Market Performance - The steel sector saw an increase of 0.82% on January 19, with Nanjing Steel leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Individual Stock Performance - Nanjing Steel (600282) closed at 5.46, up 3.80% with a trading volume of 700,900 shares and a transaction value of 380 million yuan [1] - Other notable performers included: - Sijiang Steel (600808) at 4.13, up 3.77% with a transaction value of 622 million yuan [1] - Hualing Steel (000932) at 5.66, up 3.28% with a transaction value of 576 million yuan [1] - Benxi Steel (000761) at 3.30, up 3.12% with a transaction value of 51.21 million yuan [1] Capital Flow Analysis - The steel sector experienced a net outflow of 179 million yuan from main funds, while retail investors saw a net inflow of 176 million yuan [2] - Notable capital flows included: - Sijiang Steel had a main fund net inflow of 84.80 million yuan, but a retail net outflow of 76.47 million yuan [3] - Hualing Steel had a main fund net inflow of 40.99 million yuan, with a retail net inflow of 0.78 million yuan [3]

Group 1 - The core viewpoint of the article indicates that Chongqing Steel reported a weak supply and demand situation in the domestic steel market during the fourth quarter, leading to low and fluctuating prices, while raw material costs still provided some support, resulting in industry profits being at a low point for the year [1] - The company stated that it would recognize impairment provisions according to accounting standards, which will contribute to an annual loss in performance [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 本 公 司 股 東 及 潛 在 投 資 者 務 請 注 意，預 虧 公 告 並 不 符 合 收 購 守 則 規 則 10所 規 定 的 標 準，且 並 無 根 據 收 購 守 則 作 出 報 告，因 此，本 公 司 股 東 及 潛在投資者於評估向特定對象發行A股 股 票 及 清 洗 豁 免 的 利 弊 時，務 請 審 慎 依 賴 預 虧 公 告。 本 公 司 股 東 及 潛 在 投 資 者 於 買 賣 本 公 司 證 券 時，務 請 審 慎 行 事。倘 對 自 身 立 場 有 任 何 疑 問，應 諮 詢 其 專 業 顧 問。 澄清公告 茲提述(i)重 慶 鋼 鐵 股 份 有 限 公 司（「本公司」）日 期 為2025年12月19日的公告 （「該公告」），內 容 有 關（其 中 包 括）向 特 定 對 象 發 行A股 股 票 及 清 洗 ...

Group 1 - Chongqing Steel's stock price has dropped over 4%, currently down 4.13% at HKD 1.16 [2] - The trading volume reached HKD 6.4945 million [2]

Core Viewpoint - Chongqing Steel's stock has dropped over 4% following the announcement of expected significant net losses for the fiscal year 2025, indicating ongoing challenges in the domestic steel market [1] Financial Performance - The company anticipates a net loss attributable to shareholders of between RMB 2.5 billion and RMB 2.8 billion for 2025, which represents an improvement in loss by RMB 396 million to RMB 696 million compared to the previous year [1] - The net loss after excluding non-recurring items is projected to be between RMB 2.53 billion and RMB 2.83 billion, with an expected reduction in loss of RMB 377 million to RMB 677 million year-on-year [1] Market Conditions - The domestic steel market is expected to experience a deep adjustment in supply and demand dynamics, with the construction materials sector showing particularly weak performance [1] - The company has indicated that some of its assets are showing signs of impairment, leading to plans for impairment testing and the provision for asset impairment in accordance with relevant accounting standards [1]

Core Viewpoint - Chongqing Steel (601005) is expected to report a net loss of RMB 2.5 billion to RMB 2.8 billion for the fiscal year 2025, indicating a reduction in losses compared to the previous year [1] Financial Performance - The company anticipates a net loss attributable to shareholders of RMB 2.5 billion to RMB 2.8 billion, which is a decrease in losses by RMB 396 million to RMB 696 million compared to the previous year [1] - The net loss after excluding non-recurring items is projected to be between RMB 2.53 billion and RMB 2.83 billion, reflecting a reduction in losses by RMB 377 million to RMB 677 million year-on-year [1] Market Conditions - The domestic steel market in 2025 is expected to experience significant structural adjustments, with a particularly weak performance in the construction materials sector [1] - The company has indicated that some of its assets are showing signs of impairment, and it plans to conduct impairment testing and make provisions for asset impairment in accordance with relevant accounting standards [1]

Group 1 - The core viewpoint of the news is that Chongqing Steel's stock has experienced a decline in price and trading activity, reflecting a challenging market environment for the company [1] - As of January 16, Chongqing Steel's stock price was 1.45 yuan per share, with a market capitalization of 12.835 billion yuan [1] - The company has seen a net outflow of main funds amounting to 354,000 yuan, with significant buying and selling activity from large orders [1] Group 2 - For the year-to-date, Chongqing Steel's stock price has decreased by 0.68%, with a 3.33% drop over the last five trading days [1] - The company reported a total revenue of 19.091 billion yuan for the first nine months of 2025, a year-on-year decrease of 7.32%, while the net profit attributable to shareholders was -218 million yuan, an increase of 83.82% year-on-year [2] - Chongqing Steel has not distributed any dividends in the last three years, with a total payout of 520 million yuan since its A-share listing [3]

Core Viewpoint - Chongqing Steel Co., Ltd. anticipates a net loss for the fiscal year 2025, projecting a net profit attributable to shareholders of between -2.8 billion to -2.5 billion yuan, indicating a reduction in losses compared to the previous year [2][4]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to December 31, 2025 [3]. - The expected net profit attributable to shareholders for 2025 is projected to be between -2.8 billion to -2.5 billion yuan, which is an improvement of 396 million to 696 million yuan compared to the previous year [4]. - The expected net profit after deducting non-recurring gains and losses is projected to be between -2.83 billion to -2.53 billion yuan, with an anticipated reduction in losses of 377 million to 677 million yuan compared to the previous year [4]. Group 2: Previous Year Performance - In the previous year, the net profit attributable to shareholders was -3.196 billion yuan, and the net profit after deducting non-recurring gains and losses was -3.207 billion yuan [6]. - The earnings per share for the previous year were -0.36 yuan per share [7]. Group 3: Reasons for Performance Decline - The domestic steel market in 2025 is expected to experience significant adjustments in supply and demand, particularly with a weak performance in the construction materials market [8]. - The company plans to conduct impairment tests on certain assets due to indications of impairment and will make provisions for asset impairment in accordance with relevant accounting standards [8]. - To improve operational performance and address long-term industry downturn risks, the company is focusing on extreme efficiency and meticulous process control, optimizing raw material structures, enhancing smelting efficiency, and developing high-value-added products [8].

Group 1 - Huasheng Tiancheng's AI-related revenue currently accounts for a low proportion of overall revenue, indicating that it does not significantly impact the company's performance [2] - CICC's merger with Dongxing Securities and Xinda Securities is still undergoing audit work, which has not yet been completed [2] - Xinhua Department Store confirmed that there are no undisclosed major matters related to semiconductor asset injections, addressing market rumors [3] Group 2 - Zhong Rare Metals signed a strategic cooperation agreement with Xian Dao Group to enhance market share and industry influence in rare metals [4] - Zhongtian Rocket reported losses in its carbon/carbon thermal field materials business due to intensified competition in the photovoltaic industry [5] - Zhongyuan Nepe proposed to acquire 59% of Zhongyuan Jikean's equity for 143 million yuan, which will make it a wholly-owned subsidiary [5] Group 3 - Jiangxi Copper's subsidiary signed a cooperation agreement with First Quantum Minerals for exploration projects [6] - China Nuclear Power's Jiangsu Xuwei Nuclear Energy Heating Power Plant's first unit is set to pour its first concrete on January 16, 2026 [6] - ST Aowei's stock may be delisted if it continues to trade below par value [6] Group 4 - Triangle Tire plans to invest 3.219 billion yuan in a new high-performance tire project in Cambodia, expected to generate annual revenue of 2.585 billion yuan [7] - Baoxin Technology intends to publicly sell part of its subsidiary's assets, with a valuation of 50.2334 million yuan [7] - Nong Shang Environment's computing infrastructure project has not progressed as planned due to funding issues [8] Group 5 - Golden Dragon Fish plans to transfer stakes in two subsidiaries to Mars China for a total of 60 million USD, which is expected to impact its 2026 earnings significantly [8] - Jin Dao Technology intends to issue convertible bonds to raise up to 306 million yuan for various projects [8] - Aerospace Information expects a net loss of 700 million to 980 million yuan for 2025 due to industry changes [10] Group 6 - Tianji Co. forecasts a net profit of 70 million to 105 million yuan for 2025, recovering from a previous loss [10] - Muyuan Foods anticipates a net profit decrease of 12.2% to 17.79% for 2025 [11] - SAIC Group expects a net profit increase of 438% to 558% for 2025, driven by sales growth [12] Group 7 - Haolaike expects a significant drop in net profit for 2025, projecting a decrease of 75.16% to 83.23% [13] - Hainan Development anticipates a net loss of 440 million to 565 million yuan for 2025 [13] - Shuangliang Energy expects to report a loss for 2025 [14] Group 8 - Aijian Group also anticipates a loss for 2025 [14] - Meijin Energy forecasts a net loss of 850 million to 1.25 billion yuan for 2025 [14] - Kunlun Wanwei expects to report a loss for 2025 [14] Group 9 - Xue Rong Biological expects a net profit of 29 million to 40 million yuan for 2025, recovering from a previous loss [15] - Xin Nuo Wei anticipates a net loss of 170 million to 255 million yuan for 2025 due to increased R&D expenses [15] - Shengnuo Biological expects a net profit increase of 204.42% to 280.53% for 2025 [16] Group 10 - Longyuan Construction forecasts a net loss of 1 billion to 1.5 billion yuan for 2025 [17] - Kosen Technology expects a net loss of 245 million to 330 million yuan for 2025 [17] - Daqian Ecology anticipates a net loss of 100 million to 120 million yuan for 2025 [17] Group 11 - Lianfa Co. expects a net profit increase of 38.92% to 58.77% for 2025 [18] - Chongqing Steel anticipates a net loss of 2.5 billion to 2.8 billion yuan for 2025, but expects to reduce losses compared to the previous year [18] - Tongxing Technology forecasts a net profit increase of 74.2% to 125.44% for 2025 [19] Group 12 - Siyuan Electric expects a net profit of 3.163 billion yuan for 2025, a 54.35% increase year-on-year [19] - Luoyang Molybdenum expects a net profit increase of 47.8% to 53.71% for 2025 [20] - Nawei Technology anticipates a net profit increase of 54.51% to 75.03% for 2025 [20] Group 13 - Jingjia Micro expects a net loss of 120 million to 180 million yuan for 2025 [21] - Southwest Securities forecasts a net profit increase of 47% to 57% for 2025 [22] - Wankai New Materials expects a net profit of 156 million to 203 million yuan for 2025, recovering from a previous loss [22] Group 14 - Yilian Network anticipates a slight decrease in net profit for 2025, projecting a decline of 0% to 4% [23] - Baofeng Energy expects a net profit increase of 73.57% to 89.34% for 2025 [23] - Sanmei Co. forecasts a net profit increase of 155.66% to 176.11% for 2025 [23] Group 15 - Zhenyu Technology expects a net profit increase of 96.89% to 116.58% for 2025 [24] - Fute Technology anticipates a net profit increase of 121.98% to 164.26% for 2025 [24] - Guoli Electronics expects a net profit increase of 124.89% to 164.57% for 2025 [24] Group 16 - Shenyu Co. expects a slight decrease in net profit for 2025, projecting a decline of 0.05% to 11.37% [25] - Rongchang Biological plans to increase its share repurchase price limit to 116 yuan per share [26] - Defu Technology plans to repurchase shares for 75 million to 150 million yuan [26] Group 17 - ST Chengchang's stock will resume trading on January 16 after completing a trading fluctuation investigation [27] - Zhi Te New Materials will also resume trading on January 16 after confirming no major changes in business operations [27] - Lio Co. will suspend trading starting January 16 for stock fluctuation investigation [27]

Group 1 - The company expects a net loss attributable to shareholders of RMB 2.5 billion to RMB 2.8 billion for the year 2025, which represents a reduction in loss of RMB 396 million to RMB 696 million compared to the previous year [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, is projected to be RMB 2.53 billion to RMB 2.83 billion, indicating a reduction in loss of RMB 377 million to RMB 677 million year-on-year [1] - The domestic steel market in 2025 is anticipated to experience a turbulent adjustment in supply and demand structure, particularly with a weak performance in the construction materials market [1] Group 2 - To improve operational performance and address long-term industry downturn risks, the company is focusing on extreme energy efficiency and meticulous process control [2] - The company aims to optimize raw material structure, enhance smelting efficiency, and develop high value-added products to systematically promote cost reduction and efficiency improvement [2] - The company is implementing strategies such as local procurement to ensure stable supply while reducing inventory and procurement costs, and optimizing customer and product structure to enhance market competitiveness and customer loyalty [2]