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 ...

证券代码：600569 证券简称：安阳钢铁 编号：2025-021 安阳钢铁股份有限公司（以下简称公司）2025 年第三次临时董事 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。 二、董事会会议审议情况 会议审议并通过了以下议案： （一）公司关于控股子公司开展保理融资业务的议案 安阳钢铁股份有限公司 2025 年第三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 关联董事程官江、罗大春、付培众依法回避了表决。公司独立董 事就此关联交易事项进行了审核。 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 ...

安阳钢铁股份有限公司 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。 安阳钢铁股份有限公司（以下简称公司）于2024年9月30日召开 2024年第十二次临时董事会会议，审议通过《公司2024年度聘请会计 师事务所及酬金预案的议案》，同意聘请众华会计师事务所（特殊普 通合伙）（以下简称众华会计师事务所）担任公司2024年度财务报告 审计机构。该议案已经公司2024年第一次临时股东大会审议通过。具 体内容详见公司2024年10月1日刊登于上海证券交易所网站（www.ss e.com.cn）的《安阳钢铁股份有限公司关于聘请2024年度会计师事务 所的公告》（公告编号：2024-072）。 近日，公司收到众华会计师事务所出具的《关于变更签字注册会 计师的函》，现将具体情况公告如下： 一、本次签字注册会计师变更的基本情况 证券代码：600569 证券简称：安阳钢铁 编号：2025-020 众华会计师事务所作为公司2024年度财务报告及内部控制审计 机构，原委派王颋麟（项目合伙人）、王玮明为签字注册会计师为公 司提供审计服务。因众华 ...

证券代码：600569 证券简称：安阳钢铁 公告编号：2025-019 安阳钢铁股份有限公司 2025 年第一次临时股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 608 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,623,715,864 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 56.5277 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，董事长程官江先生担任本次股东大会主持 人主持会议。本次股东大会采用现场投票和网络投票相结合的方式表决，会议的 (一) 股东大会召开的时间：2025 年 3 月 25 日 (二) 股东大会召开的地点：河南省安阳市殷都区安钢大道 502 号 公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东 ...