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Sansteel MinGuang Co.,Ltd.,Fujian's (SZSE:002110) Share Price Boosted 31% But Its Business Prospects Need A Lift Too
Sansteel Minguang (002110.SZ): The company has integrated the DeepSeek Asia Vets model into the office system.
On February 24, Buffett Media reported that Sansteel Minguang (002110.SZ) stated on the investor interaction platform that to enhance work efficiency, the company has integrated the DeepSeek Asia Vets model into its office system to provide intelligent support for the workbench. In the future, the company will actively learn and apply DeepSeek and related technologies based on actual conditions to strengthen the promotion of digitalization and intelligent applications, driving the company's digital transformation.
Sansteel Minguang (002110.SZ): The market shares of construction steel, medium-thick plates, and round steel in the Fujian province are approximately 50%, 78%, and 70% respectively.
On February 20, Gelonghui reported that Sansteel Minguang (002110.SZ) recently stated in an investor relations event that the company's product sales are based on the steel demand in Fujian Province, focusing on the regional market while also covering neighboring provinces such as Guangdong, Jiangxi, Zhejiang, and Hainan. The market shares of the company's construction steel, medium and heavy plates, and round steel in Fujian Province are approximately 50%, 78%, and 70%, respectively.
Sansteel Minguang (002110.SZ): The capacity replacement and ultra-low emission transformation have entered the final stage.
On February 20, Gelonghui reported that Sansteel Minguang (002110.SZ) indicated in a recent investor relations event that the company's capacity replacement and ultra-low emission transformation have entered the final stages. The capacity replacement project at Quanzhou Minguang's steelmaking and supporting facilities is still under construction, while other capacity replacement projects have been basically completed and put into use. After 2025, the new capital expenditures for construction will significantly decrease.
Sansteel Minguang (002110.SZ): Six high line production lines have the capability to produce industrial and construction materials.
On February 20, at a recent investor relations event, Sansteel Minguang (002110.SZ) stated that the company's six high-line production lines have the capability to produce industrial materials and construction materials. The company can flexibly organize production based on product benefits, increasing the production ratio of industrial materials with better variety benefits. The company's round bar production line and the new medium and large bar production line, which will commence production in 2024, primarily produce industrial materials, further enhancing the company's proportion of industrial materials.
Sansteel Minguang (002110.SZ): Has established long-term cooperative relationships with major foreign mining giants.
On February 13, Gelonghui reported that Sansteel Minguang (002110.SZ) stated on the investor interaction platform that the company has established long-term cooperative relationships with major foreign mining giants. More than half of the iron ore procurement is from long-term contracts, with long-term contract ore accounting for about 65% of the company's imported ore.
Sansteel MinGuang Co.,Ltd.,Fujian (SZSE:002110) Looks Inexpensive But Perhaps Not Attractive Enough
