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]

Group 1 - Ansteel Co., Ltd. (鞍钢股份) shares rose over 4%, specifically by 4.09%, reaching HKD 2.29 with a trading volume of HKD 24.02 million [1] - Ansteel Group announced the global launch of its AG785 ball tank steel, which is a high-strength, high-toughness, and high-pressure deep-sea container material [1] - Tianfeng Securities highlighted that deep-sea applications primarily utilize two types of materials: structural materials for pressure-resistant shells and buoyancy materials for submersibles [1] Group 2 - The government work report for 2025 emphasizes the promotion of new technologies, products, and large-scale application demonstrations in emerging industries, including deep-sea technology [1] - Deep-sea technology is expected to experience rapid development alongside commercial aerospace and low-altitude economy, particularly in core technology areas such as deep-sea equipment and exploration [1]

金融界消息 截至2025年8月4日收盘，鞍钢股份（000898）报收于2.66元，下跌1.12%，换手率0.82%， 成交量65.45万手，成交金额1.74亿元。 通过天眼查大数据分析，鞍钢股份有限公司共对外投资了52家企业，参与招投标项目5000次，知识产权 方面有商标信息5条，专利信息5000条，此外企业还拥有行政许可615个。 来源：金融界 天眼查商业履历信息显示，鞍钢股份有限公司，成立于1998年，位于鞍山市，是一家以从事黑色金属冶 炼和压延加工业为主的企业。企业注册资本936922.1258万人民币，实缴资本936922.1258万人民币。公 司法定代表人为王军。 资金流向方面，今日主力资金净流入3118.77万元，占比成交额17.92%。其中，超大单净流入3186.85万 元、占成交额18.31%，大单净流出68.08万元、占成交额0.39%，中单净流出流出3448.34万元、占成交 额19.81%，小单净流入329.56万元、占成交额1.89%。 鞍钢股份最新一期业绩显示，截至2025一季报，公司营业总收入250.79亿元、同比减少9.89%，归属净 利润55400.00万元，同比增长66.55 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 鞍鋼股份有限公司(備註1) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00347 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,411,540,000 | RMB | | | 1 RMB | | 1,411,540,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 1,411,540,000 | RMB | | | 1 RMB | | 1,411,540,000 | | 2. 股 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 鞍鋼股份有限公司(備註1) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00347 | 說明 | H股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,411,540,000 | RMB | | | 1 RMB | | 1,411,540,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 1,411,540,000 | RMB | | | 1 RMB | | 1,411,540,000 | | 2. 股 ...

天眼查商业履历信息显示，鞍钢股份有限公司，成立于1998年，位于鞍山市，是一家以从事黑色金属冶 炼和压延加工业为主的企业。企业注册资本936922.1258万人民币，实缴资本936922.1258万人民币。公 司法定代表人为王军。 通过天眼查大数据分析，鞍钢股份有限公司共对外投资了52家企业，参与招投标项目5000次，知识产权 方面有商标信息5条，专利信息5000条，此外企业还拥有行政许可614个。 来源：金融界 金融界消息 截至2025年7月31日收盘，鞍钢股份（000898）报收于2.74元，下跌4.86%，换手率0.78%， 成交量61.95万手，成交金额1.71亿元。 资金流向方面，今日主力资金净流出1500.67万元，占比成交额8.75%。其中，超大单净流出1326.43万 元、占成交额7.74%，大单净流出174.24万元、占成交额1.02%，中单净流出流入367.55万元、占成交额 2.14%，小单净流入1133.12万元、占成交额6.61%。 鞍钢股份最新一期业绩显示，截至2025一季报，公司营业总收入250.79亿元、同比减少9.89%，归属净 利润55400.00万元，同比增长66.55% ...

钢铁股跌幅居前，截至发稿，马鞍山钢铁股份(00323)跌6.41%，报2.19港元；重庆钢铁股份(01053)跌 6.02%，报1.56港元；鞍钢股份(00347)跌6.15%，报2.29港元；中国东方集团(00581)跌4.95%，报1.92港 元。 东方证券近期发布研报称，当前部分投资者认为，钢铁板块反内卷只是短期主题投资，不具有持续性， 本周钢铁板块已经在"反内卷"政策概念推动下涨幅过高，行情或将冲顶结束，对板块的上行空间保持怀 疑。该行认为，从当前时点来看，钢铁行业在供给侧、成本端以及利润释放角度均存边际变化预期，总 体存在3个中期利好逻辑，而"反内卷"政策概念的提出或将短期催化中期投资逻辑的实现。在3+1逻辑闭 环下钢企盈利释放有望加速实现，因此钢铁板块在"反内卷"背景下是具有基本面支撑的中期投资价值 的，钢铁板块仍然大有可为。 本文源自：智通财经网 消息面上，上半年中钢协重点统计钢铁企业累计营业收入为29985亿元，同比下降5.79%；营业成本为 28055亿元，同比下降6.83%；利润总额为592亿元，同比增长63.26%；平均利润率为1.97%，同比上升 0.83个百分点。中国钢铁工业协会会长 ...