Group 1 - The core viewpoint of the article highlights the recent pressure on the stock prices of China Metallurgical Group Corporation (China Minmetals) in both A-shares and Hong Kong stocks, attributed to weak demand in the construction industry, real estate adjustments, and insufficient investor confidence [1] Group 2 - From February 10 to February 17, 2026, the A-share price decreased from 3.04 yuan to 3.00 yuan, reflecting a cumulative decline of 1.32%, while the Hong Kong stock price remained at 1.85 HKD, with a three-month decline of 18.14% [1] - As of February 20, 2026, the Hong Kong stock closed at 1.86 HKD, showing a slight increase of 0.54%, while the latest A-share closing price was 3.00 yuan as of February 13, 2026 [1] - On February 13, 2026, net selling of China Minmetals' Hong Kong stocks amounted to 4.2254 million HKD, with a cumulative reduction of 13.61% over the past 30 days, and the A-shares experienced a net outflow of 113 million yuan on the same day [1] Group 3 - During the Spring Festival period in February 2026, China Minmetals continued construction on several major projects, including the revamping of the Fushun new steel furnace and the continuous rolling project of new metallurgical special steel, aiming to ensure a strong start to the year [1] - On February 20, 2026, the company repurchased 237,000 shares in the Hong Kong market for a total expenditure of 442,000 HKD, indicating management's intention to maintain the company's market value [1]