证券代码：600569 证券简称：安阳钢铁 编号：2025-028 安阳钢铁股份有限公司 关于向安阳钢铁集团有限责任公司借款暨关联交易的 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个别及连带责任。 重要内容提示： 安阳钢铁股份有限公司（以下简称公司）拟向公司控股股东安 阳钢铁有限责任公司（以下简称安钢集团）申请 3.5 亿元借款。 本次交易构成关联交易。 为改善公司融资结构，补充流动资金，公司拟向安钢集团借款， 具体如下： 公司就上述融资事项向安钢集团借款，借款总规模不超过 3.5 亿 元，借款期限不超过 4 年（2+2 年），具体还款期限、利率及本金金 额以双方最终签订的协议为准。 本次交易未构成重大资产重组。 是否需要提交公司股东大会审议：是。 过去 12 个月内，公司与安钢集团之间进行的交易类别相关的 交易累计金额合计 17.8 亿元（除日常关联交易外）。 本次关联交易用于改善公司融资结构，补充流动资金，不会影 响公司经营业务的正常开展，交易价格公允合理，不存在损害公司及 其股东特别是中小股东利益的情形，公司也不会因此对 ...

安阳钢铁股份有限公司 证券代码：600569 证券简称：安阳钢铁 编号：2025-029 关于控股子公司向安阳钢铁集团有限责任公司借款暨 关联交易的公告 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个别及连带责任。 重要内容提示： 安阳钢铁股份有限公司（以下简称公司）控股子公司河南安钢 周口钢铁有限责任公司（以下简称周口公司）拟向公司控股股东安阳 钢铁有限责任公司（以下简称安钢集团）申请 2.5 亿元借款。 本次交易构成关联交易。 本次交易未构成重大资产重组。 是否需要提交公司股东大会审议：是。 过去 12 个月内，周口公司与安钢集团之间进行的交易类别相 关的交易累计金额合计 4.3 亿元（除日常关联交易外）。 本次关联交易用于满足周口经营发展需要，补充流动资金，不 会影响公司经营业务的正常开展，交易价格公允合理，不存在损害公 司及其股东特别是中小股东利益的情形，公司也不会因此对关联方形 成依赖。 一、关联交易概述 （一）关联交易基本情况 为满足周口公司经营发展需要，补充流动资金，公司控股子公司 周口公司拟向安钢集团借款，具体如下： ...

安阳钢铁股份有限公司 证券代码：600569 证券简称：安阳钢铁 编号： 2025—027 2025 年第四次临时监事会会议决议公告 本公司监事会及全体监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个别及连带责任。 一、监事会会议召开情况 安阳钢铁股份有限公司（以下简称公司）2025 年第四次临时监事 会会议于 2025 年 4 月 21 日以通讯方式召开，会议通知和材料已于 2025 年 4 月 16 日以通讯方式发出。会议应出席监事 5 名，实际出席 监事 5 名。本次会议由监事会主席李保红先生主持。会议的召开符合 《公司法》和《公司章程》的有关规定。 二、监事会会议审议情况 （二）公司关于控股子公司向安阳钢铁集团有限责任公司借款暨 关联交易的议案 表决结果：同意 5 票，反对 0 票，弃权 0 票。 具体内容详见同日披露于上海证券交易所网站（www.sse.com.cn） 的《安阳钢铁股份有限公司关于控股子公司向安阳钢铁集团有限责任 公司借款暨关联交易的公告》（公告编号：2025-029） 三、监事会认为： （一）本次向安阳钢铁有限责任公司（以下简 ...

证券代码：600569 证券简称：安阳钢铁 编号：2025-026 安阳钢铁股份有限公司 2025 年第四次临时董事会会议决议公告 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个别及连带责任。 一、董事会会议召开情况 安阳钢铁股份有限公司（以下简称公司）2025 年第四次临时董事 会会议于 2025 年 4 月 21 日以通讯方式召开，会议通知和材料已于 2025 年 4 月 16 日以通讯方式发出。会议应出席董事 9 名，实际出席 董事 9 名。本次会议由董事长程官江先生主持。会议的召开符合《公 司法》和《公司章程》的有关规定。 表决结果：同意 6 票，反对 0 票，弃权 0 票。 具体内容详见同日披露于上海证券交易所网站（www.sse.com.cn） 的《安阳钢铁股份有限公司向安阳钢铁集团有限责任公司借款暨关联 交易的公告》（公告编号：2025-028） （二）公司关于控股子公司向安阳钢铁集团有限责任公司借款暨 关联交易的议案 为满足河南安钢周口钢铁有限责任公司（以下简称周口公司）经 营发展需要，补充流动资金，公司控股子公司周口 ...

Report Overview - Report Title: Short - end Spreads Compressed, Long - end Spreads Widened — Credit Analysis Weekly (2025/4/14 - 2025/4/18) - Report Date: April 20, 2025 - Industry Investment Rating: Not provided in the report Core Views - The 10 - year Treasury yield at 1.65% prices in about a 30BP interest rate cut expectation, and the 10Y Treasury yield may return above 1.7% this year [2] - The credit spreads of various industries fluctuated this week. For urban investment bonds, the 3 - 5Y spreads are inverted with long - end spreads, and it is recommended that institutions with stable liability ends select high - quality urban investment entities in developed regions. For industrial bonds, short - end spreads compressed slightly, and long - end spreads widened slightly, and it is recommended to focus on high - rating short - duration industrial bonds. For bank capital bonds, short - end spreads compressed to varying degrees, and long - end spreads widened slightly, and it is recommended to focus on the catch - up opportunities of secondary capital bonds at the convex points of the term structure [2][44] Summary by Directory 1. This Week's Market Overview (4/14 - 4/18) 1.1 Primary Market - Credit bond issuance, repayment, and net financing: The net financing of credit bonds (excluding asset - backed securities) was 17.96 billion yuan, a decrease of 4.34 billion yuan from last week. The total issuance was 45 billion yuan, an increase of 2.42 billion yuan, and the total repayment was 27.04 billion yuan, an increase of 6.76 billion yuan. The net financing of asset - backed securities was 2.35 billion yuan, a decrease of 2.08 billion yuan [6] - By product type: The net financing of urban investment bonds was 6.28 billion yuan, a decrease of 0.26 billion yuan; that of industrial bonds was 12.78 billion yuan, an increase of 3.97 billion yuan; and that of financial bonds was - 1.1 billion yuan, a decrease of 8.04 billion yuan [6] - Issuance and repayment numbers: Urban investment bond issuance increased by 53 and repayment by 21; industrial bond issuance increased by 102 and repayment by 63; financial bond issuance decreased by 14 and repayment increased by 9 [7] - Issuance costs: Except for the issuance rates of AAA urban investment bonds and financial bonds rising, the issuance rates of other rated credit bonds decreased to varying degrees. For urban investment bonds, AA and AA + rates decreased by 15BP and 2BP respectively; for industrial bonds, AA, AA +, and AAA rates decreased by 15BP, 18BP, and 2BP respectively; AAA urban investment and financial bond rates increased by 1BP and 15BP respectively. For asset - backed securities, AAsf - rated ABS rate increased by 550BP, AA + sf - rated ABS rate decreased by 92BP, AAAsf - rated ABS rate decreased by 9BP, and AA + and AAA - rated ABN costs decreased [15][16] 1.2 Secondary Market - Trading volume: The trading volume of credit bonds (excluding asset - backed securities) decreased by 2.24 billion yuan from last week. Urban investment bond volume increased by 5.65 billion yuan, industrial bond volume increased by 4.3 billion yuan, financial bond volume decreased by 12.2 billion yuan, and asset - backed securities volume increased by 0.9 billion yuan [18] - Turnover rate: The turnover rate of credit bonds fluctuated. Urban investment bond turnover rate was 1.69%, a decrease of 0.36pct; industrial bond turnover rate was 2.14%, an increase of 0.24pct; financial bond turnover rate was 2.71%, a decrease of 0.89pct; asset - backed securities turnover rate was 0.7%, an increase of 0.28pct [18] - Yields: Except for the yields of credit bonds below 1Y decreasing slightly, the yields of credit bonds of other terms and ratings decreased by 0 - 7BP. By variety, taking AA + - rated 5Y bonds as an example, the yields of different varieties fluctuated [22][23] - Credit spreads: The credit spreads of various industries fluctuated slightly. AA - rated pharmaceutical and biological credit bonds narrowed by 10BP; among AA + - rated bonds, the spreads of electronics, chemical, and machinery industries narrowed by 6BP, 5BP, and 5BP respectively, while that of the computer industry widened by 5BP; among AAA - rated bonds, the spread of the electrical equipment industry narrowed by 9BP, and that of the leisure service industry widened by 6BP [25] 2. Urban Investment Bonds - By term: Short - end spreads compressed slightly, and long - end spreads widened slightly. The 0.5 - 1Y spread was 44BP, a compression of 1BP; the 1 - 3Y spread was 51BP, a compression of less than 1BP; the 3 - 5Y spread was 75BP, a compression of 3BP; the 5 - 10Y spread was 66BP, a widening of 3BP; the spread over 10Y was 47BP, a widening of less than 1BP [29] - By region: The credit spreads of urban investment bonds in various regions generally narrowed, with some regions rising slightly. Tianjin, Shanxi, and Gansu's AA - rated spreads compressed by 5BP or more, and the spreads of other regions fluctuated by less than 5BP [31] 3. Industrial Bonds - Credit spreads: Short - end spreads compressed slightly, and long - end spreads widened slightly. After the adjustment of long - end spreads, the convex point of the term spread of AAA - rated industrial bonds has been smoothed out. It is recommended to focus on high - rating short - duration industrial bonds for coupon income and increase positions on dips [33] 4. Bank Capital Bonds - Credit spreads: Short - end spreads compressed to varying degrees, and long - end spreads widened slightly. For secondary capital bonds, the spreads of AAA - 3Y, AA + 1Y and 3Y, and AA 1Y narrowed by 5BP or more, and the spreads of AAA -, AA +, and AA 10Y widened by 2 - 3BP. For bank perpetual bonds, the spreads of AAA -, AA +, and AA 1Y narrowed by 5BP. It is recommended to focus on the catch - up opportunities of secondary capital bonds at the convex points of the term structure [37] 5. This Week's Bond Market Sentiment - Negative sentiment: The implied ratings of "24 Anyang Iron and Steel MTN001 (Sustainable - linked)", "24 Anyang Iron and Steel MTN002 (Science and Technology Innovation Note)", "25 Anyang Iron and Steel PPN001 (Science and Technology Innovation Note)", and "25 Anyang Iron and Steel PPN002B (Science and Technology Innovation Note)" issued by Anyang Iron and Steel Group Co., Ltd. were downgraded [2] 6. Investment Recommendations - Urban investment bonds: Institutions with stable liability ends can select high - quality urban investment entities in developed regions to lock in coupon income and moderately sink to capture arbitrage opportunities at the convex points of the term structure [2][44] - Industrial bonds: Focus on high - rating short - duration industrial bonds for coupon income and increase positions on dips [2][44] - Bank capital bonds: Focus on the catch - up opportunities of secondary capital bonds at the convex points of the term structure [2][44]

Financial Performance - In 2024, the total operating revenue was CNY 29.64 billion, a decrease of 29.68% compared to the previous year[5] - The net profit attributable to shareholders was a loss of CNY 3.27 billion, compared to a loss of CNY 1.55 billion in the previous year[6] - The total assets decreased by 3.01% to CNY 42.20 billion from CNY 43.51 billion year-on-year[5] - The equity attributable to shareholders decreased by 55.14% to CNY 2.65 billion from CNY 5.90 billion year-on-year[5] - The basic earnings per share were -CNY 1.139, compared to -CNY 0.541 in the previous year[5] Industry Challenges - The steel industry faced significant downward pressure due to high costs and low demand, leading to a challenging operational environment[6] - The company is undergoing a transformation in specialty steel, which is currently facing challenges[6] Operational Strategy - The company is focusing on stabilizing production efficiency, cost reduction, and risk management amid adverse market conditions[6] - The company is in the early stages of production for certain projects, which has impacted overall performance negatively[6] Financial Reporting - The financial data presented are preliminary and may differ from the final annual report, highlighting the need for caution among investors[7]

Financial Performance - The company expects a net profit of approximately 18.1 million yuan for Q1 2025, marking a turnaround from a loss in the same period last year [2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is estimated to be around 8.2 million yuan for Q1 2025 [4]. - The earnings per share for Q1 2025 is projected to be approximately 0.006 yuan per share [5]. - In the same period last year, the company reported a net loss of 484 million yuan attributable to shareholders [7]. Operational Improvements - The company has made significant improvements in production quality and efficiency, leading to better overall performance [10]. - The transformation towards special steel products is ongoing, with a steady increase in their proportion of total production [10]. - Cost reduction and efficiency enhancement measures have been effectively implemented, resulting in significant cost savings [11]. - The company is focusing on optimizing resource allocation and improving the product mix to enhance operational efficiency [11]. Forecast Accuracy - There are no major uncertainties affecting the accuracy of this earnings forecast [12]. - The data provided is preliminary and subject to confirmation in the official Q1 2025 report [13].

安阳钢铁（600569）公告，预计2025年一季度实现归属于上市公司股东的净利润为1810万元左右，归属 于上市公司股东的扣除非经常性损益后的净利润为820万元左右；与去年同期相比，扭亏为盈。 ...

证券代码：600569 证券简称：安阳钢铁 编号：2025-023 安阳钢铁股份有限公司 关于控股子公司开展融资租赁业务暨关联交易的公告 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个别及连带责任。 重要内容提示： 安阳钢铁股份有限公司（以下简称公司）控股子公司安钢集团 永通球墨铸铁管有限责任公司（以下简称永通公司）拟以炼铁、发电、 铸管等生产配套设备作为租赁物，以售后回租方式与上海鼎易融资租 赁有限公司（以下简称上海鼎易公司）开展融资租赁业务，融资金额 不超过 5,000 万元，融资期限为 3-5 年。上述额度在董事会决议通过 之日起 12 个月内有效。 本次交易构成关联交易，本次交易未构成重大资产重组。 是否需要提交公司股东大会审议：否。 过去 12 个月内，公司与上海鼎易公司开展融资租赁业务合作 产生的关联交易金额为 6,300 万元。 一、关联交易概述 （一）关联交易基本情况 为满足公司控股子公司永通公司流动资金需求，永通公司拟以炼 铁、发电、铸管等生产配套设备作为租赁物，以售后回租方式与上海 鼎易公司开展融资租赁业务，融资金 ...

证券代码：600569 证券简称：安阳钢铁 编号： 2025—022 （一）公司关于控股子公司开展保理融资业务的议案 表决结果：同意 5 票，反对 0 票，弃权 0 票。 （二）公司关于控股子公司开展融资租赁业务暨关联交易的议案 表决结果：同意 5 票，反对 0 票，弃权 0 票。 具体内容详见同日披露于上海证券交易所网站（www.sse.com.cn） 的《安阳钢铁股份有限公司关于为控股子公司开展融资租赁业务暨关 联交易的公告》（公告编号：2025-023） 安阳钢铁股份有限公司 2025 年第三次临时监事会会议决议公告 本公司监事会及全体监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个别及连带责任。 一、监事会会议召开情况 安阳钢铁股份有限公司（以下简称公司）2025 年第三次临时监事 会会议于 2025 年 4 月 8 日以通讯方式召开，会议通知和材料已于 2025 年 4 月 3 日以通讯方式发出。会议应出席监事 5 名，实际出席 监事 5 名。本次会议由监事会主席李保红先生主持。会议的召开符合 《公司法》和《公司章程》的有关规定。 二、监事会会 ...