Financial Performance - The company reported a total revenue of RMB 10 billion for the fiscal year, representing a year-on-year increase of 15%[10]. - Operating revenue for 2024 was CNY 81.82 billion, a decrease of 17.30% compared to CNY 98.94 billion in 2023[18]. - Net profit attributable to shareholders was a loss of CNY 4.66 billion in 2024, compared to a loss of CNY 1.33 billion in 2023[18]. - The net cash flow from operating activities decreased by 51.76% to CNY 960.87 million in 2024 from CNY 1.99 billion in 2023[18]. - Total assets at the end of 2024 were CNY 78.96 billion, down 6.61% from CNY 84.55 billion at the end of 2023[20]. - Basic earnings per share for 2024 were CNY -0.605, compared to CNY -0.172 in 2023[21]. - The weighted average return on equity decreased to -18.30% in 2024, down 13.63 percentage points from -4.67% in 2023[21]. - The group's operating revenue was RMB 81.82 billion, a year-on-year decrease of 17.30%, while the net loss attributable to shareholders was RMB 4.66 billion, an increase in loss of 251.06% compared to the previous year[53]. Market and User Growth - User data showed an increase in active users by 20% compared to the previous year, reaching 5 million active users[10]. - The company expects a revenue growth forecast of 10% for the next fiscal year, driven by new product launches and market expansion strategies[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share in the region by 2025[10]. - The sales volume of automotive plates exceeded 3 million tons, reaching 3.15 million tons for the first time[30]. - The sales volume of key products reached 4.82 million tons, a year-on-year increase of 130,000 tons, with automotive sheets sales at 3.15 million tons, up 10.5% year-on-year[32]. - The company exported a total of 1.42 million tons, with H-beam exports at 698,000 tons, maintaining the top position in domestic exports[31]. Research and Development - Investment in R&D for new technologies increased by 25%, focusing on high-end and green steel production[10]. - The company applied for 423 patents in 2024, with 388 being inventions, resulting in an invention ratio of 91.7%[52]. - The company has a total of 2,588 effective authorized patents, including 1,577 invention patents, showcasing its extensive innovation capabilities[52]. - Research and development expenses totaled RMB 36.46 million, accounting for 4.46% of operating revenue, with no capitalized R&D expenditures[78]. - The company is committed to increasing R&D efforts for new products, including rail transit special steel and high-end cold-rolled coated steel sheets[125]. Operational Efficiency - The company has implemented a new operational strategy aimed at improving efficiency, projected to reduce costs by 5%[10]. - The company achieved an annual efficiency improvement of 950 million yuan through dynamic tracking and monthly reviews of 44 key performance indicators[31]. - The inventory turnover days decreased from 52 days at the beginning of the year to 43 days by year-end, indicating improved cash flow management[34]. - The company implemented a "2343" operational strategy focusing on low cost and high output in iron production, and high quality and efficiency in steel rolling[30]. - The production and sales rate of steel products was maintained at 99.65%, with total production of long products at 824.2 thousand tons and sales at 823.8 thousand tons, both down approximately 20% year-on-year[68]. Financial Stability - The company has maintained a strong balance sheet with a debt-to-equity ratio of 0.4, indicating financial stability[10]. - The company's total borrowings amounted to RMB 21.252 billion, with a debt-to-asset ratio of 65.40%, an increase of 3.59 percentage points from the previous year[82]. - Short-term borrowings increased by 20.33%, reflecting adjustments in interest-bearing debt structure to meet operational funding needs[91]. - The company reported a significant increase in non-operating expenses by 933.54%, mainly due to fixed asset write-off losses and other non-recurring items[62]. Strategic Initiatives - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 15%[10]. - The company plans to reduce production and sales of rebar and H-beams while increasing sales of special steel and galvanized automotive plates, responding to changes in downstream industry demand[44]. - The company is actively integrating into the China Baowu ecosystem, optimizing operational processes and enhancing sales channels through online and offline integration[46]. - The company aims to leverage its geographical advantages and strengthen cooperation with surrounding areas to expand its market presence[47]. Risk Management - The company faces several risks including safety, environmental protection, commodity price fluctuations, and currency interest rate volatility, with specific measures in place to mitigate these risks[135]. - The company’s risk management measures include a comprehensive evaluation system for hedging activities, with reports submitted to the board every six months[117]. - The risk management system focuses on identifying major risks and implementing control measures to ensure that key risks remain under control[166]. Corporate Governance - The board of directors consists of seven members, with four independent non-executive directors, representing 57% of the board[143]. - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and general manager, ensuring effective checks and balances[142]. - The company has implemented a stock incentive plan to align the interests of management with those of shareholders[157]. - The board ensures transparency in information disclosure and is responsible for significant operational decisions, including major investments and financial planning[150]. Future Outlook - The company plans to produce 18.72 million tons of pig iron, 20.97 million tons of crude steel, and 20.10 million tons of steel products in 2025[127]. - The company aims to enhance product export ratios and expand international operations to cultivate new profit growth points[125]. - The company plans to maintain cash flow management, ensuring that the ratio of actual cash flow to expected cash flow is not less than 100%[133]. - The company is committed to enhancing user satisfaction by establishing a feedback system centered around customer needs and market orientation[128].

特此公告。 马鞍山钢铁股份有限公司董事会 马鞍山钢铁股份有限公司（"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。 根据上海证券交易所的相关规定，公司现将 2025 年第一季度的 主要经营数据公告如下： 单位：万吨 | 主要产品 | 生产量 | 销售量 | 销售价格（元/吨） | | --- | --- | --- | --- | | 长材 | 225 | 221 | 3,256 | | 板材 | 240 | 246 | 3,824 | | 轮轴 | 6 | 6 | 11,219 | | 商品坯 | 19 | 19 | 4,433 | 股票代码：600808 股票简称：马钢股份 公告编号： 2025-018 马鞍山钢铁股份有限公司 2025 年第一季度主要经营数据公告 2025 年 4 月 29 日 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 19.42 billion, a decrease of 4.74% compared to CNY 20.39 billion in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 144.08 million, an improvement from a loss of CNY 310.99 million year-on-year[3]. - The basic and diluted earnings per share were both -CNY 0.02, compared to -CNY 0.04 in the same period last year[3]. - The company's net loss attributable to shareholders decreased by 53.67% year-on-year in the first three months of 2025[10]. - The net profit for the first quarter of 2025 was -107,190,885 RMB, an improvement from -345,636,933 RMB in the same period of 2024, indicating a reduction in losses by approximately 69%[17]. - The total comprehensive income for the first quarter of 2025 was -107,049,466 RMB, compared to -353,833,302 RMB in the first quarter of 2024, reflecting a significant decrease in overall losses[17]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 264.56 million, a significant recovery from a negative cash flow of CNY 1.31 billion in the previous year[3]. - Operating cash flow for the first quarter of 2025 was 264,555,584 RMB, a turnaround from -1,307,684,219 RMB in the first quarter of 2024, showing a positive cash flow shift[20]. - The company’s cash and cash equivalents increased to approximately RMB 6.94 billion as of March 31, 2025, compared to RMB 6.43 billion at the end of 2024[13]. - Total cash and cash equivalents at the end of the first quarter of 2025 amounted to 4,364,094,631 RMB, up from 3,790,025,067 RMB at the end of the first quarter of 2024[20]. - Cash inflow from financing activities in the first quarter of 2025 was 6,576,366,804 RMB, an increase from 5,652,273,785 RMB in the first quarter of 2024[20]. - The company reported a decrease in cash outflow from operating activities, totaling 17,683,724,039 RMB in the first quarter of 2025, down from 20,261,462,308 RMB in the same period of 2024[20]. - The company reported a net cash outflow from investing activities of -488,787,562 RMB in the first quarter of 2025, slightly better than -519,459,483 RMB in the first quarter of 2024[20]. Operational Efficiency - The company plans to continue focusing on cost reduction and improving operational efficiency in response to fluctuating raw material prices[6]. - The total operating costs for Q1 2025 were approximately RMB 19.63 billion, down from RMB 20.86 billion in Q1 2024, indicating a year-on-year decrease of 5.93%[16]. - The company achieved a monthly average pig iron output of 42,500 tons in March 2025, with a fuel ratio decrease of 10 kg and a pig iron cost reduction of RMB 130 per ton compared to the previous month[10]. - The company’s focus on cost reduction led to a 20.2% year-on-year increase in sales volume of key steel products and a 17.7% increase in automotive plate sales[11]. Shareholder Information - The company reported a total of 135,680 ordinary shareholders at the end of the reporting period[8]. - The largest shareholder, Ma Steel (Group) Holding Co., Ltd., held 48.35% of the shares, totaling approximately 3.73 billion shares[9]. Asset and Liability Management - Total assets at the end of the reporting period were CNY 78.53 billion, a slight decrease of 0.54% from CNY 78.96 billion at the end of the previous year[3]. - The total liabilities decreased slightly to approximately RMB 51.31 billion as of March 31, 2025, from RMB 51.64 billion at the end of 2024[14]. - The company’s total assets amounted to approximately RMB 78.53 billion as of March 31, 2025, down from RMB 78.96 billion at the end of 2024[14]. Production Metrics - In Q1 2025, the company produced 4.57 million tons of pig iron, 5.15 million tons of crude steel, and 4.90 million tons of finished steel products, representing year-on-year increases of 1.68%, 4.99%, and 5.18% respectively[10]. - The company completed the transfer of its main steel assets to Maanshan Iron & Steel Co., Ltd. on February 28, 2025, with Maanshan achieving a net profit of RMB 41 million in March 2025[11].

Core Viewpoint - The strategic investment of approximately 9 billion yuan by Baosteel Co., Ltd. in Maanshan Iron & Steel Co., Ltd. marks a significant step in the internal asset integration of China Baowu Steel Group, aimed at optimizing capacity layout and enhancing market influence in the steel industry [2][4][7]. Investment Details - Baosteel plans to acquire a 35.42% stake in Maanshan Iron & Steel for 5.139 billion yuan and simultaneously increase its capital by 3.861 billion yuan, resulting in a total investment of about 9 billion yuan [3][4]. - After the transaction, Baosteel will hold 49% of Maanshan Iron & Steel, becoming the second-largest shareholder, while Maanshan Iron & Steel will retain a controlling stake of 51% [4]. Industry Context - The steel industry has been facing challenges due to market supply-demand imbalances and fluctuating raw material prices, leading to a divergence in company performance [5][6]. - Baosteel has demonstrated strong resilience and profitability, with a reported revenue of 242.856 billion yuan in the first three quarters of 2024, a decrease of 4.77% year-on-year, and a net profit of 5.882 billion yuan, down 29.56% [5]. Strategic Implications - The investment is seen as a crucial part of China Baowu's internal asset integration strategy, which aims to address competition issues between Baosteel and Maanshan Iron & Steel and enhance overall industry consolidation [4][7]. - The collaboration is expected to optimize production capacity and improve product structure, as Baosteel's strengths in certain steel products complement Maanshan's capabilities in others [8]. Market Positioning - Baosteel's entry into Maanshan Iron & Steel is anticipated to strengthen its market presence in East China, enhancing its competitive edge and market share in the region [8]. - The investment aligns with Baosteel's strategic goals, allowing for better resource allocation and increased competitiveness in high-end steel products [8].

长江商报消息 ●长江商报记者 沈右荣 钢铁"巨无霸"中国宝武钢铁集团（简称"中国宝武"）内部资产整合提速。 4月17日晚，中国宝武核心成员宝钢股份（600019.SH）发布公告，公司拟以51.39亿元现金收购马鞍山 钢铁有限公司（以下称"标的公司"、"目标公司"或"马钢有限"）35.42%股权，同步以38.61亿元现金增资 马钢有限。本次交易完成后，公司将持有马钢有限49%股权。 本次交易构成关联交易，宝钢股份及马钢有限均为中国宝武旗下成员。 目前，受市场行情影响，钢铁行业企业经营整体承压。2024年，马钢有限亏损41.74亿元。 行业景气度不高，宝钢股份收购亏损公司，是否会对公司自身经营业绩产生不利影响？ 宝钢股份表示，如果马钢有限入股，有效提升双方竞争力，实现协同联动发展并利益共享。 宝钢股份经营表现出色。2024年前三季度，公司实现营业收入2428.56亿元，同比下降4.91%；归属母公 司股东的净利润（以下简称"归母净利润"）58.82亿元，继续保持盈利状态。 拟90亿入股马钢有限 宝钢股份出手，标的是马钢有限。 根据公告，宝钢股份拟以51.39亿元现金收购A股公司马钢股份持有的马钢有限35.42%股 ...

重要公告： 华鲁恒升：拟2亿元—3亿元回购股份用于注销 亚振家居：控股股东筹划控制权变更事项股票18日起停牌 中国联通：一季度净利润同比增长6.5% 同飞股份：一季度净利润同比增长1104.89% 长盈精密：2024年净利润同比增长800.24% 拟10派1.3元 沪市重要公告： 华鲁恒升：拟2亿元—3亿元回购股份用于注销 亚振家居（603389）公告，因公司控股股东上海亚振投资有限公司正在筹划重大事项，该事项可能导致 公司控制权发生变更，经公司申请，公司股票将于2025年4月18日（星期五）开市起停牌，停牌时间不 超过2天。 圣泉集团：一季度净利润同比增长50.46% 圣泉集团（605589）公告，第一季度实现营业收入24.59亿元，同比增长15.14%；净利润2.07亿元，同 比增长50.46%；基本每股收益0.25元。 中国联通：一季度净利润同比增长6.5% 中国联通（600050）公告，公司2025年第一季度实现营业收入1033.5亿元，同比增长3.9%；归属于母公 司净利润26.1亿元，同比增长6.5%；基本每股收益0.083元。 华鲁恒升（600426）公告，公司拟2亿元—3亿元回购股份用于注销并 ...

Core Viewpoint - The transaction between Maanshan Iron & Steel Co., Ltd. (Ma Steel) and Baosteel Co., Ltd. involves the transfer of a 35.42% stake in Ma Steel's wholly-owned subsidiary, Maanshan Steel Co., Ltd. (Ma Steel Limited), to Baosteel for approximately 5.139 billion yuan, along with a cash capital increase of 3.861 billion yuan into Ma Steel Limited by Baosteel [1][3] Group 1 - Ma Steel will reduce its ownership in Ma Steel Limited from 100% to 51%, while Baosteel will acquire a 49% stake [1] - The transaction includes the signing of a share transfer agreement and a shareholder agreement between Ma Steel, Baosteel, and Ma Steel Limited [1] - The capital increase will consist of 266 million yuan added to the registered capital and 3.595 billion yuan to the capital reserve of Ma Steel Limited [1] Group 2 - As of February 28, 2025, the net asset valuation of Ma Steel Limited is assessed at 14.506 billion yuan, reflecting an increase of 1.977 billion yuan (15.78%) compared to the audited net assets attributable to the parent company [2] - The valuation shows a significant increase of 4.429 billion yuan (43.95%) compared to the book value of 10.077 billion yuan of Ma Steel Limited [2] Group 3 - The total consideration for Baosteel to acquire a 49% stake in Ma Steel Limited through the share purchase and capital increase amounts to 9 billion yuan [3] - The transaction is expected to optimize the capital structure of Ma Steel and enhance its capital strength, providing financial support for future development [3] - Baosteel's investment is aligned with its strategic planning and aims to leverage its competitive advantages to enhance both companies' market influence and competitiveness [4]

马鞍山钢铁股份有限公司（"本公司"或"公司"、"马钢股份"）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： 本公司拟向关联方宝山钢铁股份有限公司（"宝钢股份"）转让公司全 资子公司马鞍山钢铁有限公司（"马钢有限"） 35.42%股权，预计交易金额约 人民币 51.39 亿元；宝钢股份拟以现金方式向马钢有限增资人民币 38.61 亿元， 本公司放弃增资认缴权。上述交易金额仅为预计金额，最终以经有权备案机构备 案的马钢有限的净资产评估值为基准确定。 上述交易完成后，本公司持有马钢有限的股权将由 100%下降至 51%，宝 钢股份将持有马钢有限 49%股权。 本次交易构成关联交易，未构成重大资产重组。 本次交易已经公司第十届董事会第三十七次会议审议通过，尚待公司股 东大会审议。本次交易标的公司评估报告尚需有权备案机构备案。 H 股公告，另行发出。 一、关联交易概述 股票代码：600808 股票简称：马钢股份 公告编号：2025-017 马鞍山钢铁股份有限公司 关于子公司引进投资者暨关联交易公告 2025 年 4 月 ...

股票代码：600808 股票简称：马钢股份 公告编号：2025-016 表决情况为：同意 3 票，反对 0 票，弃权 0 票。 特此公告。 马鞍山钢铁股份有限公司监事会 2025 年 4 月 17 日 一、监事会会议召开情况 2025 年 4 月 17 日，公司第十届监事会第二十六次会议在马钢办 公楼召开。会议应到监事 3 名，实到监事 3 名，会议由监事会主席洪 功翔先生主持。本次监事会会议的召开符合有关法律法规及公司章程 的规定。 二、监事会会议审议情况 审议通过《关于引进宝山钢铁股份有限公司参股马鞍山钢铁有限 公司的议案》。 会议认为：该议案符合法律、法规及《公司章程》的规定，符合 公司长远发展需要，同意提呈公司股东大会审议批准。 马鞍山钢铁股份有限公司 监事会决议公告 马鞍山钢铁股份有限公司（"本公司"或"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。 ...

股票代码：600808 股票简称：马钢股份 公告编号：2025-015 马鞍山钢铁股份有限公司 董事会决议公告 马鞍山钢铁股份有限公司（"本公司"或"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 2025 年 4 月 17 日，公司第十届董事会第三十七次会议在马钢办 公楼召开，会议应到董事 7 名，实到董事 7 名，会议由董事长蒋育翔 先生主持。本次董事会会议的召开符合有关法律法规及公司章程的规 定。 二、董事会会议审议情况 同意《关于引进宝山钢铁股份有限公司参股马鞍山钢铁有限公司 的议案》。 因涉关联交易，关联董事蒋育翔、毛展宏回避表决，表决结果： 同意 5 票，反对 0 票，弃权 0 票。已经独立董事专门会议审议通过。 具体内容详见本公司同日发布的《马鞍山钢铁股份有限公司关于子公 司引进投资者暨关联交易公告》（公告编号：2025-017）。 该议案将提交公司股东大会审议，经非关联股东批准后方可实 施。股东大会通知将另行发出。 特此公告。 马鞍山钢铁股份有限公司董事会 2025 年 4 月 ...