Shanghai Ganglian(SZ:300226)2022-12-15 12:26Group 1: Company Overview - Shanghai Steel Union was established in 2000 and listed on the Growth Enterprise Market in 2011, primarily engaged in industrial data services and steel trading services [2]. - The company operates two main business segments: industrial data services and steel trading services [2][3]. Group 2: Industrial Data Services - The industrial data services segment generated revenue of 502 million yuan in the first three quarters, a year-on-year increase of 12.16%, with Q3 revenue reaching 200 million yuan, up 32.98% quarter-on-quarter and 30.93% year-on-year [3]. - The services offered include data subscription, business promotion, conference training, and research consulting [3][4]. - The company has developed a multi-dimensional data system centered around commodity prices, expanding from black metals to non-ferrous metals, energy chemicals, agricultural products, and new materials [3][4]. Group 3: Steel Trading Services - The steel trading service, operated through the subsidiary Steel Silver E-commerce, reported a settlement volume of 3,974.78 million tons in the first three quarters, a year-on-year increase of 19.03%, with an expected annual volume of 5 million tons [3][5]. - The current penetration rate of steel trading is low, with an estimated 10 billion tons of steel produced in China, of which 50% is direct sales [5]. Group 4: Financial Performance and Strategy - The company’s profit has seen a decline due to increased personnel costs in the industrial data services segment and adjustments in the trading services segment to enhance cash flow [3][4]. - The strategic focus is on rapid expansion of industrial data services while ensuring steady growth in steel trading services [3]. Group 5: Data Management and Future Outlook - The company utilizes private cloud storage for data and is considering building its own data center as data volume increases [4]. - The establishment of a data exchange market is expected to enhance the company's business scope and client base, facilitating digital transformation for enterprises [5][6].