山东钢铁 (600022.SH) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	63.9B	67.3B	76.5B	90.5B	102.3B
Cost of Revenue	57.6B	60.9B	74.2B	86.9B	96.6B
Gross Profit	6.3B	6.3B	2.3B	3.6B	5.7B
Operating Expenses
R&D Expense	3.2B	2.8B	2.9B	2.1B	2.1B
SG&A Expense	—	—	—	—	—
General & Admin Expense	1.3B	1.4B	1.4B	1.2B	1.4B
Selling & Marketing Expense	301.7M	331.3M	335.1M	290.7M	267.1M
Other Expenses	—	—	—	—	—
Total Operating Expenses	5.8B	5.5B	5.6B	4.2B	4.5B
Cost and Expenses	63.4B	66.5B	79.8B	91.1B	101.1B
Operating Income (EBIT)	251.5M	539.1M	(3.1B)	(263.8M)	1.4B
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	—	—	—	—	—
Net Interest Income	—	—	—	—	—
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	198.0M	484.7M	(3.1B)	(98.2M)	1.5B
Income Tax Expense	(137.0M)	(93.2M)	(50.0M)	(27.6M)	90.3M
Bottom Line
Net Income	(22.0M)	105.9M	(2.9B)	(399.6M)	553.6M
Earnings from Cont. Ops	335.0M	577.9M	(3.1B)	(70.6M)	1.4B
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(22.0M)	105.9M	(2.9B)	(399.6M)	553.6M
Per Share
Basic EPS	(CN¥0.00)	CN¥0.01	(CN¥0.27)	(CN¥0.04)	CN¥0.05
Diluted EPS	(CN¥0.00)	CN¥0.01	(CN¥0.27)	(CN¥0.04)	CN¥0.05
Revenue Per Share	CN¥6.07	CN¥6.35	CN¥7.22	CN¥8.45	CN¥9.55
Shares
Basic Shares Outstanding	10.5B	10.6B	10.6B	10.7B	10.7B
Diluted Shares Outstanding	10.5B	10.6B	10.6B	10.7B	10.7B
Profitability Metrics
EBITDA	—	3.8B	(170.8M)	2.1B	3.7B
D&A	—	3.2B	3.0B	2.3B	2.4B
EBIT	—	—	—	—	—

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026