Group 1 - The company Jiugang Hongxing (SH 600307) announced its eighth board meeting on August 25, 2025, where it reviewed the 2025 semi-annual report and summary [1] - For the year 2024, Jiugang Hongxing's revenue composition is as follows: steel accounts for 90.17%, other businesses for 6.03%, coking industry for 2.33%, power products for 1.42%, and other industries for 0.05% [1] - As of the report date, Jiugang Hongxing has a market capitalization of 11 billion yuan [1] Group 2 - The pet industry is experiencing a significant boom, with a market size of 300 billion yuan, leading to rising stock prices for industry-listed companies [1]

独立董事经审核后一致认为：公司此次对 2025 年度部分日常关联交 易预计事项进行补充调整，是基于公司正常的业务需要所调整，能够保证 公司生产经营的稳定，定价公允、交易公平合理，符合公司整体利益和长 远利益，不存在损害公司及股东特别是中小股东利益的情形，该关联交易 事项不会对公司独立性产生影响，调整日常关联交易事项的议案亦符合国 家有关法律、法规和政策的规定，我们同意将该议案提交公司第八届董事 会第二十二次会议、临时股东大会审议。 独立董事：田飚鹏、贾萍、刘朝建 2025 年 8 月 22 日 甘肃酒钢集团宏兴钢铁股份有限公司 独立董事 2025 年（第三次）专门会议审核意见 根据《公司法》《上市公司独立董事管理办法》《上海证券交易所上 市公司自律监管指引第 1 号—规范运作》等相关法律法规、规范性文件以 及《公司章程》《公司独立董事工作制度》等有关规定，甘肃酒钢集团宏 兴钢铁股份有限公司（以下简称"公司"）第八届董事会独立董事召开 2025 年（第三次）专门会议对《公司关于调整 2025 年度部分日常关联交 易预计的议案》进行审核后，发表专项审核意见如下： ...

Group 1 - The company reported a total operating revenue of 15.595 billion yuan for the first half of 2025, representing a year-on-year decrease of 10.96% [1] - The net profit attributable to shareholders of the parent company was -649 million yuan, which is an improvement of 320 million yuan compared to the same period last year [1] - The basic earnings per share were -0.1036 yuan [1]

1.审议通过了《公司 2025 年半年度报告及摘要》； 根据《中华人民共和国证券法》第八十二条的规定和中国证券监督管理委员会文 件的有关要求，公司监事在全面了解和审核公司 2025 年半年度报告后，发表如下书 面意见： （1）公司 2025 年半年度报告能够真实地反映公司的财务状况、经营成果和现金 流量情况； （2）公司 2025 年半年度报告所披露的信息不存在虚假记载、误导性陈述或者重 大遗漏，并保证其内容的真实性、准确性和完整性； （3）公司严格遵守《上海证券交易所股票上市规则》及信息披露管理制度中有 关的保密规定，在提出本意见前，公司监事会未发现参与半年度报告编制和审议的人 员有违反保密规定的行为。 证券代码：600307 证券简称：酒钢宏兴 公告编号：2025-048 甘肃酒钢集团宏兴钢铁股份有限公司 第八届监事会第十二次会议决议公告 本公司监事会及全体监事保证公告内容的真实、准确和完整，对公告的虚假记载、 误导性陈述或者重大遗漏负连带责任。 甘肃酒钢集团宏兴钢铁股份有限公司第八届监事会第十二次会议通知于 2025 年 8 月 15 日以邮件方式发送给各位监事。会议于 2025 年 8 月 25 日以 ...

第八届董事会第二十二次会议决议公告 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个别及连带责任。 甘肃酒钢集团宏兴钢铁股份有限公司 证券代码：600307 证券简称：酒钢宏兴 公告编号：2025-047 表决结果：同意 5 票 反对 0 票 弃权 0 票 该议案尚需提交公司股东大会审议。 3.审议通过了《公司关于财务公司风险评估报告的议案》； 甘肃酒钢集团宏兴钢铁股份有限公司第八届董事会第二十二次会议通知于 2025 年 8 月 15 日以邮件方式发送给各位董事、监事及高级管理人员。会议于 2025 年 8 月 25 日以现场结合通讯方式召开，由董事长秦俊山先生召集主持，应参加表决的董事 8 人， 实际表决的董事 8 人，公司监事、高级管理人员列席了本次会议。会议符合《公司法》 和《公司章程》的有关规定。会议以记名投票的方式审议并通过了以下议案： 1.审议通过了《公司 2025 年半年度报告及摘要》； 根据《中华人民共和国证券法》第八十二条的规定和中国证券监督管理委员会文件 的有关要求，与会董事在全面了解和审核公司 2025 年半年度 ...

Core Points - The board of directors of Gansu Jiugang Group Hongxing Steel Co., Ltd. held its 22nd meeting of the 8th session, where all 8 participating directors voted in favor of the resolutions presented [1][2] - The board reviewed and approved the 2025 semi-annual report, confirming that it accurately reflects the company's operational results and financial status for the first half of 2025 [1][2] - The company ensured compliance with relevant regulations and internal control systems during the preparation and review of the semi-annual report [1][2] Voting Results - The voting results for various resolutions showed unanimous support, with 8 votes in favor and no votes against or abstentions [2] - A specific resolution regarding the adjustment of the estimated amount for certain daily related transactions for 2025 was approved with 5 votes in favor, requiring further submission to the shareholders' meeting for approval [2] - The board also reported on the execution of resolutions from the first half of the year and the general manager's work report for the same period [2]

Core Viewpoint - The supervisory board of Gansu Jiugang Group Hongxing Steel Co., Ltd. has approved the 2025 semi-annual report, confirming its accuracy and compliance with relevant regulations [1][2]. Group 1 - The supervisory board held its 12th meeting of the 8th session, with all 5 members present, and the meeting complied with the Company Law and Articles of Association [1]. - The board issued a written opinion stating that the 2025 semi-annual report accurately reflects the company's financial status, operational results, and cash flow [1]. - The report does not contain any false records, misleading statements, or significant omissions, ensuring the authenticity, accuracy, and completeness of its content [1][2]. Group 2 - The company has adjusted certain expected daily related transactions for 2025 based on normal operational needs, ensuring fair pricing and compliance with regulations [2]. - The voting results for the adjustment proposal were unanimous, with 5 votes in favor, 0 against, and 0 abstentions, indicating strong support from the supervisory board [2]. - The proposal will be submitted for approval at the company's shareholders' meeting [2].

Financial Performance - The company's operating revenue for the first half of 2025 was approximately RMB 15.60 billion, a decrease of 10.96% compared to RMB 17.52 billion in the same period last year[21]. - The net profit attributable to shareholders for the reporting period was a loss of approximately RMB 648.73 million, an improvement from a loss of RMB 968.87 million in the previous year[21]. - The net cash flow from operating activities was negative at approximately RMB 1.61 billion, compared to a negative RMB 980.42 million in the same period last year[21]. - The total assets increased by 7.41% to approximately RMB 50.69 billion from RMB 47.19 billion at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 8.89% to approximately RMB 6.89 billion from RMB 7.56 billion at the end of the previous year[21]. - The basic earnings per share for the first half of 2025 was -0.1036 yuan, compared to -0.1547 yuan in the same period last year[19]. - The weighted average return on net assets was -8.98%, an improvement from -10.01% in the previous year[19]. - The company reported a total loss of RMB 1,856.44 million from futures trading after hedging against corresponding spot losses, indicating a significant impact on financial performance[38]. - The company incurred a comprehensive loss of -648,725,849.24 RMB during the first half of 2025, reflecting challenges in profitability[110]. Operational Efficiency - The company implemented 226 operational measures to achieve stable growth, resulting in a 52.4% improvement in company-level benchmarking indicators[29]. - The company reduced raw material costs by optimizing procurement strategies and increasing the purchase of low-cost local resources[30]. - The company completed the upgrade of its steelmaking continuous casting project one month ahead of schedule, enhancing production efficiency[31]. - In the first half of 2025, the company produced 4.4094 million tons of steel and sold 4.055 million tons, generating revenue of 15.595 billion yuan, with a net profit attributable to shareholders of -649 million yuan[28]. Market and Product Development - The company has a steel production capacity exceeding 10 million tons annually, focusing on high-quality building materials and premium plate production in the northwest region[24]. - The company successfully produced and sold non-magnetic round steel, expanding its product range in the non-magnetic steel category[30]. - The company is actively expanding its market presence in the northwest region, improving sales and resource allocation[30]. - The company plans to enhance its product structure and continue developing high value-added products to adapt to new national development demands, addressing external risks[42]. Financial Management and Risks - The company has implemented strict financial management measures to mitigate cash flow risks, including optimizing resource allocation and controlling expenses[45]. - The company faces significant operational risks due to external uncertainties, including tariff barriers and geopolitical conflicts, which may impact international trade growth[42]. - The company has established independent risk control positions to ensure compliance and manage risks associated with its hedging activities, with no uncontrollable risks reported during the period[38]. - The company reported an investment loss of CNY 10.12 million in the first half of 2025, compared to a gain of CNY 35.59 million in the first half of 2024[98]. Shareholder and Governance - The company did not propose any profit distribution or capital reserve transfer to increase share capital during the reporting period[4]. - The company held 3 board meetings, 2 supervisory meetings, and 2 shareholder meetings in the first half of 2025, enhancing governance structure and protecting shareholder rights[47]. - The company has made commitments to avoid competition with its controlling shareholder, Jiu Steel Group, following a major asset restructuring completed in 2009[61]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[63]. Legal and Compliance - The company is involved in significant litigation, including a patent infringement case with Nippon Steel Corporation, with a claim amount of ¥4,200,000 (approximately $420,000) pending appeal[64]. - Another ongoing litigation involves Xiamen International Trade Group, with a claim amount of ¥3,900,000 (approximately $390,000), which has also been appealed[64]. - The company is facing a lawsuit from Gansu Gonghang Travel Cloud Chain Service Management Co., Ltd. for ¥5,317,000 (approximately $531,700), with the case still pending[64]. - The company has maintained compliance with legal and regulatory requirements, ensuring no significant debts remain unpaid[66]. Capital Structure and Financing - The company's long-term borrowings increased by 45.19% to approximately ¥14.60 billion, indicating a strategic increase in financing[36]. - The company initiated a share repurchase program on May 15, 2025, repurchasing 69,991,600 shares, which is 1.117% of the total share capital, at a total cost of RMB 100 million[46]. - The company has provided guarantees totaling CNY 4.98 billion, which represents 72.33% of the company's net assets[76]. - The company has a total of CNY 440 million in credit lines with Jiuquan Steel Group Financial Co., of which CNY 350 million has been utilized[72]. Research and Development - Research and development expenses decreased by 13.71% to approximately ¥438.57 million, indicating a reduction in R&D investment[35]. - The company has submitted multiple technology projects for awards and funding, indicating ongoing commitment to innovation and development[32]. - The company launched 3 key projects that won awards, including the second prize of the China Metallurgical Science and Technology Award, enhancing its innovation capabilities[51]. Accounting and Financial Reporting - The company follows specific accounting policies, including methods for recognizing expected credit losses and inventory valuation[123]. - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial position and performance of the group[135]. - The company assesses expected credit losses based on the weighted average of credit losses of financial instruments, considering the risk of default[159]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[132].

Core Viewpoint - The company reported a decline in revenue and an increase in net loss for the first half of 2025 compared to the same period last year [1] Financial Performance - The operating revenue for the first half of 2025 was 15.595 billion yuan, representing a year-on-year decrease of 10.96% [1] - The net loss attributable to shareholders of the listed company was 649 million yuan, compared to a net loss of 969 million yuan in the same period last year [1]

证券代码：600307 证券简称：酒钢宏兴 公告编号：2025-049 甘肃酒钢集团宏兴钢铁股份有限公司 关于调整 2025 年度部分日常关联交易预计额度的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整,对公告的虚假记载、 误导性陈述或者重大遗漏承担个别及连带责任。 重要内容提示： 按照《上海证券交易所股票上市规则》《公司章程》的有关规定，本次补充调整 事项尚需提交股东大会审议。 本次调整部分日常关联交易预计事项，是基于公司正常生产经营需要而发生，关 联交易定价合理公允，不存在损害公司及中小投资者利益的情形，亦不会对公司的独 立性产生影响。 一、日常关联交易情况 （一）本次补充调整部分日常关联交易预计履行的程序 2025 年 8 月 22 日，独立董事贾萍女士就《公司关于调整 2025 年度部分日常关联 交易预计的议案》组织独立董事召开了 2025 年（第三次）专门会议，3 名独立董事对 议案进行审核后发表了审核意见。 2025 年 8 月 25 日，公司以现场结合通讯方式组织召开了第八届董事会第二十二 次会议，审议通过了《公司关于调整 2025 年度部分日常关联交易预计的议案》。 关联董事秦俊山 ...