Group 1 - The company expects a positive net profit for the year 2025, with an increase of over 50% compared to the previous year [1] - The performance forecast period is from January 1, 2025, to December 31, 2025 [1] - The company has communicated with the accounting firm regarding the performance forecast, and there are no discrepancies between the two parties [1] Group 2 - The steel industry is undergoing structural optimization and improvement in efficiency, with the casting pipe market demand stabilizing [1] - Despite supply-demand conflicts, urban renewal and underground comprehensive pipeline renovation are supporting differentiated product demand [1] - The company has implemented measures such as enhancing market expansion, optimizing product structure, and strengthening cost control to achieve significant year-on-year growth in core indicators like metal product volume and total profit [1]

2025年，钢铁行业结构优化纵深推进、效益修复有所改善，铸管市场需求进入平台期，虽供需矛盾突 出，但城市更新、地下综合管网改造支撑差异化产品需求。报告期内，面对行业发展机遇与复杂市场变 化并存的格局，公司以"质量效益再提升"专项行动为抓手，通过加大拓市增收力度、优化产品结构、强 化成本管控等有力举措，实现公司全年金属产品量、利润总额等核心指标同比大幅增长。 格隆汇1月29日丨新兴铸管(000778.SZ)发布2025年度业绩预告，报告期内，归属于上市公司股东的净利 润7.83亿元—11.74亿元，同比增长367.51%—601.26%；扣除非经常性损益后的净利润5.95亿元—8.92亿 元，比上年同期由负转正；基本每股收益0.1974元/股—0.2961元/股。 ...

Group 1 - The company expects a net profit attributable to shareholders of approximately 783 million to 1.174 billion yuan for 2025, representing a year-on-year growth of 367.51% to 601.26% [1] - The basic earnings per share are projected to be between 0.1974 yuan and 0.2961 yuan [1] - The main reasons for the performance change include the deep optimization of the steel industry structure and improved efficiency, with the casting pipe market demand entering a plateau phase [1] Group 2 - Despite prominent supply-demand contradictions, urban renewal and underground comprehensive pipeline renovation support differentiated product demand [1] - The company has implemented a "quality and efficiency enhancement" initiative, focusing on increasing market revenue, optimizing product structure, and strengthening cost control [1] - As a result of these measures, the company achieved significant year-on-year growth in key indicators such as metal product volume and total profit [1]

Core Viewpoint - The company, Xinxing Casting Pipe, forecasts a significant increase in net profit for 2025, driven by industry optimization and demand for differentiated products despite supply-demand challenges [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is projected to be between 782.81 million and 1.17 billion yuan, representing a year-on-year increase of 367.51% to 601.26% [1] - The net profit after deducting non-recurring gains and losses is anticipated to be between 594.70 million and 892.05 million yuan [1] Industry Context - The steel industry is undergoing structural optimization and recovery in profitability, with the casting pipe market demand entering a plateau phase [1] - Urban renewal and underground comprehensive pipeline renovation are expected to support the demand for differentiated products, despite prominent supply-demand conflicts [1] Strategic Initiatives - The company is implementing a "quality and efficiency improvement" initiative, focusing on increasing market revenue, optimizing product structure, and strengthening cost control [1] - These measures are expected to lead to significant year-on-year growth in key indicators such as metal product volume and total profit [1]

Financial Performance - The company expects a net profit of 782.81 million CNY for 2025, representing an increase of 367.51% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be 594.70 million CNY, a significant turnaround from a loss of 150.63 million CNY in the previous year[3] - Basic earnings per share are expected to be 0.1974 CNY, up from 0.0420 CNY in the same period last year[3] Industry Trends - The steel industry is undergoing structural optimization, leading to improved profitability and a stable demand for differentiated products due to urban renewal and underground pipeline renovations[5] Company Strategy - The company has implemented measures to enhance quality and efficiency, optimize product structure, and strengthen cost control to achieve significant growth in core indicators such as metal product volume and total profit[5] Forecast and Caution - The performance forecast has not been audited by an accounting firm, but there are no discrepancies in communication regarding the forecast[4] - Investors are advised to exercise caution and consider investment risks as the financial data will be detailed in the 2025 annual report[7]

Market Performance - The steel sector saw an increase of 1.76% on January 28, with Linggang Co. leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Individual Stock Performance - Linggang Co. (600231) closed at 2.46, up 5.58% with a trading volume of 832,600 shares and a transaction value of 205 million yuan [1] - Other notable performers included Hebei Steel (000709) with a 2.79% increase, and Xinxing Ductile Iron Pipes (000778) with a 2.76% increase [1] Capital Flow Analysis - The steel sector experienced a net inflow of 488 million yuan from main funds, while retail investors saw a net outflow of 295 million yuan [2] - Main funds showed significant net inflows in stocks like Baogang Co. (600010) and Xinxing Ductile Iron Pipes (000778) [3] Stock-Specific Capital Flow - Baogang Co. had a main fund net inflow of 145.42 million yuan, while retail investors had a net outflow of 353.3 million yuan [3] - Linggang Co. recorded a main fund net inflow of 22.86 million yuan, with retail investors also experiencing a net outflow of 17.53 million yuan [3]

Market Performance - The steel sector saw an increase of 1.53% on January 23, with Jiugang Hongxing leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] Individual Stock Performance - Jiugang Hongxing (600307) closed at 2.07, with a rise of 10.11% and a trading volume of 2.38 million shares, amounting to a transaction value of 473 million yuan [1] - Wujin Stainless Steel (603878) also saw a significant increase of 10.05%, closing at 8.98 with a trading volume of 525,500 shares [1] - Other notable performers included Sangang Min Guang (002110) with a 4.95% increase, Baogang Co. (600010) up 3.61%, and Anyang Steel (600569) up 3.24% [1] Capital Flow Analysis - The steel sector experienced a net inflow of 397 million yuan from main funds, while retail funds saw a net outflow of 169 million yuan [2] - Main funds showed significant net inflows in stocks like Baogang Co. (600010) with 194 million yuan and Jiugang Hongxing (600307) with 145 million yuan [3] - Conversely, retail investors had notable outflows from Jiugang Hongxing and Baogang Co., indicating a shift in investor sentiment [3]

转自：上海市市场监管局网站 联系邮箱：jyzjz@samr.gov.cn 公示期：2026年1月22日至2026年1月31日 ...

Group 1 - The steel sector saw an increase of 0.68% on January 21, with Xin Steel Co. leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] - Key stocks in the steel sector showed various performance metrics, with Xin Steel Co. closing at 4.03, up 2.54%, and Baosteel Co. at 7.21, down 0.69% [1][2] Group 2 - The steel sector experienced a net inflow of 80.51 million yuan from main funds, while retail funds saw a net inflow of 52.64 million yuan [2] - Major stocks like Baosteel Co. had a significant net outflow from retail investors amounting to 76.84 million yuan, despite a net inflow of 81.51 million yuan from main funds [3] - The trading volume for key stocks varied, with Baosteel Co. recording a transaction amount of 684 million yuan, while Xin Steel Co. had a transaction amount of 424 million yuan [1][2]

格隆汇1月20日丨新兴铸管(000778.SZ)公布，公司拟以自有资金与公司控股股东新兴际华集团（维权） 有限公司（简称"集团公司"）、集团公司下属企业际华集团股份有限公司（简称"际华股份"）共同投资 设立新兴际华供应链有限公司（简称"供应链公司"），其中本公司出资1.75亿元，持股35%。本次交易 合作方集团公司为本公司的控股股东，际华股份为本公司控股股东的下属子公司，因此本次交易构成关 联交易。 ...