Xinyu Steel has released its 2026 half-year performance forecast, estimating second-quarter deducted net profit at 72 million to 99 million yuan, reversing from a loss of 787 million yuan in the first quarter and achieving rapid growth both year-on-year and quarter-on-quarter. The company's first-half net profit attributable to shareholders is expected to be a loss of 588 million to 613 million yuan, with deducted net profit loss at 690 million to 715 million yuan, but core business profitability improved significantly in the second quarter. One-off factors such as a 62-day blast furnace overhaul in the first quarter and personnel optimization provisions caused substantial performance fluctuations; the overhaul was completed on February 11, and operating efficiency rebounded quickly. Driven by product mix upgrades and cost reduction and efficiency enhancement, the company has fully exited low-end trade businesses and is focusing on high-value-added products. Last year, it developed 144 new products, including five domestic or global firsts, with high-end hot-rolled coil sales volume up 85% and silicon steel up 22%. 2026 marks the first year the steel industry is included in the national carbon market compliance cycle, and Xinyu Steel is taking the initiative in the industry reshuffle through product mix upgrades.
Xinyu Iron & Steel Co LtdSecond-quarter deducted net profit reversed from loss to 72-99 million yuan, showing strong earnings recovery.