北京市金杜律师事务所 关于鞍钢股份有限公司 2025 年第三次临时股东会的 法律意见书 致：鞍钢股份有限公司 4． 公司本次股东会股权登记日的股东名册； 北京市金杜律师事务所（以下简称本所）接受鞍钢股份有限公司（以下简称公 司）的委托，根据《中华人民共和国证券法》（以下简称《证券法》）、《中华人 民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上市公司 股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以下简称中国 境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别行政区 和中国台湾省）现行有效的法律、行政法规、部门规章、规范性文件和现行有效的 《鞍钢股份有限公司章程》（以下简称《公司章程》）的规定，指派律师对公司于 2025 年 9 月 19 日召开的公司 2025 年第三次临时股东会（以下简称本次股东会） 进行见证，并就本次股东会相关事项出具本法律意见书。 为出具本法律意见书，本所律师按照中国律师行业公认的业务标准、道德规范 和勤勉尽责精神，查阅了其认为必须查阅的文件，包括： 1． 经公司 2025 年第二次临时股东大会审议通过的《公司章程》； 2． 2025 年 ...

编号：10 | 投资者关系活动 | 特定对象调研 | 分析师会议 | | --- | --- | --- | | | □媒体采访 | 业绩说明会 | | 类别 | □新闻发布会 | 路演活动 | | | 现场参观 | 其他 | | 参与单位名称及 | 长江证券-赵超 | | | | 国泰海通证券-李鹏飞 | 王宏玉 | | 人员姓名 | 中信建投证券-汪明宇 | | | | 光大证券-王秋琪 | | | | 中天证券-刘大海 | | | | 国投瑞银基金-周思捷 | 王鹏 | | | 华夏基金-翟宇航 | | | | 恒安人寿基金-傅之浩 | | | | 富国基金-薛阳 | | | | 光大银行-光明明 | 王志昊 | | | 开源证券-孙二春 | | | | 申万宏源证券-陈松涛 | 周豪 | | | 国金证券-王钦扬 | | | | 民生证券-范钧 | | | | 中国银河证券-赵良毕 | 周欣 佟毅 赵中兴 | | | 浙商证券-沈皓俊 | | | | 太平洋证券-安风楼 | | | | 华创证券-马野 | | | | 财通证券-郑惠文 | | | | 广发证券-高金戈 | 林倩 | | | ...

Group 1 - The core viewpoint of the article highlights the growth in China's medium and heavy wide steel plate production, with a reported output of 18.41 million tons in July 2025, reflecting a year-on-year increase of 3.2% [1] - From January to July 2025, the cumulative production of medium and heavy wide steel plates in China reached 132.435 million tons, marking a cumulative growth of 4.4% [1] - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, indicating a robust market outlook for the steel industry in the coming years [1] Group 2 - Listed companies in the medium and heavy wide steel plate sector include Baosteel Co., Ltd. (600019), Ansteel Co., Ltd. (000898), Shougang Co., Ltd. (000959), and others [1] - Zhiyan Consulting has released a market research report titled "2025-2031 China Medium and Heavy Wide Steel Plate Industry Market Research Analysis and Industry Demand Assessment Report," which provides insights into industry trends and forecasts [1] - The article emphasizes Zhiyan Consulting's expertise in providing comprehensive industry research reports and tailored consulting services to support investment decisions [1]

Group 1 - The core viewpoint of the article highlights the significant restructuring and integration efforts of central enterprises during the "14th Five-Year Plan" period, focusing on strategic safety, industrial leadership, and public service [1][3][4] - The State-owned Assets Supervision and Administration Commission (SASAC) has facilitated the market-oriented restructuring of 10 enterprises into 6 groups, and established 9 new central enterprises [1][3] - The restructuring aims to enhance the strategic support capabilities of state-owned enterprises in key industries and critical areas, such as the establishment of China Star Network for satellite internet and the integration of strategic mineral resources [3][4] Group 2 - The restructuring also focuses on increasing industrial collaboration by promoting horizontal alliances among similar businesses and vertical integration across supply chains, exemplified by the merger of Ansteel Group and Benxi Steel Group [3][4] - The formation of China Electric Equipment aims to consolidate resources in the power equipment manufacturing sector, thereby supporting energy supply stability [3][4] - The optimization of public services is another key area, with initiatives like the establishment of China Resource Recycling Group to enhance resource recovery and utilization, and the integration of medical resources by China General Technology Group [4] Group 3 - Future efforts will concentrate on enhancing core functions and competitiveness through systematic thinking, forward-looking planning, and innovative measures to improve the efficiency of state capital allocation and operation [4]

记者 辛圆 国资委副主任李镇周三在国新办举行的"高质量完成'十四五'规划"系列主题新闻发布会上表示，"十四 五"期间国资央企大力推进布局优化结构调整，以市场化的方式重组了6组10家企业，新组建设立9家中 央企业。 一是围绕服务国家战略实施重组整合。李镇表示，以服务战略大局、维护国家安全为鲜明导向，在重要 行业和关键领域加快推进重组整合，进一步增强了国有经济的战略支撑托底能力。比如，着眼加快建设 自主可控的卫星互联网，组建了中国星网。 二是围绕增强产业协同实施重组整合。他提到，以提高产业集中度为目标，既推动同类型业务的横向联 合，又加强上下游业务的纵向整合，有力推进解决重复投资、资源分散等问题，形成了"1+1>2"的效 果。比如，鞍钢集团重组本钢集团，既提高了企业竞争力，形成了"南宝武、北鞍钢"的发展格局，又发 挥了区域引领带动作用。 例如安徽省国资委、安徽证监局4月8日印发《关于加强省属企业控股上市公司市值管理若干事项的通 知》，提出十条举措。在并购重组方面，措施提到，鼓励聚焦提高科技创新能力实施并购重组，打造一 批科技领军企业。 南京市政府办公厅3月份印发《南京市关于支持企业并购重组高质量发展的若干措施》， ...

目錄 | 重要提示及釋義 | 2 | | --- | --- | | 公司簡介 | 4 | | 會計數據和財務指標摘要 | 6 | | 管理層討論與分析 | 9 | | 公司治理、環境和社會 | 36 | | 重要事項 | 43 | | 股本變動和主要股東持股情況 | 64 | | 債券相關情況 | 75 | | 財務報告 | 78 | | 備查文件 | 268 | 重要提示及釋義 重要提示 公司董事會及董事、高級管理人員保證半年度報告內容的真實、準確和完整，不 存在虛假記載、誤導性陳述或者重大遺漏，並承擔個別及連帶的法律責任。 公司董事長王軍先生、主管會計工作負責人總會計師李景東先生和會計機構負責 人馬莉女士保證半年度報告中財務報告的真實、準確、完整。 二零二五中期報告 3 公司計劃半年度不派發現金紅利，不送紅股，不以公積金轉增股本。 公司2025年半年度財務報告未經審計。 公司2025年半年度財務報告按中國《企業會計準則》編製。 釋義 除非另有說明，以下簡稱在本報告中的含義如下： | 釋義項 | 指 | 釋義內容 | | --- | --- | --- | | 本公司、公司、 | 指 | 鞍鋼股份有限公司 ...

Group 1 - Companies listed for dividend distribution include Minghui International, Lens Technology, and Caike New Energy [1] - New IPO activities include Jinfang Pharmaceutical-B and Hesai-W, while Saint Martin International and Nanshun (Hong Kong) are scheduled for earnings announcements [2] - Companies such as Dongrui Pharmaceutical, Miniso, and Li Ning are set for dividend distribution, with Hong Kong Exchanges also participating [3] Group 2 - China New Town and Kalian International Hotel are among the companies scheduled for dividend distribution, while Tiande Real Estate and Asia Comm Hold are listed for ex-dividend [4] - Huatai Ruilin is noted for a capital increase with an ex-rights date [4]

Core Viewpoint - The report highlights a slight decline in China's medium and thick wide steel plate production in May 2025, while showing an overall increase in production for the first five months of 2025 compared to the same period in 2024 [1] Industry Summary - In May 2025, China's medium and thick wide steel plate production reached 18.87 million tons, representing a year-on-year decrease of 1.3% [1] - Cumulative production from January to May 2025 was 94.694 million tons, reflecting a cumulative growth of 4.8% compared to the same period in the previous year [1] - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, a leading industry consulting firm in China [1]

Core Viewpoint - The low-altitude economy in China is experiencing rapid growth, with the overall market size surpassing 500 billion yuan in 2023, and is projected to reach 1 trillion yuan in the near future, driven by market demand and supportive policies [1][11]. Summary by Sections Low-altitude Economy + Inspection Overview - The low-altitude economy + inspection refers to economic activities utilizing low-altitude aircraft such as drones and helicopters for various inspection tasks below 1,000 meters, with potential extensions up to 3,000 meters [3][4]. - This sector is characterized by the integration of advanced technologies like AI, blockchain, and VR/AR for real-time monitoring and data management [3]. Market Size and Growth - The market size for the low-altitude economy + inspection is estimated to be approximately 53.62 billion yuan in 2024, with expectations to grow to 120 billion yuan by 2025 [1][11]. - The overall low-altitude economy market is projected to reach about 670.25 billion yuan in 2024, with forecasts of 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [4][5]. Policy Support - The Chinese government has introduced a series of policies to support the development of the low-altitude economy, including the inclusion of low-altitude economy in national planning and specific implementation plans for innovation in general aviation equipment [5][6]. - Key policies include financial support for critical technologies and products, aiming to enhance the industry's growth and technological capabilities [5]. Industry Chain - The low-altitude economy + inspection industry chain includes upstream hardware (materials, chips, engines), midstream manufacturing and services, and downstream applications in sectors like security, environmental protection, and energy [6][7]. - Chips are identified as a core component, essential for flight control, data processing, and communication in drones and eVTOLs [9]. Key Enterprises - Major companies in the low-altitude economy + inspection sector include DJI, Chengdu Zongheng Automation Technology Co., and several others specializing in industrial drones and related technologies [12][13]. - These companies are leveraging their technological expertise to provide innovative solutions across various applications, including public safety and environmental monitoring [12][13]. Development Trends - The industry is witnessing a trend towards increased technological integration and intelligence, with advancements in AI and machine vision enhancing operational capabilities [14]. - Application scenarios are diversifying, expanding from traditional inspections to areas like smart city management and emergency response [15]. - There is a significant enhancement in system integration and platform services, providing comprehensive solutions from data collection to intelligent analysis [16].

Core Viewpoint - The Hong Kong steel stocks experienced a general increase on September 12, with notable gains in several companies [2] Company Performance - Ansteel Corporation (00347.HK) rose by 5.63%, reaching HKD 2.25 [2] - Chongqing Iron and Steel Company (01053.HK) increased by 4.55%, trading at HKD 1.38 [2] - Maanshan Iron and Steel Company (00323.HK) saw a rise of 2.85%, with a price of HKD 2.53 [2]