SANGANG MINGUANG released its half-year performance, turning a loss into a profit of 138 million yuan

According to the Zhitong Finance APP, SANGANG MINGUANG released its semi-annual report for 2025. During the reporting period, the company achieved operating revenue of 22.06 billion yuan, a year-on-year decrease of 4.32%. The net profit attributable to shareholders of the listed company was 138 million yuan. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 115 million yuan. The basic earnings per share were 0.06 yuan

SANGANG MINGUANG: Net profit of 138 million yuan in the first half of 2025, a year-on-year increase of 158.79%

SANGANG MINGUANG announced that its operating revenue in the first half of 2025 was 22.06 billion yuan, a year-on-year decrease of 4.32%. Net profit was 138 million yuan, a year-on-year increase of 158.79%

The steel sector continues to strengthen, with MAS C.L. hitting the daily limit, and companies such as Xianglou New Materials, SANGANG MINGUANG, BSU, FANGDA S.Steel, Valin Steel, and LINGSTEEL also rising

Huachuang Securities: Seasonal off-peak characteristics are emerging, and there is still support at the bottom of steel prices

Huachuang Securities released a research report indicating that due to high temperatures and rainy weather in the south, steel demand continued to weaken during the off-season in June, leading to weak fluctuations in steel prices. Although the decline in demand occurred earlier than the production of steel mills, there is insufficient momentum for steel prices to rise in the short term. However, the accelerated decline in supply may provide support for bottom prices. Currently, the prices of the five major steel varieties have slightly decreased, and overall inventory has also reduced

The rebar sector has declined in the short term, with BSP falling over 6%

The flat steel sector has declined in the short term, with BSP falling over 6%, and MAS C.L., LIU STEEL CO, xinsteel, and SANGANG MINGUANG also following suit