Group 1 - The company Jiugang Hongxing (SH 600307) held its 26th meeting of the 8th Board of Directors on October 30, 2025, to review the Q3 2025 report [1] - For the year 2024, the revenue composition of Jiugang Hongxing is as follows: Steel accounts for 90.17%, Other businesses 6.03%, Coking industry 2.33%, Power products 1.42%, and Other industries 0.05% [1]

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》《上市公司 行业信息披露指引第七号-钢铁》相关要求，公司将2025年前三季度主要经营数据公 告如下： 一、 公司主要财务数据： 证券代码：600307 证券简称：酒钢宏兴 公告编号：2025-069 甘肃酒钢集团宏兴钢铁股份有限公司 2025年前三季度主要经营数据公告 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个别及连带责任。 二、报告期内，公司主要品种产量、销量、售价情况： | 主要产品 | 生产量 | 销售量 | 平均含税售价 | | --- | --- | --- | --- | | | (万吨) | (万吨) | (元/吨) | | 板带材 | 178.13 | 174.39 | 3,794.53 | | 线棒材 | 436.27 | 425.54 | 3,228.62 | | 不锈钢 | 34.64 | 34.48 | 9,951.77 | | 合计 | 649.04 | 634.41 | —— | 特此公告 甘肃酒钢集团宏兴钢铁股份有限公司董事会 2025年1 ...

证券代码：600307 证券简称：酒钢宏兴 公告编号：2025-068 本公司监事会及全体监事保证公告内容的真实、准确和完整，对公告的虚假记载、 误导性陈述或者重大遗漏负连带责任。 甘肃酒钢集团宏兴钢铁股份有限公司第八届监事会第十四次会议通知于 2025 年 10 月 20 日以邮件方式发送给各位监事。会议于 2025 年 10 月 30 日以现场方式召开， 会议由监事会主席李月强先生召集主持，应参加表决监事 5 名，实际参加表决监事 5 名，会议符合《公司法》和《公司章程》的有关规定。会议以记名投票的方式审议并 通过了《公司 2025 年第三季度报告》。 根据《中华人民共和国证券法》第八十二条的规定和中国证券监督管理委员会文 件的有关要求，公司监事在全面了解和审核公司 2025 年第三季度报告后，发表如下 书面意见： （1）公司 2025 年第三季度报告能够真实地反映公司的财务状况、经营成果和现 金流量情况； （2）公司 2025 年第三季度报告所披露的信息不存在虚假记载、误导性陈述或者 重大遗漏，并保证其内容的真实性、准确性和完整性； （3）公司严格遵守《上海证券交易所股票上市规则》及信息披露管理制度中有 ...

证券代码：600307 证券简称：酒钢宏兴 公告编号：2025-067 甘肃酒钢集团宏兴钢铁股份有限公司 第八届董事会第二十六次会议决议公告 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个别及连带责任。 甘肃酒钢集团宏兴钢铁股份有限公司第八届董事会第二十六次会议通知于 2025 年 10 月 20 日以邮件方式发送给各位董事、监事及高级管理人员。会议于 2025 年 10 月 30 日以现场结合通讯方式召开，由副董事长杜昕先生召集主持，应参加表决的董事 8 人， 实际表决的董事 8 人，公司监事、高级管理人员列席了本次会议，会议符合《公司法》 和《公司章程》的有关规定。会议以记名投票的方式审议并通过了以下议案： 1.审议通过了《公司 2025 年第三季度报告》； 根据《中华人民共和国证券法》第八十二条的规定和中国证券监督管理委员会文件 的有关要求，公司董事在全面了解和审核公司 2025 年第三季度报告后，发表如下书面 意见： 甘肃酒钢集团宏兴钢铁股份有限公司董事会 2025年10月31日 （1）公司 2025 年第三季度报告编制和审议 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥8,161,613,819.20, a decrease of 0.97% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥61,895,454.46, with a year-to-date loss of ¥710,621,303.70[3] - Total operating revenue for the first three quarters of 2025 was CNY 23.76 billion, a decrease of 7.8% compared to CNY 25.76 billion in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 710.62 million, an improvement from a loss of CNY 1.95 billion in the same period of 2024[19][20] - The company reported a basic and diluted earnings per share of CNY -0.1135 for the first three quarters of 2025, an improvement from CNY -0.3107 in 2024[20] Assets and Liabilities - The total assets increased by 6.39% to ¥50,202,205,955.89 compared to the end of the previous year[4] - As of September 30, 2025, the total assets of the company amounted to RMB 50,202,205,955.89, an increase from RMB 47,187,699,382.09 as of December 31, 2024, reflecting a growth of approximately 4.3%[15][17] - The company's current assets decreased to RMB 8,376,033,303.57 from RMB 9,022,030,734.11, representing a decline of about 7.2%[15] - The total liabilities increased to RMB 43,392,033,581.61 from RMB 39,628,325,103.79, indicating a rise of approximately 9.2%[16][17] - The company's long-term borrowings increased to RMB 15,025,743,595.43 from RMB 10,055,522,000.00, reflecting a significant rise of about 49.5%[16] Cash Flow - Cash flow from operating activities showed a net outflow of ¥948,788,581.07 year-to-date[3] - Cash flow from operating activities showed a net outflow of CNY 948.79 million, compared to a net outflow of CNY 1.45 billion in the previous year[22] - Cash flow from investing activities resulted in a net outflow of CNY 3.24 billion, slightly improved from a net outflow of CNY 3.55 billion in 2024[24] - Cash flow from financing activities generated a net inflow of CNY 3.67 billion, compared to CNY 3.60 billion in the same period of 2024[24] - The total cash and cash equivalents at the end of the period was CNY 1.11 billion, down from CNY 1.92 billion at the end of the same period in 2024[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 186,521[9] - The company completed a share repurchase of 69,991,600 shares, accounting for 1.117% of the total share capital, with a total expenditure of RMB 100,036,312.00[10] - The controlling shareholder, Jiugang Group, has cumulatively increased its stake by 250,918,978 shares, representing 4% of the total share capital, with a total investment of RMB 300 million[11] Research and Development - The company plans to focus on research and development in new energy steel products, as indicated by a 319.95% increase in development expenditures[7] - Research and development expenses for the first three quarters of 2025 were CNY 577.91 million, a decrease of 21.7% from CNY 737.59 million in 2024[19] Legal Matters - The company successfully defended against a patent infringement lawsuit, resulting in a favorable ruling that confirmed no infringement occurred[12] Inventory and Receivables - The accounts receivable increased by 38.09%, attributed to an increase in customer payments[7] - The company's inventory decreased to RMB 4,556,062,376.29 from RMB 4,829,914,943.04, a reduction of approximately 5.6%[15] - The company's retained earnings showed a deficit of RMB 7,637,436,362.57, worsening from a deficit of RMB 6,926,815,058.87[16]

Core Insights - The average stock price of A-shares is 14.06 yuan, with 28 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1][2] - Among the low-priced stocks, 12 are ST stocks, accounting for 42.86% of the total [1] - In terms of market performance, 11 of the low-priced stocks increased in price, with HNA Holding, ST Lingnan, and Jin Zheng Da showing the highest gains of 3.55%, 2.58%, and 1.68% respectively [1] Low-Priced Stocks Overview - The lowest priced stock is *ST Gao Hong at 0.38 yuan, followed by *ST Yuan Cheng at 0.86 yuan and *ST Su Wu at 0.96 yuan [1] - The daily performance of low-priced stocks shows that 11 stocks increased while 11 decreased, with *ST Yuan Cheng, ST Jing Lan, and ST Ming Cheng experiencing the largest declines of 4.44%, 2.25%, and 1.60% respectively [1] - The table of low-priced stocks includes various sectors such as telecommunications, construction decoration, pharmaceuticals, real estate, and steel [1][2]

Market Performance - The steel sector saw a slight increase of 0.2% on October 29, with Xinxing Casting leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Individual Stock Performance - Xinxing Casting (000778) closed at 4.38, up 2.82% with a trading volume of 1.77 million shares and a transaction value of 770 million [1] - Linggang Co. (600231) closed at 2.32, up 1.75% with a trading volume of 411,400 shares [1] - Liugang Co. (601003) closed at 5.17, up 1.37% with a trading volume of 232,600 shares [1] - Other notable performers include Nanjing Steel (600282) and Maanshan Steel (600808), with increases of 1.35% and 1.28% respectively [1] Fund Flow Analysis - The steel sector experienced a net outflow of 7.6 million from institutional investors and 98.63 million from speculative funds, while retail investors saw a net inflow of 106 million [2] - Xinxing Casting had a net outflow of 29.73 million from institutional investors, while retail investors contributed a net inflow of 6.71 million [3] - Chongqing Steel (601005) saw a net inflow of 25.28 million from institutional investors, indicating strong interest [3]

Market Overview - The steel sector experienced a decline of 1.81% on October 28, with Wujin Stainless Steel leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Individual Stock Performance - Notable gainers included: - Sangang Min Guang (002110) with a closing price of 4.48, up 0.90% on a trading volume of 784,300 shares and a turnover of 356 million yuan [1] - Ben Steel Plate (000761) closed at 3.63, up 0.83% with a trading volume of 141,200 shares and a turnover of 51.01 million yuan [1] - Significant decliners included: - Wujin Stainless Steel (603878) which fell 4.85% to a closing price of 10.60, with a trading volume of 356,800 shares and a turnover of 383 million yuan [2] - Baotou Steel (600010) decreased by 3.00% to 2.59, with a trading volume of 11,064,600 shares and a turnover of 2.892 billion yuan [2] Capital Flow Analysis - The steel sector saw a net outflow of 922 million yuan from main funds, while retail investors contributed a net inflow of 668 million yuan [2] - Key stocks with significant capital flow include: - Nanjing Steel (600282) with a net inflow of 20.27 million yuan from main funds, but a net outflow of 11.52 million yuan from retail investors [3] - Heibei Steel (000709) recorded a net inflow of 18.79 million yuan from main funds, while retail investors had a net outflow of 22.39 million yuan [3]

Summary of Key Points Core Viewpoint - The average stock price of A-shares is 13.94 yuan, with 26 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1][2] Group 1: Market Performance - As of October 27, the Shanghai Composite Index closed at 3996.94 points, with a notable presence of low-priced stocks in the market [1] - Among the low-priced stocks, 5 stocks increased in price, with Rongsheng Development, Chongqing Steel, and Shandong Steel showing gains of 1.23%, 0.66%, and 0.61% respectively [1] - Conversely, 14 stocks declined, with *ST Yuan Cheng, *ST Yun Wang, and *ST Su Wu experiencing the largest drops of 5.00%, 4.98%, and 4.72% respectively [1] Group 2: Low-Priced Stocks Overview - There are 26 stocks priced below 2 yuan, with 11 of them classified as ST stocks, representing 42.31% of the low-priced stocks [1] - The lowest priced stock is *ST Gao Hong at 0.38 yuan, followed by *ST Yuan Cheng at 0.95 yuan and *ST Su Wu at 1.01 yuan [1] - The table of low-priced stocks includes various sectors such as telecommunications, construction decoration, and pharmaceuticals, indicating a diverse industry representation among low-priced stocks [1][2]

Market Performance - The steel sector saw an increase of 1.78% on October 27, with Xinxing Casting leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Individual Stock Performance - Xinxing Casting (000778) closed at 4.32, up 6.93% with a trading volume of 4.0121 million shares and a transaction value of 1.76 billion [1] - Anyang Iron & Steel (600569) closed at 2.44, up 5.63%, with a trading volume of 1.571 million shares and a transaction value of 387 million [1] - Other notable performers include Sangang Min Guang (002110) up 3.98%, Baosteel (600019) up 1.82%, and Hualing Steel (000932) up 2.96% [1] Capital Flow - The steel sector experienced a net inflow of 680 million in main funds, while retail funds saw a net outflow of 355 million [2] - The main funds' net inflow for Xinxing Casting was 2.33 billion, representing 13.23% of its total trading volume [3] - Anyang Iron & Steel had a main fund net inflow of 84.75 million, accounting for 21.90% of its trading volume [3]