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]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、预计的本期业绩情况 1. 业绩预告期间：2025 年 1 月 1 日-2025 年 12 月 31 日 2. 预计的经营业绩：亏损 按《中国企业会计准则》计算 证券代码：000898 证券简称：鞍钢股份 公告编号：2026-001 鞍钢股份有限公司 2025 年度业绩预告 | | 本报告期 | | | 上年同期 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 项目 | 2025 年 1 | 1 月 | 日- | 2024 年 | 1 | 月 | 1 | 日- | | | 年 2025 | 月 12 | 日 31 | 年 2024 | 12 | 月 | 31 | 日 | | 归属于上市公司股 | 亏损：人民币 | 4,077 | 百万元左右 | 亏损：人民币 | | 7,122 | | 百万元 | | 东的净利润 | 比上年同期减亏：约 | | 42.75% | | | | | | | 归属于上市公司股 东的扣除非经常性 | ...

每经AI快讯，港股钢铁股跌幅居前。截至发稿，中国罕王(03788.HK)跌10%，报4.32港元；鞍钢股份 (00347.HK)跌5.58%，报2.03港元；重庆钢铁股份(01053.HK)跌4.55%，报1.26港元；马鞍山钢铁股份 (00323.HK)跌4.24%，报2.71港元。 （文章来源：每日经济新闻） ...

Group 1 - Steel stocks experienced significant declines, with China Hanking (03788) down 10% to HKD 4.32, Ansteel (00347) down 5.58% to HKD 2.03, Chongqing Steel (01053) down 4.55% to HKD 1.26, and Maanshan Steel (00323) down 4.24% to HKD 2.71 [1] - The National Bureau of Statistics reported that China's crude steel production is expected to reach 960 million tons in 2025, a year-on-year decrease of 4.4%, marking the first time in six years that production falls below 1 billion tons [1] - The market anticipates that the apparent consumption of crude steel in 2025 will be 826 million tons (excluding steel billets), representing a year-on-year decline of 7.1%, indicating persistent supply-demand imbalances [1] Group 2 - According to Guotai Junan Securities, the demand for steel from the real estate sector is expected to continue its downward trend, but the negative impact of real estate on steel demand has significantly weakened [1] - Steel demand from infrastructure and manufacturing sectors is projected to grow steadily [1] - Approximately 60% of steel companies are currently operating at a loss, and market-driven supply adjustments have begun to emerge, with expectations for supply-side contraction to continue, leading to gradual recovery in the steel fundamentals [1]

格隆汇1月29日丨鞍钢股份(000898.SZ)在投资者互动平台表示，公司目前没有钛产业布局计划。 ...

Group 1 - Company Ansteel Co., Ltd. has recently obtained a patent for a low-cost J55 grade oil casing, with the patent application number CN202511387178.0 and authorization date set for January 9, 2026 [1] - The patent involves a seamless pipe manufacturing technology, specifically focusing on a low-cost J55 grade oil casing with specific chemical compositions, including C: 0.28%-0.32%, Si: 0.15%-0.25%, Mn: 0.8%-1.0%, P≤0.02%, S≤0.01%, Ti: 0.01%-0.02%, Al: 0.015%-0.025%, with the remainder being Fe and unavoidable impurities [1] - Ansteel has received a total of 163 patent authorizations this year, representing an increase of 1381.82% compared to the same period last year [1] Group 2 - In the first half of 2025, Ansteel invested 259 million yuan in research and development, which is a year-on-year increase of 35.6% [1] - The company has made investments in 54 enterprises and participated in 67,689 bidding projects [2] - Ansteel holds 15 trademark information entries, 10,953 patent information entries, 165 copyright information entries, and has 616 administrative licenses [2]

Core Viewpoint - Bank of America Securities predicts that 2026 will be a "Red Horse Year" for the Chinese base metals market, driven by favorable conditions for electrification and AI power infrastructure in 2023 due to factors such as a weak dollar and the US interest rate cut cycle [1] Group 1: Market Drivers - The supply of copper and aluminum remains tight [1] - Demand drivers for this year include a 10% year-on-year increase in grid investment, a 27% growth in electric vehicle battery production, a 41% increase in energy storage systems, and rising AI power demand [1] - The anti-involution policy is becoming more balanced, although recent enforcement has been weak [1] Group 2: Stock Recommendations - Preferred stocks include aluminum companies as alternative investments for AI power supply, with a forecasted price-to-earnings ratio between 8 to 10 times [1] - Positive outlook on gold, copper, lithium (including battery materials), and cobalt stocks; neutral view on coal; bearish on solar energy and construction materials (like steel) due to weak demand and declining steel profit margins [1] Group 3: Specific Stock Picks - Key stock picks include China Aluminum (601600) (02600), Zijin Mining (601899) (02899), China Hongqiao (01378), Shandong Gold (600547) (01787), and Ganfeng Lithium (002460) (01772) [1] - Underperforming stocks identified include Tongwei Co. (600438) (600438.SH), Xinyi Solar (00968), Ansteel (000898) (00347), and China Resources Cement (01313) [1]

Group 1 - The core viewpoint of the article is that 2026 is identified as the "Year of the Red Horse," which is favorable for the Chinese base metals market due to several key factors, including a weak US dollar and a US interest rate cut cycle benefiting metals [1] - Key demand drivers for this year include a 10% year-on-year increase in grid investment, a 27% growth in electric vehicle battery demand, a 41% increase in energy storage systems, and rising AI power demand [1] - Supply constraints for copper and aluminum are expected to continue, contributing to the overall market dynamics [1] Group 2 - The preferred investment stocks include aluminum companies, with a forecasted price-to-earnings ratio between 8 to 10 times, and a "buy" outlook on gold, copper, lithium (including battery materials), and cobalt stocks [1] - The company holds a neutral view on coal and a bearish outlook on solar energy and construction materials (such as steel) due to weak demand and declining steel profit margins [1] - Key stocks that are expected to underperform the market include Tongwei Co., Ltd. (600438.SH), Xinyi Solar (00968), Ansteel Group (00347), and China Resources Cement Technology (01313) [1]