英文名称：Metallurgy \ Litmash \ Wire \ Tube 展会时间：2026年05月26-28日 举办地点：俄罗斯莫斯科 迪米尔亚泽夫展览中心(TIMIRYAZEV CENTRE) 举办周期：一年一届 2026年俄罗斯国际线材、管材冶金展览会 展会名称：2026年俄罗斯国线材、管材冶金展览会 2025年展会吸引了来自10个国家的600多家展商，展出面积达到20000平方米，有来自全球各个国家和地区的约10000名专业观众前来观展和寻找合作伙伴。 线缆（含光缆）加工与制造机械、设备与材料，弹簧与紧固件加工与制造机械，焊接技术与设备，电线电缆、光纤光缆制品与配件、接插件、辅助器材，线 缆相关领域产品，测控技术与产品，等等。 冶金原材料；冶炼设备等。 俄罗斯国际线材、管材、冶金展览会始办于2007年，冶金及管材部分一年一届；线材部分两年一届。该展会原属于杜塞尔多夫展览公司旗下系列冶金、管 材、线材展会之一。该系列展在管线及冶金领域深受好评，参与者众多。 2023年开始，该展会由俄罗斯线材以及管材冶金协会独立主办，基于国际形势原因，俄罗斯采购商将目光投向中国市场，是抢占俄罗斯市场的好时机。 TU ...

Core Viewpoint - Wuzhou Development is a leading comprehensive service provider in the metal mineral sector in China, with core businesses including resource trading, metal trading, and supply chain services [1] Group 1: Business Performance - In Q3 2025, Wuzhou Development reported revenue of 40.893 billion yuan, ranking 4th in the industry, surpassing the industry average of 29.795 billion yuan and the median of 25.483 billion yuan [2] - The main business composition includes metallurgical raw materials at 12.778 billion yuan (47.36%), steel at 12.406 billion yuan (45.98%), and services at 1.796 billion yuan (6.66%) [2] - The net profit for the same period was 115 million yuan, ranking 5th in the industry, below the industry average of 562 million yuan and the median of 73.928 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Wuzhou Development's debt-to-asset ratio was 70.63%, a decrease from 72.30% year-on-year but still above the industry average of 63.05% [3] - The gross profit margin was 3.28%, an increase from 2.79% year-on-year, but significantly lower than the industry average of 15.06% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 23.67% to 62,500 [5] - The average number of circulating A-shares held per shareholder decreased by 19.14% to 17,200 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked second with 20.8495 million shares, an increase of 12.4595 million shares from the previous period [5]

Core Viewpoint - Wenkang Development's stock price has shown a year-to-date increase of 26.40%, despite recent declines in the short term, indicating volatility in its market performance [2]. Group 1: Stock Performance - As of October 21, Wenkang Development's stock rose by 2.04%, reaching a price of 9.00 CNY per share, with a trading volume of 26.78 million CNY and a turnover rate of 0.28% [1]. - The stock has experienced a decline of 1.85% over the last five trading days and a 6.54% drop over the past 20 days, while showing a 7.53% increase over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Wenkang Development reported a revenue of 26.98 billion CNY, a year-on-year decrease of 22.19%, while the net profit attributable to shareholders was 108 million CNY, reflecting a significant year-on-year increase of 112.28% [2]. - The company has distributed a total of 2.68 billion CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Wenkang Development was 50,500, a decrease of 1.83% from the previous period, with an average of 21,217 shares held per shareholder, an increase of 1.87% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 8.39 million shares, and new entrants such as Guangfa Multi-Factor Mixed Fund and Huaxia CSI 1000 ETF [3].