Shengneng Group (02459) announced interim results, with a net loss of US$7.528 million, a year-on-year narrowing of 22.1%

According to the Zhitong Finance App, Shengneng Group (02459) announced the 2026 interim results, with revenue of US$20135,000, down 15.3% year on year; net loss of US$7.528 million, narrowing 22.1% year on year; basic loss per share of 4.0 US cents.

The reduction in losses was mainly due to continued gross profit and ongoing cost optimization in the first half of 2026. The Group's gross profit performance remained resilient, with gross profit of approximately US$2.6 million in the first half of 2026 compared to US$2.5 million in the first half of 2025. Gross margin increased from 10.4% to 12.8% during the same period. More importantly, the gross margin of the core graphite electrode business reached 13.9%, a significant improvement from the overall gross profit margin of 10.4% in the first half of 2025.