截至9月30日，杭钢股份股东户数21.88万，较上期减少4.77%；人均流通股15434股，较上期增加 5.01%。2025年1月-9月，杭钢股份实现营业收入455.24亿元，同比减少5.67%；归母净利润1.01亿元，同 比增长122.52%。 分红方面，杭钢股份A股上市后累计派现42.89亿元。近三年，累计派现3.38亿元。 机构持仓方面，截止2025年9月30日，杭钢股份十大流通股东中，南方中证500ETF（510500）位居第七 大流通股东，持股1963.13万股，相比上期减少41.03万股。香港中央结算有限公司位居第八大流通股 东，持股1438.94万股，相比上期增加2.98万股。国泰中证钢铁ETF（515210）位居第九大流通股东，持 股1346.63万股，相比上期增加836.37万股。 杭钢股份今年以来股价涨86.19%，近5个交易日跌1.87%，近20日跌2.73%，近60日跌0.22%。 今年以来杭钢股份已经12次登上龙虎榜，最近一次登上龙虎榜为4月16日，当日龙虎榜净买入-5680.64 万元；买入总计1.80亿元 ，占总成交额比5.33%；卖出总计2.37亿元 ，占总成交额比7.02%。 ...

截至本公告日，杭钢集团直接持有公司1,527,508,156股A股股份，约占公司已发行股本总额的45.23%。 本次可交换债券拟发行期限为3年，拟募集资金规模不超过人民币10亿元（含10亿元）。在满足换股条 件下，本次可交换债券的持有人有权在本次可交换债的换股期内将其所持有的本次可交换债券交换为本 公司A股股票。 本次可交换债券发行事项已获得上海证券交易所出具的《无异议函》。杭钢集团将在《无异议函》明确 的12个月有效期内，根据自身资金安排和市场情况，择机发行本次可交换债券。本次非公开发行可交换 公司债券事项正在同步履行相关主管部门的审批程序。本公司及杭钢集团将根据相关规定，对本次可交 换债券发行及后续进展及时履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 杭州钢铁股份有限公司董事会 杭州钢铁股份有限公司关于控股股东拟非公开发行可交换公司债券获上海证券交易所无异议函的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 杭州钢铁股份有限公司（以下简称"公司"）近日收到公司控股股东杭州钢铁集团有限公司（以下简 称"杭 ...

Core Viewpoint - The company, Hangzhou Steel Co., Ltd., announced that its controlling shareholder, Hangzhou Steel Group Co., Ltd., plans to issue non-publicly offered exchangeable bonds using part of its A-share stock as the underlying asset, with approval from the Shanghai Stock Exchange [1]. Group 1 - The company received a notification from its controlling shareholder regarding the issuance of exchangeable bonds [1]. - The exchangeable bonds will be backed by part of the A-share stock owned by Hangzhou Steel Group [1]. - The company has obtained a no-objection letter from the Shanghai Stock Exchange for the issuance of these bonds [1].

证券代码：600126 证券简称：杭钢股份 公告编号：临 2025-058 杭州钢铁股份有限公司 关于控股股东拟非公开发行可交换公司债券 获上海证券交易所无异议函的公告 截至本公告日，杭钢集团直接持有公司 1,527,508,156 股 A 股股份，约占公 司已发行股本总额的 45.23%。本次可交换债券拟发行期限为 3 年，拟募集资金 规模不超过人民币 10 亿元（含 10 亿元）。在满足换股条件下，本次可交换债券 的持有人有权在本次可交换债的换股期内将其所持有的本次可交换债券交换为 本公司 A 股股票。 本次可交换债券发行事项已获得上海证券交易所出具的《无异议函》。杭钢 集团将在《无异议函》明确的 12 个月有效期内，根据自身资金安排和市场情况， 择机发行本次可交换债券。本次非公开发行可交换公司债券事项正在同步履行相 关主管部门的审批程序。本公司及杭钢集团将根据相关规定，对本次可交换债券 发行及后续进展及时履行信息披露义务，敬请广大投资者注意投资风险。 1 特此公告。 杭州钢铁股份有限公司董事会 2025 年 11 月 11 日 2 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者 ...

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Report's Core View The report regularly tracks the latest private exchangeable bond (Private EB) project information from public channels, including basic elements such as issuance scale, underlying stocks, and project status. It emphasizes that the issuance terms and processes may change, and the final prospectus should be referred to. The latest update shows that the private exchangeable bond project of Hangzhou Iron & Steel Group Co., Ltd. in 2025 has been approved by the exchange [1]. 3. Summary by Related Catalog - **New Project Information**: Last week (20251103 - 20251107), the private exchangeable bond project of Hangzhou Iron & Steel Group Co., Ltd. in 2025 was approved by the exchange, with a proposed issuance scale of 1 billion yuan, and the underlying stock is Hangzhou Steel Co., Ltd. (600126.SH), and the lead underwriter is Zheshang Securities. The exchange updated the information on November 7, 2025 [1]. - **Project Status Table**: The table lists the status of multiple private exchangeable bond projects, including approved projects such as those of Yingfeng Group Co., Ltd. and Guangdong Guangxin Holdings Group Co., Ltd., and projects in the feedback stage such as those of Guangdong Shengyi Technology Co., Ltd. and New Hope Group Co., Ltd., as well as an accepted project of Strait Innovation Internet Co., Ltd. [3]

Group 1 - The company, Hangang Co., Ltd. (SH 600126), announced on November 5 that it received a notification from Chengtong Financial Holdings regarding the completion of a share reduction plan, with a total of approximately 34.63 million shares reduced, accounting for 1.03% of the company's total share capital [1] - For the year 2024, the revenue composition of Hangang Co., Ltd. is as follows: 47.17% from scrap materials, 31.96% from black metal smelting and rolling processing, 19.75% from raw materials and metal trading, 0.96% from other industries, and 0.16% from other businesses [1] - As of the report date, the market capitalization of Hangang Co., Ltd. is 30.6 billion yuan [1]

证券代码：600126 证券简称：杭钢股份 公告编号：2025-057 杭州钢铁股份有限公司 关于持股 5%以上股东减持股份结果公告 重要内容提示： 大股东持股的基本情况：本次减持计划实施前，杭州钢铁股份有限公司 （以下简称"公司"）持股 5%以上股东北京诚通金控投资有限公司（以下简称 "诚通金控"）持有公司股份 378,494,141 股，占公司总股本的 11.21%。 减持计划的实施结果情况： 2025 年 7 月 15 日，公司披露了《杭州钢铁股份有限公司关于持股 5%以上股 东减持股份计划公告》（公告编号：2025-040），诚通金控拟通过大宗交易方式减 持本公司股份合计不超过 67,543,781 股，减持股份占公司总股本的比例不超过 2%。 2025 年 9 月 17 日，公司披露了《杭州钢铁股份有限公司关于持股 5%以上股 东权益变动触及 1%刻度的提示性公告》（公告编号：临 2025-052），诚通金控于 2025 年 9 月 15 日通过大宗交易方式减持公司股份 28,768,699 股，占公司总股 本的 0.85%。该次权益变动后，诚通金控持有公司无限售条件流通股 349,725,442 ...

Core Viewpoint - Hangzhou Steel Group Co., Ltd. (600126.SH) announced the completion of a share reduction plan by Chengtong Financial Holdings, which involved a total reduction of 34.6287 million shares, accounting for 1.03% of the company's total share capital [1] Summary by Category - **Share Reduction Details** - Chengtong Financial Holdings reduced its holdings by 34.6287 million shares [1] - This reduction represents 1.03% of Hangzhou Steel's total share capital [1]

Core Viewpoint - Hangzhou Iron & Steel Co., Ltd. has shown significant stock performance with a year-to-date increase of 92.68%, despite a recent decline over the past 20 days [1][2]. Company Overview - Hangzhou Iron & Steel Co., Ltd. was established on February 25, 1998, and went public on March 11, 1998. The company is located in Hangzhou, Zhejiang Province, and its main business includes the production and sale of steel and its rolled products, trading of raw materials and steel, and environmental protection services [2]. - The revenue composition of the company includes: 45.09% from scrap materials, 23.34% from hot-rolled steel, 13.77% from raw materials, 8.15% from OEM steel, 7.05% from metal trading, 1.74% from other sources, and 0.87% from by-products [2]. - The company belongs to the steel industry, specifically the sub-sector of general steel and sheet products, and is associated with concepts such as state-owned assets cloud, DeepSeek concept, digital economy, Alibaba concept, and East Data West Computing [2]. Financial Performance - For the period from January to September 2025, Hangzhou Iron & Steel reported a revenue of 45.524 billion yuan, a year-on-year decrease of 5.67%. However, the net profit attributable to shareholders reached 101 million yuan, reflecting a significant year-on-year growth of 122.52% [2]. - The company has distributed a total of 4.289 billion yuan in dividends since its A-share listing, with 338 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Hangzhou Iron & Steel was 218,800, a decrease of 4.77% from the previous period. The average circulating shares per person increased by 5.01% to 15,434 shares [2]. - Among the top ten circulating shareholders, the Southern CSI 500 ETF held 19.6313 million shares, a decrease of 410,300 shares compared to the previous period. The Hong Kong Central Clearing Limited increased its holdings by 29,800 shares to 14.3894 million shares [3].

Core Viewpoint - Hangzhou Iron & Steel Co., Ltd. is a well-known steel enterprise in China, established in 1998, with a comprehensive industrial chain advantage in steel production and environmental protection [1] Group 1: Business Performance - For Q3 2025, Hangzhou Iron & Steel reported revenue of 45.524 billion yuan, ranking 10th in the industry, below the industry average of 59.833 billion yuan and median of 48.08 billion yuan [2] - The company's net profit for the same period was 99.6784 million yuan, ranking 11th in the industry, also below the industry average of 808 million yuan and median of 356 million yuan [2] - The main business composition includes 13.381 billion yuan from scrap materials (45.09%) and 6.926 billion yuan from hot-rolled steel (23.34%) [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 41.33%, an increase from 38.39% year-on-year, but still below the industry average of 63.37% [3] - The gross profit margin for Q3 2025 was 1.66%, up from 0.13% year-on-year, yet lower than the industry average of 5.68% [3] Group 3: Management and Shareholder Information - The chairman, Wu Dongming, has extensive qualifications and experience, while the general manager, Mu Chenhui, saw a salary reduction of 204,100 yuan in 2024 compared to 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 4.77% to 218,800, with an average holding of 15,400 shares, which increased by 5.01% [5] Group 4: Future Outlook - According to China Galaxy Securities, the company reported a total revenue of 29.676 billion yuan for the first half of 2025, a year-on-year decrease of 11.54%, with a net profit of -114 million yuan [6] - The forecast for revenue from 2025 to 2027 is 65.287 billion yuan, 77.405 billion yuan, and 93.280 billion yuan, reflecting growth rates of 2.55%, 18.56%, and 20.51% respectively [6]