According to the Zhitong Finance App, Sangang Minguang (002110.SZ) released the 2026 semi-annual results forecast. The company expects to achieve a loss of 197 million yuan in net profit attributable to shareholders of listed companies for the semi-year 2026, changing from profit to loss over the previous year.

In the first half of 2026, both supply and demand in the domestic steel market were weak. The overall supply of the industry exceeded demand, steel prices fluctuated at a low level, raw fuel prices were running high, and the profit space of the steel industry was squeezed. Faced with the severe situation, the company strengthened internal management, insisted on reducing costs and increasing efficiency throughout the process, continuously optimizing the product structure, and promoting green and low-carbon development and digital transformation in an orderly manner, and achieved certain results. However, the narrowing of the gap between raw fuel costs and steel prices still had a direct impact on the decline in the company's gross margin.

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