Core Viewpoint - The steel industry is accelerating its "anti-involution" efforts, with a focus on capacity reduction and optimization, as outlined in the "Steel Industry Stabilization Growth Work Plan (2025-2026)" issued by multiple government departments [1][2] Group 1: Industry Goals and Measures - The main goal of the plan is to achieve an average annual growth of about 4% in the steel industry's added value from 2025 to 2026 while prohibiting new capacity and implementing production cuts [1][2] - The plan emphasizes enhancing supply-demand adaptability through five key measures: strengthening industry management, promoting technological innovation, expanding effective investment, increasing market demand, and deepening open cooperation [2][3] Group 2: Current Industry Challenges - The steel industry is facing significant downward pressure due to a prolonged demand decline influenced by the real estate and infrastructure sectors, leading to an oversupply of crude steel [2][4] - The net asset return rate for the ordinary steel sector was only 0.93% in the first half of 2025, marking a historical low since 2010 [2] Group 3: Financial Performance and Market Reaction - The steel sector's revenue decreased by approximately 10% year-on-year in the first half of the year, with many companies reporting losses [5] - The average price-to-book ratio (PB) for the ordinary steel sector is currently at 0.74, significantly lower than peaks in 2017 and 2021, indicating a historical low valuation [5][6] - Following the announcement of the new plan, there has been a notable increase in stock prices for several steel companies, with some experiencing gains of over 5% [1][6] Group 4: Future Outlook - Analysts suggest that the focus on capacity reduction and the shift towards high-value, low-carbon, and intelligent production methods may lead to a recovery in profitability and valuation for leading steel companies [3][4] - The market is expected to closely monitor the implementation of production cuts and the resulting effects on the industry [6]

Group 1 - The steel sector experienced a decline at the beginning of trading, with Shougang Corporation hitting the limit down [1] - Bayi Steel fell over 4%, while other companies such as Xining Special Steel, New Steel, and Wujin Stainless Steel also saw declines [1]

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 ...

新疆八一钢铁股份有限公司发布部分股权激励限制性股票回购注销实施公告。因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未达成，以及部分激励对象岗位调动、退休、离职不再具备资格， 公司经股东大会批准，将回购注销相关限制性股票。本次回购注销涉及206人，合计5793600股，回购价 格根据不同情况为3.13元/股或3.28元/股加银行同期定期存款利息。预计9月23日完成注销，注销后公司 总股本将由1538691470股变更为1532897870股。 ...

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]

在很多人印象中，钢铁厂意味着轰鸣的机器、高温的炉火和弥漫的烟尘，但在乌鲁木齐的新疆八一钢铁 集团有限公司（以下简称"八钢"），却藏着一个天鹅湖：绿树掩映之间，一池碧水静静流淌，天鹅悠然 划过水面，鸭子成群结队嬉戏。这是八一钢铁文化工业旅游景区的湖景。 钢铁厂与生态园，两个本不相干的词，在八钢实现了美丽的交汇。中青报·中青网记者近日随"砥砺奋进 七十载 天山南北谱华章"采访团走进八钢，亲眼见证了一个重工业企业如何把绿色作为发展的底色，用 科技书写环保答卷。 "这些年，我们不仅在能源环保领域大量投入，而且着眼未来发展积极做好专业人才储备。"八钢总经 理、党委副书记何宇城表示，"以前是高能耗，现在我们是零排放、低碳化。绿色发展，是八钢的未 来。" 作为以钢铁为主题的国家3A级工业旅游景区，八一钢铁文化工业旅游景区每年接待游客数万人。在这 里，绿色是推动钢铁产业转型升级的重要引擎。 这座污水处理厂不仅能将生产废水、生活污水净化至"绿化标准"，还能将其进一步深度处理至饮用水级 别。记者在采访现场饮到了这种深度净化水，味道清甜可口。 天鹅湖中的水是"西域源"处理后的再生水。这水不仅养活了湖中的鱼，也浇灌着厂区内外的绿色植 ...