China Oriental Group (00581) Announces Interim Results Profit attributable to shareholders of 241 million yuan, an increase of 18.7% year-on-year

According to the Zhitong Finance App, China Oriental Group (00581) announced results for the six months ended June 30, 2026. The group achieved revenue of 18.22 billion yuan during the period, a year-on-year decrease of 8.3%; profit attributable to the company's equity holders was 241 million yuan, an increase of 18.7% over the previous year; and basic income per share was 0.06 yuan.

For the six months ended June 30, 2026, the Group's gross profit per ton of steel products fell from about RMB 234 in the same period in 2025 to about RMB 198, a decrease of about 15.4%. For the six months ended June 30, 2026, gross margin fell from about 7.8% in the same period in 2025 to about 6.6%. The decline in gross margin was mainly due to the fact that the prices of major raw materials remained relatively high in the first half of 2026, while the average sales unit price of steel products continued to be sluggish.