Group 1 - The company Steel Research High-tech announced plans to establish a wholly-owned subsidiary in Saudi Arabia to expand its overseas market presence and meet strategic needs for international development and Middle East market expansion [1] - The total investment for the new industrial base, which will focus on the production line for ethylene cracking furnace tubes, is not to exceed approximately 138 million yuan, funded by the company's own and self-raised funds [1] - The registered capital for the wholly-owned subsidiary will not exceed 73 million yuan, and it will be included in the company's consolidated financial statements after establishment [1] Group 2 - For the year 2024, the company's revenue composition is expected to be 100% from non-ferrous metal processing [1] - As of the report date, the market capitalization of Steel Research High-tech is 13.3 billion yuan [1]

Group 1 - The core point of the article is that Steel Research High-tech (SZ 300034) held its seventh board meeting on October 22, 2025, where it reviewed its Q3 2025 report, indicating ongoing corporate governance and financial oversight [1] - For the year 2024, the company's revenue composition is entirely from non-ferrous metal processing, with a 100.0% share [1] - As of the report, Steel Research High-tech has a market capitalization of 13.3 billion yuan [1]

Group 1 - The company Steel Research High-tech (SZ 300034) announced the transfer of a 10% stake in Qingdao High-tech to China Steel Research (Hebei) Technology Co., Ltd for a transaction price of 12 million 34 thousand yuan based on third-party valuation [1] - The transfer payment will be completed within 120 days after the change of shareholders in Qingdao High-tech [1] - For the year 2024, the company's revenue composition will be 100% from non-ferrous metal processing [1] Group 2 - The current market capitalization of Steel Research High-tech is 14.7 billion yuan [2]