Core Viewpoint - Hangzhou Steel Group Co., Ltd. reported a revenue of 15.848 billion yuan in the third quarter, reflecting a year-on-year growth of 7.70% [1] Financial Performance - The net profit attributable to shareholders of the listed company was 215 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 200 million yuan [1] - The basic earnings per share stood at 0.06 yuan [1]

Group 1 - Hangzhou Steel's revenue for the first three quarters of 2025 is approximately 45.524 billion yuan, a year-on-year decrease of 5.67% [1] - The net profit attributable to shareholders of the listed company is about 101 million yuan, with basic earnings per share of 0.03 yuan [1] - As of the report date, Hangzhou Steel's market capitalization is 30.4 billion yuan [2] Group 2 - The Chinese innovative drug sector has sold overseas authorizations worth 80 billion US dollars this year [2] - The secondary market for biomedicine is experiencing a boom, while the primary market is facing challenges in fundraising [2]

Core Insights - The company, Hangang Co., Ltd. (stock code: 600126), reported a third-quarter revenue of 15.848 billion yuan, reflecting a year-on-year growth of 7.7% [1] - The net profit for the third quarter was 215 million yuan [1] - For the first three quarters of 2025, the total revenue was 45.524 billion yuan, showing a year-on-year decline of 5.67% [1] - The net profit for the first three quarters was 101 million yuan, with a basic earnings per share of 0.03 yuan [1] - The performance changes were primarily influenced by Ningbo Steel turning profitable during the period and the recognition of investment income from the transfer of equity in recycling resources and recycling technology [1]

证券代码：600126 证券简称：杭钢股份 公告编号：临 2025-055 杭州钢铁股份有限公司 关于召开2025年第三季度业绩说明会的公告 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。 重要内容提示： （一）会议召开时间：2025 年 11 月 26 日（星期三）上午 9:00-10:00 （ 二 ） 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） ●会议召开时间：2025年11月26日（星期三）上午 9:00-10:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） ●会议召开方式：上证路演中心网络互动 ●投资者可于2025年11月19日（星期三）至2025年11月25日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 hggf@hzsteel.com进行提问。公 ...

证券代码：600126 证券简称：杭钢股份 公告编号：临2025—054 杭州钢铁股份有限公司 关于2025年前三季度经营数据的公告 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。 根据上海证券交易所《上市公司自律监管指引第3号——行业信息披露》以 及《关于做好主板上市公司2025年第三季度报告披露工作的重要提醒》的相关要 求，杭州钢铁股份有限公司现将2025年前三季度的主要经营数据（未经审计）公 告如下，请投资者审慎使用、注意投资风险。 | 经营指标 | 2025年1到9月 | 2024年1到9月 | 增减幅度（%） | | --- | --- | --- | --- | | 热卷产量（万吨） | 340.80 | 329.11 | 3.55 | | 热卷销量（万吨） | 341.86 | 328.95 | 3.92 | | 热卷平均不含税售价 | 3,044.68 | 3,417.09 | -10.90 | | （元/吨） | | | | 特此公告。 杭州钢铁股份有限公司董事会 2025年10月25日 ...

特此公告。 杭州钢铁股份有限公司（以下简称"公司"）董事会收到公司副总经理陈晓 东先生的辞职申请。陈晓东先生因工作变动原因申请辞去公司副总经理职务。辞 去上述职务后，陈晓东先生将不再继续在公司及下属子公司任职。 二、 离任对公司的影响 根据《中华人民共和国公司法》《杭州钢铁股份有限公司章程》等有关规定， 陈晓东先生的辞职自公司董事会收到辞职报告时生效。陈晓东先生不存在未履行 完毕的公开承诺，已按照公司相关规定完成了交接工作，其离任不会影响公司正 常的生产经营。截至本公告披露日，陈晓东先生未持有公司股份。 陈晓东先生在公司工作期间恪尽职守、勤勉尽责，公司及董事会对陈晓东先 生在任职期间所做出的贡献表示衷心感谢！ 证券代码：600126 证券简称：杭钢股份 公告编号：2025-056 杭州钢铁股份有限公司 关于公司高级管理人员离任的公告 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。 重要内容提示： 杭州钢铁股份有限公司董事会 2025 年 10 月 25 日 姓名 离任 职务 离任时间 原定任期 到期日 离任 原因 是否继续在上 ...

（一）审议通过《公司 2025 年第三季度报告》 本议案已经公司董事会审计委员会审议通过，董事会审计委员会审核后认为公 司 2025 年第三季度财务会计报表是按照现行会计准则的要求编制的，真实反映了公 司 2025 年第三季度末的财务状况以及 2025 年第三季度的经营成果和现金流量状况。 同意将此报告提交公司董事会审议。 证券代码:600126 证券简称:杭钢股份 公告编号:临 2025—053 杭州钢铁股份有限公司 第九届董事会第二十次会议决议公告 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。 一、董事会会议召开情况 杭州钢铁股份有限公司（以下简称"公司"）第九届董事会第二十次会议通 知于 2025 年 10 月 16 日以电子邮件、传真或书面送达方式通知各位董事，会议 于 2025 年 10 月 23 日以通讯方式召开，本次会议应到董事 9 人，实际到会董事 9 人。本次会议的召开符合《公司法》及《公司章程》关于董事会召开的有关规 定。 二、董事会会议审议情况 本次会议采用记名投票方式，审议通过如下议案： 2 表决结果 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥15,848,193,594.78, an increase of 7.70% compared to the same period last year[5] - The net profit attributable to shareholders was ¥214,828,464.98, with a year-to-date net profit of ¥100,602,297.73, reflecting a decrease of 5.67% compared to the previous year[5] - The net cash flow from operating activities was ¥2,442,474,967.10, showing a significant increase of 30.97% year-on-year[5] - The weighted average return on equity increased by 3.17 percentage points to 1.11% compared to the previous year[6] - The total profit and net profit attributable to the parent company saw significant improvement, driven by Ningbo Steel's turnaround and investment income from the transfer of recycling resources and technology equity[11] - Operating profit for the first three quarters of 2025 was CNY 124.03 million, a significant improvement from a loss of CNY 372.24 million in the same period of 2024[22] - Net profit for the first three quarters of 2025 reached CNY 110.90 million, compared to a loss of CNY 374.46 million in the previous year[22] - The net profit for the first three quarters of 2025 is CNY 99,678,352.45, a significant recovery from a net loss of CNY 446,827,946.42 in the same period of 2024[23] - The total comprehensive income for the first three quarters of 2025 is CNY 98,166,629.96, compared to a total comprehensive loss of CNY 455,206,869.01 in 2024[23] - The company reported investment income of CNY 181,670,358.65 for the first three quarters of 2025, compared to CNY 135,852,668.72 in 2024, an increase of 33.73%[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥33,667,909,363.65, representing a 1.97% increase from the end of the previous year[6] - Total assets as of September 30, 2025, amounted to CNY 33.67 billion, an increase from CNY 33.02 billion at the end of 2024[19] - Total liabilities as of September 30, 2025, were CNY 13.92 billion, compared to CNY 13.42 billion at the end of 2024, reflecting a 3.7% increase[19] - The company’s total current assets as of September 30, 2025, are CNY 7,572,543,969.02, an increase from CNY 7,064,997,814.49 at the end of 2024[27] - Total liabilities amounted to CNY 4,665,087,302.14, up from CNY 4,312,816,209.94, indicating an increase of 8.16%[29] Cash Flow - The total net cash flow from operating activities increased to 1,089.81 million RMB, primarily due to a 16.08% increase in cash received from sales of goods and services[11] - Cash and cash equivalents increased to CNY 9.03 billion as of September 30, 2025, up 34.4% from CNY 6.73 billion at the end of 2024[18] - Cash flow from operating activities showed a net outflow of CNY -5,033,374.69, contrasting with a net inflow of CNY 119,036,660.47 in the previous year[35] - Investment activities generated a net cash inflow of CNY 1,003,196,664.84, compared to a net outflow of CNY -1,854,886,683.25 in the same period last year[35] - The net cash flow from investing activities for the first three quarters of 2025 is -CNY 463,304,332.13, an improvement from -CNY 2,554,880,020.90 in 2024[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 218,814[13] - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 1,527,508,156 shares, representing 45.23% of the total shares[14] Investments and Equity - The company made a significant investment of ¥500 million in a resource recycling company during the reporting period, leading to a 3,593.06% increase in long-term equity investments[10] - The company recognized an investment income increase of 485.88% due to the transfer of equity in the recycling resource and technology companies[10] - The company experienced a 30.31% increase in minority shareholders' equity, influenced by the transfer of 97% equity in a recycling resource company[10] - The company completed the transfer of 97% equity in its subsidiary Zhejiang New Century Recycling Development Co., Ltd. for 220,975,403.05 RMB and 100% equity in Zhejiang Deqing Hangang Fuchun Recycling Technology Co., Ltd. for 287,213,507.51 RMB[16] Expenses and Income - The company experienced a significant increase in non-operating expenses, totaling 267.55 million RMB, primarily due to litigation losses recognized by its recycling subsidiary[11] - The company reported a decrease of 44.62% in other income, mainly due to reduced government subsidies received by its subsidiaries[10] - The company’s income tax expense decreased by 84.49 million RMB compared to the same period last year[11] - The company reported an increase in asset impairment losses, totaling 283.63 million RMB, mainly due to higher inventory write-downs[11] - The company’s financial expenses included interest expenses of CNY 36,346,212.43, down from CNY 90,400,157.76 in the previous year, showing a decrease of 59.83%[31] Future Outlook - The company aims to optimize its asset structure and focus on its core steel business and digital economy by divesting from non-core subsidiaries[16] - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements at the beginning of the year[36] - The announcement was made by the Board of Directors of Hangzhou Iron & Steel Co., Ltd. on October 23, 2025[37]

Core Viewpoint - The company reported a revenue of 15.848 billion yuan in the third quarter, representing a year-on-year increase of 7.70%, while the net profit was 215 million yuan [1] - For the first three quarters, the company achieved a revenue of 45.524 billion yuan, showing a year-on-year decline of 5.67%, with a net profit of 101 million yuan [1] Summary by Category Revenue Performance - Third quarter revenue reached 15.848 billion yuan, up 7.70% year-on-year [1] - Year-to-date revenue for the first three quarters was 45.524 billion yuan, down 5.67% compared to the previous year [1] Profitability - The net profit for the third quarter was 215 million yuan [1] - The net profit for the first three quarters totaled 101 million yuan [1]

Market Overview - On October 23, the steel sector rose by 0.32% compared to the previous trading day, with Nanjing Steel leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Stock Performance - Nanjing Steel (600282) closed at 5.26, up 2.14% with a trading volume of 340,700 shares and a turnover of 177 million yuan [1] - Anyang Iron & Steel (600569) closed at 2.44, up 1.67% with a trading volume of 373,700 shares [1] - New Century Steel (000778) closed at 4.00, up 1.27% with a trading volume of 563,300 shares [1] - Hebei Steel (000709) closed at 2.59, up 1.17% with a trading volume of 1,917,500 shares [1] - Ansteel (000898) closed at 2.77, up 1.09% with a trading volume of 367,000 shares [1] Fund Flow Analysis - The steel sector experienced a net outflow of 417 million yuan from institutional investors, while retail investors saw a net inflow of 382 million yuan [2] - The top stocks with significant fund flow include: - Wujin Stainless Steel (603878) with a net inflow of 12.92 million yuan from institutional investors [3] - Youfa Group (601686) with a net inflow of 12.74 million yuan from institutional investors [3] - Chongqing Steel (601005) with a net inflow of 11.07 million yuan from institutional investors [3]