Fushun Special Steel notice, the company recently received AVIC Special Materials Industry (Xi'an) Co., Ltd. ("AVIC Special Materials") notice, AVIC Special Materials controlling shareholder AVIC heavy Machinery Co., Ltd. ("AVIC heavy Machinery") and AVIC Special Materials bankruptcy administrator completed the transfer of AVIC special materials property and business affairs, AVIC Special Materials has resumed production and operation. Recently, the company received a notice from CNAC Special Materials that AVIC's controlling shareholder, AVIC heavy Machinery, and the bankruptcy administrator of AVIC Special Materials have completed the transfer of AVIC special materials property and business affairs, and AVIC Special Materials has resumed production and operation. At the same time, in order to strengthen the strategic cooperation with the company, AVIC Special Materials plans to pay off the debts to the company in full at one time.

According to the third quarterly report of Fushun Special Steel in 2021, the company's main income was 5.569 billion yuan, up 18.11% from the same period last year; the net profit was 685 million yuan, up 69.39% from the same period last year; and deducting 630 million yuan from non-net profit, up 75.82% from the same period last year. Among them, in the third quarter of 2021, the company's main income in a single quarter was 1.8 billion yuan, up 11.97% from the same period last year, and the net profit in a single quarter was 254 million yuan, up 14.82% from the same period last year. The non-net profit in a single quarter was 222 million yuan, up 7.17% from the same period last year; the debt ratio was 43.45%, the investment income was 18.4459 million yuan, the financial expenses were 64.7662 million yuan, and the gross profit margin was 21.64%.

A total of 14 agencies have rated the stock in the last 90 days, including 13 buy ratings and 1 overweight rating; the average institutional target price in the past 90 days is 30.54; according to the Securities Star valuation analysis tool, Fushun Special Steel (600399) has a rating of 2.5 stars, a good price rating of 1.5 stars and a comprehensive valuation rating of 2 stars.

The chairman of the company is Ji Yongxin. Mr. Ji Yongxin: born in February 1967, Chinese nationality, master's degree, engineer, former director of Zhangjiagang Environmental Monitoring Station, Deputy Director of Zhangjiagang Environmental Protection Bureau, Director of Zhangjiagang Environmental Science Research Institute, Deputy General Manager of Jiangsu Shagang Group Co., Ltd., Chairman and Party Secretary of Jiangsu Shagang Group Huaigang Special Steel Co., Ltd. He is currently executive director and vice president of the board of directors of Jiangsu Shagang Group, vice chairman, deputy secretary of the party committee, secretary of the discipline Inspection Commission of Northeast Special Steel Group Co., Ltd., and chairman of Fushun Special Steel Co., Ltd.

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