公告称，亏损减少的原因为2025年，钢铁行业形势较上年有一定好转，但市场整体供强需弱态势局面尚 未根本改善。面对市场压力，本公司持续推进"聚焦价值创造、全面算账经营"工作，加大市场开拓和调 品力度，提升运营效率、深挖能源潜力，优化采购半径、着力系统降本，并先后安排主要产线大修改 造，提升市场竞争力，经营形势整体向好。 鞍钢股份（000898）(00347)跌超5%，截至发稿，跌5.45%，报1.91港元，成交2212.23万港元。 消息面上，1月30日，鞍钢股份发布公告，预期本公司(连同其子公司统称为"本集团")于截至2025年12 月31日止12个月归属于本公司股东的净亏损相比2024年同期将取得下降。归属于本公司股东的净亏损为 人民币40.77亿元左右，同比减亏人民币30.45亿元左右，减亏幅度约42.75%；归属于本公司股东的扣除 非经常性损益后的净亏损42.28亿元左右，比上年同期收窄约41.29%；基本每股亏损0.435元左右。 ...

Group 1 - As of January 31, 2025, 23 steel companies in the A-share market have disclosed performance forecasts, with approximately 78% expecting improved year-on-year results, including profit growth, turnaround from losses, or reduced losses [1] - Benxi Steel Plate Co., Ltd. forecasts a net loss of 3.83 billion yuan for 2025, a reduction in losses by 239.7 million yuan year-on-year [1] - Anshan Iron and Steel Co., Ltd. anticipates a net loss of about 4.08 billion yuan for 2025, with a year-on-year reduction in losses of approximately 42.75% [1] - Five companies, including Liuzhou Steel Co., Ltd., expect to turn losses into profits in 2025, while five others, including Jiangsu Shagang Co., Ltd., forecast varying degrees of profit growth [1] Group 2 - The core drivers for the steel industry's transition from losses to profits in 2025 include cost advantages, supply discipline, and unexpected export growth, indicating a shift from a deep adjustment phase to a recovery phase [2] - The significant improvement in the overall operating conditions and profitability of the steel industry is attributed to multiple factors, including structural growth in steel demand driven by manufacturing upgrades, effective control of ineffective supply, and stable or declining raw material prices [2] - The ongoing supply-side structural reforms and implementation of industry regulations are promoting the exit of backward production capacity and facilitating the industry's transition to high-quality development [2] Group 3 - In 2025, China's crude steel production is projected to be 961 million tons, a year-on-year decrease of 4.4%, while steel output is expected to reach 1.446 billion tons, a year-on-year increase of 3.1% [3] - China's steel exports are expected to reach a record high of 119 million tons in 2025, reflecting a year-on-year increase of 7.5% [3] - The steel industry's development model is undergoing profound changes, characterized by "reduction in quantity and optimization of stock" as the industry moves towards a more sustainable growth model [3] Group 4 - Lingyuan Iron and Steel Co., Ltd. emphasizes a focus on "reducing quantity and improving quality," aiming for intensive production and efficiency [4] - Benxi Steel Plate Co., Ltd. is committed to an efficiency-centered development approach, enhancing production efficiency and optimizing marketing channels to improve market competitiveness [4] - The industry is expected to transition towards high-end, green, and intelligent production, with accelerated exit of backward capacity and increased application of low-carbon technologies [4]

Major Events - Lanke Technology (06809) will conduct an IPO from January 30 to February 4, with an expected listing on February 9 [1] - Aixin Yuanzhi (00600) will conduct an IPO from January 30 to February 5, with an expected listing on February 10 [1] - Lexin Outdoor (02720) will conduct an IPO from January 31 to February 5, raising HKD 130 million from Horizon Capital and Huangshan Dejun [1] - Dongpeng Beverage (09980) sets the offer price at HKD 248 per share [1] - Zhonghui Biotech-B (02627) received approval from the National Medical Products Administration for a trivalent influenza virus subunit vaccine [1] - Kangzheng Pharmaceutical (00867) received approval for the first and only targeted drug for vitiligo treatment in China [1] - Shishi Pharmaceutical Group (02005) received production registration for Propafenone Hydrochloride Injection from the National Medical Products Administration [1] - China Aluminum (02600) plans to jointly acquire 68.6% of Brazilian Aluminum from Rio Tinto and will initiate a mandatory offer [1] - Yanzhou Coal Mining (01171) plans to transfer 100% equity of Inner Mongolia Xintai Coal [1] - Botai Car Union (02889) plans to collaborate with Ping An Property & Casualty to reconstruct the smart travel insurance ecosystem [1] - Jin Jing New Energy (01783) signed a strategic framework agreement with Tianqi Grand for lithium battery recycling and precious metal extraction [1] - Guangdong-Hong Kong-Macau Holdings (01396) subsidiary Hongce Data introduces Fudian Capital as a strategic investor for 40% equity [1] - China Mobile (00941), China Unicom (00762), and China Telecom (00728) will adjust the applicable scope of value-added tax for telecom services [1] Operating Performance - BYD Company (01211) sold approximately 210,000 new energy vehicles in January [2] - Geely Automobile (00175) reported total vehicle sales of 270,200 units in January, a year-on-year increase of about 1% [2] - Chery Automobile (09973) saw total sales of 191,500 vehicles in January, a year-on-year decrease of about 10.7% [2] - Seres (09927) reported total vehicle sales of 45,900 units in January, a year-on-year increase of 104.85% [2] - Great Wall Motors (02333) sold approximately 90,300 vehicles in January, a year-on-year increase of 11.59% [2] - Li Auto-W (02015) delivered 27,668 new vehicles in January, a year-on-year decrease of 7.5% [2] - NIO-SW (09866) delivered 27,182 vehicles in January, a year-on-year increase of 96.1% [2] - GAC Group (02238) reported vehicle sales of 116,600 units in January, a year-on-year increase of 18.47% [2] - Great Wall Motors (02333) released a preliminary report indicating a net profit attributable to shareholders of 9.912 billion yuan for 2025, a year-on-year decrease of 21.71% [2] - Shandong Gold (01787) expects a net profit attributable to shareholders of approximately 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% [2] Earnings Forecast - SF Express (09699) expects a year-on-year profit increase of no less than 80% for 2025 [3] - China International Capital Corporation (03908) anticipates a net profit attributable to shareholders of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% [3] - China Shenhua (01088) expects a year-on-year decline in net profit for 2025 [3] - Datang Power (00991) anticipates a net profit of approximately 6.8 billion to 7.8 billion yuan for 2025, a year-on-year increase of about 51% to 73% [3] - China Southern Airlines (01055) expects a net profit attributable to shareholders of 800 million to 1 billion yuan for 2025, turning a profit [3] - Air China (00753) warns of a net loss attributable to shareholders of approximately 1.3 billion to 1.9 billion yuan for 2025 [3] - China Eastern Airlines (00670) warns of a net loss attributable to shareholders of approximately 1.3 billion to 1.8 billion yuan for 2025 [3] - GAC Group (02238) expects a net loss attributable to shareholders of 8 billion to 9 billion yuan for 2025 [3] - Ansteel (00347) warns of a net loss attributable to shareholders of approximately 4.077 billion yuan for 2025, a year-on-year narrowing of 42.75% [3] - Junshi Biosciences (01877) warns of a net loss attributable to shareholders of approximately 873 million yuan for 2025, a year-on-year decrease of about 31.85% [3]

Core Viewpoint - The company, Ansteel Co., Ltd. (000898.SZ), expects a net profit loss of approximately 4.077 billion yuan for the year 2025, indicating a challenging market environment despite some improvements in the steel industry [1] Company Summary - The projected net profit loss for 2025 is around 4.077 billion yuan, with a net profit loss of approximately 4.228 billion yuan after excluding non-recurring gains and losses [1] - The company anticipates a year-on-year reduction in losses by about 3.045 billion yuan, representing a decrease in loss margin of approximately 42.75% [1] - The company is focusing on value creation and comprehensive operational management, enhancing market development, improving operational efficiency, and optimizing procurement strategies to strengthen its market competitiveness [1] Industry Summary - The steel industry is expected to show some improvement in 2025 compared to the previous year; however, the overall market remains characterized by strong supply and weak demand [1] - The company is undertaking major renovations of its main production lines to enhance competitiveness in the market [1]

Core Viewpoint - Ansteel Corporation (00347) anticipates a reduction in net loss attributable to shareholders for the 12 months ending December 31, 2025, compared to the same period in 2024, with a projected loss of approximately RMB 4.077 billion, representing a decrease of about RMB 3.045 billion or 42.75% [1] Financial Performance - The net loss attributable to shareholders is expected to be around RMB 4.077 billion, a reduction of approximately RMB 3.045 billion year-on-year, equating to a decrease of about 42.75% [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, is projected to be approximately RMB 4.228 billion, narrowing by about 41.29% compared to the previous year [1] - The basic loss per share is estimated to be around RMB 0.435 [1] Industry Context - The steel industry is expected to show some improvement in 2025 compared to the previous year, although the overall market remains characterized by strong supply and weak demand [1] - In response to market pressures, the company is focusing on value creation and comprehensive operational management, enhancing market development and product differentiation, improving operational efficiency, and optimizing procurement strategies [1] - The company has undertaken major modifications to key production lines to enhance market competitiveness, indicating an overall positive trend in operational conditions [1]

智通财经APP讯，鞍钢股份(00347)发布公告，预期本公司(连同其子公司统称为"本集团")于截至2025年 12月31日止12个月归属于本公司股东的净亏损相比2024年同期将取得下降。归属于本公司股东的净亏损 为人民币40.77亿元左右，同比减亏人民币30.45亿元左右，减亏幅度约42.75%;归属于本公司股东的扣除 非经常性损益后的净亏损42.28亿元左右，比上年同期收窄约41.29%;基本每股亏损0.435元左右。 公告称，亏损减少的原因为2025年，钢铁行业形势较上年有一定好转，但市场整体供强需弱态势局面尚 未根本改善。面对市场压力，本公司持续推进"聚焦价值创造、全面算账经营"工作，加大市场开拓和调 品力度，提升运营效率、深挖能源潜力，优化采购半径、着力系统降本，并先后安排主要产线大修改 造，提升市场竞争力，经营形势整体向好。 ...

Core Viewpoint - The steel industry is expected to improve in 2025 compared to the previous year, but the overall market remains characterized by strong supply and weak demand [1] Company Summary - Company is focusing on value creation and comprehensive operational accounting to address market pressures [1] - Efforts include enhancing market development, adjusting product mix, improving operational efficiency, tapping into energy potential, optimizing procurement radius, and implementing systematic cost reductions [1] - Major production lines have undergone significant renovations to enhance market competitiveness, leading to an overall improvement in operational conditions [1] - The net loss attributable to shareholders is projected to be approximately RMB 4.077 billion in 2025, representing a reduction in loss of about RMB 3.045 billion, or a decrease of approximately 42.75% year-on-year [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） 盈 利 預 告－虧 損 減 少 本公告乃由本公司根據深圳證券交易所股票上市規則的規定及香港 聯合交易所有限公司證券上市規則第13.09(2)條及香港法例第571章《證 券及期貨條例》第XIVA部有關披露義務的規定，在深圳及香港同步刊登。 董 事 會 謹 此 公 告，預 期 本 公 司 於 截 至 二 零 二 五 年 十 二 月 三 十 一 日 止 十二個月歸屬於本公司股東的淨虧損相比二零二四年同期將錄得下降。 股 東 及 有 意 投 資 者 在 買 賣 本 公 司 股 份 時 務 須 謹 慎 行 事。 鞍鋼股份有限公司 – 1 – 1 估計虧損減少 | | | | | | | | | | | | | 截至十二月三十一日止 | | | | --- | --- | --- | --- | --- | --- | -- ...

Core Viewpoint - Ansteel Co., Ltd. (000898) expects a net loss of approximately 4.077 billion yuan for the year 2025, which is an improvement from a loss of 7.122 billion yuan in the previous year, representing a year-on-year reduction in losses of about 42.75% [1] Group 1: Financial Performance - The projected net loss for 2025 is around 4.077 billion yuan, compared to a loss of 7.122 billion yuan in the previous year [1] - The company is expected to reduce its losses by approximately 42.75% year-on-year [1] Group 2: Industry Outlook - The steel industry is anticipated to improve in 2025, although the fundamental issue of strong supply and weak demand has not been fundamentally resolved [1] Group 3: Company Strategy - The company is focusing on value creation and operational efficiency by enhancing market development and adjusting product structure [1] - Initiatives include deepening energy potential, optimizing procurement to reduce costs, and implementing major modifications to production lines [1] - Overall, the company's operational situation is expected to improve [1]

Core Viewpoint - Ansteel Co., Ltd. expects a net profit loss of approximately RMB 4.077 billion for the fiscal year 2025, representing a year-on-year reduction in losses of 42.75% [1] Industry Summary - The steel industry is anticipated to show some improvement in 2025 compared to the previous year, although the overall market remains characterized by a strong supply and weak demand situation that has not fundamentally changed [1] Company Strategy - In response to market pressures, the company is focusing on "value creation and comprehensive accounting management" [1] - The company is increasing market development efforts and adjusting product mix to enhance operational efficiency and tap into energy potential [1] - Initiatives include optimizing procurement radius and implementing systematic cost reductions, alongside major renovations of key production lines to improve market competitiveness [1] - Overall, the company's operational situation is trending positively [1]