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Jiangsu Shagang Co Ltd

Jiangsu Shagang Co., Ltd. develops, smelts, processes, and sells ferrous metals in China and internationally. Its products include steel for automotive, engineering machinery, energy, machinery, rail transportation, mining, and marine anchor chains, as well as gears, cast round billets, and hot-rolled round, flat, and square bars. Under the Shagang brand, it also offers heavy plates, hot-rolled coils, cold-rolled plates, ultra-thin strips, high-speed wire rods, large coils, and ribbed steel bars. The company was formerly known as Jiangsu Huaigang Group Co. Ltd., was founded in 1970, and is headquartered in Zhangjiagang, China.

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Shagang Group's 2026 interim net profit was 137 million yuan, down 11.89% year-on-year

Shagang Group released its 2026 interim report, with net profit attributable to the parent company of 137 million yuan, a decrease of 11.89% compared with the same period last year. The company's total operating revenue was 6.698 billion yuan, down 1.89% year-on-year; net cash inflow from operating activities was 199 million yuan, a sharp decline of 84.54% year-on-year. The company's latest asset-liability ratio was 56.53%, gross margin was 8.48%, ROE was 2.06%, and diluted earnings per share was 0.06 yuan.
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