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Hunan Valin Steel (000932.SZ): intends to increase capital by 1 billion yuan to Hunan Valin Henggang in proportion.
On December 9, Gelonghui reported that hunan valin steel (000932.SZ) announced that to support its subsidiary hunan valin steel in the implementation of the large-caliber seamless steel pipe continuous rolling technology development and industrial application project, the company and hunan steel group plan to increase capital in hunan valin steel proportionally by 1 billion yuan. Among them, hunan steel group will contribute 0.1409 billion yuan, and hunan valin steel will contribute 0.8591 billion yuan. The capital increase price will be determined based on the net asset value from the audit report of hunan valin steel for the fiscal year 2023, which will be audited by Tianjian Accounting Firm with December 31, 2023, as the benchmark date.
CICC's outlook on the steel industry in 2025: Expected far-reaching supply-side reforms, with the potential for accelerated capacity clearance.
In 2024, the Ministry of Industry and Information Technology has suspended the implementation of the steel capacity replacement, and in 2025, there is little chance for an increase in steel supply. Meanwhile, the optimization of existing capacity driven by policy may accelerate further, creating structural opportunities.
We Think Hunan Valin Steel (SZSE:000932) Is Taking Some Risk With Its Debt
China Securities Co., Ltd.: In 2025, steel prices will primarily remain volatile, reinforcing a new order of supply and demand under controlled production.
China's high-end special steel industry is still in a growth stage, with new energy, shipbuilding, and aviation industries in a period of vigorous development, deserving a certain valuation premium.
China Great Wall Securities: Q4 strong expected trade expected to continue, steel sector has broad room for recovery.
There may be room for policy adjustment, and the window period that is difficult to verify is expected to extend the time and space for the rebound of the steel sector.
Hunan Valin Steel's (SZSE:000932) Weak Earnings May Only Reveal A Part Of The Whole Picture
Hunan Valin Steel (SZSE:000932) Is Reinvesting At Lower Rates Of Return
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