Group 1 - Chongqing Steel's stock price increased by over 5%, currently at 1.42 HKD with a trading volume of 20.9165 million HKD [1] - For the first three quarters of 2025, Chongqing Steel reported an operating revenue of approximately 19.091 billion CNY, a year-on-year decrease of 7.32% [1] - The net loss attributable to shareholders narrowed to approximately 218 million CNY, a year-on-year improvement of 83.82%, with a basic loss per share of 0.02 CNY [1] Group 2 - The steel industry has experienced declining profitability since 2021, with continuous losses for three years, leading to cash flow issues for some smaller steel companies [1] - The recently released "Steel Industry Stabilization and Growth Work Plan (2025-2026)" emphasizes the continuation of production reduction policies to support advanced enterprises and phase out inefficient capacities [1] - There is an expectation of further supply contraction in the steel industry, with potential production cuts or shutdowns anticipated, which may lead to a gradual recovery of the industry's fundamentals [1]