Jiangsu Safety Wire Rope

Saifutian released its 2026 interim report, with net profit attributable to the parent company at a loss of 32.44 million yuan, swinging from profit to loss year-on-year. Total operating revenue was 595 million yuan, down 43.89 percent from the same period last year. Net cash flow from operating activities was negative 71.93 million yuan, a decline of 139.67 percent year-on-year. The company's latest asset-liability ratio was 87.21 percent, gross margin was 4.81 percent, and return on equity was negative 7.38 percent.

Saifutian disclosed its semi-annual report for 2026. In the first half of the year, the company achieved total operating revenue of 595 million yuan, down 43.89 percent year on year. Net profit attributable to the parent company was a loss of 32.44 million yuan, compared with a profit of 3.08 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 34.21 million yuan, compared with a profit of 1.79 million yuan a year earlier. Net cash flow from operating activities was negative 71.93 million yuan, versus 181 million yuan in the prior-year period. During the reporting period, basic earnings per share were negative 0.11 yuan, and the weighted average return on equity was negative 7.13 percent. The company is mainly engaged in the production and sale of steel wire ropes and rigging accessories, as well as photovoltaic cells, and also provides architectural design and EPC management services.

Safetyn disclosed an earnings forecast, expecting a net loss attributable to the parent of 23.2 million to 34.8 million yuan in the first half of 2026, compared with a profit of 3.0829 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 25 million to 36.6 million yuan, versus a profit of 1.7925 million yuan a year earlier. The company is mainly engaged in the production and sale of steel wire ropes and rigging accessories, photovoltaic cells, and provides architectural design and EPC management services. The decline in performance this period is primarily due to pressure on two major segments. The elevator steel wire rope market has been affected by downstream price declines in the industry chain and geopolitical conflicts impacting raw material costs, leading to lower product selling prices year-on-year and compressed gross margins, resulting in a loss for the segment. The photovoltaic industry continues to face supply-demand imbalances, and factors such as production halts during the Spring Festival, production line upgrades, industry overcapacity, and persistent price declines have caused the photovoltaic business performance to fall year-on-year.