关于 2025 年第一季度主要经营数据的公告 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》的 相关规定，南京钢铁股份有限公司（以下简称"公司"）现将 2025 年第一季度 的主要经营数据公告如下： 证券代码：600282 证券简称：南钢股份 公告编号：临 2025-023 南京钢铁股份有限公司 | | | 单位：元 | 币种：人民币 | | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 上年同期 | 本报告期比上年同期 | | | | | | 增减变动幅度(%) | | | 营业收入 | 14,352,960,916.09 | 16,872,433,286.28 | | -14.93 | | 归属于上市公司股东的净利润 | 578,440,790.24 | 553,932,298.76 | | 4.42 | | 归属于上市公司股东的扣除非经 常性损益的净利润 | 499,059,123.48 | 427,313 ...

南钢股份（600282）公告，2025年第一季度营收为143.53亿元，同比下降14.93%；净利润为5.78亿元， 同比增长4.42%。 ...

Investment Rating - The report maintains a "Positive" investment rating for the non-ferrous and steel industry [5] Core Viewpoints - Continuous attention is recommended for investment opportunities in the steel sector, especially given the recent changes in tariffs and the domestic market's pricing dynamics [14][8] - The steel industry has experienced a three-year adjustment period, and current valuations present a high cost-performance ratio [14] - The upstream iron ore supply landscape is expected to undergo significant changes, potentially leading to a recovery of profitability within the domestic steel industry [14] Summary by Sections 1. Core Viewpoints - Continuous focus on investment opportunities in the steel sector is emphasized, particularly in light of recent tariff increases and potential economic stagnation in the U.S. [14] - The steel sector has seen a three-year downturn, but current conditions suggest improved profitability and stability for leading companies [14] 2. Steel Market Overview - The weekly consumption of rebar increased to 2.74 million tons, reflecting an 8.37% week-on-week rise [15][18] - The overall price index for common steel decreased by 0.72%, with specific products showing varied price movements [15][37] 3. Industrial Metals - The copper smelting fee has deepened into negative territory, indicating challenges in the copper market [17] - The production costs for electrolytic aluminum have decreased significantly, leading to improved profitability for producers [17] 4. Precious Metals - Gold prices have shown a notable increase, with COMEX gold closing at $3,341.3 per ounce, a 2.65% rise week-on-week [17] - The increase in tariffs is expected to drive demand for gold as a safe-haven asset, suggesting potential investment opportunities in the gold sector [17] 5. New Energy Metals - Lithium production in China saw a significant year-on-year increase of 57.44% in February 2025, indicating strong growth in the new energy sector [16] - The demand for nickel and cobalt remains robust, with notable increases in production and consumption in the electric vehicle market [45][50]

关于召开2025年第一季度业绩说明会的预告公告 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： 会议召开时间：2025 年 4 月 25 日(星期五) 上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/，以下简称"上证路演中心"） 证券代码：600282 证券简称：南钢股份 公告编号：临2025-021 南京钢铁股份有限公司 董事长：黄一新 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 4 月 18 日(星期五)至 4 月 24 日(星期四)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司投资者关系邮箱 IR@600282.net 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 南京钢铁股份有限公司（以下简称"公司"）将于 2025 年 4 月 23 日发布 《南京钢铁股份有限公司 2025 年第一季度报告》，为便于广大投资者 ...

Investment Rating - The report maintains a "Buy" rating for several key companies in the steel industry, including Hualing Steel, Nanjing Steel, Baosteel, and New Steel [8]. Core Insights - The steel industry is experiencing a significant recovery in production and demand, with March crude steel daily output increasing by 5.2% year-on-year and 6.3% month-on-month, indicating a strong recovery in steel mills' production enthusiasm [2][6]. - The apparent consumption of steel in March 2025 reached 82.89 million tons, a year-on-year increase of 4.9%, with a notable acceleration in downstream demand [2]. - The net export of steel in March was 9.96 million tons, up 7.4% year-on-year, driven by price advantages and export factors [3]. Summary by Sections Production and Demand - In March 2025, crude steel production was 92.84 million tons, a year-on-year increase of 4.6%, with a daily average of 2.995 million tons [6]. - The manufacturing sector showed strong growth, with the manufacturing purchasing managers' index (PMI) at 50.5, indicating expansion [2]. Export and Import Trends - March steel exports were 10.46 million tons, a year-on-year increase of 5.7%, while imports decreased by 18.8% [6]. - Iron ore imports in March were 93.97 million tons, down 6.7% year-on-year, influenced by high port inventories [6]. Government Policy and Industry Outlook - The government is expected to continue implementing crude steel production controls to promote industry restructuring, with some steel mills already announcing production cuts [3]. - The report suggests that the steel industry's medium to long-term fundamentals are likely to improve, supported by government fiscal measures and supply-side adjustments [7].

Summary of Conference Call Notes Company and Industry Overview - The conference call primarily discusses the steel industry, focusing on a specific company, which appears to be a leading player in the sector, referred to as "南钢" (Nangang) [1][3][12]. Key Points and Arguments Economic Outlook - The IMF projects a global economic growth rate of 3.2% for 2024, a slowdown from 4.3% in 2023, while China's GDP is expected to grow by 5% [2]. - Global crude steel production is forecasted at 1.883 billion tons in 2024, with China's output at 1.005 billion tons, reflecting a year-on-year increase of 1.7% [2]. Company Performance - The company reported total assets of 69.1 billion yuan, a decrease of 5.5%, with sales of 61.8 billion yuan, down 17.7%. Net profit was 2.192 billion yuan, with earnings per share (EPS) of 0.37 yuan, up 6.38% [3]. - The company has maintained a strong operational efficiency despite market pressures, achieving a production capacity of 10 million tons annually [1][3]. Product and Market Development - The company has received multiple awards for technological advancements, including high-strength steel and applications in various sectors such as renewable energy, shipbuilding, and automotive [4]. - The sales distribution across sectors includes 17.21% for new energy equipment, 19.42% for shipbuilding, and 15.22% for rail transportation [4]. Financial Strategy and Dividends - The company has a consistent dividend policy, maintaining a payout ratio of 50% for 2024, with plans for similar distributions in the future [12][14]. - Cash flow remains strong, with a reported cash inflow of 3.2 billion yuan for 2024, supported by effective inventory management [17]. Challenges and Risks - The company faces challenges from trade protectionism and fluctuating demand in the steel market, particularly in construction and manufacturing sectors [11][21]. - Export dynamics are affected by increased tariffs, particularly from the U.S., but the company has managed to mitigate these impacts due to its focus on specialty steel products [18][19]. Environmental and ESG Initiatives - The company has completed significant emissions reduction projects and is recognized as a leader in environmental practices within the industry [7][10]. - It has achieved various certifications for its products, emphasizing sustainability and compliance with international standards [8]. Future Outlook - The company aims to enhance its product mix towards high-end materials, with a target production increase to 9.9 million tons in 2024 [34]. - There is a focus on maintaining competitive advantages through innovation and differentiation in product offerings [40][41]. Additional Important Content - The company has developed a comprehensive strategy to integrate advanced materials into its production processes, aiming for a higher gross margin from these products [30][31]. - The management emphasizes the importance of adapting to market changes and customer needs, indicating a proactive approach to maintaining market share and profitability [39][40]. This summary encapsulates the key discussions and insights from the conference call, highlighting the company's performance, market conditions, and strategic initiatives within the steel industry.

感谢各位投资者朋友们抽出宝贵的时间来参会首先我来介绍一下出席今天业绩说明会的嘉宾公司董事长黄欣先生公司总裁苏瑞荣先生公司独立董事潘俊先生公司总会计师梅家秀先生我是本次会议的主持人公司的董事会秘书常瑞 本次阶级顺便会分为四个议程董事长致辞管理层介绍公司经营和财务状况征集问题回复以及与投资者网络文字互动回答那么24年钢铁行业复杂多变市场环境复杂多变企业的经营发展存在非常大的压力南钢股份在多重挑战中努力前行全体员工继续应对经营组织生产 努力为股东和社会创造价值今天我们和广大投资者共同探讨公司2024年的经营成果财务状况以及未来的发展战略首先让我们邀请公司董事长黄一新先生为本次业绩说明会致辞有请黄董事长尊敬的各位投资者分析师媒体朋友们以及关心和支持南钢股份发展的 合作伙伴们大家好非常高兴能够与大家相聚在南港股份2024年度一级说明会上首先我先代表南港股份向长期以来关心支持公司发展的各位投资者各界朋友表示衷心的感谢向今天出席粉丝一级说明会的各位嘉宾表示热烈的欢迎 2024年是南港股份奋勇增先 拱肩克难的一年也是我们深化改革创新突破的一年面对复杂多变的市场环境和行业下行的挑战我们始终坚持以客户为中心以创新为驱动以历史发展 ...

Summary of Conference Call Records Company and Industry Overview - The conference call primarily discusses the steel industry, focusing on a specific company, which appears to be a leading player in the steel manufacturing sector, referred to as "南钢" (Nangang) throughout the records. Key Points and Arguments 1. **Economic Growth Projections**: The IMF forecasts a global economic growth rate of 3.2% for 2024, a slowdown from 4.3% in 2023. China's GDP is expected to grow by 5% in 2024, meeting initial economic growth targets [2][11]. 2. **Production and Revenue**: The company reported total assets of 69.1 billion yuan, a decrease of 5.5%. Marketing revenue was 61.8 billion yuan, down 17.7%. Net profit was 2.192 billion yuan, with earnings per share (EPS) of 0.37 yuan, reflecting a growth of 6.38% [3][12]. 3. **Product Development and Innovation**: The company has received multiple awards for technological advancements, including high-strength steel and other innovative materials, which are crucial for various industries such as renewable energy, shipbuilding, and automotive [4][6]. 4. **Market Segmentation**: The sales distribution across different sectors includes renewable energy equipment (17.21%), shipbuilding and marine engineering (19.42%), automotive (17.17%), and rail transportation (15.22%) [4]. 5. **Environmental Initiatives**: The company has completed significant emissions upgrades and is recognized as a leading enterprise in environmental technology, achieving A-level certification in Jiangsu Province for its environmental practices [7][10]. 6. **Financial Performance**: The company has maintained a cash dividend payout ratio of 50% for the year, with a total cash dividend exceeding 9.7 billion yuan since 2018 [10][14]. 7. **Export Challenges**: The company faces challenges in exports due to increased tariffs and trade tensions, particularly with the U.S. and other regions. However, the impact on the company's exports is considered manageable as it primarily exports specialty steel products [18][19]. 8. **Future Production Goals**: The company aims to increase its steel production to 10 million tons in 2025, up from 9.3 million tons in 2023, focusing on high-end steel products to meet market demand [16][34]. 9. **Cash Flow Management**: The company reported a strong cash flow of 3.2 billion yuan for 2024, with effective inventory management contributing to this performance [17][22]. 10. **Product Differentiation**: The company emphasizes its focus on high-end products and innovation, which has allowed it to maintain profitability despite market fluctuations [39][41]. Additional Important Information - **Technological Advancements**: The company has developed various high-performance materials, including nickel-based alloys and advanced steel products, which are essential for modern industrial applications [6][8]. - **Market Dynamics**: The company is adapting to changing market conditions, including shifts in demand for different types of steel products, and is focusing on enhancing its competitive edge through innovation and customer-centric strategies [27][40]. - **Regulatory Environment**: The company is navigating a complex regulatory landscape, particularly concerning environmental standards and trade tariffs, which could impact its operational strategies moving forward [32][33]. This summary encapsulates the key discussions and insights from the conference call, highlighting the company's strategic focus, financial performance, and market challenges within the steel industry.

Investment Rating - The report maintains a "Buy" recommendation for several steel companies, including Baosteel, Hualing Steel, and Nanjing Steel, among others [3][4]. Core Insights - The ongoing escalation of "reciprocal tariffs" has led to a divergence in demand for construction materials and steel plates, with a notable impact on export demand for plates [3][4]. - Domestic steel prices have decreased, with significant drops in various categories, including rebar and cold-rolled steel [8][9]. - The overall steel production has seen a slight decline, with total output for major steel varieties at 8.71 million tons, a decrease of 1.46 million tons week-on-week [2][3]. Price Trends - As of April 11, 2025, the price of 20mm HRB400 rebar in Shanghai is 3,170 CNY/ton, down 50 CNY/ton from the previous week [8][9]. - The prices for hot-rolled and cold-rolled steel have also seen declines, with hot-rolled at 3,330 CNY/ton (down 40 CNY) and cold-rolled at 3,910 CNY/ton (down 100 CNY) [8][9]. Production and Inventory - The production of rebar increased by 3.72 million tons to 2.32 million tons this week, while total inventory decreased by 388,300 tons to 11.76 million tons [2][3]. - The social inventory of rebar decreased by 278,500 tons, while factory inventory increased by 72,500 tons [2][3]. Investment Recommendations - The report suggests focusing on the following companies: 1. Baosteel, Hualing Steel, Nanjing Steel in the general steel sector 2. CITIC Special Steel, Yongjin Co., and Xianglou New Materials in the special steel sector 3. Jiuli Special Materials, Wujin Stainless Steel, and Youfa Group in the pipe materials sector [3][4]. - It also recommends paying attention to high-temperature alloy stocks, specifically Fushun Special Steel [3]. Profitability Analysis - The report indicates a decrease in long-process steel profits, with rebar, hot-rolled, and cold-rolled margins down by 19 CNY/ton, 41 CNY/ton, and 38 CNY/ton respectively [1][3]. - Short-process electric furnace steel profits have seen a slight increase [1][3]. International Market Overview - The U.S. steel market prices have remained stable, with hot-rolled coil prices at 1,040 USD/ton and cold-rolled at 1,270 USD/ton [21][23]. - European steel prices have increased, with hot-rolled prices at 715 USD/ton, up 25 USD from the previous week [21][23]. Raw Material Market - Domestic iron ore prices have shown a mixed trend, with some prices declining, such as Brazilian powder at 850 CNY/ton, down 35 CNY [26][27]. - Scrap steel prices have also decreased, with a current price of 2,030 CNY/ton, down 60 CNY from last week [26][27].

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： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 （一）股东大会召开的时间：2025年4月9日 （二）股东大会召开的地点：南京市六合区卸甲甸幸福路8号南钢办公楼203会议室 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ （四）表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，采用现场投票和网络投票相结合的方式表决。本次会议由公司董事长 黄一新主持。会议的召集、召开及表决方式符合《公司法》等法律、法规、规范性文件及《南京钢铁股 份有限公司章程》《南京钢铁股份有限公司股东大会议事规则》的规定。 （五）公司董事、监事和董事会秘书的出席情况 1、公司在任董事9人，出席9人，其中副董事长李国忠，董事杨峰、郭家骅、肖玲，独立董事施设、潘 俊通过腾讯会议系统参会； （一）非累积投票议案 1、议案名称：2024年度财务决算报告 审议结果：通过 表决情况： ■ 2、议案名称：2024年下半年度利润分配方 ...