On June 29, Shandong Iron And Steel Company Ltd (600022.SH) announced it had received a notice from Director Gao Fengjuan regarding an increase in her shareholding. Based on confidence in the company's future development prospects and recognition of its intrinsic value, Gao Fengjuan purchased 96,000 shares on June 29, 2026, through the Shanghai Stock Exchange's centralized bidding system using her own funds, with a total investment of 119,000 yuan (excluding transaction fees).
Simultaneously, she plans to continue purchasing shares using her own funds through the same system over the next six months starting June 29, 2026, with a planned total investment of no less than 300,000 yuan (including the amount already invested on June 29). The final number and proportion of shares acquired will depend on the actual purchases, and no price range has been set for these transactions.
Prior to this share purchase plan, Gao Fengjuan did not hold any shares in the company.
On June 26, the company had previously announced that its Vice President, CFO, and Board Secretary Tang Bangxiu had purchased 97,800 shares on June 26, 2026, through the Shanghai Stock Exchange's centralized bidding system using personal funds, investing approximately 120,300 yuan (excluding fees). Tang Bangxiu also plans further purchases over the following six months, committing no less than 300,000 yuan in total (including the June 26 purchase), with no price limit set for these transactions.
According to the company's 2025 annual report, Gao Fengjuan has held various positions including roles at Laiwu Steel Group and Laiwu Steel Co., deputy director and director of the Discipline Inspection Commission's petition review office, a seconded deputy division-level discipline inspector at the Shandong Provincial SASAC, deputy head of the audit department and supervision department at Shandong Iron and Steel Group, deputy secretary of the Discipline Inspection Commission and deputy head of the supervision department at Shandong Iron and Steel Group, and secretary of the Discipline Inspection Commission and chairman of the board of supervisors at Shandong Iron And Steel Company Ltd. She currently serves as Deputy Party Secretary, Chair of the Labor Union, and Employee Director of Shandong Iron And Steel Company Ltd.
In 2025, Gao Fengjuan's pre-tax total compensation was 739,800 yuan.
For the full year 2025, the company reported operating revenue of approximately 67.253 billion yuan, a decrease of 12.11% year-over-year. Net profit attributable to shareholders of the listed company was about 106 million yuan, with basic earnings per share of 0.01 yuan.
In the first quarter of 2026, the company achieved total operating revenue of 14.726 billion yuan, a year-on-year decline of 18.59%. Net profit attributable to the parent company was a loss of 218 million yuan, representing a 141.92% widening of the loss compared to the same period last year.
The company's official website shows that Shandong Iron And Steel Company Ltd is a listed company ultimately controlled by Shandong Iron and Steel Group Co., Ltd. (Shangang Group). Shangang Group is a key state-owned enterprise under the Shandong provincial government, established in 2008. Its current shareholding structure consists of the Shandong Provincial State-owned Assets Supervision and Administration Commission holding 2%, Shandong Huiji Xinsheng Investment Co., Ltd. holding 49% (with voting rights delegated to the provincial SASAC), and China Baowu Steel Group Corp., Ltd. holding 49%.
The group is headquartered in Jinan, Shandong, and its business portfolio includes steel manufacturing, mineral resources, refractory materials, industrial finance, a finance company, information technology, international trade, urban services, and park management. It has 12 headquarters departments and 5 business centers, and controls two A-share listed companies: Shandong Iron And Steel Company Ltd and Jinling Mining (000655.SZ).
As of the end of 2025, Shangang Group had a registered capital of 11.969 billion yuan, total assets of 172 billion yuan, and 20,500 in-service employees. Its steel production ranks 10th in China and 17th globally.
In terms of market performance, as of the close on June 29, shares of Shandong Iron And Steel Company Ltd were trading at 1.24 yuan, up 0.81%, with a market capitalization of 13.267 billion yuan. Since late February this year, over a period of approximately four months, the share price has cumulatively fallen nearly 30%.
Other Steel Companies Also Announce Share Purchases
Other steel companies have recently announced similar share purchase plans by shareholders or executives.
Hunan Valin Iron & Steel Co., Ltd. (000932.SZ) announced on June 26 that its controlling shareholder, Hunan Iron and Steel Group Co., Ltd., plans to increase its shareholding through centralized bidding, with a planned investment of no less than 200 million yuan and no more than 300 million yuan. This plan does not set a price range.
Chongqing Iron & Steel Company Limited (601005.SH) announced on the evening of June 28 that its Chairman and Party Secretary Wang Huxiang, Director Lin Changchun, Director, Board Secretary, CFO, and General Counsel Kuang Yunlong, Employee Director Chen Yingming, Senior Vice President (in charge) Zhao Shiqing, and Senior Vice Presidents Li Haifeng and Xie Chao plan to purchase the company's A-shares through the Shanghai Stock Exchange's trading system using their own or self-raised funds over a six-month period starting June 30. The total planned investment is no less than 1.5 million yuan and no more than 2.4 million yuan. This plan also does not set a price range.
Widespread Declines in the Steel Sector
It is noteworthy that share prices of many companies in the steel sector have experienced significant declines this year. As of June 26, Wujin Stainless Steel Pipe Co., Ltd., Jiangsu Shagang Co., Ltd., and Maanshan Iron & Steel Company Limited have seen year-to-date cumulative drops exceeding 40%. Beijing Shougang Co., Ltd., Guangda Special Material Co., Ltd., and Hunan Valin Iron & Steel Co., Ltd. have fallen more than 30%.
In addition to Shandong Iron And Steel Company Ltd, six other steel companies are trading as "1-yuan stocks": Chongqing Iron & Steel Company Limited, Jiugang Hongxing Iron & Steel Co., Ltd., Lingyuan Iron & Steel Co., Ltd., Anyang Iron & Steel Inc., Angang Steel Company Limited, and HBIS Company Limited.
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