Youfa Group: Revenue of 39.079 billion yuan in the first three quarters; net profit down 60.68% year on year.

Youfa Group announced that from January to September 2026, the company achieved operating revenue of RMB 39.079 billion, up 2.86% year on year; net profit attributable to shareholders of the parent company was RMB 197 million, down 60.68% year on year; and net cash flow from operating activities was RMB 592 million, up 44.97% year on year. The change in third-quarter performance was mainly due to market demand falling short of expectations, a decline in product gross margin, and losses from fair value changes on financial investments. The company has completed the acquisition of a 53% equity stake in Cangzhou Longtaidi and has consolidated it since September 1. Longtaidi has committed to cumulative net profit of no less than RMB 420 million over the next three years. The company will step up its layout in high-value-added steel pipes and advance the release of production capacity at its 14 major bases nationwide.