Industry Overview - The rapid development of key sectors in China's economy, such as automotive, shipbuilding, construction, petrochemicals, nuclear energy, and oil and gas transportation, has significantly boosted the demand for the upstream metallurgy industry, thereby driving the growth of the metallurgy equipment manufacturing industry [1][8] - The market size of China's metallurgy equipment manufacturing industry is projected to grow from 103.085 billion yuan in 2018 to 143.675 billion yuan in 2024, with a compound annual growth rate (CAGR) of 5.69% [9] Policy Support - The Chinese government has introduced numerous policies to support the metallurgy equipment manufacturing industry, focusing on large-scale, intelligent, and green transformation of equipment, as well as enhancing digital technology applications [2] - Specific initiatives include the "Copper Industry High-Quality Development Implementation Plan (2025-2027)" and the "Aluminum Industry High-Quality Development Implementation Plan (2025-2027)," which aim to promote innovation and the modernization of equipment [2] Industry Chain - The upstream of the metallurgy equipment manufacturing industry consists of raw materials and components, including steel, non-ferrous metals, castings, and forgings, which are essential for manufacturing [4] - The midstream involves the production and manufacturing of metallurgy equipment, while the downstream includes industries such as iron and steel, steel processing, and non-ferrous metal smelting [4] Production and Growth Trends - China's steel production is a critical raw material for metallurgy equipment manufacturing, with production expected to grow from 1.05 billion tons in 2017 to 1.4 billion tons in 2024, reflecting a CAGR of 4.2% [6] - The production of metallurgy equipment experienced a recovery in 2022, with output reaching 6.8849 million tons in 2024, a year-on-year increase of 0.63% [7] Competitive Landscape - The industry features a dual structure of international giants and domestic leading enterprises, with companies like CITIC Heavy Industries and China First Heavy Industries emerging as key players in the domestic market [9][10] - Domestic companies are increasingly capturing market share by leveraging local demand, cost-effectiveness, and rapid service response, challenging the dominance of foreign firms in certain segments [9] Future Development Trends - The industry is expected to focus on large-scale and extreme manufacturing capabilities, with advancements in equipment aimed at higher efficiency and lower energy consumption [12] - There will be a significant shift towards integrating smart technologies and digital twin systems throughout the equipment lifecycle, enhancing predictive maintenance and operational efficiency [13] - The trend towards green and low-carbon processes will become a core innovation direction, emphasizing the importance of carbon reduction technologies in equipment design and manufacturing [14]

证券日报网讯 1月5日，本钢板材在互动平台回答投资者提问时表示，鞍钢集团承诺将在5年内并力争用 更短的时间，按照相关证券监管部门的要求，在符合届时适用的法律法规及相关监管规则的前提下，本 着有利于本钢板材发展和维护股东利益尤其是中小股东利益的原则，综合运用资产重组、业务调整、委 托管理等多种方式，稳妥推进相关业务整合以解决同业竞争问题。 （文章来源：证券日报） ...

| 股票代码：000761 | 200761 | 股票简称：本钢板材 | 本钢板 B | 编号：2026-001 | | --- | --- | --- | --- | --- | | 债券代码：127018 | | 债券简称：本钢转债 | | | 本钢板材股份有限公司 2025 年第四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： 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 经深交所"深证上〔2020〕656 号"文同意，公司 68 亿元可转 换公司债券于 2020 年 8 月 4 日起在深交所挂牌交易，债券简称"本 钢转债"，债券代码"127018"。 （三）可转债转股期限 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。 转股价格：人民币 3.29 元/股 转股期限：20 ...

Group 1 - The core point of the article highlights the delivery of 16 new energy buses by Benxi Public Transport Group, marking the first application of Benxi Steel's products in local public transport, generating nearly 100 million yuan in sales [1] - The new buses feature a design that incorporates local characteristics, with a modern body shape and vibrant color scheme, enhancing the visual appeal and reflecting the local culture [1] - The initiative aims to improve service quality for citizens, providing safer, more convenient, and greener travel options, while also positioning "Benxi manufacturing" as a brand to attract external investment [1] Group 2 - The collaboration between Benxi Steel and local bus companies has established a closed-loop cooperation system, integrating steel supply, vehicle procurement, and service support, thus creating value across the entire industry chain [1] - The new buses are designed with a focus on aesthetics, utilizing dopamine elements in their color scheme to create a bright and lively visual effect [1] - The introduction of these buses is expected to enhance the overall public transport experience in Benxi, contributing to the city's development and sustainability goals [1]

（来源：本钢板材） 技术革新破局！ 板材质检计量中心ICP 检测法获评本钢先进操作法 近日，板材质检计量中心原料化验作业区自主研发的"锰铁合金中硅、磷含量的测定 电感耦合等离子发射光谱法"（ICP检测法），成功获评2023-2024年 度本钢先进操作法，以创新技术为企业质检工作注入强劲动能，助力质检工作提质增效迈出坚实步伐。 作为原料化验的关键环节，锰铁合金中硅、磷含量检测直接关系到后续生产工艺优化与产品质量管控。传统湿法化学检验流程繁琐、操作复杂，且检测周 期长，难以满足现代化生产对高效质检的需求。该中心聚焦生产痛点，组建技术攻关小组，历经多次试验优化，成功研发出ICP检测法并投入实践。 相较于传统工艺，ICP检测法展现出显著技术优势：检测效率较湿法化学检验提升2倍以上，大幅缩短了检验周期；检出限更低、精密度更高，能精准捕 捉微量成分变化，为质量判定提供可靠数据支撑；同时有效减少试剂消耗，降低二次污染风险，兼顾了检测准确性与绿色环保要求，为锰铁合金质量管控 筑牢技术屏障。 立足企业高质量发展长远规划，该中心组织相关作业区持续钻研，研发新成果。据悉，该中心原料化验作业区已制定技术升级后续方案，计划在2025年 ...

Core Insights - The coal mining machinery industry is experiencing a shift towards intelligent, green, and globalized operations, with major investments from leading companies and energy groups focusing on high-end equipment projects and technological collaborations [11]. Industry Overview - The coal mining machinery industry consists of three main segments: upstream (raw materials and components), midstream (manufacturing of coal mining equipment), and downstream (coal industry applications) [2][4]. - Upstream suppliers include companies like Benxi Steel and Hengli Hydraulic, while midstream manufacturers include Zhengzhou Coal Mining Machinery and SANY Heavy Industry [4][5]. - The downstream sector primarily consists of coal enterprises such as China Coal Energy and Datang Power [4][5]. Regional Distribution - Jiangsu Province is identified as the primary hub for coal mining machinery companies, with significant activity also in Shandong, Shaanxi, and Shanxi provinces [6]. - The coal mining machinery industry is well-established in Liaoning, Shanxi, and Beijing, covering all segments of the supply chain [9]. Investment Trends - Recent investments in the coal mining machinery sector focus on smart technology, green initiatives, and international expansion [11]. - Notable investments include: - In 2023, Shanxi Coal Machinery invested 2.1 billion yuan in a smart high-end coal machinery project, expected to generate an annual output value of 3 billion yuan [13]. - In 2023, Shaanxi Coal Group acquired Xuzhou Coal Mining Machinery for 1.8 billion yuan, increasing its market share in intelligent conveyor systems from 16% to 27% [13]. - In 2025, XCMG launched the world's first unmanned electric mining truck, aiming for zero-carbon operations [13].

Market Performance - The steel sector saw an increase of 1.07% on December 26, with Baosteel leading the gains [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] Individual Stock Performance - Baosteel shares closed at 7.35, up 2.37%, with a trading volume of 967,500 shares and a transaction value of 705 million yuan [1] - Other notable performers included Jiugang Hongxing, which rose by 1.79% to 1.71, and Hualing Steel, which increased by 1.62% to 5.65 [1] - Conversely, Maanshan Steel saw a decline of 0.71% to 4.22, with a trading volume of 792,500 shares [2] Capital Flow Analysis - The steel sector experienced a net outflow of 156 million yuan from institutional investors and retail investors, while retail investors saw a net inflow of 312 million yuan [2] - Baosteel had a net inflow of 10 million yuan from institutional investors, but a net outflow of 48.7 million yuan from speculative funds [3] - The overall capital flow indicates a mixed sentiment among different investor types within the steel sector [2][3]

12月26日，本钢板材盘中上涨2.09%，截至14:01，报3.42元/股，成交3284.51万元，换手率0.26%，总市 值140.50亿元。 分红方面，本钢板材A股上市后累计派现91.74亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，本钢板材十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股1100.78万股，相比上期增加98.66万股。招商证券(香港)有限公司退出十大流通股东之 列。 责任编辑：小浪快报 资料显示，本钢板材股份有限公司位于辽宁省本溪市平山区钢铁路1-1号，成立日期1997年6月27日，上 市日期1998年1月15日，公司主营业务涉及钢铁冶炼、压延加工、发电、煤化工、特钢型材、铁路、进 出口贸易、科研、产品销售等。主营业务收入构成为：钢板97.40%，其他2.60%。 本钢板材所属申万行业为：钢铁-普钢-板材。所属概念板块包括：低价、央企改革、中盘、融资融券 等。 截至9月30日，本钢板材股东户数4.66万，较上期增加0.76%；人均流通股0股，较上期增加0.00%。2025 年1月-9月，本钢板材实现营业收入352.01亿元，同比减少12.37% ...

Group 1 - The company held its second extraordinary general meeting of shareholders on December 25, 2025, with no proposals being rejected [1][2] - The meeting was conducted in compliance with relevant laws and regulations, and the chairman of the board, Mr. Huang, presided over the meeting [8][17] - The shareholders approved the proposal to lower the conversion price of the "Ben Gang Convertible Bonds" [11] Group 2 - The board of directors convened on December 25, 2025, with all eight directors present, and the meeting was also compliant with legal requirements [18][16] - The board approved several proposals, including the adjustment of the conversion price for the "Ben Gang Convertible Bonds" and the annual salary for senior management for 2024 [19][21] - The conversion price was adjusted from 3.95 yuan per share to 3.29 yuan per share, effective December 26, 2025 [30][31] Group 3 - The company expects to engage in daily related transactions with Ansteel Group and its subsidiaries amounting to approximately 4,124.61 million yuan in 2026, which is 347% of the company's audited net assets [44] - The board approved the expected daily related transactions, which are essential for the company's normal production and operations [50] - Independent directors confirmed that the expected transactions are fair and will not harm the interests of non-related shareholders [51]

采购方面，预计向本溪北营钢铁采购主要原材料1,488,320万元，向本溪钢铁矿业采购803,992.35万元； 销售方面，预计向鞍山钢铁集团销售商品738,445.60万元，向本溪北营钢铁销售182,132.55万元。 南方财经12月26日电，本钢板材（000761.SZ）公告，预计2026年度与鞍钢集团及其下属企业发生日常 关联交易总额为4,124,608.07万元，占公司最近一期经审计净资产的347%。 ...