Core Viewpoint - Ansteel Corporation (00347.HK) announced that its board meeting will be held on August 26, 2025, to consider and potentially approve the company's and its subsidiaries' performance for the six months ending June 30, 2025 [1] Summary by Category - **Company Announcement** - Ansteel Corporation's board meeting is scheduled for August 26, 2025 [1] - The meeting will focus on the performance review for the six months ending June 30, 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （股份編號：0347） 董事會會議通告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.43條 而 作 出。 鞍 鋼 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於 二 零 二 五 年 八 月 二 十 六 日（星 期 二）舉 行，藉 以（其 中 包 括）考 慮 及 酌 情 批 准 本 公 司 及 其 子 公 司 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 的 業 績。 承董事會命 鞍鋼股份有限公司 王 軍 執行董事兼董事長 中國遼寧省鞍山市 二零二五年八月十一日 於 本 公 告 日 期，董 事 會 成 員 如 下： 執 行 董 事： 王 軍 張紅軍 李景東 非 執 行 董 事： 譚宇海 獨 立 非 執 行 董 事： 王旺林 朱克實 胡彩梅 劉朝建 職 工 ...

1st PROOF • (Q:\01. Ann\A2025-08-056_Angang\A2025-08-056_C_Angang) • (11:34 11/08/2025) • (Messi) • (C>E on request) • P.1 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （股份編號：0347） 董事會會議通告 王 軍 執行董事兼董事長 中國遼寧省鞍山市 二零二五年八月十一日 於 本 公 告 日 期，董 事 會 成 員 如 下： 執 行 董 事： 王 軍 張紅軍 本公告乃根據香港聯合交易所有限公司證券上市規則第13.43條 而 作 出。 鞍 鋼 股 份 有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，董 事 會 會 議 將 於 二 零 二 五 年 八 月 二 十 六 日（星 期 二）舉 行，藉 以（其 中 包 括）考 慮 及 酌 情 批 准 本 ...

Group 1 - The Hong Kong steel stocks continue to rise, with notable increases such as 8.5% for Zhaogang Group and nearly 5% for Maanshan Iron & Steel, reaching new highs [1] - Guotai Junan released a report indicating that demand is expected to gradually bottom out, and the steel industry has been experiencing prolonged losses, leading to market-driven supply adjustments [1] - The implementation of new national standards for rebar in September has created panic regarding the inventory and sales of old standard rebar, with expectations that market prices will stabilize as previous declines have absorbed negative sentiments [1] Group 2 - Specific stock performance includes Zhaogang Group at 4.210 with an increase of 8.51%, Maanshan Iron & Steel at 2.650 with an increase of 4.74%, and China Oriental Group at 1.910 with an increase of 3.80% [2] - Other notable performers include Angang Steel at 2.370 with an increase of 2.16%, and China Rare Earth at 2.510 with an increase of 0.80% [2]

Industry Overview - The Hong Kong steel stocks continue to rise, with notable increases such as 8.5% for Zhaogang Group, nearly 5% for Maanshan Iron & Steel, and 3.8% for China Oriental Group [1][1][1] - The report from Guotai Junan indicates that demand is expected to gradually bottom out, and the steel industry has been experiencing prolonged losses, leading to market-driven supply adjustments [1][1][1] - If supply policies are implemented, the contraction of supply will accelerate, facilitating a quicker recovery for the industry [1][1][1] Market Sentiment - The upcoming implementation of new national standards for rebar in September has created panic regarding the inventory and sales of the old standard rebar [1][1][1] - The China Iron and Steel Association has issued six initiatives to stabilize market sentiment among industry stakeholders [1][1][1] - Due to previous declines having largely absorbed negative sentiment, steel companies are reducing production amid losses, leading to structural shortages of the old standard rebar, with expectations that market prices will reach a bottom [1][1][1] Stock Performance - Zhaogang Group (06676) latest price: 4.210, up 8.51% - Maanshan Iron & Steel (00323) latest price: 2.650, up 4.74% - China Oriental Group (00581) latest price: 1.910, up 3.80% - Ansteel (00347) latest price: 2.370, up 2.16% - Other notable stocks include Huajin International Holdings (02738) up 1.49%, Tiangong International (00826) up 1.00%, and China Hanking Holdings (03788) up 0.80% [1][1][1]

Group 1 - The steel sector in Hong Kong has seen significant gains, with Maanshan Iron & Steel rising nearly 13%, and other companies like Da Ming International and Ansteel also experiencing notable increases [1][2] - According to a report from Xinda Securities, despite the steel industry facing challenges such as prominent supply-demand contradictions and overall profit decline, the demand for steel is expected to remain stable or even slightly increase due to supportive factors like real estate stabilization, steady infrastructure investment, ongoing manufacturing development, and high steel exports [1] - The report suggests that the overall supply-demand situation in the steel industry is likely to remain stable, with expectations of tightening supply under the backdrop of policy controls and increasing industry concentration [1] Group 2 - The report indicates a positive outlook for the steel industry's structure, highlighting that some companies are currently undervalued, presenting structural investment opportunities, particularly for high-margin special steel enterprises and leading steel companies with strong cost control and scale effects [1] - The potential for valuation recovery in the future is emphasized, maintaining an optimistic rating for the industry [1]

Core Viewpoint - The steel sector in Hong Kong has shown significant gains, with Maanshan Iron & Steel leading the rise, driven by expectations of stable demand supported by government policies and a tightening supply situation [1] Industry Summary - The steel industry is currently facing prominent supply-demand contradictions, leading to an overall decline in industry profits. However, the implementation of "stabilizing growth" policies is expected to support steel demand, particularly as the real estate sector stabilizes, infrastructure investment remains steady, manufacturing continues to develop, and steel exports remain high [1] - The supply side is anticipated to tighten under the expectations of supply control policies, while the industry concentration is expected to strengthen. Overall, the supply-demand situation in the steel industry is likely to remain stable [1] - The research indicates that the future industrial landscape of the steel sector is expected to improve gradually, with certain companies currently undervalued, presenting structural investment opportunities, especially for high-margin special steel enterprises and leading steel companies with strong cost control and scale effects [1] Company Summary - Maanshan Iron & Steel (00323) saw a price increase of 12.79%, closing at 2.470, while Da Ming International (01090) rose by 8.86% to 0.860. Other notable gains include China Oriental Group (00581) up 4.49%, Ansteel (00347) up 4.09%, and Chongqing Steel (01053) up 2.08% [1] - Maanshan Iron & Steel is expected to report a net loss of approximately 75 million yuan for the first half of the year, as discussed in a board meeting on August 28 [1] - Chongqing Steel has completed its share buyback plan, which may contribute to its stock performance [1]

Group 1 - Steel stocks have shown significant gains, with Maanshan Iron & Steel Co. rising by 10.96% to HKD 2.43, Angang Steel Co. increasing by 5% to HKD 2.31, and Chongqing Iron & Steel Co. up by 2.08% to HKD 1.47 [1] - The China Iron and Steel Association reported that the total operating revenue of key steel enterprises in the first half of the year was CNY 29,985 billion, a year-on-year decrease of 5.79%, while total profit increased by 63.26% to CNY 592 billion [1] - The average profit margin for the steel industry rose to 1.97%, an increase of 0.83 percentage points year-on-year, indicating some recovery in profitability despite ongoing challenges in supply and demand dynamics [1] Group 2 - The recent Politburo meeting emphasized "anti-involution" and the need for regulated competition in key industries, shifting the focus from merely eliminating low prices to rational competition aimed at improving industry profits [2] - Short-term steel demand is expected to enter a seasonal downturn, which may lead to a price correction due to rapid price increases [2] - Long-term capacity governance remains a primary focus, with a combination of market-oriented and administrative measures expected to optimize crude steel supply and enhance profitability for steel companies as new iron ore capacities are gradually released [2]

港股钢铁股拉升明显，其中，马鞍山钢铁大涨近13%领衔，大明国际涨近9%，鞍钢股份、中国东方集 团涨超4%，铁货涨近3%，重庆钢铁涨2%。 总体上，该行认为未来钢铁行业产业格局有望稳中趋好，叠加当前部分公司已经处于价值低估区域，现 阶段仍具结构性投资机遇，尤其是拥有较高毛利率水平的优特钢企业和成本管控力度强、具备规模效应 的龙头钢企，未来存在估值修复的机会，维持行业"看好"评级。(格隆汇) | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 00323 | 马鞍山钢铁股份 | 2.470 | 12.79% | | 01090 | 大明国际 | 0.860 | 8.86% | | 00581 | 中国东方集团 | 1.860 | 4.49% | | 00347 | 鞍钢股份 | 2.290 | 4.09% | | 01029 | 铁货 | 0.750 | 2.74% | | 01053 | 重庆钢铁股份 | 1.470 | 2.08% | | 03788 | 中国罕于 | 2.420 | 1.26% | | 01001 | 沪港联合 | 0.410 | 1. ...

Core Viewpoint - Ansteel Corporation (00347) has seen a stock increase of over 4%, currently trading at 2.29 HKD with a transaction volume of 24.02 million HKD, following the announcement of the global launch of its AG785 high-strength, high-toughness, high-pressure deep-sea container steel [1] Group 1: Company Developments - Ansteel Group announced the global debut of its AG785 steel, which is designed for deep-sea applications [1] - The new steel is categorized as 785MPa grade, indicating its high strength and durability for deep-sea environments [1] Group 2: Industry Insights - According to Tianfeng Securities, deep-sea materials are primarily divided into two categories: structural materials for pressure-resistant shells and buoyancy materials for submersibles [1] - The development of high-performance steel, alloy materials, and composite materials is crucial for deep-sea applications [1] - The 2025 government work report emphasizes the promotion of new technologies and products in emerging industries such as deep-sea technology, which is expected to experience rapid growth alongside commercial aerospace and low-altitude economy [1]