抚顺特殊钢股份有限公司 2025 年半年度业绩预亏公告 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，没 有虚假记载、误导性陈述或重大遗漏，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。 重要内容提示： ●抚顺特殊钢股份有限公司（以下简称"公司"）预计 2025 年 半年度实现归属于上市公司股东的净利润为-26,000.00 万元至 -30,000.00 万元，与上年同期相比减少 214.06%至 231.60%。 ●公司预计2025年半年度实现归属于上市公司股东的扣除非经 常性损益的净利润为-26,000.00万元至-30,000.00万元，与上年同期 相比减少217.24%至235.27%。 证券代码：600399 证券简称：抚顺特钢 公告编号：临 2025-029 一、本期业绩预告情况 （一）业绩预告期间 2、经财务部门初步测算，公司预计2025年半年度实现归属于上 市公司股东的扣除非经常性损益的净利润为-26,000.00万元至 -30,000.00万元，与上年同期相比减少217.24%至235.27%。 3、本期业绩预告数据未经会计师事务所审计。 二、上年同期业绩情况 1 （一）归 ...

Core Viewpoint - Fushun Special Steel (600399) expects a significant decline in net profit for the first half of 2025, projecting a loss between 260 million to 300 million yuan, which represents a decrease of 214.06% to 231.60% compared to the same period last year [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, to also be between 260 million to 300 million yuan, reflecting a decrease of 217.24% to 235.27% year-on-year [1] - The performance forecast data has not been audited by an accounting firm [1] Market Conditions - The decline in performance is attributed to a decrease in both orders and prices for some of the company's products due to market demand [1] - New projects are gradually being put into production, but the actual output is lower than expected due to the steel industry's market environment, leading to an increase in fixed costs per unit of product [1]

Investment Rating - The report maintains a "Buy" recommendation for the steel sector, highlighting specific companies within the industry [3][4]. Core Insights - The report indicates that iron water remains at a high level, with strong cost support. Although there is a long-term downward trend in iron water, the short-term decline is relatively slow. The supply of iron ore has not yet been released, solidifying the cost bottom in the short term [3][4]. - The overall production and inventory levels of steel are at low points year-on-year, with no significant supply-demand contradictions. The profitability of steel companies is expected to recover due to the optimization of crude steel supply and the gradual release of new iron ore production capacity [3][4]. Summary by Sections Price Trends - As of June 27, steel prices showed mixed trends, with rebar prices at 3,090 CNY/ton (up 20 CNY), high line prices at 3,300 CNY/ton (up 30 CNY), hot-rolled prices stable at 3,240 CNY/ton, cold-rolled prices down 20 CNY to 3,490 CNY/ton, and medium plate prices down 20 CNY to 3,280 CNY/ton [1][10][11]. Production and Inventory - The total production of five major steel varieties reached 8.81 million tons, an increase of 124,800 tons week-on-week. The apparent consumption of rebar was estimated at 2.1991 million tons, up 0.72 million tons from the previous week [2][3]. Profitability - The report estimates that the gross profit for rebar, hot-rolled, and cold-rolled steel changed by +1 CNY/ton, +5 CNY/ton, and -21 CNY/ton respectively compared to the previous week. Electric arc furnace steel saw a decrease of 6 CNY/ton in gross profit [1][3]. Investment Recommendations - Recommended stocks include: 1. General steel sector: Baosteel, Hualing Steel, Nanjing Steel 2. Special steel sector: Xianglou New Materials, CITIC Special Steel, Yongjin Co. 3. Pipe materials: Jiuli Special Materials, Youfa Group, Wujin Stainless Steel - Suggested to pay attention to high-temperature alloy stocks: Fushun Special Steel [3][4]. Key Company Earnings Forecasts - Baosteel (600019.SH): EPS forecast for 2024A at 0.34 CNY, PE at 19, rated as "Buy" - Hualing Steel (000932.SZ): EPS forecast for 2024A at 0.29 CNY, PE at 15, rated as "Buy" - Nanjing Steel (600282.SH): EPS forecast for 2024A at 0.37 CNY, PE at 11, rated as "Buy" [3].

Investment Rating - The report maintains a "Buy" recommendation for the steel sector, highlighting specific companies for investment [3]. Core Viewpoints - The steel market is experiencing weak supply and demand, leading to price fluctuations. As of June 20, 2025, the price of 20mm HRB400 rebar in Shanghai is 3070 CNY/ton, unchanged from the previous week [1][10]. - Steel profits have increased slightly, with rebar, hot-rolled, and cold-rolled steel margins changing by +6 CNY/ton, +20 CNY/ton, and -26 CNY/ton respectively [1][3]. - Steel production has risen, with a total output of 8.69 million tons for major steel products, a week-on-week increase of 96,600 tons [2][3]. Summary by Sections Price Trends - As of June 20, 2025, various steel prices show mixed trends, with rebar prices stable at 3070 CNY/ton, hot-rolled steel increasing by 40 CNY/ton to 3240 CNY/ton, and cold-rolled steel decreasing by 30 CNY/ton to 3510 CNY/ton [1][10][11]. Production and Inventory - The total production of major steel products reached 8.69 million tons, with rebar production increasing by 46,100 tons to 2.12 million tons. Total social inventory decreased by 144,300 tons to 9.12 million tons [2][3]. Profitability - The report indicates a slight increase in steel profitability, with long-process steel margins showing minor increases while short-process margins have decreased [1][3]. Investment Recommendations - The report suggests focusing on the following companies: - For flat steel: Baosteel, Hualing Steel, Nanjing Steel - For special steel: Xianglou New Materials, CITIC Special Steel, Yongjin Co. - For pipe materials: Jiuli Special Materials, Youfa Group, Wujin Stainless Steel - Additionally, it recommends paying attention to high-temperature alloy companies like Fushun Special Steel [3].

穆立峰先生及陈本柱先生具备担任上市公司高级管理人员相关 的专业知识、工作经验和管理能力，任职资格符合《公司法》《上 海证券交易所股票上市规则》等法律法规和规范性文件的规定。穆 立峰先生及陈本柱先生未受过中国证监会及其他有关部门的处罚或 证券交易所惩戒，不存在《公司法》等法律法规及规范性文件规定 的不得担任公司高级管理人员的情形。 证券代码：600399 证券简称：抚顺特钢 公告编号：临 2025-028 抚顺特殊钢股份有限公司（以下简称"公司"）于 2025 年 6 月 18 日召开第八届董事会第二十三次会议,审议通过了《关于聘任副 总经理的议案》。根据《公司法》等法律法规以及《公司章程》的 规定，经公司董事长兼总经理孙立国先生提名，董事会提名委员会 审核，董事会同意聘任穆立峰先生、陈本柱先生（简历附后）为公 司副总经理,任期自本次董事会审议通过之日起至第八届董事会任期 届满之日止。 抚顺特殊钢股份有限公司 关于聘任副总经理的公告 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， 没有虚假记载、误导性陈述或重大遗漏，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。 特此公告。 二〇二五年六月十九 ...

Core Points - The company has appointed two new deputy general managers, Mu Lifeng and Chen Benzhu, effective from the date of the board's approval until the end of the eighth board term [1][2] - Both appointees possess the necessary professional knowledge, work experience, and management capabilities to hold senior management positions in a listed company [1] - The appointments comply with relevant laws and regulations, and neither appointee has faced penalties from the China Securities Regulatory Commission or other relevant authorities [1] Summary of Appointees - Mu Lifeng, born in June 1981, holds a bachelor's degree in Material Forming and Control Engineering from Heilongjiang University of Science and Technology and has served in various roles within the company, including as the plant manager [2] - Chen Benzhu, born in March 1977, graduated from Anhui University with a degree in Management Engineering and has held significant positions in Shagang Group before joining the company as deputy general manager [2]

北京金诚同达律师事务所 关于 抚顺特殊钢股份有限公司 差异化权益分派事项的 法律意见书 中国北京市建国门外大街1号国贸大厦A座十层 100004 电话：010-5706 8585 传真：010-8515 0267 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所（以下简称"本所"）接受抚顺特殊钢股份有限公 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》"）、《上市公司股份 回购规则》（以下简称"《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》（以下简称"《回购指引》"）、《上海证券交易所上市公 司自律监管指南第 2 号——业务办理（2025 年 4 月修订）》（以下简称"《业务 办理指南》"）及其他有关法律、行政法规、部门规章及规范性文件的规定，并按 照律师行业公认的业务标准、道德规范和勤勉尽责精神，就公司 2024 年度利润 分配所涉及的差异化权益分派（以下简称"本次差异化权益分派"）相关事项出 具本法律意见书。 本所律师声明： 1.本所及经办律师依据《公司法》《证券法》《回购规则》 ...

证券代码：600399 证券简称：抚顺特钢 公告编号：2025-027 抚顺特殊钢股份有限公司 2024年年度权益分派实施公告 截至股权登记日 2025 年 6 月 11 日下午上海证券交易所收市后，在中国证券登记结算有 限责任公司上海分公司（以下简称"中国结算上海分公司"）扣除公司回购专用账户后登记在 册的本公司全体股东。 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： 每股分配比例 A 股每股现金红利0.018元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/11 | － | 2025/6/12 | 2025/6/12 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 9 日的2024年年度股东大会审议通过。 二、 分配方案 3. 差异化分红送转方案： （1）差异化分红方案 2025 年 5 月 9 日，公 ...

Investment Rating - The report maintains a "Buy" rating for several steel companies including Baosteel, Hualing Steel, and Nanjing Steel, among others [5]. Core Viewpoints - The report indicates that pig iron prices are gradually declining, leading to a slight recovery in steel profits. The raw material costs are expected to ease further, which may enhance the profitability of steel companies [5]. - Economic data from January to April shows a continued weakness in the real estate sector, while automotive production maintains year-on-year growth. The potential for crude steel production regulation is increasing amid uncertain external demand and weak domestic recovery [5]. Price Trends - As of May 23, steel prices have decreased, with Shanghai's 20mm HRB400 rebar priced at 3160 CNY/ton, down 40 CNY/ton from the previous week. Other steel products also saw price declines [3][11]. - The report details specific price changes for various steel products, indicating a general downward trend in prices over the past week [12]. Production and Inventory - As of May 23, the production of five major steel products increased to 8.72 million tons, a rise of 40,900 tons week-on-week. However, the total inventory of these products decreased by 331,000 tons to 9.5954 million tons [4]. - The apparent consumption of rebar is estimated at 2.4713 million tons, reflecting a decrease of 131,600 tons week-on-week [4]. Profitability Analysis - The report notes an increase in profits for plate products, with long-process rebar, hot-rolled, and cold-rolled margins changing by 0 CNY/ton, +23 CNY/ton, and +69 CNY/ton respectively compared to the previous week [3]. Investment Recommendations - The report recommends several companies for investment: 1. General steel sector: Baosteel, Hualing Steel, Nanjing Steel 2. Special steel sector: CITIC Special Steel, Yongjin Co., and Xianglou New Materials 3. Pipe materials: Jiuli Special Materials, Wujin Stainless Steel, Youfa Group - It also suggests paying attention to high-temperature alloy stocks like Fushun Special Steel [5].

华夏时报记者李凯旋北京报道 值得关注的是，方大特钢今年一季度的利润可以说是非常优异。2024年，方大特钢的营业收入为215.59亿元，同 比下降18.67%；归属于上市公司股东的净利润为2.48亿元，同比下降64.02%。对比来看，今年一季度，方大特钢 用了3个月的时间便赚了去年一年的利润。 有人盈利增加，但有人盈利大幅下降，甚至出现亏损。数据显示，抚顺特钢今年一季度的营业收入为17.56亿元， 同比下降15.25%；归属于上市公司股东的净利润则为-1.25亿元，同比下降209.33%。关于亏损的原因，抚顺特钢 方面表示，受行业竞争加剧影响，公司产销量及产品价格均比同期有不同程度的减少和下降。 西宁特钢今年一季度则处于亏损状态，财务压力较大。数据显示，今年一季度，西宁特钢的营业收入为11.06亿 元，同比下降4.87%；归属于上市公司股东的净利润为-1.49亿元。 《华夏时报》记者注意到，西宁特钢在2024年就出现了较大额度的亏损。数据显示，2024年，西宁特钢的营业收 入为57.17亿元，同比增加15.75%；归属于上市公司股东的净利润为-8.63亿元，同比下降151.19%。2024年，西宁 特钢进行了重 ...