Anyang Iron and Steel (600569.SH): Currently, the company's steel transformation is in a uphill period.

On July 18th, Anyang Iron and Steel (600569.SH) expressed on the investor interaction platform that the steel industry is facing severe challenges. The significant trend of strong supply, weak demand, low stock prices, and high costs still continues. At present, the company's special steel transformation is in a period of uphill struggle. The company will continue to make every effort to reduce costs, adjust the structure, dig deep into potential for cost-effectiveness, adhere to and accelerate the promotion of the three goals of green, intelligent, safe and special steel transformation in order to achieve a global strategy.

Gelonghui FinanceJul 18 03:54 ET

Anyang Iron and Steel Co., Ltd. has released its 2024 semi-annual performance forecast.

Sensex a shareJul 11 12:00 ET · Announcements

Anyang Iron and Steel (600569.SH): Expected to lose about 1.26 billion yuan in the first half of the year.

On July 11th, Gelunhui reported that Anyang Iron and Steel (600569.SH) announced its performance forecast for the first half of 2024, and the company expects to show a loss during the period, with a net income attributable to shareholders of the listed company of about -1.26 billion yuan. The company expects to achieve a net income attributable to shareholders of the listed company excluding non-recurring gains and losses of about -1.29 billion yuan in the first half of 2024. During the first half of 2024, the steel industry was confronted with prominent supply and demand contradictions, and steel prices continued to decline, coupled with the impact of easily rising and hard-to-fall raw material prices such as iron ore, resulting in significantly lower corporate profits across the industry, leading to high production volume, high cost, and high risk.

Gelonghui FinanceJul 11 07:11 ET

Anyang Iron & Steel to Set Up 480 Million Yuan Joint Venture

MT NewswiresJul 11 01:37 ET

Anyang Iron and Steel (600569.SH) plans to establish a joint venture in collaboration with MCC Southern and Anyang High-tech Development Investment.

On July 10, Gelunhui reported that Anyang Iron and Steel (600569.SH) announced that in order to further optimize the company's product structure, enhance the company's research and development capabilities and market competitiveness of high-end silicon steel products, the board of directors of the company decided in January 2024 to jointly establish Henan Anyang Iron and Steel Electromagnetic New Materials Technology Co., Ltd. (hereinafter referred to as Anyang Electromagnetic Company) with Anyang High-tech Construction Investment, with a registered capital of 480 million yuan, of which the company holds 60% and Anyang High-tech Construction Investment holds 40%. After its establishment, strategic investors will be introduced as necessary according to operational needs. Anyang Electromagnetic Company has carried out a large amount of work in the early stage, and in June 2024, according to

Gelonghui FinanceJul 10 07:03 ET

Anyang Iron and Steel (600569.SH) plans to increase the capital of its holding subsidiary Zhoukou Company by 560 million yuan.

On June 28, Gelunhui reported that Zhoukou Company is a subsidiary of Anyang Iron and Steel (600569.SH), with a registered capital of RMB 5.3986 billion, of which the company's shareholding ratio is 37.05%; Henan Green Steel Industry Development Fund (Limited Partnership) holds 45.85% of the shares; Zhoukou Investment Group Co., Ltd. holds 7.69% of the shares; Zhoukou Industrial Agglomeration Zone Development Investment Co., Ltd. holds 5.56% of the shares; and Shenqiu State-owned Investment Group Co., Ltd. holds 3.85% of the shares. To enhance the capital strength of Zhoukou Company,

Gelonghui FinanceJun 28 08:15 ET