安阳钢铁股份有限公司 2025 年第三次临时股东会 会议资料 2025 年 9 月 18 日 安阳钢铁股份有限公司 2025 年第三次临时股东会有关规定 重要提示： 四、股东有权在大会上发言和提问，但应事先向大会工作人员提出申请，并提供 发言提纲，否则大会主持人有权拒绝其发言要求。大会工作人员与大会主持人视会议的 具体情况安排股东发言，并安排有关人员回答股东提出的问题，每位股东的发言请不要 超过五分钟。 五、未经允许，会场内不得拍照、摄影和录音。 ● 本次股东会采用现场投票与网络投票相结合的方式。同一表决权只能选择现场 或网络表决方式中的一种，如同一表决权重复进行表决的，均以第二次表决为准。 ● 本次股东会现场投票采取记名投票的方式进行表决，股东（或股东代理人）在 大会表决时，以其所代表的有表决权的股份数额行使表决权，每一股份有一票表决权。 ● 本次股东会网络投票将通过上海证券交易所交易系统向股东提供网络投票平台， 股东应在安阳钢铁股份有限公司（以下简称公司）《关于召开2025年第三次临时股东会 的通知》中列明的时限内进行网络投票。 网络投票的时间为：2025年9月18日 上午9:15-9:25；9:30-1 ...

Core Viewpoint - The company, Anyang Iron and Steel Co., Ltd., is holding a half-year performance briefing on September 19, 2025, to communicate with investors and address their concerns regarding the company's operational performance and development strategy [3][4]. Group 1: Meeting Details - The performance briefing is scheduled for September 19, 2025, from 16:00 to 17:00 [7]. - The meeting will be conducted online via the "Value Online" platform [4][7]. - Key participants include the Chairman Cheng Guanjian, Financial Officer Guo Chengxu, Board Secretary Hao Meng, and Independent Director Cheng Xianping [4]. Group 2: Investor Participation - Investors can participate in the meeting through a designated website or by scanning a QR code [6]. - Questions from investors can be submitted until September 18, 2025, at 16:00, and the company will respond to commonly asked questions during the briefing [2][6]. Group 3: Additional Information - After the meeting, investors can access the details and main content of the performance briefing through the "Value Online" platform or the Yidong app [8].

证券代码：600569 证券简称：安阳钢铁 公告编号：2025-090 一、说明会类型 安阳钢铁股份有限公司（以下简称公司）已于 2025 年 8 月 28 日 在上海证券交易所网站（www.sse.com.cn）披露了《2025 年半年度 报告全文》及《2025 年半年度报告摘要》。为便于广大投资者更加 全面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 会议召开时间：2025 年 09 月 19 日（星期五）16:00-17:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会议问题征集：投资者可于 2025 年 09 月 18 日（星期四）16:00 前访问网址（https://eseb.cn/1rp5m7CHMxq）或使用微信扫 描下方小程序码进行会前提问，公司将通过本次业绩说明会， 在信息披露允许范围内就投资者普遍关注的问题进行回答。 09 月 19 日（星期五）16:00-17:00 在"价值在线"（www.ir-online.cn） 召开安阳钢铁股份有限公司 2025 年半年度业绩说明会，与投资者进 行沟通和交流，广泛听取投资者的意见和 ...

Core Viewpoint - Anyang Steel has shifted from a major asset restructuring plan to selling stakes in two subsidiaries to its controlling shareholder, Anyang Steel Group, due to historical issues with the assets involved in the original plan [2][5][6]. Group 1: Asset Restructuring and Sale - Initially, Anyang Steel aimed to expand by acquiring upstream assets but faced challenges due to historical issues with the target assets, leading to a change in strategy [3][4]. - The company decided to sell 78.14% of its stake in Yongtong Company and 100% of its stake in Yuhua Company to Anyang Steel Group for cash, marking a significant shift from the original asset swap plan [6][7]. - The sale is intended to optimize the company's asset structure, improve liquidity, and enhance operational conditions [6][7]. Group 2: Financial Implications - The financial performance of the subsidiaries being sold is concerning, with Yongtong Company reporting a net loss of 1.09 billion in 2024 and a slight profit of 204.31 million in the first half of 2025, while Yuhua Company has consistently reported losses [7]. - The cash inflow from the sale is expected to support Anyang Steel's strategic transition towards high-end, intelligent, and green steel production [6][7]. - Anyang Steel Group's financial health is also a factor, with total assets of 583 billion and a debt ratio of approximately 79.98%, raising questions about its ability to finance the acquisition [7][8]. Group 3: Future Considerations - The transaction is still subject to ongoing audits and evaluations, and the final agreement has not yet been signed, leaving the execution of the sale uncertain [8]. - Anyang Steel has committed to not planning any major asset restructuring for at least one month following the announcement, but future actions will depend on market conditions and asset evaluations [5][8].

Core Viewpoint - Anyang Steel has shifted from a major asset restructuring plan to selling stakes in two subsidiaries to its controlling shareholder, Anyang Steel Group, due to historical issues with the assets involved in the original plan [1][3]. Group 1: Asset Restructuring and Sale - Initially, Anyang Steel aimed to expand by acquiring upstream resources through a significant asset restructuring plan, which included a swap of assets with Anyang Steel Group [2]. - The restructuring plan was abruptly terminated due to the discovery of historical issues related to the land and property rights of the target assets, making it difficult to proceed as planned [3]. - The company has now opted for a cash sale of its stakes in Yongtong Company (78.14% stake) and Yuhua Company (100% stake) to Anyang Steel Group, which is seen as a way to quickly optimize its asset structure and improve liquidity [5]. Group 2: Financial Implications - The sale is expected to provide a significant cash inflow to Anyang Steel, which is crucial for its ongoing transformation towards high-end, intelligent, and green steel production [5]. - The financial performance of the subsidiaries being sold is concerning, with Yongtong Company reporting a net loss of 1.09 billion in 2024 and a slight profit of 204.31 million in the first half of 2025, while Yuhua Company has consistently reported losses [6]. - Anyang Steel Group's financial health is also a concern, with a high debt ratio of approximately 79.98% and a net loss of 32.04 billion in 2024, raising questions about its ability to finance the acquisition [6]. Group 3: Ongoing Processes and Uncertainties - The audit and evaluation related to the asset sale are still ongoing, and the transaction contract has not yet been signed, indicating that the deal's execution remains uncertain [7]. - Anyang Steel has committed to not planning any major asset restructuring for at least one month following the announcement, but future actions will depend on market conditions and asset situations [4].

Core Viewpoint - The coal, coke, and steel industry chain is experiencing price adjustments despite positive expectations for the construction peak season in September and October, driven by a consensus against "involution" in the industry [1][6]. Price Trends - Since July, steel prices have rebounded from a low point, with significant increases in upstream coke and coking coal prices providing cost support for the downstream market [1][4]. - By the end of July, the average price of rebar increased by 6.8% compared to the low point in June, with nearly 20 steel mills adjusting their prices upward by 20 to 100 yuan per ton [3][4]. - After a period of price fluctuations, steel prices are expected to trend upward in September, although macroeconomic policy effects and demand realization need to be monitored [1][3]. Industry Response - The steel industry is actively resisting "involution" competition, leading to improved operational conditions for companies like Anyang Iron and Steel, which reported a net profit of 38.06 million yuan in the first half of 2025 [3][4]. - Companies are shifting focus towards high-end, intelligent, and green production methods, which has led to better performance metrics compared to industry averages [3][4]. Coke Market Dynamics - The coke market has seen seven rounds of price increases since July, with prices rising by 385 yuan per ton, a 28% increase, due to supply-demand dynamics and cost pressures [4][5]. - Analysts expect that while there may be a slight price drop in September, strong macroeconomic policies and good steel mill profits will support continued demand for coke [5][6]. Supply and Demand Outlook - The steel industry is currently experiencing a controlled supply environment, with expectations for demand recovery in September and October, leading to a steady increase in steel prices [6][7]. - The production of crude steel has decreased by 3.1% year-on-year from January to July, and ongoing policies to control production are expected to limit significant increases in output [6][7]. - The construction sector is anticipated to see a resurgence in demand due to the arrival of the traditional peak season, supported by government policies aimed at boosting infrastructure investment [7].

Core Viewpoint - Anyang Iron and Steel (600569.SH) abruptly terminated its major asset restructuring plan, opting instead to sell stakes in two subsidiaries to its controlling shareholder, Anyang Iron and Steel Group, due to historical issues related to land and property rights that complicated the original plan [1][2][5]. Group 1: Asset Restructuring and Changes - The initial plan aimed to extend upstream through a significant asset restructuring, but it was hindered by "historical legacy issues" with the target assets, leading to a shift from expansion to internal contraction [2][5]. - On August 26, 2025, the board approved the termination of the original restructuring plan, citing difficulties in advancing the asset swap due to unresolved historical issues [5][6]. - The company has committed to not planning any major asset restructuring for at least one month following the announcement, with future actions dependent on market conditions and asset status [5][6]. Group 2: Financial Implications and Performance - The revised plan involves selling 78.14% of Yongtong Company and 100% of Yuhe Company to Anyang Iron and Steel Group for cash, which is expected to enhance liquidity and improve the company's operational status [6][7]. - The financial performance of the subsidiaries being sold is concerning, with Yongtong Company reporting a net loss of 1.09 billion in 2024 and a slight profit of 204.31 million in the first half of 2025, while Yuhe Company continued to incur losses [7][8]. - The controlling shareholder, Anyang Iron and Steel Group, has a high debt ratio of approximately 79.98% and reported a net loss of 3.204 billion in 2024, raising questions about its ability to finance the acquisition [8].

Core Viewpoint - Anyang Iron and Steel announced that it will hold the third extraordinary general meeting of shareholders on September 18, 2025, to review proposals for providing guarantees for its subsidiaries [1] Group 1 - The company will discuss a proposal to provide guarantees for its subsidiary, Henan Angang Zhoukou Steel Co., Ltd. [1] - The company will also review a proposal to provide guarantees for its subsidiary, Henan Angang Southern Electromagnetic New Materials Technology Co., Ltd. [1]

Core Viewpoint - Anyang Steel's major asset restructuring plan was abruptly terminated due to historical issues related to the land and property rights of its subsidiary, resulting in a shift from expansion to a cash sale of stakes in two subsidiaries to its controlling shareholder, Anyang Steel Group [2][6][7]. Group 1: Restructuring Plan and Changes - Initially, Anyang Steel aimed to extend upstream through a significant asset restructuring, which was approved by the board on December 12, 2024 [3]. - The restructuring plan involved swapping stakes in its subsidiaries, Yongtong Company and Yuhe Company, for shares in Maoyang Mining Company, with the intention of enhancing raw material security and cost control [3][4]. - However, the plan was halted due to the discovery of historical issues during the audit process, leading to a change in strategy [6][9]. Group 2: New Strategy and Financial Implications - The company opted to sell 78.14% of Yongtong Company and 100% of Yuhe Company to Anyang Steel Group for cash, which is expected to improve liquidity and optimize the asset structure [7][8]. - This sale is anticipated to provide a significant cash inflow, which is crucial for Anyang Steel's ongoing transformation towards high-end, intelligent, and green production [7][8]. - The financial performance of the subsidiaries being sold has been unstable, with Yongtong Company reporting a net loss of 1.09 billion in 2024 and Yuhe Company also showing losses [8]. Group 3: Financial Health of Controlling Shareholder - Anyang Steel Group's financial status raises concerns, with total assets of 583 billion and liabilities of 466.28 billion, resulting in a debt ratio of approximately 79.98% [8]. - Despite achieving a net profit of 1.20 billion in the first half of 2025, the group reported a loss of 32.04 billion for the entire year of 2024, raising questions about its ability to finance the acquisition [8][9].

Core Points - The company announced the convening of the third extraordinary general meeting of shareholders for 2025 on September 18, 2025, at 9:30 AM [2][5] - The meeting will be held at the company's conference room located at 502 Ansteel Avenue, Yindu District, Anyang City, Henan Province [2][10] - Voting will be conducted through a combination of on-site and online methods, utilizing the Shanghai Stock Exchange's network voting system [3][4] Meeting Details - The meeting will include voting on previously disclosed proposals, with specific attention to the voting rights of minority investors [6][7] - There are no special resolutions or related party voting issues to be addressed during this meeting [7] - Shareholders must complete voting on all proposals before submission [9] Registration and Attendance - Eligible shareholders must register with appropriate documentation, including identification and proof of shareholding [11][12] - Registration will take place on September 16, 2025, from 8:30 AM to 11:30 AM and 2:00 PM to 5:30 PM [12] - The company will not cover travel or accommodation expenses for attending shareholders [14] Investor Communication - The company held an investor briefing on September 2, 2025, to discuss the termination of a major asset restructuring plan and the sale of subsidiary equity to the controlling shareholder [20] - Key concerns raised by investors included the reasons for terminating the asset restructuring and its impact on the company's future performance [21] - The company reassured investors that the termination would not adversely affect its strategic direction or future performance, emphasizing a focus on enhancing profitability and optimizing asset structure [21]