Shanxi Taigang Stainless Steel Issues Profit Decline Alert, Anticipates H1 Net Profit of 118-153 Million Yuan, Down 61.07%-69.97%

Shanxi Taigang Stainless Steel Co.,Ltd. (SHE: 000825) has released a preliminary forecast for its 2026 first-half financial results.

The company anticipates a net profit attributable to shareholders of between 118 million yuan and 153 million yuan for the six-month period ending June 30, 2026.

This projected figure represents a significant year-on-year decline of 61.07% to 69.97%.

The first half of 2026 has been a period of deep adjustment for the steel industry, characterized by weakening demand and rising costs for raw materials and fuel.

These factors have combined to further compress profit margins across the sector.

In response to the challenging and complex market conditions, the company has been rigorously implementing its "cost-accounting operations" strategy.

This approach focuses on lean manufacturing and enhancing quality and efficiency.

Management has dynamically adjusted the product mix, prioritizing an increase in the proportion of high value-added products to strengthen profitability.

Furthermore, the company has engaged in comprehensive benchmarking to identify gaps and has continuously optimized its production processes.

Measures such as promoting the use of economical furnace charges and improving control over energy consumption and logistics have been implemented to tap into internal cost-reduction potential.

These efforts have partially offset the operational pressure stemming from higher raw material and fuel prices.

Despite these mitigating actions, the company's operating performance for the period is still expected to show the aforementioned substantial decrease compared to the same period last year.