独立董事提名人声明与承诺 （一）在上市公司或者其附属企业任职的人员及其配偶、 父母、子女、主要社会关系（主要社会关系是指兄弟姐妹、兄 弟姐妹的配偶、配偶的父母、配偶的兄弟姐妹、子女的配偶、 子女配偶的父母等）； 提名人方大特钢科技股份有限公司董事会，现提名 毛英莉 为方大特钢科技股份有限公司第九届董事会独立董事候选人， 并已充分了解被提名人职业、学历、职称、详细的工作经历、 全部兼职、有无重大失信等不良记录等情况。被提名人已同意 出任方大特钢科技股份有限公司第九届董事会独立董事候选人 （参见该独立董事候选人声明）。提名人认为，被提名人具备独 立董事任职资格，与方大特钢科技股份有限公司之间不存在任 何影响其独立性的关系，具体声明并承诺如下： 二、被提名人任职资格符合下列法律、行政法规和部门规 章的要求： 一、被提名人具备上市公司运作的基本知识，熟悉相关法 律、行政法规、规章及其他规范性文件，具有 5 年以上法律、 经济、财务、管理或者其他履行独立董事职责所必需的工作经 验。 （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司 ...

独立董事候选人声明与承诺 本人 毛英莉 ，已充分了解并同意由提名人方大特钢董事 会提名为方大特钢科技股份有限公司第九届董事会独立董事候 选人。本人公开声明，本人具备独立董事任职资格，保证不存 在任何影响本人担任方大特钢科技股份有限公司独立董事独立 性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、 行政法规、部门规章及其他规范性文件，具有 5 年以上法律、 经济、会计、财务、管理或者其他履行独立董事职责所必需的 工作经验。 本人已经参加培训并取得证券交易所认可的相关培训证明 材料。 二、本人任职资格符合下列法律、行政法规和部门规章以 及公司规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （三）其他法律法规、部门规章、规范性文件和上海证券 交易所规定的情形。 三、本人具备独立性，不属于下列情形： （一）在该公司或者其附属企业任职的人员及其配偶、父 母、子女、主要社会关系（主要社会关系是指兄弟姐妹、兄弟 姐妹的配偶、配偶的父母、配偶的 ...

独立董事候选人声明与承诺 本人 梁俊娇 ，已充分了解并同意由提名人方大特钢董事 会提名为方大特钢科技股份有限公司第九届董事会独立董事候 选人。本人公开声明，本人具备独立董事任职资格，保证不存 在任何影响本人担任方大特钢科技股份有限公司独立董事独立 性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、 行政法规、部门规章及其他规范性文件，具有五年以上法律、 经济、会计、财务、管理或者其他履行独立董事职责所必需的 工作经验。 本人已经参加培训并取得证券交易所认可的相关培训证明 材料。 二、本人任职资格符合下列法律、行政法规和部门规章以 及公司规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （三）中共中央纪委、教育部、监察部《关于加强高等学 校反腐倡廉建设的意见》的相关规定； （四）其他法律法规、部门规章、规范性文件和上海证券 交易所规定的情形。 三、本人具备独立性，不属于下列情形： 1 （一）在上市公司或者其附属企业任职的人员及其配偶、 ...

独立董事提名人声明与承诺 提名人方大特钢科技股份有限公司董事会，现提名 梁俊娇 为方大特钢科技股份有限公司第九届董事会独立董事候选人， 并已充分了解被提名人职业、学历、职称、详细的工作经历、 全部兼职、有无重大失信等不良记录等情况。被提名人已同意 出任方大特钢科技股份有限公司第九届董事会独立董事候选人 （参见该独立董事候选人声明）。提名人认为，被提名人具备独 立董事任职资格，与方大特钢科技股份有限公司之间不存在任 何影响其独立性的关系，具体声明并承诺如下： 一、被提名人具备上市公司运作的基本知识，熟悉相关法 律、行政法规、规章及其他规范性文件，具有五年以上法律、 经济、会计、财务、管理或者其他履行独立董事职责所必需的 工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训 证明材料。 二、被提名人任职资格符合下列法律、行政法规和部门规 章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （四）其他法律法规、部门规章、规范性文件和上海证券 交易所规定的情形。 三 ...

独立董事提名人声明与承诺 提名人方大特钢科技股份有限公司董事会，现提名 饶威 为方大特钢科技股份有限公司第九届董事会独立董事候选人， 并已充分了解被提名人职业、学历、职称、详细的工作经历、 全部兼职、有无重大失信等不良记录等情况。被提名人已同意 出任方大特钢科技股份有限公司第九届董事会独立董事候选人 （参见该独立董事候选人声明）。提名人认为，被提名人具备独 立董事任职资格，与方大特钢科技股份有限公司之间不存在任 何影响其独立性的关系，具体声明并承诺如下： 一、被提名人具备上市公司运作的基本知识，熟悉相关法 律、行政法规、规章及其他规范性文件，具有 5 年以上法律、 经济、财务、管理或者其他履行独立董事职责所必需的工作经 验。 被提名人已经参加培训并取得证券交易所认可的相关培训 证明材料。 二、被提名人任职资格符合下列法律、行政法规和部门规 章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （三）其他法律法规、部门规章、规范性文件和上海证券 交易所规定的情形。 1 三 ...

Summary of the Conference Call for Fangda Special Steel Company Overview - **Company**: Fangda Special Steel - **Date**: Q1 2025 Conference Call Key Points Industry and Company Performance - Fangda Special Steel achieved a significant cost saving of nearly 30 million yuan in Q1 2025 through procurement optimization and energy recovery, with self-generated electricity increasing by 25.04% year-on-year [2][3] - The company produced 1.0276 million tons of steel in Q1, maintaining an average daily output of 10,000 tons, with sales reaching 1.0286 million tons [2][4] - The gross profit margin improved by 75.2% year-on-year, reaching 10.04%, driven by cost control measures [3][4] Financial Highlights - The net profit attributable to shareholders was 250 million yuan, a 168% increase year-on-year, while total profit reached 320 million yuan, up 184% [3] - Cost per ton decreased by 634 yuan, with total cost impact around 600 million yuan [2][8] Production and Sales Achievements - The company’s sales of construction materials increased by 4.73%, and engineering sales rose by 19.6% [2][5] - The market share for spring flat steel orders increased to 50% due to a proactive order acceptance strategy [12] Innovation and Strategic Partnerships - 2025 is designated as an innovation year, with 549 small improvements completed in Q1, generating benefits of 4.7178 million yuan [2][6] - Strategic collaborations with Huawei and CATL focus on AI models, zero-carbon economy, and new material research [6] Future Plans and Capacity Expansion - Fangda Special Steel aims to increase its special steel proportion to 50% within two to three years through new capacity and acquisitions [4][21] - The company plans to recruit 1,500 high-level talents over three years to enhance innovation capabilities [6][23] Market Conditions and Demand - The domestic heavy truck and excavator markets performed well in Q1 2025, with strong demand noted [11] - The demand for rebar and other mainstream products remained stable, with no significant recovery in the real estate sector [37] Cost Control and Efficiency - The company implemented effective cost control measures, resulting in a gross profit of approximately 150 million yuan despite a decline in sales prices [8][10] - The production volume was high, contributing positively to overall efficiency [9] Strategic Direction and Management Changes - The new chairman has streamlined internal operations and emphasized customer maintenance and industry collaboration to avoid price wars [13][14] - The company’s strategic focus remains on capacity expansion and mergers, with plans to increase production capacity from 20 million tons to 50 million tons in the next two to three years [16][17] Environmental and Regulatory Considerations - The company is adapting to new industry standards focusing on high-end, efficient, and green production [38] - Fangda Special Steel has completed relevant public disclosures regarding environmental compliance [39] Capital Expenditure and Future Investments - The company plans to increase capital expenditure over the next 3 to 5 years to support strategic transformation, including internal upgrades and new projects [41] - A significant investment of approximately 500 million yuan is allocated for a power generation project expected to commence operations by the end of 2025 [42] Conclusion - Fangda Special Steel is positioned for growth through strategic partnerships, innovation, and effective cost management, while navigating market challenges and regulatory changes [46]

Core Viewpoint - Fangda Special Steel (600507) reported a decline in total revenue for Q1 2025 but a significant increase in net profit, indicating improved profitability despite lower sales [1] Financial Performance - Total revenue for Q1 2025 was 4.346 billion yuan, a decrease of 26.03% year-on-year [1] - Net profit attributable to shareholders was 250 million yuan, an increase of 167.99% year-on-year [1] - Gross margin improved to 10.04%, up 75.2% year-on-year, while net margin rose to 5.78%, up 240.06% year-on-year [1] - Operating expenses totaled 126 million yuan, accounting for 2.89% of revenue, an increase of 78.91% year-on-year [1] - Earnings per share (EPS) increased to 0.11 yuan, a rise of 157.14% year-on-year [1] Cash Flow and Debt - Operating cash flow per share decreased to 0.22 yuan, down 71.52% year-on-year [1] - Cash and cash equivalents were 7.174 billion yuan, a decline of 9.14% year-on-year [1] - Interest-bearing debt was 291 million yuan, a decrease of 13.84% year-on-year [1] Market Position and Analyst Insights - The company's return on invested capital (ROIC) was 1.15%, indicating weak capital returns [3] - The net profit margin was 1.17%, suggesting low added value in products or services [3] - Analysts expect the company's performance in 2025 to reach 355 million yuan, with an average EPS forecast of 0.15 yuan [3] Fund Holdings - The largest fund holding Fangda Special Steel is Huashang Convertible Bond A, with 10.61 billion yuan in assets [4] - Notable fund managers have increased their positions in Fangda Special Steel, indicating positive sentiment [4]

在挑战面前，方大特钢坚持稳中求进，从生产、采购、销售、管理等各个环节入手，深挖内潜，狠下功 夫，全方位推进降本增效。公司以烧结提质增产、高炉稳顺攻关为抓手，系统推进铁前技术、管理等工 作，促进铁、钢、轧日产稳定在万吨平台；合理优化排产计划，平衡好品规效益与生产效率关系；牢固 树立设备本质安全管理理念，建立设备一生全系统、全过程、全员综合管理的思想，持续开展设备隐患 治理，重点强化对关键设备的管控，进一步提高设备经济运行能力。 值得一提的是，江西省2025年重点招商引资项目规划近期发布，共涉及649个项目，总投资规模达 6716.09亿元，其中明确推进27个重大基础设施项目。这一政策导向为江西省内钢铁龙头企业方大特钢 提供了显著的发展机遇。今年一季度，方大特钢建材销量同比增长4.73%，工程销量同比提高19.6%， 产销率超100%。销售人员表示，后续将重点优化服务效率，为全年目标蓄力。 4月23日晚间，方大特钢（600507）发布2025年一季度财报，报告期内实现利润总额3.22亿元，实现归 属于上市公司股东净利润2.5亿元，分别较去年同期增长184.03%和167.99%。另据中国钢铁工业协会消 息，方大特 ...

Core Insights - Fangda Special Steel reported significant growth in Q1, with total profit reaching 322 million yuan, a year-on-year increase of 184.03%, and net profit attributable to shareholders at 250 million yuan, up 167.99% [1] Financial Performance - The company achieved a total profit of 322 million yuan in Q1, marking a 184.03% increase compared to the same period last year [1] - Net profit attributable to shareholders was 250 million yuan, reflecting a 167.99% year-on-year growth [1] Production and Sales - Fangda Special Steel's production performance was strong, with iron, steel, and material output exceeding quarterly plans at 105.53%, 105.96%, and 106.56% respectively [1] - The company reported a 4.73% year-on-year increase in total building material sales and a 19.6% rise in engineering sales, with a sales-to-production ratio exceeding 100% [1] Market Strategy - The marketing team enhanced refined management and utilized intelligent tools to analyze market dynamics, allowing for flexible and precise adjustments to sales strategies [2] - The company optimized customer service, particularly in logistics, by promoting direct delivery from steel mills to construction sites, which reduced logistics costs for customers and improved market competitiveness [2] Cost Control and Efficiency - Fangda Special Steel focused on controlling raw material procurement costs while ensuring safety, environmental protection, and quality [2] - The company reported a 25.04% increase in self-generated electricity and a 10.12 million kJ increase in the total calorific value of converter gas recovery compared to the previous year, contributing to energy savings [3] Innovation and R&D - The year 2025 has been designated as "Innovation Year," with initiatives to foster an innovative environment for employees [3] - In Q1, employees submitted 549 small improvement projects, with a total investment of 1.1925 million yuan, generating benefits of 4.7178 million yuan, representing a 23.43% increase in investment-output ratio compared to the previous year [3] Strategic Partnerships - In January, Fangda Special Steel signed a strategic cooperation agreement with Huawei to advance digital transformation in the steel industry [4] - The company also partnered with CATL's subsidiary to promote material and product R&D, aiming to build a new energy application ecosystem [4] - Fangda Special Steel plans to recruit 500 master's and doctoral graduates by 2025, focusing on technology R&D in steel, materials, AI, clean energy, and zero-carbon economy [4]

Core Viewpoint - The oil casing industry in China is experiencing growth driven by national policies and increasing demand for oil and gas exploration and production equipment, with the market size projected to reach 20.5 billion yuan by 2024, up from 19.63 billion yuan in 2017 [1][11]. Industry Overview - Oil casing is a critical component used to support oil and gas wells, ensuring the efficiency and safety of drilling operations. It is a one-time consumable material, with consumption accounting for over 70% of total oil well pipe usage [3][9]. - The classification of oil casings includes various steel grades such as J55, K55, N80, L80, C90, T95, P110, Q125, and V150, as well as different end processing forms [3][5]. Industry Chain - The upstream of the oil casing industry includes steel, anti-corrosion coatings, and sealants, with steel being the primary raw material. The midstream involves the production and processing of oil casings, while the downstream focuses on applications in the oil and gas sector [5][7]. Market Demand - The demand for oil casings, particularly high-end products, is increasing due to the growing complexity of drilling environments and deeper drilling depths. High-end oil casings currently dominate the market, accounting for over 70% of the total [13][20]. Industry Competition - The oil casing industry is capital-intensive, primarily dominated by a few large companies that leverage their technological expertise and brand influence. Notable companies include Jiangsu Changbao Steel Tube Co., Shandong Molong Petroleum Machinery Co., and Baosteel [15][16]. Key Companies - Jiangsu Changbao Steel Tube Co. specializes in high-end special pipes, with oil casings being a key product, achieving a revenue of 2.223 billion yuan in 2024, a decrease of 37.14% year-on-year [16]. - Shandong Molong Petroleum Machinery Co. focuses on energy equipment manufacturing, reporting a revenue of 1.231 billion yuan for its pipe products in 2024, an increase of 7.81% year-on-year [18]. Future Trends - The industry is expected to see sustained demand for high-quality, high-performance oil casings, particularly for deep-sea and unconventional oil and gas fields. The integration of digital and intelligent technologies will enhance operational efficiency and competitiveness [20][22].