Group 1 - The exhibition will take place from May 26 to May 28, 2026, at the Timiryazev Exhibition Center and will be held annually [1] - The event will cover two main themes: LITMASH—International Foundry Technology, Supplies and Castings Trade Fair, and International Metallurgy Technology, Processes and Metal Products Trade Fair [3] - Concurrent exhibitions will include the 2026 Russia Cable and Wire Exhibition, the 2026 Russia International Pipe Exhibition, and the 2026 Russia International Steel Structure Exhibition [3] Group 2 - The exhibition will feature a wide range of casting equipment, including melting and auxiliary equipment, molding/core making equipment, sand treatment/recycling equipment, and cleaning equipment [4][5] - Various types of castings will be showcased, such as cast steel, cast iron, stainless steel castings, and non-ferrous alloy castings [4] - Metallurgical products and equipment will also be highlighted, including raw material suppliers, metal products, and metallurgical process auxiliary materials [5]

Core Viewpoint - The company Lingang Co., Ltd. (stock code: 600231) has announced a forecast for its 2025 performance, expecting a net loss attributable to shareholders of between 1.45 billion to 1.67 billion yuan, compared to a loss of 1.678 billion yuan in the same period last year [4] Financial Performance - The forecasted net profit loss for 2025 is between 1.464 billion to 1.684 billion yuan, with the previous year's loss being 1.471 billion yuan [4] - The company's price-to-book ratio (LF) is approximately 1.31 times, and the price-to-sales ratio (TTM) is about 0.39 times based on the latest closing price [4] Industry Context - The steel industry is still in a phase of "reduction and optimization," facing challenges of strong supply and weak demand in 2025 [12] - The company is dealing with internal challenges, including delays in the commissioning of its No. 6 blast furnace and comprehensive annual repairs on the No. 5 blast furnace, which collectively reduced iron production by 500,000 tons [12] - The company is focusing on "reduction and quality improvement," emphasizing intensive production, quality enhancement, and cost control, although it has not yet turned around its loss situation [12] Non-Operating Income - Non-operating gains have increased by 22.198 million yuan compared to the previous year, primarily due to asset disposal losses related to the replacement of blast furnace capacity and various environmental improvement projects [12]

Group 1 - Company held its 22nd board meeting on October 29, 2025, via telecommunication to review 15 proposals including revisions to the "Information Disclosure Management System" and "Independent Director System" [1] - For the first half of 2025, the company's revenue composition was 100% from metallurgy [2] - The current market capitalization of the company is 32.6 billion yuan [3]

Core Viewpoint - The global trade landscape is facing challenges due to geopolitical uncertainties, yet the trend of globalization and the need for strong supply chains remain critical for sustainable development [2]. Group 1: China-Italy Trade Relations - China is Italy's primary commercial partner in the Far East, and ongoing dialogue and support for small and medium-sized enterprises (SMEs) are essential for promoting bilateral trade growth [4][5]. - The bilateral trade volume is projected to reach $72 billion in 2024, with a further increase to $23 billion by 2025, highlighting China's significance in Italy's Asian market strategy [5]. - Despite recent tariff impacts, Italy's exports of metallurgical products to China increased by 23%, reaching $31.6 million, showcasing the resilience of China-Italy cooperation [6]. Group 2: Strategic Opportunities and Collaboration - The evolving economic landscape in Europe presents both challenges and potential collaboration areas for Chinese enterprises, particularly in green technology, digital transformation, and advanced manufacturing [7]. - Establishing joint ventures in high-value sectors like electric vehicle batteries and robotics can enhance risk-sharing and technology exchange between Chinese and Italian firms [8]. - Platforms such as international expos and e-commerce can facilitate Italian SMEs' entry into the Chinese market while allowing Chinese companies to learn from Italian brand management practices [8]. Group 3: Cultural and Economic Synergy - Cultural cooperation, exemplified by the 700th anniversary of Marco Polo's death, strengthens the economic ties between China and Italy, with projects in film, art, and tourism enhancing mutual understanding [9]. - The collaboration in the digital economy is supported by the EU's Digital Markets Act, which provides a structured framework for cooperation in AI and 5G technologies, with Italian exports of computer and electronic products to China projected to reach $58.4 million in 2024 [11]. Group 4: Renewable Energy and Sustainability - China's "dual carbon" goals align with the EU's sustainable development objectives, fostering collaboration in renewable energy and biofuels, with Italy importing approximately €50 million worth of solar panels and liquid biofuels from China in 2024 [11]. - The energy transition in Italy aligns with China's leadership in the photovoltaic sector, with related exports expected to exceed 200 billion RMB in 2024, creating opportunities for cooperation in solar and energy storage projects [12].