Shengli Pipeline (01080) announced interim results. Profit attributable to shareholders of RMB 28.946 million turned a year-on-year loss into a profit

According to the Zhitong Finance App, Shengli Pipeline (01080) announced interim results for the six months ended June 30, 2026. The group achieved revenue of 619 million yuan, an increase of 65.08% over the previous year; profit attributable to company owners was 289.46 million yuan, while a loss of 24.146 million yuan was recorded in the same period last year; profit of 0.75 points per share.

During the review period, the Group continued to promote the localization process of pre-finishing welding equipment. For spare parts with high procurement costs and a long cycle, it was localized using domestic parts alternatives and methods to adapt to domestic parts through partial transformation, completed the localization of key components such as preparation truck travel motors, molded external control rollers, etc., and actively carried out trial work on domestic electric welding machines, greatly shortening the procurement cycle and reducing the cost of purchasing spare parts