Hangzhou Iron & Steel announced that it expects net profit attributable to owners of the parent company for the first half of 2026 to be 12.6 million yuan, swinging to a profit year-on-year. The change in performance is mainly due to narrowing losses in the core steel business and the release of benefits from the digital economy business. The company's net profit in the first quarter was 10 million yuan, implying an estimated second-quarter net profit of about 3 million yuan, a quarter-on-quarter decline of 68 percent.
Hang Zhou Iron & Steel Co LtdExpects net profit of 12.6 million yuan, swinging to profit year-on-year, driven by narrowing steel losses and digital economy benefits.