鞍钢股份所属申万行业为：钢铁-普钢-板材。所属概念板块包括：低价、东北振兴、央企改革、核电、 长期破净等。 截至9月30日，鞍钢股份股东户数9.57万，较上期减少0.45%；人均流通股0股，较上期增加0.00%。2025 年1月-9月，鞍钢股份实现营业收入730.92亿元，同比减少7.78%；归母净利润-20.40亿元，同比增长 59.87%。 11月19日，鞍钢股份盘中下跌2.21%，截至13:00，报2.65元/股，成交9538.58万元，换手率0.45%，总市 值248.28亿元。 资金流向方面，主力资金净流入21.51万元，特大单买入862.76万元，占比9.04%，卖出967.19万元，占 比10.14%；大单买入1546.51万元，占比16.21%，卖出1420.57万元，占比14.89%。 鞍钢股份今年以来股价涨10.42%，近5个交易日跌3.99%，近20日跌3.28%，近60日跌1.49%。 资料显示，鞍钢股份有限公司位于辽宁省鞍山市铁西区鞍钢厂区,香港皇后大道中15号置地广场公爵大 厦33楼，成立日期1998年9月14日，上市日期1997年12月25日，公司主营业务涉及黑色金属冶炼及钢压 ...

Market Overview - The Shanghai Composite Index fell by 0.81% on November 18, with only four sectors experiencing gains, led by Media and Computer industries, which rose by 1.60% and 0.93% respectively [1] - The sectors with the largest declines were Coal and Electric Equipment, down by 3.17% and 2.97% respectively, with the Steel industry also showing significant losses [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 88.764 billion yuan, with only four sectors seeing net inflows [1] - The Computer industry had the highest net inflow of 2.730 billion yuan, followed by the Media industry with a net inflow of 2.434 billion yuan [1] Steel Industry Performance - The Steel industry experienced a decline of 2.85%, with a net capital outflow of 1.760 billion yuan [2] - Out of 44 stocks in the Steel sector, only 2 stocks rose while 42 stocks fell, including 1 stock hitting the daily limit down [2] - The top three stocks with the highest net outflows included Baogang Co. with 558 million yuan, Dazhong Mining with 448 million yuan, and Hainan Mining with 159 million yuan [2] Individual Stock Performance in Steel Industry - The top net inflow stock in the Steel sector was Fangda Carbon, with a net inflow of 157 million yuan, followed by Hangang Co. and Ansteel Co. with net inflows of 13.136 million yuan and 5.956 million yuan respectively [2][3] - The stocks with significant net outflows included Baogang Co., Dazhong Mining, and Hainan Mining, with outflows of 558 million yuan, 448 million yuan, and 159 million yuan respectively [2][3]

| 答：公司拥有热轧卷板、中厚板、冷轧板、镀锌板、彩涂板、冷 | | --- | | 轧硅钢、重轨及型材、无缝钢管、线材等比较完整的产品系列。 | | 产品广泛应用于机械、冶金、石油、化工、煤炭、电力、铁路、 | | 船舶、汽车、建筑、家电、航空等行业。 | | 公司的造船用钢在产品船级社认证、高技术船舶用钢首发和 | | 批量稳定供货以及钢级和产品规格的覆盖率上，处于国内领先水 | | 平；汽车用钢方面，可提供热轧、酸洗、EPS、冷轧以及铝硅镀 | | 层热成形产品，强度级别可至 2000MPa，具备铝硅镀层钢板激 | | 光拼焊能力，自主开发铝硅镀层热成形直线门环产品；硅钢产品 | | 方面已具备无取向高中低牌号的全品种的生产能力，可以提供新 | | 能源硅钢，并在主流汽车厂和电机厂批量应用，取向硅钢在主流 | | 变压器厂家长期批量稳定供货，高牌号生产比例逐步提升。 | | 4、公司原材料采购 | | 答：公司铁矿石采购主要来自于鞍钢集团及进口，进口铁矿石原 | | 料采购量低于国内铁矿石原料采购量。公司不断拓展资源渠道， | | 根据实际情况择机采购，动态调整渠道采购比例。公司煤炭采购 | | 以国内 ...

中国银河证券指出，近日钢企陆续发布2025前三季度业绩报告，龙头钢企归母净利润高增，部分钢企利 润同比扭亏为盈，钢铁行业整体盈利能力修复。在供给侧反内卷持续推进的背景下，钢铁行业产能持续 向优质龙头集中。国泰海通表示，钢铁需求有望逐步触底；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，该行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。 中信建投（601066）发布研报称，2025年钢材价格经历显著下跌，核心矛盾集中于供需错配、成本支撑 弱化及政策效应滞后等因素。当前市场处于"低库存、低价格、低需求、高供应弹性"的弱平衡状态，后 续走势取决于减产力度与政策落地速度的博弈。该行认为，近年来围绕粗钢总量控制的政策较多，但效 果不如2021年那般明显，行业盈利能力恶化，防止内卷改善价格依然是明年的重要任务。 钢铁股跌幅居前，截至发稿，鞍钢股份（000898）(00347)跌5.33%，报2.13港元；马鞍山钢铁股份 (00323)跌5.28%，报2.69港元；重庆钢铁（601005）股份(01053)跌4.23%，报1.36港 ...

每经AI快讯，钢铁股跌幅居前，截至发稿，鞍钢股份(00347.HK)跌5.33%，报2.13港元；马鞍山钢铁股 份(00323.HK)跌5.28%，报2.69港元；重庆钢铁股份(01053.HK)跌4.23%，报1.36港元。 ...

截至9月30日，鞍钢股份股东户数9.57万，较上期减少0.45%；人均流通股0股，较上期增加0.00%。2025 年1月-9月，鞍钢股份实现营业收入730.92亿元，同比减少7.78%；归母净利润-20.40亿元，同比增长 59.87%。 11月18日，鞍钢股份盘中下跌2.15%，截至09:43，报2.73元/股，成交3847.41万元，换手率0.18%，总市 值255.78亿元。 资金流向方面，主力资金净流出415.17万元，特大单买入680.72万元，占比17.69%，卖出954.05万元， 占比24.80%；大单买入641.91万元，占比16.68%，卖出783.75万元，占比20.37%。 鞍钢股份今年以来股价涨13.75%，近5个交易日跌1.80%，近20日跌0.73%，近60日涨1.49%。 资料显示，鞍钢股份有限公司位于辽宁省鞍山市铁西区鞍钢厂区,香港皇后大道中15号置地广场公爵大 厦33楼，成立日期1998年9月14日，上市日期1997年12月25日，公司主营业务涉及黑色金属冶炼及钢压 延加工等。主营业务收入构成为：钢材产品88.87%，其他11.13%。 鞍钢股份所属申万行业为：钢铁-普钢- ...

Market Overview - On November 17, the general steel sector rose by 0.01% compared to the previous trading day, with Hangzhou Iron & Steel leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Individual Stock Performance - Hangzhou Iron & Steel (600126) closed at 9.25, up 2.21% with a trading volume of 1,096,300 shares and a transaction value of 1.013 billion [1] - Shougang Group (000959) closed at 4.63, up 1.76% with a trading volume of 516,500 shares [1] - Other notable performers include Nanjing Steel (600282) up 1.25%, Linggang Steel (600231) up 0.78%, and Baosteel (600581) up 0.77% [1] Fund Flow Analysis - The general steel sector experienced a net outflow of 44.86 million from institutional funds and 90.84 million from speculative funds, while retail investors saw a net inflow of 136 million [2] - Hangzhou Iron & Steel had a net inflow of 15 million from institutional funds, but a net outflow of 69.36 million from speculative funds [3] - Other companies like Hualing Steel (000932) and Shandong Steel (600022) also showed mixed fund flows, with Hualing Steel experiencing a net inflow of 30.44 million from institutional funds [3]

Investment Rating - The report suggests a positive outlook for the steel industry, indicating a recovery in profitability and a focus on supply-side reforms [4][29]. Core Insights - The steel industry has shown significant improvement in profitability during the first three quarters of 2025, with total profits reaching 96 billion yuan, a year-on-year increase of 190% [4][6]. - The report highlights the implementation of supply-side reforms aimed at optimizing the structure of steel products and controlling production capacity [4][13]. - The demand for steel is expected to benefit from manufacturing upgrades and AI transformation, with a focus on high-end product development [4][29]. Summary by Sections 1. Industry Profit Recovery and Supply-Side Policies - In the first three quarters of 2025, the cumulative operating revenue of key steel enterprises was 4.56 trillion yuan, a year-on-year decrease of 2.36%, while total profits reached 96 billion yuan, marking a significant recovery [4][6]. - The production of crude steel was 746 million tons, down 2.9% year-on-year, while steel consumption fell by 5.7% [4][6]. - The report notes that the sales profit margin increased to 2.1%, up 1.39 percentage points year-on-year [4][6]. 2. Fund Holdings in the Steel Sector - As of September 30, 2025, the number of fund holdings in the steel sector increased to 41, with a total holding value of 21.99 billion yuan, up 22.44% year-on-year [4][17]. - The report indicates that the steel sector's holdings accounted for 0.50% of total fund holdings, with a notable increase in the number of holdings during the first and third quarters [4][17]. 3. Investment Recommendations - The report recommends focusing on leading companies in the ordinary steel sector that are expected to benefit from improved supply-demand dynamics, as well as companies in the special steel sector with strong fundamentals [4][29].

Core Points - The third round of the fifth batch of central ecological and environmental protection inspections has been fully launched, approved by the Central Committee of the Communist Party and the State Council [1] - Eight central ecological and environmental protection inspection teams have been formed to conduct routine inspections in Beijing, Tianjin, and Hebei, as well as five central enterprises [1] - Special inspections for the Grand Canal ecological environment protection will be conducted in eight provinces, focusing on cultural protection and ecological environment [1] Group 1 - Eight central inspection teams will conduct inspections for one month in Beijing, Tianjin, and Hebei, and two weeks for special inspections in Jiangsu, Zhejiang, Anhui, Shandong, and Henan [1] - The inspection teams are led by designated leaders for each region and enterprise, ensuring a structured approach to the inspections [1] - The inspections aim to enhance the effectiveness of ecological and environmental protection efforts and address issues in a systematic manner [2] Group 2 - The inspection teams will adhere to the principles of the "two establishments," enhancing awareness and confidence while maintaining a problem-oriented approach [2] - Contact information will be established for receiving reports related to ecological and environmental protection during the inspection period [2]

Group 1 - The Central Commission for Discipline Inspection and National Supervisory Commission is enhancing the quality of case reviews and has established a negative list of 34 items across five areas to address existing issues [1] - A talent pool for case review has been created, consisting of 93 members, with ongoing training and practical involvement in case reviews to improve professional capabilities [1] - The emphasis on capacity building is a key task for state-owned enterprises' disciplinary inspection and supervision institutions, aiming to create a loyal and capable team [1] Group 2 - The disciplinary inspection team at the National Pipeline Network Group is adapting to new requirements by enhancing regional collaboration and conducting joint training sessions, covering over 300 disciplinary inspection cadres [2] - Training programs are designed based on problem orientation and actual needs, focusing on improving supervisory quality and investigation skills [2] - The China Datang Group's disciplinary inspection team has conducted three online training sessions, training over 2,700 participants on high-quality supervision [2] Group 3 - China CNR Corporation's disciplinary inspection team has developed a tiered training curriculum to enhance the capabilities of inspection cadres, focusing on regulations and practical enforcement [3] - Regular updates and dynamic management of training content are implemented to ensure relevance and effectiveness [3] - The China Sinochem Group's disciplinary inspection team conducts practical training exercises to improve the capabilities of inspection personnel [4] Group 4 - The China FAW Group's disciplinary inspection team is addressing issues related to investigation processes and case quality by creating a practical training system based on real cases [4] - The training includes simulations of key investigation stages and handling unexpected situations to enhance practical skills [4] - The China Dongfang Electric Corporation's disciplinary inspection team is strengthening its capabilities through mutual learning with other state-owned enterprises and inviting experts for training [4]