证券代码：600282 证券简称：南钢股份 公告编号：临 2025-017 南京钢铁股份有限公司 本次业绩说明会的主要内容详见附件。 特此公告 南京钢铁股份有限公司董事会 二○二五年三月二十七日 1 附件：南京钢铁股份有限公司 2024 年度业绩说明会主要内容 一、公司 2024 年经营和财务状况 关于 2024 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。 南京钢铁股份有限公司（以下简称"南钢股份"或"公司"）于 2025 年 3 月 26 日（星期三）上午 10:00-11:30 通过上证路演中心视频结合网络互动形式 方式，在上海证券交易所上证路演中心（网址：http://roadshow.sseinfo.com/） 召开了公司 2024 年度业绩说明会。公司董事长黄一新、总裁祝瑞荣、独立董事 潘俊、总会计师梅家秀、董事会秘书唐睿出席了本次业绩说明会。本次业绩说明 会由公司董事会秘书唐睿主持。 公司本次与投资者交流如涉及对行业的预测、公司发展战略规划等相关内 容，不能视作公司或管理层对公司发 ...

证券研究报告 钢铁 报告日期：2025 年 03 月 24 日 业绩逆势增长，产品结构持续优化 ——南钢股份（600282.SH）2024 年报点评报告 华龙证券研究所 最近一年走势 | 当前价格（元） | 4.72 | | --- | --- | | 52 周价格区间（元） | 3.98-5.55 | | 总市值（百万元） | 29,099.23 | | 流通市值（百万元） | 29,099.23 | | 总股本（万股） | 616,509.10 | | 流通股（万股） | 616,509.10 | | 近一月换手（%） | 15.81 | 分析师：景丹阳 执业证书编号：S0230523080001 邮箱：jingdy@hlzq.com 联系人：彭越 执业证书编号：S0230124010004 邮箱：pengy@hlzq.com 事件： 投资评级：增持（首次覆盖） 南钢股份发布 2024 年报：公司实现营业收入 618.11 亿元，同比 下降 14.79%；归属于上市公司股东的净利润 22.61 亿元，同比增长 6.37%；基本每股收益 0.3667 元。 观点： 请认真阅读文后免责条款 市场数据 2025 ...

南钢股份 (600282 CH) 积极调整结构应对行业低迷 | 华泰研究 | | | 年报点评 | | --- | --- | --- | --- | | 2025 年 | 3 月 | 20 日│中国内地 | 普钢 | 南钢股份发布 2024 年年报：实现营收 618.11 亿元（yoy-14.79%），归母净 利 22.61 亿元（yoy+6.37%），扣非净利 21.83 亿元（yoy+15.40%）。其中 Q4 实现营收 125.20 亿元（yoy-22.61%，qoq-19.81%），归母净利 5.07 亿 元（yoy+10.24%，qoq-2.49%）。钢铁行业严峻经营环境下，公司盈利仍保 持强韧性，维持"买入"评级。 2024 年行业低迷，公司积极调整品种结构稳定吨钢毛利 证券研究报告 公司 2024 年钢材产销量分别为 926.74/932.93 万吨（yoy-10.88%/-9.66%）。 价格方面，2024 年钢材销售均价 4330 元/吨（yoy-7.25%）。应对低迷的行 业景气，公司大幅减产毛利率水平低的建筑螺纹（毛利率 2.32%，yoy-4.06 pct），小幅减产盈利水平强的专用 ...

重要内容提示： 被担保人：PT. KinRui New Energy Technologies Indonesia（中文名称：印 尼金瑞新能源科技有限责任公司 ，以下简称"金瑞新能源"）。 本次担保金额及已实际为其提供的担保余额：南京钢铁股份有限公司（以下 简称"公司"，含子公司）为控股子公司金瑞新能源提供总额度不超过15,200万元 的担保。公司2025年已实际为金瑞新能源提供的新增担保余额为0万元，为金瑞新 能源提供的担保余额为16.41亿元（含存续）。前述担保余额不含本次担保。 截至本公告出具日，公司无逾期担保的情形。 本次担保无反担保。 证券代码：600282 证券简称：南钢股份 公告编号：临2025-016 南京钢铁股份有限公司 关于对外提供担保的进展公告 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。 本次担保发生后，公司2025年对金瑞新能源提供的新增担保余额为15,200万元， 可用新增担保额度为288,240万元。 二、被担保人基本情况 被担保人名称：PT. KinRui New Energy Technol ...

Investment Rating - The report maintains a "Buy" rating for the company [6] Core Views - The company demonstrated resilient performance with a net profit of 2.261 billion yuan in 2024, marking a year-on-year increase of 6.37%, despite a 14.79% decline in revenue to 61.811 billion yuan [1][4] - The company is expected to benefit from an improved industry supply-demand structure and has significant valuation recovery potential, with a market value range of approximately 34.6 billion to 48.1 billion yuan based on historical valuation levels [4] Financial Performance - In 2024, the company achieved a gross profit margin of 11.9% and a net profit margin of 3.7%, showing significant improvement compared to previous periods [1][5] - The company’s advanced steel materials sales reached 2.6149 million tons, accounting for 28.03% of total steel sales, with a gross margin of 17.17% [3] Production and Sales - The company produced 9.27 million tons of steel in 2024, a decrease of 10.88% year-on-year, while sales were 9.33 million tons, down 9.66% [2] - The company set a production target of 9.9 million tons for 2025, representing a year-on-year growth of 6.83% [2] Dividend Policy - The company plans to distribute a cash dividend of 0.085 yuan per share for the second half of 2024, which amounts to 1.14 billion yuan, representing 50.45% of the net profit attributable to shareholders [4]

Investment Rating - The report maintains a "Buy" rating for the company [6] Core Views - The company demonstrated resilient performance with a net profit of 2.261 billion yuan in 2024, marking a year-on-year increase of 6.37%, despite a 14.79% decline in revenue to 61.811 billion yuan [1][4] - The company is expected to benefit from an improved industry supply-demand structure and has significant valuation recovery potential, with a market value estimated between 34.6 billion yuan and 48.1 billion yuan [4] Financial Performance - The company achieved a gross profit margin of 11.9% in 2024, with a net profit margin of 3.7% [5] - The advanced steel materials sales reached 2.6149 million tons, accounting for 28.03% of total steel sales, with a gross margin of 17.17% [3] - The company plans to distribute a cash dividend of 0.085 yuan per share for the second half of 2024, totaling 1.14 billion yuan, which represents 50.45% of the net profit attributable to shareholders [4] Production and Sales - In 2024, the company produced 9.27 million tons of steel, a decrease of 10.88% year-on-year, while sales were 9.33 million tons, down 9.66% [2] - The company set a production target of 9.9 million tons for 2025, reflecting a year-on-year growth of 6.83% [2] - Export volume reached 1.505 million tons, a 25% increase year-on-year, establishing a historical record [2] Strategic Developments - The company has strengthened its product structure towards high-end products, with significant growth in advanced steel materials and environmental business contributing to profit [3] - Following its integration into CITIC Group, the company has transitioned to a state-owned enterprise structure, enhancing resource sharing and operational synergy [4]

Core Viewpoint - In 2024, Nanjing Steel Co., Ltd. reported a revenue of 61.81 billion yuan, a year-on-year decrease of 14.79%, while net profit attributable to shareholders increased by 6.37% to 2.26 billion yuan, indicating resilience amid industry challenges [1] Financial Performance - The company achieved a weighted average return on equity of 8.59%, an increase of 0.47 percentage points year-on-year [1] - In Q4 2024, net profit attributable to shareholders was 507 million yuan, a year-on-year increase of 10.24% [1] Strategic Initiatives - Nanjing Steel focuses on "high efficiency, low cost, and intelligent manufacturing" to adapt to market changes, resulting in a 17.46 million yuan reduction in M-end process costs [2] - The company invested 2.45 billion yuan in R&D, accounting for 3.96% of revenue, and completed 24 new product and technology evaluations, achieving international advanced standards [2] Product Development - Advanced steel material sales reached 2.61 million tons, accounting for 28.03% of total steel product sales, with a gross margin of 17.17%, an increase of 1.14 percentage points year-on-year [3] - The company received national patent recognition for four products, including 9% Ni steel and high-grade wear-resistant steel [2] Digital Transformation - Nanjing Steel is implementing a digital transformation strategy, focusing on "data governance + industrial internet + artificial intelligence" to enhance operational efficiency [4] - The company has established a smart manufacturing center and an integrated energy management center, achieving full digital application coverage in production and management [4] Market Performance - In 2024, the company recorded an export order volume of 1.51 million tons, a year-on-year increase of 20%, and an export volume of 1.51 million tons, up 25%, setting a historical high [5] - The company achieved a 100% market share in the ultra-large luxury cruise ship steel segment [5] Environmental Commitment - Nanjing Steel aims to achieve carbon peak by 2030 and carbon neutrality by 2050, completing ultra-low emission transformations across all processes [6] - The company has been recognized as a model for environmental performance, achieving a 100% compliance rate with national clean production standards [6] Shareholder Returns - Since the introduction of its shareholder return plan in 2018, the company has distributed a total of 9.73 billion yuan in dividends, with an average payout ratio exceeding 50% [7] - A cash dividend of 524 million yuan (including tax) is planned for the second half of 2024 [7]

国泰君安证券股份有限公司 关于南京钢铁股份有限公司 2024 年度募集资金存放和实际使用情况的专项核查意见 国泰君安证券股份有限公司（以下简称"国泰君安"或"保荐机构"）作为南 京钢铁股份有限公司（以下简称"南钢股份"或"公司"）2017 年非公开发行股票 的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票上市 规则》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》 和《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定，以 及国泰君安与南钢股份签订的关于保荐工作的协议等文件的相关约定，就公司 2024 年度募集资金的存放和实际使用情况进行了专项核查，具体核查情况如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会《关于核准南京钢铁股份有限公司非公开发行股票 的批复》（证监许可[2017]1299 号）核准，南京钢铁股份有限公司以非公开发行股票 的方式发行人民币普通股（A 股）股票 446,905,000 股，发行价格为 4.00 元/股，募集 资 金 总 额 为 人 民 币 1,787,620,000.00 元 ...