Group 1 - The core viewpoint of the news is that Hangzhou Iron and Steel Co., Ltd. (杭钢股份) experienced a stock price increase of 6.29%, reaching 9.47 CNY per share, with a trading volume of 554 million CNY and a turnover rate of 1.81%, resulting in a total market capitalization of 31.982 billion CNY [1] - The company, established on February 25, 1998, and listed on March 11, 1998, is primarily engaged in the production and sales of steel and its rolling products, as well as trading of raw materials and steel products, and environmental protection services [1] - The main revenue composition of the company includes: 45.09% from waste 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 [1] Group 2 - From the perspective of fund holdings, one fund under Penghua Fund has a significant position in Hangzhou Iron and Steel, with the Penghua National Steel Industry Index (LOF) A (502023) increasing its holdings by 75,900 shares in the third quarter, totaling 2.7918 million shares, which accounts for 3.57% of the fund's net value, ranking as the sixth largest holding [2] - The Penghua National Steel Industry Index (LOF) A (502023) was established on August 13, 2015, with a current scale of 404 million CNY, achieving a year-to-date return of 30.17%, ranking 1700 out of 4216 in its category, and a one-year return of 24.03%, ranking 1527 out of 3951 [2]

格隆汇11月12日丨杭钢股份(600126.SH)在互动平台表示，公司没有直接参股长鑫存储。 ...

格隆汇11月12日丨杭钢股份(600126.SH)在互动平台表示，公司没有直接参股长鑫存储。 ...

Core Viewpoint - Hangzhou Steel Co., Ltd. has experienced a significant stock price increase of 86.19% year-to-date, despite a recent decline in trading performance and net capital outflow [1][2]. Financial Performance - For the period from January to September 2025, Hangzhou Steel reported operating revenue of 45.524 billion yuan, a year-on-year decrease of 5.67%, while net profit attributable to shareholders increased by 122.52% to 101 million yuan [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]. Stock Market Activity - As of November 12, 2025, Hangzhou Steel's stock price was 8.90 yuan per share, with a market capitalization of 30.057 billion yuan. The stock has seen a trading volume of 360 million yuan and a turnover rate of 1.19% [1]. - The company has appeared on the "龙虎榜" (a list of stocks with significant trading activity) 12 times this year, with the most recent appearance on April 16, 2025, showing a net buy of -56.8064 million yuan [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Hangzhou 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, notable changes include a 41.03% decrease in holdings by the Southern CSI 500 ETF and a 2.98% increase in holdings by Hong Kong Central Clearing Limited [3].

Core Viewpoint - Hangzhou Iron and Steel Co., Ltd. (the "Company") announced that its controlling shareholder, Hangzhou Iron and Steel Group Co., Ltd. (the "Group"), plans to issue non-publicly offered exchangeable bonds backed by its A-share stock holdings, having received a no-objection letter from the Shanghai Stock Exchange [1][2]. Group 1 - The Group directly holds 1,527,508,156 A-shares, accounting for approximately 45.23% of the Company's total issued share capital [2]. - The proposed exchangeable bonds will have a term of 3 years and aim to raise no more than RMB 1 billion (including 1 billion) [2]. - Holders of the exchangeable bonds will have the right to exchange their bonds for the Company's A-shares during the exchange period, subject to certain conditions [2]. Group 2 - The issuance of the exchangeable bonds has received a no-objection letter from the Shanghai Stock Exchange, which is valid for 12 months [2]. - The Group will choose the timing for the bond issuance based on its financial arrangements and market conditions within the validity period of the no-objection letter [2]. - The Company and the Group will fulfill their information disclosure obligations regarding the bond issuance and subsequent developments as required by regulations [2].

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 ...