China’s Wujin Stainless Steel Pipe Group reported a net loss of RMB 90 million (about $13.4 million) for January–September 2026. It posted a net profit of RMB 86.7727 million in the same period a year earlier.
Revenue at the Jiangsu-based stainless steel pipe producer fell 23.3% year on year to RMB 1.318 billion (about $200 million).
The company attributed the loss to a slowdown in capital spending in downstream industries and shrinking profit margins amid market competition.
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