证券代码：000932 股票简称：华菱钢铁 公告编号：2025-28 湖南华菱钢铁股份有限公司 第八届董事会第三十一次会议决议公告 表决结果：有效表决票 9 票，其中同意 9 票，反对 0 票，弃权 0 票通过了该议案。 三、备查文件 经与会董事签字并加盖董事会印章的董事会决议。 湖南华菱钢铁股份有限公司董事会 2025 年 4 月 28 日 本公司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。 一、董事会会议召开情况 湖南华菱钢铁股份有限公司（以下简称"公司"或"华菱钢铁"）第八届董事会第 三十一次会议于 2025 年 4 月 28 日以通讯表决方式召开，会议通知已于 2025 年 4 月 24 日发出。会议发出表决票 9 份，收到表决票 9 份。本次会议的召开符合《公司法》《证 券法》和《公司章程》的有关规定。 二、董事会会议审议情况 董事会审议并通过了《关于华菱湘钢处置股票资产的议案》： 为优化资产结构，提高资产运营效率，同意子公司湖南华菱湘潭钢铁有限公司减持 所持兰石重装不超过 3%的股份（即不超过 39,188,754 股）。同时，授权公司经理层决 策本次减 ...

汽车产业变革浪潮下，新能源化、智能化技术加速演进，也对车身材料提出全新要求。在此背景下，汽车用钢材料正向更高强度、更轻量化和更低碳环 保迭代升级。 作为汽车用钢综合解决方案提供商，VAMA紧跟行业发展趋势，通过生产本地化以及在新钢种研发领域的创新升级，持续助力汽车制造迭代升级。今年 上海车展期间，VAMA&GONVVAMA联合展出多款汽车用钢前沿技术和产品，并发布了驭简™多零件集成解决方案，引领汽车用钢技术迈向新高度。 除了提供车身轻量化钢材解决方案，VAMA还大力推广热成形钢在电池包上的应用。此次展出的全新钢制电池包解决方案，则是其与电池及电池壳体企 业协同研发而来，相较传统铝制电池包设计，可在有效控制重量、大幅提升强度的同时，实现降本40%以上。 从铝硅镀层热成形钢产品，到多零件集成解决方案，再到钢制电池包，一系列汽车用钢前沿技术和创新解决方案的展出，无不体现 VAMA&GONVVAMA对当下汽车产业智电转型的深度赋能，更勾勒出未来汽车制造在材料、工艺与安全标准上的革新路径。更值得关注的是，VAMA的母 公司安赛乐米塔尔将向其转让24个先进钢种，更将使全球最前沿的汽车用钢技术与中国市场需求深度融合。 杨峥 ...

蓄劲待时：华菱钢铁的"弹"与"韧" [Table_CoverStock] —华菱钢铁(000932)公司首次覆盖报告 证券研究报告 [Table_ReportDate] 2025 年 4 月 24 日 公司研究 [Table_ReportType] 公司首次覆盖报告 [Table_StockAndRank] 华菱钢铁(000932) 投资评级 买入 上次评级 [Table_Chart] -60% -40% -20% 0% 20% 40% 24/04 24/08 24/12 25/04 华菱钢铁 沪深300 资料来源：聚源，信达证券研发中心 [公司主要数据 Table_BaseData] | 收盘价（元） | 4.83 | | --- | --- | | 52 周内股价波动区间 | 5.78-3.39 | | (元) | | | 最近一月涨跌幅(％) | -10.08 | | 总股本(亿股) | 69.09 | | 流通 A 股比例(％) | 100% | | 总市值(亿元) | 326.78 | | 资料来源：聚源，信达证券研发中心 | | 左前明 能源行业首席分析师 执业编号：S1500518070001 ...

蓄劲待时：华菱钢铁的"弹"与"韧" [Table_CoverStock] —华菱钢铁(000932)公司首次覆盖报告 [Table_ReportDate] 2025 年 4 月 24 日 证券研究报告 公司研究 [Table_ReportType] 公司首次覆盖报告 [Table_StockAndRank] 华菱钢铁(000932) 投资评级 买入 上次评级 [Table_Chart] -60% -40% -20% 0% 20% 40% 24/04 24/08 24/12 25/04 华菱钢铁 沪深300 资料来源：聚源，信达证券研发中心 [公司主要数据 Table_BaseData] | 收盘价（元） | 4.83 | | --- | --- | | 52 周内股价波动区间 | 5.78-3.39 | | (元) | | | 最近一月涨跌幅(％) | -10.08 | | 总股本(亿股) | 69.09 | | 流通 A 股比例(％) | 100% | | 总市值(亿元) | 326.78 | | 资料来源：聚源，信达证券研发中心 | | 左前明 能源行业首席分析师 执业编号：S1500518070001 ...

Core Viewpoint - The hot-dip galvanizing industry in China has seen a steady increase in demand due to its cost-effectiveness and excellent protective properties, particularly in sectors like automotive, construction, and home appliances. Despite a recent decline in sales revenue, the industry is projected to recover slightly in 2024, supported by the manufacturing sectors of new energy vehicles and home appliances [1][11]. Industry Overview - Hot-dip galvanizing, also known as hot-dip zinc coating, involves immersing steel components in molten zinc to create a protective layer that prevents corrosion. This method is particularly effective in harsh environments [3]. - The hot-dip galvanizing industry has experienced significant growth, with sales revenue increasing from 40.948 billion yuan in 2017 to 73.569 billion yuan in 2021, followed by a decline, with a projected revenue of 68 billion yuan in 2024, reflecting a year-on-year increase of 2.56% [1][11]. Industry Chain - The upstream of the hot-dip galvanizing industry includes raw material and equipment suppliers, with steel and zinc being the primary materials. The midstream involves the galvanizing process itself, while the downstream encompasses various applications in construction, transportation, and other sectors [5]. Competitive Landscape - The hot-dip galvanizing industry features a diverse competitive landscape with both large and small enterprises. Major companies leverage scale, technology, and supply chain advantages, while smaller firms focus on flexible strategies and differentiated products [17]. Key Companies - Notable companies in the hot-dip galvanizing sector include Baosteel (宝钢股份), Zinc Industry Co. (锌业股份), and Tianjin Youfa Steel Pipe Group [1][18]. Market Trends - The demand for hot-dip galvanized products is expected to rise due to ongoing growth in construction, automotive, and home appliance sectors. The Belt and Road Initiative is anticipated to provide new opportunities for the industry, particularly in infrastructure projects [22][23]. - Technological advancements are driving improvements in hot-dip galvanizing processes, with a focus on reducing energy consumption and environmental impact. Companies are increasingly adopting automation and smart control systems to enhance production efficiency [22][23].

Summary of the Conference Call Company and Industry Overview - The conference call was held by Huayi Steel, focusing on the steel industry and the company's performance in 2024 [1][2]. - The steel industry is undergoing significant adjustments, with challenges such as excess supply capacity and high raw material prices impacting profitability [4]. Key Financial Performance - Huayi Steel achieved a total revenue of 144.7 billion yuan and a net profit of 2.032 billion yuan in 2024, maintaining a leading profitability level in the industry [2][5]. - The company's net asset per share stood at 7.77 yuan, with a debt-to-asset ratio of 56.02%, indicating a stable financial condition [5]. Strategic Initiatives - The company is actively pursuing high-end, green, intelligent, and service-oriented transformations, with 26 new high-precision products launched and 542 new patents authorized in 2024 [6][8]. - Huayi Steel's product range includes wide and thick plates, cold-rolled thin plates, seamless steel pipes, and high-end automotive sheets, with a focus on industrial steel applications [3]. Market Dynamics and Challenges - The global economic recovery faces obstacles, but China's economy shows resilience with a GDP growth of 5% and industrial value-added growth of 5.7% [4]. - The steel industry is experiencing operational challenges, including significant profit declines and increased competition among steel enterprises [4][11]. Technological Advancements - The company has implemented advanced technologies such as DeepSeek for intelligent solutions and has established a digital transformation strategy [7][30]. - Huayi Steel's digital initiatives include the deployment of AI in manufacturing processes and the establishment of a training center for AI applications [30][31]. Environmental and Sustainability Efforts - The company is committed to achieving ultra-low emissions and has made significant progress in green transformation initiatives [7][14]. - Huayi Steel's environmental indicators are improving, and it has been recognized as a benchmark for energy efficiency in the industry [8]. Investor Relations and Market Positioning - The company emphasizes investor communication and has implemented a cash dividend plan for 2024, with a payout ratio of 34% [10][39]. - Huayi Steel is focused on maintaining its market position through strategic investments and enhancing its brand recognition both domestically and internationally [12][13]. Future Outlook - The company plans to continue its focus on high-end steel products and digital transformation while addressing market challenges and enhancing operational efficiency [11][36]. - Huayi Steel aims to leverage its technological advantages and expand its market share in high-performance silicon steel, which is expected to see significant demand growth [16][18]. Conclusion - The conference highlighted Huayi Steel's robust financial performance, strategic initiatives in technology and sustainability, and commitment to maintaining investor relations while navigating industry challenges [10][41].

全球首个钢铁行业大模型获得国际电信联盟全球人工智能优秀创新奖目前已经探索了一百多个应用场景有32个已经开发结果环林三岗也是成功募选国家首批卓越级智慧工厂 第三个方面是推动绿色化转型加速我们在烧解机的脱流脱锡到原料厂的封闭工程高炉煤气晶脱流等等这一批重点项目已经完工密切投入了疫情超低排放改造达到一起进度阳春新钢是已经完成了全六成超低排放改造和评估监测发满成功创建A级环境细小公司各项环保指标持续向好 环林香缸、环林莲缸募选了行业双赞最佳实践冷销标杆示范农场可以简单我们也发布了6类产品的EPP环境产品声明第四个方面是推动服务化转型加速我们持续加强品牌宣传内绿色发展高端转型的做法有5次跟上央市报道 我们加大国际化的布局持续拓展海外高端市场全年是完胜高端钢材产品出口销量162万多同比增长8%海外收入在营业收入中占比达到8.3%同比提升了2.33%第四个方面我们持续回报股东2014年我们继续与投资者保持了一个高频率的沟通交流并且积极通过推动控股股东增值 公司股份回购注销以及稳步提升分红比例等方式切实提升投资者回报的水平控股股东在去年的7到9月份通过二级市场增持了公司1.38亿股占公司总股本的2%达到上次公司收购管理办法中 ...

证券代码：000932 证券简称：华菱钢铁 湖南华菱钢铁股份有限公司投资者关系活动记录表 | 编号：2025-2 | | --- | | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 业绩说明会 | | 动类别 | □新闻发布会 路演活动 | | | 电话会议 现场参观  | | | □其他（请文字说明其他活动内容） | | 参与单位名称 | 通过全景网召开公司 年度业绩说明会，面向全体投资者 | | 及人员姓名 | 2024 | | 地点 | 全景.路演天下 http://rs.p5w.net/ | | | 监汪净先生，董事会秘书刘笑非女士 | | | 长、总经理李建宇先生向本次说明会致辞，他在致辞中指出：回首过去 | | | 一年，钢铁行业在深度调整的浪潮中起伏，我们华菱钢铁全体干部职工 | | | 迎难而上、团结拼搏，大家心往一处想、劲往一处使，砥砺奋进，共同 | | | 年度，华菱钢铁保持战略定力，持续 书写了极为不易的奋斗答卷。2024 | | | 推进品种结构升级，品种钢销量占比达到 65%；实现营业总收入 1,447 | | | 亿元 ...

Group 1 - Hunan Hualing Steel Co., Ltd. experienced a stock price drop, hitting the daily limit down on April 7 [1] - The company was established in 1999 and is listed on the Shenzhen Stock Exchange [1] - Southern Fund's Southern CSI 500 ETF is among the top ten shareholders of Hualing Steel, having reduced its stake to 0.85% in the fourth quarter of last year [1] Group 2 - The Southern CSI 500 ETF has a year-to-date return of 2.09%, ranking 1366 out of 3442 in its category [1] - The fund manager, Luo Wenjie, has extensive experience in quantitative analysis and has been with Southern Fund since 2008 [4][5] - Southern Fund Management Co., Ltd. was founded in March 1998 and has four major shareholders, including Huatai Securities and Shenzhen Investment Holdings [5]

截至2025年4月1日收盘，华菱钢铁(000932)报收于5.08元，上涨2.01%，换手率1.73%，成交量119.19万 手，成交额6.03亿元。 董秘最新回复 投资者： 2025年2月20日，韩国产业通商资源部贸易委员会决定对自中国进口的厚板征收临时反倾销 税，税率在27.91%至38.02%之间。其中，湘潭钢铁被征收的税率高达38.02%，为各企业中最高。想请 问公司，为何会被征收最高关税？是出口价格、数量，还是其他原因导致的？另外，面对这一情况，公 司是否考虑拿起法律武器，通过合理合法的途径来维护自身的合法权益 ，以减轻此次反倾销措施对公 司业务的冲击呢？ 董秘： 感谢您对公司的关注。华菱湘钢在造船行业具有较大影响力，其造船板在自身出口产品中占比 较高，因而关税负担较高。华菱湘钢宽厚板优先满足国内需求，其出口收入占公司营业总收入比重较 低，海外贸易政策变化对公司影响有限。公司坚持通过合法途径捍卫自身权益，并根据海外贸易政策和 市场需求变化的趋势，适时调整出口策略。 董秘： 感谢您对公司的关注和建议。欧美对中国钢铁行业实行反倾销政策已持续10余年。公司密切关 注海外贸易政策，动态研判市场变化，制定采购 ...