[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates turning profitable in H1 2025 with net profit attributable to shareholders between 4.5 million and 6.5 million yuan, a significant improvement from the prior year's substantial loss Key Financial Indicators Forecast | Item | Current Period (2025 H1) | Prior Year (2024 H1) | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | Profit: 4.5 million - 6.5 million yuan | Loss: 448.98 million yuan | | Net Profit After Deducting Non-Recurring Gains and Losses | Loss: 30 million - 45 million yuan | Loss: 505.07 million yuan | | Basic Earnings Per Share | Profit: 0.0019 - 0.0027 yuan/share | Loss: 0.1852 yuan/share | - The performance forecast covers the period from January 1, 2025, to June 30, 2025[2](index=2&type=chunk) [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The performance forecast data represents preliminary estimates by the finance department and awaits final audit confirmation from the accounting firm - This performance forecast data is a preliminary estimate by the company's finance department and has not been audited by an accounting firm[2](index=2&type=chunk) [Explanation of Performance Change](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Change) The company's H1 2025 turnaround to profitability is attributed to internal management optimizations, cost reduction, and efficiency improvement initiatives across operations - The company attributes the significant year-on-year growth and turnaround to profit to multiple cost reduction and efficiency improvement measures, specifically including: - Strengthening accounting-based operations and optimizing raw material and product structures - Innovating business models to enhance operational certainty - Deepening bidding management mechanisms to leverage cost reduction - Successfully completing joint blast furnace overhauls to improve manufacturing capabilities - Achieving new results in full-process extreme cost reduction and expense reduction[3](index=3&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company emphasizes that this performance forecast is preliminary, with final data to be disclosed in the 2025 semi-annual report, and advises investors to be aware of investment risks - The company emphasizes that this performance forecast is a preliminary estimate, and specific financial data will be subject to the 2025 semi-annual report, urging investors to be aware of investment risks[3](index=3&type=chunk) - The company's designated information disclosure media are China Securities Journal, Securities Times, and Juchao Information Network[3](index=3&type=chunk)

Investment Rating - The report maintains a "Recommended" rating for the steel industry, suggesting to focus on the bottom repair opportunities in steel stocks [1]. Core Viewpoints - The steel market is currently experiencing a dual weakness in supply and demand during the off-season, but improved market sentiment has led to an increase in steel prices [2][3]. - The overall profitability of the steel industry has improved in the first half of the year due to a significant decline in raw material prices, which has positively impacted steel production costs [3][9]. - The "anti-involution" policy proposed by the Central Financial Committee is expected to enhance market conditions for the steel industry, leading to both valuation and performance recovery in the long term [4][10]. Industry Data Summary Production Data - As of July 11, the production of five major steel products totaled 8.7272 million tons, a week-on-week decrease of 124,000 tons [1]. - The average daily molten iron output from 247 steel enterprises was 2.3981 million tons, down 10,400 tons week-on-week, with a blast furnace capacity utilization rate of 89.9%, a decrease of 0.39 percentage points [1][2]. Consumption Data - The apparent consumption of the five major steel products was 8.7307 million tons, a week-on-week decrease of 121,900 tons [1][2]. - The consumption changes for specific products included a decrease of 33,700 tons for rebar, 29,100 tons for wire rod, and 18,600 tons for hot-rolled products [1]. Inventory Situation - Total steel inventory was reported at 13.3958 million tons, with a slight week-on-week decrease of 3,500 tons [1]. - Social inventory decreased by 21,200 tons to 9.1401 million tons, while steel mill inventory increased by 17,700 tons to 4.2557 million tons [1]. Profitability Data - The average cost of molten iron for 114 steel mills was stable at 2,256 yuan per ton [1]. - As of July 11, the gross profit per ton for high furnace rebar was 196 yuan, hot-rolled sheets 142 yuan, and cold-rolled sheets 31 yuan, with week-on-week increases of 9 yuan, 16 yuan, and 20 yuan respectively [1][3].

Transaction Overview - Guangdong Zhongnan Steel Co., Ltd. plans to transfer 24.5% equity stake in Baohydrogen Technology Co., Ltd. and has agreed to waive the right of first refusal for the transfer of 26.5% equity stake held by Baowu Clean Energy Co., Ltd. [1] - The decision was made during the board meeting on January 20, 2025, to optimize asset allocation and accelerate asset revitalization [1]. Transaction Progress - The equity transfer was publicly listed on the State-owned Assets Exchange, but no interested parties registered initially. On April 25, 2025, the company reduced the transfer price by 10% [2]. - By the end of the listing period, only one interested party was identified, a consortium formed by Guangdong Yuntao Hydrogen Energy Technology Co., Ltd., Guangzhou Baiyun New Energy Technology Co., Ltd., and Guangzhou Baiyun Jinke Holdings Group Co., Ltd. [2]. Interested Parties' Information - **Guangdong Yuntao Hydrogen Energy Technology Co., Ltd.** - Type: Other limited liability company - Registered Capital: 107.526882 million yuan - Business Scope: Sales of new energy vehicles, technical services, and various manufacturing activities [3]. - **Guangzhou Baiyun New Energy Technology Co., Ltd.** - Type: Limited liability company (wholly owned) - Registered Capital: 88.88 million yuan - Business Scope: Internet sales, parking services, and various energy-related sales and services [4][5]. - **Guangzhou Baiyun Jinke Holdings Group Co., Ltd.** - Type: Limited liability company (state-owned) - Registered Capital: 200 million yuan - Business Scope: Management services, investment consulting, and various technical services [5].

证券代码：000717 证券简称：中南股份 公告编号：2025-27 广东中南钢铁股份有限公司 关于挂牌转让参股公司部分股权及放弃优先购 买权暨关联交易的进展公告 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、交易概况 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 1 月 20 日召开了公司第九届董事会第一次临时 会议，审议通过了《关于挂牌转让参股公司部分股权及放弃优先 购买权暨关联交易的议案》，本公司持有广东宝氢科技有限公司 （以下简称："宝氢科技"）49%股权，宝武清洁能源有限公司 （以下简称："宝武清能"）持股 51%股权。为优化公司资产配 置，加快资产盘活，本公司拟将持有的宝氢科技 24.5%股权与宝 武清能持有的宝氢科技26.5%股权在国有产权交易所联合公开挂 牌转让，依据第三方评估机构的评估值，公司挂牌转让宝氢科技 24.5%股权的挂牌底价为 2,069.53 万元。本公司放弃对宝武清能 挂牌转让宝氢科技 26.5%股权的优先购买权，宝武清能放弃本公 司挂牌转让宝氢科技 24.5%股权的优先购买权。具体内容详见公 ...

Group 1 - The board meeting of Guangdong Zhongnan Steel Co., Ltd. was held on June 20, 2025, with all 7 directors present, ensuring compliance with legal and regulatory requirements [1][2] - The board approved the proposal regarding the term system and contractual work for the management team for the year 2025 with unanimous support [1] - The board also approved the comprehensive risk management report for the first quarter of 2025, again with unanimous support [2]

证券代码：000717 证券简称：中南股份 公告编号：2025-26 （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。 （四）公司董事长吴琨宗先生主持了会议，公司监事和高级 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。 广东中南钢铁股份有限公司 第九届董事会 2025 年第四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 6 月 20 日向全体董事、监事及高级管 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 年第四次临时会议于 2025 年 6 月 23 日以通讯方式召开。 （一）会议以 7 票同意，0 票反对，0 票弃权，审议通过了 公司《关于 2025 年度中南股份经理层成员任期制和契约化工作 的议案》。 （二）会议以 7 票同意，0 票反对，0 票弃权，审议通过了 公司《关于 2025 年一季度全面风险管理报告的议 ...

Core Viewpoint - The introduction of China's first batch of 1000kW pure electric locomotives marks a significant step towards the green transformation of the steel industry, leveraging advanced technologies such as lithium iron phosphate batteries and intelligent automation [1][2][3]. Group 1: Technological Advancements - The new electric locomotives utilize large-capacity lithium iron phosphate batteries, achieving zero emissions and reducing carbon emissions by 362 tons per locomotive annually [2]. - The energy consumption of the electric locomotives is only 12% of that of traditional diesel locomotives, significantly lowering transportation energy costs [2]. - The locomotives feature liquid cooling fast charging technology, allowing for a 680kW charge in just 70 minutes [2]. Group 2: Safety and Efficiency - The electric locomotives are equipped with high-temperature resistant paint, capable of withstanding temperatures up to 650°C, suitable for high-temperature operational environments [2]. - They offer enhanced traction and precise positioning, which greatly improves operational efficiency [2]. - The integration of automatic driving, intelligent operation, and Beidou positioning technology enhances safety and operational efficiency in closed environments [3]. Group 3: Industry Impact - The deployment of these electric locomotives supports the steel industry's transition towards high-quality development and green transformation, aligning with the strategic goals of the company [3]. - The technology enables unmanned operations in closed scenarios, simulating experienced drivers' habits, thus improving overall logistics efficiency [2][3].

广东省广州市天河区珠江新城华夏路 10 号富力中心 23 楼整层及 31 楼 01、04 单元 邮编：510623 23/F, Units 01 & 04 of 31/F, R&F Center, 10 Huaxia Road, Zhujiang New Town, Tianhe District Guangzhou, Guangdong 510623, P. R. China 电话/Tel : +86 20 2826 1688 传真/Fax : +86 20 2826 1666 www.zhonglun.com 北京市中伦（广州）律师事务所 关于广东中南钢铁股份有限公司 2024 年度股东大会的法律意见书 致：广东中南钢铁股份有限公司 北京市中伦（广州）律师事务所（以下简称"本所"）受广东中南钢铁股 份有限公司（以下简称"公司"）委托，指派本所律师杨小颖、王嘉南（以下 简称"本所律师"）出席公司 2024 年度股东大会（以下简称"本次股东大 会"）。本所律师根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司股东会规则》等有关法律、法规、规范性文件及《广东 中南钢铁股份有限公司章程》（以下简 ...

证券代码：000717 证券简称：中南股份 公告编号：2025-25 广东中南钢铁股份有限公司 2024 年度股东大会决议公告 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。 特别提示： 1.本次会议召开期间没有增加、否决或变更提案。 2.本次股东大会没有涉及变更前次股东大会决议。 3.本次股东大会以现场表决结合网络投票方式进行。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间： （1）现场会议召开时间：2025 年 5 月 15 日下午 2:10 （2）网络投票时间： 通过深圳证券交易所互联网投票系统投票的具体时间为： 2025 年 5 月 15 日上午 9:15 至 2025 年 5 月 15 日下午 3:00 中的 任意时间。 通过深圳证券交易所交易系统进行网络投票的具体时间为： 2025 年 5 月 15 日上午 9:15-9:25,9:30-11:30 ；下午 13:00— 15:00。 2.现场会议召开地点：广东省韶关市曲江区马坝韶钢营销中 1 心 1002 会议室。 3.本次股东大会以现场表决结合网络投票方式进行。 4.会议召集人：公司 ...

等。 感谢您对公司的关注！ 证券代码：000717 证券简称：中南股份 广东中南钢铁股份有限公司 投资者关系活动记录表 编号：2025-01 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | | --- | --- | --- | | | ☐媒体采访 | 业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | | ☐现场参观 | | | | ☐其他（请文字说明其他活动内容） | | | 参与单位名称及人员姓名 | 线上参与公司2024年度暨2025年一季度业绩说明会的投资者 | | | 时间 | 2025年05月15日 15:30-16:30 | | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | 上市公司接待人员姓名 | 董事长 吴琨宗 | | | | 董事、总裁 兰银 | | | | 独立董事 谢娟 | | | | 董事会秘书 刘二 | | | | 财务负责人 王燊 | | | 投资者关系活动主要内容 介绍 | 1.我想知道为什么贵公司一年不如一年，难道公司最终的尽头 都是散伙吗？公司有没有计划什么重大改革让公司市值一年比一年 高？ ...