Meeting Overview - The meeting was held on May 15, 2025, with a total of 158 shareholders participating, representing 237,991,916 shares, which accounts for 36.4611% of the company's total voting shares [1] - The voting was conducted both on-site and through the Shenzhen Stock Exchange's online voting system [2] Voting Results - A total of 236,994,916 shares were voted in favor of the proposals, representing 99.5811% of the valid votes cast [2] - 895,600 shares were voted against, accounting for 0.3763% of the valid votes [2] - The abstention rate was 0.0426% [2] Small Shareholders' Participation - Among small shareholders, 157 participated, representing 5,348,417 shares, which is 0.8194% of the total voting shares [1] - Small shareholders voted 4,351,417 shares in favor, which is 1.8959% of the small shareholders' valid voting shares [2] Legal Compliance - The meeting's procedures complied with relevant laws, regulations, and the company's articles of association, as confirmed by legal opinions from Beijing Jincheng Tongda & Neal Law Firm [6]

证券代码：000923 证券简称：河钢资源 公告编号：2025-18 河钢资源股份有限公司 2024 年度股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决提案的情形； 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、会议召开和出席情况 1、河钢资源股份有限公司（以下简称"公司"）2024年度股东大会会议通 知于2025年4月25日以公告形式发出。 2、会议召开方式：本次会议以现场投票与网络投票相结合的方式召开。 3、会议召开时间： 现场会议时间：2025年5月15日下午2:30起； 通过深圳证券交易所交易系统进行网络投票的具体时间为2025年5月15日上 午9:15—9:25，9:30—11:30，下午1:00—3:00； 通过深圳证券交易所互联网投票系统投票的具体时间为2025年5月15日上午 9:15－下午3:00。 4、现场会议地点：河北省石家庄市体育南大街385号1709会议室。 5、会议召集人：公司董事会。 6、会议主持人：公司董事长王耀彬先生。 7、股东出席情况 股东出席的总体情况： ...

证券代码：000923 证券简称：河钢资源 公告编号：2025-17 河钢资源股份有限公司 关于举行 2024 年度暨 2025 年第一季度 网上业绩说明会的公告 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。 欢迎广大投资者积极参与本次网上业绩说明会。 特此公告 河钢资源股份有限公司 河钢资源股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日在巨潮资 讯网（http://www.cninfo.com.cn/）披露《2024 年年度报告》及《2025 年第一 季度报告》。为便于广大投资者进一步了解公司 2024 年度及 2025 年一季度生产 经营情况，公司定于 2025 年 5 月 8 日（星期四）15：00 至 16:30 在中国证券报 中证网举行公司 2024 年度暨 2025 年第一季度网上业绩说明会。 本次业绩说明会将采用网络互动的形式举行，公司将通过文字直播方式回复 投资者提问，投资者可登录"中证路演中心（https://www.cs.com.cn/roadshow/）" 参与本次年度业绩说明会。 出席本次网上说明会的人员有：公司董 ...

Investment Rating - The report maintains a "Buy" rating for the company [5][8]. Core Views - The company achieved a revenue of 5.582 billion RMB in 2024, a year-on-year decrease of 4.86%, with a net profit attributable to shareholders of 566 million RMB, down 37.95% year-on-year [1][2]. - The copper phase II project commenced production at the end of 2024, which is expected to open up future growth opportunities for the company [1][4]. - The report predicts that iron ore prices may continue to be under pressure in 2025 due to an expected increase in global iron ore production capacity [3]. Summary by Sections Financial Performance - In 2024, the company reported iron ore production and sales of 9.005 million tons and 9.324 million tons, respectively, representing year-on-year growth of 60.16% and 32.54% [2]. - The average price of 62% iron ore fell to 109.44 USD/ton, a decrease of 10.31 USD/ton year-on-year, impacting profitability [2]. - The company's net profit for Q4 2024 was a loss of 11.43 million RMB, a significant decline compared to the previous year [1]. Future Projections - The company plans to increase its iron ore production and sales to 10 million tons in 2025 [3]. - The copper production and sales are expected to rise to 32,000 tons and 29,000 tons, respectively, in 2025 [4]. Valuation Metrics - The report adjusts the company's EPS forecasts for 2025-2027 to 1.26, 1.44, and 1.79 RMB, reflecting a downward revision of 12% and 13% for 2025 and 2026, respectively [5]. - The target price is set at 17.59 RMB, based on a PE ratio of 14.0X for 2025, which is an increase from the previous target price of 16.55 RMB [5][9].

Investment Rating - The report maintains an "Outperform" rating for the company [1] Core Insights - The company reported a total revenue of 55.82 billion yuan in 2024, a year-on-year decrease of 4.86%, and a net profit attributable to shareholders of 5.66 billion yuan, down 37.95% year-on-year [7] - The iron ore business faced price declines due to a downturn in the steel industry, with an average selling price of approximately 417 yuan per ton, a decrease of 32.68% year-on-year [7] - The copper segment turned profitable, with a sales volume of 24.8 thousand tons in 2024, a year-on-year increase of 4.42%, and a gross margin of 18.47% [7] - The company has adjusted its profit forecasts for 2025 and 2026, lowering the expected net profit to 7.5 billion yuan and 9.59 billion yuan respectively [7] Financial Data and Profit Forecast - Total revenue projections for 2025 are set at 61.98 billion yuan, with a year-on-year growth rate of 9.2% [5] - The expected net profit for 2025 is 750 million yuan, reflecting a year-on-year increase of 32.6% [5] - The company’s gross margin is projected to be 61.2% in 2025, with a return on equity (ROE) of 7.3% [5] - The price-to-earnings (PE) ratios for 2025, 2026, and 2027 are forecasted to be 11, 9, and 7 respectively [7]

Investment Rating - The report assigns a "Buy" rating to the company, indicating a positive outlook for its stock performance in the near term [5]. Core Insights - The company is expected to achieve a revenue of 5.582 billion yuan in 2024, a decrease of 4.86% year-on-year, with a net profit attributable to shareholders of 566 million yuan, down 37.95% from the previous year [1]. - The copper production from the second phase project is projected to significantly enhance the company's performance, with an expected annual output of 70,000 tons of copper once fully operational by 2026 [3]. - The company has substantial iron ore reserves, with approximately 130 million tons of high-quality magnetite stored on the surface, which can be processed at a low cost [2]. Financial Summary - Revenue and profit forecasts for 2025-2027 are as follows: - 2025: Revenue of 5.394 billion yuan, net profit of 622 million yuan - 2026: Revenue of 6.473 billion yuan, net profit of 886 million yuan - 2027: Revenue of 7.574 billion yuan, net profit of 1.218 billion yuan [4][3]. - The company’s earnings per share are projected to increase from 0.87 yuan in 2024 to 1.87 yuan in 2027 [4]. - The net profit margin is expected to improve from 10.1% in 2024 to 16.1% in 2027, reflecting enhanced profitability [13].

Core Viewpoint - The company has disclosed its quarterly report, ensuring the accuracy and completeness of financial information, and has outlined significant changes in financial metrics due to fluctuations in iron ore prices and operational costs [2][3][4][5]. Financial Data Summary - The company reported a decrease in revenue compared to the same period last year, primarily due to a decline in iron ore sales prices [4][5]. - Total profit has also decreased year-on-year, attributed to reduced revenue from lower iron ore prices [5]. - Net cash flow from operating activities has diminished compared to the previous year, reflecting the decrease in revenue [5]. Shareholder Information - The company plans to increase its shareholding through the parent company, Hebei Iron and Steel Group, with a commitment to buy back shares worth between RMB 100 million and RMB 200 million, aiming to boost investor confidence [7]. - As of March 31, 2025, Hebei Iron and Steel Group has increased its shareholding from 34.59% to 35.00% by acquiring 2,674,900 shares [7]. Other Important Matters - The company has completed its fundraising project and plans to use the remaining funds to supplement working capital, enhancing the efficiency of fund utilization [6][7].

河钢资源股份有限公司 中兴财光华审会字(2025)第 105003 号 您可使用手机"扫一扫"或进入"注册开手证明该审计报告是否由具有执业许可预会计师事务所出现 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台《http://aco.nol.gov.or】"进行在线 | 审计报告 | | | --- | --- | | 合并及公司资产负债表 | 1-2 | | 合并及公司利润表 | 3 | | 合并及公司现金流量表 | 4 | | 合并及公司股东权益变动表 | 5-8 | | 财务报表附注 | 9-93 | 目录 Zhongxingcai Guanghua Certified Public Accountants LLP ADD:A-24F. Vanton New World.No.2 Fuchengmenwai Avenue. Xicheng District Beijing China PC:100037 TFI ·010-52805600 FAX:010-52805601 审计报告 中兴财光华审会字(2025)第 105003 号 河钢资源股份有限公司全体股东: 一、审计意见 我们审计了河钢资源 ...

关于河钢资源股份有限公司 2024年度非经营性资金占 用及其他关联资金往来情况的专项说明 中兴财光华审专字（2025）第 105012 号 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（hmy/zacamolows.co 目 录 关于河钢资源股份有限公司 2024 年度非经营性 资金占用及其他关联资金往来情况的专项说明 河钢资源股份有限公司 2024年度非经营性资金 占用及其他关联资金往来情况汇总表 1 Zhonaxinacai Guanahua Certified Public DD A-24F Vanton New World No 2 Euchengmen Xicheng District, Beijing, Chir 关于河钢资源股份有限公司 2024年度非经营性资金占用及 其他关联资金往来情况的专项说明 中兴财光华审专字(2025)第 105012 号 河钢资源股份有限公司全体股东: 我们接受河钢资源股份有限公司(以下简称"河钢资源公司")委托,根据 中 国注册会计师执业准则审计了河钢资源公司 2024 年 12 月 31 日 的合并及公司 资产负债表,2024年度合并及公司利润表、合并 ...