Economic Observation Network Ma'anshan Iron and Steel announces equity registration arrangements, promotes asset integration, and relevant policies and industry trends are favorable for enterprise development

Equity related arrangements:
The equity registration date is June 9, 2026, and H-share shareholders need to complete the registration before this date 。

Business progress:
On May 27, 2026, the board of directors of the company approved a proposal to increase the capital of Baowu Environmental Science and Technology Co., Ltd., a non wholly owned subsidiary of Magang Co., Ltd., through its equity in Baowu Water, together with other shareholders. After the transaction is completed, Magang Co., Ltd. will hold approximately 1.04% of the equity of Baowu Environmental Science and Technology Co., Ltd. and withdraw from Baowu Water. This move aims to create an environmental protection industry platform and support the green and low-carbon transformation 。

Industry policies and environment:
The new Implementation Regulations of the Mineral Resources Law will come into effect on June 15, 2026. Analysis suggests that in the medium to long term, it will be beneficial for leading enterprises such as Magang, which have their own mines, to enhance their resource security and profit stability 。

Institutional perspective:
Xinda Securities stated that the expansion of net steel exports in April 2026 will provide positive support for steel prices in the short term, and the steel sector is expected to experience value recovery under multiple factors 。

Recent stock trends:
H-share (00323): Reported revenue of 2.60 yuan on May 13th On May 11th, earlier, due to the first quarter profit news, the stock price rose by over 4% at one point 。

The above content is based on publicly available information and does not constitute investment advice.