Citic Pacific Special Steel Group Co., Ltd. Class ASZSE: 000708

Citic Pacific Special Steel Group Co: Net profit fell 10.4% to ¥5.13 billion, but cash flow and dividends remained strong

· Issued by Citic Pacific Special Steel Group Co., Ltd. Class A

Revenue fell 4.2% to ¥109.2 billion and net profit dropped 10.4% to ¥5.13 billion year-over-year, but the company maintained industry-leading profitability and strong cash flow. R&D investment rose to 4.21% of revenue, and a ¥2.56 billion cash dividend was proposed.

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