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Maike Tube expects H1 profit to fall 50.3% to RMB 43 million

PUBT·08/13/2026 09:33:16
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Maike Tube expects H1 profit to fall 50.3% to RMB 43 million
  • Maike Tube Industry forecasts 1H 2026 revenue of RMB 745.8 million, down 41.8% from RMB 1.28 billion a year earlier.
  • Profit for the period seen at RMB 43 million, down 50.3% from RMB 86.5 million in the prior-year period.
  • Overcapacity in China’s steel pipe sector weighed on demand, intensifying price competition.
  • Middle East geopolitical disruptions hit overseas shipments, driving lower steel pipe sales volumes.
  • Interim results for the six months ended June 30 due on Aug. 28.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Maike Tube Industry Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260813-12282892), on August 13, 2026, and is solely responsible for the information contained therein.