Honglu Steel Structure announced on the evening of 13 September that it has signed a Steel Structure Material Price-Lock Cooperation Agreement with Fujian Zhongmin Daqin Engineering Management Co., Ltd. The agreement sets a tentative steel structure processing volume of 100,000 tonnes and a tentative tax-inclusive total steel structure material price of 375 million yuan, excluding processing fees, with the project expected to be completed before the end of 2027. The agreement benchmark price is based on the 8 September 2026 Mysteel price of 3,750 yuan per tonne for Q355B low-alloy 14-20 thickness. The advance payment is 50% of the tentative material cost, namely 187.5 million yuan, and Party A shall pay it within 20 days of signing the agreement. The tentative agreement value accounts for approximately 1.70% of the company's audited main business revenue for 2025, and its implementation will have a certain positive impact on the company's operating revenue and profit in 2026 and 2027. Earlier, on 9 July, the company announced a steel structure finished component procurement contract with China Construction Third Engineering Bureau Cloud Procurement Technology Co., Ltd., with a tentative tax-inclusive amount of 508 million yuan, accounting for approximately 2.30% of audited main business revenue for 2025. In the first half of 2026, the company achieved operating revenue of 11.642 billion yuan, up 10.35% year on year, and net profit attributable to shareholders of the listed company of 438 million yuan, up 52.20% year on year.
Anhui Honglu Steel Construction Group Co LtdHonglu signed a 100,000-tonne steel structure price-lock agreement worth 375 million yuan, adding to its order book and expected to lift 2026-2027 revenue and profit.
