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

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

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, 2024 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, 2024 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