Ouye Chain Capital will be merged into China Zihuan Group

According to an official announcement from China Baowu's Maanshan Iron & Steel Group, on a certain date, a delegation led by Zhu Jianchun, Deputy Secretary of the Party Committee, Director, and General Manager of China Resources Recycling Group (hereinafter referred to as China Resources Recycling Group), visited Maanshan Iron & Steel. Jiang Yuxiang, Secretary of the Party Committee, Chairman of the Board of Directors of Maanshan Iron & Steel Group, and Maanshan Iron & Steel Co., Ltd., held discussions with Zhu Jianchun and his team on jointly building a more competitive supply chain relationship after the integration of Ouye Lianjin into China Resources Recycling Group.

After briefly introducing the main business composition and development positioning of China Zihuan Group, Zhu Jianchun stated that as a strategic emerging industry, the group has significant potential for cooperation with Magang in the future. The next step will be to ensure supply services for production and operation within the Maanshan region of Anhui, working together to achieve high-quality development.

Wang Weidong, Member of the Standing Committee of the Party Committee and Chief Accountant of China ZiHuan Group, and Yan Gequn, Deputy General Manager, as well as Fu Ming, Member of the Standing Committee of the Party Committee of Magang Group, and Cheng Ding, Assistant to the General Manager, along with relevant heads of both parties, attended the meeting.

Shagang Investment's subsidiary Jinsha Capital collaborates with Hefei to accelerate the "takeoff" of the commercial aerospace industry.

On a certain date, a special event of the Jingsha Capital Commercial Aerospace Forum, co-hosted by Shanghai Jingsha Equity Investment Fund Management Co., Ltd., Hefei Investment Promotion Bureau, and Hefei Industrial Investment Group, was held in Hefei, Anhui. Industry experts, leading enterprises, and industrial capital representatives from the commercial aerospace sector gathered to discuss the development trends, technological innovations, and market opportunities in the aerospace industry. This event aimed to enhance Jingsha Capital's influence in the commercial aerospace sector and to boost the overall competitiveness of Hefei's aerospace information industry.

Jinsha Capital is the core platform under Shagang Investment that focuses on venture capital. In the past two years, Jinsha Capital has concentrated its investments in the aerospace and new materials sectors, continuously expanding its industrial investment advantages and social influence. During the event, the Hefei Jincheng Aerospace Industry Fund, initiated by Jinsha Capital, completed its official signing. The fund has a total scale of one billion yuan and primarily invests in commercial aerospace and specialty materials. It will actively explore industrial incubation and specialized mergers and acquisitions in the areas of constellation construction and satellite applications.

Hefei Municipal Committee Standing Member and Deputy Mayor Yuan Fei stated in his speech that Shagang Group, as a leading enterprise in China's steel industry, has always actively participated in China's aerospace endeavors, providing a large number of key materials for the Shenzhou series of spacecraft, the Chang'e lunar exploration project, the Tiangong series of space labs, and the Long March series of carrier rockets. He hopes to engage in broader and deeper cooperation with Shagang Group in areas such as new energy vehicles and aerospace, attracting more high-quality industrial resources to Hefei.

Vice Chairman of the All-China Federation of Industry and Commerce, Party Secretary and Chairman of Jiangsu Shagang Group, Shen Bin, stated in his speech that since its establishment nearly half a century ago, Shagang has consistently upheld the mission of strengthening the steel industry, dedicated to providing the most valuable steel materials and industrial service solutions for various sectors. Northeast Special Steel and Fushun Special Steel, subsidiaries of Shagang, are the main research, production, and supply bases for high-end special steel materials required in high-tech fields in China. At the same time, the company has vigorously promoted diversified development, actively cultivating new strategic support points and profit growth points.

Hefei has always had a tradition of reform and innovation that dares to be the first. In recent years, it has cultivated a series of leading enterprises such as NIO and iFlytek, achieving remarkable success in the industries of new energy vehicles, smart voice, and artificial intelligence, thus creating the nationally renowned "Hefei Model." With the support of Anhui Province, Hefei has placed strategic importance on the aerospace information industry, vigorously developing policies in the aerospace sector that align closely with Jinsha Capital's investment research areas. He hopes that Shagang and Hefei can work hand in hand, mutually benefiting each other.

Prior to the event, Shen Bin and the entrepreneurs involved in the event held a meeting with Zhang Hongwen, member of the Standing Committee of the Anhui Provincial Party Committee and Secretary of the Hefei Municipal Party Committee.

Shougang Shoujia Technology completes rights issue financing

Recently, Shougang Group's listed company Shougang Concord Technology, which primarily produces and sells steel cord for radial tires, successfully completed a rights issue financing. The overall subscription for this rights issue exceeded market expectations, with a total of . billion shares applied for, representing an oversubscription rate of .% compared to the original issuance size of . billion shares. The rights issue raised a total of . billion Hong Kong dollars, marking the conclusion of the first phase of capital operation work.

Since the launch of this capital operation, the trading volume of Shoujia Technology's stock has been activated, with the share price rising from HK$. at the end of this month to a current high of HK$. over a period of six months, representing a price increase of .%, and the overall market capitalization has grown by %. Following the capital operation, Shoujia Technology's asset-liability ratio has decreased by percentage points to %, asset quality has significantly improved, and asset liquidity has been further enhanced.

Jiugang's subsidiaries successfully developed high-end aluminum alloy round ingots

Recently, Dongxing Jiaxinxin Materials, a subsidiary of Jiu Steel Group, successfully developed and trial-produced a high-end aluminum alloy round ingot, accumulating experience for the development of new products.

It is reported that the round ingot is a high-strength, high-toughness aluminum alloy with zinc as the main alloying element. After solution treatment, it exhibits good plasticity, can be used in high-temperature environments, is lightweight, and possesses excellent corrosion resistance and weldability. It is widely applied in aerospace, mold processing, and machinery manufacturing fields.

To ensure the successful development of this new product, the company organized management and technical personnel to conduct topic demonstration, optimize process design, and formulate detailed trial production plans. They tracked the entire process from material selection, smelting, to casting, optimized the batching method, improved casting parameters, successfully resolved the issue of crack tendency in the new product, and achieved a breakthrough in the production of high-end aluminum alloy products.

Next, the company will focus on increasing the proportion of high-end product production, continuously driving the diversification, high quality, and high added-value development of aluminum alloy products, providing strong momentum for expanding sales channels and enhancing market competitiveness.

Dance steel plates are used for the construction of key projects in the cooperation framework agreement between China and Serbia

As of the specified date, the key project under the China-Serbia cooperation framework agreement, the largest energy project in Serbia in the past decade—the 350MW supercritical coal-fired power unit of the Serbia-Power Plant Phase II, has successfully passed the 168-hour reliability test and has been in operation for days. During the construction of the project, high-end petrochemical steel plates from Hebei Iron and Steel Group's Wu'gang Company were used in the manufacturing of critical components such as high-temperature heaters and boilers.

The project is a key initiative under the cooperation framework agreement between China and Serbia, featuring the first megawatt supercritical coal-fired unit exported by China to Central and Eastern Europe, which holds significant importance for Serbia's energy security and industrial development. The project's research, design, and manufacturing processes all adhere to EU standards, with particularly high requirements for the steel materials used in critical components.

Wugang customizes high-end petrochemical steel plates to meet the personalized needs of its customers. During the production process of the steel plates, Wugang strengthens technological innovation, optimizes the process route, enhances quality control throughout the process, ensuring that all technical indicators of the produced steel plates exceed customer requirements, and delivers them to customers promptly. After contract delivery, Wugang continues to track and serve the customers, providing comprehensive technical services to facilitate quick material processing and installation, thereby accelerating project progress and earning customer recognition.

The successful implementation of this project has filled the gap in energy cooperation between China and Serbia, alleviated the tight electricity supply situation in Serbia and surrounding countries, brought more job opportunities and development prospects to the local area, and effectively promoted the high-quality economic and social development of Serbia. It holds significant importance for promoting the joint construction of the Belt and Road between China and Serbia, further deepening and elevating the comprehensive strategic partnership, and building a community with a shared future for China and Serbia in the new era.