Shougang CENT (00103) announced its annual results for the year ended December 31, 2025. The company recorded revenue of HK$2.424 billion, representing a year-on-year increase of 1.1%. Net profit amounted to HK$54.24 million, a significant rise of 71.4% compared to the previous year. Basic earnings per share were HK10.83 cents.
There was no significant change in the sales mix for the year. Steel cord sales for heavy-duty tires accounted for 52.7% of the total steel cord sales volume, a decrease of 2.8 percentage points from the prior year, yet remaining the largest segment for the group. Due to substantial efforts by the company's sales team, sales volume of steel cord for engineering tires increased by 19.2% to 20,278 tonnes, up from 17,014 tonnes last year.