Hangzhou Iron and Steel Co., Ltd. Hits 8 Consecutive Daily Limits: Stock Price Deviates from Fundamentals Amid Market Sentiment and High Speculation Risks
2025-02-14 / Read about 0 minute
Author:小编   

Hangzhou Iron and Steel Co., Ltd. has issued an announcement clarifying that its stock price does not align with the company's fundamental values, highlighting concerns over excessive market sentiment and elevated speculation risks. Recent media coverage has focused on the deployment and adaptation of its subsidiary, DeepSeek; however, the company's core business continues to be the production and sales of steel and its rolled products, a situation that is not anticipated to change in the near future. Regarding the company's computing power business, it primarily involves the procurement of hardware equipment and related software, followed by the provision of leasing services after integration. Importantly, this segment does not involve the core technology research and development of computing power. Projections indicate that by 2024, this business will constitute a mere 0.06% of the company's total revenue.