Core Viewpoint - HeSteel Co., Ltd. experienced a decline of 5.04% in stock price, closing at 2.45 CNY per share, with a total market capitalization of 25.33 billion CNY [1] Group 1: Company Overview - HeSteel Co., Ltd. is located in Shijiazhuang, Hebei Province, established on January 18, 1997, and listed on April 16, 1997 [1] - The company's main business includes black metal smelting and rolling processing, steel rolling, and metal products [1] - Revenue composition: - Sheet metal: 70.92% - Gases, water, electricity, and other products: 9.84% - Bars and profiles: 8.68% - Others (supplementary): 4.20% - Steel billets: 3.40% - Wire rods and strip steel: 1.83% - Vanadium products: 1.13% [1] Group 2: Fund Holdings - One fund under China Merchants Fund holds a significant position in HeSteel Co., Ltd. - The fund, China Merchants CSI 500 Index Enhanced A (004192), held 1.6809 million shares in the third quarter, accounting for 1.05% of the fund's net value, ranking as the fifth-largest holding [2] - The estimated floating loss for the fund today is approximately 218,500 CNY [2] Group 3: Fund Manager Information - The fund manager of China Merchants CSI 500 Index Enhanced A is Deng Tong, who has been in the position for 3 years and 362 days [3] - The total asset size of the fund is 8.712 billion CNY, with the best fund return during the tenure being 79.04% and the worst being 1.84% [3]

Core Viewpoint - Heibei Iron and Steel Co., Ltd. (河钢股份) has experienced a decline in stock price recently, with a current trading price of 2.58 CNY per share, while the company has shown an overall increase in stock price of 18.35% year-to-date [1]. Financial Performance - As of September 30, 2025, the company reported a revenue of 66.308 billion CNY for the first half of the year, reflecting a year-on-year growth of 12.73%. The net profit attributable to shareholders was 598 million CNY, marking a significant increase of 44.75% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 13.726 billion CNY, with 1.137 billion CNY distributed over the last three years [3]. Shareholder Information - The number of shareholders as of September 30, 2025, stands at 232,000, a decrease of 0.80% from the previous period. The average number of circulating shares per person has increased by 0.81% to 44,556 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 83.6273 million shares, a decrease of 1.9517 million shares from the previous period. Meanwhile, Southern CSI 500 ETF has increased its holdings to 61.3665 million shares, an increase of 836,570 shares [3]. Market Activity - The stock has seen a trading volume of 1.78 billion CNY with a turnover rate of 0.66%. The net outflow of main funds was 18.9404 million CNY, with significant selling pressure observed [1].

Core Viewpoint - The stock performance of Hebei Iron and Steel Co., Ltd. (河钢股份) has shown fluctuations, with a recent decline of 2.36% and a year-to-date increase of 13.76%, indicating a mixed market sentiment towards the company [1]. Financial Performance - For the first half of 2025, Hebei Iron and Steel achieved a revenue of 66.308 billion yuan, representing a year-on-year growth of 12.73% [2]. - The net profit attributable to shareholders for the same period was 598 million yuan, reflecting a significant year-on-year increase of 44.75% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Hebei Iron and Steel was 245,400, a slight decrease of 0.25% from the previous period [2]. - The average number of circulating shares per shareholder increased by 0.25% to 42,123 shares [2]. Dividend Distribution - Since its A-share listing, Hebei Iron and Steel has distributed a total of 13.726 billion yuan in dividends, with 1.137 billion yuan distributed over the last three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 83.6273 million shares, a decrease of 1.9517 million shares from the previous period [3]. - Southern CSI 500 ETF ranked as the seventh-largest circulating shareholder, increasing its holdings by 8.3657 million shares to 61.3665 million shares [3].