Group 1 - The company, Yongjin Co., stated that as of September 10, 2025, the number of shareholders is 20,036 [2]

| 证券代码：603995 | 证券简称：甬金股份 | 公告编号：2025-056 | | --- | --- | --- | | 债券代码：113636 | 债券简称：甬金转债 | | 重要内容提示： 证券停复牌情况：适用 因实施权益分派,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | | | | 113636 | 甬金转债 | 可转债转股停牌 | 2025/9/16 | | | | 自 2025 年半年度权益分派实施公告前一交易日（2025 年 9 月 16 日）至权益 分派股权登记日期间，"甬金转债"将停止转股。 一、2025 年半年度权益分派方案的基本情况 甬金科技集团股份有限公司（以下简称或"公司"）分别于 2025 年 8 月 13 日、 2025 年 9 月 1 日召开第六届董事会第十二次会议、2025 年第二次临时股东大会， 审议通过了公司《关于公司 2025 年半年度利润分配预案的议案》， ...

Investment Rating - The report maintains a "Buy" recommendation for several steel companies, including Hualing Steel, Baosteel, Nanjing Steel, and others, indicating a positive outlook for the sector [3][4]. Core Viewpoints - The steel industry is experiencing a dual weakness in supply and demand due to environmental production restrictions, with a focus on the recovery during peak demand seasons [3][4]. - Short-term impacts from environmental restrictions are expected to ease, leading to a gradual recovery in both supply and demand [3][4]. - Long-term capacity regulation remains a key theme, with expectations for more precise management to promote industry consolidation and improve profitability for steel companies [3][4]. Price Trends - As of September 5, 2025, steel prices showed mixed trends, with rebar prices at 3,260 CNY/ton, up 10 CNY/ton from the previous week, while other products like high-line and cold-rolled steel saw price declines [1][9]. - The report notes that the average price changes for various steel products over the past month and year reflect a complex market environment, with some products experiencing price increases while others decline [10][24]. Production and Inventory - As of September 5, 2025, total steel production decreased to 8.61 million tons, a reduction of 239,600 tons week-on-week, with rebar production specifically down by 18,800 tons [2][3]. - Total social inventory of major steel products increased by 311,800 tons to 10.765 million tons, indicating a build-up in stock levels despite reduced production [2][3]. Profitability - The report indicates a decline in steel margins, with estimated changes in gross profit for rebar, hot-rolled, and cold-rolled steel being -46 CNY/ton, -38 CNY/ton, and -36 CNY/ton respectively [1][3]. Investment Recommendations - The report recommends specific companies for investment, including Hualing Steel, Baosteel, Nanjing Steel in the general steel sector, and companies like Xianlou New Materials and CITIC Special Steel in the special steel sector [3][4].

Group 1 - The company, Yongjin Co., announced that as of the date of the announcement, there are no guarantees provided to companies outside the scope of the consolidated financial statements [2] - The company also stated that there are no overdue external guarantees [2]

Summary of Key Points Core Viewpoint - The company, Yongjin Technology Group Co., Ltd., has announced a series of guarantees for its subsidiaries, Guangdong Yongjin Metal Technology Co., Ltd. and Jiangsu Yongjin Metal Technology Co., Ltd., totaling RMB 8,000 million, which is part of its ongoing financial strategy to support its subsidiaries' operational needs [1][6]. Group 1: Guarantee Details - The guarantee for Guangdong Yongjin is capped at RMB 3,000 million, with an actual guarantee balance of RMB 28,078.28 million [1]. - The guarantee for Jiangsu Yongjin is capped at RMB 5,000 million, with an actual guarantee balance of RMB 52,960 million [1]. - Both guarantees are within the previously approved limits by the company's shareholders [2][3]. Group 2: Financial Overview - As of September 3, 2025, the total external guarantees provided by the company and its subsidiaries amount to RMB 552,372.72 million, representing 80.59% of the company's latest audited net assets [7]. - The company has no overdue external guarantees, indicating a stable financial position [8]. Group 3: Subsidiary Information - Guangdong Yongjin is a holding subsidiary with a 75% stake held by Yongjin Technology, while Jiangsu Yongjin is a wholly-owned subsidiary [5]. - Both subsidiaries are engaged in metal processing and manufacturing, contributing to the overall operational capacity of the parent company [5][6].

| 证券代码：603995 | 证券简称：甬金股份 | 公告编号：2025-055 | | --- | --- | --- | | 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： 担保对象及基本情况 | 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 | 3000.00 | 万元 | | | 对 | 实际为其提供的担保余额 | 28,078.28 | 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 | 5000.00 | 万元 | | | 对 | 实际为其 ...

Group 1 - The company Yongjin Co., Ltd. announced the convening of a staff representative meeting on September 2, 2025, where all staff representatives unanimously agreed to elect Mr. Ben Haifeng as the employee representative director of the sixth board of directors of Yongjin Technology Group Co., Ltd. [1]

Group 1 - The company, Yongjin Co., announced the approval of two key resolutions during the 13th meeting of its sixth board of directors, which include the election of a director to represent the company in executing its affairs and the confirmation of the members and convener of the board's audit committee [2]

Summary of Key Points Core Viewpoint - Yongjin Co., Ltd. has experienced a decrease in shareholder accounts and a decline in stock price, alongside a drop in revenue and net profit in the first half of the year [2]. Shareholder and Stock Performance - As of August 31, the number of shareholders for Yongjin Co., Ltd. was 19,562, a decrease of 1,275 from the previous period, representing a decline of 6.12% [2]. - The closing price of Yongjin Co., Ltd. on the reporting date was 18.07 yuan, down 1.58%, with a cumulative decline of 1.26% since the concentration of shares began [2]. - The stock experienced 5 days of increases and 4 days of decreases during the reporting period [2]. Financing and Margin Data - As of September 1, the margin trading balance for the stock was 270 million yuan, with the financing balance also at 270 million yuan [2]. - The financing balance increased by 25.28 million yuan during the concentration period, reflecting a growth of 10.33% [2]. Financial Performance - In the first half of the year, Yongjin Co., Ltd. reported total revenue of 20.125 billion yuan, a year-on-year decrease of 0.85% [2]. - The net profit for the same period was 303 million yuan, down 29.14% year-on-year, with basic earnings per share at 0.8300 yuan and a weighted average return on equity of 5.15% [2]. Institutional Ratings - In the past month, the stock received buy ratings from 6 institutions [2]. - The highest target price forecast was set by Dongfang Securities at 25.87 yuan, as reported on August 22 [2].

Group 1 - The board of directors of Yongjin Technology Group Co., Ltd. held its 13th meeting of the 6th session on September 2, 2025, with all 9 directors present, complying with the Company Law and Articles of Association [1][2] - The board unanimously elected Yu Jason Chen as the representative of the company to execute company affairs, serving as the legal representative until the end of the current board session [1][2] - The board confirmed the members and convener of the audit committee, consisting of Qian Xiaohui, Hu Xiaoming, and Yang Ying, with Qian Xiaohui serving as the convener [2]