中钢洛耐：股东国新双百壹号减持公司股份1125万股，本次减持计划已经实施完毕

Group 1 - The core point of the article is that China Steel Luonai (SH 688119) announced the completion of a share reduction plan, where Guoxin Shuangbai No. 1 reduced its holdings by 11.25 million shares, accounting for 1% of the company's total share capital [1] - The share reduction took place between September 25, 2025, and November 19, 2025, indicating a strategic move by the shareholder [1] - As of the report, China Steel Luonai has a market capitalization of 5 billion yuan [1] Group 2 - For the first half of 2025, the revenue composition of China Steel Luonai shows that refractory materials accounted for 97.16% of total revenue, while other businesses contributed 2.84% [1]