Honglu Steel Structure delivered stronger first-quarter results in 2026, but its share price still came under heavy pressure in mid-May.
According to market coverage, the company reported first-quarter revenue of RMB 52.42 billion, up 8.87% year on year. Net profit attributable to shareholders reached RMB 148 million, an increase of 8.07%, while recurring net profit rose 21.65%.
Despite the improvement in earnings, the stock fell nearly 10% on May 13. Analysts cited a combination of weak broader market conditions, sector pressure, and investor caution after the company’s recent board and management transition.
The move highlights the gap between Honglu’s operating recovery and short-term market sentiment. Investors continue to watch whether order growth, intelligent manufacturing upgrades, and cost controls can translate into steadier profitability through the rest of 2026.