Steel

SANGANG MINGUANG

SANGANG MINGUANG released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 11.37 B, actual EPS CNY -0.04

SANGANG MINGUANG released FY2025 earnings on April 24 After-Market (BJT), actual revenue CNY 43.03 B (forecast CNY 52.96 B), actual EPS CNY 0.01 (forecast CNY 0.04)

SANGANG MINGUANG released FY2025 Q4 earnings on April 24 After-Market (BJT), actual revenue CNY 9.762 B, actual EPS CNY -0.0397

SANGANG MINGUANG FY2026 Q1 Earnings Release on April 29 After-Market BJT

SANGANG MINGUANG to Release FY2025 Annual Earnings on April 25, 2026 After-Market (BJT), Forecast Revenue CNY 52.96 B, EPS CNY 0.04

SANGANG MINGUANG released FY2025 Q3 earnings on October 28 After-Market (BJT), actual revenue CNY 11.21 B, actual EPS CNY 0.02

SANGANG MINGUANG released FY2025 9 Months Earnings on October 28 After-Market (BJT), actual revenue CNY 33.27 B, actual EPS CNY 0.08

SANGANG MINGUANG to Release FY2025 Q3 Earnings on October 29 After-Market BJT

SANGANG MINGUANG released FY2025 Q2 earnings on August 28 Pre-Market (BJT), actual revenue CNY 11.22 B, actual EPS CNY 0.03

SANGANG MINGUANG released FY2025 Semi-Annual Earnings on August 28 Pre-Market (BJT), actual revenue CNY 22.06 B, actual EPS CNY 0.06

SANGANG MINGUANG to Release FY2025 Semi-Annual Earnings on August 29, 2025 (BJT)

San Gang Ming Guang Takes Measures to Reduce Iron Ore Procurement Costs

San Gang Ming Guang's Net Profit Expected to Reach RMB 131 Million in First Half of 2025

San Gang Ming Guang's ESG Rating Improved to BB

San Gang Ming Guang Responds to Valuation Constraints and Improvement Strategies

San Gang Ming Guang Responds to Staff Scale and Profit Matching Issue

San Gang Ming Guang Denies Shareholder Reduction

Company Did Not Distribute Cash Dividends in 2024 and Plans to Adjust Governance Structure

San Gang Ming Guang's Capacity Replacement and Ultra-low Emission Transformation Nearly Completed

State Council Approves Multiple Nuclear Projects, San Gang Minguang May Supply Steel

002110

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

Zhitong

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

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%

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

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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

FANGDA S.Steel

Valin Steel

LINGSTEEL

MAS C.L.

MAANSHAN IRON

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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

xinsteel

Shougang

XINXING PIPES

BYIS

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

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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

LIU STEEL CO

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

On May 14th, SANGANG MINGUANG stated at the performance briefing that the company's capacity replacement and ultra-low emission transformation have entered the final stage. Except for the capacity replacement project of Quanzhou Minguang Steelmaking and supporting projects, other capacity replacement projects have basically been completed and put into use. The new capital expenditures for construction will significantly decrease after 2025

SANGANG MINGUANG: The company's capital expenditures for new construction after 2025 will significantly decrease

According to the Zhitong Finance APP, SANGANG MINGUANG released its Q1 2025 report. In the first quarter, the company achieved an operating income of 10.842 billion yuan, a year-on-year decrease of 3.22%. The net profit attributable to shareholders of the listed company was 75.4811 million yuan, turning from a loss to a profit year-on-year. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 58.1736 million yuan, also turning from a loss to a profit year-on-year

SANGANG MINGUANG released its first-quarter performance, with a net profit attributable to shareholders of 75.4811 million yuan, turning a loss into a profit year-on-year

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Shougang Co., Ltd. rose over 8%, while Baosteel, SANGANG MINGUANG, xinsteel, and STSS all rose over 5%. On the news front, Shougang Co., Ltd. announced that its net profit in the first quarter increased by nearly 1450% year-on-year. Additionally, Baosteel and several other steel companies reported year-on-year growth in net profit for the first quarter

Baosteel

STSS

The steel sector experiences a volatile rebound, with Baosteel and several other stocks rising over 5%

SANGANG MINGUANG announced that the operating revenue for 2024 is 46.058 billion yuan, a year-on-year decrease of 3.93%. The net loss attributable to shareholders of the listed company is 1.277 billion yuan, compared to a net loss of 668 million yuan in the same period last year. The basic earnings per share is -0.53 yuan/share. The company plans not to distribute cash dividends, not to issue bonus shares, and not to increase capital using reserves

SANGANG MINGUANG: Net profit loss of 1.277 billion yuan in 2024

On February 19th, SANGANG MINGUANG stated during an institutional research meeting that the company's capacity replacement and ultra-low emission transformation have entered the final stages. The capacity replacement project for Quanzhou Minguang's steelmaking and supporting projects is still under construction, while other capacity replacement projects have basically been completed and put into use. It is expected that capital expenditures for new construction will significantly decrease after 2025. At the same time, it is anticipated that fixed asset scrapping will also decrease significantly in 2025

SANGANG MINGUANG: The company's capacity replacement and ultra-low emission transformation have entered the final stage

SANGANG MINGUANG(002110.SZ)