Sangang Minguang released its 2026 interim report, with net profit attributable to the parent company at negative 192 million yuan, a decrease of 329 million yuan from the same period last year, down 239.17 percent year-on-year, swinging from profit to loss. The company's total operating revenue was 22.976 billion yuan, up 4.15 percent year-on-year. Net cash flow from operating activities was negative 1.376 billion yuan, an increase of 355 million yuan from the same period last year. The company's latest asset-liability ratio was 62.47 percent, gross margin was 4.42 percent, return on equity was negative 1.00 percent, and diluted earnings per share was negative 0.08 yuan.
Sansteel MinGuang Co Ltd FujianNet loss of 192 million yuan, swinging from profit to loss year-on-year.
