TISCO Stainless Steel disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 118 million and 153 million yuan, a year-on-year decline of 61.07% to 69.97%. Deducted non-recurring net profit is expected to be between 91 million and 118 million yuan, down 62.7% to 71.24% year-on-year, with basic earnings per share of 0.021 to 0.027 yuan. The company said the steel industry is in a period of deep adjustment, with declining demand and rising raw material and fuel prices squeezing profit margins. The company is partially offsetting the pressure through measures such as implementing cost-conscious operations, adjusting product mix, and tapping cost-reduction potential.
Shanxi Taigang Stainless Steel Co LtdCompany forecasts 61-70% net profit drop due to declining steel demand and rising raw material/fuel costs.