Core Viewpoint - Ansteel Corporation (00347.HK) reported a decline in revenue and a net loss for the first three quarters of 2025, while making progress in market expansion and high-end product development [1] Financial Performance - Revenue for the first three quarters of 2025 was 73.092 billion RMB, a year-on-year decrease of 7.78% [1] - The company recorded a net loss attributable to shareholders of 2.04 billion RMB [1] - Basic earnings per share were -0.218 RMB [1] Market Development - The company has made new advancements in market expansion, with a focus on high-end product development [1] - The proportion of high-end products increased by 2.29 percentage points compared to targets [1] - The company achieved full specification supply capability for high-strength container steel [1] Product Performance - Ansteel's hot-rolled battery shell steel has entered the battery shell industry for the first time [1] - Sales of new energy vehicle silicon steel, oriented silicon steel 0.23 series, and automotive steel have significantly increased [1] International Expansion - The company actively expanded into overseas markets, successfully exporting 60-meter long standard steel rails [1] Customer Service Improvement - The customer service system has been optimized, leading to a continuous improvement in service levels [1] - The execution rate of full lifecycle contracts increased by 4.5 percentage points year-on-year [1]