证券代码：600408 证券简称：安泰集团 编号：临 2023-031 山西安泰集团股份有限公司 关于向特定对象发行股票申请 收到上海证券交易所审核问询函的公告 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。 山西安泰集团股份有限公司（以下简称"公司"）于 2023 年 8 月 15 日收到 上海证券交易所（以下简称"上交所"）出具的《关于山西安泰集团股份有限公司向 特定对象发行股票申请文件的审核问询函》（上证上审（再融资）〔2023〕587 号） （以下简称"《问询函》"），上交所审核机构对公司向特定对象发行股票申请文件 进行了审核，并形成了首轮问询问题。 公司与相关中介机构将按照上述《问询函》的要求，对《问询函》中的相关 问题进行逐项落实，并及时提交对《问询函》的回复，回复内容将通过临时公告 方式及时披露，并通过上交所发行上市审核业务系统报送相关文件。 公司本次向特定对象发行股票事项尚需通过上交所审核，并获得中国证券监督 管理委员会（以下简称"中国证监会"）作出同意注册的决定后方可实施，最终 能否通过上交所审核，并获得中国 ...

上海证券交易所文件 上证上审（再融资）〔2023〕587 号 关于山西安泰集团股份有限公司向特定对象 发行股票申请文件的审核问询函 山西安泰集团股份有限公司、东北证券股份有限公司： 根据《证券法》《上市公司证券发行注册管理办法》《上海 证券交易所上市公司证券发行上市审核规则》等有关法律、法规 及本所有关规定等，本所审核机构对山西安泰集团股份有限公司 （以下简称发行人或公司）向特定对象发行股票申请文件进行了 审核，并形成了首轮问询问题。 1.关于本次募投项目 - 1 - 根据申报材料，1）发行人主营业务产品主要包括焦炭及其 副产品、型钢、电力等。本次募集资金拟投入"山西宏安焦化科 技有限公司 150t/h 干熄焦及配套余热综合利用项目"和"山西安 ─────────────── 泰集团股份有限公司 30000m³/h 焦炉煤气制氢项目"，建设完成 后将实现焦炭生产的环保升级，以及新增燃料氢气的产能；2） 本次两个项目的节能审查意见均尚未取得。 请发行人说明：（1）本次募投项目是否涉及新产品、新技 术，与公司现有业务及前次募投项目的区别与联系，本次募集资 金是否投向主业；（2）本次募投项目的准备和进展情况，是否 ...

上海证券交易所文件 上证上审（再融资）〔2023〕587 号 关于山西安泰集团股份有限公司向特定对象 发行股票申请文件的审核问询函 山西安泰集团股份有限公司、东北证券股份有限公司： - 1 - 根据申报材料，1）发行人主营业务产品主要包括焦炭及其 副产品、型钢、电力等。本次募集资金拟投入"山西宏安焦化科 技有限公司 150t/h 干熄焦及配套余热综合利用项目"和"山西安 ─────────────── 泰集团股份有限公司 30000m³/h 焦炉煤气制氢项目"，建设完成 后将实现焦炭生产的环保升级，以及新增燃料氢气的产能；2） 本次两个项目的节能审查意见均尚未取得。 请发行人说明：（1）本次募投项目是否涉及新产品、新技 术，与公司现有业务及前次募投项目的区别与联系，本次募集资 金是否投向主业；（2）本次募投项目的准备和进展情况，是否 具备实施本次募投项目相应的人员、技术、设备等能力储备；（3） 结合行业现状及发展趋势、竞争格局、下游客户需求、同行业可 比公司未来规划布局及产能扩张情况、发行人产能利用率、未来 规划布局、在手订单及客户拓展情况等，说明本次募投项目的必 要性、产能规划合理性以及新增产能消化措施；（ ...

山西安泰集团股份有限公司 关于参加山西辖区上市公司 2023 年 投资者网上集体接待日暨年报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： 一、活动类型 为进一步加强与投资者的互动交流，本公司将参加由中国证券监督管理委员会 山西监管局、山西省上市公司协会与深圳市全景网络有限公司联合举办的"2023 年 山西辖区上市公司投资者集体接待日活动"。届时公司高管将在线就公司 2022 年度 业绩、公司治理、发展战略、经营状况、融资计划、可持续发展等投资者关心的 问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 二、活动方式 证券代码：600408 证券简称：安泰集团 编号：临 2023—022 出席本次活动的人员有：公司董事长杨锦龙先生、总经理兼董事会秘书郭全虎 先生、财务负责人张安泰先生和证券事务代表刘明燕女士。 四、联系方式 联系人：刘明燕 电 话：0354-7531034 电子邮箱：securities_dpt@antaigroup.com 欢迎广大投资者积极参与。 特此公告 山西安泰 ...

2023 年第一季度报告 证券代码：600408 证券简称：安泰集团 山西安泰集团股份有限公司 2023 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的 真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | | 本报告期 | 本报告期比上年同期 | | | | --- | --- | --- | --- | --- | --- | | | | | 增减变动幅度(%) | | | | 营业收入 | | 2,638,766,862.04 | -18.26 | | | | 归属于上市公司股东的净利润 | | -123,146,471.26 | -341.12 | | | | 归 ...

Financial Performance - The company's operating revenue for 2022 was CNY 12,696,313,469.85, a decrease of 2.26% compared to CNY 12,989,937,497.51 in 2021[19]. - The net profit attributable to shareholders for 2022 was a loss of CNY 297,083,626.82, representing a decline of 204.84% from a profit of CNY 283,380,538.70 in 2021[19]. - The net cash flow from operating activities was CNY 20,267,359.82, down 95.82% from CNY 485,029,465.61 in the previous year[19]. - The total assets at the end of 2022 were CNY 5,208,231,699.74, a decrease of 1.25% from CNY 5,274,323,616.09 at the end of 2021[19]. - The net assets attributable to shareholders decreased by 10.45% to CNY 2,519,255,860.67 from CNY 2,813,232,679.07 in 2021[19]. - The basic earnings per share for 2022 was -CNY 0.2951, a decline of 204.83% compared to CNY 0.2815 in 2021[20]. - The weighted average return on equity was -11.14% for 2022, a decrease of 21.71 percentage points from 10.57% in 2021[20]. - The total operating revenue for 2022 was 12.696 billion RMB, a decrease of 2.26% year-on-year, while the net profit attributable to shareholders was -297 million RMB, indicating a loss[34][35]. - The company reported a net loss of CNY 322,755,469.30 in 2022, compared to a loss of CNY 26,722,498.59 in 2021[172]. - The company's total equity decreased from CNY 2,816,307,417.43 in 2021 to CNY 2,526,469,584.70 in 2022, a decline of about 10%[172]. Cash Flow and Investments - The company's cash flow from operating activities showed a negative net amount of CNY 139.81 million in Q1 and CNY 74.97 million in Q4, indicating cash flow challenges throughout the year[22]. - The net cash flow from operating activities decreased by CNY 46,476,210.00 year-on-year, totaling CNY 20,267,400.00[60]. - The net cash flow from investing activities was -CNY 20,251,040.00, a decrease of CNY 2,539,800.00 year-on-year[60]. - The net cash flow from financing activities was -CNY 32,487,040.00, down by CNY 37,661,380.00 year-on-year[60]. - The company incurred financial expenses of approximately ¥115.14 million in 2022, up from ¥60.91 million in 2021, representing an increase of about 88.5%[182]. - The net cash flow from operating activities for 2022 was approximately ¥20.27 million, a decrease of 95.8% from ¥485.03 million in 2021[186]. Operational Challenges - The steel industry faced significant challenges in 2022, with weakened downstream demand and high inventory levels, leading to a substantial decline in profitability for steel and coking enterprises[28]. - The company aims to strengthen its core businesses in coking and steel rolling, focusing on enhancing the entire coal-coke-steel industrial chain over the next five years[27]. - The company has identified potential risks in its future development, which are detailed in the management discussion and analysis section[7]. - The company has been actively optimizing its management and addressing historical issues to reduce operational risks and enhance internal development momentum[27]. - The company is committed to improving its operational management to enhance profitability amid potential operational risks[78]. Environmental and Sustainability Efforts - The company has invested heavily in environmental projects to improve pollution control and enhance environmental performance, aligning with government regulations[30]. - The company is actively pursuing green development and has been included in the national list of "green factories"[125]. - The company has established an environmental management system in accordance with ISO14001 standards, ensuring effective monitoring and management of environmental facilities[120]. - The company implemented carbon reduction measures, resulting in a reduction of 66,883 tons of CO2 equivalent emissions[126]. - The company constructed a wastewater treatment plant with a capacity of 20,000 m³/d, achieving zero wastewater discharge by reusing all treated water[119]. Corporate Governance and Management - The company has a strong focus on corporate governance, with multiple independent directors ensuring oversight[84]. - The board consists of 43 members, with 103 years of combined experience in various roles[84]. - The company emphasizes the importance of professional qualifications among its board members, including certified accountants and engineers[84]. - The company has maintained a stable leadership structure, with many members serving multiple terms[84]. - The company conducted a board and supervisory committee restructuring due to the expiration of the 10th board's term[85]. Shareholder and Capital Structure - The total number of ordinary shareholders at the end of the reporting period was 57,348, an increase from 55,301 at the end of the previous month[146]. - The largest shareholder, Li Anmin, holds 317,807,116 shares, representing 31.57% of the total shares, and has pledged all his shares[148]. - The total amount of shares pledged by Li Anmin is valued at approximately 247,236.77 million RMB, with a repayment deadline of June 20, 2023[155]. - The company did not report any new capital contributions from shareholders during 2022, maintaining the same capital structure as the previous year[197]. Related Party Transactions - The company reported significant related party transactions in 2022, with total amounts reaching approximately CNY 5.64 billion, accounting for 44.11% of similar transactions[135]. - Antai Group's related party sales amounted to CNY 3.374 billion, accounting for 26.58% of total operating revenue, while related party purchases were CNY 5.639 billion, representing 44.71% of total operating costs[162]. - The audit report confirms that all related party transactions were disclosed in accordance with accounting standards, ensuring transparency in financial reporting[162]. Future Outlook - The company plans to strengthen its core business in coking and steel rolling while expanding into upstream and downstream industries to enhance product value[74]. - The 2023 outlook indicates that the steel market may remain relatively stable, supported by government policies, despite challenges from the real estate sector and declining manufacturing exports[72]. - The company aims to focus on industry consolidation, mergers and acquisitions, and high-quality transformation for sustainable development[74].

2022 年第三季度报告 证券代码：600408 证券简称：安泰集团 山西安泰集团股份有限公司 2022 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 主要会计数据和财务指标 单位：元 币种：人民币 项目 本报告期 本报告期 比上年同 期增减变 动幅度(%) 年初至报告期末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 3,085,886,114.31 -17.72 10,153,960,343.83 7.59 归属于上市公司股东的净利润 -176,736,316.83 -1,847.34 -63,599,075.13 -114.05 归属于上市公司股东的扣除非经常 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥7.07 billion, representing a 24.29% increase compared to ¥5.69 billion in the same period last year[18]. - The net profit attributable to shareholders decreased by 74.44% to approximately ¥113.14 million from ¥442.61 million year-on-year[18]. - The basic earnings per share dropped by 75.00% to ¥0.11 from ¥0.44 in the previous year[17]. - The weighted average return on net assets decreased by 12.08 percentage points to 3.94% from 16.02% in the same period last year[17]. - The net cash flow from operating activities turned negative at approximately -¥203.29 million, compared to a positive cash flow of ¥182.72 million in the previous year, a decrease of 211.26%[18]. - Revenue for the first half of 2022 reached 7.068 billion RMB, a year-on-year increase of 24.29%, while net profit attributable to shareholders decreased by 74.44% to 113 million RMB[27]. - The total profit for the first half of 2022 was CNY 125,459,653, a decrease of 77.5% compared to CNY 557,416,483.20 in the same period of 2021[86]. - The company's net profit attributable to shareholders of the parent company was CNY 113,137,241.70, down 74.5% from CNY 442,610,192.30 in the first half of 2021[87]. Assets and Liabilities - The total assets increased by 12.48% to approximately ¥5.93 billion from ¥5.27 billion at the end of the previous year[18]. - Total assets as of June 30, 2022, amounted to ¥4,632,497,818.07, an increase from ¥4,020,062,153.96 at the beginning of the year[83]. - Current liabilities total ¥2,154,598,927.36, up from ¥1,548,439,005.74 at the beginning of the period, indicating a significant increase in short-term obligations[78]. - Total liabilities increased to ¥2,996,893,956.80 from ¥2,458,016,198.66, reflecting a growth of approximately 22%[78]. - The company's total equity stands at ¥2,935,693,992.42, showing a slight increase from the previous period[78]. - The company's total liabilities reached ¥2,249,385,780.97, compared to ¥1,681,643,415.25 at the beginning of the year, reflecting an increase of 33.8%[82]. Production and Sales - The company produced 1.0786 million tons of coke and 732,200 tons of H-beams in the first half of 2022, with sales of 1.0613 million tons of coke and 696,900 tons of H-beams[27]. - The sales volume of the main product, coke, decreased year-on-year, while the sales price of steel products also declined, leading to reduced gross profit margins[17]. - The company's coke production capacity is 2.4 million tons per year, making it a leading enterprise in Shanxi Province's coking industry[26]. Environmental and Regulatory Compliance - The company invested significantly in environmental projects to meet government requirements, improving its environmental governance and efficiency[25]. - The company has been recognized as a national pilot unit for circular economy, enhancing resource utilization and reducing environmental impact[25]. - The company constructed a wastewater treatment plant with a capacity of 20,000 m³/d, achieving zero wastewater discharge across all operations[48]. - The company has implemented various pollution control facilities, including flue gas desulfurization and denitrification systems, to comply with ultra-low emission requirements[48]. - The company aims for carbon peak by 2025 and carbon neutrality by 2060, implementing projects such as integrated desulfurization and dust removal for coke oven flue gas[55]. - The company has successfully maintained its pollution discharge levels within regulatory limits, demonstrating effective environmental management practices[47]. Market Risks and Challenges - The company highlighted risks related to market fluctuations in the steel and coke industries, as well as impacts from the pandemic[6]. - The steel industry faced a profit decline of 68.7% in the first half of 2022, with losses among enterprises increasing by 442.4%[23]. - The company faces market risks due to its reliance on the coke and H-beam steel industries, which are sensitive to macroeconomic conditions[39]. - Resource supply risks are present as the company relies on coal and steel billets, with potential price fluctuations affecting performance[39]. - Environmental protection costs are expected to rise due to stricter regulations in the coal and steel industries[40]. Corporate Governance and Management - The company held its annual general meeting on June 15, 2022, and the resolutions were disclosed on June 16, 2022[42]. - The company appointed new board members and management, including the election of Yang Jinlong as chairman and Guo Quanhua as general manager[44]. - The company has made no changes to its employee stock ownership plan or other incentive measures during the reporting period[45]. Research and Development - Research and development expenses for the first half of 2022 were ¥57,135,270.61, compared to ¥49,848,367.92 in the same period of 2021, showing a growth of 14.5%[85]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[88]. Financial Guarantees and Related Party Transactions - The total amount of related party transactions in the first half of 2022 reached approximately 1.95 billion yuan, with significant transactions including sales of coke and electricity[60]. - The company provided guarantees totaling RMB 3,132,644,454.77, which accounts for 106.98% of the company's net assets[64]. - The total amount of guarantees provided to shareholders, actual controllers, and their related parties is RMB 3,095,662,454.77[64]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status as of June 30, 2022[111]. - The company recognizes revenue when control of goods or services is transferred to the customer, which is when the customer can direct the use and obtain almost all economic benefits[178]. - The company assesses expected liabilities based on the best estimate of expenditures required to settle current obligations, considering risks and uncertainties[174]. - There are no changes to significant accounting policies reported by the company for the current period[200].

Revenue and Profitability - Revenue for Q1 2022 reached CNY 3,228,190,951.76, an increase of 21.99% compared to the same period last year[4] - Net profit attributable to shareholders decreased by 79.98% to CNY 51,073,391.42[4] - Basic and diluted earnings per share fell by 80.00% to CNY 0.05[4] - The total revenue from sales of goods and services in Q1 2022 was CNY 3,365,779,364.89, an increase of 11.8% from CNY 3,009,586,143.85 in Q1 2021[18] - In Q1 2022, the company's net profit was CNY 51,158,408.53, a decrease of 80% compared to CNY 255,178,810.29 in Q1 2021[15] - The operating profit for Q1 2022 was CNY 66,525,678.55, down from CNY 340,617,774.63 in the same period last year, reflecting a decline of approximately 80%[15] - The company reported a total comprehensive income of CNY 51,158,408.53 in Q1 2022, significantly lower than CNY 255,178,810.29 in Q1 2021[16] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -139,814,936.94, a decrease of 179.68%[4] - The net cash flow from operating activities in Q1 2022 was negative at CNY -139,814,936.94, compared to a positive CNY 175,481,166.41 in Q1 2021[18] - Cash and cash equivalents decreased to ¥403,218,826.23 as of March 31, 2022, down from ¥613,656,280.00 at the end of 2021, representing a decline of 34.2%[10] - The cash and cash equivalents at the end of Q1 2022 were CNY 363,218,826.23, down from CNY 396,594,257.71 at the end of Q1 2021[19] - The investment activities generated a net cash outflow of CNY -55,141,966.71 in Q1 2022, compared to a net inflow of CNY 5,912,769.68 in Q1 2021[19] - The financing activities resulted in a net cash outflow of CNY -55,466,150.72 in Q1 2022, compared to a net outflow of CNY -38,799,398.48 in Q1 2021[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,294,938,280.32, a slight increase of 0.39% from the end of the previous year[5] - The total assets of the company amounted to ¥5,294,938,280.32 as of March 31, 2022, slightly up from ¥5,274,323,616.09 at the end of 2021[12] - Total liabilities decreased to ¥2,424,056,697.74 in Q1 2022 from ¥2,458,016,198.66 in Q4 2021, reflecting a reduction of 1.4%[12] - The company's equity increased to ¥2,870,881,582.58 as of March 31, 2022, compared to ¥2,816,307,417.43 at the end of 2021, showing a growth of 1.9%[12] Operational Performance - The increase in revenue was driven by higher sales prices of main products, but raw material costs rose faster than sales prices, impacting net profit[6] - The company experienced increased inventory levels and accounts receivable due to the impact of the pandemic, contributing to cash flow issues[6] - Total operating costs for Q1 2022 were ¥3,161,149,832.53, up from ¥2,314,143,584.71 in Q1 2021, reflecting a year-over-year increase of 36.6%[14] - Research and development expenses for Q1 2022 were ¥20,388,353.81, significantly higher than ¥52,481.93 in Q1 2021, indicating a strategic focus on innovation[14] Shareholder Information - There were 52,460 common shareholders at the end of the reporting period, with the largest shareholder holding 31.57% of the shares[8] - The weighted average return on equity decreased by 7.75 percentage points to 1.80%[4]

Financial Performance - In 2021, the company's operating revenue reached CNY 12.99 billion, an increase of 47.78% compared to CNY 8.79 billion in 2020[19]. - The net profit attributable to shareholders was CNY 283.38 million, a decrease of 14.87% from CNY 332.87 million in 2020[19]. - The net cash flow from operating activities was CNY 485.03 million, down 31.13% from CNY 704.26 million in 2020[19]. - The total assets at the end of 2021 were CNY 5.27 billion, a decrease of 5.28% compared to CNY 5.57 billion at the end of 2020[19]. - The net assets attributable to shareholders increased by 10.59% to CNY 2.81 billion from CNY 2.54 billion in 2020[19]. - Basic earnings per share for 2021 were CNY 0.2815, down 14.85% from CNY 0.3306 in 2020[20]. - The weighted average return on equity decreased by 5.15 percentage points to 10.57% from 15.72% in 2020[20]. - The company reported a total comprehensive income of CNY 277,697,744.03 for 2021, compared to CNY 333,298,289.16 in 2020, reflecting a decrease of 16.7%[172]. - The company reported a net loss of CNY 26,722,498.59 in 2021, compared to a loss of CNY 310,103,037.29 in 2020, indicating an improvement in financial performance[164]. Revenue and Sales - The company produced 2.182 million tons of coke and 1.444 million tons of H-beam steel during the year, with sales of 2.184 million tons of coke and 1.429 million tons of H-beam steel[34]. - The company’s coke sales revenue was RMB 5.368 billion, reflecting a year-on-year increase of 48.62%, while the H-beam steel sales revenue was RMB 6.568 billion, with a year-on-year increase of 49.43%[41]. - The average selling price of coke increased to RMB 2,458.19 per ton, up by RMB 877.90 per ton compared to the previous year, while the average selling price of H-beam steel rose to RMB 4,596.05 per ton, an increase of RMB 1,316.71 per ton[43]. - The total operating revenue reached RMB 12.99 billion, an increase of 47.78% year-on-year, while the net profit attributable to shareholders decreased by 14.87% to RMB 283 million[34][37]. Operating Costs and Expenses - The company’s operating costs increased by 53.06% year-on-year to RMB 12.32 billion, primarily due to rising prices of raw materials such as coking coal and steel billets[39]. - The company’s research and development expenses increased by 28.14% year-on-year to RMB 111.20 million, indicating a focus on innovation and technology advancement[37]. - Sales expenses increased by 7.13% year-on-year, while management expenses rose by 25.96%[58]. - Financial expenses decreased by 30.73% year-on-year due to reduced interest expenses from lower debt levels[58]. Cash Flow and Investments - The net cash flow from operating activities was 48,502.95 million yuan, a decrease of 21,923.18 million yuan year-on-year, primarily due to an increase in inventory and a decrease in operating payables[61]. - The net cash flow from investing activities was -17,711.24 million yuan, an increase of 36,224.63 million yuan year-on-year, mainly due to reduced cash payments for investments during the reporting period[61]. - The net cash flow from financing activities was 5,174.35 million yuan, an increase of 20,916.46 million yuan year-on-year, primarily driven by a greater increase in cash received from borrowings compared to cash paid for debt repayment[61]. Environmental and Social Responsibility - The company has initiated multiple environmental protection and energy-saving projects, contributing to its goal of achieving carbon neutrality[27]. - The company has invested heavily in environmental protection measures, including wastewater treatment and dust removal systems, to comply with increasingly stringent environmental policies[76]. - The company has actively participated in social responsibility initiatives, donating 1 million yuan for flood relief in Henan and 5 million yuan for disaster recovery in Jiexiu[120]. - The company aims to achieve carbon peak by 2025 and carbon neutrality by 2060, focusing on low-carbon technology and energy structure optimization[118]. Governance and Management - The total compensation for the board members and senior management during the reporting period amounted to 2.4623 million yuan[80]. - The company’s governance structure includes a clear delineation of roles and responsibilities among its board members and management[86]. - The management team has remained stable, with no significant changes in personnel during the reporting period[80]. - The company has not reported any significant changes in shareholder structure or voting rights during the reporting period[80]. Related Party Transactions - The company reported a total of related party transactions amounting to approximately RMB 3.53 billion in 2021, with significant transactions including RMB 2.86 billion for coke and electricity sales[129]. - The company has provided guarantees totaling CNY 3.594 billion to its affiliate, Shanxi Xintai Steel Co., which is 127.76% of the owner's equity attributable to the parent company[194]. - The company has implemented a monthly settlement policy with related parties starting June 2021 to ensure consistency in settlement policies[104]. Future Outlook and Strategy - The company plans to enhance operational management across production stages to improve existing business profitability and address potential operational risks[77]. - The company aims to enhance its core business in coking and steel rolling while expanding into upstream and downstream industries to increase product value and competitiveness[73]. - The company is responding to national policies aimed at energy conservation and carbon reduction, which will guide its future development strategies[72].