甘肃明昊律师事务所 关于甘肃酒钢集团宏兴钢铁股份有限公司 2025 年第二次临时股东大会的法律意见书 致：甘肃酒钢集团宏兴钢铁股份有限公司 甘肃明昊律师事务所（以下简称"本所"）接受甘肃酒钢集团宏兴钢铁股份 有限公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下 简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、 中国证券监督管理委员会《上市公司股东会规则》等相关法律法规和规范性文件 以及《甘肃酒钢集团宏兴钢铁股份有限公司章程》（以下简称"《公司章程》"） 的规定，出具本法律意见书。 为了出具本法律意见书，本所审查了贵公司提供的有关本次股东大会的全 部资料。 本所亦根据规定的要求委派律师出席了本次股东大会，并对本次股东大会 召开和表决的程序进行了审核和见证。 本所仅根据本法律意见书出具日以前发生的事实及本所对该事实的了解及 对有关法律的理解发表法律意见。在本法律意见书中，本所仅就本次股东大会所 涉及到的有关法律问题发表意见。贵公司已向本所保证，贵公司向本所提供的文 件和所作的陈述及说明是完整、真实和有效的，且一切足以影响本法律意见书的 事实和文件均已向我所披露，而无任何 ...

Group 1 - The average stock price of A-shares is 13.84 yuan, with 26 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1] - Among the low-priced stocks, 9 are ST stocks, accounting for 34.62% of the total [1] - The Shanghai Composite Index closed at 3954.79 points as of October 31 [1] Group 2 - Among the low-priced stocks, 11 increased in price today, with Jin Zheng Da, Rong Sheng Development, and Ya Bo Shares leading with increases of 2.79%, 2.55%, and 2.31% respectively [1] - Conversely, 9 stocks decreased, with *ST Yuan Cheng, Liao Gang Shares, and Shan Ying International showing declines of 4.88%, 4.47%, and 2.21% respectively [1] - The table lists various low-priced stocks along with their latest closing prices, daily price changes, turnover rates, and industry classifications [1][2]

Core Points - The company reported a total operating revenue of 23.757 billion yuan for the first three quarters of 2025, a year-on-year decrease of 7.77% [1] - The net profit attributable to shareholders was a loss of 711 million yuan, improving from a loss of 1.946 billion yuan in the same period last year [1] - The net cash flow from operating activities was -949 million yuan, an improvement from -1.45 billion yuan in the previous year [1] Financial Data Summary - Total operating revenue for the third quarter was 8.162 billion yuan, a decrease of 0.97% compared to the same period last year [2] - The net profit attributable to shareholders for the third quarter was -61.895 million yuan, with no applicable year-on-year comparison [2] - The net profit excluding non-recurring gains and losses for the third quarter was -67.699 million yuan, with no applicable year-on-year comparison [2] - Basic earnings per share for the third quarter were -0.0099 yuan, with a basic earnings per share of -0.1135 yuan for the year-to-date [2] - The weighted average return on net assets was -0.9037% for the third quarter, an increase of 10.30 percentage points compared to the previous year [2]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][12][13] - The company has initiated a share buyback program, completing the repurchase of 69,991,600 shares, which is 1.117% of the total share capital, at a total cost of approximately RMB 100 million [6][7] - The controlling shareholder, Jiugang Group, plans to increase its stake in the company by investing between RMB 100 million and 200 million over the next 12 months [7] - The company has successfully defended against a lawsuit from Nippon Steel Corporation regarding patent infringement, with the court ruling in favor of the company [8] Financial Data - The financial statements for the third quarter of 2025 have not been audited [3][9] - The company has reported significant financial data and indicators for the third quarter, which will be detailed in the quarterly report [3][10][16] - The company has adhered to new accounting standards starting from 2025, but this does not apply to the current report [10] Shareholder Information - The company has provided details on the number of shareholders and the status of major shareholders, including those holding more than 5% of shares [5] - The company has disclosed the participation of major shareholders in share lending activities, which is not applicable in this report [6] Legal Matters - The company is involved in a legal dispute with Nippon Steel Corporation regarding patent rights, with the court ruling that the company does not infringe on the patent [8]

Core Viewpoint - The company JiuGang Hongxing (SH 600307) reported a decline in revenue and a significant net loss for the third quarter of 2023, indicating challenges in its financial performance [1]. Financial Performance - For the first three quarters of 2023, the company's revenue was approximately 23.757 billion yuan, representing a year-on-year decrease of 7.77% [1]. - The net profit attributable to shareholders of the listed company was a loss of approximately 711 million yuan [1]. - The basic earnings per share were reported as a loss of 0.1135 yuan [1].

Group 1 - The company Jiugang Hongxing (SH 600307) held its 26th meeting of the 8th Board of Directors on October 30, 2025, to review the Q3 2025 report [1] - For the year 2024, the revenue composition of Jiugang Hongxing is as follows: Steel accounts for 90.17%, Other businesses 6.03%, Coking industry 2.33%, Power products 1.42%, and Other industries 0.05% [1]

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》《上市公司 行业信息披露指引第七号-钢铁》相关要求，公司将2025年前三季度主要经营数据公 告如下： 一、 公司主要财务数据： 证券代码：600307 证券简称：酒钢宏兴 公告编号：2025-069 甘肃酒钢集团宏兴钢铁股份有限公司 2025年前三季度主要经营数据公告 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。 二、报告期内，公司主要品种产量、销量、售价情况： | 主要产品 | 生产量 | 销售量 | 平均含税售价 | | --- | --- | --- | --- | | | (万吨) | (万吨) | (元/吨) | | 板带材 | 178.13 | 174.39 | 3,794.53 | | 线棒材 | 436.27 | 425.54 | 3,228.62 | | 不锈钢 | 34.64 | 34.48 | 9,951.77 | | 合计 | 649.04 | 634.41 | —— | 特此公告 甘肃酒钢集团宏兴钢铁股份有限公司董事会 2025年1 ...

证券代码：600307 证券简称：酒钢宏兴 公告编号：2025-068 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十四次会议通知于 2025 年 10 月 20 日以邮件方式发送给各位监事。会议于 2025 年 10 月 30 日以现场方式召开， 会议由监事会主席李月强先生召集主持，应参加表决监事 5 名，实际参加表决监事 5 名，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《公司 2025 年第三季度报告》。 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 年第三季度报告后，发表如下 书面意见： （1）公司 2025 年第三季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 年第三季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 ...

证券代码：600307 证券简称：酒钢宏兴 公告编号：2025-067 甘肃酒钢集团宏兴钢铁股份有限公司 第八届董事会第二十六次会议决议公告 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第八届董事会第二十六次会议通知于 2025 年 10 月 20 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 10 月 30 日以现场结合通讯方式召开，由副董事长杜昕先生召集主持，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 年第三季度报告》； 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，公司董事在全面了解和审核公司 2025 年第三季度报告后，发表如下书面 意见： 甘肃酒钢集团宏兴钢铁股份有限公司董事会 2025年10月31日 （1）公司 2025 年第三季度报告编制和审议 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥8,161,613,819.20, a decrease of 0.97% compared to the same period last year[3] - The net profit attributable to shareholders was a loss of ¥61,895,454.46, with a year-to-date loss of ¥710,621,303.70[3] - Total operating revenue for the first three quarters of 2025 was CNY 23.76 billion, a decrease of 7.8% compared to CNY 25.76 billion in the same period of 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 710.62 million, an improvement from a loss of CNY 1.95 billion in the same period of 2024[19][20] - The company reported a basic and diluted earnings per share of CNY -0.1135 for the first three quarters of 2025, an improvement from CNY -0.3107 in 2024[20] Assets and Liabilities - The total assets increased by 6.39% to ¥50,202,205,955.89 compared to the end of the previous year[4] - As of September 30, 2025, the total assets of the company amounted to RMB 50,202,205,955.89, an increase from RMB 47,187,699,382.09 as of December 31, 2024, reflecting a growth of approximately 4.3%[15][17] - The company's current assets decreased to RMB 8,376,033,303.57 from RMB 9,022,030,734.11, representing a decline of about 7.2%[15] - The total liabilities increased to RMB 43,392,033,581.61 from RMB 39,628,325,103.79, indicating a rise of approximately 9.2%[16][17] - The company's long-term borrowings increased to RMB 15,025,743,595.43 from RMB 10,055,522,000.00, reflecting a significant rise of about 49.5%[16] Cash Flow - Cash flow from operating activities showed a net outflow of ¥948,788,581.07 year-to-date[3] - Cash flow from operating activities showed a net outflow of CNY 948.79 million, compared to a net outflow of CNY 1.45 billion in the previous year[22] - Cash flow from investing activities resulted in a net outflow of CNY 3.24 billion, slightly improved from a net outflow of CNY 3.55 billion in 2024[24] - Cash flow from financing activities generated a net inflow of CNY 3.67 billion, compared to CNY 3.60 billion in the same period of 2024[24] - The total cash and cash equivalents at the end of the period was CNY 1.11 billion, down from CNY 1.92 billion at the end of the same period in 2024[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 186,521[9] - The company completed a share repurchase of 69,991,600 shares, accounting for 1.117% of the total share capital, with a total expenditure of RMB 100,036,312.00[10] - The controlling shareholder, Jiugang Group, has cumulatively increased its stake by 250,918,978 shares, representing 4% of the total share capital, with a total investment of RMB 300 million[11] Research and Development - The company plans to focus on research and development in new energy steel products, as indicated by a 319.95% increase in development expenditures[7] - Research and development expenses for the first three quarters of 2025 were CNY 577.91 million, a decrease of 21.7% from CNY 737.59 million in 2024[19] Legal Matters - The company successfully defended against a patent infringement lawsuit, resulting in a favorable ruling that confirmed no infringement occurred[12] Inventory and Receivables - The accounts receivable increased by 38.09%, attributed to an increase in customer payments[7] - The company's inventory decreased to RMB 4,556,062,376.29 from RMB 4,829,914,943.04, a reduction of approximately 5.6%[15] - The company's retained earnings showed a deficit of RMB 7,637,436,362.57, worsening from a deficit of RMB 6,926,815,058.87[16]