证券代码：600019 证券简称：宝钢股份 公告编号：临 2024-030 宝山钢铁股份有限公司 关于以集中竞价交易方式回购股份的进展公告 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： | 回购方案首次披露日 | 2023/10/17 | | | --- | --- | --- | | 回购方案实施期限 | 过后 | 待宝钢股份第八届董事会第三十三次会议审议通 12 个月 | | 预计回购金额 | 0 | 万元~300,000 万元 | | 回购用途 | | 用于员工持股计划或股权激励 | | 累计已回购股数 | 35,616.27 | 万股 | | 累计已回购股数占总股本比例 | 1.61% | | | 累计已回购金额 | | 218,736.09 万元 | | 实际回购价格区间 | 5.57 | 元/股~7.08 元/股 | 一、回购股份的基本情况 宝山钢铁股份有限公司（以下称"公司"）于 2023 年 10 月 16 日召开第八届 董事会第三十三次会议，审议通过了《关于以集中竞价交易方式回购公司 A 股 ...

证券代码：600019 证券简称：宝钢股份 公告编号：2024-027 宝山钢铁股份有限公司 2023 年度股东大会决议公告 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。 重要内容提示： 本次股东大会由公司董事会召集，公司董事谢荣先生担任会议主席主持会议。 本次股东大会采用现场投票和网络投票相结合的方式表决，会议的召集、召开程 序符合《公司法》《证券法》《上市公司股东大会规则》等有关法律、法规、规范 性文件及《公司章程》的规定。 (一) 股东大会召开的时间：2024 年 05 月 17 日 (二) 股东大会召开的地点：上海市宝山区富锦路 885 号宝钢股份技术中心 (三) 出席会议的普通股股东及其持有股份情况： (五) 公司董事、监事和董事会秘书的出席情况 1、公司在任董事 10 人，出席 1 人，其他 9 位董事因公务未能出席本次会议； 2、公司在任监事 7 人，出席 1 人，其他 6 位监事因公务未能出席本次会议； 3、公司董事会秘书出席了本次会议，部分高管列席了本次会议。 二、 议案审议情况 (一) 非累积投票议案 本 ...

FANGDA PARTNERS http://www.fangdalaw.com 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 上海市方达律师事务所 关于宝山钢铁股份有限公司 2023 年度股东大会之法律意见书 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法律执 业资格的律师事务所。根据相关法律顾问协议，本所指派律师出席宝山钢铁股份 有限公司（以下简称"宝钢股份"或"公司"）2023 年度股东大会（以下简称"本次 股东大会"），并就本次股东大会的召集和召开程序、参与表决和召集会议人员的 资格、表决程序和表决结果等有关事宜出具本法律意见书。 本法律意见书依据《中华人民共和国公司法》《中华人民共和国 ...

证券代码：600019 证券简称：宝钢股份 公告编号：临 2024-028 债权人可采用信函或电子邮件的方式申报，具体方式如下： 1.申报时间： 2024 年 5 月 18 日至 2024 年 7 月 1 日。以邮寄方式申报的，申 报日以寄出日为准。 2.联系方式 宝山钢铁股份有限公司 通知债权人公告 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、通知债权人的原由 宝山钢铁股份有限公司（以下称"公司"）于 2024 年 5 月 17 日 召开 2023 年度股东大会，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》。据此，公司决定按授予价格 4.29 元/ 股，回购因公司 2023 年业绩考核目标未达成的 1,828 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 131,366,000 股；按照授 予价格 4.29 元/股加上银行同期定期存款利息之和，回购因调动、退 休的 40 名激励对象持有的尚未达到解锁条件的限制性股票共 3,061,250 股；按照授予价格 4.29 元/股，回购因辞职的 3 ...

宝山钢铁股份有限公司 章 程 （2024 年 5 月 17 日修订） - 1 - | 第一章 | 总 则 3 | | --- | --- | | 第二章 | 经营宗旨和范围 4 | | 第三章 | 股份 5 | | 第一节 | 股份发行 5 | | 第二节 | 股份增减和回购 9 | | 第三节 | 股份转让 10 | | 第四章 | 股东和股东大会 11 | | 第一节 | 股东 11 | | 第二节 | 股东大会的一般规定 13 | | 第三节 | 股东大会的召集 15 | | 第四节 | 股东大会的提案与通知 17 | | 第五节 | 股东大会的召开 18 | | 第六节 | 股东大会的表决和决议 21 | | 第五章 | 董事会 24 | | 第一节 | 董事 24 | | 第二节 | 董事会 27 | | 第三节 | 独立董事 30 | | 第四节 | 董事会专门委员会 32 | | 第六章 | 党委 32 | | 第七章 | 总经理及其他高级管理人员 33 | | 第八章 | 监事会 35 | | 第一节 | 监事 35 | | 第二节 | 监事会 35 | | 第九章 | 职工民主管理与劳动人事 ...

Investment Rating - The investment rating for Baosteel Co., Ltd. is "Accumulate" [1] Core Views - The company demonstrated strong resilience in its operations despite the challenging environment in the steel industry, with a slight decline in revenue and net profit for 2023 [1][4] - The company is actively upgrading its product structure and expanding its market reach, particularly in high-value products for the automotive sector [2][3] - Cost reduction measures have been effective, with significant savings achieved in logistics and raw material costs [2][3] Summary by Sections Financial Performance - In 2023, Baosteel achieved revenue of 344.5 billion yuan, a year-on-year decrease of 6.33%, and a net profit of 11.94 billion yuan, down 1.99% year-on-year [1][4] - For Q4 2023, revenue was 89.48 billion yuan, showing a slight year-on-year decrease of 0.05% but a quarter-on-quarter increase of 5.08% [1] - In Q1 2024, revenue reached 80.81 billion yuan, up 2.81% year-on-year but down 9.69% quarter-on-quarter, with a net profit of 1.93 billion yuan, an increase of 4.39% year-on-year [1] Product and Market Development - The company sold 51.9 million tons of steel in 2023, a year-on-year increase of 4.2%, with a focus on high-end products such as non-oriented silicon steel for electric vehicles [2][3] - The "1+1+N" product strategy led to a sales volume of 27.92 million tons, a 10% increase year-on-year [2] - Baosteel signed export contracts for 5.837 million tons of steel, achieving a historical high in export orders, particularly in high-value automotive steel products [2] Cost Management - The company successfully reduced costs by 5.01 billion yuan in 2023, exceeding its annual target [2][3] - In Q1 2024, Baosteel achieved a cost reduction of 2.24 billion yuan, continuing its focus on efficiency improvements [3] Future Outlook - For 2024, Baosteel aims for a sales volume of 52.22 million tons and total revenue of 330.2 billion yuan, with a focus on maintaining its leading position in the industry [4] - The company projects net profits of 12.87 billion yuan in 2024, with a steady growth forecast for the following years [4][5]

Investment Rating - The report maintains a "Buy" rating for the company [5]. Core Views - The company has demonstrated resilience in profit levels and continues to maintain a high dividend payout ratio, with a projected dividend rate of approximately 56.77% for 2023 [6]. - The company reported a revenue of 344.87 billion yuan for 2023, a year-on-year decrease of 6.55%, while the net profit attributable to shareholders was 11.94 billion yuan, down 1.99% year-on-year [5][7]. - The company has achieved a steel sales volume of 51.90 million tons in 2023, an increase of 4.3% year-on-year, with a gross profit per ton of steel at approximately 206 yuan, reflecting a year-on-year increase of 2.34% [5][6]. Summary by Sections Financial Performance - For 2023, the company achieved total revenue of 344.87 billion yuan, with a net profit of 11.94 billion yuan [7]. - In Q1 2024, the company reported a net profit of 1.93 billion yuan, a year-on-year increase of 4.41% [5][7]. - The company’s gross profit margin for 2023 was 6.2%, with a projected gross profit margin of 6.8% for 2024 [7]. Cost Management - The company has successfully reduced costs, with the cost per ton of steel decreasing by 10.26% year-on-year to approximately 5,034 yuan [5]. - Total operating expenses for the reporting period were 10.46 billion yuan, a decrease of 3.61% year-on-year [5]. Product Strategy - The company is focusing on optimizing its product structure, with high-value-added steel products such as automotive sheets and silicon steel expected to increase in proportion, enhancing profitability [6]. - The company has launched a production line for high-grade non-oriented silicon steel aimed at the new energy vehicle sector, achieving a sales volume of 27.92 million tons for high-profit products, a year-on-year increase of 10% [5][6].

Investment Rating - The report maintains an **OUTPERFORM** rating for Baoshan Iron & Steel (600019 CH) with a target price of Rmb8.54, compared to the current price of Rmb6.86 [3] Core Views - The company's performance growth in 2023 was in line with expectations, with revenue of Rmb344.5 billion (-6.33% YoY) and net profit attributable to the parent company of Rmb11.944 billion (-1.99% YoY) [4] - In Q4 2023, revenue was Rmb89.484 billion (+5.08% QoQ, -0.05% YoY), and net profit was Rmb3.594 billion (-5.37% QoQ, +31.99% YoY) [4] - In Q1 2024, revenue was Rmb80.814 billion (-9.69% QoQ, +2.81% YoY), and net profit was Rmb1.926 billion (-46.41% QoQ, +4.39% YoY) [4] Financial Performance - The company achieved steel sales of 51.9 million tons in 2023, a 4.3% YoY increase, with a gross profit per ton of steel of Rmb206 (+2.34% YoY) [12] - In Q1 2024, the company achieved cost reductions of Rmb2.24 billion, supporting its outperformance in the industry [12] - The company plans to distribute cash dividends of Rmb0.20 per share for the second half of 2023, with a total expected dividend of Rmb6.781 billion, accounting for 56.77% of the net profit attributable to the parent company [13] Strategic Goals for 2024 - The company aims to achieve "No. 1 in business performance in China" with specific targets including "1+1+N" product sales of 30 million tons, export sales ratio of over 10%, and cost reductions of over Rmb3 billion [14] - The company plans to produce 49.06 million tons of iron, 51.5 million tons of steel, and 52.22 million tons of commodity billets in 2024, with a total operating income of Rmb330.2 billion and operating costs of Rmb303.4 billion [14] Earnings Forecast and Valuation - The report forecasts EPS for 2024-2026 to be Rmb0.61, Rmb0.66, and Rmb0.70 respectively, with a 14x PE valuation for 2024, corresponding to a reasonable value of Rmb8.54 [15] - The company's revenue is expected to grow by 4% in 2024, 2% in 2025, and 2% in 2026, with net profit growth of 12%, 9%, and 6% respectively [4]

宝山钢铁股份有限公司 2023 年度股东大会 会议资料 2023 年度股东大会会议议程 股东报到登记、入场时间： 2024 年 5 月 17 日 星期五 13:30-14:00 会议召开时间：2024 年 5 月 17 日 星期五 14:00 宝山钢铁股份有限公司 2023 年度股东大会会议资料 宝山钢铁股份有限公司 二零二四年五月十七日 上海 3.公司聘请的律师。 审议议题： 5.关于 2023 年下半年度利润分配方案及维持利润分配周期的 议案 6.关于 2024 年度预算的议案 1.2023 年度董事会报告 2.2023 年度监事会报告 3.2023 年年度报告（全文及摘要） 4.关于 2023 年度财务决算报告的议案 会议召开地点：上海市宝山区富锦路 885 号 宝钢股份技术中心 参加会议人员： 1.在股权登记日持有公司股份的股东。 本次股东大会的股权登记日为 2024 年 5 月 10 日，于股权登记日 下午收市时中国证券登记结算有限责任公司上海分公司登记在册的 公司全体股东均有权出席股东大会，并可以以书面形式委托代理人出 席会议和参加表决。该代理人不必是公司股东。 2.公司董事、监事和高级管理人员。 ...

Financial Performance - In 2023, Baosteel achieved a total profit of CNY 15.09 billion, maintaining the leading position in the domestic industry [3] - In Q1 2024, despite a challenging industry environment, the company reported a profit of CNY 2.79 billion, continuing to lead the domestic market [3] Export Strategy - Baosteel's export volume accounted for approximately 10% of total production, with a historical high of 5.84 million tons in 2022 [4][5] - The Asian market represented two-thirds of the export volume, with Southeast Asia being a significant contributor [5] - The company plans to strengthen cooperation with regions like South America and the Middle East in response to U.S. tariff increases on Chinese steel products [5] Cost Control and Efficiency - Baosteel has implemented effective cost control measures to withstand industry pressures, focusing on internal cost reduction and cross-departmental collaboration [6][7] - The company emphasizes that cost reduction efforts will not compromise product quality, maintaining a strong commitment to quality standards [6][7] Technological Innovation - Baosteel aims to maintain its technological leadership through proactive R&D investments and collaboration with top universities and research institutions [10][11] - The company has initiated an AI strategy for 2024, focusing on enhancing decision-making capabilities and optimizing processes through advanced data analytics [12][13] International Investment and Risk Management - The West Simandou project in Guinea is expected to significantly enhance Baosteel's resource supply capabilities, with an annual iron ore supply of 12 million tons anticipated by 2026 [16][17] - The project will support Baosteel's transition to a green and low-carbon production model, addressing the scarcity of high-grade iron ore resources [16][17] Market Dynamics and Future Outlook - The steel industry is experiencing structural adjustments, with increased competition in high-value products like automotive steel and oriented silicon steel [9] - Baosteel is adapting its strategies to maintain competitiveness in the evolving market landscape, focusing on high-end, green, and intelligent manufacturing [9][10]