Core Viewpoint - Chongqing Steel is expected to significantly reduce its net loss in the first three quarters of 2025 compared to the same period last year, indicating improvements in profitability through cost reduction and sales enhancement strategies. Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of between -230 million and -210 million yuan for the first three quarters of 2025, representing a reduction in loss of 1.12 billion to 1.14 billion yuan compared to the previous year [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between -240 million and -220 million yuan, also reflecting a reduction in loss of 1.11 billion to 1.13 billion yuan year-on-year [1] Group 2: Operational Strategies - The significant reduction in net loss is attributed to dual strategies of "cost reduction in procurement" and "profit increase in sales," which have notably improved profitability [1] - The company has optimized its procurement process by enhancing local sourcing, precise inventory control, and optimizing the QP structure, leading to a significant reduction in procurement costs [1] - On the sales side, the company has expanded its channels, optimized product structure, and adjusted its business model, which has increased the value of its plate and coil products [1] Group 3: Efficiency and Risk Management - The company is implementing a dual-track approach of "cost reduction" and "efficiency enhancement" to strengthen its risk resistance capabilities [2] - It is advancing lean management across the entire production process, utilizing technology and efficient resource use to strictly control costs, achieving record highs in waste recycling and optimal steel consumption [2] - The company has also maintained a historical low in ore inventory and continuously optimized its risk management capabilities [2]

钢铁股涨幅居前，截至发稿，中国东方集团(00581)涨6.67%，报1.44港元；马鞍山钢铁股份(00323)涨 6.92%，报2.78港元；鞍钢股份（000898）(00347)涨5.96%，报2.31港元；重庆钢铁（601005）股份 (01053)涨2.88%，报1.43港元。 国泰海通证券发布研报称，地产对钢铁需求的负向拖拽影响已明显减弱，需求有望逐步触底；供给端即 便不考虑供给政策，目前行业亏损时间已经较长，供给的市场化出清已开始出现，预期钢铁行业基本面 有望逐步修复。而若供给政策落地，行业供给的收缩速度更快，行业上行的进展将更快展开。 信达证券（601059）则表示，反内卷背景下，通过安全生产监查及抑制无序竞争和过剩产能释放，钢铁 行业产能管理有望进一步加强。我们认为，在海外关税影响下，出口占比较低的普钢公司受影响较小， 叠加国家"稳增长"政策下，房地产、基建等行业用钢需求有望边际改善。当前，普钢吨钢利润可观，在 行业"反内卷"背景下，普钢公司业绩改善空间较大，有望迎来价值修复，钢铁板块亦有望迎来配置良 机。 ...

Macro - The Chinese government aims to enhance domestic demand and strengthen the domestic circulation by implementing counter-cyclical adjustments and utilizing policy resources effectively [1] - The People's Bank of China is conducting a 600 billion yuan reverse repurchase operation to stabilize the market, indicating a continued moderate monetary policy stance [3] - Federal Reserve Chairman Jerome Powell suggests that the quantitative tightening (QT) plan may soon come to an end due to tightening liquidity conditions in the financial system [4] Industry - Shanghai has issued an action plan for the high-quality development of the intelligent terminal industry, focusing on accelerating AI integration across various sectors and enhancing the scale of intelligent computing server terminals [2] - The Robotaxi market in China is projected to reach 83.1 billion yuan by 2030, driven by the growth of shared mobility services [8] - Domestic manufacturers have made significant advancements in computing chips, achieving performance levels over 1000 times that of top-tier GPUs, signaling positive prospects for China's AI and computing industry [9] - The production of power and other batteries in China reached 151.2 GWh in September, marking a year-on-year increase of 35.4%, indicating strong growth in the lithium battery sector [10] Company - Shenghe Resources expects a net profit increase of 696.82% to 782.96% year-on-year for the first three quarters [11] - Shandong Gold anticipates a net profit increase of 83.9% to 98.5% year-on-year for the first three quarters [13] - Xinda Co. forecasts a staggering net profit increase of 2807.87% to 3211.74% year-on-year for the first three quarters [13] - Chongqing Steel is expected to report a loss of 210 million to 230 million yuan for the first three quarters [13] - China Metallurgical Group's new contract signing amount for the first three quarters is 760.67 billion yuan, a year-on-year decrease of 14.7% [13]

Group 1 - Galaxy Magnetics expects the Ministry of Commerce's export control decision on certain rare earth items to have a certain impact on its export business, with sales from samarium-cobalt magnets and hot-pressed neodymium-iron-boron magnets accounting for 9.47% of total sales in 2024 [4] - New Lai Materials' stock has seen a significant deviation from the growth of the ChiNext Index, indicating potential market overheating, although the company's fundamentals remain unchanged [5][6] - Longbai Group's subsidiary has filed a lawsuit for infringement of trade secrets, with the amount involved totaling 1.311 billion yuan [7] Group 2 - Chengdu Huamei has successfully launched its first zero-intermediate frequency RF transceiver chip, which is still in the early stages of market introduction and faces uncertainties in market demand [8] - Zhuhai Port has received approval from the China Securities Regulatory Commission to issue up to 1 billion yuan in technology innovation corporate bonds [9] - Yingjian Technology has warned investors about the risks of recent stock price increases, as its stock has deviated significantly from the market index [10] Group 3 - Xianda Co. expects a net profit increase of 2807.87% to 3211.74% year-on-year for the first three quarters, driven by significant price increases in its main product [13] - Shenghe Resources anticipates a net profit increase of 696.82% to 782.96% year-on-year for the first three quarters, supported by favorable market demand for rare earth products [14] - Xianggang Technology expects a net profit increase of 182% to 200% year-on-year for the first three quarters, attributed to ongoing market expansion efforts [15] Group 4 - Chongqing Steel is projected to incur a loss of 210 million to 230 million yuan for the first three quarters, an improvement from a loss of 1.35 billion yuan in the same period last year [22][25] - Yuanda Intelligent expects to turn a profit in the first three quarters, with a projected net profit of 33.84 million to 50.74 million yuan, compared to a loss in the previous year [23] - China Metallurgical Group reported a 14.7% year-on-year decline in new contract amounts for the first nine months, totaling 760.67 billion yuan [24][25]

Core Viewpoint - Chongqing Steel's Q3 2025 performance forecast indicates a net loss of RMB 210 million to RMB 230 million, showing a significant reduction in losses compared to the previous year [1] Group 1: Financial Performance - The expected net loss attributable to shareholders for the first three quarters of 2025 is RMB 210 million to RMB 230 million, representing a reduction in losses of RMB 1.12 billion to RMB 1.14 billion year-on-year [1] - The forecasted net loss after excluding non-recurring gains and losses is RMB 220 million to RMB 240 million, with a year-on-year reduction in losses of RMB 1.11 billion to RMB 1.13 billion [1] Group 2: Profitability Improvement - The significant reduction in net loss is attributed to dual strategies of "cost reduction in procurement" and "profit increase in sales," which have notably improved profitability [1] - On the procurement side, the company has deepened localized sourcing, optimized inventory control, and maintained a stable QP structure, leading to precise cost reductions [1] - On the sales side, the company has expanded channels, optimized product structure, and adjusted business models, which have increased the value of plate and coil products [1] Group 3: Cost Control and Efficiency - The company is enhancing its risk resilience through parallel strategies of "cost reduction" and "efficiency improvement" [2] - It is implementing lean management across the production process, optimizing technology and resource utilization to strictly control costs, achieving record high recycling of solid waste, and minimizing energy consumption [2] - Continuous fine management has led to historically low iron ore inventory and improved risk management capabilities [2]

Core Viewpoint - Chongqing Steel's preliminary forecast for Q3 2025 indicates a net loss attributable to shareholders of RMB 210 million to RMB 230 million, representing a significant reduction in losses compared to the previous year [1] Group 1: Financial Performance - The expected net loss for the first three quarters of 2025 is projected to be between RMB 220 million and RMB 240 million, with a reduction in losses of RMB 111 million to RMB 113 million compared to the same period last year [1] - The main reasons for the significant reduction in net loss include improved profitability through cost reduction in procurement and increased sales revenue [1] Group 2: Operational Improvements - The company has implemented a dual approach of "cost reduction" and "efficiency enhancement" to strengthen its risk resilience [2] - Efforts include lean management across the production process, optimizing resource utilization, and achieving record highs in the recycling of solid waste, leading to the lowest annual coal consumption ratio [2] - Continuous fine-tuning of inventory management has resulted in historically low iron ore inventory levels, enhancing risk management capabilities [2]

Core Viewpoint - Chongqing Steel (601005) is expected to significantly reduce its net loss for the first three quarters of 2025, projecting a loss of RMB 210 million to RMB 230 million, which is an improvement of RMB 1.12 billion to RMB 1.14 billion compared to the same period last year [1][2] Group 1 - The main reasons for the expected reduction in losses include "cost reduction in procurement" and "profit increase in sales," which have significantly improved profitability [2] - On the procurement side, the company has deepened its localized layout, optimized inventory control, and maintained a stable QP structure, achieving precise cost reductions [2] - On the sales side, the company has expanded channels, optimized product structure, and adjusted business models, leading to an increase in the value of plate and coil products [2] Group 2 - The company is enhancing its risk resistance through "cost reduction" and "efficiency improvement" [2] - It is implementing lean management across the production process, optimizing technology, and utilizing resources efficiently to control costs [2] - The company has achieved a historical low in ore inventory and continuously optimized its risk management capabilities [2]

Core Viewpoint - Chongqing Steel is expected to significantly reduce its net loss for the first three quarters of 2025, with estimates ranging from RMB 210 million to RMB 230 million, compared to a reduction of RMB 1.12 billion to RMB 1.14 billion year-on-year [1] Group 1 - The company anticipates a net loss attributable to shareholders, excluding non-recurring gains and losses, of RMB 220 million to RMB 240 million for the same period, reflecting a year-on-year reduction of RMB 1.11 billion to RMB 1.13 billion [1] - The major reasons for the expected reduction in losses include "cost reduction in procurement" and "profit increase in sales," which have significantly improved profitability [1] - On the procurement side, the company has deepened localized sourcing, optimized inventory control, and maintained a stable QP structure, achieving precise cost reductions [1] Group 2 - On the sales side, the company has expanded channels, optimized product structure, and adjusted business models, leading to an increase in the value of plate and coil products [2] - The company has also improved its risk resistance capabilities through "cost reduction" and "efficiency enhancement," implementing lean management across the production process [2] - The company has achieved record highs in the recycling of solid waste and optimal consumption of steel materials, while energy utilization efficiency has steadily improved [2]

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 告 乃 由 重 慶 鋼 鐵 股 份 有 限 公 司（「本公司」或「公 司」）根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）第13.09條 以 及 證 券 及 期 貨 條 例（香 港法例第571章）第XIVA部 的 內 幕 消 息 條 文（定 義 見 上 市 規 則）作 出。 2025年三季度業績預告 一. 本期業績預告情況 （一）業績預告期間 2025年1月1日 至2025年9月30日。 （二）業績預告情況 經 財 務 部 門 初 步 測 算，預 計2025年前三季度實現歸屬於上市公 司股東的淨虧損為人民幣2.1億元至人民幣2.3億 元，與 上 年 同 期 相 比，預 計 減 虧 人 民 幣11.2億元至人民幣11.4億 元。 預 計2025年前三季度實現歸屬於上市公司股東的扣除非經常 ...

Group 1: Company Announcements - Mindray Medical plans to issue H-shares and list on the Hong Kong Stock Exchange, pending shareholder and regulatory approvals [1] - Shenghe Resources expects a net profit increase of 696.82% to 782.96% for the first three quarters of 2025, driven by favorable market demand and price increases for rare earth products [2] - Shandong Gold anticipates a net profit increase of 83.9% to 98.5% for the first three quarters of 2025, attributed to improved operational efficiency and rising gold prices [3] - Newray Materials reports significant stock price volatility, indicating potential market overreaction, although no fundamental changes have occurred [4] - Longbai Group's subsidiary has filed a lawsuit for technology infringement, with the amount involved totaling 1.311 billion yuan [5] - Chengdu Huami has launched a new RF transceiver chip, marking a significant breakthrough in its product line, although it is still in the early stages of market introduction [6] - Zhuhai Port has received approval from the CSRC to issue up to 1 billion yuan in technology innovation bonds [7] - Shengton Mining plans to acquire 100% of Canadian Loncor for approximately 1.9 billion USD, with core assets including a significant gold mining project in the Democratic Republic of Congo [8][9] Group 2: Financial Performance - Xiaogoods City reports a 100.52% increase in net profit for Q3 2025, with total revenue of 5.348 billion yuan, up 39.02% year-on-year [10] - Xianda Co. expects a net profit increase of 2807.87% to 3211.74% for the first three quarters of 2025, driven by rising prices of its main product [11] - Xianggang Technology anticipates a net profit increase of 182% to 200% for the first three quarters of 2025, supported by market expansion efforts [12] - Tongda Co. expects a net profit increase of 50.01% to 111.12% for the first three quarters of 2025, due to increased orders and delivery volumes [13] - Rockchip expects a net profit increase of 116% to 127% for the first three quarters of 2025, driven by growth in the AIoT market [14] - Jiantou Energy anticipates a net profit increase of 231.75% for the first three quarters of 2025, attributed to lower costs in its thermal power business [15] - Chongqing Steel expects a loss of 210 million to 230 million yuan for the first three quarters of 2025, an improvement from a loss of 1.35 billion yuan in the same period last year [16] - Yuanda Intelligent expects a net profit of 33.84 million to 50.74 million yuan for the first three quarters of 2025, recovering from a loss in the previous year [17] - China Metallurgical Group reports a 14.7% decline in new contracts signed in the first nine months of 2025, totaling 760.67 billion yuan, while overseas contracts increased by 10.1% [18]