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On May 14, TISCO Stainless Steel held a performance briefing for the 2025 full year and the first quarter of 2026, unveiling remarkable operational results and future development plans. The company successfully reversed losses to profitability in 2025, achieving operating revenue of 90.375 billion yuan. Its net profit attributable to shareholders rose by 105.25% year on year. Thanks to process optimization, cost reduction and efficiency improvement, TISCO effectively offset industry market pressures. Operating cash flow climbed markedly, while the asset-liability ratio dropped to 43.53%. The financial structure kept improving, and overall operational quality advanced steadily. In the first quarter of 2026, the stainless steel industry faced widespread challenges driven by soaring raw material costs and falling carbon steel product prices, alongside a sharp year-on-year slump in national stainless steel exports. Against such a backdrop, TISCO Stainless Steel delivered robust operational resilience backed by sustained structural upgrading, cost control and quality enhancement. Benefiting from cost advantages built through cost-cutting campaigns, the company gained flexible pricing room in the global market, mitigating downward export pressures and ensuring steady fulfillment of overseas orders. It also continuously optimized export product mix by scaling down shipments of low value-added items and lifting the share of high-end stainless steel products in overseas sales, making its export risk resistance far stronger than the industry average. The enterprise forged ahead by leveraging technological innovation. In 2025, it adopted cost-benefit oriented research and development, which fueled a sharp growth in new product development. A host of world-first and domestic pioneering products were rolled out, widely applied in high-end sectors including aerospace, nuclear power and hydrogen energy. Meanwhile, TISCO accelerated the deployment of AI-powered smart steel manufacturing, greatly boosting production efficiency and delivery capacity to bolster export business. Not only was the lead time for overseas orders shortened, its eco-friendly, low-carbon and premium special stainless steel products also helped bypass international green trade barriers, expanding market reach in Europe, Southeast Asia and other regions. For long-term growth, the company sticks to high-end transformation. It concentrates on developing critical special stainless steel materials for semiconductor, medical care and hydrogen energy industries, and taps emerging markets such as photovoltaic power and new energy vehicles to explore new growth opportunities via material replacement. Capitalizing on synergies within China Baowu Group, TISCO upgrades technologies and refines domestic and global layouts consistently, further consolidating differentiated competitive strengths in exports and elevating its core competitiveness and global market influence. With the full implementation of cost improvement programs in the second quarter, the company will keep yielding fruitful outcomes in cost reduction, efficiency gains and export expansion. #tiscostainlesssteel #stainlesssteel #globalmarket #tisco