Shanghai Baosteel Packaging

Baosteel Packaging's semi-annual report disclosed after market close on August 26 shows that in the first half of 2026, the company achieved operating revenue of 5.116 billion yuan, up 19.67% year on year, net profit attributable to the parent of 144 million yuan, up 40.42%, and net profit attributable to the parent after deducting non-recurring items of 141 million yuan, up 41.84%. The profit improvement mainly benefited from domestic and overseas capacity moving from the construction phase into the payoff phase. Among them, the overseas Cambodia double-line project and the Vietnam Long An new project have both been successfully put into production, forming a capacity network of five bases and seven production lines across three Southeast Asian countries. Overseas business revenue grew 21.85% year on year, higher than the overall growth rate, and the overseas business gross margin was significantly better than that of the domestic business. The company also announced its 2026 interim profit distribution plan, proposing a cash dividend of 0.60 yuan per 10 shares including tax, with an estimated total cash dividend of about 75.686 million yuan, accounting for 52.56% of the current period's net profit attributable to the parent. This marks the second consecutive year of interim dividends, and the dividend payout ratio has exceeded 50% for each of the past ten fiscal years. In addition, the company's ESG rating was upgraded by Wind to AA, ranking first in the domestic metal and glass container sector.