ZCZL Industrial Technology Group Raises Cap on 2026 Commodity Sales to Ansteel

The latest update is out from Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H ( (HK:0564) ).

ZCZL Industrial Technology Group Company Limited has revised the 2026 annual cap for commodities sold to Anyang Iron & Steel Group Co., Ltd. under an existing Commodities and Services Framework Agreement, after board approval on 22 December 2025. The framework governs two-way transactions whereby ZCZL purchases steel products, industrial gases and transportation services from Ansteel Group and sells continuous casting billets and other steel products to Ansteel, all priced via tenders and arm’s length negotiations benchmarked against at least three independent suppliers. The adjustments to the 2026 cap for Ansteel’s purchases from ZCZL reflect rising transaction volumes, with purchases from Ansteel and sales to Ansteel already amounting to about RMB1.49 billion and RMB486 million, respectively, in the first ten months of 2025, indicating growing operational integration with a key industrial customer and supplier while maintaining pricing on normal commercial terms.

The most recent analyst rating on (HK:0564) stock is a Buy with a HK$24.50 price target. To see the full list of analyst forecasts on Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H stock, see the HK:0564 Stock Forecast page.

More about Zhengzhou Coal Mining Machinery Group Co., Ltd. Class H

ZCZL Industrial Technology Group Company Limited is a PRC-incorporated industrial technology group listed in Hong Kong, engaged in machinery and automobile-related manufacturing that relies heavily on steel products such as plates, coils and continuous casting billets, as well as industrial gases, with a market focus that includes both its own production needs and external steel product sales.

Average Trading Volume: 2,536,172

Technical Sentiment Signal: Buy

Current Market Cap: HK$45.2B

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