Core Viewpoint - The establishment of Ordos Huishi Intelligent Technology Co., Ltd. indicates a growing focus on technology and innovation in the region, with a diverse range of services and products aimed at various sectors, including software development and smart technology [1] Company Overview - Ordos Huishi Intelligent Technology Co., Ltd. has been recently established with a registered capital of 3 million RMB [1] - The legal representative of the company is Guo Xiaodong [1] Business Scope - The company’s business scope includes software development, digital technology services, and manufacturing of computer hardware and peripherals [1] - It also engages in the production of smart instruments and meters, industrial automation control systems, and intelligent unmanned aerial vehicles [1] - The company is involved in research and development of emerging energy technologies and IoT devices [1] - Additional services include technical consulting, technology transfer, and import-export activities [1]

Core Viewpoint - A new company, Ordos Hongwei Tianye Trading Co., Ltd., has been established with a registered capital of 500,000 RMB, indicating potential growth in the local trading sector [1] Company Summary - The legal representative of the company is Xue Hongwei [1] - The registered capital of the company is 500,000 RMB [1] - The company operates in various sectors including daily necessities, food sales (pre-packaged only), office supplies, labor protection products, fresh fruit wholesale, and more [1] Business Scope - The company is involved in general projects such as: - Sales of daily necessities and food (pre-packaged) - Wholesale of fresh fruits - Retail of daily appliances and kitchenware [1] - It also provides services in information technology consulting, tree planting, and labor services (excluding labor dispatch) [1] - The company is authorized to retail tobacco products, subject to regulatory approval [1]

Core Insights - The article highlights the improvements in logistics efficiency and cost reduction for enterprises in the Ordos Comprehensive Bonded Zone due to new customs measures [1][3]. Group 1: Customs Measures and Benefits - The "in-zone direct transfer" of goods allows for customs clearance without the need for physical entry and exit, significantly lowering logistics costs for companies [1]. - Various measures such as optimizing the "one ticket multiple vehicles" process and implementing warehouse management systems (WMS) for non-bonded goods have been introduced to enhance operational efficiency [1][3]. - From January to September 2025, enterprises in the Ordos Comprehensive Bonded Zone reported 48 "one ticket multiple vehicles" customs declarations and 7 batches of "in-zone direct transfer" with a total goods value of 255 million yuan, saving over 70,000 yuan in customs fees [1]. Group 2: Performance Evaluation and Future Plans - The Ordos Comprehensive Bonded Zone has improved its national performance ranking from 141st to 88th in 2024, marking a significant leap of 53 places [3]. - The customs authority is committed to implementing more effective innovative regulatory measures and providing supportive services to enhance customs clearance convenience and promote sustainable development of the bonded zone [3].

Core Viewpoint - The Ordos Market Supervision Administration conducted a comprehensive inspection of 10 legally established metrology verification institutions to strengthen public trust in measurement standards and ensure the accuracy of measurement services [1][2] Group 1: Inspection Overview - The inspection was carried out from July to September, focusing on the operational norms of the institutions, maintenance of measurement standards, and adherence to the "Regulations on the Supervision and Management of Legal Metrology Verification Institutions" [2] - The inspection emphasized the verification processes for consumer-related measurement tools, including household "three meters" (water, electricity, gas meters) and fuel dispensers, ensuring the accuracy of data [2] Group 2: Performance and Capacity - Ordos has a total of 14 legally established metrology technical institutions, with 8 being legally established and 6 authorized, covering various fields such as thermodynamics, mechanics, electromagnetism, optics, and chemistry [1] - From January to September of this year, the city verified a total of 288,200 mandatory measuring instruments, providing fair and efficient measurement services to businesses and the public [2]

Core Insights - The steel industry is experiencing a gradual recovery in demand, with a notable increase in apparent consumption and a decrease in inventory levels, indicating a potential stabilization in the market [1][3] - Despite the positive demand trends, profitability in the steel sector has declined, with significant drops in gross margins for key products, suggesting ongoing cost pressures [2] - The supply side is expected to continue its contraction, supported by government policies aimed at reducing production and promoting a balance between supply and demand [3] Demand and Supply Analysis - Apparent consumption of the five major steel products reached 8.7541 million tons, up by 1.2398 million tons week-on-week, with construction materials and sheet products also showing increases [1] - Total steel production was 8.5695 million tons, down by 0.0636 million tons, while total inventory decreased to 15.8226 million tons, down by 0.1846 million tons, maintaining a low level [1] - The operating rate of blast furnaces remained stable at 84.27%, while electric furnace operating rates increased slightly, indicating a mixed response in production capabilities [1] Profitability Trends - The average gross profit for rebar fell to 111.6 CNY per ton, down by 34.3 CNY per ton, and for hot-rolled coils, it dropped to 21.6 CNY per ton, down by 67.6 CNY per ton [2] - The profitability rate for 247 steel companies decreased to 55.41%, down by 0.87% week-on-week, reflecting the challenges faced by the industry [2] Future Outlook - The demand from the real estate sector is expected to weaken, but stable growth is anticipated in infrastructure and manufacturing, which may support overall steel demand [3] - The government has introduced policies to control production, aiming to phase out inefficient capacities and support advanced enterprises, which may lead to a quicker recovery in the steel industry's fundamentals [3] Investment Recommendations - Companies with leading technology and product structures, such as Baosteel (600019.SH) and Hualing Steel (000932.SZ), are recommended for their competitive advantages [5] - Low-valuation, high-dividend steel companies like CITIC Special Steel (000708.SZ) and Yongjin Shares (603995.SH) are also highlighted as attractive investment opportunities [5] - The report suggests a positive outlook for upstream resource companies, recommending firms like Hebei Steel Resources (000923.SZ) and Erdos (600295.SH) due to their long-term advantages [5]

Core Viewpoint - The focus of investment attraction in the Ordos City of Inner Mongolia is on creating a robust transportation infrastructure to enhance the business environment and facilitate enterprise development [1][2]. Group 1: Infrastructure Development - The Ordos High-tech Industrial Development Zone is prioritizing the construction of key road projects to support investment attraction and regional economic development [1]. - Key road projects include the South Railway Station access road, which aims to improve logistics efficiency for enterprises by addressing transportation bottlenecks [1][2]. - The East Project Area's Jing Si Road serves as an "industrial link" to connect eastern industrial clusters, promoting resource sharing and reducing collaboration costs [2]. Group 2: Impact on Investment Confidence - Improved transportation infrastructure has led to increased investment confidence among enterprises, with many companies reassessing their interest in settling in the area due to reduced logistics costs and enhanced commuting efficiency [2][3]. - The ongoing development of the road network is expected to create a "butterfly effect," translating into tangible results for investment attraction [2]. Group 3: Future Plans - The development zone plans to continue enhancing its infrastructure and service offerings to create a favorable environment for both domestic and international enterprises [3]. - The goal is to establish a comprehensive road network that facilitates cooperation and mutual benefits among businesses, thereby driving high-quality regional economic growth [3].

天眼查App显示，近日，鄂尔多斯市佳运宏商贸有限公司成立，法定代表人为吕馨，注册资本10万人民 币，经营范围为一般项目：电子元器件与机电组件设备销售；建筑材料销售；五金产品批发；五金产品 零售；轻质建筑材料销售；非金属矿及制品销售；砖瓦销售；新型陶瓷材料销售；建筑陶瓷制品销售； 日用陶瓷制品销售；卫生陶瓷制品销售；农副产品销售；工艺美术品及礼仪用品销售（象牙及其制品除 外）；门窗销售；建筑装饰材料销售；电线、电缆经营；电力设施器材销售；日用百货销售；办公用品 销售；办公设备销售；针纺织品及原料销售；针纺织品销售。（除依法须经批准的项目外，凭营业执照 依法自主开展经营活动）许可项目：食品销售。（依法须经批准的项目，经相关部门批准后方可开展经 营活动，具体经营项目以相关部门批准文件或许可证件为准）。 ...

Investment Rating - The report maintains an "Overweight" rating for the steel industry [5]. Core Viewpoints - Demand is expected to gradually bottom out, and supply-side market clearing has begun, indicating a potential recovery in the steel industry's fundamentals. If supply policies are implemented, the contraction of supply may accelerate, leading to quicker industry recovery [3][8]. - The report highlights a week-on-week increase in steel consumption and a decrease in inventory levels, suggesting a positive trend in demand recovery post-holiday [5][12]. - Profit margins for steel production have decreased, with average gross margins for rebar and hot-rolled coils declining significantly [5][42]. Summary by Sections Steel Prices and Inventory - Last week, the price of Shanghai rebar fell by 50 CNY/ton to 3210 CNY/ton, a decrease of 1.54%. Hot-rolled coil prices dropped by 120 CNY/ton to 3280 CNY/ton, a decline of 3.53% [8]. - Total inventory of major steel products decreased to 15.82 million tons, down 1.15% week-on-week [12]. Raw Materials - Iron ore spot prices decreased by 10 CNY/ton to 780 CNY/ton, while futures prices fell by 24.5 CNY/ton to 771 CNY/ton [51]. - Iron ore port inventory rose to 142.78 million tons, an increase of 1.81% [53]. Production and Profitability - The total steel production last week was 8.57 million tons, a decrease of 6.36 million tons week-on-week [36]. - The average gross margin for rebar was 111.6 CNY/ton, down 34.3 CNY/ton, while for hot-rolled coils, it was 21.6 CNY/ton, down 67.6 CNY/ton [42]. Market Outlook - The report anticipates that the demand for steel will stabilize, with a gradual recovery expected in the construction and manufacturing sectors, despite ongoing challenges in the real estate market [5][8]. - The steel industry is expected to benefit from policies aimed at reducing inefficient production capacity and promoting high-quality development [5].

Core Insights - A new company named "Sente Jia Shi He (Ordos) New Energy Technology Co., Ltd." has been established, focusing on electric motor manufacturing and related services [1] Company Overview - The new company has a registered capital of 15 million yuan [1] - The legal representative of the company is Ju Haihong [1] - The company is co-owned by Sente Co., Ltd. (603098) and Inner Mongolia Jia Shi He Energy Technology Co., Ltd. [1] Business Scope - The business operations include electric motor manufacturing, digital technology services, new energy power equipment manufacturing, power generation technology services, and photovoltaic equipment and components manufacturing [1]

Core Points - A new company named Ordos Warm City Mu Xiang Food Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Li Haiping [1] - The business scope includes retail of edible agricultural products, acquisition of primary agricultural products, initial processing of edible agricultural products, cargo transportation packaging services, and low-temperature storage [1] Business Scope - General projects include retail of edible agricultural products, acquisition of primary agricultural products, initial processing of edible agricultural products, cargo transportation packaging services, and low-temperature storage (excluding hazardous chemicals) [1] - The company is also involved in ordinary cargo transportation for vehicles with a total mass of 4.5 tons or less, excluding network transportation and hazardous goods [1] - Licensed projects include food sales and retail of tobacco products, which require approval from relevant authorities before operation [1]