Baoshan Iron & Steel invests in a subsidiary of Maanshan Iron & Steel, accelerating the integration of Steel assets | Quick-read announcement.

① Baoshan Iron & Steel plans to invest 9 billion yuan in Maanshan Iron & Steel's most heavily loss-making subsidiary, Maanshan Limited. ② Baoshan Iron & Steel states that the investment aligns with the company's Global Strategy, enabling the full utilization of its competitive advantages in the professional Sector, effectively enhancing the competitiveness of both parties, achieving synergistic development and benefit sharing, and further boosting regional market influence and competitiveness.

cls.cnApr 17 23:11

Zijin Mining Group: In the first quarter of 2025, performance surged by 63%, with strong gold and copper production driving a profit explosion.

Zijin Mining Group's performance in the first quarter of 2025 surged by 63%, with strong growth in gold and copper production driving profit growth. Core highlights include bright financial performance: revenue reached 78.928 billion yuan, a year-on-year increase of 5.55%, with the net income attributable to shareholders increasing by 62.39% to 10.167 billion yuan. The mining company's gross margin stood at 59.94%. Production significantly improved: gold output rose by 13% year-on-year, and copper output increased by 9%, with major mines continuously releasing capacity. Profitability saw a substantial boost: rising metal prices combined with increased capacity pushed total profit up by 66.37% year-on-year and 32% quarter-on-quarter. Cash flow was abundant: cash from operating activities.

wallstreetcnApr 11 20:44

Brokerage morning meeting highlights: Listed companies significantly Increase Stake & Buy Back, demonstrating determination and strength.

In today's brokerage morning meeting, Founder Securities believes that listed companies are significantly increasing their Increase Stake & Buy Back measures to demonstrate resolve and strength; China International Capital Corporation suggested that the Federal Reserve is not expected to cut interest rates in the short term, with a potential restart of rate cuts possibly in the third quarter; HTSC believes that the Real Estate property management Sector has both improvement potential and dividend value.

cls.cnApr 11 08:14

Wuzhou Special Paper Group and Shandong Sun Paper had strong performances at the beginning of last year but declined later. The drop in raw material prices may drag down this year's papermaking market | Interpretations

① Due to the decline in paper prices last year, the annual profits of the two paper companies started high but ended low; ② Wuzhou Special Paper's performance was slightly below institutional expectations, while Shandong Sun Paper met expectations; ③ In Q1 of this year, the papermaking gross profit showed slight recovery, but in Q2, the decline in raw material prices may drive down market conditions.

cls.cnApr 10 21:44

China Petroleum & Chemical Corporation and Saudi Aramco are advancing the expansion of the Yanbu refinery to enhance the production capacity of high-end petrochemical products.

① China Petroleum & Chemical Corporation signed an agreement with Saudi Aramco to expand the Yanbu refinery, constructing a new 1.8 million tons/year ethylene plant, a 1.5 million tons/year aromatics unit, and supporting downstream polyolefin facilities; ② The Yanbu refinery is a joint venture between China Petroleum & Chemical Corporation and Saudi Aramco, which started production in 2016, processing 0.43 million barrels of Saudi heavy crude oil per day; ③ The expansion will enhance the production capacity of high-end petrochemical products, maximize the integrated refining and chemical synergy effect, and deepen China-Saudi energy cooperation.

cls.cnApr 10 19:25

In the first quarter, there have been continuous "good news"! 51 listed companies in the Shanghai market are expected to perform well, with over 40% of them doubling their Net income.

① Recently, A-share listed companies have been continuously reporting good news. So far, 54 listed companies in the Shanghai market have disclosed their performance forecasts for the first quarter of 2025, with 51 companies expecting good results, a rate of over 94%; ② Among these companies with expected good performance, over 40% are projected to double their Net income year-on-year in the first quarter. Relevant listed companies in industries such as Electronics, CSI SWS Health Care index, Machinery, Chemical, and Nonferrous Metals have shown a strong performance growth trend.

cls.cnApr 9 16:37