证券代码：600126 证券简称：杭钢股份 公告编号：临2025—054 杭州钢铁股份有限公司 关于2025年前三季度经营数据的公告 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。 根据上海证券交易所《上市公司自律监管指引第3号——行业信息披露》以 及《关于做好主板上市公司2025年第三季度报告披露工作的重要提醒》的相关要 求，杭州钢铁股份有限公司现将2025年前三季度的主要经营数据（未经审计）公 告如下，请投资者审慎使用、注意投资风险。 | 经营指标 | 2025年1到9月 | 2024年1到9月 | 增减幅度（%） | | --- | --- | --- | --- | | 热卷产量（万吨） | 340.80 | 329.11 | 3.55 | | 热卷销量（万吨） | 341.86 | 328.95 | 3.92 | | 热卷平均不含税售价 | 3,044.68 | 3,417.09 | -10.90 | | （元/吨） | | | | 特此公告。 杭州钢铁股份有限公司董事会 2025年10月25日 ...

特此公告。 杭州钢铁股份有限公司（以下简称"公司"）董事会收到公司副总经理陈晓 东先生的辞职申请。陈晓东先生因工作变动原因申请辞去公司副总经理职务。辞 去上述职务后，陈晓东先生将不再继续在公司及下属子公司任职。 二、 离任对公司的影响 根据《中华人民共和国公司法》《杭州钢铁股份有限公司章程》等有关规定， 陈晓东先生的辞职自公司董事会收到辞职报告时生效。陈晓东先生不存在未履行 完毕的公开承诺，已按照公司相关规定完成了交接工作，其离任不会影响公司正 常的生产经营。截至本公告披露日，陈晓东先生未持有公司股份。 陈晓东先生在公司工作期间恪尽职守、勤勉尽责，公司及董事会对陈晓东先 生在任职期间所做出的贡献表示衷心感谢！ 证券代码：600126 证券简称：杭钢股份 公告编号：2025-056 杭州钢铁股份有限公司 关于公司高级管理人员离任的公告 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： 杭州钢铁股份有限公司董事会 2025 年 10 月 25 日 姓名 离任 职务 离任时间 原定任期 到期日 离任 原因 是否继续在上 ...

（一）审议通过《公司 2025 年第三季度报告》 本议案已经公司董事会审计委员会审议通过，董事会审计委员会审核后认为公 司 2025 年第三季度财务会计报表是按照现行会计准则的要求编制的，真实反映了公 司 2025 年第三季度末的财务状况以及 2025 年第三季度的经营成果和现金流量状况。 同意将此报告提交公司董事会审议。 证券代码:600126 证券简称:杭钢股份 公告编号:临 2025—053 杭州钢铁股份有限公司 第九届董事会第二十次会议决议公告 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 杭州钢铁股份有限公司（以下简称"公司"）第九届董事会第二十次会议通 知于 2025 年 10 月 16 日以电子邮件、传真或书面送达方式通知各位董事，会议 于 2025 年 10 月 23 日以通讯方式召开，本次会议应到董事 9 人，实际到会董事 9 人。本次会议的召开符合《公司法》及《公司章程》关于董事会召开的有关规 定。 二、董事会会议审议情况 本次会议采用记名投票方式，审议通过如下议案： 2 表决结果 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥15,848,193,594.78, an increase of 7.70% compared to the same period last year[5] - The net profit attributable to shareholders was ¥214,828,464.98, with a year-to-date net profit of ¥100,602,297.73, reflecting a decrease of 5.67% compared to the previous year[5] - The net cash flow from operating activities was ¥2,442,474,967.10, showing a significant increase of 30.97% year-on-year[5] - The weighted average return on equity increased by 3.17 percentage points to 1.11% compared to the previous year[6] - The total profit and net profit attributable to the parent company saw significant improvement, driven by Ningbo Steel's turnaround and investment income from the transfer of recycling resources and technology equity[11] - Operating profit for the first three quarters of 2025 was CNY 124.03 million, a significant improvement from a loss of CNY 372.24 million in the same period of 2024[22] - Net profit for the first three quarters of 2025 reached CNY 110.90 million, compared to a loss of CNY 374.46 million in the previous year[22] - The net profit for the first three quarters of 2025 is CNY 99,678,352.45, a significant recovery from a net loss of CNY 446,827,946.42 in the same period of 2024[23] - The total comprehensive income for the first three quarters of 2025 is CNY 98,166,629.96, compared to a total comprehensive loss of CNY 455,206,869.01 in 2024[23] - The company reported investment income of CNY 181,670,358.65 for the first three quarters of 2025, compared to CNY 135,852,668.72 in 2024, an increase of 33.73%[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥33,667,909,363.65, representing a 1.97% increase from the end of the previous year[6] - Total assets as of September 30, 2025, amounted to CNY 33.67 billion, an increase from CNY 33.02 billion at the end of 2024[19] - Total liabilities as of September 30, 2025, were CNY 13.92 billion, compared to CNY 13.42 billion at the end of 2024, reflecting a 3.7% increase[19] - The company’s total current assets as of September 30, 2025, are CNY 7,572,543,969.02, an increase from CNY 7,064,997,814.49 at the end of 2024[27] - Total liabilities amounted to CNY 4,665,087,302.14, up from CNY 4,312,816,209.94, indicating an increase of 8.16%[29] Cash Flow - The total net cash flow from operating activities increased to 1,089.81 million RMB, primarily due to a 16.08% increase in cash received from sales of goods and services[11] - Cash and cash equivalents increased to CNY 9.03 billion as of September 30, 2025, up 34.4% from CNY 6.73 billion at the end of 2024[18] - Cash flow from operating activities showed a net outflow of CNY -5,033,374.69, contrasting with a net inflow of CNY 119,036,660.47 in the previous year[35] - Investment activities generated a net cash inflow of CNY 1,003,196,664.84, compared to a net outflow of CNY -1,854,886,683.25 in the same period last year[35] - The net cash flow from investing activities for the first three quarters of 2025 is -CNY 463,304,332.13, an improvement from -CNY 2,554,880,020.90 in 2024[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 218,814[13] - The largest shareholder, Hangzhou Steel Group Co., Ltd., holds 1,527,508,156 shares, representing 45.23% of the total shares[14] Investments and Equity - The company made a significant investment of ¥500 million in a resource recycling company during the reporting period, leading to a 3,593.06% increase in long-term equity investments[10] - The company recognized an investment income increase of 485.88% due to the transfer of equity in the recycling resource and technology companies[10] - The company experienced a 30.31% increase in minority shareholders' equity, influenced by the transfer of 97% equity in a recycling resource company[10] - The company completed the transfer of 97% equity in its subsidiary Zhejiang New Century Recycling Development Co., Ltd. for 220,975,403.05 RMB and 100% equity in Zhejiang Deqing Hangang Fuchun Recycling Technology Co., Ltd. for 287,213,507.51 RMB[16] Expenses and Income - The company experienced a significant increase in non-operating expenses, totaling 267.55 million RMB, primarily due to litigation losses recognized by its recycling subsidiary[11] - The company reported a decrease of 44.62% in other income, mainly due to reduced government subsidies received by its subsidiaries[10] - The company’s income tax expense decreased by 84.49 million RMB compared to the same period last year[11] - The company reported an increase in asset impairment losses, totaling 283.63 million RMB, mainly due to higher inventory write-downs[11] - The company’s financial expenses included interest expenses of CNY 36,346,212.43, down from CNY 90,400,157.76 in the previous year, showing a decrease of 59.83%[31] Future Outlook - The company aims to optimize its asset structure and focus on its core steel business and digital economy by divesting from non-core subsidiaries[16] - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements at the beginning of the year[36] - The announcement was made by the Board of Directors of Hangzhou Iron & Steel Co., Ltd. on October 23, 2025[37]

Core Viewpoint - The company reported a revenue of 15.848 billion yuan in the third quarter, representing a year-on-year increase of 7.70%, while the net profit was 215 million yuan [1] - For the first three quarters, the company achieved a revenue of 45.524 billion yuan, showing a year-on-year decline of 5.67%, with a net profit of 101 million yuan [1] Summary by Category Revenue Performance - Third quarter revenue reached 15.848 billion yuan, up 7.70% year-on-year [1] - Year-to-date revenue for the first three quarters was 45.524 billion yuan, down 5.67% compared to the previous year [1] Profitability - The net profit for the third quarter was 215 million yuan [1] - The net profit for the first three quarters totaled 101 million yuan [1]

Market Overview - On October 23, the steel sector rose by 0.32% compared to the previous trading day, with Nanjing Steel leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Stock Performance - Nanjing Steel (600282) closed at 5.26, up 2.14% with a trading volume of 340,700 shares and a turnover of 177 million yuan [1] - Anyang Iron & Steel (600569) closed at 2.44, up 1.67% with a trading volume of 373,700 shares [1] - New Century Steel (000778) closed at 4.00, up 1.27% with a trading volume of 563,300 shares [1] - Hebei Steel (000709) closed at 2.59, up 1.17% with a trading volume of 1,917,500 shares [1] - Ansteel (000898) closed at 2.77, up 1.09% with a trading volume of 367,000 shares [1] Fund Flow Analysis - The steel sector experienced a net outflow of 417 million yuan from institutional investors, while retail investors saw a net inflow of 382 million yuan [2] - The top stocks with significant fund flow include: - Wujin Stainless Steel (603878) with a net inflow of 12.92 million yuan from institutional investors [3] - Youfa Group (601686) with a net inflow of 12.74 million yuan from institutional investors [3] - Chongqing Steel (601005) with a net inflow of 11.07 million yuan from institutional investors [3]

Core Viewpoint - Hangzhou Steel Co., Ltd. has experienced a significant stock price increase of 84.31% year-to-date, but recent trading shows a decline in the last five days by 4.13% and 8.70% over the last 20 days, indicating potential volatility in the stock performance [1][2]. Company Overview - Hangzhou Steel Co., Ltd. was established on February 25, 1998, and went public on March 11, 1998. The company is primarily engaged in the production and sale of steel and its rolled products, as well as trading of certain raw materials and steel products [2]. - The main revenue sources for the company include: 45.09% from scrap materials, 23.34% from hot-rolled steel, 13.77% from raw materials, 8.15% from OEM steel, 7.05% from metal trading, 1.74% from other sources, and 0.87% from by-products [2]. Financial Performance - For the first half of 2025, Hangzhou Steel reported a revenue of 29.676 billion yuan, a year-on-year decrease of 11.54%. The net profit attributable to shareholders was -114 million yuan, reflecting a significant decline of 213.44% compared to the previous year [2]. - The company has distributed a total of 4.289 billion yuan in dividends since its A-share listing, with 338 million yuan distributed over the last three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Hangzhou Steel was 229,800, a decrease of 7.34% from the previous period. The average circulating shares per person increased by 7.92% to 14,697 shares [2]. - Notable institutional holdings include Southern CSI 500 ETF, which is the sixth largest shareholder with 20.0416 million shares, an increase of 2.7466 million shares from the previous period. Conversely, Hong Kong Central Clearing Limited, the seventh largest shareholder, reduced its holdings by 478,030 shares to 14.3596 million shares [3].

Market Overview - On October 22, the steel sector experienced a slight decline of 0.0%, with Baogang Co. leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Individual Stock Performance - Lingang Co. saw a significant increase of 9.96%, closing at 2.65, with a trading volume of 1.3588 million shares and a turnover of 348 million yuan [1] - Other notable performers included Youfa Group (+2.57%), Zhongnan Co. (+1.78%), and Jiugang Hongxing (+1.17%) [1] - Baogang Co. led the declines with a drop of 1.50%, closing at 2.63, with a trading volume of 9.0024 million shares and a turnover of 2.366 billion yuan [2] Capital Flow Analysis - The steel sector saw a net outflow of 232 million yuan from main funds, while retail investors contributed a net inflow of 333 million yuan [2] - The capital flow for individual stocks indicated that Lingang Co. had a net inflow of 84.85 million yuan from main funds, while Youfa Group experienced a net outflow of 31.99 million yuan [3] - The overall trend showed that retail investors were more active, with significant inflows into several stocks despite the outflows from institutional and speculative funds [3]

Core Insights - The Zhejiang Cloud Computing Data Center South District project is set to commence construction, following a public response from the Hangzhou Gongshu District Development and Reform Bureau regarding related proposals [1] - The project is a collaboration between Hangsteel Group and Alibaba Group, with a total investment of 15.8 billion yuan, featuring 10 data center buildings capable of hosting 10,800 server cabinets and running 200,000 servers [1][2] Group 1 - The South District project is a critical component of the overall Zhejiang Cloud Computing Data Center initiative, which is being developed in phases, with the North District having already commenced operations on November 30, 2022 [2][5] - The North District provides essential infrastructure for various sectors, including e-commerce, finance, logistics, cloud computing, big data, and other internet value-added services, supporting industrial internet, smart manufacturing, smart cities, future communities, and intelligent environmental projects [2] Group 2 - The South District project is located in the Hangzhou northern area, specifically in the Hangsteel self-reserved area, covering approximately 91,072 square meters (about 137 acres) with a planned investment of around 1.8 billion yuan [5] - The project aims to build a smart computing data center park with a total planned computing power of 4,860 PFlops (FP16), including 2,882 PFlops (FP16) of domestic computing power and 1,978 PFlops (FP16) of imported computing power [5] - Upon completion, the entire Zhejiang Cloud Computing Data Center will provide robust infrastructure support for the digital industry development in the Yangtze River Delta region [6]

Market Overview - On October 15, the general steel sector rose by 0.07% compared to the previous trading day, with Wujin Stainless Steel leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Individual Stock Performance - Wujin Stainless Steel (603878) closed at 12.36, up 7.85% with a trading volume of 775,700 shares and a transaction value of 911 million yuan [1] - Bayi Steel (600581) closed at 4.77, up 3.25% with a trading volume of 772,200 shares and a transaction value of 369 million yuan [1] - Other notable performers include: - Sijiang Co. (600808) at 4.19, up 3.20% [1] - New Steel Co. (600782) at 4.20, up 1.69% [1] - Lingang Steel (600231) at 2.26, up 1.35% [1] Capital Flow Analysis - The general steel sector experienced a net outflow of 1.446 billion yuan from main funds, while speculative funds saw a net inflow of 395 million yuan, and retail investors had a net inflow of 1.051 billion yuan [2] - Specific stock capital flows include: - Baosteel (600019) with a main fund net inflow of 28.75 million yuan [3] - Bayi Steel (600581) with a main fund net inflow of 22.96 million yuan [3] - Other stocks like Ma Steel (600808) and Hegang (000709) also showed varied capital flows [3]