担保对象及基本情况 | 证券代码：603995 证券简称：甬金股份 公告编号：2025-059 | | --- | | 债券代码：113636 债券简称：甬金转债 | 甬金科技集团股份有限公司 关于为子公司提供担保的进展公告 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： | 担 | 被担保人名称 | | 广东甬金金属科技有限公司 | | | --- | --- | --- | --- | --- | | 保 | 本次担保金额 | 15,000.00 | 万元 | | | 对 | 实际为其提供的担保余额 | 28,828.28 | 万元 | | | 象 | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | 一 | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | | 担 | 被担保人名称 | | | 江苏甬金金属科技有限公司 | | 保 | 本次担保金额 | 15,000.00 | 万元 | | | 对 | 实际为其提供的担保余额 | 55,320 ...

Market Overview - On September 25, the special steel sector rose by 0.46% compared to the previous trading day, with Xianglou New Materials leading the gains [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Xianglou New Materials (301160) closed at 63.58, up 2.25% with a trading volume of 28,400 lots and a transaction value of 181 million [1] - CITIC Special Steel (000708) closed at 12.92, up 1.10% with a trading volume of 136,200 lots [1] - Jinzhu Pipeline (002443) closed at 7.35, up 0.68% with a trading volume of 144,800 lots [1] - Other notable performances include Jiuli Special Materials (002318) at 23.03, up 0.57%, and Taiyuan Iron & Steel (000825) at 3.87, up 0.52% [1] Capital Flow - The special steel sector saw a net inflow of 7.496 million from institutional investors, while retail investors contributed a net inflow of 29.624 million [2] - However, speculative funds experienced a net outflow of 37.1203 million [2] Individual Stock Capital Flow - Jinzhu Pipeline (002443) had a net inflow of 19.2741 million from institutional investors, while it faced a net outflow of 11.3191 million from speculative funds [3] - Xianglou New Materials (301160) saw a net inflow of 17.6055 million from institutional investors, with a net outflow of 12.4069 million from speculative funds [3] - Fushun Special Steel (600399) recorded a net inflow of 4.4309 million from institutional investors [3]

Investment Rating - The report maintains a "Buy" rating for the steel sector, specifically recommending stocks such as Hualing Steel, Nanjing Steel, Baosteel, and New Steel [3][6][9]. Core Insights - The report emphasizes that the current market is experiencing uneven performance, with a focus on the technology sector while traditional industries face significant adjustments. The report suggests that the era of capital oversupply is establishing a foundation for a golden period in capital markets [2]. - The report highlights that the average daily pig iron production has slightly increased, and the total inventory growth has narrowed, indicating a potential improvement in market conditions [14][26]. - The apparent consumption of steel has shown a month-on-month improvement, particularly in rebar demand, which has increased significantly [43]. Summary by Sections Market Review - The CITIC Steel Index closed at 1,778.35 points, down 2.74%, underperforming the CSI 300 Index by 2.30 percentage points, ranking 25th among 30 CITIC primary sectors [1][92]. Supply and Production - The average daily pig iron production rose by 0.5 million tons to 241.1 million tons, while the production of rebar decreased slightly, and hot-rolled production saw a minor increase [14][19]. - In August 2025, crude steel production was 77.37 million tons, a year-on-year decrease of 0.7%, while steel production increased by 9.7% to 122.77 million tons [15][8]. Inventory - Total steel inventory continued to accumulate, with a weekly increase of 0.3%, but the growth rate has narrowed by 0.6 percentage points compared to the previous week [26][28]. - The social inventory of five major steel products was 11.014 million tons, up 0.6% week-on-week and 7.3% year-on-year [28]. Demand - The apparent consumption of five major steel products was 8.503 million tons, up 0.8% month-on-month but down 4.6% year-on-year, indicating a mixed demand scenario [53]. - The average weekly transaction volume of construction steel was 106,000 tons, reflecting a 3.3% increase from the previous week [44]. Raw Materials - Iron ore prices have shown a slight increase, with the Platts 62% iron ore price index at $106.6 per ton, up 0.2% week-on-week and 17.9% year-on-year [62]. - The report notes that the coal and electricity investment completion amount reached 96 billion yuan, a year-on-year increase of 52.4%, indicating a positive outlook for related sectors [8]. Prices and Profits - The comprehensive steel price index increased by 0.5% week-on-week, suggesting a potential for continued price strength as industry fundamentals improve [72]. - The current spot price for rebar in Beijing is 3,200 yuan per ton, reflecting a 0.3% increase week-on-week [73].

Investment Rating - The report maintains a "Buy" recommendation for several steel companies, including Hualing Steel, Baosteel, Nanjing Steel, and others, based on their projected earnings and valuation metrics [3][4]. Core Insights - The steel prices are showing a strong upward trend supported by raw material costs, with significant increases in various steel products as of September 19, 2025 [1][11]. - The overall steel profit margins have improved, with notable increases in the gross margins for rebar, hot-rolled, and cold-rolled steel [1][2]. - The report indicates a shift from inventory accumulation to inventory reduction for rebar, suggesting a recovery in demand as the industry enters its peak season [3]. Price Trends - As of September 19, 2025, the prices for key steel products in Shanghai are as follows: - Rebar (20mm HRB400) at 3280 CNY/ton, up 70 CNY/ton from the previous week - High-line (8.0mm) at 3420 CNY/ton, up 60 CNY/ton - Hot-rolled (3.0mm) at 3460 CNY/ton, up 10 CNY/ton - Cold-rolled (1.0mm) at 3830 CNY/ton, up 30 CNY/ton - Common medium plate (20mm) at 3510 CNY/ton, up 50 CNY/ton [1][11][12]. Production and Inventory - As of September 19, 2025, the total production of the five major steel products was 8.55 million tons, a decrease of 1.78 million tons week-on-week, with rebar production specifically down by 5.48 million tons to 2.0645 million tons [2]. - The total social inventory of the five major steel products increased by 63,200 tons to 11.0023 million tons, while steel mill inventory decreased by 11,400 tons [2]. Profitability - The report highlights an increase in steel profitability, with gross margins for rebar, hot-rolled, and cold-rolled steel rising by 24 CNY/ton, 28 CNY/ton, and 28 CNY/ton respectively, while electric arc furnace steel margins increased by 10 CNY/ton [1][3]. Investment Recommendations - The report recommends focusing on the following companies: - For the general steel sector: Hualing Steel, Baosteel, Nanjing Steel - For the special steel sector: Xianglou New Materials, CITIC Special Steel, Yongjin Co. - For pipe materials: Jiuli Special Materials, Youfa Group, Wujin Stainless Steel - Additionally, it suggests paying attention to high-temperature alloy companies like Fushun Special Steel [3].

Core Viewpoint - Yongjin Co., Ltd. has experienced a decline in stock price and trading activity, indicating potential challenges in its market performance and investor sentiment [1][2]. Group 1: Stock Performance - As of September 18, Yongjin's stock price decreased by 2.01%, trading at 17.56 CNY per share with a total market capitalization of 6.42 billion CNY [1]. - Year-to-date, Yongjin's stock price has fallen by 1.31%, with a 3.83% drop over the last five trading days and a 4.77% decline over the past 20 days [2]. - The company has appeared on the trading leaderboard twice this year, with the most recent instance on June 12, where it recorded a net buy of -60.64 million CNY [2]. Group 2: Financial Performance - For the first half of 2025, Yongjin reported a revenue of 20.125 billion CNY, reflecting a year-on-year decrease of 0.85%, while the net profit attributable to shareholders was 303 million CNY, down 29.14% year-on-year [2]. - Since its A-share listing, Yongjin has distributed a total of 1.175 billion CNY in dividends, with 663 million CNY paid out over the last three years [3]. Group 3: Shareholder and Institutional Holdings - As of June 30, 2025, Yongjin had 20,000 shareholders, an increase of 2.42% from the previous period, with an average of 18,248 shares held per shareholder, down 2.37% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 12.4842 million shares, an increase of 32,800 shares from the previous period [3].

证券之星消息，9月17日，甬金股份（603995）融资买入991.3万元，融资偿还629.24万元，融资净买入 362.07万元，融资余额2.98亿元，近3个交易日已连续净买入累计1406.22万元，近20个交易日中有11个 交易日出现融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-09-17 | 362.07万 | 2.98亿 | 4.55% | | 2025-09-16 | 388.49万 | 2.94亿 | 4.50% | | 2025-09-15 | 655.67万 | 2.91亿 | 4.42% | | 2025-09-12 | -483.36万 | 2.84亿 | 4.27% | | 2025-09-11 | 803.47万 | 2.89亿 | 4.33% | 融券方面，当日融券卖出0.0股，融券偿还200.0股，融券净买入200.0股，融券余量1.44万股。 | 交易日 | (船) 田樹製柴湯 | | 融券余量(股) | 融券余额(元) | | --- | --- | --- | --- ...

Core Viewpoint - The company is adjusting the conversion price of its convertible bonds ("甬金转债") due to the implementation of its 2025 semi-annual profit distribution plan, which includes a cash dividend of 0.30 yuan per share [4][14]. Group 1: Convertible Bond Issuance and Adjustments - The company issued 10 million convertible bonds with a total value of 1 billion yuan, with an initial conversion price of 53.07 yuan per share [2][3]. - The conversion price has been adjusted multiple times due to various profit distribution plans, with the latest adjustment setting the price at 26.74 yuan per share effective from September 23, 2025 [4][10]. Group 2: Profit Distribution Plan - The profit distribution plan for the first half of 2025 was approved, with a cash dividend of 3 yuan for every 10 shares held, effective from the registration date [17][19]. - The total number of shares eligible for distribution is 363,608,984 after excluding shares held in the company's repurchase account [17][18]. Group 3: Tax Implications - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, while those holding for less than one year will have tax implications based on their holding period [21][22]. - The company will withhold a 10% corporate income tax for qualified foreign institutional investors (QFII), resulting in a net cash dividend of 0.27 yuan per share for them [22].

Group 1 - The company Yongjin Co., Ltd. announced its semi-annual equity distribution plan for 2025, stating a cash dividend of 0.3 yuan per share (tax included) for A-shares [1] - The record date for the equity distribution is set for September 22, 2025, with the ex-dividend date and cash dividend payment date both on September 23, 2025 [1]

关于甬金科技集团股份有限公司 北京德恒（杭州）律师事务所 差异化分红事项的法律意见 北京德恒（杭州）律师事务所 关于甬金科技集团股份有限公司 差异化分红事项的 法律意见 杭州市上城区新业路 200 号华峰国际商务大厦 10-11 楼 邮编：310016 电话：(+86)0571-86508080 传真：(+86)0571-87357755 北京德恒（杭州）律师事务所 关于甬金科技集团股份有限公司 差异化分红事项的 法律意见 德恒【杭】书（2025）第09015号 致：甬金科技集团股份有限公司 根据《中华人民共和国证券法》（以下简称《证券法》）《中华人民共和国 公司法》（以下简称《公司法》）《上海证券交易所上市公司自律监管指引第 7 号—回购股份》等法律、法规和规范性文件的要求以及《甬金科技集团股份有限 公司章程》（以下简称《公司章程》）的规定，就甬金科技集团股份有限公司 （以下简称"甬金股份"或"公司"） 2025 年半年度利润分配所涉及的差异化 分红（以下简称"本次差异化分红"）相关事项出具本法律意见。 对本法律意见的出具，本所律师特作如下声明： （一）本所律师仅依据本法律意见出具日前已经发生或存在的事实以 ...

| 证券代码：603995 | 证券简称：甬金股份 | 公告编号：2025-057 | | --- | --- | --- | | 债券代码：113636 | 债券简称：甬金转债 | | 甬金科技集团股份有限公司2025年半年度权益分派实施公告 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。 二、 分配方案 每股分配比例 A 股每股现金红利0.3元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/22 | － | 2025/9/23 | 2025/9/23 | 重要内容提示： 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 9 月 1 日的2025年第二次临时股东大会审议 通过。 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分 ...