12月31日消息，从新兴铸管获悉，近日铸管股份旗下芜湖新兴铸管已完成对江阴华润制钢的收购，江阴 新兴特钢有限公司正式组建并揭牌。 此次收购是经国务院国资委、新兴际华集团及铸管股份党委批准的战略举措，也是新兴铸管聚焦主业、 优化钢铁产品结构、加速优特钢转型升级的重要布局，将推动芜湖新兴与江阴新兴特钢联动协同，充分 发挥双方渠道优势，加速产品向高端跃升，促进铸管股份构建跨区域协同、跨区域资源共享的钢铁产业 体系，实现钢铁板块向高端化、绿色化、融合化转型。（刘丽丽） 责任编辑：何俊熹 12月31日消息，从新兴铸管获悉，近日铸管股份旗下芜湖新兴铸管已完成对江阴华润制钢的收购，江阴 新兴特钢有限公司正式组建并揭牌。 此次收购是经国务院国资委、新兴际华集团及铸管股份党委批准的战略举措，也是新兴铸管聚焦主业、 优化钢铁产品结构、加速优特钢转型升级的重要布局，将推动芜湖新兴与江阴新兴特钢联动协同，充分 发挥双方渠道优势，加速产品向高端跃升，促进铸管股份构建跨区域协同、跨区域资源共享的钢铁产业 体系，实现钢铁板块向高端化、绿色化、融合化转型。（刘丽丽） 责任编辑：何俊熹 ...

Core Viewpoint - The article emphasizes the development and transformation of Jiyuan as a modern demonstration zone, focusing on innovation, urban-rural integration, ecological development, deepening reforms, and improving people's livelihoods to achieve high-quality economic growth [3][4][6][8][10]. Group 1: Innovation and Industry Upgrade - Jiyuan is committed to innovation-driven industrial upgrades, establishing a vibrant innovation ecosystem that enhances its industrial advantages [3]. - The annual output value of the non-ferrous metal industry is approaching 200 billion, with strategic emerging industries accounting for 25.4% of the added value of industrial enterprises from January to October [3][4]. Group 2: Urban-Rural Integration - Jiyuan is the only national demonstration zone for integrated urban-rural development, achieving a 70% urbanization rate and over 80% integration [4]. - The city has passed various national reviews, enhancing urban quality and residents' happiness [4][5]. Group 3: Ecological Development - Jiyuan is focused on green transformation, achieving significant progress in ecological protection and restoration, with a forest coverage rate of 41.55% [6][7]. - The city has created 11 national-level green factories, with industrial solid waste utilization rates at 95% and hazardous waste utilization at 90% [7]. Group 4: Reform and Opening Up - Jiyuan is advancing deep reforms to stimulate internal motivation and integrate into the national market, with significant progress in state-owned enterprise reforms [8]. - The city is developing a multi-modal transport network and attracting high-quality investments, maintaining a strong position in import and export values [8]. Group 5: Livelihood Improvement - Jiyuan invests over 70% of its financial resources in people, enhancing the quality of life for its residents [10]. - The per capita disposable income ranks second in the province, with a focus on social security and public services [10][11].

人民财讯12月14日电，近日，凌钢与上海钢联（300226）电子商务股份有限公司签署战略合作协议。根 据协议，双方将聚焦三大核心方向：一是依托上海钢联数据优势，助力凌钢优特钢等拳头产品拓展市 场；二是共建价格监测、供需分析等数字化服务体系，赋能凌钢生产经营决策；三是探索产业链延伸开 拓等创新合作模式，通过数字赋能构建"采、产、销"一体化生态。 ...

Core Viewpoint - The Chinese special steel industry is experiencing steady growth in production and significant advancements in technology and sustainability, with a focus on high-value products and international competitiveness [1][3][21]. Production Growth - In 2024, the crude steel production of special steel by key member enterprises of the China Special Steel Enterprises Association (CSESA) is projected to reach 78.69 million tons, a 19.3% increase from 2021 and a 14.5% increase from the end of the 13th Five-Year Plan. The forecast for 2025 is 79.74 million tons, representing a 20.9% increase from 2021 and a 16.0% increase from the end of the 13th Five-Year Plan [1][49]. - The production of bearing steel in 2024 is expected to be 4.97 million tons, a 12.2% increase from 2021 and a 25.2% increase from the end of the 13th Five-Year Plan. The 2025 forecast is 4.88 million tons, a 10.2% increase from 2021 and a 22.9% increase from the end of the 13th Five-Year Plan [3][51]. - Gear steel production is projected to reach 5.02 million tons in 2024, a 39.1% increase from 2021 and a 35.7% increase from the end of the 13th Five-Year Plan, with a forecast of 5.60 million tons in 2025, a 55.1% increase from 2021 and a 51.4% increase from the end of the 13th Five-Year Plan [5][53]. - Tool steel production is expected to be 850,000 tons in 2024, a 44.1% increase from 2021 and a 2.4% increase from the end of the 13th Five-Year Plan, with a forecast of 870,000 tons in 2025, a 47.5% increase from 2021 and a 4.8% increase from the end of the 13th Five-Year Plan [7][55]. R&D Investment - R&D expenses for 2024 are projected to be 22.6 billion yuan, a 29.9% increase from 2021 and a 61.4% increase from the end of the 13th Five-Year Plan. The forecast for 2025 is 21.1 billion yuan, a 21.3% increase from 2021 and a 50.7% increase from the end of the 13th Five-Year Plan [9][57]. - The R&D investment intensity is expected to be 3.3% in 2024, an increase of 1 percentage point from 2021 and 2.2 percentage points from the end of the 13th Five-Year Plan, with the same level expected to be maintained in 2025 [11][59]. Industry Consolidation - Since the 14th Five-Year Plan, the special steel industry has seen steady progress in mergers and acquisitions, leading to a dual structure of "super-large groups" and "specialized leaders" [13][61]. - Numerous specialized production enterprises have emerged, forming industrial clusters that cover various specialized production lines, creating a comprehensive structure and advanced production processes [15][63]. Breakthroughs in Key Materials - Significant breakthroughs have been achieved in key material fields during the 14th Five-Year Plan, supporting developments in infrastructure, wind power equipment, aerospace, and marine engineering [15][64]. Green and Low-Carbon Development - The special steel industry has made substantial progress in green and low-carbon development through process reforms, energy-saving technologies, and intelligent upgrades, with 70% of member units completing or partially completing ultra-low emission transformations by February 2025 [21][69]. - Various companies have implemented innovative technologies to reduce emissions and energy consumption, such as low-carbon heating furnaces and intelligent combustion technologies [22][70]. Intelligent Manufacturing - The industry has undergone a profound transformation towards intelligent manufacturing, significantly improving production efficiency and product quality [27][75]. - Companies like Xingcheng Special Steel have been recognized as "lighthouse factories" for their advanced use of AI and digital twin technologies [27][75]. Diversified Overseas Development - The industry has shifted from simple product exports to a collaborative approach involving products, technology, brand, and capital, enhancing resilience in a complex global environment [29][77]. - Special steel enterprises are actively planning overseas production bases and local service enhancements to build a more resilient global supply chain [30][78]. International Standards and Brand Influence - The industry has made significant strides in standard-setting, moving from following to leading in international standards, particularly in green and low-carbon areas [31][79]. - Chinese companies have taken the lead in formulating international standards, enhancing their influence in the global market [31][80]. Expansion of New Application Scenarios - The industry has expanded into high-value new application scenarios, closely aligning with national major projects and emerging industries [34][82]. - Innovations in materials for renewable energy, high-end equipment, and aerospace have been developed to meet the demands of modern engineering [34][82].

人民财讯12月11日电，新兴铸管（000778）12月11日公告，公司为进一步聚焦主责主业，持续推进钢铁 产品结构调整，着力发展优特钢产业，加速推进优特钢转型升级，计划收购江阴华润制钢有限公司(简 称"华润制钢")。公司下属全资子公司芜湖新兴拟按照华润制钢基准日(2025年8月31日)的评估值12.44亿 元为交易对价，收购华润制钢100%股权。 ...

Core Viewpoint - The steel industry in China is currently facing supply-demand contradictions, but with the implementation of "stabilizing growth" policies, steel demand is expected to remain stable or slightly increase, supported by real estate stabilization, steady infrastructure investment, continuous manufacturing development, and high steel exports [1] Group 1: Production and Demand - In October, China's stainless steel crude steel production reached 3.6244 million tons, an increase of 78,700 tons month-on-month, representing a growth of 2.22% [1] - The overall profit of the steel industry is declining, but the total steel demand is anticipated to remain stable due to various supportive factors [1] Group 2: Supply and Industry Structure - The supply side is expected to tighten under the influence of policy expectations, leading to increased industry concentration [1] - The macro trend of high-quality economic development and new productive forces is expected to benefit high-end steel products, particularly those with high barriers and added value [1] Group 3: Investment Opportunities - The steel industry is expected to see a stable and improving industrial pattern, with some companies currently undervalued, presenting structural investment opportunities [1] - Companies with high gross margins and strong cost control, as well as leading steel enterprises benefiting from economies of scale, are likely to have valuation recovery opportunities in the future [1] Group 4: Long-term Outlook - Under the ongoing supply-side "anti-involution," steel production capacity is concentrating on quality leading companies [1] - On the demand side, special steel is expected to benefit from manufacturing upgrades and AI transformation, while leading companies in the ordinary steel sector may benefit from improvements in the industry supply-demand structure in the medium to long term [1]

Core Viewpoint - The company held a successful Q3 earnings briefing, engaging with investors and addressing their concerns about stock performance and future prospects [1] Group 1: Company Performance - The company reported a significant improvement in Q3 performance, attributed to efforts in enhancing operational quality and focusing on core business areas [8][9] - The company aims to leverage opportunities in urban pipeline renovation and water conservancy projects to boost profitability [3][9] Group 2: Investor Relations - The company acknowledges investor concerns regarding stock price performance, which has diverged from operational results, and emphasizes the importance of effective communication and transparency [2][4] - The management is committed to improving information disclosure practices to enhance investor confidence and understanding of the company's developments [4][10] Group 3: Market Conditions - The company faces challenges from intense price competition in the ductile iron pipe market, which has impacted profit margins [9][10] - The management recognizes that stock price fluctuations are influenced by macroeconomic conditions, industry cycles, and market sentiment [12][14] Group 4: Future Outlook - The company is optimistic about future growth, focusing on technological innovation and market expansion to enhance its competitive position [6][8] - The management plans to continue monitoring policy developments and market trends to capitalize on emerging opportunities [9][10]

Core Viewpoint - The special steel industry is positioned as a key player in China's strategic development, focusing on technological innovation and structural optimization to achieve high-quality growth and resilience in a complex environment [1] Industry Development - The special steel industry has shown a steady improvement in quality since the beginning of the year, with accelerated high-end transformation and significant improvement in efficiency indicators [2] - From January to September, the production of special steel reached 58.55 million tons, a year-on-year increase of 1.1%, with key varieties like gear steel and spring steel seeing growth rates of 11.2% and 16.5% respectively [2] Price Trends - The average price index for special steel decreased by 0.67% year-on-year, while the price index for special quality steel increased by 0.51%, indicating a divergence in market dynamics [3] - The price index for premium steel dropped by 6.86%, highlighting the need for the industry to optimize product structure to mitigate price volatility risks [3] Export Challenges - The export of special steel faced challenges, with a total export volume of 5.77 million tons from January to September, a decline of 1.3% year-on-year [3] - The industry needs to proactively plan for international market strategies to overcome external pressures [3] Profitability Improvement - The total profit of key member enterprises reached 16 billion yuan, with an average sales profit margin of 4.30%, an increase of 2.63 percentage points year-on-year [4] - The reduction in the loss ratio to 20% indicates a successful transition from scale expansion to quality and efficiency [4] Future Opportunities and Challenges - The industry is at a critical juncture with both opportunities and challenges, including global economic slowdown and increased competition [4] - Opportunities arise from national manufacturing strategies and the push for high-end transformation, as well as the demand for intelligent and green development [4] Strategic Directions - The industry aims to leverage technological innovation and talent development to drive high-quality growth, focusing on high-end, brand-oriented, international, intelligent, and green development [5] Key Work Areas - The industry association plans to enhance market ecology through self-discipline and collaboration, improve innovation capabilities, and expand international market presence [7][8] - Specific initiatives include establishing a data platform for industry insights, promoting digital transformation, and enhancing brand visibility through major events [8]

Core Viewpoint - The company is actively expanding its exports to the European Union, with a focus on specific product categories and projected export volumes for the coming years [2]. Group 1: Export Strategy - The company aims to enhance its market presence in the EU by focusing on key overseas regions [2]. - In 2024, the company plans to export approximately 75,000 tons of products to the EU [2]. - For the first three quarters of 2025, the company anticipates exporting another 75,000 tons to the EU, primarily consisting of hot-dip galvanized sheets, section steel, and special steel [2].

Core Points - The stock price of Xinxing Ductile Iron Pipes has increased by 15.97% year-to-date, with a recent rise of 2.31% over the last five trading days [2] - The company reported a revenue of 27.183 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 0.38%, while net profit attributable to shareholders reached 699 million yuan, up 44.67% year-on-year [2] - Xinxing Ductile Iron Pipes has a total market capitalization of 17.557 billion yuan as of November 6, with a trading volume of 96.162 million yuan [1] Financial Performance - The company’s main business revenue composition includes: ductile iron pipes and fittings (31.61%), special steel (24.89%), ordinary steel (23.42%), and other products (20.08%) [2] - Cumulative cash dividends since the A-share listing amount to 8.672 billion yuan, with 837 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders is 120,200, a decrease of 1.85% from the previous period, with an average of 32,403 circulating shares per person, an increase of 1.88% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 51.2662 million shares, an increase of 20.2547 million shares from the previous period [3]