SHENGLI PIPE (01080) has released its interim results for the six months ended June 30, 2026, marking a significant turnaround in its financial performance. The group achieved revenue of RMB 619 million, representing a substantial increase of 65.08% compared to the same period last year.

During the review period, the company reported a profit attributable to owners of RMB 28.946 million, a stark contrast to the loss of RMB 24.146 million recorded in the corresponding period of the previous year. The earnings per share stood at 0.75 cents, underscoring the successful reversal from loss to profitability.

Looking at operational highlights, the group has continued to advance the localization of pre-welding and fine-welding equipment. By implementing domestic component substitution strategies and modifying existing systems to accommodate locally produced parts, the company has successfully completed the localized customization of critical components, including the walking motors for material preparation carts and external forming control rollers. Additionally, the group has actively conducted trial runs of domestically manufactured welding machines, which has not only significantly shortened procurement lead times but also reduced overall spare parts purchasing costs.