[SMM Stainless Steel Flash] Chinese Taiwan's Tang Eng Posts Consecutive Quarterly Profits and Positive H1 Earnings

Published: Aug 14, 2026 14:00

Save

Tang Eng Iron Works reported Q2 net profit of NT$77.56 million, securing two consecutive quarters of profitability and contributing to H1 net profit of NT$191.68 million with EPS of NT$0.55. Consolidated Q2 revenue reached NT$2.82 billion, bringing H1 total revenue to NT$5.29 billion. Unaudited July revenue rose 24.8% MoM to NT$880.2 million. The turnaround was driven by improved steel market conditions, rising nickel prices, and consistent price adjustments implemented since December last year. Market participants expect the company to return to full-year profitability, ending four consecutive years of losses.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 mins ago

Data: SHFE, DCE market movement (Aug 14)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 14 Aug , 2026

14 mins ago

33 mins ago

[SMM Analysis] Macro Economics leave Chinese stainless futures exposed as seasonal demand stays weak

SMM Weekly Stainless Steel Futures Review — week of August 10–14, 2026. Chinese stainless steel futures fell for a fourth straight week, settling at RMB 14,245/mt (about $2,114/mt) on August 14.

33 mins ago

1 hour ago

High-Grade NPI Market Sentiment Weakens in August, Down 0.03 MoM

[SMM Nickel Flash] August 14 news: SMM high-grade NPI market sentiment factor stood at 1.93, down 0.03 MoM; the high-grade NPI upstream sentiment factor stood at 2.06, down 0.01 MoM; and the high-grade NPI downstream sentiment factor stood at 1.80, down 0.04 MoM. High-grade NPI market sentiment weakened.

1 hour ago