Group 1 - The core point of the article is that Zhongnan Co., Ltd. held a temporary board meeting to discuss the performance evaluation and compensation settlement for the management team for the year 2024 [1] - For the first half of 2025, Zhongnan's revenue composition is as follows: steel rolling industry accounts for 85.56%, brand operation in base management accounts for 7.46%, and coking products and other sales account for 6.98% [1] - As of the report, Zhongnan's market capitalization is 6.7 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after ten years of stagnation, with technology leading the market's transformation [1] - A new "slow bull" market pattern is emerging, indicating a shift in market dynamics [1]

证券代码：000717 证券简称：中南股份 公告编号：2025-47 广东中南钢铁股份有限公司 根据《企业会计准则》及公司相关会计制度，公司基于应收 账款的信用风险特征，如果该金融工具的信用风险自初始确认后 已显著增加，本公司按照相当于该金融工具整个存续期内预期信 用损失的金额计量其损失准备；如果该金融工具的信用风险自初 始确认后并未显著增加，本公司按照相当于该金融工具未来 12 个月内预期信用损失的金额计量其损失准备。由此形成的损失准 备的增加或转回金额，作为减值损失或利得计入当期损益。 关于计提资产减值准备及核销资产的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 广东中南钢铁股份有限公司（以下简称"公司"或"本公司"） 于2025年10月29日召开第九届董事会2025年第七次临时会议， 会议审议通过了公司《关于计提资产减值准备及核销资产的议 案》，具体情况如下： 一、本次计提资产减值准备及资产处置概述 根据《企业会计准则》及公司相关会计制度的规定，为更加 真实、准确地反映公司截至 2025 年 9 月 30 日的资产状况和财务 状况，公司对存在减值迹象 ...

证券代码：000717 证券简称：中南股份 公告编号：2025-48 广东中南钢铁股份有限公司 （四）公司董事长解旗先生主持了会议，公司高级管理人员 列席了会议。 （五）会议的召集、召开符合有关法律、法规和公司章程的 规定。 第九届董事会 2025 年第七次临时会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 （一）广东中南钢铁股份有限公司（以下简称"公司"或"本 公司"）董事会于 2025 年 10 月 27 日向全体董事及高级管理人 员以专人送达、电子邮件或传真方式发出了会议通知及相关材 料。 （二）公司第九届董事会 2025 年第七次临时会议于 2025 年 10 月 29 日以通讯方式召开。 （三）本次董事会会议应出席的董事 7 人，实际出席会议的 董事 7 人。 二、董事会会议审议情况 经会议审议并表决，作出如下决议： （一）会议以 7 票同意，0 票反对，0 票弃权，审议通过了 第 1 页 共 2 页 公司 2025 年第三季度报告。 具体内容详见 2025 年 10 月 30 日在巨潮资讯网上披露的公 司 2025 ...

Group 1 - The core point of the article is that Zhongnan Co., Ltd. reported a revenue of 7.181 billion yuan in the third quarter, representing a year-on-year increase of 5.81% [1] - The net profit for the third quarter was a loss of 72.5329 million yuan, which is an increase in loss of 81.95% year-on-year [1] - For the first three quarters, the total revenue was 20.007 billion yuan, showing a year-on-year decline of 13.27% [1] Group 2 - The net profit for the first three quarters was a loss of 67.2424 million yuan, reflecting an increase in loss of 92.10% year-on-year [1]

Financial Performance - The company's operating revenue for Q3 2025 was ¥7,180,778,550, representing a year-on-year increase of 5.81%[2] - The net profit attributable to shareholders was -¥72,532,880.06, a decrease of 81.95% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥78,526,209.85, down 80.95% year-on-year[2] - The company's basic earnings per share for Q3 2025 were -¥0.0299, a decrease of 81.97% year-on-year[2] - The company's weighted average return on equity was -0.92%, a decrease of 3.83% compared to the previous year[2] - Net profit for the period was a loss of ¥67,242,386.73, compared to a loss of ¥850,786,327.51 in the previous period, indicating an improvement in financial performance[15] - Basic and diluted earnings per share improved to -0.0277 from -0.3510, reflecting a significant reduction in losses per share[16] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥1,286,689,378.25, an increase of 151.47% compared to the previous year[2] - Operating cash flow net amount increased significantly to ¥1,286,689,378.25 from ¥511,675,019.78, showing a year-over-year increase of approximately 151.5%[17] - Cash inflow from operating activities totaled ¥21,200,467,331.83, down from ¥23,646,750,581.20, a decrease of approximately 10.4% year-over-year[17] - The company reported a significant increase in investment activity cash inflow to ¥659,761,324.24 from ¥248,968,643.53, an increase of approximately 165.5% year-over-year[17] - Net cash flow from investing activities was -$538.43 million, an improvement from -$1.01 billion in the previous period[18] - Cash inflow from financing activities totaled $1.60 billion, compared to $932.67 million last year[18] - Cash outflow for debt repayment was $1.83 billion, significantly higher than $582.40 million in the prior period[18] - The net increase in cash and cash equivalents was $397.04 million, contrasting with a decrease of $310.63 million last year[18] - The ending balance of cash and cash equivalents reached $1.01 billion, up from $610.72 million in the previous year[18] Assets and Liabilities - Total assets at the end of Q3 2025 were ¥20,008,516,551.04, a decrease of 1.58% from the end of the previous year[2] - The company's total liabilities decreased by 53.90% for current non-current liabilities due within one year, reflecting a reduction in short-term borrowings[7] - Total current assets increased to ¥4,233,803,321.16 from ¥3,738,057,414.87, representing a growth of approximately 13.3%[10] - Total current liabilities decreased to ¥9,708,626,448.86 from ¥10,417,375,690.56, a decline of approximately 6.8%[11] - Long-term borrowings increased to ¥1,741,830,000.00 from ¥1,260,480,000.00, an increase of about 38.1%[11] - The total liabilities decreased slightly to ¥12,166,409,134.25 from ¥12,422,111,039.36, a reduction of approximately 2.1%[12] - The total equity attributable to shareholders decreased to ¥7,842,107,416.79 from ¥7,908,448,831.62, a decline of about 0.8%[12] Investment and Shareholder Information - The company's investment income increased by 180.35% year-on-year, reaching ¥29,914,099.91, primarily due to increased long-term equity investment returns[7] - The company's cash flow from investing activities showed a net outflow of -¥538,427,103.88, a decrease of 46.50% compared to the previous year, mainly due to reduced fixed asset investments[7] - Total number of common shareholders at the end of the reporting period is 90,834[8] - The largest shareholder, Baowu Group Central South Steel Co., Ltd., holds 52.95% of shares, totaling 1,283,512,890 shares[8] Research and Development - Research and development expenses decreased to ¥335,132,651.42 from ¥421,453,977.99, a decline of about 20.5% year-over-year[15] - The company has not reported any new product developments or market expansion strategies in the current period[9] Operating Costs - Total operating revenue decreased to ¥20,006,752,773.10 from ¥23,067,272,023.79, representing a decline of approximately 13.5% year-over-year[14] - Total operating costs also decreased to ¥20,006,288,085.53 from ¥24,186,883,136.49, a reduction of about 17.2% year-over-year[14] - Inventory decreased to ¥1,570,292,494.63 from ¥1,690,554,022.94, a decline of approximately 7.1%[10]

广东中南钢铁股份有限公司 利润分配管理制度 1 目的 为进一步规范广东中南钢铁股份有限公司（以下简称"公司"） 利润分配行为，推动公司建立科学、持续、稳定的利润分配机制， 保护中小投资者合法权益，根据《中华人民共和国公司法》、中 国证监会及本公司《章程》的有关规定，结合公司实际情况，制 定本制度。 2 适用范围 本制度适用于公司所属各单位及控股子公司。 3 定义 利润分配是指企业按照国家规定的政策和比例，对已实现的 净利润在企业和投资者之间进行分配。 4 管理原则 4.1 利润分配政策 4.1.1 公司优先采用现金分红的利润分配方式，同时可采取 股票或者现金与股票相结合的方式分配股利。 4.1.2 公司利润分配不得超过累计可分配利润的范围。 共 9 页 第 1 页 上述重大现金支出须经董事会批准，报股东会审议通过后方 可实施。 4.1.4 公司当年盈利，董事会未做出现金利润分配方案的， 在当年的定期报告中披露未进行现金分红的原因、未用于现金分 红的资金留存公司的用途和使用计划，独立董事对此发表独立意 见并公开披露。 4.1.5 公司最近三年以现金方式累计分配的利润原则上不 少于最近三年实现的年均可分配利润的百 ...

Market Overview - The steel sector experienced a decline of 1.81% on October 28, with Wujin Stainless Steel leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Individual Stock Performance - Notable gainers included: - Sangang Min Guang (002110) with a closing price of 4.48, up 0.90% on a trading volume of 784,300 shares and a turnover of 356 million yuan [1] - Ben Steel Plate (000761) closed at 3.63, up 0.83% with a trading volume of 141,200 shares and a turnover of 51.01 million yuan [1] - Significant decliners included: - Wujin Stainless Steel (603878) which fell 4.85% to a closing price of 10.60, with a trading volume of 356,800 shares and a turnover of 383 million yuan [2] - Baotou Steel (600010) decreased by 3.00% to 2.59, with a trading volume of 11,064,600 shares and a turnover of 2.892 billion yuan [2] Capital Flow Analysis - The steel sector saw a net outflow of 922 million yuan from main funds, while retail investors contributed a net inflow of 668 million yuan [2] - Key stocks with significant capital flow include: - Nanjing Steel (600282) with a net inflow of 20.27 million yuan from main funds, but a net outflow of 11.52 million yuan from retail investors [3] - Heibei Steel (000709) recorded a net inflow of 18.79 million yuan from main funds, while retail investors had a net outflow of 22.39 million yuan [3]

Market Overview - On October 23, the steel sector rose by 0.32% compared to the previous trading day, with Nanjing Steel leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Individual Stock Performance - Nanjing Steel (600282) closed at 5.26, up 2.14% with a trading volume of 340,700 shares and a turnover of 177 million yuan [1] - Anyang Iron & Steel (600569) closed at 2.44, up 1.67% with a trading volume of 373,700 shares [1] - New Century Steel (000778) closed at 4.00, up 1.27% with a trading volume of 563,300 shares [1] - Hebei Steel (000709) closed at 2.59, up 1.17% with a trading volume of 1,917,500 shares [1] - Ansteel (000898) closed at 2.77, up 1.09% with a trading volume of 367,000 shares [1] Fund Flow Analysis - The steel sector experienced a net outflow of 417 million yuan from institutional investors, while retail investors saw a net inflow of 382 million yuan [2] - The top stocks with significant fund flow include: - Wujin Stainless Steel (603878) with a net inflow of 12.92 million yuan from institutional investors [3] - Youfa Group (601686) with a net inflow of 12.74 million yuan from institutional investors [3] - Chongqing Steel (601005) with a net inflow of 11.07 million yuan from institutional investors [3]

Market Overview - On October 17, the general steel sector declined by 0.68% compared to the previous trading day, with Wujin Stainless Steel leading the decline [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Lingang Co. (600231) saw a significant increase of 10.00%, closing at 2.42, with a trading volume of 596,400 shares and a transaction value of 142 million [1] - Other notable performers included Sansteel Minguang (002110) with a 1.90% increase, and Liugang Co. (601003) with a 1.73% increase [1] - Conversely, Wujin Stainless Steel (603878) experienced the largest drop of 8.54%, closing at 10.17, with a trading volume of 699,000 shares and a transaction value of 723 million [2] Capital Flow Analysis - The steel sector experienced a net outflow of 337 million from main funds, while retail investors contributed a net inflow of 244 million [2] - The main funds showed a significant net inflow in Liugang Co. (649.51 million) and Lingang Co. (586.69 million), while experiencing outflows in Wujin Stainless Steel and other companies [3] - Retail investors primarily contributed to the net inflow in stocks like Wujin Stainless Steel and Sansteel Minguang, despite overall sector outflows [3]

证券之星消息，10月15日普钢板块较上一交易日上涨0.07%，武进不锈领涨。当日上证指数报收于 3912.21，上涨1.22%。深证成指报收于13118.75，上涨1.73%。普钢板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 603878 | 武进不锈 | 12.36 | 7.85% | 77.57万 | 9.11亿 | | 600581 | 八一钢铁 | 4.77 | 3.25% | 77.22万 | 3.69亿 | | 600808 | 司钢股份 | 4.19 | 3.20% | 133.50万 | 5.53亿 | | 600782 | 新钢股份 | 4.20 | 1.69% | 55.12万 | 2.32亿 | | 600231 | 凌钢股份 | 2.26 | 1.35% | 56.29万 | 1.28亿 | | 601003 | 柳钢股份 | 5.41 | 1.31% | 21.04万 | 1.13亿 | | 600569 | 安阳钢铁 | 2.33 | 1.30 ...