Youfa Group announced that from January to September 2026, the company achieved operating income of 39.079 billion yuan, a year-on-year increase of 2.86%; net profit to mother of 197 million yuan, a year-on-year decrease of 60.68%; and net cash flow from operating activities of 592 million yuan, an increase of 44.97% over the previous year. The changes in third-quarter results were mainly due to market demand falling short of expectations and falling product gross margin, compounded by losses due to changes in the fair value of financial investments. The company has completed the acquisition of 53% of Cangzhou Longtedi's shares and merged since September 1. The cumulative net profit for the next three years is not less than 420 million yuan. The company will increase the layout of high-value-added pipes and promote the release of production capacity at 14 major bases across the country.

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.