Lingyuan Iron & Steel: H1 2026 revenue 7.818 billion yuan, up 5.98% year on year

Lingyuan Iron & Steel Co., Ltd. announced that at its 2026 semi-annual results briefing, it disclosed that in the first half of the year it achieved operating revenue of 7.818 billion yuan, up 5.98% year on year, with the annual plan completion rate for revenue at 39.69%; the growth was mainly due to increases in both the sales volume and selling prices of billets and materials, with billet and material sales volume at 2.3482 million tons, up 7.46% year on year, and the average price of billets and materials at 3,198.45 yuan/ton, up 3.51% year on year. In the first half of the year, output of pig iron, steel, and steel products was 2.2165 million tons, 2.3945 million tons, and 2.0652 million tons, respectively, with annual plan completion rates of 48.71%, 47.99%, and 44.85%, respectively. Affected by the industry downturn, the company recorded an operating loss in the first half of the year, and operating cash flow turned from positive to negative.