证券代码：600399 证券简称：抚顺特钢 公告编号：2025-019 抚顺特殊钢股份有限公司 关于2024年年度股东大会增加临时提案的公告 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。 一、 股东大会有关情况 1. 股东大会的类型和届次： 四、 增加临时提案后股东大会的有关情况。 2024年年度股东大会 | 股份类别 | 股票代码 | 股票简称 | 股权登记日 | | --- | --- | --- | --- | | Ａ股 | 600399 | 抚顺特钢 | 2025/4/30 | 二、 增加临时提案的情况说明 公司已于2025 年 4 月 12 日公告了 2024 年年度股东大会召开通知，单独或 者合计持有13.99%股份的股东东北特殊钢集团股份有限公司，在2025 年 4 月 27 日提出临时提案并书面提交股东大会召集人。股东大会召集人按照《上市公司股 东大会规则》有关规定，现予以公告。 3. 临时提案的具体内容 2025 年 4 月 28 日，公司第八届董事会第二十一次会议审议通过《公司关于 吸收合并全资子公司的议 ...

证券代码：600399 证券简称：抚顺特钢 公告编号：临 2025-018 抚顺特殊钢股份有限公司 关于吸收合并全资子公司的公告 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，不 存在虚假记载、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"）拟吸收合并 全资子公司抚顺欣兴特钢板材有限公司（以下简称"欣兴板材"）。 本次吸收合并完成后，欣兴板材的法人资格将被注销，其全部资产、 债权、债务、人员、业务及其他一切权利和义务由公司承继。 本事项已经公司第八届董事会第二十一次会议审议通过，尚 需提交股东大会审议。本次吸收合并事项不构成关联交易，也不构成 《上市公司重大资产重组管理办法》规定的重大资产重组。 被合并方欣兴板材为公司全资子公司，其财务报表已纳入公 司合并报表范围，本次吸收合并不会对公司的财务状况和经营成果产 生实质性影响，也不会损害公司及全体股东的利益。 一、本次吸收合并情况概述 为进一步优化管理架构、降低管理成本、提高运营效率,公司于 2025 年 4 月 28 日召开第八届董事会第二十一次会议，审议通过了《 ...

Investment Rating - The report maintains a "Buy" recommendation for several steel companies, including Baosteel, Hualing Steel, and Nanjing Steel [5][6]. Core Viewpoints - The easing of tariff policies has led to a stabilization and rebound in steel prices. The report highlights that the U.S. tariffs on Chinese steel are expected to decrease significantly, although not to zero, indicating potential fluctuations in tariff policies [5]. - The report anticipates that the profitability of steel companies will improve due to expected adjustments in crude steel production and a more relaxed supply of raw materials like iron ore and coking coal [5]. Price Summary - As of April 25, steel prices have increased, with Shanghai's 20mm HRB400 rebar priced at 3200 CNY/ton, up 70 CNY/ton from the previous week. Other price changes include: - High line 8.0mm: 3410 CNY/ton, up 80 CNY/ton - Hot-rolled 3.0mm: 3260 CNY/ton, up 20 CNY/ton - Cold-rolled 1.0mm: 3710 CNY/ton, down 80 CNY/ton - Common medium plate 20mm: 3490 CNY/ton, up 20 CNY/ton [3][12]. Production and Inventory Summary - As of April 25, the production of five major steel products increased to 8.76 million tons, a rise of 31,300 tons week-on-week. Notably, rebar production decreased slightly to 2.2911 million tons. Total inventory of these products decreased by 414,400 tons to 10.8235 million tons [4][5]. - The apparent consumption of rebar was estimated at 2.5994 million tons, down 138,800 tons week-on-week, while daily average sales of construction steel increased by 11.56% [4]. Profitability Analysis - The report indicates an increase in steel profitability, with estimated gross margins for rebar, hot-rolled, and cold-rolled steel changing by +16 CNY/ton, +6 CNY/ton, and -94 CNY/ton respectively. Electric arc furnace steel margins increased by +11 CNY/ton [3][5]. Investment Recommendations - The report recommends focusing on the following companies: - General Steel Sector: Baosteel, Hualing Steel, Nanjing Steel - Special Steel Sector: CITIC Special Steel, Yongjin Co., Xianglou New Materials - Pipe Material: Jiuli Special Materials, Wujin Stainless Steel, Youfa Group - It also suggests paying attention to high-temperature alloy companies like Fushun Special Steel [5].

2025年4月12日，抚顺特钢(600399.SH)发布2024年年报。 公司营业总收入为84.84亿元，在已披露的同业公司中排名第6，较去年同报告期营业总收入减少9066.72万元，同比较去年同期下降1.06%。归母净利润为 1.12亿元，在已披露的同业公司中排名第8，较去年同报告期归母净利润减少2.51亿元，同比较去年同期下降69.18%。经营活动现金净流入为-3.77亿元，在 已披露的同业公司中排名第8，较去年同报告期经营活动现金净流入减少5.57亿元，同比较去年同期下降308.76%。 | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 东北特殊钢集团股份有限公司 | 16.5. | | 2 | 江苏沙钢集团有限公司 | 12.8 | | 3 | 香港中央结算有限公司 | 2.45 | | ব | 中国人寿保险股份有限公司-传统-普通保险产品-005L-CT001沪 | 2.02 | | 5 | 中国人寿保险股份有限公司-分红-个人分红-005L-FH002沪 | 1.01 | | 6 | 招商银行股份有限公司-南方中证1000交易型开放式指数证券投资基金 | 0 ...

➢ 事件：公司发布 2024 年年报。2024 年，公司实现营收 84.84 亿元，同比 减少 1.06%，归母净利润 1.12 亿元，同比减少 69.18%；扣非归母净利 0.98 亿 元，同比减少 72.38%。2024Q4，公司实现营收 20.5 亿元，环比减少 4.97%， 同比减少 10.87%，归母净利润-2.04 亿元，同环比转亏；扣非归母净利-1.97 亿 元，同环比转亏。 ➢ 点评：量利回落承压，减值拖累业绩 ① 量：2024 年，公司特钢销量 45.32 万吨，同比-8.96%，其中合结钢、工具 钢、不锈钢、高温合金、其他钢材销量分别为 20.54、9.06、9.54、0.84、5.33 万吨，同比-20.28%、+32.06%、+1.52%、+4.08%、-23.19%。24Q4，特钢 销量 10.50 万吨，环比-4.55%，同比-24.73%。2025 年，钢材产量指引 51-53 万吨，同比增长 15.61-20.14%。 ② 利：2024 年，公司整体毛利率 12.71%，同比-0.80pct，其中合结钢、工具 钢、不锈钢、高温合金、其他钢材毛利率分别为 18.18%、-3.51 ...

Investment Rating - The report maintains a "Cautious Recommendation" rating for the company [7]. Core Views - The company experienced a decline in revenue and profit in 2024, with revenue of 8.484 billion and a net profit of 112 million, representing a year-on-year decrease of 1.06% and 69.18% respectively [1][5]. - The company is expected to see a recovery in profitability driven by growth in high-end products and contributions from the high-temperature alloy sector [5]. Summary by Relevant Sections Financial Performance - In 2024, the company's special steel sales were 453,200 tons, down 8.96% year-on-year, with specific product sales showing varied performance [2]. - The overall gross margin for 2024 was 12.71%, a decrease of 0.80 percentage points year-on-year [2]. - The fourth quarter of 2024 saw a revenue of 2.05 billion, a decrease of 4.97% quarter-on-quarter and 10.87% year-on-year, with a net profit of -204 million [1][2]. Future Outlook - The company has invested in new equipment, with 35 new devices launched in 2024, enhancing production capabilities for high-end special steel materials [4]. - The high-temperature alloy sector is expected to contribute significantly to future growth, driven by increased demand in defense and aerospace industries [4]. - The company aims to optimize its product mix, with a 14.25% year-on-year increase in orders for high-end products in 2024 [4]. Earnings Forecast - Projected net profits for 2025, 2026, and 2027 are 369 million, 461 million, and 561 million respectively, with corresponding PE ratios of 29x, 23x, and 19x [6][10].

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].

Group 1 - The company operates in the special steel and alloy materials sector, focusing on high-temperature alloys, ultra-high-strength steel, stainless steel, and tool steel, with applications in aerospace, energy, petrochemicals, and transportation [8][14][15] - The company reported a steel production of 603,900 tons in 2024, a decrease of 10.91% year-on-year, and a steel product output of 440,500 tons, down 13.04% year-on-year, while "three high and one special" products increased by 14.25% [18] - The company achieved an operating income of 8.484 billion yuan, a decrease of 1.06% year-on-year, and a net profit of 112 million yuan, down 69.18% year-on-year [18] Group 2 - The steel industry in China is facing overcapacity and weak demand, with traditional sectors like real estate and infrastructure showing only a "weak recovery," while emerging demands in new energy and electric vehicles are growing [4][3] - The global crude steel production in 2024 is projected to be 1.883 billion tons, a year-on-year decrease of 0.8%, with China's crude steel output at 1.005 billion tons, a slight decline [3] - The special steel industry is experiencing intensified competition in mid-low and mid-high-end products, while high-end products still lag behind developed countries in quality and stability [6][7] Group 3 - The company has established long-term procurement agreements with quality suppliers for raw materials, ensuring stable supply channels [10] - The production model is based on customer orders, with a focus on efficiency and flexibility in production planning [11] - The company has implemented a quality monitoring system certified by ISO9001 and AS9100, enhancing its quality management capabilities [13] Group 4 - The company plans to distribute a cash dividend of 0.018 yuan per share, totaling approximately 35.32 million yuan, which accounts for 31.62% of the net profit attributable to shareholders [1] - The company is seeking a comprehensive credit facility of up to 6.5 billion yuan for operational funding in 2025 [46][79] - The company has proposed to continue its bill pool business with a limit of 800 million yuan to improve liquidity and reduce management costs [49][81]

股票代码：600399 股票简称：抚顺特钢 编号：临 2025-009 抚顺特殊钢股份有限公司 关于 2024 年日常关联交易执行情况及 2025 年日常关联交易预计的公告 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。 重要内容提示： 2、独立董事专门会议审议情况 公司独立董事于 2025 年 4 月 1 日召开专门会议，审议通过了《公 司关于2024年日常关联交易执行情况及2025年日常关联交易预计的 议案》，认为该关联交易能够使公司合理运用关联方的资源，获得关 联方在销售、采购业务上支持，保证公司经营和稳定。公司通过这些 日常关联交易能够保证生产经营的正常进行，交易公平、合理，符合 1 公司的整体利益和长远利益，我们同意将该议案提交第八届董事会第 二十次会议审议。 （二）2024 年日常关联交易预计和执行情况 ● 公司 2025 年日常关联交易预计事项尚需提交股东大会审议。 ● 本议案涉及的日常关联交易为公司正常生产经营行为，不影 响公司独立性，不会造成公司对关联方形成较大依赖。 一、日常关联交易的基本 ...

关于本报告 抚顺特殊钢股份有限公司 2024年度 环境、社会和公司治理 (ESG) 报告 Environmental, Social and Governance Report in 2024 办公地址：辽宁省抚顺市望花区鞍山路东段8号 邮政编码:113001 电 话:024-56678441 电子邮件 : dshbgs@fs-ss.com (董事会办公室公共邮箱) 公司网站:www.fs-ss.com C 股票代码 600399 关于本报告 本报告是抚顺特殊钢股份有限公司发布的第三份 ESG 报告，本着客观、规范、透明和全面的原则， 详细披露公司在 2024 年在积极承担社会责任和促进可持续发展等方面的具体举措、重点实践、亮点 案例和关键绩效，旨在回应利益相关方的期望，未来更好地履行社会责任｡ 时间范围 本报告涵盖期间为 2024 年 1 月 1 日至 2024 年 12 月 31 日。为增强本报告的对比性和前瞻性， 部分内容适当追溯以往年份或具有前瞻性描述。 报告范围 本报告以抚顺特殊钢股份有限公司为主体，包括下属分子公司。除特别说明外，本报告范围与本 公司年报范围保持一致。 编制依据 本报告依据《上海证 ...