新华财经上海10月10日电（记者陈云富）作为"找字辈"产业互联网鼻祖， 创业13年，尽管钢贸行业几 经风雨，找钢集团始终瞄准行业的效率痛点，从自营到提供平台，逐渐形成了一套独有的产业互联网发 展范式。今年3月，找钢集团登陆港交所主板上市，一度引发不少产业互联网人的回忆。 "找钢集团现在是一家轻资产运营的公司。"找钢集团创始人、董事长兼CEO王东日前接受记者采访时表 示，利用人工智能（AI）大幅提高效率，现有服务能力从钢铁扩展到非钢品种，以及服务国内企业走 出去，将成为未来找钢集团的三大引擎。 深耕B2B服务 找钢集团的发展历程可谓国内企业服务"触网"的一个缩影。"我们一开始叫找钢网的原因，就是免费帮 客户找货。"王东介绍，不同于个人采购，企业采购主要包括两类物资，一类是经营性物资，如钢材、 木材、玻璃等产品，其特点是价格变动频繁，且不同商家的报价也有差异，一类是办公用品等耗材，这 类商品的价格通常变化不大，通过消费互联网就能满足企业的需求。 围绕企业的钢材采购需求，找钢集团在成立以来就持续化解其在不同环节上的痛点。"找钢网一开始是 提供售前的服务。"王东介绍，以上海为例，上海区域销售的钢材品牌有上百个，每一个 ...

Core Insights - The company has achieved significant growth in revenue and international business, driven by a four-dimensional strategy focusing on domestic stability, internationalization, AI integration, and diversification [2][6]. Financial Performance - In the first half of the year, the company reported revenue of 797 million yuan, a year-on-year increase of 12.2% [2]. - The international business generated 340 million yuan in revenue, reflecting a year-on-year growth of 38.9%, with transaction volume increasing by 58.0% and gross profit rising by 90.5% [6]. AI Integration - The company has invested over 1 billion yuan in R&D, with approximately 50% of this investment directed towards AI-related projects [4]. - AI technology is primarily applied to enhance trading efficiency and support cross-product transactions, leveraging a substantial dataset accumulated over years [3][4]. International Expansion - The company has shifted its strategy from "product export" to "capability output," aiming to replicate its domestic supply chain services in international markets [6][7]. - The company has established subsidiaries in several countries, including the UAE, Saudi Arabia, Thailand, Malaysia, and Indonesia, to support its international business growth [6][7]. Future Outlook - The company plans to develop a general AI platform for the B2B sector, capitalizing on its extensive transaction volume of nearly 200 billion yuan [5]. - The company aims to become the largest steel supplier in countries involved in the Belt and Road Initiative within three years, with a goal of creating a second "Zhaogang Network" overseas [7][8].

Core Viewpoint - The company has achieved significant progress in various business areas, driven by its strategy focusing on stable domestic growth, globalization, diversification, and comprehensive AI integration [1] Group 1: Financial Performance - In the first half of 2025, the company reported revenue of 797 million, a year-on-year increase of 12.2% [2] - The steel trading volume reached 638 billion, with a total tonnage exceeding 19.1 million tons, showing a 15.2% increase compared to Q4 of the previous year and a 54.8% increase from Q1 [2] - The service commission for small and medium-sized enterprises increased by 27.5% year-on-year [2] Group 2: International Business Growth - The international business revenue reached 340 million, a year-on-year increase of 38.9%, with trading tonnage up by 58.0% and gross profit up by 90.5% [4] - The company is involved in major infrastructure projects in Southeast Asia, addressing supply chain challenges for Chinese enterprises [4] - In Southeast Asia, the trading volume reached approximately 45,000 tons, with a 441% increase compared to the second half of 2024 [4] Group 3: Non-Steel Business Performance - Non-steel trading volume reached 210 million, a year-on-year increase of 23.0%, with the electrical and electronic business growing by 108.9% [7] - The company launched a new e-commerce platform for non-ferrous metals, achieving over 25 million in trial trading volume [7] - AI commercialization has progressed, with the company signing new AI product sales contracts worth 323,000 [7] Group 4: Financial Services and Product Expansion - The company has resumed its financial technology business, serving 23 clients with an approved credit limit of approximately 4 billion [10] - A new marketplace for steel pipes and profiles has been launched, integrating over 400 suppliers to enhance trading services [10] - The company aims to leverage AI systems to optimize the entire trading process [10] Group 5: Future Outlook - The company is on track to become the largest AI industrial internet platform globally, driven by rapid growth in new business areas and international expansion [12]

Core Viewpoint - The company, Zhaogang Group, reported a strong performance in the first half of 2025, with significant growth in both revenue and international business, driven by strategic initiatives in AI and diversification of services [1][2][3][4][5][8][9] Group 1: Financial Performance - In the first half of 2025, Zhaogang Group achieved a revenue of 797 million yuan, representing a year-on-year increase of 12.2% [1] - The platform's steel trading volume reached 638 billion yuan, with a total trading tonnage exceeding 19.1 million tons, showing a quarter-on-quarter increase of 54.8% from the first quarter [2] - The international business revenue grew by 38.9% to 34 million yuan, with trading tonnage increasing by 58.0% and gross profit rising by 90.5% [3] Group 2: Strategic Initiatives - The company is focusing on a strategy of stable domestic growth, globalization, diversification, and full AI integration, leading to breakthroughs in multiple business areas [2] - Zhaogang Group is actively expanding its international presence, with subsidiaries established in several countries, including the UAE and Malaysia, to capitalize on infrastructure demands [3] - The company is exploring the application of stablecoins and RWA in overseas markets to enhance transparency and reduce credit costs in commodity trading [3] Group 3: Non-Steel Business Expansion - Non-steel business transactions reached 21 million yuan, marking a year-on-year growth of 23.0%, with the electrical and electronic sector seeing a remarkable increase of 108.9% [4] - The company has launched a non-ferrous metal e-commerce platform in collaboration with Trafigura, achieving a trial transaction volume of over 25 million yuan [5] Group 4: AI and Technology Integration - Zhaogang Group's AI strategy has led to significant operational efficiency improvements, with a reduction in operating expenses by 0.3% year-on-year [5] - The company has developed various AI-driven tools, including a trading assistant and logistics tracking app, contributing to a total data asset valuation of 2.3 million yuan [5] Group 5: Financial Services and Product Diversification - The company has resumed its financial technology business by partnering with Chongqing Fumin Bank, serving 23 clients with an approved credit limit of approximately 4 billion yuan [8] - Zhaogang Group is set to launch a new marketplace focusing on small steel varieties, integrating resources from over 400 leading steel mills and traders [8]

Core Insights - The company, Zhaogang Group, reported a robust performance in the first half of 2025, achieving a revenue of 797 million yuan, a year-on-year increase of 12.2% [2] - The company is focusing on a strategic framework that includes domestic stability, globalization, diversification, and comprehensive AI integration [1] Domestic Performance - In the first half of 2025, Zhaogang Group's steel trading volume reached 638 billion yuan, with a total transaction tonnage exceeding 19.1 million tons [2] - The platform has registered over 16,000 suppliers and 189,000 customers, covering more than 650,000 SKUs [2] - The service commission for small and medium-sized enterprises increased by 27.5% year-on-year [2] International Expansion - The international business revenue reached 340 million yuan, marking a year-on-year growth of 38.9%, with transaction tonnage increasing by 58.0% [4] - The company is actively involved in major infrastructure projects in Southeast Asia, such as the China-Thailand high-speed railway and the Malaysia logistics center, addressing supply chain challenges for Chinese enterprises [4] - A processing plant in Dubai is set to be operational by the end of the year, with an annual production capacity of 400,000 tons [5] Non-Steel Business Growth - Non-steel sector transactions amounted to 210 million yuan, reflecting a year-on-year increase of 23.0%, with the electrical and electronics segment growing by 108.9% [7] - The company has launched a new e-commerce platform for non-ferrous metals in collaboration with Trafigura, achieving a trial transaction volume exceeding 25 million yuan [7] AI Integration and Efficiency - The company has made significant strides in AI commercialization, with a new AI model registered and sales contracts worth 323,000 yuan signed during the reporting period [7] - The operational efficiency improved, with operating expenses decreasing by 0.3% compared to the previous year [7] Financial Services and Product Expansion - Zhaogang Group has resumed its financial technology services, partnering with Chongqing Fumin Bank and serving 23 clients with a total approved credit of approximately 4 billion yuan [9] - The company is set to launch a new trading platform focusing on small varieties of steel products, integrating resources from over 400 leading steel mills and traders [9] Future Outlook - The company aims to become the world's largest AI industrial internet platform, driven by rapid growth in new business areas, international expansion, and AI commercialization [11]

Core Viewpoint - The company is progressing towards becoming the largest AI industrial internet platform globally, with significant growth in both domestic and international operations [2][3]. Financial Performance - In the first half of 2025, the company achieved a revenue of 797 million yuan, representing a year-on-year increase of 12.2% [4]. - The steel trading volume reached 63.8 billion yuan, with a total trading tonnage exceeding 19.1 million tons. The trading volume in Q2 2025 increased by 15.2% compared to Q4 2024 and by 54.8% compared to Q1 2025, indicating a strengthening trend in trading activities [6]. International Business Growth - The company's international business revenue reached 340 million yuan in the first half of 2025, with a year-on-year growth of 38.9%. The trading tonnage increased by 58.0%, and gross profit saw a significant rise of 90.5%, with per-ton gross profit growing by 20.6% [9]. - In Southeast Asia, the company participated in major infrastructure projects, enhancing the efficiency of Chinese enterprises' overseas operations. The trading volume in Southeast Asia reached approximately 45,000 tons, with a quarter-on-quarter increase of 441% [10]. Non-Steel Business Expansion - The non-steel sector also showed strong performance, with a trading volume of 21 million yuan, up 23.0% year-on-year. The electrical and electronic business alone saw a trading volume of 19 million yuan, a remarkable increase of 108.9% [11]. - The company has established a partnership with Tock Group to create a non-ferrous metal e-commerce platform, achieving a trial trading volume of over 25 million yuan [14]. AI Commercialization and Efficiency - The company has made breakthroughs in AI commercialization, with the AI industrial model being registered with the National Cyberspace Administration. During the reporting period, new AI product sales contracts amounted to 323,000 yuan [14]. - The implementation of AI has significantly improved operational efficiency, with operating expense ratios decreasing by 0.3% compared to the same period in 2024 [16]. Future Outlook - The company plans to launch a new marketplace focusing on small varieties of steel products, integrating resources from over 400 leading steel mills and traders, and leveraging AI for the entire trading process [16]. - With rapid growth in new businesses, international expansion, and further acceleration of AI commercialization, the company aims to solidify its position as a leading AI industrial internet platform [16].

Core Viewpoint - The cryptocurrency market is experiencing significant volatility, with Bitcoin (BTC) hovering around $113,000 and Ethereum (ETH) around $4,200, influenced by Federal Reserve policy expectations and technical trading levels [1][2][8]. Market Dynamics - As of August 20, Bitcoin was priced at $113,621, with a daily decline of 2.3%, and the fear and greed index dropped to 44, indicating a state of fear [2]. - The focus is on the $117,000 short liquidation zone, which, if breached, could trigger a chain reaction of liquidations pushing prices above $120,000. Conversely, if BTC falls below $112,000, support may shift to $97,000 [2]. - For Ethereum, the $4,300-$4,360 range is seen as a critical battleground, with a potential surge to $4,750-$8,000 if this level is broken [4]. XBIT Exchange Innovations - XBIT decentralized exchange (DEX) is gaining traction as a solution for extreme market conditions, utilizing a unique architecture that combines on-chain order books with privacy trading, allowing users to trade without centralization risks [5][11]. - The platform operates without KYC, offering decentralized custody where users maintain control of their private keys, thus mitigating risks associated with centralized exchanges [5]. - XBIT's dynamic liquidity pool feature allows users to automatically adjust positions based on market fluctuations, helping to alleviate liquidity issues during extreme market conditions [6]. Macro Environment - The Jackson Hole global central bank meeting is a focal point, with traders anticipating a 50 basis point rate cut by the Federal Reserve in September. However, concerns arise that the safe-haven attributes of five-year U.S. Treasuries may divert funds from the crypto market [8]. - Recent data shows a net outflow of $523 million from Bitcoin ETFs, while Ethereum ETFs saw an inflow of $422 million, indicating institutional confidence in smart contract platforms [8]. Future Outlook - XBIT is positioned to lead in the DeFi 2.0 era with features like cross-chain instant swaps, enabling users to convert assets in three seconds, addressing fragmentation in multi-chain ecosystems [9]. - The upcoming AI trading assistant will leverage machine learning to analyze market sentiment and provide real-time trading suggestions for retail investors [9]. - XBIT's daily trading volume has surpassed $2 billion, reflecting a 150% increase from the previous month, driven by its decentralized architecture and technological innovations [11].

Market Overview - The cryptocurrency market is experiencing volatility, with Bitcoin (BTC) hovering around $113,000 and Ethereum (ETH) around $4,200, influenced by Federal Reserve policy expectations and key technical levels [1][2] - The fear and greed index has dropped to 44, indicating a state of fear in the market [2] Bitcoin Analysis - Bitcoin's price has seen a daily decline of 2.3%, with a critical short liquidation zone at $117,000; a breakthrough could trigger a chain reaction pushing prices above $120,000 [2] - Conservative traders warn that if BTC falls below $112,000, support may shift to $97,000, with the 100-day moving average at approximately $110,950 being a key defense level [2] Ethereum Analysis - The $4,300-$4,360 range is viewed as a pivotal point for Ethereum, with a potential surge to $4,750-$8,000 if this level is breached [4] - Short-term resistance exists at the $4,100-$4,150 CME gap, which may limit upward momentum [4] XBIT Exchange Features - XBIT decentralized exchange (DEX) offers a secure trading environment through its unique architecture, utilizing zero-knowledge proof (ZKP) technology for on-chain order books and privacy trading [5] - The platform does not require KYC, has no restrictions, and allows users to maintain control of their private keys, mitigating risks associated with centralized exchanges [5] - XBIT's smart contracts automate trades, ensuring users retain control of their assets and avoiding risks of centralized exchange failures [5] Dynamic Liquidity Pool - XBIT has introduced a "dynamic liquidity pool" feature that allows users to adjust positions based on market fluctuations, addressing liquidity issues during extreme market conditions [6] - The platform's smart algorithms can trigger stop-loss orders automatically when Bitcoin drops below $112,000, helping users avoid emotional trading losses [6] Macro Environment - The Jackson Hole global central bank meeting is a focal point, with traders anticipating a 50 basis point rate cut by the Federal Reserve in September [8] - Despite a net outflow of $523 million from Bitcoin ETFs, Ethereum ETFs saw an inflow of $422 million, indicating institutional confidence in smart contract platforms [8] XBIT's Market Position - XBIT has launched a tokenization service for U.S. Treasury bonds, facilitating direct trading of U.S. government debt on its platform, bridging traditional finance and the crypto world [8] - The trading volume for U.S. Treasury bonds on XBIT has surpassed $1 billion, positioning it as a new tool for institutional investors to hedge risks [8] Future Developments - XBIT is set to introduce a "cross-chain swap" feature, enabling users to convert assets across chains in three seconds, addressing fragmentation in multi-chain ecosystems [9] - An upcoming "AI trading assistant" will analyze market sentiment using machine learning to provide real-time trading suggestions for retail investors [9] Performance Metrics - XBIT's daily trading volume has exceeded $2 billion, reflecting a 150% increase from the previous month, driven by its decentralized architecture and technological innovations [11] - The platform is seen as a valuable tool for investors navigating extreme market conditions, with analysts suggesting that current market corrections are healthy adjustments rather than trend reversals [11]

（於開曼群島註冊成立以不同投票權控制的有限公司，以ZGW之名稱於香港進行業務） （股份代號：6676） （權證代號：2572） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。 ZG Group 找鋼產業互聯集團 自願公告 本公告由找鋼產業互聯集團（「本公司」，連同其附屬公司統稱「本集團」）董事會 （「董事會」）自願作出。 本集團的產業AI大語言模型通過國家網信辦深度合成算法備案批准 董事會欣然宣佈，根據國家網信辦（「國家網信辦」）於2025年5月19日披露，本集 團的產業AI大語言模型已正式通過國家網信辦第十一批深度合成服務算法備案批 准（「備案批准」）。該里程碑標誌著本集團在產業互聯網領域（特別是鋼鐵貿易行 業）推動AI應用取得了重大成就。 本集團的產業AI大語言模型是本集團通過在行業深耕十餘年沉澱的包括商品、報 價、物流、付款、庫存、客戶等百萬級對話樣本和結構化交易資料為基礎，結合 ...

Core Viewpoint - The global climate crisis is intensifying, with the World Meteorological Organization reporting a 1.4℃ increase in average global temperatures since pre-industrial times. As a response, 151 countries have set carbon neutrality targets, with China aiming for peak carbon emissions by 2030 and carbon neutrality by 2060. Companies are increasingly integrating carbon neutrality and ESG (Environmental, Social, and Governance) principles into their strategic planning, as exemplified by Zhaogang Group's first ESG report, which highlights its commitment to sustainability and carbon reduction efforts [1][8]. Group 1: Carbon Neutrality Efforts - Zhaogang Group has implemented measures to enhance operational efficiency in the steel industry, significantly reducing carbon emissions. For instance, the company has decreased the average number of logistics cycles from 5 to 2, resulting in over a 50% reduction in carbon emissions during steel circulation [1]. - The logistics platform, Pangmao Logistics, has reduced average waiting time for goods from 24 hours to 15 hours, improving vehicle utilization by 12% and cutting carbon emissions by nearly 8% [2][13]. - Zhaogang Group promotes the recycling of construction waste steel, which can replace approximately 6 million tons of raw materials annually, indirectly reducing carbon emissions by about 600,000 tons [7]. Group 2: Digital Transformation in Steel Trading - The traditional steel trading model faces challenges such as inefficient information flow, high transaction costs, and low logistics efficiency. Zhaogang Group aims to address these issues through a digital platform that connects key participants in the steel trading industry, streamlining information, logistics, and financial flows [9][10][12]. - The digital trading platform has shortened the steel trading process from an average of 5-7 days to 2-3 days, significantly enhancing transaction efficiency and reducing labor input [12]. - Zhaogang Group has developed a proprietary digital logistics platform, Pangmao Logistics, which integrates transportation resources and improves order dispatch efficiency, thereby contributing to carbon reduction [13]. Group 3: Employee Engagement and Corporate Responsibility - Zhaogang Group emphasizes employee growth and satisfaction as part of its corporate governance and social responsibility. The company provides comprehensive employee benefits, including health and safety measures, training programs, and various employee engagement activities [14][15][18]. - The founder of Zhaogang Group highlights the importance of nurturing talent and creating a supportive work environment, which is integral to the company's operational philosophy [14][18]. Group 4: Expansion and Future Prospects - Zhaogang Group has established itself as the largest digital platform for steel trading in China, with a trading volume of 514.18 million tons and a total transaction value of 188 billion yuan in 2024 [18][22]. - The company is exploring the application of new technologies such as AI and cloud computing in the steel industry, enhancing trading efficiency and expanding its service offerings to other sectors [24][25]. - Zhaogang Group's commitment to a "beneficial to others" approach has led to successful collaborations and the expansion of its business model into other product categories, further promoting efficiency and sustainability [22][25][27].