Group 1 - The A-share market saw a strong performance in steel stocks, with Shougang Co. hitting the daily limit, Falsen rising nearly 6%, and other companies like Bayi Steel and Guangda Special Materials increasing over 3% [1] - On September 18, the China Iron and Steel Association's Iron Ore Working Committee held a meeting in Beijing to analyze the current iron ore market situation and discuss upcoming work related to the import iron ore port spot price index [1] - The meeting was attended by procurement business leaders from domestic steel production and iron ore trading companies [1] Group 2 - Shougang Co. had a market capitalization of 39.4 billion and a year-to-date increase of 67.56% [2] - Falsen's market capitalization was 1.93 billion with a year-to-date increase of 45.11% [2] - Bayi Steel had a market capitalization of 7.17 billion and a year-to-date increase of 51.79% [2] - Guangda Special Materials had a market capitalization of 7.399 billion and a year-to-date increase of 74.20% [2] - Wujin Stainless Steel had a market capitalization of 4.146 billion with a year-to-date increase of 31.49% [2] - Xining Special Steel had a market capitalization of 10.9 billion and a year-to-date increase of 49.33% [2]

Core Viewpoint - The company announced the repurchase and cancellation of restricted stocks due to unmet performance targets in the 2021 A-share incentive plan, affecting a total of 5,793,600 shares [1][2][5]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase of 4,812,360 shares at a market price of 3.13 CNY per share was approved due to the failure to meet performance targets for the third release period of the 2021 incentive plan [1][5]. - An additional 909,160 shares will be repurchased from 28 individuals who are no longer eligible due to job changes or retirement, at a price of 3.28 CNY per share plus bank interest [1][6]. - The company will also repurchase 72,080 shares from 3 individuals who left for personal reasons, at the market price of 3.13 CNY per share [1][6]. Decision and Disclosure Process - The decision for the stock repurchase was made during the 22nd meeting of the 8th Board of Directors and the 18th Supervisory Board meeting on April 25, 2025 [2]. - The proposal was approved at the 2024 annual shareholders' meeting held on June 24, 2025 [3]. Repurchase Details - The total number of shares to be repurchased is 5,793,600, involving 206 individuals including the former chairman and vice chairman [7]. - The repurchase is expected to be completed by September 23, 2025, resulting in a reduction of the total share capital from 1,538,691,470 shares to 1,532,897,870 shares [8]. Compliance and Legal Assurance - The company confirmed that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of the incentive targets or creditors [10]. - A legal opinion has been obtained confirming that the repurchase complies with applicable laws and regulations [10].

证券代码：600581 证券简称：八一钢铁 公告编号：临 2025-050 新疆八一钢铁股份有限公司 关于部分股权激励限制性股票回购注销实施公告 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 重要内容提示： 回购注销原因： 1. 根据新疆八一钢铁股份有限公司（以下简称"公司"）《2021 年 A 股限制性 股票激励计划（草案）》（以下简称《激励计划》）第八章第二条 3（3）款及《2021 年 A 股限制性股票激励计划管理办法》，鉴于公司 2021 年限制性股票激励计划第三 个解除限售期业绩考核目标 2024 年归属于上市公司股东的扣除非经常性损益的加权 平均净资产收益率、利润总额（扣除非经常性损益）、年度 EVA 考核目标及复核增长 率均未达到 2021 年限制性股票激励计划第三个解除限售期解除限售条件，经公司 2024 年度股东大会审议批准，同意按照市价 3.13 元/股，回购注销 175 名激励对象第 三个解除限售期不满足解除限售条件的限制性股票 4,812,360 股； 2. 根据《激励计划》第十三章第四条第 2 款的规定，鉴于 2021 年限制性股票激 励计划授予对象中 28 人 ...

T&P 天阳律师事务所 八一钢铁 2021 年限制性股票激励计划回购注销实施情况之法律意见书 新疆天阳律师事务所 关于 新疆八一钢铁股份有限公司 2021 年限制性股票激励计划 回购注销部分限制性股票实施情况 r 法律意见书 天阳证发字[2025]第 07 号 乌鲁木齐市水磨沟区红光山路 888 号绿城广场写字楼 2A 座 7 层 邮编：830009 电话（0991）2822795 传真:（0991）3550219 I 目 录 | 第一节 | 律师声明事项 . | | --- | --- | | 第二节 | 法律意见书正文 | | | 一、本激励计划的实施情况 | | | 二、关于本次回购注销的具体情况 . | | | 三、结论意见 | | 第三节 | 结尾 11 | 2 the subject of the subject of … ........ T&P 天阳律师事务所 八一钢铁 2021 年限制性股票激励计划回购注销实施情况之法律意见书 ・・ T&P 天阳律师事务所 八一钢铁 2021 年限制性股票激励计划回购注销实施情况之法律意见书 新疆天阳律师事务所关于新疆八一钢铁股份有限公司 2021 年限制性 ...

Core Viewpoint - Xinjiang Bayi Steel Co., Ltd. announced the repurchase and cancellation of certain restricted stock options due to unmet performance targets and changes in the eligibility of some incentive recipients [1] Group 1: Stock Repurchase Details - The company will repurchase and cancel a total of 5,793,600 shares involving 206 individuals [1] - The repurchase price will be either 3.13 CNY or 3.28 CNY per share, plus interest based on the bank's current term deposit rates [1] - The cancellation is expected to be completed by September 23, resulting in a reduction of the total share capital from 1,538,691,470 shares to 1,532,897,870 shares [1]

Market Overview - On September 17, the steel sector experienced a decline of 0.37%, with Liugang Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Individual Stock Performance - Notable performers included: - Shougang Co., Ltd. with a closing price of 4.65, up 1.97% and a trading volume of 1.3655 million shares, totaling 613 million yuan [1] - Xinxing Ductile Iron Pipes Co., Ltd. closed at 3.89, up 0.78% with a trading volume of 561,500 shares, totaling 217 million yuan [1] - Conversely, Liugang Co., Ltd. closed at 5.44, down 2.68% with a trading volume of 405,800 shares, totaling 221 million yuan [2] Capital Flow Analysis - The steel sector saw a net outflow of 405 million yuan from main funds, while retail funds had a net inflow of 215 million yuan [2] - The capital flow for specific stocks showed: - Shougang Co., Ltd. had a net inflow of 35.54 million yuan from main funds, while retail funds saw a net outflow of 73.42 million yuan [3] - Huazhong Steel Co., Ltd. experienced a net outflow of 53.46 million yuan from main funds and a net inflow of 17.60 million yuan from retail funds [3]

Market Performance - On September 16, the steel sector rose by 0.03% compared to the previous trading day, with Linggang Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Linggang Co., Ltd. (600231) closed at 2.22, with a gain of 3.26% and a trading volume of 535,500 shares [1] - Shougang Co., Ltd. (000959) closed at 4.56, up 2.93%, with a trading volume of 1,214,500 shares [1] - Bayi Steel (600581) closed at 4.74, up 2.82%, with a trading volume of 1,132,200 shares [1] - Chongqing Steel (601005) closed at 1.58, up 2.60%, with a trading volume of 3,644,500 shares [1] - Shandong Steel (600022) closed at 1.60, up 2.56%, with a trading volume of 2,107,700 shares [1] Capital Flow Analysis - The steel sector experienced a net outflow of 293 million yuan from institutional investors, while retail investors saw a net inflow of 292 million yuan [2] - The main capital inflow and outflow for specific stocks included Shougang Co., Ltd. with a net inflow of 12.7 million yuan from main investors [3] - Huazhong Steel (000932) had a net inflow of 77.78 million yuan from main investors, while experiencing a net outflow of 40.31 million yuan from speculative investors [3]

Core Viewpoint - The transformation of Xinjiang Bayi Steel Group Co., Ltd. (Bayi Steel) showcases how a heavy industry can integrate ecological practices and green technology, achieving a balance between industrial production and environmental sustainability [1][2][3] Group 1: Environmental Initiatives - Bayi Steel has invested nearly 200 million yuan in the "Xiyu Source" wastewater treatment project, capable of processing 60,000 cubic meters of wastewater daily [2] - The wastewater treatment facility purifies both industrial and domestic wastewater to "greening standards" and can further treat it to drinking water quality [2] - The company has achieved zero wastewater discharge and is recognized for its ultra-low emissions of waste gases and internal solid waste digestion, setting a benchmark for green development in the steel industry [2] Group 2: Green Development Strategy - The company has a greening rate of over 51% in its factory area, blending industrial operations with ecological landscapes [1][2] - Bayi Steel aims to continue its path of green and smart development, emphasizing ecological priority and innovation as core strategies for future growth [3] - The company has received "low carbon emission steel" certification for all its steel products, positioning itself at the forefront of the industry [2][3] Group 3: Cultural and Economic Impact - As a national 3A-level industrial tourism site, Bayi Steel attracts tens of thousands of visitors annually, highlighting the role of green initiatives in transforming the steel industry [3] - The integration of ecological practices has not only improved the environment but also contributed to the economic benefits of the region, demonstrating that heavy industries can have a sustainable future [3]

Core Viewpoint - The company held a successful online performance briefing for the first half of 2025, achieving a 100% response rate to investor questions, indicating strong engagement with stakeholders [1] Group 1: Market Strategy and Performance - The company aims to ensure that resource allocation in Xinjiang and the Hexi Corridor exceeds 90%, leveraging local market advantages and maintaining a market share of over 60% in Xinjiang [2][9] - The company is actively seeking project collaboration opportunities, including involvement in the Yajiang Hydropower Station and the New Tibet Railway, while focusing on improving operational performance through refined management strategies [2][4] - The company reported a 60% year-on-year increase in export sales to Central Asia, with established marketing services in Kazakhstan, Uzbekistan, and Kyrgyzstan [9] Group 2: Operational Improvements - The company emphasizes cost reduction and product differentiation to enhance profitability, while maintaining a focus on efficient production and inventory management [4][5] - The company is committed to a strategic framework that combines market-driven and operational-driven approaches to improve overall performance and competitiveness [11] - The company plans to enhance quality management and accelerate product structure transformation to strengthen its core competitiveness [11] Group 3: Future Outlook - The company is optimistic about improving its operational performance in the second half of 2025, driven by strategic initiatives and market demand [5][11] - The company is closely monitoring key engineering projects and market opportunities to maximize its participation and resource supply advantages [9][10]

Market Overview - The Shanghai Composite Index fell by 0.12% on September 12, with 9 out of the 28 sectors rising, led by non-ferrous metals and real estate, which increased by 1.96% and 1.51% respectively [1] - The steel industry ranked third in terms of daily gains, rising by 1.41% [2] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 53.64 billion yuan, with 6 sectors seeing net inflows, primarily in the non-ferrous metals sector, which had a net inflow of 2.168 billion yuan [1] - The non-bank financial sector had the largest net outflow, totaling 8.138 billion yuan, followed by the electronics sector with a net outflow of 7.517 billion yuan [1] Steel Industry Performance - The steel industry saw a net inflow of 214 million yuan, with 33 out of 44 stocks in the sector rising, including one stock hitting the daily limit [2] - The top three stocks with the highest net inflow in the steel sector were Hualing Steel with 180 million yuan, followed by Bayi Steel with 171 million yuan, and Tai Steel with 60.46 million yuan [2] Individual Stock Performance - The top performers in the steel sector included Hualing Steel, which rose by 5.42%, and Bayi Steel, which increased by 10.02% [2][3] - The stocks with the largest net outflows included Baosteel with a net outflow of 209 million yuan, Hangang with 85.26 million yuan, and Baogang with 62.14 million yuan [2][3]