马鞍山钢铁股份有限公司关于实际控制人及其 一致行动人权益变动触及 1%刻度的提示性公告 股票代码：600808 股票简称：马钢股份 公告编号：2025-047 马鞍山钢铁股份有限公司（"本公司"或"公司"）董事会及全体董事保证本公告内 容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完 整性承担个别及连带责任。 重要内容提示： 本次权益变动系公司回购注销对应 2024 年考核年度的全部 限制性股票、回购注销人员异动触发的限制性股票，导致公司实际控 制人及其一致行动人所持有的公司股份比例被动增加所致，不触及要 约收购。 本次权益变动不会使公司控股股东及实际控制人发生变化。 本次权益变动后，公司实际控制人中国宝武钢铁集团有限公 司（"中国宝武"）及其一致行动人马钢（集团）控股有限公司（"马 钢集团"）、宝钢香港投资有限公司（"宝港投"）合计持有公司股 份的比例由 52.999%被动增加至 53.146%。 一、本次权益变动基本情况 （一）信息披露义务人信息 1、中国宝武钢铁集团有限公司 公司实际控制人，不直接持有公司股份，现通过马钢集团、宝港 投间接控制公司 53.146%股份。 2、马 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600808 | 马钢股份 | 3.65 | -1.35% | 90.66万 | 3.29亿 | | 601005 | 重庆钢铁 | 1.47 | -0.68% | 124.11万 | + 1.82亿 | | 601003 | 柳钢股份 | 5.19 | 0.00% | 15.78万 | 8179.30万 | | 600022 | 山东钢铁 | 1.49 | 0.00% | 66.96万 | 9967.57万 | | 000932 | 华菱钢铁 | 6.24 | 0.00% | 55.35万 | 3.44亿 | | 600782 | 新钢股份 | 4.02 | 0.00% | 29.93万 | 1.20亿 | | 000761 | 本钢板材 | 3.49 | 0.00% | 9.99万 | 3475.27万 | | 000717 | 中南股份 | 2.70 | 0.00% | 31.27万 | 8416.09万 | | 000898 | 鞍钢股份 ...

Core Viewpoint - The steel sector in Hong Kong is experiencing a decline, with major companies like Maanshan Iron & Steel and Angang Steel seeing significant drops in stock prices following the release of a new growth plan by the Ministry of Industry and Information Technology, which sets a target for average annual growth in the industry at around 4% for the next two years [1][1][1] Group 1: Market Reaction - Major steel stocks have seen substantial declines, with Maanshan Iron & Steel down 5.41% to HKD 2.45, Angang Steel down 5.48% to HKD 2.07, and Chongqing Steel down 5.04% to HKD 1.32 [1][1][1] - The market's reaction is attributed to the new growth plan emphasizing a controlled growth rate and a prohibition on new capacity, which contrasts with current industry growth rates and market expectations [1][1][1] Group 2: Policy Implications - The "Steel Industry Stabilization and Growth Work Plan (2025-2026)" aims for an average annual growth of around 4% and focuses on "stabilizing growth and preventing internal competition," providing a clear path for structural adjustment and high-quality development in the steel industry [1][1][1] - Analysts from CITIC Futures noted that the emphasis on maintaining a 4% growth rate and the ban on new capacity has led to a cooling of "anti-involution" sentiment, resulting in a slight price correction in the sector [1][1][1] - Galaxy Securities highlighted that under the ongoing supply-side reforms, steel production capacity is increasingly concentrating among high-quality leading companies [1][1][1]

每经AI快讯，港股钢铁股午后跌幅扩大，截至发稿，马鞍山钢铁股份跌5.41%，报2.45港元；鞍钢股份 跌5.48%，报2.07港元；重庆钢铁股份跌5.04%，报1.32港元。 ...

Group 1 - Steel stocks experienced significant declines, with Maanshan Iron & Steel Co. down 5.41% to HKD 2.45, Angang Steel Co. down 5.48% to HKD 2.07, and Chongqing Iron & Steel down 5.04% to HKD 1.32 [1] - The Ministry of Industry and Information Technology and other departments issued the "Steel Industry Growth Stabilization Work Plan (2025-2026)", setting an average annual growth target of around 4% for the industry's added value over the next two years [1] - The plan emphasizes "stabilizing growth and preventing internal competition", providing a clear implementation path for structural adjustment and high-quality development in the Chinese steel industry [1] Group 2 - CITIC Futures noted that the introduction of the "Steel Industry Growth Stabilization Work Plan" emphasizes a 4% average annual growth in industry added value and prohibits new production capacity, leading to a cooling of "anti-internal competition" sentiment and a slight price adjustment in the sector [1] - Galaxy Securities believes that under the ongoing supply-side anti-internal competition, steel industry capacity continues to concentrate towards high-quality leading companies [1]

Group 1 - Steel stocks experienced significant declines, with Maanshan Iron & Steel Co. down 5.41% to HKD 2.45, Angang Steel Co. down 5.48% to HKD 2.07, and Chongqing Iron & Steel Co. down 5.04% to HKD 1.32 [1] - The Ministry of Industry and Information Technology and other departments issued the "Steel Industry Stabilization and Growth Work Plan (2025-2026)", setting an average annual growth target of around 4% for the industry's added value over the next two years [1] - The plan emphasizes "stabilizing growth and preventing internal competition", providing a clear implementation path for structural adjustments and high-quality development in the Chinese steel industry [1] Group 2 - CITIC Futures noted that the introduction of the "Steel Industry Stabilization and Growth Work Plan (2025-2026)" aligns with current industry growth rates and market expectations, leading to a cooling of "anti-internal competition" sentiment and a slight price correction in the sector [1] - Galaxy Securities believes that under the ongoing supply-side anti-internal competition, steel industry capacity will continue to concentrate on high-quality leading companies [1]

Group 1 - The company held the 31st meeting of the 10th Supervisory Board on September 22, 2025, with all three supervisors present, and the meeting was chaired by Mr. Hong Gongxiang [2][4] - The Supervisory Board approved the proposal for the reduction of capital by Maanshan Iron & Steel Co., Ltd. in its associate company, Baowu Water Technology Co., Ltd., stating that the proposal aligns with the company's operational needs and strategic development [3][4] - The voting result for the proposal was unanimous approval with 3 votes in favor, 0 against, and 0 abstentions [4] Group 2 - The company announced that its controlling subsidiary, Maanshan Iron & Steel Co., Ltd., will reduce its capital in Baowu Water Technology Co., Ltd. through an asset valuation method, which constitutes a related party transaction [7][9] - The capital reduction agreement was signed on September 22, 2025, involving Maanshan Iron & Steel Co., Ltd. and 18 other shareholders, with the company's shareholding in Baowu Water decreasing from 14.977% to 3.151% [9][12] - The total equity value of Baowu Water was assessed at RMB 435.6 million, reflecting an increase of RMB 25.579 million, or 6.24%, compared to the book net asset value [12][13] Group 3 - The capital reduction will enhance the operational efficiency and effectiveness of Maanshan Iron & Steel Co., Ltd., and will not significantly impact its daily operations or financial status [14][16] - The independent directors reviewed and approved the capital reduction proposal, confirming that it aligns with the company's operational strategy and does not harm the interests of shareholders, especially minority shareholders [16][18] - The Board of Directors also approved the capital reduction proposal, with the related director abstaining from the vote, and the independent directors voting in favor [17][28]

Core Viewpoint - Maanshan Iron & Steel Co., Ltd. (00323.HK) has signed a capital reduction agreement with Baowu Water and 18 other shareholders, reducing its stake in Baowu Water from 14.977% to 3.151% through a capital reduction of RMB 53,838.22 million, aimed at improving operational efficiency and effectiveness [1]. Group 1 - The capital reduction involves three shareholders, including Maanshan Iron & Steel, while the other sixteen shareholders will not participate in the reduction [1]. - The capital reduction is intended to enhance the operational efficiency and effectiveness of Maanshan Iron & Steel, without significantly impacting its daily operations and financial status [1]. - Following the capital reduction, Maanshan Iron & Steel will possess water assets closely related to its production, which is expected to lower operational costs and improve production stability [1]. Group 2 - As of the announcement date, Maanshan Group holds approximately 48.20% of the company's issued share capital and is the controlling shareholder, while China Baowu is the controlling shareholder of Maanshan Group, collectively holding about 52.999% of the shares [1]. - The ultimate beneficial owners of Maanshan Limited, Baowu Water, and the other sixteen shareholders prior to the capital reduction are all ultimately owned by China Baowu [1].

Core Viewpoint - Maanshan Iron & Steel Co., Ltd. has signed a capital reduction agreement to reduce its stake in Baowu Water from 14.977% to 3.151%, with a capital reduction amounting to RMB 53.83822 million, aimed at improving operational efficiency and effectiveness [1] Group 1: Capital Reduction Details - The capital reduction involves three shareholders, including Maanshan Iron & Steel Co., Ltd., while the other sixteen shareholders will not participate in the reduction [1] - The capital reduction is based on the valuation of the circulating water assets related to Baowu Water [1] Group 2: Ownership Structure - As of the announcement date, Maanshan Group holds approximately 48.20% of the issued share capital of the company and is the controlling shareholder [1] - China Baowu Steel Group is the controlling shareholder of Maanshan Group, indirectly holding about 52.999% of the company's shares [1] Group 3: Operational Impact - The capital reduction is intended to enhance the operational efficiency and effectiveness of Maanshan Iron & Steel Co., Ltd. [1] - The reduction will not significantly impact the daily operations and financial status of Maanshan Iron & Steel Co., Ltd. [1] - By acquiring the circulating water assets, Maanshan Iron & Steel Co., Ltd. aims to lower operational costs and improve production stability [1]

本次减资是为了提升马钢有限的运营效率和效益，不会对其日常经营和财务状况构成重大影响。通过本 次减资，马钢有限拥有与其生产密切相关的循环水资产，有利于降低马钢有限运行成本，提高马钢有限 生产运营的协同性及紧密度，增强马钢有限生产的稳定性。 马鞍山钢铁股份(00323)发布公告，于2025年9月22日，马钢有限与宝武水务及其另外十八家股东共同签 署减资协议。根据减资协议，本次进行减资的股东含马钢有限共三家，其余十六家股东不进行减资。马 钢有限以与其相关的宝武水务的循环水资产作价，对宝武水务进行减资人民币5.38亿元(含税);马钢有限 持有宝武水务股权比例由14.977%降至3.151%。 ...