Zhi Tong Cai Jing·2025-12-31 07:57Group 1 - The steel industry has shown significant improvement in profitability, with effective cost control measures in place [1] - The demand side is adjusting due to real estate sector changes, while new infrastructure and renewable energy are supporting the demand for manufacturing steel [1] - The Ministry of Industry and Information Technology has issued a plan for the steel industry, targeting an average annual value-added growth of around 4% from 2025 to 2026 [1] Group 2 - In the first three quarters of 2025, the steel sector achieved a net profit of 20.147 billion yuan, with a significant year-on-year turnaround [2] - The average sales gross margin for the industry increased to 12.35%, up 1.33 percentage points year-on-year, indicating improved profitability [1][2] - The third quarter of 2025 saw the steel sector achieve a net profit of 8.716 billion yuan, marking a 12.16% quarter-on-quarter increase and a significant year-on-year recovery [2] Group 3 - Leading steel companies have demonstrated stable revenue and a faster recovery in profitability, with Shougang Corporation reporting a net profit increase of 368.13% year-on-year [3] - The profitability improvement is broadening, with several companies in the sector achieving a turnaround in net profit [3] - Fangda Special Steel reported a sales gross margin of 10.44% and a net profit margin of 5.97%, highlighting the profitability advantages of high-end special steel products [3]