Core Viewpoint - The company, Xinxing Casting Pipe Co., Ltd., is set to hold a third-quarter performance briefing on November 28, 2025, to enhance communication with investors and gather their questions in advance [1][2]. Group 1 - The performance briefing will take place from 15:00 to 16:30 on November 28, 2025, via an online interactive platform [1]. - Key personnel attending the briefing include Chairman He Qishu, General Manager Wang Changhui, Independent Director Wang Zhongcheng, and Chief Accountant and Board Secretary Wang Meiying [1]. - The company is actively soliciting questions from investors until November 26, 2025, to ensure the discussion is relevant and targeted [2]. Group 2 - Investors can submit their questions through the designated webpage or by scanning a QR code provided in the announcement [2]. - The company encourages broad participation from investors to foster a more engaging and informative session [2].

证券代码：000778 证券简称：新兴铸管 公告编号：2025-50 新兴铸管股份有限公司 关于召开 2025 年第三季度业绩说明会 并征集相关问题的公告 欢迎广大投资者积极参与本次业绩说明会。 （问题征集专题页面二维码） 特此公告 新兴铸管股份有限公司董事会 2025 年 11 月 24 日 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。 新兴铸管股份有限公司（以下简称"公司"）定于 2025 年 11 月 28 日（星期五） 15:00-16:30 在全景网举办"2025 年第三季度业绩说明会"，本次业绩说明会将采用网络 远程互动的方式举行，投资者可登录全景网"投资者关系互动平台"（http://ir.p5w.net） 参与本次业绩说明会。 出席本次说明会的人员有：公司董事长何齐书先生，董事、总经理王昌辉先生，独 立董事王忠诚先生，总会计师、董事会秘书王美英女士。 为充分尊重投资者、提升交流的针对性，现就公司本次业绩说明会提前向投资者公 开征集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 11 月 26 日（星期三） 15:00 前访问（ht ...

Core Insights - The article highlights the digital transformation of the traditional steel industry in Wu'an, Hebei, showcasing how the city is leveraging digital technologies to enhance productivity and sustainability [1][2]. Group 1: Digital Transformation Strategy - Wu'an has identified high-end, intelligent, and green development as key directions for its steel industry during the 14th Five-Year Plan, focusing on digital transformation as a core strategy for industrial upgrading [1][2]. - The establishment of leadership groups and specialized teams aims to ensure steady progress in digital transformation, including a comprehensive assessment of AI applications in the steel sector [2]. Group 2: Implementation of Digital Technologies - The application of vertical large models has significantly improved production efficiency, with examples such as a 20% increase in production efficiency and a 10% reduction in desulfurization agent usage at Puyang Steel [3]. - New technologies have drastically reduced processing times, such as the iron front batching model at Xinxing Foundry, which cut the optimal batching time from 2 hours to 15 minutes, achieving a 300% efficiency increase [3]. Group 3: Environmental and Safety Improvements - Environmental models have led to a 5% to 10% reduction in energy and chemical costs for wastewater treatment, with a water quality compliance rate improvement of 2 to 5 times [4]. - Safety monitoring systems have achieved over 95% accuracy in identifying safety violations, contributing to a reduction in workplace accidents [3][4]. Group 4: Robotics and Automation - The widespread use of industrial robots has become a highlight of Wu'an's steel industry's transformation, with applications in various processes achieving a 77% application rate in Xinxing Foundry [5]. - Automation has not only reduced costs but also enhanced product competitiveness and decision-making efficiency in complex scenarios [5]. Group 5: Future Development and Goals - Wu'an is focusing on building smart factories and exploring future factory models, aiming to create replicable and scalable digital transformation paths [6]. - The city plans to continue investing in AI technologies and support collaborations between enterprises and leading AI companies to deepen core technology research and application [6].

Market Overview - On November 17, the general steel sector rose by 0.01% compared to the previous trading day, with Hangzhou Iron & Steel leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Individual Stock Performance - Hangzhou Iron & Steel (600126) closed at 9.25, up 2.21% with a trading volume of 1,096,300 shares and a transaction value of 1.013 billion [1] - Shougang Group (000959) closed at 4.63, up 1.76% with a trading volume of 516,500 shares [1] - Other notable performers include Nanjing Steel (600282) up 1.25%, Linggang Steel (600231) up 0.78%, and Baosteel (600581) up 0.77% [1] Fund Flow Analysis - The general steel sector experienced a net outflow of 44.86 million from institutional funds and 90.84 million from speculative funds, while retail investors saw a net inflow of 136 million [2] - Hangzhou Iron & Steel had a net inflow of 15 million from institutional funds, but a net outflow of 69.36 million from speculative funds [3] - Other companies like Hualing Steel (000932) and Shandong Steel (600022) also showed mixed fund flows, with Hualing Steel experiencing a net inflow of 30.44 million from institutional funds [3]

Investment Rating - The report maintains a "Buy" rating for several steel companies, including Hualing Steel, Nanjing Steel, Baosteel, and New Steel [8][9][10]. Core Viewpoints - The steel sector has shown a strong performance this year, with a year-to-date increase of over 30%, ranking 7th among Shenwan's primary industries [2]. - The report highlights that the average daily pig iron production has increased to 236.9 thousand tons, while steel production has decreased [11]. - The total inventory of steel has decreased, with a week-on-week decline of 1.7%, indicating a tightening supply [23]. - Apparent steel consumption has shown a slight decline, with a week-on-week decrease of 0.7% [52]. - The report notes that iron ore prices have strengthened, influenced by reduced shipments from Australia and Brazil [49]. Summary by Sections Market Review - The CITIC Steel Index closed at 1,999.70 points, up 0.83%, outperforming the CSI 300 Index by 1.91 percentage points [1][94]. Supply Analysis - Daily pig iron production increased by 2.8 thousand tons, while steel production has decreased, particularly in rebar [11][17]. - The capacity utilization rate for 247 steel mills is reported at 88.8%, reflecting a slight increase [17]. Inventory Analysis - The total inventory of five major steel products decreased to 1,061.4 million tons, down 1.3% week-on-week [25]. - Steel mill inventories also saw a decline, with a 2.9% reduction [25]. Demand Analysis - Apparent consumption of five major steel products decreased by 0.7% week-on-week, with rebar demand dropping more significantly [40][52]. - The average weekly transaction volume for construction steel was 100 thousand tons, reflecting a 3.9% increase [41]. Price and Profitability - The report indicates a slight increase in steel prices, with the Myspic comprehensive steel price index rising to 121.2, up 0.1% week-on-week [75]. - Current costs for long-process rebar and hot-rolled coils are reported at 3,518 yuan/ton and 3,744 yuan/ton, respectively, with negative margins [75][76].

Group 1 - The core point of the article is the announcement by Xinxing Casting Pipe (000778) regarding the election of Mr. Wang Changhui as a non-independent director of the company's tenth board of directors [1]

关于完成选举公司非独立董事的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 新兴铸管股份有限公司(以下简称"公司"或"本公司")于 2025 年 11 月 14 日召开 2025 年第二次临时股东大会，审议通过了《关于补选公司非独立董事 的议案》，选举王昌辉先生担任公司第十届董事会非独立董事（简历见附件），任 期自股东大会审议通过之日起至第十届董事会届满之日止。 王昌辉先生任公司董事后，公司董事会中兼任公司高级管理人员以及由职工 代表担任的董事人数总计不超过公司董事总数的二分之一。 特此公告 证券代码：000778 证券简称：新兴铸管 公告编号：2025-49 新兴铸管股份有限公司 2025 年 11 月 15 日 1 附件：非独立董事简历 王昌辉先生：1968 年出生，中国国籍，无海外居留权，中共党员，工学硕 士，高级工程师。1989 年 10 月参加工作，曾任河北新兴铸管有限公司主管工程 师、总经理，新兴铸管股份有限公司第一铸管部部长，芜湖新兴铸管有限责任公 司铸管部部长、黄石新兴管业有限公司董事长、本公司副总工程师、副总经理、 党委副书记、纪委书记 ...

LAW FIRM 北京市京师律师事务所 关于新兴铸管股份有限公司 2025 年第二次临时股东大会 的法律意见书 致:新兴铸管股份有限公司 北京市京师律师事务所(以下简称"本所")接受新兴铸管股份 有限公司(以下简称"公司")的委托,根据《中华人民共和国公司 法》(以下简称《公司法》)、《中华人民共和国证券法》(以下简称《证 券法》)、《上市公司股东会规则》(2022年修订)(以下称《股东会规 则》)等有关法律法规、规章、规范性文件及《新兴铸管股份有限公 司章程》(以下称《公司章程》)等有关规定,指派本所律师出席了公 司于 2025 年 11月 14 日召开的 2025 年第二次临时股东大会(以下简 称"本次股东大会"),并就本次股东大会相关事项出具本法律意见书。 公司已向本所保证,其已向本所披露一切足以影响本法律意见书 出具的事实,并提供了本所为出具本法律意见书所要求公司提供的原 始书面材料、副本材料、复印材料、承诺函或证明,并无隐瞒记载、 虚假陈述和重大遗漏之处。公司提供给本所的文件和材料是真实、准 确、完整、有效的,文件材料为副本或复印件的,与原件一致。 2025年10月28日,公司以公告形式在《证券时报 ...

证券代码：000778 证券简称：新兴铸管 公告编号：2025-48 新兴铸管股份有限公司 2025 年第二次临时股东大会决议公告 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。 特别提示: 1、本次股东大会未出现否决议案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况和出席情况 （一）会议召开情况 1、会议召开的日期和时间： （1）现场会议召开时间为：2025 年 11 月 14 日（星期五）下午 14:30 通过深圳证券交易所互联网投票系统进行网络投票的具体时间为：2025 年 11 月 14 日 9:15－15:00 2、股权登记日：2025 年 11 月 7 日（星期五） 3、会议召开地点：河北省武安市 2672 厂区公司会议室 4、召集人：公司董事会 5、会议主持人：公司董事长何齐书先生 6、召开方式：现场投票与网络投票表决相结合 7、公司部分董事、监事和高管人员通过视频方式出席本次会议 本次股东大会的召集、召开程序、出席会议人员的资格和表决程序均符合《中华人 （2）网络投票时间为：2025 年 11 月 14 日 其 ...

Core Points - The stock price of Xinxing Ductile Iron Pipes has increased by 15.97% year-to-date, with a recent rise of 2.31% over the last five trading days [2] - The company reported a revenue of 27.183 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 0.38%, while net profit attributable to shareholders reached 699 million yuan, up 44.67% year-on-year [2] - Xinxing Ductile Iron Pipes has a total market capitalization of 17.557 billion yuan as of November 6, with a trading volume of 96.162 million yuan [1] Financial Performance - The company’s main business revenue composition includes: ductile iron pipes and fittings (31.61%), special steel (24.89%), ordinary steel (23.42%), and other products (20.08%) [2] - Cumulative cash dividends since the A-share listing amount to 8.672 billion yuan, with 837 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders is 120,200, a decrease of 1.85% from the previous period, with an average of 32,403 circulating shares per person, an increase of 1.88% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 51.2662 million shares, an increase of 20.2547 million shares from the previous period [3]