证券时报·数据宝统计，截至上午收盘，上证综指3683.58点，涨跌幅为0.47%，A股总成交额为13271.58 亿元。到目前为止，今日有131只A股的5日均线主动下穿10日均线，其中飞鹿股份、华菱钢铁、乐山电 力等个股的5日均线较10日均线距离最大，分别达-1.33%、-1.00%、-0.78%。（数据宝） 部分5日、10日均线死叉个股 | 代码 | 简称 | 今日涨跌 | 今日换手 | 5日均线 | 10日均线 | 5日较10日均线 | 最新价 | 较10日均线乖 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | （%） | 率（%） | （元） | （元） | 距离（%） | （元） | 离率（%） | | 300665 | 飞鹿 | 1.77 | 3.58 | 9.36 | 9.49 | -1.33 | 9.21 | -2.93 | | | 股份 | | | | | | | | | 000932 | 华菱 | -0.18 | 0.47 | 5.71 | 5.77 | -1.00 | 5.58 | -3.33 | | | 钢铁 ...

Market Overview - The Shanghai Composite Index is at 3668.94 points with a change of 0.07% as of 10:30 AM, and the total trading volume of A-shares is 932.665 billion yuan [1] Stocks with Death Cross - A total of 151 A-shares have experienced a death cross where the 5-day moving average has fallen below the 10-day moving average [1] - Notable stocks with significant distance between the 5-day and 10-day moving averages include: - Feilu Co., Ltd. (300665) with a distance of -1.37% - Hualing Steel (000932) with a distance of -1.04% - Leshan Electric Power (600644) with a distance of -0.84% [1] Detailed Stock Performance - Feilu Co., Ltd. (300665) shows a current price of 9.17 yuan, down 3.31% from the 10-day moving average [1] - Hualing Steel (000932) is priced at 5.56 yuan, down 3.64% from the 10-day moving average [1] - Leshan Electric Power (600644) is at 13.33 yuan, down 3.27% from the 10-day moving average [1] - Other stocks with notable performance include: - Guandong Energy (301151) with a price of 21.59 yuan, down 2.23% from the 10-day moving average [1] - Shougang Co., Ltd. (000959) at 4.10 yuan, down 1.66% from the 10-day moving average [1] Additional Stocks with Death Cross - Other stocks experiencing a death cross include: - Yitian Intelligent (300911) with a price of 51.85 yuan, slightly above the 10-day moving average [1] - Tongyuan Petroleum (300164) at 5.16 yuan, down 2.68% from the 10-day moving average [1] - Xichang Electric Power (600505) at 14.19 yuan, down 1.92% from the 10-day moving average [1]

天眼查商业履历信息显示，湖南华菱钢铁股份有限公司，成立于1999年，位于长沙市，是一家以从事黑 色金属冶炼和压延加工业为主的企业。企业注册资本690863.2499万人民币，实缴资本230851.7363万人 民币。公司法定代表人为李建宇。 通过天眼查大数据分析，湖南华菱钢铁股份有限公司共对外投资了9家企业，参与招投标项目155次，知 识产权方面有商标信息6条。 来源：金融界 金融界消息 截至2025年8月14日收盘，华菱钢铁（000932）报收于5.59元，下跌3.12%，换手率1.19%， 成交量82.19万手，成交金额4.65亿元。 资金流向方面，今日主力资金净流出2127.43万元，占比成交额4.58%。其中，超大单净流出1572.06万 元、占成交额3.38%，大单净流出555.37万元、占成交额1.2%，中单净流出流出1342.85万元、占成交额 2.89%，小单净流入3470.28万元、占成交额7.47%。 华菱钢铁最新一期业绩显示，截至2025一季报，公司营业总收入302.30亿元、同比减少18.40%，归属净 利润5.62亿元，同比增长43.55%，扣非净利润4.51亿元，同比增长39.76 ...

主力资金净流出的行业有24个，国防军工行业主力资金净流出规模居首，全天净流出资金70.52亿元， 其次是有色金属行业，净流出资金为64.83亿元，净流出资金较多的还有电力设备、机械设备、医药生 物等行业。 钢铁行业今日下跌0.83%，全天主力资金净流出7.56亿元，该行业所属的个股共44只，今日上涨的有8 只，涨停的有1只；下跌的有35只。以资金流向数据进行统计，该行业资金净流入的个股有11只，净流 入资金居首的是杭钢股份，今日净流入资金7936.83万元，紧随其后的是方大特钢、河钢资源，净流入 资金分别为2687.31万元、1639.51万元。钢铁行业资金净流出个股中，资金净流出超千万元的有15只， 净流出资金居前的有包钢股份、华菱钢铁、马钢股份，净流出资金分别为4.87亿元、8037.51万元、 5396.86万元。 沪指8月12日上涨0.50%，申万所属行业中，今日上涨的有18个，涨幅居前的行业为通信、电子，涨幅 分别为2.24%、1.88%。跌幅居前的行业为国防军工、钢铁，跌幅分别为1.03%、0.83%。钢铁行业位居 今日跌幅榜第二。 资金面上看，两市主力资金全天净流出301.23亿元，今日有7个行 ...

Industry Overview - The galvanized steel sheet industry in China has developed into a mature system, characterized by simultaneous growth in scale, intensification, and high-end production [1][8] - In the first five months of 2025, the sales volume of galvanized sheets reached 11 million tons, a year-on-year decline of 2.77%, indicating a significant demand contraction [1][10] - The slowdown in real estate and infrastructure investment has weakened the demand for steel in the construction sector, despite projected growth in infrastructure investment by 8.3% and real estate development investment by 5.4% in 2024 [1][10] Industry Chain - The upstream of the galvanized sheet industry includes raw materials such as steel and zinc, as well as production equipment like furnaces and galvanizing machines [4] - The midstream involves the manufacturing of galvanized sheets, while the downstream applications span construction, home appliances, automotive, and energy storage sectors [4] Current Industry Status - The industry is facing significant pressure from demand contraction, with internal demand not being released, leading to continuous price declines [10] - As of June 2025, the price of galvanized sheets in China was 4,082.5 yuan per ton, down 16.17% year-on-year [10] Key Enterprises' Performance - Major players like Baosteel, Ansteel, and Hebei Steel dominate the high-end market, leveraging technology and capacity to maintain competitive advantages [12] - Baosteel's revenue in 2024 was 322.116 billion yuan, a decrease of 6.50%, while R&D investment increased by 27.95% to 25.044 billion yuan [13] - Ansteel's revenue in 2024 was 105.101 billion yuan, down 9.06%, with R&D investment rising by 39.22% to 3.972 billion yuan [15] Industry Development Trends 1. The product structure is shifting towards high-end materials, with a focus on high-strength, corrosion-resistant, and functionalized products [17] 2. Environmental policies are driving the adoption of green and smart manufacturing, with significant reductions in carbon emissions expected [18][19] 3. The industry is moving towards a dual-driven model of "domestic demand upgrade and international expansion," with new urbanization and electric vehicle production expected to boost demand [20]

Investment Rating - The report maintains a "Buy" rating for several steel companies, including Hualing Steel, Baosteel, Nanjing Steel, and others, based on their projected earnings and valuation metrics [3]. Core Viewpoints - Steel demand is entering a seasonal downturn, with a focus on production restrictions in North China. The recent announcement of new coal safety regulations has led to rising prices in the coking coal sector. Despite high supply levels, steel mill profits are declining. Anticipation of production cuts around the September 3 military parade may temporarily suppress steel supply [3][6]. - Long-term capacity management remains a key theme, with a combination of market-oriented and administrative measures expected to optimize crude steel supply. The gradual release of new iron ore capacity is anticipated to restore profitability for steel companies [3][6]. Summary by Sections Price Trends - As of August 8, 2025, steel prices showed mixed trends. The price of 20mm HRB400 rebar in Shanghai was 3,330 CNY/ton, down 20 CNY/ton from the previous week. Hot-rolled steel increased by 40 CNY/ton to 3,470 CNY/ton, while cold-rolled steel rose by 10 CNY/ton to 3,870 CNY/ton [1][9]. Production and Inventory - The total production of five major steel varieties reached 8.69 million tons, an increase of 17,900 tons week-on-week. Rebar production rose by 101,200 tons to 2.2118 million tons. Total social inventory increased by 201,600 tons to 9.6149 million tons [2][3]. Profitability - Steel profits have decreased, with estimated gross margins for rebar, hot-rolled, and cold-rolled steel declining by 67 CNY/ton, 16 CNY/ton, and 28 CNY/ton respectively. Electric arc furnace steel margins also fell by 22 CNY/ton [1][3]. Investment Recommendations - The report recommends several companies for investment: Hualing Steel, Baosteel, Nanjing Steel in the flat steel sector; Xianglou New Materials, CITIC Special Steel, Yongjin Co. in the special steel sector; and Jiuli Special Materials, Youfa Group, Wujin Stainless in the pipe materials sector. It also suggests monitoring high-temperature alloy companies like Fushun Special Steel [3][6].

Industry Overview - The medium and thick wide steel strip industry is experiencing structural growth opportunities due to the transformation and upgrading of the manufacturing industry and the rapid development of the new energy sector [1][8] - The production of medium and thick wide steel strips in China reached 114 million tons in the first half of 2025, representing a year-on-year increase of 4.47% [1][8] Industry Chain - The upstream of the medium and thick wide steel strip industry includes raw materials such as iron ore, coal, scrap steel, and electricity, as well as production equipment like blast furnaces and rolling mills [4] - The downstream applications encompass construction, machinery manufacturing, shipbuilding, energy equipment, bridges, and the automotive industry [4] Market Dynamics - The global iron ore supply is expected to increase, with major producers like Rio Tinto and BHP expanding capacity, leading to a projected global output of 2.45 billion tons in 2025, a year-on-year increase of 3.8% [6] - The price of iron ore futures in China fell to 715.5 yuan per ton by the end of June 2025, a decrease of 13.27% year-on-year, which significantly reduced production costs for medium and thick wide steel strips [6] Key Enterprises - The medium and thick wide steel strip industry has a relatively high market concentration, with a few large enterprises dominating the market, such as Baosteel Group and Ansteel [12] - Baosteel is recognized for its advanced production technology and equipment, while Ansteel has a strong market share in various sectors including construction and machinery [12][14] Development Trends - The industry is shifting towards high-end and intelligent transformation, with a focus on high-strength and corrosion-resistant steel [18] - The green and low-carbon development trend is becoming mainstream, with expectations of a 15% reduction in carbon emission intensity through the adoption of hydrogen metallurgy and short-process steelmaking technologies [19] - The application of medium and thick wide steel strips in new infrastructure projects, such as rail transit and new energy vehicles, is expected to expand significantly [20]

Industry Overview - The thick plate industry is characterized by its high strength, excellent plasticity, and weather resistance, making it irreplaceable in shipbuilding, energy equipment, and bridge engineering [1][7] - In 2023, China's thick plate production reached 11.18 million tons, a year-on-year decrease of 1.81%, but it maintained a steady growth trend amidst fluctuations [1][7] - The short-term decline is attributed to slow global economic recovery, increased international trade friction, and deep adjustments in domestic industrial structure [1][7] - The high-end trend in the industry is emerging, with the production of high-value-added products like 15CrMoR for nuclear power and chromium-molybdenum steel increasing against the trend [1][7] Industry Chain - The upstream of the thick plate industry includes raw materials such as iron ore, coal, scrap steel, and electricity, as well as production equipment like blast furnaces and rolling mills [3] - The midstream involves the production and manufacturing of thick plates, while the downstream includes industries with high material performance requirements such as construction, aerospace, marine engineering, and energy [3] Market Trends - The thick plate market is expected to experience a "narrow fluctuation and downward shift" in the first half of 2025, with an average price of 4,364 yuan per ton in June 2025, reflecting a 0.95% increase month-on-month but an 8.18% decrease year-on-year [9] - The market dynamics have shifted significantly, with prices remaining stable in the first quarter due to concentrated infrastructure project releases and export orders, but showing a gradual decline in the second quarter due to weakened global economic recovery [9] Key Enterprises - Major companies in the thick plate industry include Baosteel, Shagang, Ansteel, and Hesteel, with Baosteel holding a significant market share due to its advanced production technology [11][13] - Ansteel is recognized for its high-quality thick plates used in pressure vessels and bridges, while Hesteel's products are favored in mining and engineering machinery [11][13] Development Trends - The industry will focus on technological innovation and product upgrades, with increased R&D investment to develop high-strength, high-toughness, and high-corrosion-resistant thick plates [17] - Environmental policies are driving the industry towards green and low-carbon development, with companies investing in clean energy and energy-saving technologies [18][19] - The market demand for thick plates is expected to grow due to infrastructure construction, manufacturing transformation, and developments in the renewable energy sector [20]

Group 1 - The company, Hualing Steel, announced the convening of its second extraordinary general meeting of shareholders for 2025 on August 8, 2025 [2] - The meeting approved several proposals, including the election of non-independent director candidates for the company's ninth board of directors [2]

股票简称：华菱钢铁 股票代码：000932 公告编号：2025-56 湖南华菱钢铁股份有限公司 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 一、会议召开和出席情况 （一）会议召开情况 （1）现场会议召开时间：（星期五）下午 14:30。 （2）网络投票时间：2025 年 8 月 8 日。其中，通过深圳证券交易所交易系 统进行网络投票的具体时间为 2025 年 8 月 8 日的交易时间，即 9:15-9:25，9:30- 午 9:15 至下午 15:00 期间的任意时间。 会议室 法规及规章的规定。 （二）会议的出席情况 出 席 本 次 股 东 大 会 的 股 东 及 股 东 授 权 代 表 共 计 157 人 ， 代 表 股 份 其中： 出席现场会议的股东及股东授权代表 6 人，代表股份 3,162,977,981 股，占公 司有表决权股份总数的 45.7830%。 通过网络投票出席会议的股东 151 人，代表股份 198,194,230 股，占公司有表 决权股份总数的 2.8688%。 公司部分董事、高管人员及公司聘请的见证律师出席了会议。 二、提 ...