose less than 1% at the close of Monday's trade.The financial services will include deposit services, which will have a daily maximum deposit balance of up to 5 billion yuan, bill acceptance capped at 1.9 billion yuan and loan services that have a daily credit balance cap of up to 5 billion yuan.

SHA:600010
Asia

Inner Mongolia Baotou Steel Union 2025 Profit Up 41%, Revenue Down 3%

Inner Mongolia Baotou Steel Union (SHA:600010) posted 2025 attributable net profit of 373.6 million yuan, up 41% from 264.6 million yuan the previous year.Earnings per share rose to 0.0083 yuan from 0.0058 yuan, according to a filing with the Shanghai bourse.Operating revenue declined 2.5% year over year to 66.4 billion yuan from 68.1 billion yuan.Shares of the metal smelter were down 1% in recent trade.

SHA:600010
Asia

Chinese Rare-Earth Companies Finish High on Increases in Q2 Prices

Chinese rare-earth companies saw spikes in their closing prices on Monday following an increase in their second-quarter product prices.Inner Mongolia Baotou Steel Union (SHA:600010) finished 5% higher, while China Northern Rare Earth Group High-Tech (SHA:600111) closed at 1% higher.The companies said their rare earth concentrates were priced at 38,804 yuan per ton, according to separate Saturday filings with the Shanghai bourse.The increases come as Beijing applied retaliatory export curbs following tariffs by U.S. President Donald Trump, according to a separate Bloomberg report Monday.

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