Chan Ye Xin Xi Wang·2025-12-24 03:19Core Viewpoint - The report highlights a significant decline in China's metal smelting equipment production, indicating potential challenges in the industry moving forward [1]. Group 1: Industry Overview - In October 2025, China's metal smelting equipment production was recorded at 60,000 tons, representing a year-on-year decrease of 12.9% [1]. - From January to October 2025, the cumulative production of metal smelting equipment in China reached 568,000 tons, showing a cumulative decline of 15.9% [1]. Group 2: Related Companies - The companies mentioned in the report include China Steel International (000928), CITIC Heavy Industries (601608), Dalian Heavy Industry (002204), Taiyuan Heavy Industry (600169), China First Heavy Industries (601106), Shanghai Electric (601727), and Dongfang Electric (600875) [1].