一、 召开会议的基本情况 证券代码：600019 证券简称：宝钢股份 公告编号：临 2025-043 宝山钢铁股份有限公司 关于召开2025年第三次临时股东大会的通知 本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法律责任。 重要内容提示： 召开的日期时间：2025 年 8 月 8 日 14 点 30 分 召开地点：上海市宝山区富锦路 885 号宝钢股份技术中心 (五) 网络投票的系统、起止日期和投票时间 网络投票系统：上海证券交易所股东大会网络投票系统 股东大会召开日期：2025年8月8日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (一) 股东大会类型和届次 2025年第三次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票起止时间：自2025 年 8 月 8 日 至2025 年 8 月 8 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易 ...

证券代码：600019 证券简称：宝钢股份 公告编号：临 2025-043 宝山钢铁股份有限公司 第八届监事会第五十五次会议决议公告 本公司监事会及全体监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法律责任。 一、监事会会议召开情况 （一）会议召开符合有关法律、法规情况 本次监事会会议经过了适当的通知程序，召开及会议程序符合有 关法律、行政法规及《公司章程》的规定，会议及通过的决议合法有 效。 （二）宝山钢铁股份有限公司（以下简称"公司"或"宝钢股份"） 《公司章程》第 157 条规定，监事可以提议召开临时监事会会议。 根据秦长灯、黎楚君监事的提议，公司第八届监事会根据上述规 定，以现场结合通讯的方式于 2025 年 7 月 22 日召开临时监事会。 （一）《关于审议董事会"关于董事会换届选举的议案"的提案》 全体监事一致通过本提案。 （二）《关于审议董事会"关于取消监事会的议案"的提案》 全体监事一致通过本提案。 -1- 公司于 2025 年 7 月 17 日以电子邮件和书面方式发出召开监事会 的通知及会议资料。 （三）本次监事会由秦长灯监事主持，会议 ...

证券代码：600019 证券简称：宝钢股份 公告编号：临 2025-040 宝山钢铁股份有限公司 第八届董事会第五十五次会议决议公告 本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法律责任。 一、董事会会议召开情况 （一）会议召开符合有关法律、法规情况 本次董事会会议经过了适当的通知程序，会议程序符合有关法 律、行政法规及公司章程的规定，会议及通过的决议合法有效。 （二）发出会议通知和材料的时间和方式 宝山钢铁股份有限公司（以下简称"公司"或"宝钢股份"）于 2025 年 7 月 17 日以书面和电子邮件方式发出召开董事会的通知及会 议材料。 （三）会议召开的时间、地点和方式 本次董事会会议以现场结合通讯的方式于 2025 年 7 月 22 日在 上海召开。 （四）董事出席会议的人数情况 本次董事会应出席董事 11 名，实际出席董事 11 名。 （五）会议的主持人和列席人员 （一）同意《关于董事会换届选举的议案》 经第八届董事会提名，第九届董事会由 11 名董事组成，包括 1 名由职工代表担任的董事，由公司职工通过职工代表大会、职工大 ...

内容概要：双抗管线钢是管线钢系列中性能质量要求最为严格、生产难度最大的一类品种，作为具备优 异性能的双抗管线钢，在石油天然气输送领域广泛应用，近年来，随着我国油气管道建设不断推进，双 抗管线钢市场快速发展。据统计，2024年我国双抗管线钢行业市场规模达28.86亿元，同比增长 11.25%，未来，随着"一带一路"倡议的推进，众多沿线国家油气合作项目纷纷落地，我国双抗管线钢企 业凭借技术和成本优势，积极参与沿线国家油气管道建设，产品出口量有望不断增加，海外市场有望成 为我国双抗管线钢行业新的增长点。 上市企业：河钢股份（000709）、山东钢铁（600022）、宝钢股份（600019）、沙钢股份（002075） 关键词：双抗管线钢市场政策、双抗管线钢产业链、双抗管线钢发展现状、双抗管线钢竞争格局、双抗 管线钢发展趋势 一、概述 双抗管线钢是指同时具备抗硫化氢应力腐蚀开裂（SSCC）和抗硫化物应力腐蚀开裂（SCC）能力的钢 材，属于特种钢材，这类钢材主要用于输送含腐蚀性介质的油气管道系统，能在恶劣的腐蚀环境中保证 管道的安全性和耐久性，是油气长输管道建设中的关键材料。 | | 双抗钢管的优点及应用方向 | | - ...

Core Viewpoint - As of April 30, 2024, a total of 2,462 A-share listed companies in China have published their sustainable development reports, with a notable focus on tax compliance management practices within these reports [1][3]. Group 1: Implementation of Sustainable Development Reporting - The "Guidelines for Sustainable Development Reporting of Listed Companies" came into effect on May 1, 2024, marking a new phase in the standardized disclosure of sustainable information [3]. - Companies included in major indices must disclose their 2025 sustainable development reports by April 30, 2026, while other companies are encouraged to voluntarily adopt these guidelines [3]. Group 2: Tax Compliance Commitments - Listed companies contributed a total of 4.54 trillion yuan in taxes in 2024, accounting for 25.96% of the national tax revenue, with many companies making commitments to comply with tax laws in their reports [3][5]. - Baoshan Iron & Steel Co., Ltd. outlined seven commitments regarding tax compliance, emphasizing adherence to local tax laws and transparent relationships with government entities [4]. Group 3: Tax Management Practices - Zhejiang Lino Fluid Control Technology Co., Ltd. highlighted its tax management procedures and commitment to tax compliance, reflecting the growing importance of tax issues among stakeholders [6]. - New Wind Technology Co., Ltd. adapted its internal tax management processes to align with business model changes and conducted employee training to enhance tax awareness [7]. Group 4: Digitalization and Risk Management - ZTE Corporation has established a global tax compliance committee to oversee tax governance and ensure compliance, reflecting a trend towards digitalization in tax management [9]. - Tianma Microelectronics Co., Ltd. developed a tax risk control system to monitor and manage tax risks proactively, shifting from reactive to preventive measures [10].

Supply Side - As of July 18, 2025, the total output of five major steel products reached 8.6819 million tons, with a week-on-week decrease of 0.52% and a year-on-year decrease of 1.79% [2] - The average daily pig iron output of 247 steel enterprises was 2.4244 million tons, showing a week-on-week increase of 1.10% and a year-on-year increase of 1.16% [2] - The capacity utilization rate of blast furnaces in 247 steel enterprises was 90.89%, with a week-on-week increase of 0.99 percentage points and a year-on-year increase of 1.27 percentage points [2] - The capacity utilization rate of 87 independent electric arc furnace steel mills was 51.79%, with a week-on-week increase of 1.43 percentage points and a year-on-year increase of 6.81 percentage points [2] - The profitability rate of 247 steel mills rose to 60.2%, stimulating some steel mills to resume production [2] Demand Side - As of July 18, 2025, the total consumption of five major steel products was 8.7011 million tons, with a week-on-week decrease of 0.34% and a year-on-year decrease of 3.28% [2] - The daily transaction volume of construction steel by mainstream traders was 94,200 tons, showing a week-on-week decrease of 6.49% and a year-on-year decrease of 10.45% [2] - In June, the total export volume of steel reached 9.678 million tons, with a month-on-month decrease of 8.51% and a year-on-year increase of 10.89% [2] - The cumulative export volume in June was 58.1466 million tons, with a month-on-month increase of 19.97% and a year-on-year increase of 9.22% [2] - Except for rebar, the consumption of other varieties showed a slight increase, driven by improved macro expectations and increased demand in the terminal manufacturing sector [2] Inventory Side - As of July 18, 2025, the total social inventory of five major steel products was 9.2211 million tons, with a week-on-week increase of 0.89% and a year-on-year decrease of 27.80% [3] - The total factory inventory of five major steel products was 4.1555 million tons, with a week-on-week decrease of 2.35% and a year-on-year decrease of 13.43% [3] - The inventory pressure decreased as inventory shifted from steel mills to downstream [3] Cost Side - As of July 18, 2025, the price index for Australian iron ore (62% Fe) at Rizhao Port was 759.4 RMB/wet ton, with a week-on-week increase of 3.29% and a year-on-year decrease of 7.66% [4] - The price for Indian iron ore (61% Fe) at Qingdao Port was 715.4 RMB/wet ton, with a week-on-week increase of 5.14% and a year-on-year decrease of 1.46% [4] - The comprehensive absolute price index for scrap steel was 2,372.81 RMB/ton, with a week-on-week increase of 0.03% and a year-on-year decrease of 14.93% [5] - The comprehensive absolute price index for foundry pig iron was 2,788.8 RMB/ton, with a week-on-week increase of 1.13% and a year-on-year decrease of 16.08% [5] - The price index for low-sulfur coking coal was 1,239.54 RMB/ton, with a week-on-week increase of 6.22% and a year-on-year decrease of 35.22% [5] Price Side - As of July 18, 2025, the Mysteel absolute price index for ordinary steel was 3,462.31 RMB/ton, with a week-on-week increase of 0.99%, a month-on-month increase of 2.91%, and a year-on-year decrease of 8.43% [5] - The Mysteel absolute price index for special steel was 9,317.6 RMB/ton, with a week-on-week increase of 0.05%, a month-on-month decrease of 0.35%, and a year-on-year decrease of 2.73% [5] - The global steel price index was 205.6 points as of July 11, 2025, with a week-on-week increase of 0.59%, a month-on-month increase of 0.54%, and a year-on-year decrease of 0.68% [5] - Steel prices are expected to rise in the off-season due to the anticipated "anti-involution" policy and the rebound in raw material prices [5] Industry News - On July 18, 2025, the State Council Information Office held a press conference to introduce the development of industry and information technology in the first half of 2025, revealing that the Ministry of Industry and Information Technology will implement a new round of growth stabilization plans for ten key industries, including steel, non-ferrous metals, petrochemicals, and building materials [6] - The specific work plans will be released in the near future, focusing on structural adjustments, supply optimization, and the elimination of backward production capacity [6] Investment Suggestions - The anticipated "anti-involution" policy is expected to boost the valuation of the sector [6] - The industry is expected to remain stable supported by the stabilization of real estate and construction, as well as a positive outlook for manufacturing [6] - The industry is likely to see increased concentration, structural adjustments in output, and high-quality product development as part of its transformation [6] - Recommended companies include industry leaders with product structure advantages and scale effects, such as Nanjing Steel (600282.SH), Hualing Steel (000932.SZ), and Baosteel (600019.SH) [6] - Special steel companies with high barriers and high value-added products, such as Jiuli Special Materials (002318.SZ), are also recommended [6]

证券代码:600019 证券简称：宝钢股份 公告编号：临 2025-039 宝山钢铁股份有限公司 关于第三期限制性股票计划限制性股票 回购注销实施公告 本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法律责任。 重要内容提示： ? 回购注销原因：因公司 2024 年业绩考核目标未达成，宝山钢 铁股份有限公司（以下简称"宝钢股份"、"公司"）回购注销 第三期 A 股限制性股票计划激励对象已授予未解锁的限制性股 票。 ? 本次注销股份的有关情况 回购股份数量 注销股份数量 注销日期 一、本次限制性股票回购注销的决策与信息披露 公司于 2025 年 4 月 25 日召开宝钢股份第八届董事会第五十二次 会议，审议通过《关于第三期限制性股票计划回购注销有关事宜的议 案》，同意公司按照授予价格 4.29 元/股，回购因公司 2024 年业绩考 核目标未达成的 1,762 名激励对象持有的尚未达到解除限售条件的限 制性股票共 126,559,250 股，并同意将该议案提交股东大会审议。公司 于 2025 年 5 月 20 日召开宝钢股份 2024 年度 ...

宝山钢铁股份有限公司 关于第三期限制性股票计划限制性股票 回购注销实施公告 证券代码:600019 证券简称：宝钢股份 公告编号：临 2025-039 本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法律责任。 重要内容提示： 回购注销原因：因公司 2024 年业绩考核目标未达成，宝山钢 铁股份有限公司（以下简称"宝钢股份"、"公司"）回购注销 第三期 A 股限制性股票计划激励对象已授予未解锁的限制性股 票。 本次注销股份的有关情况 | 回购股份数量 | | 注销股份数量 | | | 注销日期 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 126,559,250 | 股 | 126,559,250 | 股 | 2025 | 年 7 | 月 | 24 | 日 | 一、本次限制性股票回购注销的决策与信息披露 公司于 2025 年 4 月 25 日召开宝钢股份第八届董事会第五十二次 会议，审议通过《关于第三期限制性股票计划回购注销有关事宜的议 案》，同意公司按 ...

中国上海市石门一路 288 号 电子邮件 E-mail: email@fangdalaw.com 兴业太古汇香港兴业中心二座 24 楼 电 话 Tel.: +86-21-2208 1166 邮政编码：200041 传 真 Fax.: +86-21-5298 5599 24/F, HKRI Centre Two HKRI Taikoo Hui 288 Shi Men Yi Road Shanghai, PRC 200041 FANGDA PARTNERS http://www.fangdalaw.com 上海市方达律师事务所 关于宝山钢铁股份有限公司 回购注销第三期 A 股限制性股票计划 部分限制性股票的法律意见书 致：宝山钢铁股份有限公司 上海市方达律师事务所（以下简称"本所"）是具有中华人民共和国境内法律 执业资格的律师事务所。根据宝山钢铁股份有限公司（以下简称"宝钢股份"或"公 司"）与本所签订的法律顾问协议，本所担任宝钢股份第三期 A 股限制性股票计 划项目（以下简称"第三期限制性股票计划"或"本次计划"）的特聘专项法律 顾问，就公司回购注销本次计划项下部分激励对象持有的已获授但尚未解除限售 的限制性股 ...

Investment Rating - The report maintains a "Recommendation" for the steel industry, indicating a positive outlook for investment opportunities [6]. Core Viewpoints - The steel industry is experiencing a warming sentiment combined with cost support, leading to a strong performance in steel prices. The report notes that the prices for five major steel products have shown weekly increases, with rebar prices reaching 3,316 CNY/ton, reflecting a 0.83% increase week-on-week [1][2]. - The Ministry of Industry and Information Technology is set to introduce a work plan aimed at stabilizing growth in key industries, including steel, which is expected to optimize supply structure and eliminate outdated production capacity [3]. - The report suggests that the steel industry is likely to see a long-term recovery in both valuation and performance, driven by improved profitability and a reduction in production capacity in certain regions [4][5]. Summary by Sections 1. Weekly Market Review - As of July 18, 2025, the prices for five major steel products are as follows: rebar at 3,316 CNY/ton, wire rod at 3,629 CNY/ton, hot-rolled coil at 3,345 CNY/ton, cold-rolled coil at 3,775 CNY/ton, and medium plate at 3,425 CNY/ton, with weekly changes of +0.83%, +0.76%, +1.47%, +1.16%, and +0.91% respectively [1][15]. - The total production of the five major products reached 8.6819 million tons, a decrease of 45,300 tons week-on-week [1]. - The average daily molten iron output from 247 steel enterprises was 2.4244 million tons, an increase of 26,300 tons week-on-week, with a blast furnace capacity utilization rate of 90.89%, up by 0.99 percentage points [1][18]. 2. Key Industry Data Tracking (a) Production Data - The report highlights that the production data indicates a slight increase in iron output and a recovery in electric arc furnace operation rates, suggesting a stabilization in the industry despite seasonal demand weakness [2][18]. (b) Consumption Volume of Five Major Steel Products - The total consumption of the five major products was 8.7011 million tons, reflecting a decrease of 29,600 tons week-on-week, with specific changes in consumption for rebar, wire rod, hot-rolled, cold-rolled, and medium plate [1][39]. (c) Inventory Situation - The total steel inventory stood at 13.3766 million tons, a decrease of 19,200 tons week-on-week, with social inventory increasing by 81,000 tons to 9.2211 million tons, while steel mill inventory decreased by 100,200 tons to 4.1555 million tons [1][51]. (d) Profitability Situation - The average molten iron cost for 114 steel mills was reported at 2,256 CNY/ton, remaining stable week-on-week. The gross profit per ton for high furnace rebar, hot-rolled coil, and cold-rolled coil was +171 CNY/ton, +146 CNY/ton, and +32 CNY/ton respectively, with slight variations noted [1][4]. 3. Stock Market Performance - The steel index closed at 2,294.69 points, with a weekly increase of 0.36%, while the overall A-share index rose by 1.40% [4][6]. - The report indicates that the overall valuation of the steel sector remains low, with specific companies showing potential for recovery in both valuation and profitability [10].