Jiugang Hongxing announced that net profit attributable to shareholders of listed companies for the first half year of 2026 is expected to be a loss of about 210 million yuan, a loss of about 439 million yuan compared with the same period last year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss is about 251 million yuan, a loss of about 415 million yuan compared with the same period last year. In the first half of 2026, supply and demand in the domestic steel industry were weak, steel prices continued to fluctuate low, raw fuel prices such as iron ore and coal remained high, and profits in the steel industry were under pressure.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.