Market Overview - The steel sector has shown a strong upward trend, with the market optimistic about a strong performance in August [1][4] - The overall A-share market experienced slight declines, with the Shanghai Composite Index down by 0.12% and the Shenzhen Component Index down by 0.26% [1][2] Steel Sector Performance - The Wande Steel Index increased by 1.26%, outperforming other sectors [4] - Notable stocks include Bayi Steel, which hit the daily limit, and other companies like Shagang and Xining Special Steel, which saw gains exceeding 5% [3][4] Demand and Supply Dynamics - In July, the supply-demand pressure for steel eased, with 4% of companies reporting full production capacity, an increase of 1% from the previous period [6] - Downstream orders showed slight improvement, with a 6% increase in companies reporting good order conditions compared to the previous period [7] Profitability Forecasts - As of August 8, 27 steel concept stocks have released half-year performance forecasts, with 15 companies expected to be profitable [9] - Notable profit forecasts include Shougang's expected net profit of 6.57 billion yuan, representing a year-on-year increase of 62.62% to 70.22% [9][10] Institutional Attention - Companies such as Jiuli Special Materials and CITIC Special Steel are receiving significant attention from institutions, with the number of rating agencies being 17 and 13 respectively [10][11]

1. 承诺忠实、勤勉地履行职责，维护公司和全体股东的合法权益。 2. 承诺不无偿或以不公平条件向其他单位或者个人输送利益，也不采用其 他方式损害公司利益。 柳州钢铁股份有限公司董事、高级管理人员 关于公司填补回报措施能够得到切实履行的承诺 根据《国务院关于进一步促进资本市场健康发展的若干意见》（国发[2014]17 号）、《国务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作的 意见》（国办发[2013]110 号）和《关于首发及再融资、重大资产重组摊薄即期 回报有关事项的指导意见》（中国证券监督管理委员会公告[2015]31 号）等相关 法律、法规和规范性文件的要求，为确保本次发行填补回报措施的切实履行，维 护柳州钢铁股份有限公司（以下简称"柳钢股份"）及其全体股东的合法权益， 作为柳钢股份董事、高级管理人员，特此承诺如下： 6. 若公司后续推出公司股权激励政策，承诺拟公布的公司股权激励的行权 条件与公司填补回报措施的执行情况相挂钩。 7. 本承诺出具日后至本次以简易程序向特定对象发行股票完毕前，如中国 证监会做出关于填补回报措施及其承诺的其它新的监管规定的，且上述承诺不能 满足中国证监会该等规定时 ...

2. 若违反上述承诺或拒不履行上述承诺，本公司同意按照中国证券监督管 理委员会和上海证券交易所等证券监管机构按照其制定或发布的有关规定、规则， 对本公司做出相关处罚或采取相关管理措施，并愿意承担相应的法律责任； 3. 如本承诺出具日至本次以简易程序向特定对象发行股票实施完毕前，中 国证券监督管理委员会作出关于填补回报措施及其承诺的其他新的监管规定，且 上述承诺不能满足该等规定时，本公司承诺届时将按照中国证券监督管理委员会 的最新规定出具补充承诺。 承诺人：广西柳州钢铁集团有限公司 广西柳州钢铁集团有限公司 关于公司填补回报措施能够得到切实履行的承诺 根据《国务院关于进一步促进资本市场健康发展的若干意见》（国发[2014]17 号）、《国务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作的意 见》（国办发[2013]110 号）和《关于首发及再融资、重大资产重组摊薄即期回报 有关事项的指导意见》（中国证券监督管理委员会公告[2015]31 号）等相关法律、 法规和规范性文件的要求，为确保本次发行填补回报措施的切实履行，维护柳州 钢铁股份有限公司（以下简称"柳钢股份"）及其全体股东的合法权益，作为柳 钢股 ...

Core Viewpoint - LiuGao Co., Ltd. plans to issue shares to specific investors through a simplified procedure, raising up to 300 million RMB for a high-quality technology upgrade project in the 2800mm medium-thick plate sector [1][2][3] Fundraising Details - The total investment for the 2800mm medium-thick plate high-quality technology upgrade project is approximately 487.68 million RMB, with the company intending to use 30 million RMB from the fundraising [2] - The issuance will target no more than 35 specific investors, including qualified institutional investors such as securities investment fund management companies, securities companies, trust companies, and qualified foreign institutional investors [2][3] Issuance Process - The shares will be ordinary shares (A-shares) with a par value of 1.00 RMB each, and the issuance will be completed within ten working days after the China Securities Regulatory Commission (CSRC) registers the decision [3][4] - The issuance price will not be lower than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [3] - The total number of shares issued will not exceed 30% of the company's total share capital before the issuance, amounting to a maximum of 768,837,960 shares [3] Shareholder Structure - As of March 31, 2025, the major shareholders include Guangxi Liuzhou Iron and Steel Group Co., Ltd., holding 74.57% of shares, and Wang Wenhui, holding 8.45% [4][5] - The actual controller of the company remains the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region, and the issuance will not change the control of the company [5] Financial Performance - LiuGao Co., Ltd. expects a significant increase in net profit for the first half of 2025, projecting a net profit attributable to shareholders of approximately 340 million to 400 million RMB, representing a year-on-year increase of 530% to 641% [5] - The expected net profit after deducting non-recurring gains and losses is projected to be between 315 million and 375 million RMB, with a year-on-year increase of 729% to 887% [5]

Group 1 - The stock price of Liugang Co., Ltd. was reported at 6.06 yuan as of August 7, 2025, with a decrease of 0.15 yuan from the previous trading day. The trading volume was 863,600 hands, and the transaction amount reached 518 million yuan [1] - Liugang Co., Ltd. is primarily engaged in steel smelting, processing, and sales, with products including medium and heavy plates, hot-rolled coils, and cold-rolled coils. The company is located in Liuzhou, Guangxi, an important steel production base in South China [1] - On the evening of August 7, the company announced plans to raise no more than 300 million yuan through a simplified procedure for a specific audience. The funds will be used entirely for the high-quality technical upgrade and transformation project of the 2800mm medium and heavy plate production line [1] - The project aims to upgrade existing production lines, including the renovation of heating furnaces and the addition of slab treatment lines, with an expected construction period of 18 months. The company stated that the completion of the technical transformation will enhance product quality and expand market share in sectors such as construction machinery and wind power [1] Group 2 - On the same day, the net outflow of main funds was 33.5877 million yuan, with a cumulative net outflow of 2.9004 million yuan over the past five days [2]

Core Viewpoint - LiuGong Co., Ltd. announced the approval of several proposals, including the issuance of shares to specific targets through a simplified procedure, during the 12th meeting of its 9th Board of Directors [2] Group 1 - The company held its 12th meeting of the 9th Board of Directors on August 7 [2] - The board approved the proposal regarding the conditions for issuing shares to specific targets using a simplified procedure [2]

Group 1: Company Performance - SMIC reported Q2 revenue of $2.21 billion, a 16% year-over-year increase, but a 1.7% decrease quarter-over-quarter [1] - China Mobile achieved a net profit of 84.2 billion yuan in the first half of 2025, a 5% year-over-year increase, with a mid-term dividend of 2.75 HKD per share, up 5.8% [2] - Huahong Semiconductor's Q2 revenue was $566.1 million, an 18.3% year-over-year increase, with Q3 revenue guidance of $620 million to $640 million [3] Group 2: Business Operations and Developments - Chuangzhong Technology clarified that it does not engage in the production of liquid-cooled servers, only participating in testing platforms, with no revenue generated from this segment in H1 2025 [4] - Shuo Beid announced it has sent samples of liquid-cooled server plates to Taiwanese clients, but the ability to pass testing and achieve mass production remains uncertain [5] - Furi Electronics stated that its subsidiary provides JDM/OEM services for service robots, but this revenue accounts for less than 1% of the company's total revenue [6] Group 3: Industry Trends and Market Movements - Sales of new energy vehicles by Seres reached 44,581 units in July, reflecting a 5.7% year-over-year increase [7] - Longyuan Power completed a power generation of 6,328.76 MWh in July, marking a 2.44% year-over-year growth [8] - Jianglong Shipbuilding won a bid for the "Blue Granary" marine economic development project, indicating ongoing infrastructure investments [8]

Core Viewpoint - Liu Steel Co., Ltd. has announced that it has not faced any penalties or regulatory measures from securities regulatory authorities or the Shanghai Stock Exchange in the past five years [1] Group 1 - The company operates in compliance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, and relevant regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange [1] - Liu Steel has been enhancing its corporate governance structure and internal control systems under the supervision and guidance of regulatory authorities [1] - The company is preparing to issue shares to specific targets through a simplified procedure, necessitating this disclosure regarding its regulatory history [1]

Core Points - The company announced that it is not required to prepare a report on the use of previously raised funds due to the elapsed time since the last fundraising [1][2] - The last fundraising occurred in February 2007, and the funds have been in place for over five accounting years, exempting the company from the reporting requirement [2] - The company has not engaged in any fundraising activities through public offerings, private placements, or other means in the last five accounting years [2] Summary by Sections - **Announcement Details** - The company held its 12th meeting of the 9th Board of Directors on August 7, 2025, where it approved the resolution regarding the exemption from preparing the previous fundraising usage report [1] - The announcement assures that the content is truthful and complete, with legal responsibility for its accuracy [1] - **Regulatory Context** - According to the China Securities Regulatory Commission, companies must prepare a report on the use of previously raised funds if the funds were raised within the last five accounting years [1] - The company is exempt from this requirement as the last funds were raised over five years ago [2] - **Fundraising History** - The company raised a total of 1,076.42 million yuan (approximately 107.64 million shares) in its last fundraising, with a net amount of approximately 1,040.18 million yuan after deducting issuance costs [2] - There have been no fundraising activities in the last five accounting years, allowing the company to proceed with a simplified procedure for issuing shares to specific targets without the need for a report [2]

Core Viewpoint - The company is preparing for a specific stock issuance aimed at raising funds for a high-quality technology upgrade project, while also addressing the potential dilution of immediate returns for existing shareholders [1][6][12]. Financial Impact Analysis - The company estimates that the total funds raised from the issuance will be 300 million yuan, with the number of shares issued not exceeding 30% of the total shares prior to the issuance [1]. - The projected net profit for the first half of 2025 is expected to be between 340 million yuan and 400 million yuan, representing an increase of 530% to 641% compared to the same period last year [2]. - Different scenarios were analyzed regarding the impact of the stock issuance on key financial metrics, including basic and diluted earnings per share [4][5]. Issuance Necessity and Reasonableness - The funds raised will be used for the "2800mm high-quality medium-thick plate technology upgrade project," which aligns with the company's long-term strategic goals and national industrial development direction [6][7]. Relationship with Existing Business - The company operates in the coke, sintering, iron, and steel smelting sectors, with a steel rolling capacity of 20.8 million tons, and the new project will enhance product quality and competitiveness [7][8]. Measures to Mitigate Dilution Risk - The company plans to implement various measures to enhance operational performance and ensure effective use of the raised funds, aiming to minimize the dilution of immediate returns for shareholders [9][11]. Commitments from Major Stakeholders - The controlling shareholder and management have made commitments to ensure the effective execution of the return compensation measures, emphasizing their dedication to protecting shareholder interests [12][13].