Core Insights - The article discusses the performance and export trends of China's black metal smelting and rolling processing industry, highlighting a decline in export value in 2025 compared to previous years [1] Industry Summary - In August 2025, the export value of China's black metal smelting and rolling processing industry was 16.42 billion yuan, representing a year-on-year decrease of 13.5% [1] - From January to August 2025, the cumulative export value reached 133.89 billion yuan, showing a slight year-on-year decline of 2.2% [1] - The data indicates a downward trend in the export performance of the black metal industry over the specified period [1] Company Summary - The article lists several companies involved in the black metal industry, including CITIC Special Steel, Hebei Iron and Steel, and others, indicating their relevance in the market [1] - The report by Zhiyan Consulting provides a comprehensive market survey and investment outlook for the black metal mining and selection industry from 2026 to 2032, suggesting potential future developments [1]

Market Overview - On October 10, the general steel sector rose by 1.09%, led by Wujin Stainless Steel, while the Shanghai Composite Index closed at 3897.03, down 0.94% [1] - The Shenzhen Component Index closed at 13355.42, down 2.7% [1] Individual Stock Performance - Wujin Stainless Steel (603878) closed at 10.81, up 9.97% with a trading volume of 594,000 shares and a turnover of 617 million yuan [1] - Nanjing Steel (600282) closed at 5.38, up 4.06% with a trading volume of 608,600 shares and a turnover of 322 million yuan [1] - Other notable performers include: - Sansteel Minguang (002110) at 4.39, up 4.03% [1] - Shandong Steel (600022) at 1.63, up 3.82% [1] - Shougang Group (000959) at 4.39, up 2.57% [1] Capital Flow Analysis - The steel sector experienced a net outflow of 767 million yuan from institutional investors, while retail investors saw a net inflow of 582 million yuan [2] - Notable capital flows include: - Wujin Stainless Steel had a net outflow of 38.74 million yuan from institutional investors [3] - Liugang (601003) saw a net inflow of 20.04 million yuan from institutional investors [3] - New Steel (600782) had a net inflow of 15.20 million yuan from institutional investors [3]

股票代码：000761 证券简称：本钢板材 债券代码：127018 债券简称：本钢转债 转股价格：人民币 3.95 元/股 转股期限：2021 年 1 月 4 日至 2026 年 6 月 28 日 股票代码：000761 200761 股票简称：本钢板材 本钢板 B 编号：2025-056 债券代码：127018 债券简称：本钢转债 本钢板材股份有限公司 2025 年第三季度可转债转股情况公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 根据《本钢板材股份有限公司公开发行 A 股可转换公司债券募集 说明书》，本次发行的可转换公司债券转股期自可转换公司债券发行 结束之日起满六个月后的第一个交易日起至可转换公司债券到期日 止，即 2021 年 1 月 4 日至 2026 年 6 月 28 日。 二、本钢转债转股及股份变动情况 2025 年第三季度本钢转债减少 12,000 元（120 张），新增股份 数量 3,036 股。 截至 2025 年 9 月 30 日，公司剩余可转债余额为 5,630,957,100 元（56,309,571 张）。 三、 ...

Core Points - The company announced the resignation of two senior executives due to work adjustments, including the former Vice General Manager and the former Chief Accountant [1] - The board of directors approved the appointment of new executives, including Liu Dongye as Vice General Manager and Liu Tiecheng as Chief Financial Officer and Board Secretary [1] - The company's revenue composition for the first half of 2025 was entirely from the steel rolling industry, accounting for 100% [1] - As of the report date, the company's market capitalization was 14.2 billion yuan [1] Executive Changes - Former Vice General Manager Guo Yuwei resigned due to work adjustments [1] - Former Chief Accountant and Board Secretary Zheng Zhengli also resigned for similar reasons [1] - The board meeting on September 28, 2025, approved the resignations and new appointments [1] Appointments - Liu Dongye was appointed as Vice General Manager [1] - Liu Tiecheng was appointed as Chief Financial Officer and Board Secretary [1] - The terms of the newly appointed executives will align with the current board's term [1] Financial Overview - The company's revenue for the first half of 2025 was solely derived from the steel rolling industry [1] - The market capitalization of the company was reported at 14.2 billion yuan [1]

Core Viewpoint - The announcement details the resignation and appointment of senior management personnel at Benxi Steel Plate Co., Ltd, indicating a normal operational adjustment without impacting the company's management and operations [1][15]. Resignation of Senior Management - The company received resignation reports from former Vice General Manager Guo Yuwei and former Chief Accountant and Board Secretary Zheng Zhengli due to work adjustments [1][15]. - The board approved their resignations during the fourth meeting of the tenth board on September 28, 2025, confirming that their departures would not affect the company's normal operations [1][15]. Appointment of Senior Management - The board appointed Liu Dongye as Vice General Manager and Liu Tiecheng as Financial Responsible Person and Board Secretary, with their terms aligned with the tenth board [2][18]. - Liu Tiecheng has committed to obtaining the necessary qualifications for the Board Secretary role as required by the Shenzhen Stock Exchange [2][18]. Committee Opinions - The Audit and Risk Committee reviewed the resignation of Zheng Zhengli and deemed it a normal personnel change, supporting the appointment of Liu Tiecheng based on his extensive financial management experience [3][19]. Background of Appointed Personnel - Liu Dongye, born in 1979, holds a university degree and has extensive experience in various managerial roles within the company [8][24]. - Liu Tiecheng, born in 1977, has a graduate degree and has served in multiple financial management positions within the company [8][24].

| 股票代码：000761 | 200761 | 股票简称：本钢板材 | 本钢板 B | 编号：2025-055 | | --- | --- | --- | --- | --- | | 债券代码：127018 | | 债券简称：本钢转债 | | | 本钢板材股份有限公司 关于高级管理人员辞职及聘任高级管理人员公告 公司于2025年9月28日召开十届董事会第四次会议，审议通过了 《关于聘任公司高级管理人员的议案》，经公司董事长提名，董事会 提名委员会资格审查，公司董事会聘任刘东野先生为公司副总经理 （简历附后），董事会提名委员会和董事会审计与风险委员会资格审 查，公司董事会聘任刘铁成先生为公司财务负责人、董事会秘书（简 历附后），上述人员任期与第十届董事会一致。 鉴于刘铁成先生尚未取得深圳证券交易所颁发的董事会秘书资 格证书，刘铁成先生承诺将尽快参加深圳证券交易所举办的董事会秘 书任职资格培训并取得资格证书。 刘铁成先生的联系方式公告如下： 办公电话：024-47827003 传真电话：024-47827004 联系地址：辽宁省本溪市平山区钢铁路1-1 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， ...

股票代码：000761 200761 股票简称：本钢板材 本钢板 B 编号：2025-054 债券代码：127018 债券简称：本钢转债 本钢板材股份有限公司 十届董事会第四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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 1.董事会于 2025 年 9 月 23 日以电子邮件形式发出会议通知。 2.2025 年 9 月 28 日以通讯方式召开。 3.会议应出席董事 8 名，实际出席董事 8 名。 4.本次董事会会议的召开符合有关法律、行政法规、部门规章、 规范性文件和公司章程的规定。 二、董事会会议审议情况 2.审议通过《关于聘任公司高级管理人员的议案》 经公司董事长提名，董事会提名委员会资格审查，公司董事会聘 任刘东野先生为公司副总经理（简历附后）。董事会提名委员会资格 审查和董事会审计与风险委员会资格审查，公司董事会聘任刘铁成先 生为公司财务负责人、董事会秘书（简历附后）。上述人员任期与第 十届董事会一致。 鉴于刘铁成先生尚未取得深圳证券交易所颁发的董事会秘书资 格证书，刘铁成先生承诺将尽快参加深圳证券交易所举办的董 ...

Group 1 - The company announced the resignation of two senior executives, Guo Yuwei and Zheng Zhengli, due to work adjustments [1] - The board of directors approved the appointment of Liu Dongye as the new deputy general manager and Liu Tiecheng as the financial head and board secretary [1] - The terms of the newly appointed executives will align with the current board's tenure [1] Group 2 - For the first half of 2025, the company's revenue composition was entirely from the steel rolling industry, accounting for 100% [2] - The company's market capitalization is currently valued at 14.2 billion yuan [3]

Group 1 - The core viewpoint of the article highlights the growth in China's cold-rolled sheet production, with a reported output of 4.11 million tons in May 2025, representing a year-on-year increase of 5.2% [1] - Cumulative production from January to May 2025 reached 20.057 million tons, showing a cumulative growth of 6.9% [1] - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, indicating a robust trend in the cold-rolled sheet industry [1] Group 2 - The article mentions several listed companies in the cold-rolled sheet sector, including Baosteel Co., Ltd. (600019), Maanshan Iron & Steel Co., Ltd. (600808), and Shougang Group Co., Ltd. (000959) among others [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and customized services [1]

Core Viewpoint - The Chinese steel industry is undergoing a transformation towards high-end, intelligent, and green development, driven by mergers and acquisitions that focus on resource integration and market expansion, as well as government policies encouraging industry consolidation [1][2][6]. Group 1: Industry Transformation - The steel industry is shifting from "physical accumulation" to "chemical integration," aiming for value creation rather than mere scale expansion [2][4]. - The Ministry of Industry and Information Technology has introduced the "Steel Industry Normative Conditions (2025 Edition)," which includes mergers and acquisitions as a key indicator for promoting efficiency and industry concentration [1][4]. - The integration of steel companies is expected to enhance operational efficiency and international competitiveness by eliminating redundant capacities and fostering collaboration across the industry [3][5]. Group 2: Case Studies of Successful Integration - China Baowu Steel Group exemplifies successful transformation through mergers, achieving a scale of "one billion tons" while transitioning from scale leadership to technological leadership [2][6]. - CITIC Special Steel has focused on niche markets, leading in seamless steel pipe production and bearing steel sales, demonstrating the effectiveness of targeted integration strategies [2][4]. - The merger between Ansteel Group and Benxi Steel Group resulted in significant cost reductions and efficiency improvements, showcasing the benefits of resource optimization [5][6]. Group 3: Global Expansion and Competitiveness - Chinese steel giants are actively pursuing global expansion to secure scarce resources, acquire advanced technologies, and enhance international branding [6][7]. - Hebei Iron and Steel Group's acquisition of a struggling Serbian steel plant illustrates the application of "chemical integration" principles abroad, leading to a turnaround in profitability [6][7]. - China Baowu's involvement in international projects, such as the Simandou iron ore project in Guinea, aims to establish a global value chain and enhance resource security [6][7]. Group 4: Technological and Environmental Advancements - The restructuring of steel companies has facilitated concentrated investment in R&D, enabling breakthroughs in advanced technologies and large-scale applications [4][5]. - The integration of digital and intelligent systems in production processes is enhancing operational efficiency and resource utilization [5][6]. - The industry's commitment to low-carbon transformation is exemplified by CITIC Special Steel's initiatives to reduce carbon emissions and energy consumption significantly [5][6].