Wujin Stainless Steel disclosed its earnings forecast, expecting a net loss attributable to the parent of 49 million yuan in the first half of 2026, compared with a profit of 75.4975 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 62 million yuan, compared with a profit of 68.4806 million yuan in the same period last year. The company's main business is the research, development, production and sales of industrial stainless steel pipes and fittings. Both main business revenue and gross margin declined year-on-year in the current period, mainly due to intensified market competition, price competition, and higher cost allocation amid a decrease in total orders, leading to a decline in gross margin. The company stated that it will continue to promote lean management, develop new domestic application markets while advancing foreign trade business, to ensure stable production and operation.
Jiang Su Wujin Stainless Steel Pipe Group Co LtdExpects net loss of 49 million yuan vs profit last year, with revenue and gross margin declining.