Baosteel - 2026Q1 - titanstockanalysis.com

Here are the key operational updates and outlook for Baoshan Iron & Steel (600019.SS):

Key Developments in Q1 2026

Technological Transformation: Launched and applied the world’s first AI-powered smart blast furnace, achieving data-driven proactive forecasting and process optimization; a total of 122 AI scenarios have been implemented in Q1.
Product Mix: Continued growth in high-end products, with sales of “2+2+N” products reaching 8.619M tonnes (an increase of 0.377M tonnes YoY); the company became the first in China to receive CCS polar certification for high-strength marine steel.
Green and Low-Carbon Initiatives: Various production bases were selected as the first batch of leading standard enterprises; substantive progress was made on near-zero carbon production lines and zero-carbon electric furnace lines.
Operational Strategy: Export orders reached 1.961M tonnes, an increase of 0.416M tonnes YoY, while the company also advanced the utilization of strategic iron ore resources from the Simandou project.

Profitability Improvement: With the continued advancement of industrial restructuring in the steel sector and the orderly exit of backward production capacity, industry competitive dynamics are expected to continue improving.
Cost Reduction and Efficiency: The company has set an annual target of 34.86M tonnes for “2+2+N” product sales and is striving to achieve a reduction in cost per tonne of steel by more than 100 RMB compared to the previous quarter.
Market Demand: Driven by consumer demand and expansion in overseas markets, the company’s revenue and profitability are expected to see recovery and growth in subsequent quarters.

According to consensus analyst forecasts (as of mid-June 2026):

The estimated EPS for 2026 is 0.54 RMB.
This forecast reflects an expected annual net profit growth of approximately 13.94% compared to last year, driven by the company’s green manufacturing transformation and increased sales of high-end steel.