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

Hainan Airlines Holding: Net income doubled year-on-year in the first three quarters, plans to open multiple international routes in the fourth quarter | Interpretations

Hainan Airlines Holding's revenue and net income in the first three quarters were 51.729 billion yuan and 2.173 billion yuan, respectively, with year-on-year growth of 10.68% and 145.43%. Hainan Airlines Holding stated that the main reason is the recovery of the aviation market, leading to an increase in business volume.

cls.cnOct 30 11:25 ET

Lack of consumer willingness, china tourism group duty free corporation's performance continues to decline. Net profit in Q3 decreased by 50% year-on-year. interpretations

1. China Tourism Group Duty Free Corporation's Q3 quarterly net income attributable to parent company decreased by over fifty percent year-on-year, with insufficient consumer consumption willingness as the main reason for the decline; 2. Industry insiders said that various tax-free consumption indicators may continue to decline slowly in the short term.

cls.cnOct 30 08:16 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 10:41 ET

Concept Dynamics | Cailian News Theme Library Adds "Zhipu AI"

On October 25, 2024, zhipu AI launched its self-developed intelligent body AutoGLM, which is a mobile operation assistant that can simulate user clicks on the screen, as well as a browser assistant for clicking on web pages. Currently compatible with 8 well-known application software such as WeChat, Taobao, Meituan, Xiaohongshu.

cls.cnOct 28 02:24 ET

Share buyback shareholding loans quickly landed! ICBC, BOC, ABC, CMB, CITIC and other first batch of multiple banks announced progress. Some banks have already shown cooperation intentions with nearly a hundred listed companies.

1. As of now, Bank of China has reached cooperation intentions with nearly a hundred listed companies, with 32 listed companies explicitly promised loans, covering multiple industries such as integrated circuits, transportation, high-end manufacturing, and business services; 2. The banks stated that they will strictly adhere to the risk compliance bottom line, rigorously prevent crediting funds that do not meet the conditions of stock increase stake & buyback and refinancing policies from illegally flowing into the stock market.

cls.cnOct 21 03:54 ET