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Strong Week for Lingyuan Iron & Steel (SHSE:600231) Shareholders Doesn't Alleviate Pain of Five-year Loss
lingyuan iron & steel: Supply and demand imbalance has not been eased yet, the industry still needs to reduce overcapacity, control costs, and increase added value | Directly hit earnings conference
①The company recorded a loss of 0.841 billion yuan in the third quarter. Chairman Zhang Peng stated that the imbalance between supply and demand in the industry has not yet eased, and the future steel industry still needs to achieve sustainable development through capacity reduction, cost control, and increasing product added value. ②The actual controlling shareholder of the company will change from Chaoyang City State-owned Assets Supervision and Administration Commission to central enterprise Ansteel Group. The company expects that the governance system will be optimized, information systems upgraded, and synergy achieved in the business sector.
lingyuan iron & steel (600231.SH) released 0.242 billion shares from the controlling shareholder, accounting for 8.48% of the total share capital.
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Strong Week for Lingyuan Iron & Steel (SHSE:600231) Shareholders Doesn't Alleviate Pain of Five-year Loss
