Core Viewpoint - Taiyuan Iron & Steel (Group) Co., Ltd. announced a significant related party transaction involving the supply of raw materials from its controlling shareholder, Tai Steel Group, which is expected to amount to approximately RMB 9.2 billion in 2026, exceeding 5% of the company's latest audited net assets [1] Group 1 - The company will hold its 38th meeting of the 9th Board of Directors on December 3, 2025, to review the proposal regarding the supply agreement with Tai Steel Group [1] - The agreement will cover the supply of essential raw materials such as concentrate powder and pellets necessary for production [1] - The anticipated related party transaction amount is approximately RMB 9.2 billion, which is significant in relation to the company's financials [1]

Performance Forecast - The company expects a net loss attributable to shareholders of between 25 million and 30 million yuan, compared to a loss of 22.34 million yuan in the same period last year [1] - The net profit after deducting non-recurring gains and losses is projected to be between 30 million and 35 million yuan, compared to a loss of 27.35 million yuan in the previous year [1] - Basic earnings per share are estimated to be between -0.0407 yuan and -0.0488 yuan, compared to -0.0364 yuan per share last year [1] Reasons for Performance Changes - Sales revenue increased year-on-year, driven by the successful launch of the Le You series and Xiang Liang You series, which showed excellent performance in yield and disease resistance, leading to higher average prices [1] - Corn seed sales revenue declined due to oversupply in the domestic corn seed market, increased inventory pressure, and intensified market competition [1] - The market performance of the transgenic variety Tie 391K was below expectations, resulting in increased return volumes [1] - The company reduced sales of low-margin products and decreased production of raw materials and intermediates to improve safety and environmental standards, impacting sales revenue [1] - Overall market conditions for raw materials declined, leading to price decreases for some products year-on-year [1] - Increased depreciation from construction projects being put into use and higher environmental expenditures also contributed to the performance changes [1]