Citic Pacific Special Steel Group (000708) Q2 2026 earnings summary

Executive summary

• Achieved revenue of ¥53.67 billion, down 1.91% year-over-year, with net profit attributable to shareholders rising 6.85% to ¥2.99 billion.

• Core operating indicators outperformed the industry, with high-end product sales and overseas expansion driving growth.

• Maintained strong R&D, digitalization, and green transformation, with 253 new patents and significant progress in high-end steel technology.

• Continued stable dividend policy, distributing ¥2 per 10 shares, representing 33.76% of net profit.

Financial highlights

• Revenue: ¥53.67 billion, down 1.91% year-over-year; net profit: ¥2.99 billion, up 6.85%.

• Gross margin improved to 14.77%, up 0.40 percentage points year-over-year.

• Operating cash flow: ¥3.90 billion, down 26.06% year-over-year.

• Basic EPS: ¥0.59, up 7.27%; ROE: 6.74%, up 0.08 percentage points.

• Total assets: ¥106.90 billion, down 3.10% from year-end; net assets attributable to shareholders: ¥44.34 billion, up 1.72%.

Outlook and guidance

• Management expects continued high-end product growth and further international market expansion.

• Focus remains on digital transformation, green manufacturing, and R&D to sustain long-term competitiveness.

• Stable dividend policy and ongoing capital investment in strategic projects.