Core Viewpoint - The steel industry has seen a profit rebound in the first half of the year, driven by cost reductions, export boosts, and proactive cost-cutting measures by companies, with self-discipline in production being a key factor for profit improvement [1][4][6]. Group 1: Company Performance - Several listed steel companies have issued positive performance forecasts for the first half of the year, with notable increases in net profits: - Shougang Co. expects a net profit of 642 million to 672 million yuan, a year-on-year increase of 62.62%-70.22% [2] - Minmetals Development anticipates a net profit of 107 million yuan, up 111% [2] - Liugang Co. projects a net profit of 340 million to 400 million yuan, a staggering increase of 530%-641% [2] - Fangda Special Steel expects a net profit of 380 million to 430 million yuan, an increase of 133.33%-164.03% [2] - Other companies like Xinyu Steel, Shandong Steel, and others forecast a turnaround in profitability for the first half of 2025 [2]. Group 2: Industry Trends - The steel industry is experiencing a reduction in production and structural adjustments, with weak steel prices prevailing [2][4]. - The overall profit for the black metal smelting and rolling industry from January to May reached 31.69 billion yuan, better than the 29.19 billion yuan for the entire year of 2024 [4]. - The self-discipline in production among steel companies is seen as a core factor for profit improvement, despite ongoing supply-demand structural contradictions [4][5]. Group 3: Future Outlook - The outlook for steel prices in the second half of the year is uncertain, with expectations of limited upward movement due to weak domestic demand and potential challenges in maintaining high export levels [6][7]. - Analysts suggest that self-discipline in production will remain a critical variable influencing price trends, with a focus on quality and efficiency rather than merely high production volumes [7][8]. - The industry is urged to enhance integration, improve industry concentration, and phase out inefficient production capacities to achieve high-quality development [8].

Core Viewpoint - Ma'anshan is positioning itself as a key city in the Yangtze River Delta, focusing on the development of new quality productive forces and a modern industrial system that integrates traditional industries, emerging industries, future industries, and modern services [1][5][11]. Group 1: Economic Performance - In 2024, Ma'anshan's GDP is projected to reach 278.46 billion yuan, with a growth rate of 6.0% compared to the previous year [5]. - The primary industry added value is 11.4 billion yuan (3.5% growth), the secondary industry 120.93 billion yuan (6.6% growth), and the tertiary industry 146.13 billion yuan (5.7% growth) [5]. - The industrial added value is expected to be 87.92 billion yuan, also growing by 6.0% [5]. Group 2: New Quality Productive Forces Overview - New quality productive forces emphasize innovation as the main driving force, characterized by high technology, efficiency, and quality, aligning with new development concepts [2][3]. - This concept is crucial for promoting high-quality economic development and constructing a modern industrial system [3]. Group 3: Modern Industrial System - Ma'anshan is building a modern industrial system based on "four-dimensional driving and tiered development," focusing on traditional industry upgrades, emerging industry clusters, future industry layouts, and modern service enhancements [1][17]. - The strategy includes transforming traditional industries like steel and machinery through intelligent upgrades and promoting new industries such as intelligent equipment and high-end CNC machine tools [17]. Group 4: Key Industries and Companies - Key industries in Ma'anshan include steel, new materials, new energy vehicles, high-end equipment manufacturing, biomedicine, and digital economy [23]. - Representative companies include Ma'anshan Iron and Steel Co., Ltd., Hanma Technology, and East China Semiconductor, which are leading in their respective fields [23][24]. Group 5: Policy Background and Support - The concept of new quality productive forces was included in the government work report for the first time in 2024, emphasizing innovation and the transition from traditional economic growth models [11]. - Ma'anshan has implemented various policies to support the development of new quality productive forces, including digital empowerment and the cultivation of strategic industry clusters [11][14]. Group 6: Development Trends - The city is advancing traditional industry upgrades alongside the rise of emerging industries, with a focus on technological innovation [26][27]. - Future industries are being actively developed, with a focus on advanced materials, general intelligence, and low-carbon energy [28]. - The innovation ecosystem is being optimized, with a strong emphasis on talent support and collaboration between industry and academia [29].

Group 1: Overall Performance of Central Enterprises - 79 central enterprise-controlled listed companies reported positive performance forecasts for the first half of the year, with 32 companies showing year-on-year net profit growth, 22 companies turning losses into profits, and 25 companies reducing losses [1] - 19 central enterprise-controlled listed companies expect a net profit increase of over 100%, with several companies achieving significant turnaround from losses [1] Group 2: Power Sector Performance - Huayin Power, a subsidiary of China Datang Group, is expected to lead the growth with a projected net profit of 180 million to 220 million yuan, representing a year-on-year increase of up to 44 times due to increased power generation and reduced fuel costs [2] - Major investments in the power grid and ultra-high voltage construction by State Grid and Southern Power Grid are expected to drive growth in related companies, with Guodian Nanzi and Baobian Electric forecasting net profit increases of 171.89% to 225.66% and 229.15%, respectively [2] Group 3: Electric Equipment and Cable Industry - Baobian Electric's profit increase is attributed to enhanced market development and increased project orders, while Baoshan Co. anticipates a net profit growth of 167.98% to 301.98% due to optimized sales policies and improved internal management [3] - New Energy Taishan is expected to turn losses into profits in the first half of the year, reflecting a positive trend in the electric cable sector [3] Group 4: Shipbuilding and Rare Earth Industries - The shipbuilding sector is experiencing significant growth, with companies like China Shipbuilding, China Power, and China Heavy Industry expecting net profit increases exceeding 200% due to effective management and increased delivery of civilian ships [5] - The rare earth industry is also thriving, with companies like China Rare Earth and Guangsheng Nonferrous Metals expected to turn losses into profits, driven by rising prices of rare earth products [4] Group 5: Turnaround Companies - 22 central enterprise-controlled listed companies are expected to turn losses into profits, with quality improvement and efficiency enhancement being key factors for their performance recovery [6] - Companies like Zhongnan Co. and Taiji Co. have reported successful turnarounds due to strengthened management and cost control measures [6][7] Group 6: Management and Efficiency Improvements - Many companies achieving year-on-year growth or reduced losses attribute their success to ongoing quality improvement and efficiency enhancement initiatives [7] - Companies are focusing on optimizing resource allocation, controlling costs, and improving operational efficiency as critical drivers of performance growth [7]

Overview - The metallurgical industry in China is focusing on energy conservation and emission reduction, aiming to minimize energy consumption and pollutant emissions while ensuring product quality and output [1][9][21] - In 2024, total investment in energy conservation and emission reduction by metallurgical enterprises is projected to decrease to 42 billion yuan, with energy-saving benefits dropping to 13 billion yuan [11] Market Policies - The Chinese government has implemented a series of policies to promote energy conservation and carbon reduction in the metallurgical industry, including action plans and guidelines aimed at reducing energy consumption and carbon emissions [4][6] - Specific targets for comprehensive energy consumption and carbon emission intensity in the steel industry have been established to guide the development of energy conservation and emission reduction efforts [4][6] Industry Chain - The energy conservation and emission reduction industry in metallurgy includes manufacturers of energy-saving equipment, technology providers, and software service providers [7] - The upstream supply chain consists of raw material suppliers, component manufacturers, and research institutions, while the downstream market primarily targets the steel and non-ferrous metal industries [7] Current Development - In 2023, the metallurgical industry consumed 680 million tons of standard coal and emitted 1.98 billion tons of CO2, with significant reductions expected in 2024 due to policy support [9][11] - The environmental cost per ton of steel is approximately 138 yuan, with carbon trading revenues estimated at 3.5 billion yuan [11] Competitive Landscape - Major players in the industry include large metallurgical groups like Baowu Steel and Hebei Iron and Steel, which are leading the development of energy-saving technologies [13][16] - Specialized energy-saving technology companies, such as China Metallurgical Group, focus on specific areas like waste heat recovery and flue gas purification [13][18] Future Trends - The dual carbon goals and related policies will continue to drive the metallurgical industry towards stricter energy consumption and emission standards [21] - The adoption of electric furnace short-process steelmaking technology is expected to increase, gradually shifting the industry away from traditional long-process methods [21]

Core Viewpoint - The company expects to report a net profit of approximately -0.75 billion RMB for the first half of 2025, which represents a reduction in losses of about 10.70 billion RMB compared to the same period last year [1][2]. Performance Forecast - The performance forecast period is for the first half of 2025 [1]. - The company anticipates a net profit attributable to shareholders of approximately -0.75 billion RMB, a decrease in losses of about 10.70 billion RMB compared to the same period last year. The net profit after deducting non-recurring gains and losses is expected to be around -1.13 billion RMB, which is a reduction in losses of approximately 11.24 billion RMB compared to the previous year [1][2]. - The forecasted performance has not been audited by registered accountants [1]. Previous Year Performance - In the first half of 2024, the net profit attributable to shareholders was -11.45 billion RMB, and the net profit after deducting non-recurring gains and losses was -12.37 billion RMB [1]. Reasons for Performance Improvement - The improvement in performance is attributed to enhanced industry self-discipline and overall stable industry operations, leading to better corporate efficiency. The company has adhered to the "Four Have" operational principles, improved efficiency through reform and innovation, and focused on product management to optimize product structure [2]. - The company has implemented comprehensive cost reduction and quality enhancement measures, resulting in a reduction of approximately 91 RMB in cost per ton of steel compared to the previous year. Special steel products have achieved positive gross margins for four consecutive months, while long products have done so for five consecutive months [2]. - The net income from non-recurring gains and losses includes gains from the disposal of non-current assets and government subsidies, amounting to approximately 0.38 billion RMB [2].

Group 1 - The company, Maanshan Iron & Steel Co., Ltd., is set to hold its second extraordinary general meeting of shareholders on July 30, 2025, at 13:30, utilizing a combination of on-site and online voting methods [1][2] - The record date for shareholders to participate in the meeting is July 24, 2025 [1] - The company aims to enhance service for small and medium investors by using Shanghai Stock Exchange Information Co., Ltd. to provide a shareholder meeting reminder service, which will proactively notify shareholders about the meeting and voting details via smart SMS [2] Group 2 - Investors can vote directly through the provided link in the user manual for online voting, and alternative voting methods are available in case of congestion [2] - The company encourages feedback from investors regarding the service through email and a dedicated investor hotline [2]

Group 1 - Cathay Pacific Haikou expects a net profit increase of 205%-218% for the first half of 2025, with a projected profit of 15.283 billion to 15.957 billion yuan [1] - The main reason for the profit increase is the merger with Haitong Securities, which has led to significant growth in wealth management and trading revenues [1] - Shenyuan Hongyuan anticipates a net profit increase of 92.66%-111.46% for the first half of 2025, with a projected profit of 4.1 billion to 4.5 billion yuan [6][7] Group 2 - Southern Airlines expects a net loss of 1.338 billion to 1.756 billion yuan for the first half of 2025, primarily due to changes in passenger structure and international uncertainties [2] - China Eastern Airlines projects a net loss of 1.2 billion to 1.6 billion yuan for the first half of 2025, influenced by intense domestic market competition [3] - Air China anticipates a net loss of 1.7 billion to 2.2 billion yuan for the first half of 2025, affected by market supply imbalances and international uncertainties [4] Group 3 - HNA Group expects to turn a profit in the first half of 2025, with a projected net profit of 45 million to 65 million yuan, attributed to improved market conditions and operational adjustments [5] - CICC forecasts a net profit increase of 55%-78% for the first half of 2025, with a projected profit of 3.453 billion to 3.966 billion yuan [8] - CITIC Securities anticipates a net profit increase of 55%-60% for the first half of 2025, with a projected profit of 4.43 billion to 4.573 billion yuan [9] Group 4 - Shandong Gold expects a net profit of 2.55 billion to 3.05 billion yuan for the first half of 2025, representing an increase of 84.3%-120.5% [10] - Poly Developments anticipates a net profit decrease of 63.15% for the first half of 2025, with a projected profit of 2.735 billion yuan [11] - Luoyang Molybdenum expects a net profit increase of 51%-68% for the first half of 2025, with a projected profit of 8.2 billion to 9.1 billion yuan [13] Group 5 - Longi Green Energy expects a net loss of 2.4 billion to 2.8 billion yuan for the first half of 2025, but with a significant reduction in losses compared to the previous year [14] - Tongwei Co. anticipates a net loss of 4.9 billion to 5.2 billion yuan for the first half of 2025, influenced by ongoing industry challenges [15] - Ganfeng Lithium expects a net loss of 300 million to 550 million yuan for the first half of 2025, an improvement from the previous year's loss [16] Group 6 - Jianghuai Automobile expects a net loss of approximately 680 million yuan for the first half of 2025, primarily due to increased competition in the international market [21] - Yonghui Supermarket anticipates a net loss of 240 million yuan for the first half of 2025, attributed to ongoing transformation challenges [22] - ST Huatuo expects a net profit increase of 107.2%-159% for the first half of 2025, with a projected profit of 2.4 billion to 3 billion yuan [23] Group 7 - New Hope anticipates a net profit of 680 million to 780 million yuan for the first half of 2025, marking a turnaround from losses [25] - Linyi Intelligent Manufacturing expects a net profit increase of 32%-67% for the first half of 2025, with a projected profit of 900 million to 1.14 billion yuan [27] - Pengding Holdings expects a net profit increase of 52.79%-60.62% for the first half of 2025, with a projected profit of 1.198 billion to 1.26 billion yuan [29] Group 8 - Hengtong Electronics expects a net profit increase of 740.95% for the first half of 2025, with a projected profit of approximately 251 million yuan [30] - Shengyi Technology anticipates a net profit increase of 50%-56% for the first half of 2025, with a projected profit of 1.4 billion to 1.45 billion yuan [31] - Founder Securities expects a net profit increase of 70%-80% for the first half of 2025, with a projected profit of 2.299 billion to 2.43 billion yuan [33]

股票代码：600808 股票简称：马钢股份 公告编号：2025-029 为更好的服务广大中小投资者，确保有投票意愿的中小投资者能够及时参 会、便利投票，公司拟使用上证所信息网络有限公司（以下简称"上证信息"） 提供的股东大会提醒服务，委托上证信息通过智能短信等形式，根据股权登记日 的股东名册主动提醒股东参会投票，向每一位投资者主动推送股东大会参会邀 请、议案情况等信息。投资者在收到智能短信后，可根据《上市公司股东会网络 投 票 一 键 通 服 务 用 户 使 用 手 册 》 （ 下 载 链 接 ： https://vote.sseinfo.com/i/yjt_help.pdf）的提示步骤直接投票，如遇拥堵 等情况，仍可通过原有的交易系统投票平台和互联网投票平台进行投票。 广 大 投 资 者 若 对 本 次 服 务 有 任 何 意 见 或 建 议 ， 可 通 过 邮 件 （mggf@baowugroup.com）、投资者热线(0555-2888158)等方式向公司反馈，感谢 广大投资者对公司的关注与支持！ 特此公告。 马鞍山钢铁股份有限公司董事会 2025 年 7 月 14 日 1 马鞍山钢铁股份有限公司 关于 ...

股票代码：600808 股票简称：马钢股份 公告编号： 2025-030 马鞍山钢铁股份有限公司 2025 年半年度业绩预告 马鞍山钢铁股份有限公司（"本公司"或"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。 重要内容提示： 预计公司 2025 年上半年度实现归属于上市公司股东的净利润人民币 -0.75 亿元左右，与上年同期相比，减少亏损人民币 10.70 亿元左右。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 6 月 30 日。 （二）业绩预告情况 经财务部门初步测算，公司预计 2025 年上半年实现归属于上市公司股东的 净利润人民币-0.75 亿元左右，与上年同期相比，减少亏损人民币 10.70 亿元左 右；归属于上市公司股东的扣除非经常性损益的净利润人民币-1.13 亿元左右， 与上年同期相比，减少亏损人民币 11.24 亿元左右。 （三）本次预计的业绩未经注册会计师审计。 二、上年同期业绩情况 （一）2024 年上半年度归属于上市公司股东的净利润人民币-11.45 ...

马钢股份：预计上半年净利润亏损7500万元 同比减亏 智通财经7月14日电，马钢股份(600808.SH)公告称，马钢股份发布2025年半年度业绩预告，预计归属于 上市公司股东的净利润为-0.75亿元左右，较上年同期减少亏损10.70亿元。报告期，公司持续推进降本 增效、优化产品结构，提升产线产能利用率，吨钢成本下降，特钢和长材产品毛利改善，经营绩效明显 提升。但受行业整体环境影响，公司本期仍未实现盈利。 ...