Group 1: Production and Equipment - The company uses electric furnaces exclusively for steelmaking, with 2 electric furnaces of 70 tons each and multiple vacuum refining and deoxidation furnaces [1] - The rolling system includes large, medium, and small production lines capable of producing various specifications from 16mm to 320mm [2] - The company operates 2 blast furnaces to supply molten iron for steelmaking, and has made impairment provisions for these furnaces to enhance energy conservation and emission reduction [2] Group 2: Raw Material Sourcing - The majority of the company's iron ore is imported, while coke is primarily sourced from a related party, Hubei Xinhua Energy Co., Ltd., which is located near the ironmaking plant, ensuring high quality and low logistics costs [2] Group 3: Export Markets and Trade Relations - Major export markets include the European Union and North America, with potential impacts from trade frictions with the U.S. [3] - The company is prepared to take proactive measures to mitigate the effects of trade disputes, including coordination with industry associations and timely market adjustments [3] Group 4: Environmental Standards and Compliance - The company places a high priority on environmental protection, adhering strictly to national emission standards without exceeding limits [4] - Future equipment installations will also comply with the strictest environmental standards [4] Group 5: Corporate Governance and Transparency - During the investor relations activity, the company ensured compliance with information disclosure regulations, maintaining fairness and preventing significant information leaks [4] - No written materials were provided to the researchers during the meeting [4]