Xinyu Steel disclosed its 2026 semi-annual report on August 27. In the first half of the year, it achieved total operating revenue of 16.108 billion yuan, down 8.02 percent year on year. Net profit attributable to the parent company was a loss of 607 million yuan, compared with a profit of 110 million yuan in the same period last year. Net profit after deducting non-recurring items was a loss of 715 million yuan, compared with a loss of 62.8561 million yuan a year earlier. Net cash flow from operating activities was negative 1.245 billion yuan, compared with negative 716 million yuan in the prior-year period. Basic earnings per share were negative 0.19 yuan, and the weighted average return on equity was negative 2.36 percent, down 2.78 percentage points year on year. The company is mainly engaged in the smelting, forging and processing, and sale of ferrous metals and metal products.
Xinyu Iron & Steel Co LtdFirst-half net loss of 607 million yuan versus year-earlier profit, with revenue down 8.02%.
