Jiugang Hongxing addresses investor concerns, highlights product innovations

Gansu Jiu Steel Group Hongxing Iron & Steel (Jiugang Hongxing) held its 2025 third-quarter performance briefing on December 11, 2025, to offer investors a comprehensive understanding of the company's operational and financial status. During the briefing, chairman Du Xin, independent director Jia Ping, and cfo and board secretary Gao Xin addressed investor inquiries. The company confirmed that its stainless steel products have secured SGS EU quality system certification and carbon footprint certification, while carbon steel products boast certifications from UL and CE. Container plate steel achieved SGS EU quality assurance system certification in March 2025.

Jiugang Hongxing also highlighted its strategic focus on high-end product development, with recent achievements including the successful development of thick-gauge non-magnetic steel, improved super austenitic stainless steel, and 09CrCuSb acid-resistant steel. The company is actively expanding its footprint in marine engineering, with several products already holding production licenses from British, French, and Norwegian classification societies. Jiugang Hongxing's wholly-owned subsidiary, Sunan Hongxing Mining, sells copper concentrate extracted from underground mines through a flotation process.

Addressing concerns about shareholder returns, Jiugang Hongxing explained that it has been unable to meet cash dividend conditions since 2022 due to a challenging market environment. To protect investor interests, the company has repurchased shares worth CNY 100 million, and its major shareholder, Jiugang Group, has increased its holdings by CNY 300 million across two transactions.