Baogang Co., Ltd. announced that it expects to achieve net profit of 230 million yuan to 300 million yuan in the half year of 2026. Compared with the same period last year, it will increase 78.67 million yuan to 149 million yuan, an increase of 52% to 98% over the previous year. It is expected to achieve net profit of 340 million yuan to 500 million yuan after deducting non-recurring profit and loss attributable to the owners of the parent company in the first half of 2026. Compared with the same period last year, it will increase by 233 million yuan to 393 million yuan, an increase of 218% to 368% over the previous year. In the first half of 2026, demand in the steel market was weak, structural differentiation was obvious, and rising coal coke raw material prices reduced corporate profit margins. Facing downward pressure on the industry, the company firmly established the “high quality fine steel+ series rare earth steel” strategy, deepened product restructuring, increased the share of production and sales of new high-value-added steel materials, comprehensively promoted cost reduction and efficiency throughout the process, and gradually resumed production and rare earth markets in some of the company's production lines. Overall, it turned a loss into a profit in the second quarter, and achieved a significant increase in profits in the first half of the year.

Baogang Co., Ltd. announced that it expects to achieve net profit of 230 million yuan to 300 million yuan in the half year of 2026. Compared with the same period last year, it will increase 78.67 million yuan to 149 million yuan, an increase of 52% to 98% over the previous year. It is expected to achieve net profit of 340 million yuan to 500 million yuan after deducting non-recurring profit and loss attributable to the owners of the parent company in the first half of 2026. Compared with the same period last year, it will increase by 233 million yuan to 393 million yuan, an increase of 218% to 368% over the previous year. In the first half of 2026, demand in the steel market was weak, structural differentiation was obvious, and rising coal coke raw material prices reduced corporate profit margins. Facing downward pressure on the industry, the company firmly established the “high quality fine steel+ series rare earth steel” strategy, deepened product restructuring, increased the share of production and sales of new high-value-added steel materials, comprehensively promoted cost reduction and efficiency throughout the process, and gradually resumed production and rare earth markets in some of the company's production lines. Overall, it turned a loss into a profit in the second quarter, and achieved a significant increase in profits in the first half of the year.