No Data
No Data
Huabao Securities: Blast furnace start-up increases compared to the low demand season, steel prices downward pressure.
In July, the terminal demand for steel is still greatly affected by seasonality, and the space for supply contraction is limited. It is expected that the steel price will continue to decline in July, and the short-term profit situation of steel companies may be difficult to improve significantly.
Sichuan Development Lomon (002312.SZ) holds 49% equity of Chongqing Iron & Steel Group Mining Co., Ltd.
Gelonghui July 22 | Chuanfalong Python (002312.SZ) said on the investor interactive platform that the 10.19 million investment income from shareholder dividends in the 2023 annual report came from the dividends of Tibet United Enterprise Management Co., Ltd. The company holds 49% of the shares in Chongqing Iron and Steel Group Mining Co., Ltd., thereby indirectly receiving part of its core asset, Heavy Steel Xichang Mining Co., Ltd. (Taihe Iron Ore Vanadium-Titanium-Magnetite Resources); the investment income of Heavy Steel Mining confirmed by the Equity Law in 2023 is about 0.15 billion yuan. According to the Securities and Futures Act, see No. 18 - “Listed Company Securities Issuance Registration Administration Office
Chongqing Iron (01053): Huabao Investment has accumulated a shareholding of 13.0086 million A-shares in the company, and the shareholding plan has not yet been fully implemented.
Chongqing Iron (01053) announced the progress of its wholly-owned subsidiary's plan to increase its shareholding in the company, which is expected to be completed by 2024.
Chongqing Iron & Steel (601005.SH): Huabao Investment has accumulated a shareholding of 13.0086 million shares.
On July 19th, Gelunhui reported that Chongqing Iron & Steel (601005.SH) received a notice letter from Huabao Investment on July 19th, 2024, stating that it had increased its A-share holdings in the company by 13.0086 million shares, accounting for 0.15% of the company's total shares, through centralized bidding through the Shanghai Stock Exchange from July 18th, 2024 to July 19th, 2024. As of now, Huabao Investment has accumulated a total of 13.0086 million A-share holdings in the company, accounting for 0.15% of the company's total shares. The plan to increase holdings has not yet been completed, and Huabao Investment will continue to increase its A-share holdings in accordance with the plan.
Hong Kong stock market concept tracking: Institutions are optimistic of the steel industry's profit recovery in the second half of the year, as infrastructure projects may have concentrated efforts to complete. (Attached concept stocks)
The situation of relatively surplus raw material supply will also continue, and steel mill profits are expected to rebound due to the double bullish of demand improvement and cost reduction.
Chongqing Iron plans to receive a shareholding in A-shares from its controlling shareholder's wholly-owned subsidiary, Huabao Investment.
Chongqing Iron & Steel (01053) has announced that on July 17, 2024, the company received a notice from Huabao Investment Co., Ltd. (Huabao Investment), a wholly-owned subsidiary of its actual controller, China Baowu Steel Group Co., Ltd. (China Baowu), regarding the plan to increase its shareholding in Chongqing Iron & Steel A shares. Huabao Investment plans to increase its A-share capital by means of self-owned funds through centralized bidding trading within 12 months from the date of the announcement, with an upper limit of RMB 0.3 billion and a lower limit of RMB 0.15 billion, with a maximum purchase price of RMB 2.00 per share. Announcement.
No Data