| 证券代码：600231 | 证券简称：凌钢股份 | 公告编号：临 2025-046 | | --- | --- | --- | | 转债代码：110070 | 转债简称：凌钢转债 | | 重要内容提示： 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第二次临时股东会 (二) 股东会召集人：董事会 凌源钢铁股份有限公司 关于召开2025年第二次临时股东会的通知 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。 (三) 投票方式：本次股东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 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 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 股东会召开日期：2025年6月30日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 (四) 现场会议召开的 ...

编 号：临 2025-040 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 凌源钢铁股份有限公司 第九届监事会第十四次会议决议公告 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 本次吸收合并事项不构成关联交易，也不构成《上市公司重大资产重组管理 办法》规定的重大资产重组。根据《上海证券交易所股票上市规则》和《公司章 程》的相关规定，本次吸收合并事项需经"凌钢转债"债券持有人会议和公司股 东会审议。 （三）会议以 3 票同意、0 票反对、0 票弃权的表决结果，审议通过《关于 调整 2025 年度部分日常关联交易金额的议案》。 凌源钢铁股份有限公司第九届监事会第十四次会议于 2025 年 6 月 12 日在公 司会议中心召开，本次会议通知已于 2025 年 6 月 6 日以专人送达、电子邮件方 式发出。会议应参加监事 3 人，实参加 3 人。会议由监事会主席冷松先生召集并 主持，会议的召开符合《公司法》和本公司《章程》规定。会议审议了以下事项： 二、监事会会议审议 ...

编 号：临 2025-039 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 凌源钢铁股份有限公司 第九届董事会第二十七次会议决议公告 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 凌源钢铁股份有限公司（以下简称公司或本公司）第九届董事会第二十七次 会议于 2025 年 6 月 12 日以通讯表决方式召开，本次会议通知已于 2025 年 6 月 6 日以专人送达、电子邮件方式发出。会议应参加董事 9 人，实参加 9 人。会议 由董事长张鹏先生召集并主持。会议的召开符合《公司法》和本公司《章程》规 定。会议审议通过了以下事项： 二、董事会会议审议情况 议案一、会议以 9 票同意、0 票反对、0 票弃权的表决结果，审议通过《关 于取消监事会的议案》。 详 见 《 中 国 证 券 报 》 《 证 券 时 报 》 和 上 海 证 券 交 易 所 网 站 http://www.sse.com.cn 同日刊登的《凌源钢铁股份有限公司关于取消监事会的 公告》。 议案二、会议以 ...

| 证券代码：600231 | 证券简称：凌钢股份 | 公告编号：临 2025-038 | | --- | --- | --- | | 转债代码：110070 | 转债简称：凌钢转债 | | 凌源钢铁股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 二、 回购股份的进展情况 2025 年 6 月 4 日，公司按照股份回购方案实施了首次回购。根据《上市公司 股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》 等相关规定，现将首次回购情况公告如下： 公司于 2025 年 6 月 4 日，以集中竞价交易方式首次回购公司股份数量为 1,262,000 股，占公司目前总股本的比例为 0.04%，成交的最高价为 1.71 元/股， 成交的最低价为 1.71 元/股，成交总金额为 2,158,020 元（不含印花税、交易佣 金等交易费用）。本次回购符合法律法规的有关规定和公司回购股份方案的要求。 重要内容提示： | 回购方案首次披露日 | 2025 年 4 月 日 | 22 | | --- | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 个月 12 | | | 预 ...

Core Viewpoint - The credit rating of Lingyuan Steel Co., Ltd. is maintained at AA with a stable outlook, supported by the strong backing of its actual controller, Ansteel Group, and its competitive advantages in the regional construction materials market [1][3][6] Company Overview - Lingyuan Steel is the only state-owned listed steel enterprise in the western Liaoning region, benefiting from a differentiated competitive advantage in construction materials [1][3] - The company has a total asset value of 151.98 billion yuan as of March 2025, with total liabilities of 98.35 billion yuan, indicating a significant debt load [2][3] Financial Performance - The company has experienced continuous losses, with a net profit of -2.52 billion yuan in the first quarter of 2025, reflecting a worsening financial situation [2][3] - The operating revenue has declined from 215.58 billion yuan in 2022 to 38.81 billion yuan in the first quarter of 2025, indicating a downward trend in sales [2][3] - The EBITDA margin has also deteriorated, with a significant negative EBIT and EBITDA reported in recent years [2][3] Industry Context - The steel industry is facing downward pressure, with steel prices declining and raw material costs remaining high, leading to reduced profitability for companies [4][5] - Despite a potential increase in demand from infrastructure investments, the real estate sector remains weak, negatively impacting steel demand [5][6] Operational Challenges - Lingyuan Steel is undergoing significant capital expenditures for equipment upgrades and environmental compliance, which adds to its financial strain [1][3][6] - The company is also facing challenges related to product structure transformation and the need for technological upgrades to remain competitive [6][7] Market Position - The company maintains a strong market presence in Northeast and North China, with a sales volume heavily reliant on construction materials [10][11] - Lingyuan Steel's product offerings include a range of steel types, with a focus on high-quality rebar and other construction materials [10][11] Future Outlook - The credit rating agency anticipates that Lingyuan Steel's credit level will remain stable over the next 12 to 18 months, contingent on improvements in operational performance and market conditions [1][3] - Potential factors for rating upgrades include significant increases in production capacity and sustained improvements in revenue and profit levels [1][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 2025-037 凌源钢铁股份有限公司 关于可转换公司债券 2025 年跟踪评级结果的公告 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。 公司前次主体信用评级结果为 AA，评级展望为稳定；凌钢转债前次评级结 果为 AA；评级机构为中诚信国际，评级时间为 2024 年 6 月 24 日。 中诚信国际在对公司经营状况及行业发展现状进行综合分析与评估的基础 上，于 2025 年 5 月 29 日出具了《凌源钢铁股份有限公司 2025 年度跟踪评级报 告》，维持公司主体信用等级为 AA，评级展望为稳定；维持凌钢转债信用等级 为 AA。 本次信用跟踪评级报告《凌源钢铁股份有限公司 2025 年度跟踪评级报告》 详见上海证券交易所网站（www.sse.com.cn）。 凌源钢铁股份有限公司董事会 2025 年 5 月 31 日 重要内容提示： 前次债券评级：AA；主体评级：AA；评级展望：稳定 本次债券评级：AA；主体评级：AA；评级展望 ...

凌源钢铁股份有限公司 2025 年度 跟踪评级报告 编号：信评委函字[2025]跟踪 0308 号 凌源钢铁股份有限公司 2025 年度 跟踪评级报告 声 明 中诚信国际信用评级有限责任公司 2025 年 5 月 29 日 2 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议任 何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售或持有相关金融产品的依据。 中诚信 ...

Group 1 - China Merchants Industry announced the termination of the restructuring and spin-off of its subsidiaries, China Merchants Jinling and China Merchants Roll-on Roll-off, due to a lack of consensus on transaction terms and changes in market conditions [2] - Sichuan Road and Bridge is planning a related party transaction to acquire 100% equity and debt rights of Chengdu New Road and Bridge Machinery Co., which is expected to be a related party transaction but not a major asset restructuring [2] - Guotai Junan Securities plans to increase its capital by 1.5 billion yuan to Guotai Junan Futures Co., Ltd. to supplement its net capital [5] Group 2 - Innovation New Materials intends to register and issue short-term financing bonds not exceeding 500 million yuan and medium-term notes not exceeding 1.5 billion yuan to enhance liquidity management [3] - Gree Electric's wholly-owned subsidiary plans to sell 5.9088% equity of Winshang Technology for 62.6333 million yuan, which will improve asset liquidity and cash flow [4] - Yapu Co. plans to purchase approximately 54.5% of Winshang Technology for about 578 million yuan to accelerate its strategic development in key automotive components [6] Group 3 - Deep Highway announced that Yunshan Capital increased its holdings in the company's H-shares by 10.81 million shares, bringing its total shareholding to 254 million shares, accounting for 10% of the total share capital [7] - Aichuang Data plans to procure servers worth up to 4 billion yuan to provide computing power leasing services [8] - Luoping Zinc Electric is transferring 22.4% of its shares to Qujing Development Investment Group, with trading suspension starting from May 28 due to control change planning [9] Group 4 - Zhongke Haixun signed a contract for an information processing subsystem procurement project worth 163 million yuan [10] - Enhua Pharmaceutical's associate company Jiangsu Haoxin Qing plans to go public overseas to expand financing channels and is establishing a red-chip structure [11] - Yunnan Energy Investment has been awarded the development rights for three wind farm projects, including the Fuyuan Nanchong Wind Farm [13]

Group 1: Banking and Financial Services - Multiple bank wealth management subsidiaries are applying for membership in the China Insurance Asset Management Association, with plans for all to join, potentially leading to a name change for the association to encompass the entire banking insurance asset management industry [1] - City commercial banks are gradually lowering deposit rates to align with national banks, reducing their competitive advantage in attracting savings [1] - Industrial and Commercial Bank of China has adjusted its deposit rates for various terms, now aligning with several joint-stock banks [1] Group 2: Automotive Industry - A price war in the Chinese automotive market, initiated by companies like BYD and Geely, is putting significant pressure on suppliers, with profit margins dropping to around 10% and extended payment terms of up to 120 days [2] - Industry experts warn that this price war could lead to supplier losses and potential safety issues in automotive quality [2] Group 3: Technology and Semiconductor - BOE Technology Group has commenced full-scale production of its 6th generation new semiconductor display device production line in Beijing, representing a significant advancement in China's high-end display sector with a total investment of 29 billion yuan and a designed monthly capacity of 50,000 pieces [1] Group 4: Corporate Financial Performance - Xiaomi Group reported a net profit of 10.676 billion yuan for Q1 2025, a year-on-year increase of 64.5%, with total revenue reaching 111.293 billion yuan, up 47.4% [2] - Zhihu reported a net loss of 10.1 million yuan for Q1 2025, a significant reduction of 93.9% compared to the previous year, with total revenue of 730 million yuan [3] Group 5: Legal and Regulatory Issues - Shaanxi Construction Group is involved in 76 litigation and arbitration cases, with a total amount in dispute of 3.02 billion yuan, affecting the company's current and future profits [3] - Sunac Real Estate Group has been executed for a total of 2.52 billion yuan across multiple cases, with over 416 billion yuan in total execution information [5] Group 6: Corporate Governance - Xu Ruizhe has been appointed as the new chairman of LQ Group, taking over from his father, who significantly expanded the company's operations across various sectors [5] Group 7: Market Activity - The Shanghai Composite Index experienced a slight decline of 0.18% amid a trading volume of 998.9 billion yuan, with mixed performance across sectors [10]

Core Viewpoint - The company has announced the upgrade and construction of its blast furnace equipment, specifically the replacement of existing furnaces with new ones, which will increase production capacity from 2.71 million tons to 3.08 million tons [1][2]. Group 1: Project Details - The original plan involved replacing two existing 450m³ furnaces and two 1000m³ furnaces with two 1550m³ furnaces, with a total production capacity of 2.71 million tons per year [1]. - The revised plan now includes replacing the existing furnaces with one 2290m³ furnace and one 1200m³ furnace, resulting in an increased capacity of 3.08 million tons [1][2]. - The replacement ratio has changed from 1.25:1 to 1.1:1 [2]. Group 2: Regulatory Compliance - The project has been verified and approved by the Liaoning Provincial Department of Industry and Information Technology, confirming that it meets the requirements of the "Steel Industry Capacity Replacement Implementation Management Measures" [2]. - The new 2290m³ furnace has been confirmed to align with the announced capacity replacement plan and is deemed ready for production [2].