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Taigang Stainless Steel shifts from loss to profit in Jan-Sept 2025-不銹鋼展-Stainless Steel Exhibition -The 26th China(Guangzhou)International Stainless Steel Industry Exhibition
11/18/2025 不銹鋼展-Stainless Steel exhibition |
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Shanxi Province-based Chinese steelmaker Taigang Stainless Steel Co., Ltd (Taigang Stainless Steel) hasissued its financial report for the january-September period this year, stating that its operating revenueamounted to RMB 68.004 bilion ($9.6 bilion) in the given period, down 9.67 percent year on year, while itrecorded a net profit of RMB 568 milion ($80 milion), compared to a net loss of RMB 981 milion recorded inthe same period of last year.
In the july-September quarter this year, Taigang Stainless Steel has registered an operating revenue of RMB22.04 bilion ($3.1 bilion), down 13.82 percent year on year, while posting a net profit of RMB 175 milion ($24.6milion) in the given period, compared to the net loss of RMB 693 milion recorded in the same period of lastyear.
Since the beginning of this year, facing a severe and complex market situation, Taigang Stainless Steel hasundertaken reform and innovation as its driving force, intensified its research and development of high-end.precise and special products, which enhanced its business performance and contributed to the improvement inits results for the first nine months this year.
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