记者从珠海边检总站湛江边检站获悉，为保障航线的顺利首航，该站主动作为，加强与码头企业及 口岸联检单位沟通协作，精心制定"一船一策"勤务方案，研究细化登轮检查、船员查验、在港监管等工 作举措，确保该轮到港"零等待"、靠港"即装载"、离港"零延时"，以专业高效的通关保障，助力宝钢湛 江钢铁有限公司打通对泰钢材出口的物流通道。 今年以来，湛江边检站充分发挥移民管理职能作用，持续推进"优检快办"勤务落地，不断提高监管 效能和口岸通关便利化水平，全面营造安全有序、高效顺畅的出入境环境，为服务经济社会高质量发展 注入新动能。 8月3日，装载着8000吨钢材、钢板的巴拿马籍"顶鹤"轮从广东湛江港东海岛港区宝钢成品码头驶往 泰国林查班港，标志着宝钢湛江钢铁有限公司直航泰国新航线正式开通。 据悉，该航线采用国际班轮运作模式，固定航线运作，按期组织生产，缩短物流周期、提高周转效 率，提升出口产品交付服务水平。近年来，宝钢湛江钢铁有限公司依托湛江港"一带一路"重要战略支点 的区位优势，积极构建全球航运网络。此次泰国班轮航线的成功运营，将进一步密切宝钢与泰国及其周 边地区的经贸往来。 ...

Core Points - The AMAC Black Metal Index (AMAC Steel, H30058) experienced a slight decline of 0.01%, closing at 1542.15 points with a trading volume of 9.617 billion [1] - Over the past month, the AMAC Black Metal Index has increased by 17.10%, by 16.81% over the last three months, and by 18.54% year-to-date [1] Index Composition - The AMAC Black Metal Index is composed of 10 major stocks, with Baosteel Co., Ltd. holding the largest weight at 20.04%, followed by Baotou Steel (17.81%) and Hualing Steel (7.38%) [1] - The market share of the AMAC Black Metal Index is predominantly from the Shanghai Stock Exchange at 71.04%, while the Shenzhen Stock Exchange accounts for 28.96% [1] Industry Classification - The AMAC Black Metal Index is entirely composed of the raw materials sector, with a 100.00% allocation [2]

人民财讯8月4日电，企查查APP显示，近日，宝武资源营销(南京)有限公司成立，法定代表人为王树 林，注册资本1000万元人民币，经营范围包括金属矿石销售、煤炭及制品销售、非金属矿及制品销售 等。企查查股权穿透显示，该公司由宝武资源有限公司全资持股，后者为中国宝武钢铁集团有限公司的 全资子公司。 ...

Investment Rating - The industry investment rating is Neutral, maintained [7] Core Viewpoints - The long-term investment value of the steel sector remains promising under the "anti-involution" theme, similar to the supply-side reform period from 2016 to 2018, where the sector's performance was volatile until the exit of outdated capacities in late 2016 [2][6] - In the short term, the market lacks clear anchors for trading, leading to expectations that the equity market will follow steel prices, which are influenced by upstream and downstream trading [2][6] - The valuation position of steel stocks is a key focus for the market, with companies like Hualing Steel, New Steel, and Fangda Special Steel appearing relatively undervalued [6][5] Summary by Sections Market Performance - Recent tracking indicates insufficient downstream support, leading to a decline in steel prices. The apparent consumption of five major steel products decreased by 0.69% year-on-year and 2.47% month-on-month [4] - The average daily pig iron output of sample steel companies fell to 2.4071 million tons, down 1.52 million tons per day month-on-month [4] - Total steel inventory increased by 1.17% month-on-month, while year-on-year it decreased by 23.42% [4] Price Trends - Shanghai rebar prices dropped to 3,350 CNY/ton, down 100 CNY/ton month-on-month, while hot-rolled steel prices rose to 3,390 CNY/ton, down 130 CNY/ton month-on-month [5] - The estimated profit for rebar is 148 CNY/ton, with a lagging cost profit of 399 CNY/ton [5] Policy and Market Outlook - The "anti-involution" policy is expected to continue, with recent government meetings emphasizing the need to rectify disorderly competition and optimize capacity in key industries [6] - The report suggests that despite short-term volatility, the long-term outlook for the steel sector remains positive due to cost optimization and sustained policy support [6][2] - The report identifies four main investment lines: cost reduction due to new capacity, recovery of performance and valuation for low PB stocks, mergers and acquisitions under state-owned enterprise reforms, and focusing on quality processing and resource leaders [26][27][29]

Investment Rating - The report maintains a "Buy" rating for several companies in the steel sector, including Hualing Steel, Baosteel, Nanjing Steel, and others, indicating a positive outlook for their performance [3][4]. Core Insights - The macroeconomic environment is stabilizing, with demand entering a seasonal lull. The political bureau meeting emphasized "anti-involution" and the need for orderly competition in key industries, shifting focus from price increases to rational competition and profit improvement [3][4]. - Short-term steel demand is expected to decline seasonally, leading to potential price corrections. However, long-term capacity governance remains a key theme, with expectations for improved profitability in steel companies as supply dynamics optimize [3][4]. - The report highlights a mixed performance in steel production and inventory levels, with total steel production rising to 8.67 million tons, while social inventory increased by 153,400 tons to 9.41 million tons [2][3]. Summary by Sections Price Trends - As of August 1, steel prices have decreased, with rebar priced at 3,350 CNY/ton (down 100 CNY), hot-rolled steel at 3,430 CNY/ton (down 120 CNY), and cold-rolled steel at 3,860 CNY/ton (down 40 CNY) [1][10][11]. Production and Inventory - Total production of five major steel products reached 8.67 million tons, with rebar production decreasing by 9,000 tons to 2.11 million tons. Social inventory rose by 153,400 tons to 9.41 million tons, indicating a mixed inventory situation [2][3]. Profitability - Steel profitability showed fluctuations, with long-process rebar and hot-rolled steel margins changing by +20 CNY/ton and -14 CNY/ton respectively. Short-process electric arc furnace steel margins increased by +38 CNY/ton [1][3]. Investment Recommendations - The report recommends several companies for investment, including Hualing Steel, Baosteel, Nanjing Steel in the flat steel sector, and Xianglou New Materials, CITIC Special Steel in the special steel sector, among others [3][4].

公司近日在宝山基地成功首发交付国内高端"斑马"不锈钢彩涂板。该产品采用"指定区域定制涂层"技 术，在钢板表面精准预留焊接区域，耐蚀性提高到70000小时以上，为下游厂家提供高焊接性、高耐蚀 性屋面彩涂板解决方案。 风险提示：投资有风险，入市需谨慎。 截至2025年7月31日收盘，宝钢股份股价报7.34元，较前一交易日下跌0.21元，跌幅2.78%。当日成交量 为120.86万手，成交金额达8.85亿元。 宝钢股份是中国领先的钢铁制造企业，主要从事钢铁冶炼、加工及销售业务。公司产品广泛应用于汽 车、家电、建筑、机械制造等领域。 ...

专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 其中，4位年薪超150万的CFO分别为宝钢股份的王娟、翔楼新材的曹菊芬、抚顺特钢的吴效超、友发集 团的刘振东，4人年薪分别为221.7万元、197.8万元、190.7万元、151.7万元。从履职情况看，4人除了任 职CFO之外，均于公司兼任其他职务。 责任编辑：公司观察 从CFO的年龄分布来看，50岁以上CFO是市场的中坚力量，占比达到56%；40-50岁的CFO群体占比为 34%；小于等于40岁的CFO占比为10%。 从CFO的学历分布看，拥有专科、本科、硕士学历的CFO数量分别为3人、23人、14人；占比分别为 57%、35%、8%。三名专科学历的CFO分别为武进不锈的王锦蓉、金洲管道的鲁冬琴、翔楼新材的曹菊 芬。其中，鲁冬琴、王锦蓉均已任职超10年，但两人已先后于2024年4月、8月离职。 从薪酬分 ...

Investment Rating - The report maintains an "Overweight" rating for the steel industry [5]. Core Viewpoints - Demand is expected to gradually bottom out, while supply-side adjustments are beginning to show, indicating that the steel industry is slowly emerging from its low point [3]. - The report anticipates that if supply policies are implemented, the speed of supply contraction will accelerate, leading to a quicker recovery in the industry [3]. - The profitability of steel companies has improved, with the average gross profit per ton of rebar rising to 330.1 CNY/ton, an increase of 131.5 CNY/ton [36]. Summary by Sections Steel Market Overview - Last week, the apparent consumption of five major steel products was 8.6813 million tons, a decrease of 1.98 million tons week-on-week [24]. - The total inventory of steel was 13.365 million tons, down 1.16 million tons week-on-week, maintaining the lowest level for the same period in recent years [5]. - The operating rate of blast furnaces among 247 steel mills was 83.46%, unchanged from the previous week [32]. Raw Materials - The spot price of iron ore increased by 4 CNY/ton to 779 CNY/ton, a rise of 0.52% [48]. - The total inventory of iron ore at ports rose to 137.9038 million tons, a slight increase of 0.04% [49]. - The average available days of imported iron ore for 64 domestic steel companies increased to 21 days, up by 1 day from the previous week [49]. Profitability and Production - The average gross profit for hot-rolled coils rose to 244.1 CNY/ton, an increase of 113.5 CNY/ton [36]. - The profitability rate of 247 steel companies was 63.64%, up 3.47% from the previous week [32]. - The total steel production last week was 8.6697 million tons, a decrease of 1.22 million tons week-on-week [33]. Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hualing Steel, as well as low-cost firms like Fangda Special Steel and New Steel [5].

Group 1 - Regulatory bodies have introduced multiple policies to encourage listed companies to repurchase and cancel shares, leading to increased attention on share buybacks by these companies [1] - In July, the total amount of share buybacks by listed companies reached 14.01 billion yuan, a month-on-month increase of 12.06%, with a total of 88.99 billion yuan repurchased year-to-date [2] - The most active sectors in share buybacks since July include home appliances, basic chemicals, electronics, and pharmaceuticals, each with over 1 billion yuan in repurchases [2] Group 2 - A policy introduced in October last year by the People's Bank of China and other regulatory bodies significantly reduced financing costs for companies, encouraging share buybacks and enhancing market stability [3] - The total amount of special loans for share buybacks reached 91.92 billion yuan this year, with 59.51 billion yuan specifically allocated for share repurchases, accounting for 64.74% of the total [3] - Among the companies receiving special loans, Moutai has the highest loan amount, with a total of 2.5 billion yuan for share buybacks [3] Group 3 - A total of 553 listed companies have announced share buyback plans this year, with 30 companies planning to repurchase amounts of 1 billion yuan or more, including Midea Group and CATL [5] - 32 companies have valuations at their lowest points this year, indicating potential undervaluation, with Midea Group and Shanjin International having the lowest price-to-earnings ratios [6] - Companies like Baofeng Energy have announced buyback plans while also projecting significant profit growth, indicating a positive outlook for their valuations [6]

近年来，监管层接连出台多项政策措施，积极引导上市公司进行回购并注销股份，上市公司对回购的重 视程度明显提升。近期在市场整体表现较好的情况下，上市公司继续积极参与回购，为市场提供增量资 金来源。 年内已回购总额近900亿元 据证券时报·数据宝统计，7月上市公司实施回购金额达到140.12亿元（按公告日期计算），环比增长 12.06%，已连续4个月单月回购金额超百亿元，上市公司回购热情明显上升，年内合计回购金额达到 889.93亿元。 从单家公司来看，27家公司7月回购金额在1亿元以上，美的集团、TCL科技、国泰海通、宝钢股份回购 金额超5亿元。 美的集团公告显示，公司今年以来先后发布两个回购股份方案，回购金额分别为不超过100亿元且不低 于50亿元、不超过30亿元且不低于15亿元，用于注销、实施股权激励计划及员工持股计划，按回购金额 上限计算，合计达到130亿元。截至最新，公司两个方案已分别回购9.73亿元、15.1亿元。 牧原股份取得贷款金额上限最高，公司3月发布的公告显示，中信银行对公司股份回购专项贷款总额由 24亿元调整为25亿元，贷款期限由1年调整为3年。截至2025年6月30日，公司累计回购5254. ...