According to Zhitong Finance App News, Baogang Co., Ltd. (600010.SH) disclosed its 2026 semi-annual report. During the reporting period, the company achieved operating income of 28.034 billion yuan, a year-on-year decrease of 10.52%; net profit attributable to shareholders of listed companies was 279 million yuan, up 84.61% year on year; after deducting non-net profit of 445 million yuan, up 316.37% year on year; basic earnings per share were 0.0062 yuan.
Adhering to the goal of “specialized market, refined products, and detailed service”, 9 IPD project teams including pure industrial iron and rare earth steel rails were determined, 23 market-required steel types were developed and put into the market; implementing a new rare earth steel material multiplication plan, rare earth steel increased to 67 varieties, and 6 products, including rare earth bridge steel and rare earth heavy duty rail, achieved the first launch in the industry, and the influence of the rare earth steel brand continued to increase. The variety structure was optimized, and the order volume of grade steel increased by 38.02% year on year to meet the demand for steel in the downstream market; accelerating marketing model innovation and carrying out “circle expansion” actions for emerging industries. Direct supply of steel products to a national marine oil platform, pipeline steel was included in Sinopec's Shashi Steel Pipe Qualified Supplier List 2026, and the pace of transformation into a new steel material supplier and comprehensive solution service provider was further accelerated.