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CITIC (00267.HK): Director Li Guorong of Citic Pacific Special Steel Group has retired and resigned.
On January 3, Gelonghui reported that CITIC (00267.HK) announced that the Board of Directors of Citic Pacific Special Steel Group (000708.SZ) recently received a written resignation letter from Director Li Guorong. Li Guorong was originally scheduled to serve until May 7, 2026. However, due to reaching the statutory retirement age and having completed retirement formalities, he has applied to resign from his positions as Director and Member of the Board of Directors' Audit Committee of Citic Pacific Special Steel Group, effective December 31, 2024, and will also resign from other positions held in subordinate subsidiaries.
Hua Fu Securities: Steel exports are experiencing a Top Reversal, and the Bullish policies will stabilize steel demand next year.
The contradiction between supply and demand in the industry is not prominent, and under the strengthened incremental policies, the Steel Sector has the foundation to continue rebounding upwards.
Citic Pacific Special Steel Group (000708.SZ): has a production capacity of approximately 20 million tons of special steel materials per year.
Gelonghui, December 24, Citic Pacific Special Steel Group (000708.SZ) stated on the investor interaction platform that the company is a global leading specialized manufacturer of special steel materials, with an annual production capacity of approximately 20 million tons of special steel materials. The products sell well across the country and are exported to more than 80 countries and regions including the USA, Japan, the European Union, the Middle East, and Southeast Asia, gaining favor from high-end users both domestically and internationally. In 2023, export product sales accounted for about 12.6% of total sales. In the future, the company will focus on its special steel main business, prioritizing profitability, pursuing a refined and differentiated development path, continuously optimizing the variety structure, and gradually improving its core.
Huafu Securities: The formation of a double bottom in profit and valuation, focus on five main opportunity lines in the Steel Industry in 2025.
In 2025, policies will focus on both the supply and demand sides, with expectations for supply contraction further increasing. Steel prices are expected to stabilize, forming a "profit bottom", and industry profits may bottom out and rebound.
citic (00267): Zhang Yue and Jiang Tao resigned as independent directors of the 10th board of directors of citic pacific special steel group (000708.SZ).
Citic (00267) announced that Citic Pacific Special Steel Group Co., Ltd. (hereinafter referred to as the "Company") board...
China Securities Co., Ltd.: In 2025, steel prices will primarily remain volatile, reinforcing a new order of supply and demand under controlled production.
China's high-end special steel is still in a growth phase, while the new energy fund, shipbuilding, and aviation industries are in a booming development period, which should enjoy a certain valuation premium.
