Tianjin-based Chinese steelmaker You Fa Steel Pipe reported net profit of RMB 197 million for January–September 2026, down 60.68% from a year earlier. Revenue rose 2.86% to RMB 39.079 billion.
The company attributed the decline in profit to demand falling short of expectations. In the third quarter, revenue increased 7.26% year on year to RMB 14.055 billion, but You Fa Steel Pipe posted a net loss of RMB 81.255 million, compared with net profit of RMB 214.79 million in July–September 2025.
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