Guosheng Securities: YONGJIN CORP. has improved its profitability quarter-on-quarter, maintaining a "Buy" rating

Guosheng Securities research report pointed out that YONGJIN CORP. is expected to have a net profit attributable to shareholders of the listed company of 303 million yuan in the first half of 2025, a year-on-year decrease of 29.14%. In Q2 2025, profitability improved quarter-on-quarter, and the net profit margin continued to improve. The company is steadily advancing multiple projects, with the "120,000 tons per year high-quality wide stainless steel plate and strip processing project" in Jingjiang YONGJIN starting to ramp up production capacity in the first half of the year, and the capacity utilization rate of the "260,000 tons per year precision stainless steel strip project" at Xinyue Technology significantly improved compared to the same period. The company focuses on the cold-rolled processing segment of stainless steel, occupying an advantage in mainstream product competition, and rapidly expanding production capacity backed by multiple leading enterprises in stainless steel hot-rolling. The company's profitability improved quarter-on-quarter, and in the long term, its high growth potential and cost advantages in metal materials processing remain prominent, maintaining a "buy" rating