股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 鞍鋼股份有限公司(備註1) 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00347 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,411,540,000 | RMB | | 1 RMB | | 1,411,540,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 1,411,540,000 | RMB | | 1 RMB | | 1,411,540,000 | | 2. 股份分類 | 普通股 | 股份類別 | ...

Group 1: Dividend Policy and Financial Performance - In 2024, Ansteel Co. will not distribute cash dividends or issue bonus shares due to a loss, in accordance with company bylaws, to ensure sustainable development and long-term interests of shareholders [2] - As of July 21, 2025, Ansteel's controlling shareholder, Anshan Iron and Steel, has cumulatively increased its shareholding by 36,143,538 shares, with a total investment of RMB 86.82 million [2] Group 2: Product Range and Market Applications - Ansteel offers a diverse product range including hot-rolled sheets, medium and thick plates, cold-rolled sheets, galvanized sheets, and seamless steel pipes, widely used in various industries such as machinery, metallurgy, and construction [3] - The company has leading R&D capabilities in medium and thick plate products, particularly in shipbuilding steel, which meets the current demands for various types of ship construction [3] Group 3: Production Capacity and Raw Material Procurement - In the first half of 2025, Ansteel produced 12.16 million tons of molten iron, maintaining stable production levels [4] - The company sources iron ore primarily from its own mines and has established agreements with Ansteel Group for stable procurement of iron concentrate, ensuring a reliable supply for its operations [4]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 鞍鋼股份有限公司(備註1) 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00347 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,411,540,000 | RMB | | 1 RMB | | 1,411,540,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 1,411,540,000 | RMB | | 1 RMB | | 1,411,540,000 | | 2. 股份分類 | 普通股 | 股份類別 | ...

為鞍鋼股份有限公司（「本公司」）股本中每股面值人民幣1.00元的H股 （附註2） 股 股之在冊股東，本人╱吾等茲委任 （附註3） 二零二五年第三次臨時股東會（「臨時股東會」）主席或 ， 地址為 ， 代表本人╱吾等出席本公司將於二零二五年九月十九日（星期五）下午二時正假座中華人民共和國遼寧省鞍山市鐵西 區鞍鋼廠區本公司會議室舉行臨時股東會或其任何續會，並以本人╱吾等名義依照下列指示就下列議案投票，如無 作出指示，則按本人╱吾等代理人認為合適的方法投票： | 普通決議案 | 贊成 | （附註4） | 反對 | （附註4） | 棄權 | （附註4） | | --- | --- | --- | --- | --- | --- | --- | | 選舉田勇先生為本公司第十屆董事會執行董事 | （附註9） | | | | | | 簽署： 日期： （股份編號：0347） 將於二零二五年九月十九日舉行之 二零二五年第三次臨時股東會適用之代理人委任表格 本人╱吾等 （附註1） 地址為 （附註1） ， 附註： ， 1. 請于空格內用正楷書寫 閣下的全名及地址。 2. 請于空格內填上本代理人委任表格所代表的股份數目。如已填上數目， ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本通告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。. （股份編號：0347） 二零二五年第三次臨時股東會通告 茲通告 鞍 鋼 股 份 有 限 公 司（「本公司」）謹 定 於 二 零 二 五 年 九 月 十 九 日（星 期 五）下 午 二 時 正 假 座 中 華 人 民 共 和 國 遼 寧 省 鞍 山 市 鐵 西 區 鞍 鋼 廠 區 本 公 司 會 議 室 舉 行 臨 時 股 東 會（「臨時股東會」），以 審 議 並 酌 情 批 准 下 列 決 議 案。除 另 有 界 定 外，本 通 告 所 用 詞 彙 具 有 本 公 司 日 期 為 二 零 二 五 年 九 月 一 日 之 通 函 所 賦 予 之 相 同 涵 義。 普通決議案 選 舉 田 勇 先 生 為 公 司 第 十 屆 董 事 會 執 行 董 事。 承董事會命 鞍鋼股份有限公司 王 軍 – 1 – 於 本 通 告 日 期，董 事 會 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他註冊 證券商、銀行經理、律師、專業會計師或其他獨立專業顧問。 閣下如已將名下的鞍鋼股份有限公司的股份全部售出或轉讓，應立即將本通函送交買主或承 讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理商，以便轉交買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本通函全部或任何部分內容而產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 本通函僅供參考，並不構成購入、購買或認購證券的要約或邀請。 （股份編號：0347） (1)選舉一名第十屆董事會執行董事 及 釋 義 (2)二零二五年第三次臨時股東會通告 董事會函件載於本通函第1至4頁。 本公司謹定於二零二五年九月十九日（星期五）下午二時正假座中華人民共和國遼寧省鞍山市 鐵西區鞍鋼廠區本公司會議室舉行臨時股東會，召開股東會之通告已於二零二五年九月一日 登載於聯交所網站(www.hkexnews.hk)及本公司網站（http://angang.wspr.com.hk）。 於臨時股東 ...

Core Viewpoint - Ansteel Group has successfully established the world's first green electricity and green hydrogen fluidized bed hydrogen metallurgy pilot line, achieving stable production of nearly zero-carbon direct reduced iron products with a metallization rate of 95% [1][2] Group 1: Project Overview - The pilot line represents a significant advancement from laboratory research to pilot testing, addressing the high carbon emissions associated with traditional ironmaking processes [1] - The project utilizes green electricity sourced from wind power and advanced alkaline water electrolysis technology to produce green hydrogen, overcoming traditional hydrogen production challenges [1] Group 2: Environmental Impact - Compared to traditional blast furnace processes, the project achieves nearly zero carbon dioxide emissions per ton of direct reduced iron produced [2] - The low impurity content of the produced direct reduced iron meets the high-end product demands, such as steel for electric vehicle motors [2] Group 3: Resource Utilization and Future Prospects - The project has lower requirements for iron ore grade and better raw material adaptability, which will enhance mineral resource utilization and alleviate iron ore import pressure [2] - Ansteel Group plans to deepen cooperation with wind and solar power stations and integrate near-zero carbon electric furnace equipment to create a green steel supply chain [2]

Core Viewpoint - The container house market in China is experiencing steady growth driven by urbanization, increased infrastructure demand, and rising temporary housing needs, although growth has slowed post-pandemic [1][10]. Market Overview - The market size of China's container house industry reached 661.2 billion yuan in 2024, with a year-on-year increase of 3.1%, but a decrease of 6.9 percentage points compared to 2023 [1][10]. - The industry is undergoing a reshuffle phase, with many short-term entrants and excess capacity being eliminated [1][10]. - Despite the slowdown in domestic demand, the advantages of container houses such as convenience, environmental friendliness, and low cost are attracting attention in overseas markets [1][10]. Industry Development - Container houses, also known as modular houses, are constructed from modified shipping containers, offering significant advantages in terms of environmental sustainability and cost-effectiveness [3][4]. - The industry has evolved since the 1950s, with significant growth in China occurring post-2000, particularly after the COVID-19 pandemic [6][10]. Industry Chain - The upstream of the container house industry includes raw materials like steel, aluminum, and glass, with steel being a critical component for structural safety and durability [7][10]. - The midstream involves the manufacturing process, which includes cutting, welding, and assembling the containers into finished products [7][10]. - The downstream applications span various sectors, including real estate, logistics, and emergency response, highlighting the versatility of container houses [7][10]. Competitive Landscape - The industry is characterized by a leading group of enterprises dominating the high-end market, while smaller companies focus on niche segments [11][12]. - Major players include China International Marine Containers (Group) Co., Ltd., Shenzhen Elegant Integrated Housing Co., Ltd., and others [11][12]. Future Trends - The application of container houses is diversifying into areas such as tourism, emergency medical services, and commercial spaces, driven by their unique design and rapid deployment capabilities [13][14]. - Companies are actively seeking to expand into overseas markets, particularly in developing countries facing housing shortages and infrastructure needs [13][14]. - Government policies are promoting standardization and modularization in the industry, encouraging the development of green building materials and energy-saving technologies [15].

Core Insights - The hydrogen metallurgy pilot line at Angang Steel's Bayuquan Steel Plant has achieved stable operation and entered the production phase, utilizing green hydrogen to replace coke in the iron-making process, aiming for near-zero carbon emissions [1][3] - The technology provides a low-carbon solution for the steel industry, addressing transformation challenges and positioning China to seize the high ground in hydrogen metallurgy technology [1] - The pilot line features a large scale with four systems: hydrogen production, granulation, reduction, and auxiliary systems, with a 100% localization rate for key equipment [1][3] Industry Characteristics - The fluidized bed hydrogen metallurgy technology is characterized by high adaptability to iron ore raw materials, overcoming particle agglomeration bottlenecks, high hydrogen reduction reaction efficiency, and complete autonomy in process equipment [3] - The direct reduced iron products from the pilot line have achieved a metallization rate of 95% [3] - Future plans include scaling up to a 500,000 tons per year industrial demonstration project for fluidized bed iron-making [3]

Core Viewpoint - Ansteel Co., Ltd. reported a decline in total revenue and a significant improvement in net profit loss for the first half of 2025, indicating a mixed performance amidst challenging market conditions [1][2]. Financial Performance - Total revenue for the first half of 2025 was 48.599 billion yuan, a decrease of 12.35% year-on-year [1]. - The net profit attributable to shareholders was -1.144 billion yuan, an improvement of 57.46% compared to the previous year [1]. - The gross margin increased by 133.26% to 0.65%, while the net margin improved by 52.45% to -2.29% [1]. - Total expenses (selling, administrative, and financial) amounted to 0.887 billion yuan, accounting for 1.83% of revenue, a decrease of 2.22% year-on-year [1]. - Earnings per share were -0.12 yuan, an increase of 57.49% year-on-year [1]. Business Evaluation - The company's historical return on invested capital (ROIC) has been weak, with a median of 3.86% over the past decade and a particularly poor ROIC of -11.06% in 2024 [2]. - The business model relies heavily on capital expenditure, necessitating careful evaluation of the profitability of such investments [2]. Competitive Advantages - The company has a strong brand reputation and is a leading supplier in various steel product segments, including shipbuilding and automotive [3][4]. - It possesses advanced technological capabilities in low-carbon metallurgy and clean steel production, ranking third in patent innovation index among Chinese steel enterprises [4]. - The company is actively pursuing digital transformation and has been recognized as a "digital leader" by the Ministry of Industry and Information Technology [4]. - It has a robust resource base, with significant iron ore reserves ensuring stable supply for operations [5]. Capital Expenditure Plans - For 2025, the company plans to invest 3.16 billion yuan in fixed assets and external investments, primarily for technological upgrades and information system improvements [6]. Raw Material Procurement - The company sources iron ore mainly from its own mines and imports, with a higher proportion coming from its own resources [7]. - Coal procurement is primarily from domestic sources, supplemented by imports, maintaining strategic partnerships with major state-owned coal mines [7].