Liaogang Co., Ltd. (02880) announced interim results, net profit of about 885 million yuan, a year-on-year decrease of 7.41%

According to the Zhitong Finance App, Liaogang Co., Ltd. (02880) announced its 2026 interim results, with operating income of about 5.35 billion yuan, a year-on-year decrease of 6.03%; net profit attributable to shareholders of the parent company was about 885 million yuan, a year-on-year decrease of 7.41%; and basic earnings per share were 0.04 yuan.

According to the announcement, the decline in revenue was mainly due to the combined effects of the decline in bulk grain, oil, and passenger transportation business; however, the increase in bulk goods business such as containers and steel reduced the decline in revenue.

In the first half of 2026, the Group's container business volume increased steadily, and the bulk goods business volume such as steel and ore increased, the recovery of long-term arrears was transferred back to credit impairment, and cost reduction and efficiency continued to gain strength; however, profits declined year-on-year due to a decline in petrochemicals, bulk grain, and passenger transportation business. Under the combined impact, the Group's net profit attributable to shareholders of the parent company decreased by 7.4% year-on-year.