Shagang Group has become the largest Shareholder of Fushun Special Steel. The integration of its special steel Business is still to be explored. | Read the announcement quickly.

① Northeast Special Steel has overdue loans and tight cash flow, transferring part of the pledged equity to Shagang Group, which subsequently becomes the largest shareholder of Fushun Special Steel; ② Both Northeast Special Steel and Shagang Group are controlled by the same ultimate controller, Shen Bin, and the ultimate controller remains Shen Bin after this change; ③ Shen Bin promises to eliminate the existing competition in the special steel business he controls through restructuring, mergers, and acquisitions by 2028.

cls.cnJan 14 09:17 ET

Second only to "Ning Wang"? The first lithium mine of Zhongjun Mining has "opened" with lithium carbonate equivalent reserves exceeding 3.24 million tons｜Quick read of the announcement.

① Dazhong Mining has released a resource report for the Tongtian Temple mining segment at the Jijiao Mountain mining area, with an equivalent lithium carbonate reserve of approximately 3.2443 million tons; ② According to incomplete statistics by the Financial Association reporter based on public information, the reserves of Dazhong Mining's Jijiao Mountain mining area may be second only to contemporary amperex technology's (300750.SZ) mines among low-grade lithium mica mines.

cls.cnDec 9, 2024 12:06 ET

A fine of 5.85 million! The actual controller of yongjin technology group took advantage of the buyback to gather wealth, more insider trading details revealed | Quick read of the announcement.

1. After 4 months, the punishment results for the actual controller Cao Peifeng were announced; 2. Confiscated illegal gains of about 0.55 million yuan, and fined about 5.85 million yuan; 3. Cao Peifeng had engaged in insider trading during the sensitive period of two rounds of company buybacks; 4. Before this, Cao had also conducted short-term trades, with a scale reaching tens of millions.

cls.cnDec 5, 2024 08:10 ET

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.

cls.cnNov 8, 2024 09:13 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, 2024 10:59 ET

Steel prices continue to fall, gross margin decreases, baoshan iron & steel Q3 performance drops by 60% | Interpretations

①Due to the steel prices falling more than the raw material prices, the profit margin continues to shrink, baoshan iron & steel's third-quarter performance has declined by more than 60%. ②At the same time, the decline in steel production and sales volume in the third quarter, as well as the impairment of assets extracted by the company in the third quarter, have had a certain impact on the company's performance in terms of both operational and financial data changes.

cls.cnOct 29, 2024 10:41 ET