Core Viewpoint - The stock price of Maanshan Iron & Steel Co., Ltd. has shown a fluctuating trend over the past week, with a range of -0.98% and a volatility of 3.93% [1] Company Summary - The latest stock price is 4.03 yuan, with a daily increase of 0.75%, underperforming the steel sector but slightly outperforming the broader market [1] - Institutional views on Maanshan Iron & Steel's medium to long-term fundamentals are moderately optimistic, with expectations of a turnaround in net profit by 2025 and a projected year-on-year growth rate of 1244.93% in 2026, driven by supply-side adjustments and demand improvements [2] - The current comprehensive target price set by institutions is 3.93 yuan, indicating limited upside potential from the latest price, and the fund holding ratio is only 0.11% [2] Industry Summary - Recent policies in the steel industry have released positive signals, with the National Development and Reform Commission indicating plans to formulate a strategy for expanding domestic demand from 2026 to 2030, which may boost steel demand in the medium to long term [3] - Industry data shows a 5.6% month-on-month increase in social steel inventory and a 5.1% decrease in apparent consumption, indicating ongoing short-term supply and demand pressures [3] - Steel pipe companies are expected to benefit from energy investments despite the current supply-demand challenges [3]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 馬鞍山鋼鐵股份有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600808 | 說明 | A股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,967,751,186 | RMB | | 1 | RMB | | 5,967,751,186 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 5,967,751,186 | RMB | | | 1 RMB | | 5,967,751,186 | | 2 ...

HKE 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 狀態: 新提交 截至月份: 2026年1月31日 致:香港交易及結算所有限公司 馬鞍山鋼鐵股份有限公司 公司名稱: 呈交日期: 2026年2月3日 l. 法定/註冊股本變動 □ 不適用 客 1. 股份分類 普通股 股份類別 A 於香港聯交所上市 (註1) + A股 證券代號 (如上市) 600808 說明 增加多櫃檯證券代號 法定/註冊股份數目 面值 法定/註冊股本 □ 手動填寫 5,967,751,186|RMB 1 RMB 5,967,751,186 上月底結存 增加 / 減少 (-) RMB 0 0 本月底結存 5,967,751,186 RMB 1 RMB 5,967,751,186 是 2. 股份分類 普通股 股份類別 H 於香港聯交所上市 (註1) H股 證券代號 (如上市) 00323 說明 增加多櫃檯證券代號 □ 手動填寫 法定/註冊股份數目 面值 法定/註冊股本 1,732,930,000 RMB 1 RMB 1,732,930,000 上月底結存 RMB 增加 / 減少 (-) 0 本月底結存 1,73 ...

花旗发布研报称，予马鞍山钢铁股份(00323)"买入"评级，目标价2.8港元。马鞍山钢铁股份预计去年初 步净亏损为1.9亿至2.5亿元人民币(下同)，优于该行预期的约5.35亿元水平。按此推算，马钢去年第四季 净亏损中位数约为3.04亿元，主要受并购宝钢后的资产减值影响，同时联营公司业绩亦带来负面拖累。 该行预期，尽管去年第四季对钢铁行业而言仍是艰难时期，但马钢与宝钢的协同效应将持续释放(包括 售管理费用优化及管理整合等方面)，估计马钢的核心业务仍可维持盈利。 ...

Group 1 - The core viewpoint of the article is that Citigroup has issued a "buy" rating for Maanshan Iron & Steel Co., Ltd. (00323) with a target price of HKD 2.8 [1] - Maanshan Iron & Steel is expected to report a preliminary net loss of RMB 190 million to RMB 250 million for the previous year, which is better than Citigroup's expectation of approximately RMB 535 million [1] - The estimated median net loss for Maanshan in the fourth quarter is around RMB 304 million, primarily impacted by asset impairment following the acquisition of Baosteel, along with negative contributions from joint ventures [1] Group 2 - Despite the challenging conditions in the steel industry during the fourth quarter, the synergy effects from the merger with Baosteel are expected to continue to be realized, including optimization of management costs and management integration [1] - It is estimated that Maanshan's core business can still maintain profitability [1]

Group 1 - The core point of the article is that Maanshan Iron & Steel Company (600808.SH) clarified that its steel products do not include stainless steel products [1]

格隆汇1月30日丨马钢股份(600808.SH)在投资者互动平台表示，公司紧固件用冷镦钢产品暂无航天飞船 方面的订单。 ...

每经AI快讯，港股钢铁股跌幅居前。截至发稿，中国罕王(03788.HK)跌10%，报4.32港元；鞍钢股份 (00347.HK)跌5.58%，报2.03港元；重庆钢铁股份(01053.HK)跌4.55%，报1.26港元；马鞍山钢铁股份 (00323.HK)跌4.24%，报2.71港元。 （文章来源：每日经济新闻） ...

Group 1 - Steel stocks experienced significant declines, with China Hanking (03788) down 10% to HKD 4.32, Ansteel (00347) down 5.58% to HKD 2.03, Chongqing Steel (01053) down 4.55% to HKD 1.26, and Maanshan Steel (00323) down 4.24% to HKD 2.71 [1] - The National Bureau of Statistics reported that China's crude steel production is expected to reach 960 million tons in 2025, a year-on-year decrease of 4.4%, marking the first time in six years that production falls below 1 billion tons [1] - The market anticipates that the apparent consumption of crude steel in 2025 will be 826 million tons (excluding steel billets), representing a year-on-year decline of 7.1%, indicating persistent supply-demand imbalances [1] Group 2 - According to Guotai Junan Securities, the demand for steel from the real estate sector is expected to continue its downward trend, but the negative impact of real estate on steel demand has significantly weakened [1] - Steel demand from infrastructure and manufacturing sectors is projected to grow steadily [1] - Approximately 60% of steel companies are currently operating at a loss, and market-driven supply adjustments have begun to emerge, with expectations for supply-side contraction to continue, leading to gradual recovery in the steel fundamentals [1]

花旗发表研报指，马鞍山钢铁股份预计去年初步净亏损为1.9亿至2.5亿元，优于该行预期的约5.35亿元 水平。按此推算，马钢去年第四季净亏损中位数约为3.04亿元，主要受并购宝钢后的资产减值影响，同 时联营公司业绩亦带来负面拖累。该行预期，尽管去年第四季对钢铁行业而言仍是艰难时期，但马钢与 宝钢的协同效应将持续释放(包括售管理费用优化及管理整合等方面)，估计马钢的核心业务仍可维持盈 利。该行予其"买入"评级，目标价为2.8港元。 ...