1.5:1! New steel capacity replacement rules take effect, raising replacement standards and encouraging mergers and reorganizations

① The policy clearly stipulates a uniform national capacity replacement ratio for ironmaking and steelmaking of no less than 1.5:1, replacing the previous regionally differentiated regulatory approach. For projects involving substantive mergers and acquisitions, the replacement ratio is relaxed to no less than 1.25:1, offering policy incentives to encourage industry consolidation. ② After a two-year transition period, simple capacity replacement will be abolished; any transfer of capacity must be achieved exclusively through substantive mergers and acquisitions involving actual control, equity restructuring, or legal entity adjustments.

cls.cnMay 19 22:43

CITIC Limited (00267): The 'Zhongte Convertible Bond' will suspend share conversion starting from May 13.

CITIC Limited (00267) announced that, starting from May 13, 2026, until the record date for the equity distribution of the company's rights issue, its convertible corporate bonds (Bond Abbreviation: Zhongtezhuan Bond, Bond Code: 127056) will be suspended from conversion. Conversion will resume on the first trading day after the record date for this equity distribution.

Zhitong FinanceMay 11 19:03

CITIC Special Steel (000708) Q1 2026 Earnings Report Commentary: Premium Products Gain Momentum as International Strategy Materializes

Report Summary: The company achieved stable year-on-year growth in Q1 2026. Its high-end products continued to gain traction, driving overall profitability upward. The company's internationalization strategy has started to take effect, and significant growth potential is expected in the future. Investment highlights: Maintain 'Buy' rating.

Guotai Haitong SecuritiesApr 28 00:00

CITIC Special Steel (000708): Improved gross margin and steady cost control bolster profitability

In the first quarter of 2026, the company achieved operating revenue of 26.494 billion yuan (yoy -1.29%), net profit attributable to shareholders of 1.511 billion yuan (yoy +9.23%), and non-recurring net profit attributable to shareholders of 1.497 billion yuan.

Huatai SecuritiesApr 23 18:52

Citic Special Steel: First Quarter Report for 2026

SZSIApr 23 00:00 · Announcements

CITIC Limited (00267): CITIC Special Steel (000708.SZ) reported a net profit attributable to shareholders of 1.511 billion yuan in the first quarter, representing a year-on-year increase of 9.23%.

CITIC Limited (00267) released the first quarter report of CITIC Special Steel (000708.SZ) for 2026. The company achieved operating revenue of 26.494 billion yuan, a year-on-year decrease of 1.29%; net profit attributable to shareholders of the listed company amounted to 1.511 billion yuan, a year-on-year increase of 9.23%; basic earnings per share were 0.299 yuan.

Zhitong FinanceApr 22 17:31