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Beijing Shougang Co Ltd

Beijing Shougang Co., Ltd. manufactures and sells steel and other by-products in Mainland China and Hong Kong. Its product range includes oriented and non-oriented electrical steel, hot-rolled pickling sheets, weather-resistant and automobile structural steels, pipeline and carbon special steel, bridge, energy, marine and offshore steel, automobile sheets, tin sheets, cold-rolled special-use plates, and color-coated sheets. The company also engages in power, solid waste, and other businesses, with products used in automotive, power, energy, home appliances, food packaging, shipbuilding and offshore engineering, new energy vehicles, civil aviation, and humanoid robotics. Incorporated in 1999 and based in Beijing, it operates as a subsidiary of Shougang Group Co., Ltd.

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Shougang Co., Ltd. reports first-half 2026 net profit of 550 million yuan

Shougang Co., Ltd. disclosed its 2026 semi-annual report on August 29. In the first half of the year, it achieved total operating revenue of 50.92 billion yuan, down 3.18 percent year on year. Net profit attributable to the parent company was 550 million yuan, down 16.74 percent year on year. Net profit after deducting non-recurring items was 524 million yuan, down 23.24 percent year on year. Net cash flow from operating activities was 647 million yuan, down 70.90 percent year on year. Basic earnings per share were 0.0714 yuan, and the weighted average return on equity was 1.09 percent, down 0.23 percentage points year on year. As of the end of the first half, the company's inventory book value was 9.934 billion yuan, accounting for 19.74 percent of net assets, a decrease of 396 million yuan from the end of the previous year.
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Shougang Co., Ltd. reports first-half 2026 net profit of 550 million yuan, down 16.74% year on year

Shougang Co., Ltd. released its 2026 interim report, with total operating revenue of 50.92 billion yuan, down 3.18% year on year, and net profit attributable to the parent company of 550 million yuan, down 16.74% year on year. Net cash inflow from operating activities was 647 million yuan, down 70.90% year on year. The company's asset-liability ratio was 55.30%, gross margin was 5.35%, return on equity was 1.09%, and diluted earnings per share was 0.07 yuan. The number of shareholders was 87,400, and the top ten shareholders held 84.46% of the total share capital.
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Electrification & Mobility▲2

Shougang Says Demand for Grain-Oriented Silicon Steel Will Maintain High Growth Over the Long Term

Shougang stated during a conference call on July 8 that market demand for grain-oriented silicon steel will maintain relatively high growth for a considerable period. In recent years, domestic grain-oriented silicon steel production capacity has expanded rapidly, and overall capacity is expected to keep growing in 2026, with both supply and demand increasing. The development of the power industry will drive product upgrades toward higher efficiency, higher-end applications, and greener solutions. For non-oriented silicon steel, total domestic demand in 2026 is projected at around 15 million tonnes, with significant growth in new quality productive forces such as new energy vehicles, humanoid robots, and the low-altitude economy. However, the oversupply situation remains unchanged, and the mismatch in supply and demand structures may accelerate the elimination of outdated capacity.
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