Fushun Special Steel Co Ltd: Key Financial Developments
Fushun Special Steel Co Ltd, a prominent player in the Metals & Mining sector, has been in the spotlight due to recent financial activities. Listed on the Shanghai Stock Exchange, the company specializes in manufacturing and marketing a variety of steel products, including bearing steel, gear steel, die steel, stainless steel, and alloy steel. Despite its diverse product range, the company’s financial metrics have shown some volatility.
As of July 24, 2025, Fushun Special Steel’s close price stood at 5.97 CNH, with a 52-week high of 7.78 CNH on October 17, 2024, and a low of 4.88 CNH on August 28, 2024. The company’s market capitalization is 11.79 billion CNH. However, the price-to-earnings ratio is notably negative at -91.9, indicating potential concerns regarding profitability.
Recent Financial Activities
A significant development for Fushun Special Steel is the proposed partial takeover by Nantong Jincheng Sha Zhou, a subsidiary of Ningbo Meishan Bonded Port Zone. On July 25, 2025, Jincheng Sha Zhou announced its intention to acquire 5% of Fushun Special Steel’s shares at a price of 5.6 CNH per share. This move would increase Jincheng Sha Zhou’s and its affiliates’ stake in Fushun Special Steel to a maximum of 34.99% of the company’s issued shares. The acquisition is not aimed at delisting the company and will be funded through self-owned and self-raised funds.
Market Movements
On July 24, 2025, Fushun Special Steel experienced significant trading activity, with 4.31 billion CNH worth of shares bought on margin, accounting for 16.10% of the day’s total inflow. The company’s margin balance stood at 6.31 billion CNH, representing 5.35% of its market capitalization, surpassing the historical 80% percentile level.
In terms of short selling, the company saw a repayment of 40,804 shares and a short sale of 100 shares on the same day, with the proceeds amounting to 598 CNH. The short selling balance was 1.49 million shares, below the historical 20% percentile level.
Industry Context
The broader industry context includes various mergers and acquisitions, with companies like Shen Tong Express planning to acquire Dan Bird Logistics for 3.62 billion CNH to enhance its quality network. Additionally, companies like Dongshan Precision are investing up to 10 billion USD in high-end printed circuit board projects to meet future demands in emerging sectors.
Fushun Special Steel’s recent developments reflect both opportunities and challenges within the steel industry, highlighting the dynamic nature of the market and the strategic maneuvers companies are undertaking to strengthen their positions.