关于山东钢铁股份有限公司 2024 年度涉及财务公司关联交易的存款、贷款等金融 业务汇总表 1-3 2024 年度涉及财务公司关联交易的 存款、贷款等金融业务的 专项说明 索引 页码 专项说明 关于山东钢铁股份有限公司 2024 年度涉及财务公司关联交易的存款、贷款等金融业务的 专项说明 XYZH/2025JNAA7B0210 山东钢铁股份有限公司 山东钢铁股份有限公司全体股东： 我们按照中国注册会计师审计准则审计了山东钢铁股份有限公司(以下简称山东钢 铁公司)2024年度财务报表，包括2024年12月31日的合并及母公司资产负债表、2024年 度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东权益变动表， 以及相关财务报表附注，并于2025年4月28日出具了XYZH/2025JNAA7B0207号无保留意见 的审计报告。 根据上海证券交易所相关规定，山东钢铁公司编制了本专项说明所附的《山东钢铁 股份有限公司2024年度涉及财务公司关联交易的存款、贷款等金融业务汇总表》（以下 简称汇总表）。 编制和对外披露汇总表，并确保其真实性、准确性及完整性是山东钢铁公司的责任。 我们核对了汇总表所载项目金额 ...

山东钢铁股份有限公司 2024 年 12 月 31 日 内部控制审计报告 内部控制审计报告 XYZH/2025JNAA7B0208 山东钢铁股份有限公司 山东钢铁股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计 了山东钢铁股份有限公司（以下简称山东钢铁公司）2024 年 12 月 31 日财务报告内部控 制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指 引》的规定，建立健全和有效实施内部控制，并评价其有效性是山东钢铁公司董事会的 责任。 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意 见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、 内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的 变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控 制审计结果推测未来内部控制的有效性具有一定风险。 四、 财务报告内部控制审计意见 我们认为，山东钢铁公司于 2024 年 12 月 ...

山东钢铁股份有限公司 2024 年度 非经营性资金占用及其他关联资金往来的 专项说明 索引 页码 专项说明 非经营性资金占用及其他关联资金往来情况汇总表 1-2 关于山东钢铁股份有限公司 2024 年度非经营性资金占用及其他关联资金往来的专项说明 XYZH/2025JNAA7B0209 山东钢铁股份有限公司 （本页无正文） 山东钢铁有限公司全体股东： 我们按照中国注册会计师审计准则审计了山东钢铁股份有限公司（以下简称山东钢 铁公司）2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表、2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东权益变动表 以及财务报表附注，并于 2025 年 4 月 28 日出具了 XYZH/2025JNAA7B0207 号无保留意见 的审计报告。 根据中国证券监督管理委员会《上市公司监管指引第 8 号——上市公司资金往来、 对外担保的监管要求》（证监会公告〔2022〕26 号），以及上海证券交易所相关披露的 要求，山东钢铁公司编制了本专项说明所附的山东钢铁公司 2024 年度非经营性资金占 用及其他关联资金往来情况汇总表（以 ...

关于山东钢铁股份有限公司 2024 年度营业收入扣除情况的 专项说明 | 索引 | 页码 | | --- | --- | | 专项说明 | 1-2 | | 2024 年度营业收入扣除情况表 | 1 | 关于山东钢铁股份有限公司 2024 年度营业收入扣除情况的专项说明 XYZH/2025JNAA7B0211 山东钢铁股份有限公司 山东钢铁股份有限公司全体股东： 我们按照中国注册会计师审计准则审计了山东钢铁股份有限公司(以下简称山东钢 铁公司)2024年度财务报表，包括2024年12月31日的合并及母公司资产负债表、2024年 度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东权益变动表， 以及相关财务报表附注，并于2025年4月28日出具了XYZH/2025JNAA7B0207号无保留意见 的审计报告。 根据《上海证券交易所上市公司自律监管指南第 2 号业务办理》之附件第七号财务 类退市指标：营业收入扣除》（以下简称营业收入扣除）相关规定，山东钢铁公司编制 了后附的山东钢铁股份有限公司 2024 年度营业收入扣除情况表（以下简称营业收入扣 除情况表）。 按照营业收入扣除的相关规定编制和披露营业收 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 19.26 billion, a decrease of 15.66% compared to the same period last year[4] - Total profit for the quarter was CNY 154 million, an increase of CNY 942 million year-on-year[4] - Net profit reached CNY 107.72 million, up CNY 89.7 million from the previous year[4] - Total operating revenue for Q1 2025 was CNY 19.26 billion, a decrease of 15.4% compared to CNY 22.83 billion in Q1 2024[20] - Net profit for Q1 2025 was CNY 107.72 million, a significant recovery from a net loss of CNY 788.72 million in Q1 2024[20] - The total comprehensive income for Q1 2025 was CNY 107.33 million, a recovery from a loss of CNY 789.29 million in Q1 2024[21] - The company reported a basic and diluted earnings per share of CNY -0.0014 for Q1 2025, compared to CNY -0.0596 in Q1 2024[21] Cash Flow and Assets - The net cash flow from operating activities was CNY 1.52 billion, a slight increase of 0.43% year-on-year[4] - Cash flow from operating activities for Q1 2025 was CNY 1.52 billion, slightly up from CNY 1.51 billion in Q1 2024[23] - Cash and cash equivalents at the end of Q1 2025 totaled CNY 3.63 billion, down from CNY 4.99 billion at the end of Q1 2024[24] - The company's cash and cash equivalents rose to CNY 5.87 billion from CNY 4.86 billion, marking an increase of around 20.7%[16] - The company's current assets reached CNY 15.89 billion, up from CNY 13.28 billion, indicating a significant increase of about 19.7%[16] - The total assets at the end of the reporting period were CNY 67.79 billion, an increase of 3.80% from the end of the previous year[5] - As of March 31, 2025, the total assets of Shandong Steel Co., Ltd. amounted to CNY 67.79 billion, an increase from CNY 65.31 billion as of December 31, 2024, representing a growth of approximately 3.79%[17] Liabilities and Equity - The total liabilities stood at CNY 39.68 billion, compared to CNY 37.24 billion at the end of 2024, reflecting an increase of approximately 6.57%[17] - The total equity attributable to shareholders decreased to CNY 18.70 billion from CNY 18.78 billion, a decline of approximately 0.42%[18] - The company reported a short-term loan of CNY 6.06 billion, down from CNY 6.97 billion, reflecting a decrease of about 13.1%[17] Production and Sales - Steel production amounted to 4.04 million tons, an increase of 5.74% year-on-year, while steel sales reached 4.05 million tons, up 1.76%[5] - The average selling price of steel was CNY 3,498 per ton (excluding tax), a decrease of 11.11% compared to the previous year[5] Costs and Expenses - The company's retained earnings showed a negative balance of CNY -950.86 million, worsening from CNY -936.45 million, indicating a decline in profitability[18] - Total operating costs for Q1 2025 were CNY 19.09 billion, down 19.5% from CNY 23.70 billion in Q1 2024[20] - Research and development expenses in Q1 2025 were CNY 291.36 million, a decrease of 40.2% from CNY 487.37 million in Q1 2024[20] - The company incurred a financial expense of CNY 76.74 million in Q1 2025, down from CNY 84.16 million in Q1 2024[20] - The company’s investment income for Q1 2025 was CNY 622.77 thousand, a decrease from CNY 11.11 million in Q1 2024[20] User Development and Procurement - The company developed 46 new users in Q1, focusing on high-end, localized, and international markets[7] - The company achieved a significant reduction in procurement costs, with the purchase and sale price difference increasing by over CNY 200 per ton compared to the previous year[7] Asset Composition - The company's non-current assets totaled CNY 51.90 billion, a slight decrease from CNY 52.03 billion, indicating a decline of approximately 0.25%[17] - Accounts receivable surged to CNY 1.27 billion, a substantial increase from CNY 483.45 million, representing a growth of approximately 163.5%[16] - The inventory level was reported at CNY 5.33 billion, slightly up from CNY 5.26 billion, indicating a growth of about 1.0%[16]

Financial Performance - In 2024, Shandong Steel reported operating revenue of ¥82.09 billion, a decrease of 9.26% compared to ¥90.48 billion in 2023[23]. - The net profit attributable to shareholders of the listed company for 2024 was -¥2.26 billion, compared to -¥399.60 million in 2023[23]. - The total assets of Shandong Steel at the end of 2024 were ¥65.31 billion, down 2.16% from ¥66.75 billion in 2023[24]. - The net assets attributable to shareholders of the listed company decreased by 11.11% to ¥18.78 billion in 2024 from ¥21.13 billion in 2023[24]. - The basic earnings per share for 2024 was -¥0.2129, compared to -¥0.0373 in 2023[25]. - The weighted average return on net assets for 2024 was -11.28%, a decrease of 9.43 percentage points from -1.85% in 2023[25]. - The company faced significant challenges in 2024, leading to a substantial decline in both revenue and profit margins compared to previous years[23]. - The company reported a net cash flow from operating activities improved to ¥202.49 million in 2024, a significant recovery from -¥1.21 billion in 2023[23]. Production and Operations - The company produced 10.89 million tons of pig iron and 14.94 million tons of crude steel during the reporting period, achieving significant efficiency improvements[35]. - The company reduced its comparable steel cost by ¥86.66 per ton, with procurement costs improving by ¥30 per ton compared to 2023[36]. - The overseas market saw an increase in exports to 1.18 million tons, a rise of 31.96 million tons or 37% compared to 2023[35]. - The company produced 1,483.22 million tons of major products, with a sales volume of 1,571.27 million tons, reflecting a year-over-year decrease of 2.69% in sales volume[59]. - The production of cold-rolled steel reached 2,921,481.90 tons, with sales of 2,931,216.09 tons, generating revenue of CNY 1,124.85 million[74]. - The production of hot-rolled steel was 11,910,734.10 tons, with sales of 12,781,455.90 tons, resulting in revenue of CNY 4,599.28 million[74]. Research and Development - R&D investment reached ¥2.708 billion, accounting for 3.30% of total revenue, focusing on high-value-added products[37]. - The company has established a comprehensive technology innovation system with 1,662 valid patents, including 979 invention patents, and received the National Science and Technology Progress Second Prize for a key technology project[52]. - Research and development expenses totaled CNY 270,779.22 million, accounting for 3.30% of total revenue[66]. - The number of R&D personnel is 1,747, making up 10.90% of the total workforce[67]. Environmental and Sustainability Efforts - The company aims to enhance its environmental performance with the "Environmental Performance A Three-Year Action Plan (2024-2026)" to improve energy efficiency and reduce emissions[53]. - The company invested CNY 1.172 billion in environmental protection during the reporting period, ensuring compliance with pollution discharge standards[140]. - The company achieved a 100% operational rate of environmental protection facilities and a 100% compliance rate for pollutant discharge during the reporting period[141]. - The total emissions of major pollutants from the Steel City base were 2,499.71 tons for particulate matter, 676.66 tons for SO2, and 1,795.61 tons for NOx, all below government-approved discharge limits[141]. - The company is focusing on reducing its overall emissions by implementing new technologies and processes in its operations[144]. - The company has committed to high-level environmental protection and sustainable development, aligning with national pollution control regulations[152]. Governance and Management - The governance structure includes a board of 9 members, with 4 independent directors, ensuring compliance with legal requirements and effective oversight of management[95]. - The company has established a system for managing insider information to ensure compliance with regulations and protect sensitive data[96]. - The company has implemented a comprehensive internal control system, with 60 internal control management regulations established or revised in 2024, resulting in a total of 183 effective operational regulations[137]. - The company has maintained a transparent and efficient governance structure, with no significant deficiencies in internal controls reported[138]. - The company’s governance structure is being reinforced through the election of new independent directors and supervisors, enhancing oversight capabilities[112]. Market Position and Strategy - The company ranks 221st in the 2024 Fortune China 500 list, indicating its significant position in the industry[44]. - The company aims to enhance its competitive capabilities through a transformation framework consisting of 1 goal, 6 capabilities, and 9 transformation paths[33]. - The company is focusing on expanding its market presence and optimizing its product structure to enhance competitiveness in the steel industry[54]. - The company is exploring opportunities in international markets to diversify its revenue streams and reduce dependency on domestic sales[104]. - The company is actively pursuing strategic partnerships and potential acquisitions to strengthen its market position and drive growth[104]. Financial Management - The company has reduced financial expenses by 28.61% to CNY 28,175.63 million, due to a significant reduction in interest-bearing debt and financing rates[55]. - The company has maintained a strong financial position with a significant amount of deposits and no outstanding loans, reflecting effective financial management strategies[176]. - The total amount of credit business with Shandong Steel Group is 875,000, with an actual occurrence of 36,791[178]. - The company has a total of 218,729 common stock shareholders as of the end of the reporting period, an increase from 212,887 in the previous month[188]. Employee Engagement and Development - The total number of employees in the parent company is 9,366, and the total number of employees in major subsidiaries is 6,665, resulting in a combined total of 16,031 employees[126]. - The company implements a differentiated salary system based on job responsibilities, with executives and middle management on a target responsibility wage system, while other employees follow a performance-based wage system[128]. - The company has initiated an employee stock ownership plan at its subsidiary Rizhao Company to combine short-term and long-term incentives[128]. Future Outlook - In 2025, the company plans to produce 10.49 million tons of pig iron, 15.33 million tons of crude steel, and 15.89 million tons of finished products, aiming for a turnaround to profitability[87]. - The company anticipates a reduction in steel exports in 2025 due to increased global trade barriers and anti-dumping measures[83]. - The company is focusing on digital transformation projects to enhance operational capabilities and support future growth[116]. - The company is committed to improving its risk management and audit processes as outlined in the 2023 annual report[115].

2024 年度独立董事述职报告 独立董事 汪晋宽 根据《上市公司独立董事管理办法》等有关规定，现将 2024 年度独 立董事履职情况报告如下： 一年来，我作为公司独立董事，本着为公司及全体股东负责的态度， 积极出席董事会和股东会，认真、谨慎地参与公司的重大决策，忠实、勤 勉地履行了独立董事的职责，并对相关事项独立、客观地发表了意见，切 实维护了公司整体利益和股东的合法权益。 一、独立董事基本情况 （一）工作履历、专业背景以及兼职情况 汪晋宽，男，汉族，1957 年 4 月生，辽宁营口人，工学博士。曾任 中国仪器仪表学会理事，中国有色金属学会常务理事，教育部电子商务教 学指导委员会委员，河北省第九届政协委员，河北省第十一届、十二届人 大代表，东北大学副校长。现任东北大学信息科学与工程学院教授，博士 生导师，山东钢铁股份有限公司独立董事。 （二）独立性说明 作为公司独立董事，本人及直系亲属、主要社会关系均未直接或间接 持有公司股份，不在直接或间接持有公司已发行股份 5%或 5%以上的股东 单位任职，没有从公司及其主要股东或有利害关系的机构和人员处取得额 外的、未予披露的其他利益，具备法律法规所要求的独立性，不存在 ...

2024 年度独立董事述职报告 独立董事 王爱国 根据《上市公司独立董事管理办法》等有关规定，现将 2024 年度独 立董事履职情况报告如下： 一年来，我作为公司独立董事，本着为公司及全体股东负责的态度， 积极出席董事会和股东会，认真、谨慎地参与公司的重大决策，忠实、勤 勉地履行了独立董事的职责，并对相关事项独立、客观地发表了意见，切 实维护了公司整体利益和股东的合法权益。 一、独立董事基本情况 （一）工作履历、专业背景以及兼职情况 王爱国，男，汉族，1964 年 12 月生，山东安丘人，管理学博士、会 计学博士后。现任山东财经大学智能会计与数字企业研究院院长，二级教 授，特聘教授，博士生导师，山东钢铁股份有限公司、海信视像科技股份 有限公司、浪潮电子信息产业股份有限公司独立董事。兼任教育部高等学 校工商管理类专业教学指导委员会会计学专业教学指导分委员会委员，山 东省高等学校工商管理类专业教学指导委员会主任委员（含农林经济管 理），济南市第十四、十五届政协委员，中国会计学会理事。 （二）独立性说明 作为公司独立董事，本人及直系亲属、主要社会关系均未直接或间接 持有公司股份，不在直接或间接持有公司已发行股份 5 ...

2024 年度独立董事述职报告 独立董事 孟庆春 根据《上市公司独立董事管理办法》等有关规定，现将 2024 年度独 立董事履职情况报告如下： 2024 年，我作为公司独立董事，本着为公司及全体股东负责的态度， 积极出席董事会和股东会，认真、谨慎地参与公司的重大决策，忠实、勤 勉地履行了独立董事的职责，并对相关事项独立、客观地发表了意见，切 实维护了公司整体利益和股东的合法权益。 一、独立董事基本情况 （一）工作履历、专业背景以及兼职情况 孟庆春，男，汉族，1973 年 10 月出生，山东济阳人，中共党员，理 学博士，应用经济学博士后。现任山东大学二级教授，博士生导师，山东 省高等学校社会超网络计算与决策模拟重点实验室主任、山东省高等学校 数智管理与决策模拟文科实验室（A 类）主任，山东钢铁股份有限公司、 银座集团股份有限公司、澳柯玛股份有限公司独立董事。兼任中国优选法 统筹法与经济数学研究会副秘书长、中国优选法统筹法与经济数学研究会 网络科学分会理事长、教育部物流管理与工程类专业教指委供应链管理工 作组副组长、新旧动能转换重大工程智库专家、《中国管理科学》编委等。 2024 年 7 月 9 日，经公司 20 ...