证券代码：000898 证券简称：鞍钢股份 公告编号：2025-051 鞍钢股份有限公司 2025 年第三次临时股东会决议公告 公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 特别提示： 1. 本次股东会没有出现否决议案。 2. 本次股东会未涉及变更前次股东会决议。 一、会议召开和出席情况 1. 会议召开情况 （1）现场会议召开时间：2025 年 9 月 19 日 14:00。 网络投票时间为：2025 年 9 月 19 日，其中，通过深圳证券交易所交易 系统进行网络投票的具体时间为：2025 年 9 月 19 日 9:15-9:25，9:30-11:30， 13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年 9 月 19 日 9:15-15:00。 （6）会议的召开符合有关法律、行政法规、部门规章、规范性文件和 公司章程的规定。 1 2. 会议出席情况 公司本次股东会有表决权总股份数为 9,369,221,258 股（其中内资股为 7,957,681,258 股，外资股为 1,411,540,000 股）。 出席会议的股东及 ...

北京市金杜律师事务所 关于鞍钢股份有限公司 2025 年第三次临时股东会的 法律意见书 致：鞍钢股份有限公司 4． 公司本次股东会股权登记日的股东名册； 北京市金杜律师事务所（以下简称本所）接受鞍钢股份有限公司（以下简称公 司）的委托，根据《中华人民共和国证券法》（以下简称《证券法》）、《中华人 民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上市公司 股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以下简称中国 境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别行政区 和中国台湾省）现行有效的法律、行政法规、部门规章、规范性文件和现行有效的 《鞍钢股份有限公司章程》（以下简称《公司章程》）的规定，指派律师对公司于 2025 年 9 月 19 日召开的公司 2025 年第三次临时股东会（以下简称本次股东会） 进行见证，并就本次股东会相关事项出具本法律意见书。 为出具本法律意见书，本所律师按照中国律师行业公认的业务标准、道德规范 和勤勉尽责精神，查阅了其认为必须查阅的文件，包括： 1． 经公司 2025 年第二次临时股东大会审议通过的《公司章程》； 2． 2025 年 ...

Group 1: Company Development Strategy - The company will focus on high-end, intelligent, and green development, aligning with national strategies and market demands to create high-tech, high-value-added products [2] - Emphasis on integrating new information technology with production processes to establish a smart manufacturing model covering the entire production lifecycle [3] Group 2: Environmental Initiatives - The company is nearing completion of its ultra-low emission transformation, with the Bayuquan base expected to pass public review by February 2024, and the Chaoyang base having passed in March [3] - The company is committed to green manufacturing, focusing on carbon reduction at the source, during processes, and promoting resource recycling [3] Group 3: Product Development - The company has a designed production capacity of 1 million tons for non-oriented silicon steel and 100,000 tons for oriented silicon steel [3] - Continuous upgrades are being made to silicon steel products, offering a full range of grades and solutions for users, including high, medium, and low grades, as well as new energy grades [3]

目錄 | 重要提示及釋義 | 2 | | --- | --- | | 公司簡介 | 4 | | 會計數據和財務指標摘要 | 6 | | 管理層討論與分析 | 9 | | 公司治理、環境和社會 | 36 | | 重要事項 | 43 | | 股本變動和主要股東持股情況 | 64 | | 債券相關情況 | 75 | | 財務報告 | 78 | | 備查文件 | 268 | 重要提示及釋義 重要提示 公司董事會及董事、高級管理人員保證半年度報告內容的真實、準確和完整，不 存在虛假記載、誤導性陳述或者重大遺漏，並承擔個別及連帶的法律責任。 公司董事長王軍先生、主管會計工作負責人總會計師李景東先生和會計機構負責 人馬莉女士保證半年度報告中財務報告的真實、準確、完整。 二零二五中期報告 3 公司計劃半年度不派發現金紅利，不送紅股，不以公積金轉增股本。 公司2025年半年度財務報告未經審計。 公司2025年半年度財務報告按中國《企業會計準則》編製。 釋義 除非另有說明，以下簡稱在本報告中的含義如下： | 釋義項 | 指 | 釋義內容 | | --- | --- | --- | | 本公司、公司、 | 指 | 鞍鋼股份有限公司 ...

Group 1 - Companies listed for dividend distribution include Minghui International, Lens Technology, and Caike New Energy [1] - New IPO activities include Jinfang Pharmaceutical-B and Hesai-W, while Saint Martin International and Nanshun (Hong Kong) are scheduled for earnings announcements [2] - Companies such as Dongrui Pharmaceutical, Miniso, and Li Ning are set for dividend distribution, with Hong Kong Exchanges also participating [3] Group 2 - China New Town and Kalian International Hotel are among the companies scheduled for dividend distribution, while Tiande Real Estate and Asia Comm Hold are listed for ex-dividend [4] - Huatai Ruilin is noted for a capital increase with an ex-rights date [4]

Core Viewpoint - The Hong Kong steel stocks experienced a general increase on September 12, with notable gains in several companies [2] Company Performance - Ansteel Corporation (00347.HK) rose by 5.63%, reaching HKD 2.25 [2] - Chongqing Iron and Steel Company (01053.HK) increased by 4.55%, trading at HKD 1.38 [2] - Maanshan Iron and Steel Company (00323.HK) saw a rise of 2.85%, with a price of HKD 2.53 [2]

Group 1 - Steel stocks mostly rose, with Angang Steel (000898) up 5.63% to HKD 2.25, Chongqing Steel (601005) up 4.55% to HKD 1.38, and Maanshan Steel (00323) up 2.85% to HKD 2.53 [1] - According to Galaxy Securities, steel demand is transitioning from real estate to high-end manufacturing, indicating a potential continuous recovery in steel production as the domestic manufacturing sector upgrades [1] - The "anti-involution" policy is promoting supply-side reforms, which are expected to stabilize and recover corporate profits, while infrastructure demand is anticipated to be released in a concentrated manner, leading to an overall stabilization in future demand [1] Group 2 - As the manufacturing sector accelerates its transformation and upgrading, the marginal improvement in steel demand from high-end manufacturing industries is expected [1] - The development of downstream industries such as aerospace, automotive manufacturing, and the replacement of old home appliances is benefiting special steel consumption, indicating a favorable outlook for special steel enterprises to achieve stable growth [1]

Core Viewpoint - Steel stocks are experiencing an upward trend, driven by a shift in demand from real estate to high-end manufacturing, with expectations of continued recovery in steel production and stable profit margins for companies in the sector [1] Group 1: Stock Performance - Ansteel Corporation (00347) increased by 5.63%, trading at HKD 2.25 [1] - Chongqing Iron & Steel Company (01053) rose by 4.55%, trading at HKD 1.38 [1] - Maanshan Iron & Steel Company (00323) saw a rise of 2.85%, trading at HKD 2.53 [1] Group 2: Industry Outlook - The transition of steel demand from real estate to high-end manufacturing is expected to support the domestic manufacturing sector's ongoing transformation and upgrades [1] - The "anti-involution" policy is facilitating supply-side reforms, which are likely to stabilize and improve corporate profits [1] - Infrastructure demand is anticipated to be released in a concentrated manner, leading to a potential stabilization in overall demand [1] Group 3: Future Demand - As the manufacturing sector accelerates its transformation and upgrades, there is expected marginal improvement in steel demand from high-end manufacturing industries [1] - The development of downstream industries such as aerospace, automotive manufacturing, and the replacement of old home appliances is projected to positively impact special steel consumption, indicating stable growth for special steel companies [1]

Core Viewpoint - Ansteel Co., Ltd. has shown a mixed performance in stock price and financial results, with a notable increase in stock price year-to-date but a decline in revenue for the first half of 2025 [1][2]. Group 1: Stock Performance - On September 12, Ansteel's stock price increased by 2.30%, reaching 2.67 CNY per share, with a total market capitalization of 25.016 billion CNY [1]. - Year-to-date, Ansteel's stock price has risen by 11.25%, with a 3.89% increase over the last five trading days, a 1.48% decrease over the last 20 days, and a 17.62% increase over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Ansteel reported operating revenue of 48.599 billion CNY, a year-on-year decrease of 12.35%, while the net profit attributable to shareholders was -1.144 billion CNY, an increase of 57.46% compared to the previous period [2]. - Cumulatively, Ansteel has distributed 21.437 billion CNY in dividends since its A-share listing, with 6.392 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, Ansteel had 96,100 shareholders, a decrease of 2.29% from the previous period, with an average of 0 circulating shares per shareholder [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 52.675 million shares, a decrease of 15.5204 million shares from the previous period, while Southern CSI 500 ETF increased its holdings by 5.1317 million shares to 35.781 million shares [3].

Core Viewpoint - Morgan Stanley reports that since early July, the MSCI China Materials Index has outperformed the MSCI China Index by 19%, driven by stable performance of related companies in the first half of the year, rising interest rate cut expectations, and domestic anti-involution policy themes [1] Industry Summary - The materials sector is expected to continue its strong performance in the second half of the year, with a favorable outlook for the materials index, particularly in the following order: copper or gold, aluminum, steel, coal, and lithium [1] Company Summary - Zijin Mining (601899)(02899) remains the top pick for the company, with strong profit growth, maintaining a "buy" rating and a target price of 28 HKD [1] - The company is optimistic about copper stocks and recommends investors buy Luoyang Molybdenum (603993)(03993) when shares are high, maintaining a "buy" rating and a target price of 13.5 HKD [1] - The target price for Ansteel (000898)(00347) has been raised from 1 HKD to 2.3 HKD, with the rating upgraded from "sell" to "neutral" [1]