China Saftower FY revenue hit by weak demand, loss narrows on cost cuts

China Saftower International Holding

27/08/2026 11:39

Overview
China wire and cable maker's interim revenue dropped 49% yr/yr to RMB86.2 mln
Company's net loss narrowed to RMB7.5 mln from RMB16.5 mln a year earlier
No interim dividend declared for the period

Outlook
Company did not provide specific guidance or outlook for future periods

Result Drivers
REVENUE DECLINE - Co says the decrease in revenue was mainly due to lower demand, shortening customer payment terms
SMALLER LOSS - Co says the 54% reduction in the loss attributable was mainly driven by the sharp decrease in drop of ECLs and staff cost

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 86.20 mln
 
H1 Loss Attributable
 
RMB6.9 mln
 

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-27/57bca7b0-7d09-4ad2-945f-37a2aad20c0d.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)