KangLi International Holdings Limited reported a robust set of interim results for the six months ended 30 June 2026, underpinned by double-digit volume gains across its core steel product lines and a notable improvement in operating efficiency.
Revenue and Volume • Group revenue from continuing operations rose 22.8% year on year (YoY) to RMB 898.37 million, driven by a 24.7% surge in total product shipments to 168,775 tonnes. • Unpainted galvanised steel remained the largest contributor, generating RMB 453.13 million (up 23.0%) on 88,506 tonnes sold (+24.3%). • Painted galvanised steel delivered RMB 350.64 million (+24.5%) on 56,404 tonnes (+25.1%). • Hard steel coil revenue grew 16.1% to RMB 94.60 million, with volume up 25.0% to 23,865 tonnes. • Overall average selling price dipped 1.5% YoY to RMB 5,323 per tonne, but higher capacity utilisation and lower raw-material costs offset the price decline.
Profitability • Group gross profit advanced 66.1% to RMB 97.46 million; gross margin widened to 10.8% from 8.0% a year earlier. • Profit from continuing operations jumped to RMB 36.32 million, a 243.6% increase over RMB 10.57 million in H1 2025. Net margin improved to 4.0% (H1 2025: 1.4%). • Earnings per share rose to RMB 5.99 cents from RMB 1.74 cents.
Costs and Expenses • Selling expenses climbed 13.0% to RMB 36.12 million, reflecting higher freight outlays linked to greater volumes. • Administrative expenses were stable at RMB 10.15 million (–3.9% YoY). • Finance costs decreased 10.5% to RMB 6.51 million, aided by lower lending rates.
Balance-Sheet Highlights • Cash at bank and on hand stood at RMB 109.62 million. • Net current assets improved to RMB 677.94 million; current ratio remained firm at 1.9. • Total bank loans declined to RMB 368.90 million from RMB 414.32 million, reducing the gearing ratio to 0.4 from 0.5 at end-2025. • Financial assets at fair value through profit or loss totalled RMB 20.01 million, reflecting deployment into low-risk wealth-management products.
Dividend The Board declared an interim dividend of HK$0.09 per share, payable on or around 21 September 2026 to shareholders on record as of 9 September 2026.
Outlook Management flagged continuing domestic demand headwinds for white-goods-linked steel in H2 2026 but expects export orders for refrigerator and washing-machine applications to remain supportive. The company plans to sustain production efficiency and uphold strict cost control to protect margins.
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