Jiuli Special Materials announced that net profit attributable to shareholders of listed companies for the first half year of 2026 is estimated to be 372 million yuan to 414 million yuan, down 50.00% to 55.00% from 828 million yuan in the same period last year; net profit after deducting non-recurring profit and loss is 142 million yuan to 181 million yuan, down 77.00% to 82.00% from 787 million yuan in the same period last year. The decline in performance was mainly due to phased weak demand under the industry structure optimization and adjustment cycle, delays in delivery of overseas orders, rising logistics and labor costs, and concentrated revenue generation in pipeline steel pipe projects during the same period last year.

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