Wangbian Electric: Some fundraising project purposes were changed without following procedures and were ordered to correct. Plans to permanently adjust project purposes | Quick read announcement.

①At the beginning of this month, Electric Power Energy expected to receive an administrative supervision measure decision from the Chongqing Securities Regulatory Bureau, ordering rectification, as the office building in the investment project was not used as planned. ②The company issued a rectification report this evening, stating that the company plans to permanently adjust the project's office building for use by the personnel of the company's group headquarters.

cls.cnNov 28 08:52 ET

In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.

①In the third quarter, the losses in the steel industry worsened, with 21 out of 27 listed steel smelting companies experiencing losses, totaling over 14.5 billion yuan, with the total quarterly loss amount almost approaching that of the entire previous year. ②Industry experts believe that the main reason for the losses is the overcapacity in the steel industry itself, poor industry self-discipline, failure to actively limit production, oversupply of products, continuous decline in steel prices, slow decrease in raw material prices, and severe industry profit compression.

cls.cnOct 31 10:59 ET

The demand for ultra-supercritical coal-fired power units in the downstream continues to grow. Shengtak New Materials' Q3 performance doubles interpretations.

① shengtak new materials' performance in the first three quarters increased by 166.30% year-on-year, and the company's performance in the third quarter increased by 231.61% year-on-year, with performance growth continuing to rise. ② Company officials stated that the main reason for the performance growth is the demand from the downstream thermal power boiler market. Currently, the company's orders are sufficient, and the inclusion of Jiangsu Ruimei is also one of the reasons for the performance growth.

cls.cnOct 23 10:39 ET

Jiangsu Shagang's revenue and net profit both decreased in the first half of the year. Seeking new breakthroughs in gear business acquisition | Interpretations of financial reports.

1. In the first half of the year, Jiangsu Shagang's revenue and net income decreased year-on-year, but it still maintained profitability in a severe market environment; 2. The steel industry presents a state of "high output, high cost, low price and low efficiency", with widespread losses in the industry; 3. Jiangsu Shagang completed the acquisition of Shandong Yinglun, forming a business model combining "special steel + gears", which may bring certain growth in the annual report.

cls.cnAug 20 11:14 ET

China's Shanxi Province Records 78% Jump in Exports in January-October Period

MT NewswiresNov 24, 2021 00:16 ET

Baowu Leads Global Alliance to Cut Carbon Emissions in Steel Industry

MT NewswiresNov 18, 2021 22:36 ET