在产品品质稳步筑牢的同时，方大特钢的市场销售也交出亮眼成绩单。据了解，今年1至11月，该公司 钢材产品工程直销量较去年同期增长102.32%，其中10月份单月工程直销量创下年内新高，11月份更是 创造了历年来的单月销量最高纪录，标志着工程销售能力达到了新的高度。 面对复杂多变的市场环境，方大特钢营销团队坚守"以客户为中心"的服务理念，持续深耕终端工程项 目，精准把握市场节奏。通过优化资源配置、强化产销协同、提供个性化解决方案等一系列举措，企业 不断巩固和扩大市场份额，年内成功开拓10余家新的工程类客户，为工程直销量的稳步攀升奠定了坚实 基础。公司销售相关人员表示，下一步将以当前的市场佳绩为起点，深挖市场潜力，全力冲刺四季度， 为完成全年经营指标打好收官之战。 日前获悉，方大特钢（600507）不仅主要产品顺利通过赣鄂湘三省联动质量监督抽查，产品品质再获权 威认可，还实现了工程直销量的大幅增长，以品质与销量的双丰收彰显企业硬核综合实力。 11月下旬，方大特钢收到江西省检验检测认证总院工业产品检验检测院出具的《产品质量监督抽查结果 通知单》，其生产的HPB300Φ10mm规格热轧光圆钢筋盘卷，在江西、湖北、湖南三 ...

一、提前离任的基本情况 ■ 二、离任对公司的影响 证券代码：600507 证券简称：方大特钢 公告编号：临2025-074 方大特钢科技股份有限公司 关于高级管理人员辞职的公告 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。 谢华强上述辞职事项自书面辞职报告送达董事会之日起生效，其离任不会影响公司的正常生产经营，离 任后谢华强将不在公司及公司控股子公司担任任何职务。公司董事会对谢华强在任职期间为公司发展所 做出的贡献表示感谢！ 特此公告。 方大特钢科技股份有限公司董事会 2025年12月3日 ...

证券日报网讯12月2日晚间，方大特钢（600507）发布公告称，谢华强因工作调整个人申请辞去副总经 理职务，预计2025年12月1日生效，离任后不再担任公司及控股子公司任何职务。 ...

证券代码：600507 证券简称：方大特钢 公告编号：临 2025-074 方大特钢科技股份有限公司 关于高级管理人员辞职的公告 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。 二、离任对公司的影响 谢华强上述辞职事项自书面辞职报告送达董事会之日起生效，其离任不会影 响公司的正常生产经营，离任后谢华强将不在公司及公司控股子公司担任任何职 务。公司董事会对谢华强在任职期间为公司发展所做出的贡献表示感谢！ 特此公告。 方大特钢科技股份有限公司董事会 2025 年 12 月 3 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 在上市公 司及其控 股子公司 任职 具体职 务（如 适用） 是否存在 未履行完 毕的公开 承诺 谢华强 副总经理 2025 年 12 月 1 日 2028 年 5 月 15 日 因工作调整 个人申请辞 职 否 不适用 否 一、提前离任的基本情况 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002075 | 沙钢股份 | 5.87 | -1.18% | 30.94万 | 1.82亿 | | 600399 | 抚顺特钢 | 5.32 | -0.93% | 20.27万 | 1.08亿 | | 002318 | 久立特材 | 24.54 | -0.89% | 4.08万 | 1.00亿 | | 000708 | 中信特钢 | 15.76 | -0.88% | 15.75万 | 2.49亿 | | 600507 | 方大特钢 | 5.96 | -0.67% | 27.55万 | 1.63亿 | | 300881 | 盛德整泰 | 33.30 | -0.51% | 1.00万 | 3341.55万 | | 002478 | 常宝股份 | 7.57 | -0.39% | 25.76万 | 1.94亿 | | 603995 | 角金股份 | 17.33 | 0.17% | 2.91万 | 5035.15万 | | 600117 | 西宁特钢 | ...

Core Viewpoint - Fangda Special Steel's stock price has shown a significant increase of 46.34% year-to-date, despite a recent decline in the last five and twenty trading days [2] Financial Performance - For the period from January to September 2025, Fangda Special Steel achieved a revenue of 13.233 billion yuan, a year-on-year decrease of 18.45%, while the net profit attributable to shareholders was 789 million yuan, reflecting a substantial year-on-year increase of 317.39% [2] - The company has distributed a total of 12.898 billion yuan in dividends since its A-share listing, with 308 million yuan distributed over the past three years [3] Stock Market Activity - As of December 2, Fangda Special Steel's stock price was 5.88 yuan per share, with a trading volume of 59.6688 million yuan and a turnover rate of 0.43%, resulting in a total market capitalization of 13.602 billion yuan [1] - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on July 22, where it recorded a net purchase of 1.66 billion yuan [2] Shareholder Structure - As of September 30, 2025, the number of shareholders for Fangda Special Steel was 70,100, a decrease of 17.58% from the previous period, with an average of 33,006 circulating shares per shareholder, an increase of 21.33% [2] - Notable new institutional shareholders include China Europe Dividend Advantage Flexible Allocation Mixed A and E Fund Stable Income Bond A, which are now among the top ten circulating shareholders [3]

Investment Rating - The industry investment rating is Neutral, maintained [9] Core Views - The expectation of overseas interest rate cuts is strengthening, which may lead to a corresponding adjustment in domestic monetary policy. The reserve requirement ratio is expected to trend downward, positively impacting short-term steel prices. Historical data shows that after 10 instances of reserve requirement cuts since 2020, the average increase in rebar prices was 20, 42, 45, 41, and 26 CNY/ton in the first five trading days post-cut, indicating a strong likelihood of price increases in the short term [2][6]. Summary by Sections Supply and Demand Dynamics - Steel inventory is being reduced smoothly, and there is a positive outlook for the real estate sector, leading to a slight increase in steel prices. However, the profitability of steel companies has not shown significant improvement due to sustained high prices of iron ore and coke. It is expected that steel production will continue to decline as companies proactively reduce inventory and conduct maintenance towards the end of the year. Demand may also weaken seasonally [4][5]. - The apparent consumption of five major steel products increased by 0.12% year-on-year but decreased by 0.81% month-on-month. The production of five major steel products decreased by 2.20% year-on-year but increased by 0.74% month-on-month, with daily molten iron production dropping to 2.3468 million tons [4][5]. Price Trends - Recent price trends show that Shanghai rebar has risen to 3,260 CNY/ton, an increase of 30 CNY/ton, while hot-rolled steel has reached 3,270 CNY/ton, up by 20 CNY/ton. The estimated profit for rebar is -134 CNY/ton, with a lagging cost profit of -99 CNY/ton [5]. Long-term Outlook - The renewed overseas interest rate cut cycle is expected to stabilize medium-term demand expectations for manufacturing. Although direct export demand for steel is limited, there is significant indirect demand through downstream sectors such as machinery, automotive, and home appliances. If overseas manufacturing recovers, it could stabilize steel manufacturing demand. The demand side for steel is expected to remain stable in 2026, driven by reduced production and improved cost structures [7][8].

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 in supply may accelerate, leading to quicker industry recovery [3][8]. - The report highlights a decrease in apparent steel consumption and inventory levels, with a total apparent consumption of 8.88 million tons, down 0.69% week-on-week but up 1.2% year-on-year [5][21]. - The report anticipates that the steel demand will stabilize, with a continued expectation of supply contraction. The negative impact of the real estate sector on steel demand is expected to diminish, while demand from infrastructure and manufacturing is projected to grow steadily [5][3]. Summary by Sections Steel - Steel prices have increased week-on-week, with Shanghai rebar prices rising by 30 CNY/ton to 3260 CNY/ton, a 0.93% increase. Total steel inventory decreased by 320,000 tons to 14.01 million tons [5][8]. - The operating rate of blast furnaces in 247 steel mills decreased to 81.09%, down 1.1 percentage points from the previous week [5][27]. - The average gross profit for rebar was 91 CNY/ton, up 30 CNY/ton from the previous week, while hot-rolled coil had a gross profit of -47 CNY/ton, an increase of 18.4 CNY/ton [5][36]. Raw Materials - Iron ore spot prices increased, with the price for PB powder rising by 2 CNY/ton to 793 CNY/ton, a 0.25% increase. The total inventory of iron ore at ports rose by 1% to 15.206 million tons [5][45][51]. - The total shipment volume of the four major iron ore producers decreased by 225,000 tons to 21.2 million tons [5][60]. Special Steel and New Materials - The report notes an increase in stainless steel prices and a recovery in industrial-grade and battery-grade lithium carbonate prices [5][4]. Macroeconomic Context - The crude steel production from January to October 2025 showed a year-on-year decline, with the construction and manufacturing sectors continuing to weaken [5][5.1]. Investment Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hualing Steel, as well as low-cost and flexible steel companies like Fangda Special Steel and New Steel [5].

证券之星消息，12月1日特钢板块较上一交易日上涨2.33%，中信特钢领涨。当日上证指数报收于 3914.01，上涨0.65%。深证成指报收于13146.72，上涨1.25%。特钢板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000708 | 中信特钢 | 15.90 | 4.95% | 26.71万 | 4.22 乙 | | 301160 | 翔楼新材 | 61.62 | 2.87% | 2.04万 | · 1.25亿 | | 000825 | 太钢不锈 | 4.11 | 2.75% | 64.93万 | 2.66亿 | | 002443 | 金洲管道 | 8.23 | 2.11% | 0 29.00万 | 2.36亿 | | 300881 | 盛德整泰 | 33.47 | 1.45% | 1.29万 | 4301.47万 | | 600399 | 抚顺特钢 | 5.37 | 1.13% | 39.49万 | 2.14亿 | | 603995 | 童金股份 | 17.30 ...

Core Viewpoint - Fangda Special Steel's significant profit growth in the first three quarters of 2025 is attributed to the return to operational substance after the removal of inflated earnings from total amount accounting, as well as the low base effect from 2024 [2][3]. Financial Performance - In the first three quarters of 2025, Fangda Special Steel reported revenue of 13.233 billion yuan, a year-on-year decline of 18.45%, while net profit surged by 317.39% to 789 million yuan [4][5]. - For Q3 2025, the company achieved revenue of 4.539 billion yuan, a quarter-on-quarter increase of 4.38% but a year-on-year decrease of 11.38%. Net profit for the same period reached 384 million yuan, reflecting a quarter-on-quarter growth of 147.94% and a year-on-year increase of 1368.10% [5][6]. Industry Context - The overall steel industry saw a revenue decline of 2.36% to 4.56 trillion yuan in the first three quarters of 2025, while costs decreased by 3.88%, indicating a narrowing gap between revenue and cost declines [3]. - The steel sector's profitability improved significantly, with the SW Steel Index reporting a revenue increase of 0.07% and a profit total of 13.087 billion yuan in Q3 2025, marking a year-on-year turnaround [3]. Operational Insights - Fangda Special Steel's production and sales figures for the first three quarters were nearly balanced, with production at 3.1549 million tons and sales at 3.1567 million tons, indicating that profit growth was not driven by a surge in sales volume [5]. - The company has been focusing on refining its operational management to maximize product benefits in response to market changes [5]. Challenges and Strategic Moves - The company faces internal challenges related to the commitment of asset injections from its parent group, Fangda Group, which has yet to materialize [9][10]. - Fangda Special Steel is exploring external growth opportunities through partnerships, notably with CATL in the new energy vehicle supply chain, and is also considering mergers and acquisitions to enhance its market position [11][12]. Future Outlook - The ability of Fangda Special Steel to navigate industry cyclicality and internal competition through resource integration and product innovation will be crucial for achieving sustainable growth [12].