Bengang Plates forecasts reduced losses for first half

Bengang Plates expects a net loss of 140.5 billion yuan for the first half of 2025, a 9.4% improvement from 155.1 billion yuan loss in the same period last year. Basic earnings per share are forecasted at a loss of 0.34 yuan, down from 0.38 yuan.

The company attributes the reduced losses to an improved steel industry environment, with lower raw material prices for coke and coking coal. Despite declining steel product prices, Bengang Plates focused on enhancing market competitiveness through strategic products and increased sales to key sectors.