Group 1 - The stock price of Xinxing Ductile Iron Pipes (000778) closed at 3.82 yuan on August 8, 2025, with an increase of 1.6% and a turnover rate of 1.42% [1] - The trading volume was 552,200 shares, with a total transaction amount of 210 million yuan [1] - On August 8, the net inflow of main funds was 7.6073 million yuan, accounting for 3.62% of the total transaction amount [4][5] Group 2 - The company is actively monitoring market opportunities in Pakistan, particularly in relation to underground pipeline construction following recent heavy rains [2] - Xinxing Ductile Iron Pipes' subsidiary, Handan Xinxing Special Pipe Co., Ltd., specializes in the research, production, and sales of special steel pipes and profiles, applicable in various fields including military, aerospace, nuclear power, high-speed rail, automotive, shipbuilding, petrochemicals, and high-end equipment manufacturing [3] - The company aims to leverage its business advantages to enhance operational performance and return value to investors [2]

Core Viewpoint - The company, Xinxing Casting, highlighted its subsidiary, Handan Xinxing Special Pipe Co., Ltd., which specializes in the research, production, and sales of special steel pipes and shaped products, applicable in various high-tech industries [1] Group 1: Company Overview - Xinxing Casting's subsidiary focuses on special steel pipes and shaped products [1] - The products are utilized in military, aerospace, nuclear power, high-speed rail, automotive, shipbuilding, petrochemical, and high-end equipment manufacturing sectors [1]

天眼查商业履历信息显示，新兴铸管股份有限公司，成立于1997年，位于邯郸市，是一家以从事金属制 品业为主的企业。企业注册资本399088.0176万人民币，实缴资本399088.0176万人民币。公司法定代表 人为何齐书。 通过天眼查大数据分析，新兴铸管股份有限公司共对外投资了44家企业，参与招投标项目5000次，知识 产权方面有商标信息34条，专利信息3071条，此外企业还拥有行政许可73个。 来源：金融界 金融界消息 截至2025年8月1日收盘，新兴铸管（000778）报收于3.76元，下跌0.27%，换手率0.86%， 成交量33.62万手，成交金额1.26亿元。 资金流向方面，今日主力资金净流入1240.13万元，占比成交额9.83%。其中，超大单净流入332.57万 元、占成交额2.64%，大单净流入907.56万元、占成交额7.19%，中单净流出流出405.27万元、占成交额 3.21%，小单净流出834.86万元、占成交额6.62%。 新兴铸管最新一期业绩显示，截至2025一季报，公司营业总收入83.75亿元、同比减少8.21%，归属净利 润1.37亿元，同比减少19.84%，扣非净利润1.21 ...

Core Viewpoint - The company has not yet participated in the construction of the Yarlung Tsangpo River downstream hydropower project but recognizes the opportunity and intends to leverage its business strengths to actively engage in the bidding process [1] Group 1 - The company emphasizes the importance of the Yarlung Tsangpo River downstream hydropower project and is committed to participating in the bidding process [1] - The bidding process for the project involves multiple stages and is influenced by various factors such as project progress, bidding rules, and market competition, leading to uncertainty regarding the company's successful participation [1] - The company will adhere to information disclosure regulations and will provide timely updates based on the project's subsequent developments [1]

Group 1 - The total salary of A-share listed company secretaries in 2024 reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - Among the 44 listed steel companies, the age distribution of secretaries shows that those aged 40-50 constitute 48%, while those over 50 account for 26% [1][3] - The highest salary among secretaries exceeds 1.5 million yuan, with notable individuals earning 2.217 million yuan, 2.1794 million yuan, and 1.9774 million yuan [7] Group 2 - In terms of educational background, all secretaries in the steel industry hold at least a bachelor's degree, with 51% holding a bachelor's degree, 47% a master's degree, and 2% a doctoral degree [3] - The salary distribution for steel company secretaries shows that 48% earn below 500,000 yuan, while 34% earn between 500,000 and 1 million yuan [5] - The frequency of investor meetings varies significantly, with 52% of companies hosting fewer than 10 meetings annually, while 16% host between 300 and 1,000 meetings [9]

董秘作为连接投资者与上市公司的"桥梁"，在上市公司资本运作中发挥着关键作用。新浪财经《2024年 度A股董秘数据报告》显示，2024年A股上市公司董秘薪酬合计达40.86亿元，平均年薪75.43万元。 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 分行业来看，统计数据显示，A股共有44家上市钢铁公司，董事会秘书聘任总体情况如下（部分统计口 径剔除无效数据）。 从董秘的年龄分布来看，介于40-50岁的董秘是市场的中坚力量，占比达到48%；50岁以上的董秘占比 为26%；30-40岁的董秘群体占比为24%；30岁以下的董秘群体占比为2%。其中，最年轻的上市公司董 秘年仅29岁，为大中矿业的林圃正。 从董秘的学历分布看，钢铁行业所有董秘均获得了本科及以上的学历，拥有本科、硕士、博士学历的董 秘数量占比分别为51%、47%、2%。其中，新兴铸管的王美英为业内唯一一个获得博士学位的董秘。 从薪酬分布看，2024年A股钢铁上市公司董秘年薪处于50万以下、50万-100万、100万-200万、200万以 上各区间的人数分别为21人、15人、6人、2人，占比分别为48%、34%、14%和4 ...

天眼查商业履历信息显示，新兴铸管股份有限公司，成立于1997年，位于邯郸市，是一家以从事金属制 品业为主的企业。企业注册资本399088.0176万人民币，实缴资本399088.0176万人民币。公司法定代表 人为何齐书。 通过天眼查大数据分析，新兴铸管股份有限公司共对外投资了44家企业，参与招投标项目5000次，知识 产权方面有商标信息34条，专利信息3058条，此外企业还拥有行政许可73个。 金融界消息 截至2025年7月29日收盘，新兴铸管（000778）报收于3.91元，上涨1.3%，换手率1.19%， 成交量46.27万手，成交金额1.79亿元。 资金流向方面，今日主力资金净流入1399.11万元，占比成交额7.8%。其中，超大单净流入1358.63万 元、占成交额7.57%，大单净流入40.48万元、占成交额0.23%，中单净流出流出459.54万元、占成交额 2.56%，小单净流出939.57万元、占成交额5.24%。 新兴铸管最新一期业绩显示，截至2025一季报，公司营业总收入83.75亿元、同比减少8.21%，归属净利 润1.37亿元，同比减少19.84%，扣非净利润1.21亿元，同比增长9 ...

光大证券股份有限公司 关于 新兴铸管股份有限公司公开挂牌转让控股子公司股权 及收回相关债权的临时受托管理事务报告 债券受托管理人 （住所：上海市静安区新闸路 1508 号） 2025 年 7 月 债券代码：149504 债券简称：21 新兴 01 契约锁 重要声明 本报告依据《公司债券发行与交易管理办法》、《新兴铸管股份有 限公司 2021 年面向合格投资者公开发行公司债券（第一期）募集说 明书》、《新兴铸管股份有限公司 2018 年面向合格投资者公开发行公 司债券债券受托管理协议》等相关文件、第三方机构出具的专业意见 以及新兴铸管股份有限公司（以下简称"新兴铸管"或"发行人"或 "公司"）出具的相关说明文件等，由"21 新兴 01"受托管理人光大 证券股份有限公司（以下简称"光大证券"）编制。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资 者应对相关事宜做出独立判断，而不应将本报告中的任何内容据以作 为光大证券所作的承诺或声明。 1 契约锁 2 一、 发行人概况 （七） 登载本临时受托管理事务报告的中国证监会指定网站： 巨潮资讯网（www.cninfo.com.cn） 二、 公司债券基本情况 （ ...

Investment Rating - The report maintains a "Buy" rating for several steel companies, indicating a positive outlook for the sector [5][8]. Core Insights - The black industrial chain has experienced significant price fluctuations, with the CITIC Steel Index rising by 7.55% during the week, outperforming the CSI 300 Index by 5.86 percentage points [1][85]. - The report highlights a rebound in steel prices due to a reversal in inventory cycles, driven by strong domestic and external demand in the first half of the year, although uncertainties remain due to tariff frictions [2][6]. - The report anticipates that the implementation of "anti-involution" policies will accelerate the recovery of industry profitability, with a focus on reducing production capacity [2][6]. Supply Analysis - Daily molten iron production has decreased slightly to 242.2 thousand tons, with a marginal decline in long-process production [11][14]. - The capacity utilization rate for domestic blast furnaces is reported at 90.8%, a slight decrease of 0.1 percentage points week-on-week [14][20]. Inventory Analysis - Total steel inventory has slightly decreased by 0.1 percentage points, with social inventory increasing while steel mill inventory has significantly declined [20][22]. - The social inventory of five major steel products stands at 9.271 million tons, up 0.5% week-on-week but down 27.4% year-on-year [22][27]. Demand Analysis - Apparent consumption of five major steel products has shown a slight decline of 0.2% week-on-week, indicating resilient demand despite the overall weakness [36][46]. - Weekly average transaction volume for construction steel has increased by 22.4% compared to the previous week, reaching 115 thousand tons [36][37]. Raw Material Analysis - Iron ore prices have strengthened, with the Platts 62% Fe iron ore price index rising to $102.6 per ton, a week-on-week increase of 2.4% [45][54]. - The report notes a decrease in Australian iron ore shipments by 10.5% week-on-week, while Brazilian shipments increased by 17.4% [54][68]. Price and Profit Analysis - The report indicates a significant improvement in immediate gross margins for steel products, with the Myspic comprehensive steel price index rising by 4.2% week-on-week [66][67]. - Current prices for rebar in Beijing and Shanghai have increased by 7.7% and 5.5% respectively, reflecting a positive trend in the market [67][70]. Key Stocks - The report recommends several stocks for investment, including: - Xinxing Ductile Iron Pipes (Buy) - Nanjing Steel (Buy) - Hualing Steel (Buy) - Baosteel (Buy) - Jiuli Special Materials (Buy) - New Steel (Increase Holding) [8][89].

Core Viewpoint - The company plans to publicly transfer its 51% stake in its subsidiary, Urumqi Mining, to recover funds due to the project's long stagnation and to focus on its core business [1][3]. Group 1: Company Actions - The company announced a public transfer of its stake in Urumqi Mining with a starting price of 205 million yuan [1][3]. - The company expects to recover 73.73 million yuan from the stake transfer and 131 million yuan from loans and interest owed by Urumqi Mining [3]. - The decision to exit the Urumqi Mining project aims to safeguard the company's interests and enhance asset efficiency [3]. Group 2: Financial Performance - The company's main business has faced challenges, with revenues declining from 47.76 billion yuan in 2022 to 36.19 billion yuan in 2024, and net profits dropping from 1.68 billion yuan to 167 million yuan in the same period [4]. - In the first quarter of 2025, the company reported a revenue of 8.375 billion yuan and a net profit of 137 million yuan, with a significant increase in non-recurring net profit by 99.29% year-on-year [4]. Group 3: Market Confidence - The controlling shareholder, Xinxing Jihua Group, has announced plans to increase its stake in the company, with a total investment of no less than 150 million yuan and up to 300 million yuan [5]. - The stock price of the company has risen by 27.4% since its low point on April 9, closing at 3.95 yuan per share on July 24 [6].