长江商报消息 ●长江商报记者 徐阳 区域钢铁龙头华菱钢铁（000932.SZ）经营显韧性。 根据公告，华菱钢铁预计2025年度实现归属于上市公司股东的净利润（以下简称"归母净利润"）26亿元 —30亿元，同比增长27.97%—47.66%。 值得注意的是，这是华菱钢铁在2025年面临一次性补缴约6.57亿元环境保护税及滞纳金的不利因素下， 仍预计实现归母净利润正增长。 资料显示，华菱钢铁的主营业务是钢材产品的生产和销售。公司的主要产品是宽厚板、热冷轧薄板、线 棒材、无缝钢管。 近年来，华菱钢铁加快推进"高端化、绿色化、智能化、精益化"四化转型，并以科技创新持续赋能， 2021年至2025年前三季度研发投入金额合计292.83亿元。 2025年预计盈利高增长 钢铁行业市场景气度仍然不高，华菱钢铁经营业绩逆势稳增长。 2025年度业绩预告显示，华菱钢铁预计2025年度实现利润总额47亿元—53亿元，比上年同期增长 13.49%—27.98%；归母净利润26亿元—30亿元，比上年同期增长27.97%—47.66%；实现扣非净利润23 亿元—27亿元，比上年同期增长76.14%—106.78%。 长江商报记者注意到， ...

2025年12月31日，华菱钢铁发布公告，公司下属子公司湖南华菱湘潭钢铁有限公司（以下简称"华菱湘钢"）和湖南华菱涟源钢铁有限公司（以下简称"华菱 涟钢"）近期根据主管税务部门的要求，对涉税事项展开自查。 经自查，子公司华菱湘钢和华菱涟钢共需补缴2018年至2023年期间环境保护税36495.06万元及滞纳金29239.12万元，合计65734.18万元。其中，环境保护税 5565.71万元及滞纳金16851.64万元，合计22417.35万元已纳入公司三季度报表。 华菱湘钢、华菱涟钢的钢铁制造过程包含焦化工序，在产出焦炭的同时，也会产生煤焦油等焦化副产品，属于对环境有影响的固体废物。根据相关规定，直 接向环境排放污染物的企业需缴纳环境保护税，但在符合标准的设施、场所贮存或处置固体废物的不属于直接排放，无需申报缴纳。 自查期间，华菱湘钢和华菱涟钢生产的煤焦油全部销售给下游客户开展综合利用。公司认为，华菱湘钢和华菱涟钢并未直接向环境排放煤焦油（如非法倾 倒），而是对其进行了合理处置，并建立了完整的煤焦油产生、转移、销售台账，确保全过程受控，未向外环境直接排放，且未收到任何生态环境部门关于 非法倾倒煤焦油等环境污 ...

Core Viewpoint - The steel industry remains under pressure, yet Hualing Steel (000932.SZ) has achieved stable growth in its operating performance despite the challenging market conditions [2][5]. Financial Performance - In the first three quarters of 2025, Hualing Steel reported revenue of approximately 95 billion yuan, a year-on-year decrease of about 15%, while net profit attributable to shareholders exceeded 2.5 billion yuan, marking a year-on-year increase of approximately 42% [2][4]. - The net profit for the third quarter was 762 million yuan, reflecting a year-on-year growth of about 73% but a quarter-on-quarter decline of 35.8% [2][4]. - The company’s revenue for the first three quarters was 302.3 billion yuan, 328.63 billion yuan, and 319.56 billion yuan for Q1, Q2, and Q3 respectively, with year-on-year declines of 18.4%, 15.52%, and 10.53% [4]. Market Conditions - The steel industry has been in a "winter" since 2022, with many companies facing overall losses, while Hualing Steel has managed to avoid losses and maintain profitability [2][8]. - The decline in net profit in Q3 was attributed to rising prices of raw materials such as iron ore and coking coal, coupled with weak downstream demand and steel prices [2][5]. Strategic Initiatives - Hualing Steel is accelerating its transformation towards "high-end, green, intelligent, and service-oriented" production, focusing on R&D and achieving breakthroughs in key technologies [2][10]. - The company has invested nearly 4.2 billion yuan in R&D in the first three quarters of 2025, with significant achievements in patent authorizations and awards [3][11]. Competitive Positioning - Hualing Steel's ability to maintain profitability amidst market fluctuations is attributed to its strategic focus on high-end manufacturing and differentiated product offerings [10][11]. - The company operates five specialized production bases and has a comprehensive range of steel products, allowing for flexible production adjustments based on market demands [10].