Baotailong New Materials vs NV Bekaert SA: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Baotailong New Materials Co Ltd (601011.CG)

Q3 202614 Jul – 8 Oct 2026

▲2▼1

First-half loss and weak interim results Baotailong swung to a net loss of 118 million yuan in H1 2026, with revenue down 10.9% and negative gross margin. Lower coal prices and output plus higher mining costs hurt profitability. This weak financial picture weighs on the stock price.
The loss is the main reason the stock is under pressure and directly answers why it is moving.
New mines boost self-supply and cut costs Baotailong's No. 2 and No. 3 mines (300,000 tons/year each) are now approved as formal mines. This increases self-supplied raw coal, reduces reliance on external purchases, and should lower costs over time, supporting future profits.
These mine approvals are new positive developments that improve the company's long-term cost structure.
Coke price hikes lift industry sentiment Major coke producers raised prices by 50-55 yuan per tonne in August, and national coal output fell 10.1% year-on-year. As a coke producer, Baotailong benefits from higher coke prices and a tighter coal supply, which could improve its revenue.
Rising coke prices directly affect Baotailong's product pricing and potential profitability.

August 202614 Jul – 8 Oct 2026

▲2▼1

First-half loss and weak interim results Baotailong swung to a net loss of 118 million yuan in H1 2026, with revenue down 10.9% and negative gross margin. Lower coal prices and output plus higher mining costs hurt profitability. This weak financial picture weighs on the stock price.
The loss is the main reason the stock is under pressure and directly answers why it is moving.
New mines boost self-supply and cut costs Baotailong's No. 2 and No. 3 mines (300,000 tons/year each) are now approved as formal mines. This increases self-supplied raw coal, reduces reliance on external purchases, and should lower costs over time, supporting future profits.
These mine approvals are new positive developments that improve the company's long-term cost structure.
Coke price hikes lift industry sentiment Major coke producers raised prices by 50-55 yuan per tonne in August, and national coal output fell 10.1% year-on-year. As a coke producer, Baotailong benefits from higher coke prices and a tighter coal supply, which could improve its revenue.
Rising coke prices directly affect Baotailong's product pricing and potential profitability.

Latest14 Jul – 8 Oct 2026

▲2▼1

First-half loss and weak interim results Baotailong swung to a net loss of 118 million yuan in H1 2026, with revenue down 10.9% and negative gross margin. Lower coal prices and output plus higher mining costs hurt profitability. This weak financial picture weighs on the stock price.
The loss is the main reason the stock is under pressure and directly answers why it is moving.
New mines boost self-supply and cut costs Baotailong's No. 2 and No. 3 mines (300,000 tons/year each) are now approved as formal mines. This increases self-supplied raw coal, reduces reliance on external purchases, and should lower costs over time, supporting future profits.
These mine approvals are new positive developments that improve the company's long-term cost structure.
Coke price hikes lift industry sentiment Major coke producers raised prices by 50-55 yuan per tonne in August, and national coal output fell 10.1% year-on-year. As a coke producer, Baotailong benefits from higher coke prices and a tighter coal supply, which could improve its revenue.
Rising coke prices directly affect Baotailong's product pricing and potential profitability.

Q3 202617 Jul – 3 Sep 2026

▲2

Buyback keeps shrinking the share count Bekaert kept buying its own shares through the summer, cancelling them so each remaining share owns a bigger slice of the company. That steady demand supports the price, though the amounts are modest and spread over weeks.
The recurring buyback is the main ongoing force lifting the shares this period.
First-half results: flat sales, solid margin, softer profit Sales were flat and the 8.3% operating margin stayed healthy, with 4% more volume from tire cord. But profit fell 10% and cash flow was squeezed by the Bridgestone plant purchases, so the market got reassurance rather than a boost.
The half-year report is the period's key fundamental update on earnings and cash.
Sardinia exit trims a loss-making tire cord site Bekaert agreed to hand its Macchiareddu tire cord plant to Nuova Icom, with workers re-employed and the deal closing around October. It removes a site whose production was no longer viable, a small step toward a leaner, more profitable footprint.
This is the period's only structural portfolio move and shapes the longer-term cost base.

August 202617 Jul – 3 Sep 2026

▲2

Buyback keeps shrinking the share count Bekaert kept buying its own shares through the summer, cancelling them so each remaining share owns a bigger slice of the company. That steady demand supports the price, though the amounts are modest and spread over weeks.
The recurring buyback is the main ongoing force lifting the shares this period.
First-half results: flat sales, solid margin, softer profit Sales were flat and the 8.3% operating margin stayed healthy, with 4% more volume from tire cord. But profit fell 10% and cash flow was squeezed by the Bridgestone plant purchases, so the market got reassurance rather than a boost.
The half-year report is the period's key fundamental update on earnings and cash.
Sardinia exit trims a loss-making tire cord site Bekaert agreed to hand its Macchiareddu tire cord plant to Nuova Icom, with workers re-employed and the deal closing around October. It removes a site whose production was no longer viable, a small step toward a leaner, more profitable footprint.
This is the period's only structural portfolio move and shapes the longer-term cost base.

Latest17 Jul – 3 Sep 2026

▲2

Buyback keeps shrinking the share count Bekaert kept buying its own shares through the summer, cancelling them so each remaining share owns a bigger slice of the company. That steady demand supports the price, though the amounts are modest and spread over weeks.
The recurring buyback is the main ongoing force lifting the shares this period.
First-half results: flat sales, solid margin, softer profit Sales were flat and the 8.3% operating margin stayed healthy, with 4% more volume from tire cord. But profit fell 10% and cash flow was squeezed by the Bridgestone plant purchases, so the market got reassurance rather than a boost.
The half-year report is the period's key fundamental update on earnings and cash.
Sardinia exit trims a loss-making tire cord site Bekaert agreed to hand its Macchiareddu tire cord plant to Nuova Icom, with workers re-employed and the deal closing around October. It removes a site whose production was no longer viable, a small step toward a leaner, more profitable footprint.
This is the period's only structural portfolio move and shapes the longer-term cost base.