Shanxi Taigang Stainless Steel forecasts significant profit growth

Shanxi Taigang Stainless Steel Co projects net profit of 350 million to 450 million yuan for the first half of 2025, marking an increase of 152% to 224% compared to 139 million yuan in the same period last year.

Excluding non-recurring items, the company expects profit of 273 million to 373 million yuan, a turnaround from the 57 million yuan loss reported in the first half of 2024. The company attributes the improvement to cost reduction and enhanced operational efficiency.