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The latest announcement is out from Da Ming International Holdings Limited ( (HK:1090) ).
Da Ming International Holdings reported mixed operating metrics for the first quarter of 2026, with stainless steel processing volumes declining modestly while carbon steel processing volumes increased, reflecting a shift in demand between its key product segments. Revenue from its manufacturing business fell 16.5% amid longer lead times and weaker chemical sector demand, contributing to a marginal 0.3% drop in total group turnover to RMB10.14 billion.
Despite flat revenue, the group’s unaudited net profit surged to RMB22.1 million, a more than fourfold increase from a year earlier, driven by improved operating efficiency, an optimized sales product mix, and lower operating costs in both stainless steel and carbon steel operations. The figures suggest Da Ming is tightening execution and restructuring its portfolio to protect profitability in a softer manufacturing environment, though the company cautioned that the data are preliminary and subject to change when full financial statements are released.
More about Da Ming International Holdings Limited
Da Ming International Holdings Limited is a China-based metal processing and manufacturing group specializing in stainless steel and carbon steel processing services, as well as related manufacturing operations. The company serves industrial customers across sectors such as chemicals, with a business model focused on high-volume steel processing, product customization, and value-added downstream services in the regional metals supply chain.
Average Trading Volume: 219,842
Technical Sentiment Signal: Sell
Current Market Cap: HK$992.8M
For a thorough assessment of 1090 stock, go to TipRanks’ Stock Analysis page.