Shanxi Taigang Stainless Steel streamlines operations, reports profit surge

Shanxi Taigang Stainless Steel (STSS) achieved a net profit attributable to shareholders of CNY 392,995,644.30 in the first half of 2025, a 182.74% increase from the previous year. This growth was supported by a 96.82% rise in net cash flow from operating activities, reaching CNY 2,529,062,948.93.

The company is actively optimizing its marketing structure by absorbing Chengdu (Taiyuan) Sales Co., Ltd. and Wuhan Taiyuan Steel Sales Co., Ltd. into Taiyuan Steel Central (Shanxi) Sales Co., Ltd., and liquidating Tianjin Taiyuan Steel Sales Co., Ltd. and Hangzhou Taiyuan Steel Sales Co., Ltd.

The Risk Assessment Report on related-party financial services with Baowu Group Finance Co., Ltd. indicated good credit and performance, with deposits of CNY 4,046,386,499.64 and no outstanding loans. Total assets stood at CNY 66,502,836,118.30.