Honglu Steel Structure released its 2026 first-quarter report, showing growth in both revenue and profit.
The company reported operating revenue of RMB 52.42 billion for the quarter, an increase of 8.87% from a year earlier. Net profit attributable to shareholders was RMB 148 million, up 8.07%, while recurring net profit reached RMB 140 million, a year-on-year increase of 21.65%.
The results suggest that Honglu’s production scale, order execution, and manufacturing efficiency continued to improve at the start of 2026.
Investors are watching whether the first-quarter trend can continue through the year, particularly as the steel structure sector manages weak steel prices, changing order mix, and the cost of ongoing intelligent manufacturing upgrades.