Core Viewpoint - Ling Steel Co., Ltd. reported a significant decline in production and net profit for the first half of 2025, primarily due to the ongoing weak demand in the steel industry and falling steel prices, despite efforts to reduce costs and improve efficiency [1][2]. Group 1: Financial Performance - The company produced 2.249 million tons of steel, a year-on-year decrease of 21.09% [1] - Iron production was 2.11 million tons, down 18.09% year-on-year [1] - The total sales of products reached 2.1868 million tons, a decline of 21.97% compared to the previous year [1] - The net profit for the first half of the year was a loss of 578 million yuan [1] - Operating cash flow turned positive, achieving 104 million yuan, a significant improvement from the previous year [2] Group 2: Strategic Initiatives - The company is implementing a "two in, one out" strategy, reducing rebar production while increasing the output of high-quality round steel and specialty strip steel [1] - Equipment upgrades and low-emission transformation projects have been completed, enhancing production capacity and efficiency [3] - The company is focusing on product research and development, as well as production line upgrades to increase the proportion of high-value-added products [3] Group 3: Market Expansion - Ling Steel is actively developing international markets, particularly in Southeast Asia and South Korea, to increase export volumes [3] - The company aims to leverage opportunities in the Belt and Road Initiative and is working on certifications for rebar sales in Russia and Thailand [3] - There is a focus on restoring the rebar market in Mongolia and promoting the use of grinding ball steel products there [3]

股票代码：600231 转债代码：110070 股票简称：凌钢股份 转债简称：凌钢转债 编 号：临 2025-072 凌源钢铁股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 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。 二、本次说明会投资者提出的主要问题及公司的回复情况 1.贵司优特钢板块增长趋势较好，"去螺增优"战略推进中面临哪些挑战， 如何进一步提高优特钢占比？ 答:优特钢的"小调品"即优钢品种结构调整量化生产困难，如何在现有设 备条件下提高优特钢产量，拟从三个方面发力： (1)深化合作增量。深入对接客户需求，变交易为伙伴，发掘增量机会，通 过增值服务提升客户粘性与复购率，扩大销量。 (2)拓展市场增量。积极开发新渠道、新市场或新应用领域，现有产品寻找 新的客户群体，开辟新的增长点，带动产量提升。 (3)产销联动增量。提高合同到位率，优化产线规格、材质、数量，保证生 产顺行，提高生产效率，从根本上提升产量。 一、本次说明会召开情况 凌源钢铁股份有限公司（以下简称公司）于 2025 年 9 月 16 日（星 ...

Market Performance - On September 16, the steel sector rose by 0.03% compared to the previous trading day, with Linggang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Linggang Co., Ltd. (600231) closed at 2.22, with a gain of 3.26% and a trading volume of 535,500 shares [1] - Shougang Co., Ltd. (000959) closed at 4.56, up 2.93%, with a trading volume of 1,214,500 shares [1] - Bayi Steel (600581) closed at 4.74, up 2.82%, with a trading volume of 1,132,200 shares [1] - Chongqing Steel (601005) closed at 1.58, up 2.60%, with a trading volume of 3,644,500 shares [1] - Shandong Steel (600022) closed at 1.60, up 2.56%, with a trading volume of 2,107,700 shares [1] Capital Flow Analysis - The steel sector experienced a net outflow of 293 million yuan from institutional investors, while retail investors saw a net inflow of 292 million yuan [2] - The main capital inflow and outflow for specific stocks included Shougang Co., Ltd. with a net inflow of 12.7 million yuan from main investors [3] - Huazhong Steel (000932) had a net inflow of 77.78 million yuan from main investors, while experiencing a net outflow of 40.31 million yuan from speculative investors [3]

Core Points - The company has elected Mr. Liu Zhengdong as the employee representative director of the ninth board of directors, effective from September 12, 2025 [1] - Mr. Liu meets the qualifications and conditions for directorship as per the Company Law and the company's articles of association [1] - The board composition remains compliant with regulations, ensuring that the number of directors who are also senior management or employee representatives does not exceed half of the total board members [1] Summary by Sections - **Election Announcement** - The company held an employee representative assembly on September 12, 2025, to elect Mr. Liu Zhengdong as the employee representative director [1] - His term will last until the end of the ninth board's term [1] - **Qualifications of Mr. Liu** - Mr. Liu is 55 years old, a member of the Communist Party, and holds a university degree [1] - He has extensive experience in various roles within the Ansteel Group, including positions related to management and legal affairs [1] - **Current Holdings** - Mr. Liu currently holds 550,000 restricted A-shares of the company [2] - He does not have any relationships with other directors, senior management, or significant shareholders as per the relevant regulations [2]

Group 1 - The company announced the election of Liu Zhengdong as the employee representative director of the ninth board of directors during the employee representative assembly scheduled for September 12, 2025 [2] - Liu Zhengdong's term will commence from the date of election approval at the employee representative assembly and will last until the end of the ninth board's term [2]

董事会 股票代码：600231 转债代码：110070 编 号：临 2025-071 股票简称：凌钢股份 转债简称：凌钢转债 凌源钢铁股份有限公司 关于选举职工代表董事的公告 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。 为进一步完善凌源钢铁股份有限公司（以下简称公司）治理结构，根据《中 华人民共和国公司法》（以下简称《公司法》）、《凌源钢铁股份有限公司章程》 （以下简称《公司章程》）等相关规定，公司于 2025 年 9 月 12 日召开职工代表 大会，选举刘政东先生（简历附后）为公司第九届董事会职工代表董事，任期自 本次职工代表大会选举通过之日起至公司第九届董事会任期届满之日止。 刘政 东先生符合《公司法》《公司章程》等规定的关于董事任职的资格和条件，并将 按照有关规定行使职权。 刘政东先生当选公司职工代表董事后，公司董事会中兼任高级管理人员职务 的董事以及由职工代表担任的董事未超过公司董事总人数的二分之一，符合相关 法律法规及规范性文件的要求。 特此公告。 凌源钢铁股份有限公司 2025 年 9 月 16 日 -1- 职 ...

Market Performance - On September 5, the general steel sector rose by 0.55% compared to the previous trading day, with Benxi Steel leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Benxi Steel (000761) closed at 3.68, up 2.51% with a trading volume of 189,800 shares and a transaction value of 69.31 million yuan [1] - Other notable performers include: - Hualing Steel (000932) at 5.90, up 1.90% with a trading volume of 744,000 shares [1] - Liugang (601003) at 5.62, up 1.81% with a trading volume of 258,500 shares [1] - Sijiang Steel (600808) at 3.58, up 1.70% with a trading volume of 724,300 shares [1] Capital Flow Analysis - The steel sector experienced a net outflow of 83.49 million yuan from institutional investors, while retail investors saw a net inflow of 191 million yuan [2] - The capital flow for individual stocks shows: - New Steel (600782) had a net inflow of 23.35 million yuan from institutional investors [3] - Hebei Steel (000709) had a net inflow of 22.33 million yuan from institutional investors [3] - Chongqing Steel (601005) had a net inflow of 22.06 million yuan from institutional investors [3]

Group 1 - The company announced a share repurchase plan with a total expected amount between RMB 50 million and RMB 100 million [1][3] - The repurchase plan was first disclosed on April 22, 2025, and will be implemented within 12 months after board approval [1][3] - The repurchased shares will be used for employee stock ownership plans or equity incentives [1][3] Group 2 - As of August 31, 2025, the company has repurchased a total of 5.7558 million shares, accounting for 0.20% of the total share capital [3][4] - The total amount spent on repurchases so far is RMB 10.7875 million, with a price range of RMB 1.71 to RMB 2.07 per share [3][4] - The company will continue to make repurchase decisions based on market conditions and will fulfill information disclosure obligations [4]

Group 1 - The company announced a share repurchase of 1.8104 million shares, which represents 0.06% of its total share capital [1]

Group 1 - The company, Lingang Co., Ltd. (SH 600231), announced a share buyback of 5.7558 million shares, representing 0.2% of its total share capital, with a total expenditure of RMB 10.7875 million [1][1][1] - The highest and lowest prices for the repurchased shares were RMB 2.07 and RMB 1.71 per share, respectively [1][1][1] - As of the report date, Lingang Co., Ltd. has a market capitalization of RMB 5.9 billion [1][1][1] Group 2 - For the fiscal year 2024, the company's revenue composition indicates that black metal smelting and rolling processing accounted for 94.66% of total revenue, while other businesses contributed 5.34% [1][1][1]