Angang Steel Company Limited (00347) saw its shares decline by more than 5%. As of the time of writing, the stock was down 5.45%, trading at HKD 1.91, with a turnover of HKD 22.12 million. On January 30, Angang Steel issued an announcement forecasting that the net loss attributable to the company's shareholders for the 12-month period ending December 31, 2025, is expected to decrease compared to the same period in 2024. The net loss attributable to the company's shareholders is projected to be approximately RMB 4.077 billion, representing a reduction of roughly RMB 3.045 billion year-on-year, or a decrease of about 42.75%. The net loss attributable to the company's shareholders after deducting non-recurring gains and losses is estimated to be around RMB 4.228 billion, narrowing by approximately 41.29% compared to the previous year. The basic loss per share is expected to be about RMB 0.435. The announcement stated that the reduction in losses is attributed to a somewhat improved situation in the steel industry in 2025 compared to the previous year, although the fundamental issue of supply outstripping demand in the overall market has not yet been resolved. Facing market pressures, the company has continued to advance its strategy focused on "enhancing value creation and comprehensive operational accounting," intensifying market expansion and product mix optimization, improving operational efficiency, tapping into energy-saving potential, optimizing procurement logistics, and striving for systematic cost reductions, while also scheduling major overhauls for its key production lines to enhance market competitiveness, leading to an overall positive trend in its operational performance.