Core Viewpoint - The company, Jinzhu Pipeline, reported that its production and operations are normal, indicating stability amidst various influencing factors such as macroeconomic conditions, industry status, operational performance, and investor sentiment [2] Group 1: Company Performance - The company has maintained stable production and sales recently [2] - Measures such as exploring new markets, enhancing process levels, and reducing costs to improve efficiency are being implemented to solidify the foundation for sustainable development [2] Group 2: Market Influences - The company's stock price is affected by a complex interplay of macroeconomic factors, industry conditions, operational performance, and investor psychology [2]

Market Overview - The special steel sector increased by 1.74% on January 19, with Jinzhou Pipeline 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] Stock Performance - Jinzhou Pipeline (002443) closed at 9.35, up 7.72% with a trading volume of 451,900 shares and a turnover of 417 million yuan [1] - Changbao Co. (002478) closed at 9.48, up 5.80% with a trading volume of 636,300 shares and a turnover of 601 million yuan [1] - Shengde Zhengtai (300881) closed at 38.27, up 5.17% with a trading volume of 45,000 shares and a turnover of 171 million yuan [1] - Jiuli Special Materials (002318) closed at 30.10, up 4.33% with a trading volume of 159,300 shares and a turnover of 476 million yuan [1] - Fangda Special Steel (600507) closed at 5.95, up 2.41% with a trading volume of 273,200 shares and a turnover of 161 million yuan [1] Capital Flow - The special steel sector experienced a net outflow of 128 million yuan from institutional investors, while retail investors saw a net inflow of 78.89 million yuan [2] - The main capital flow for Fangda Special Steel (600507) showed a net inflow of 16.76 million yuan from institutional investors [3] - Shengde Zhengtai (300881) had a net inflow of 14.64 million yuan from institutional investors, but a net outflow of 16.98 million yuan from retail investors [3]

Market Overview - The special steel sector saw a slight increase of 0.08% on January 15, with Yongjin Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Stock Performance - Notable performers in the special steel sector included: - Gengmei Co., Ltd. (603995) with a closing price of 19.15, up 2.90% and a trading volume of 116,400 shares, generating a turnover of 224 million yuan [1] - Jinzhu Pipeline (002443) closed at 8.79, up 1.38% with a trading volume of 221,600 shares, resulting in a turnover of 195 million yuan [1] - Shagang Co., Ltd. (002075) closed at 5.78, down 0.52% with a trading volume of 474,100 shares, generating a turnover of 27.5 million yuan [2] Capital Flow - The special steel sector experienced a net inflow of 34.38 million yuan from institutional investors, while retail investors saw a net inflow of 31.91 million yuan [2] - However, speculative funds recorded a net outflow of 66.29 million yuan [2] Individual Stock Capital Flow - Notable net inflows from institutional investors included: - Tai Steel (000825) with a net inflow of 46.73 million yuan, accounting for 4.36% of its trading volume [3] - Fushun Special Steel (600399) with a net inflow of 25.76 million yuan, representing 2.19% of its trading volume [3] - Conversely, significant net outflows from speculative funds were observed in: - West Ning Special Steel (600117) with a net outflow of 7.91 million yuan, accounting for 9.11% of its trading volume [3] - Jiu Li Special Materials (002318) with a net outflow of 17.13 million yuan, representing 5.29% of its trading volume [3]

Market Overview - The special steel sector experienced a decline of 0.31% on January 14, with Fushun Special Steel leading the drop [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] Stock Performance - Notable stock performances include: - Changbao Co., Ltd. (002478) rose by 9.99% to a closing price of 8.92, with a trading volume of 624,500 shares and a transaction value of 539 million [1] - Jinzhu Pipeline (002443) increased by 1.88% to 8.67, with a trading volume of 275,200 shares [1] - Taiyuan Iron & Steel (000825) saw a slight increase of 1.53% to 5.32, with a trading volume of 1,698,400 shares [1] - Other stocks like Xining Special Steel (600117) and CITIC Special Steel (000708) experienced minor declines of 0.34% and 0.44%, respectively [1] Capital Flow - The special steel sector saw a net outflow of 24.62 million from institutional investors and 48.36 million from retail investors, while retail investors had a net inflow of 72.99 million [2] - The capital flow for specific stocks indicates: - Changbao Co., Ltd. had a net inflow of 1.24 billion from institutional investors, but a net outflow of 74.27 million from retail investors [3] - Xining Special Steel had a net inflow of 10.68 million from institutional investors, while retail investors experienced a net outflow of 11.70 million [3] - Taiyuan Iron & Steel faced a net outflow of 135.03 million from institutional investors, but retail investors had a net inflow of 220.43 million [3]

Market Overview - The special steel sector experienced a decline of 1.05% on January 13, with Taiyuan Iron and Steel leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable performers in the special steel sector included: - Shagang Co., Ltd. (002075) with a closing price of 5.94, up 2.41% and a trading volume of 1.3876 million shares, totaling 8.24 billion yuan [1] - Fushun Special Steel (668009) closed at 7.22, up 2.27% with a trading volume of 2.7285 million shares, totaling 19.92 billion yuan [1] - Taiyuan Iron and Steel (000825) closed at 5.24, down 5.92% with a trading volume of 1.8381 million shares, totaling 9.79 billion yuan [2] Capital Flow - The special steel sector saw a net outflow of 98.2152 million yuan from institutional investors, while retail investors had a net inflow of 112 million yuan [2] - The capital flow for specific stocks included: - Shagang Co., Ltd. had a net inflow of 60.3244 million yuan from institutional investors [3] - Fushun Special Steel experienced a net inflow of 51.0475 million yuan from institutional investors [3] - Taiyuan Iron and Steel had a significant net outflow of 21.4182 million yuan from institutional investors [3]

Market Performance - The special steel sector increased by 1.54% on January 12, with Jinzhou Pipeline leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Individual Stock Performance - Jinzhou Pipeline (002443) closed at 8.86, up 10.06% with a trading volume of 450,500 shares and a transaction value of 382 million yuan [1] - Fushun Special Steel (6682009) closed at 7.06, up 8.78% with a trading volume of 2,416,300 shares and a transaction value of 1.7 billion yuan [1] - Jiu Li Special Materials (002318) closed at 29.93, up 3.28% with a trading volume of 219,200 shares and a transaction value of 648 million yuan [1] - Taiyuan Iron & Steel (000825) closed at 5.57, up 2.96% with a trading volume of 2,265,800 shares and a transaction value of 1.266 billion yuan [1] - Xining Special Steel (600117) closed at 3.01, up 2.38% with a trading volume of 487,400 shares and a transaction value of 146 million yuan [1] Capital Flow Analysis - The special steel sector saw a net inflow of 95.108 million yuan from main funds, while retail funds experienced a net inflow of 45.5353 million yuan [2] - The main funds showed a significant net inflow in Fushun Special Steel, amounting to 202 million yuan, while retail funds had a net outflow of 1.02 billion yuan [3] - Jinzhou Pipeline had a net inflow of 39.3476 million yuan from main funds, but a net outflow of 3.3327 million yuan from retail investors [3]

Group 1 - The stock price of Jinzhu Pipeline increased by 5.34%, reaching 8.48 CNY per share, with a trading volume of 154 million CNY and a turnover rate of 3.63%, resulting in a total market capitalization of 4.414 billion CNY [1] - Jinzhu Pipeline Technology Co., Ltd. was established on July 31, 2002, and listed on July 6, 2010. The company specializes in the research, manufacturing, and sales of welded steel pipe products [1] - The main business revenue composition includes 64.76% from civil steel pipes, 31.30% from industrial steel pipes, and 3.94% from scrap and other sources [1] Group 2 - Among the top ten circulating shareholders of Jinzhu Pipeline, a fund under Guotai Fund ranks first. The Guotai CSI Steel ETF (515210) entered the top ten circulating shareholders in the third quarter, holding 4.1532 million shares, which accounts for 0.8% of the circulating shares [2] - The Guotai CSI Steel ETF (515210) was established on January 22, 2020, with a latest scale of 3.66 billion CNY. Year-to-date return is 2.56%, ranking 4178 out of 5579 in its category; the one-year return is 38.27%, ranking 2049 out of 4202; and since inception, the return is 75.16% [2] - The fund manager of Guotai CSI Steel ETF (515210) is Wu Zhonghao, who has been in the position for 3 years and 351 days, managing total assets of 25.391 billion CNY, with the best fund return during his tenure being 99.94% and the worst being -16.2% [2]

Core Viewpoint - The report highlights a decline in China's welded steel pipe production in November 2025, indicating a potential downturn in the industry [1] Group 1: Industry Overview - In November 2025, China's welded steel pipe production was 5.02 million tons, representing a year-on-year decrease of 7.1% [1] - From January to November 2025, the cumulative production of welded steel pipes in China reached 55.213 million tons, showing a slight increase of 0.6% compared to the previous year [1] Group 2: Companies Involved - Listed companies in the welded steel pipe sector include Baosteel Co., Ltd. (600019), Xinxing Cathay International Group (000778), Changbao Steel Pipe (002478), Jiuli Special Materials (002318), Honglu Steel Structure (002541), Youfa Group (601686), CITIC Special Steel (000708), Jinzhu Pipeline (002443), and Yulong Steel (601028) [1] Group 3: Research and Analysis - The report titled "Analysis of Development Models and Future Prospects of China's Welded Steel Pipe Industry from 2026 to 2032" was published by Zhiyan Consulting, a leading industry consulting firm in China [1] - Zhiyan Consulting has over a decade of experience in industry research, providing comprehensive industry solutions to support investment decisions [1]

证券日报网讯 1月9日，金洲管道发布公告称，公司已完成法定代表人及董事的工商变更登记，法定代 表人由李兴春变更为李云南，董事会成员由9人调整为7人，新董事会成员为李云南、杨林峰、薛俊、马 锐、张莉、初宜红、吴海。 （文章来源：证券日报） ...

根据《公司章程》相关规定，董事长为公司法定代表人，因此公司法定代表 人变更为李云南先生。公司已于近日在浙江省市场监督管理局办理了《公司章程》、 法定代表人及董事的工商登记变更（备案）手续，并领取了浙江省市场监督管理 局核发的《营业执照》，相关工商变更及备案手续，具体情况如下： 证券代码：002443 证券简称：金洲管道 公告编号：2026-001 浙江金洲管道科技股份有限公司 关于完成公司法定代表人及相关事项 工商登记变更（备案）的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 浙江金洲管道科技股份有限公司（以下简称"公司"）于2025年12月31日召 开了2025年第二次临时股东大会，审议并通过了《关于修订<公司章程>及其附件 的议案》《关于公司董事会换届选举第八届董事会非独立董事的议案》《关于公 司董事会换届选举第八届董事会独立董事的议案》；同日召开第八届董事会第一 次会议审议并通过了《关于选举董事长暨代表公司执行公司事务的董事的议案》, 同意选举李云南先生为公司第八届董事会董事长暨代表公司执行公司事务的董 事,任期与第八届董事会一致。具体内容详见 ...