证券日报网12月23日讯本钢板材（000761）在12月22日回答调研者提问时表示，一方面公司以市值管理 为抓手，持续落实估值提升计划，采取降本增效提高公司盈利、进行专业化整合提高管理效能、实施重 大资产置换重新定位公司估值等符合法律法规及相关监管规则的方式提升上市公司质量。另一方面公司 也将积极拓展融资渠道，做好可转债到期兑付准备。 ...

Core Insights - The sales of Bensteel's tinplate in the East China market are expected to achieve a leap in growth by nearly three times compared to 2023 and 2024, with high-end products accounting for 87% of the total sales, enhancing the company's premium pricing ability and brand influence, thus supporting its high-end transformation [2][9]. Group 1: Market Opportunity - Tinplate, known for its excellent rust resistance, good printability, outstanding sealing properties, and high recyclability, has long been widely used in the packaging of food and beverages, chemicals, and daily necessities, with strong demand in East China [4][11]. - The marketing center has strengthened its strategic layout since the end of 2024, actively organizing production technical personnel, marketing departments, and regional companies to tackle market opportunities from two aspects [4][11]. Group 2: Strategic Initiatives - The company has enhanced the "sales-research-production-finance" integrated collaboration mechanism to focus on the production and development of high-end products, ensuring quality and production [4][11]. - The team successfully completed the entire process from technical communication, program review, production organization to shipping within 20 days for a client in Jiangsu, delivering 1,000 tons of experimental materials and gaining high recognition from the client, laying a solid foundation for future cooperation [4][11]. Group 3: Technical and Service Excellence - The team focused on customer needs and overcame challenges, with Bensteel's technical personnel working on-site during the Spring Festival to monitor customer usage and resolve technical issues, successfully opening the high-end tinplate market in East China [4][11]. - This breakthrough not only demonstrates Bensteel's technical strength and service awareness but also marks a significant step in optimizing its product structure [4][11].

Group 1: Major Asset Restructuring - The company disclosed a major asset restructuring plan in June 2023, which may significantly increase the proportion of related sales and impact its independent operational capabilities [2] - The feasibility and compliance of the restructuring plan are under further careful evaluation, with uncertainties remaining [2] Group 2: Convertible Bond Arrangements - The company is preparing for the maturity of its convertible bonds by enhancing its market value management and improving profitability through cost reduction and efficiency [2] - Plans to expand financing channels are in place to ensure the smooth repayment of the convertible bonds [2] Group 3: Price Adjustment Considerations - The company will adhere to the terms outlined in the prospectus for adjusting the conversion price of the convertible bonds, ensuring it does not fall below the higher of the average trading price over the last twenty trading days or the latest audited net asset value per share [3] Group 4: Industry Policy Response - The company is committed to responding to the "anti-involution" policy by optimizing production based on market trends and focusing on stable operations, risk prevention, quality improvement, structural optimization, transformation promotion, and efficiency enhancement [3]

Group 1 - The core viewpoint of the news is that Benxi Steel Plate has experienced a decline in stock price and significant changes in financial performance, with a notable drop in revenue and a negative net profit for the year [1][2]. Group 2 - As of December 23, Benxi Steel Plate's stock price decreased by 2.08% to 3.29 CNY per share, with a trading volume of 21.31 million CNY and a market capitalization of 13.52 billion CNY [1]. - The company has seen a year-to-date stock price increase of 2.81%, a 5-day increase of 3.13%, a 20-day decrease of 1.79%, and a 60-day decrease of 8.61% [2]. - Benxi Steel Plate's main business revenue composition is 97.40% from steel plates and 2.60% from other sources, with the company involved in steel smelting, processing, power generation, coal chemical industry, special steel profiles, railways, import and export trade, research, and product sales [2]. Group 3 - As of September 30, the number of shareholders for Benxi Steel Plate was 46,600, an increase of 0.76% from the previous period, with an average of 0 circulating shares per person [2]. - For the period from January to September 2025, the company reported an operating income of 35.20 billion CNY, a year-on-year decrease of 12.37%, and a net profit attributable to shareholders of -2.22 billion CNY, a year-on-year increase of 30.88% [2]. Group 4 - Benxi Steel Plate has distributed a total of 9.17 billion CNY in dividends since its A-share listing, with no dividends distributed in the last three years [3]. - As of September 30, 2025, Hong Kong Central Clearing Limited was the sixth-largest circulating shareholder, holding 11.01 million shares, an increase of 986,600 shares from the previous period, while China Merchants Securities (Hong Kong) Limited exited the top ten circulating shareholders [3].

股票代码：000761 200761 股票简称：本钢板材 本钢板 B 编号：2025-067 债券代码：127018 债券简称：本钢转债 本钢板材股份有限公司 关于重大资产置换暨关联交易的进展公告 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： 1.公司于2023年6月21日披露的《本钢板材股份有限公司重大资 产置换暨关联交易预案》的"重大风险提示"中，对本次交易相关 的风险、标的公司有关风险及其他风险进行了说明，敬请广大投资 者注意投资风险。 2023年7月21日，公司披露了《关于筹划重大资产置换暨关联交 易的进展公告》（编号：2023-042）。 2.本次交易将导致公司关联销售比例大幅增加，可能导致公司 对控股股东及其他关联方存在重大依赖、对公司面向市场独立持续 经营的能力产生重大影响，本次交易不排除存在交易方案调整、中 止或取消的可能。公司正在对本次交易方案的可行性与合规性做进 一步审慎论证和谨慎评估。 3.本次交易方案仍需进一步论证和沟通协商，相关事项尚存在 不确定性，公司将根据相关事项的进展情况，及时履行信息披露义 务。 一、重大资产置换 ...

南财智讯12月19日电，本钢板材在投资者关系活动中表示，公司于2023年6月披露重大资产置换预案， 因交易可能导致公司对控股股东及其他关联方存在重大依赖，影响独立持续经营能力，目前正结合实际 情况对交易方案的可行性与合规性进行进一步审慎论证和评估。方案仍需沟通协商，相关事项尚存在不 确定性，公司将根据进展及时履行信息披露义务。 ...

Group 1: Major Asset Restructuring - The company is currently evaluating the feasibility and compliance of the major asset restructuring plan disclosed in June 2023, which may significantly increase the reliance on related parties and affect the company's independent operational capabilities [3][4] - The restructuring plan is still under further verification and communication, with uncertainties remaining, and the company will fulfill its information disclosure obligations based on the progress of related matters [4] Group 2: Convertible Bond Management - The company is preparing for the maturity of its convertible bonds by enhancing its market value management and implementing cost reduction and efficiency improvement strategies [4] - The company aims to expand financing channels to ensure the smooth repayment of convertible bonds upon maturity [4] Group 3: Profitability Improvement Measures - The company is focusing on developing high-value-added products to narrow the competitive gap with leading enterprises, aiming to increase selling prices and gross margins through differentiated products [4] - Strategies include reducing procurement costs, optimizing inventory management, and enhancing production efficiency through intelligent process upgrades [4] Group 4: Production Capacity and Output Considerations - The company plans to align production with industry trends and market demands, emphasizing stable operations, risk prevention, quality improvement, structural optimization, transformation promotion, and efficiency enhancement [4] Group 5: Industry Competition Resolution - Following the restructuring of the controlling shareholder, the company acknowledges overlapping market competition with Angang Group and is committed to resolving this through asset restructuring, business adjustments, and management delegation within five years [4] Group 6: Convertible Bond Price Adjustment - The company aims to protect the interests of bondholders and optimize its capital structure by adjusting the conversion price of convertible bonds, ensuring compliance with the terms outlined in the offering document [5]

Core Viewpoint - The company is currently evaluating the feasibility and compliance of a significant asset swap and related party transaction disclosed in June 2023, which may lead to a substantial increase in related party sales and significant dependence on the controlling shareholder and other related parties, potentially impacting the company's independent operational capabilities [1] Group 1 - The company disclosed a major asset swap and related party transaction plan on June 2023 [1] - The transaction may significantly increase the proportion of related party sales [1] - The company is conducting a cautious assessment of the transaction's feasibility and compliance based on its actual situation [1] Group 2 - The transaction plan requires further verification and communication [1] - There are uncertainties regarding the related matters of the transaction [1] - The company will fulfill its information disclosure obligations in a timely manner based on the progress of related matters [1]

证券日报网12月18日讯本钢板材（000761）在12月17日回答调研者提问时表示，公司将积极响应"反内 卷"的工作要求，结合行业发展趋势，以市场为导向，合理安排产量，扎实推进"稳运行、防风险、提质 量、优结构、促转型、增效益"等相关工作，以用户结构最优、生产模式最优的原则推进极致生产。 ...

Core Viewpoint - The company is focusing on enhancing its product offerings by increasing the research and production of high value-added products to narrow the competitive gap with leading enterprises and improve pricing and gross margins [1] Group 1: Product Strategy - The company is increasing its investment in the research and production of high value-added products [1] - The strategy includes differentiating products to enhance pricing power and gross margins [1] Group 2: Cost Management - The company is continuously working to reduce procurement costs through strategic purchasing, product substitution, and volume-price discounts [1] - Economic inventory management is being scientifically developed to optimize costs [1] Group 3: Sales and Distribution - The company is exploring regional cooperation to expand its sales radius and reduce cross-regional transportation costs [1] Group 4: Operational Efficiency - The company is advancing the intelligent transformation of production processes [1] - Operational management is being refined to optimize personnel and equipment efficiency, thereby improving capacity utilization [1]