China Steel (2002) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 was NT$79.16 billion, down 4.8% year-over-year, with a net loss of NT$1.86 billion compared to a net profit of NT$814 million in Q1 2025.

• Gross profit margin declined to 3.3% from 5.5% year-over-year, reflecting higher costs and lower sales.

• Total comprehensive income for the period was NT$1.97 billion, up from NT$1.64 billion in Q1 2025, mainly due to gains in other comprehensive income.

Financial highlights

• Operating costs were NT$76.52 billion, representing 97% of revenue, up from 94% in Q1 2025.

• Operating loss was NT$621 million, compared to an operating profit of NT$1.37 billion a year earlier.

• Net loss attributable to owners was NT$2.45 billion, with basic and diluted EPS at NT$(0.16), versus NT$0.02 in Q1 2025.

• Cash and cash equivalents at quarter-end were NT$19.56 billion, up from NT$17.92 billion a year ago.

Outlook and guidance

• The company is monitoring the impact of new IFRS standards effective in 2027 and 2028, with ongoing assessment of their financial impact.

• Management continues to optimize capital structure and monitor economic and industry conditions for future planning.