Dividend Distribution - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The proposed cash dividend and share repurchase amount for 2024 is estimated to be between 890,613,909.90 yuan and 1,090,613,909.90 yuan, accounting for 43.83%-53.68% of the net profit attributable to shareholders[150]. - The cash dividend per 10 shares is set at 1.00 yuan (including tax), with a total cash dividend amounting to 690,613,909.90 yuan, which represents 100% of the total profit distribution[148]. Financial Performance - The company's operating revenue for 2024 was ¥144.11 billion, a decrease of 12.07% compared to ¥163.90 billion in 2023[23]. - The net profit attributable to shareholders for 2024 was ¥2.03 billion, down 59.99% from ¥5.08 billion in 2023[23]. - The net profit after deducting non-recurring gains and losses was ¥1.31 billion, a decline of 72.10% from ¥4.68 billion in 2023[23]. - The net cash flow from operating activities increased by 9.58% to ¥5.78 billion from ¥5.27 billion in 2023[23]. - Total assets at the end of 2024 reached ¥148.11 billion, an increase of 11.25% from ¥133.13 billion at the end of 2023[23]. - The weighted average return on equity decreased to 3.81% in 2024 from 9.87% in 2023, a drop of 6.06 percentage points[23]. Risk Management - The company emphasizes the importance of accurate financial reporting, with key executives affirming the report's authenticity and completeness[3]. - The company has a comprehensive risk management strategy outlined in the report, addressing potential operational risks in future developments[4]. - The company emphasizes risk management in derivative trading, focusing on hedging rather than speculation[94]. Corporate Governance - The company maintains a focus on corporate governance and social responsibility as part of its operational strategy[5]. - The company has established a relatively sound corporate governance structure and internal control system, with new policies such as the "Market Value Management System" and "Public Opinion Response Management System" implemented to enhance governance[156]. - The company is actively preparing for the transition to a new board, ensuring continuity and stability in its operations[123]. Technological Innovation - The company continues to focus on technological innovation and product development, establishing a leading advantage in various specialized fields[41]. - The company has increased its R&D investment, resulting in 542 new authorized patents, including 120 invention patents, and has received 22 major scientific awards during the reporting period[47]. - The company has established a collaborative innovation system with universities and research institutions, enhancing its R&D capabilities and market responsiveness[47]. Market Challenges - The company faced challenges in the steel industry due to excess supply and fluctuating raw material prices, impacting profitability[34]. - The steel industry is facing significant challenges with high production, high costs, high exports, low demand, low prices, and low efficiency, leading to a "three highs and three lows" situation[100]. - Market competition risks are heightened due to intensified supply-demand contradictions and the shift from expansion to optimization in the steel industry[105]. Environmental Responsibility - The company is focusing on carbon peak and carbon neutrality goals, with a clear action plan and key tasks outlined[54]. - Hualing Steel is classified as a key pollutant discharge unit and strictly adheres to various environmental protection laws and industry standards, including the "Air Pollution Prevention and Control Law" and "Water Pollution Prevention and Control Law"[159]. - The company has committed to continuous improvement in its environmental management practices and corporate governance to support high-quality development[156]. Employee Management - The total number of employees at the end of the reporting period was 23,419, with 71 in the parent company and 23,348 in major subsidiaries[142]. - The company implemented a performance-based compensation system linked to income and performance indicators, ensuring competitive salary levels in the local market[144]. - Training programs focused on high-end, intelligent, and green transformation, with a strong emphasis on developing management and technical skills[145]. Related Party Transactions - The company has a significant related party transaction with Xianggang Group for raw material procurement, with a total amount of 208,746.93 million CNY[194]. - The total actual amount of related party transactions for the reporting period was CNY 2,158,266,000, which is a 14% decrease compared to the initial estimate[196]. - The company effectively controlled its related party transaction amounts within the budget[196].

证券代码：000932 股票简称：华菱钢铁 公告编号：2025-22 湖南华菱钢铁股份有限公司 关于2024 年度利润分配预案的公告 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、审议程序 2025 年 3 月 20 日，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次会议和公司第八届监事会第二十一次会议审议 通过了《公司 2024 年度利润分配预案》。该项议案尚须提交公司 2024 年度股东 大会批准。 二、利润分配的基本情况 经信永中和会计师事务所（特殊普通合伙）审计，公司合并报表 2024 年度 实现归属于上市公司股东的净利润 2,031,760,338.73 元；公司母公司单体报表 2024 年度实现净利润 1,512,363,983.96 元，本年度可供股东分配的利润 1,512,363,983.96 元，加上年初未分配利润、扣除 2023 年度利润分配，并提取盈 余公积 151,236,398.40 元后，公司累计未分配利润为 1,677,955,068.69 元。 为积极回报股东，让广大投资者参与和分享公司发展 ...

Investment Rating - The report maintains a "Recommended" investment rating for the steel industry [2][8]. Core Viewpoints - Supply is slightly increasing while demand continues to recover, indicating a positive trend for the steel industry [4][54]. - The report highlights that the industry is expected to maintain stability supported by the real estate sector and manufacturing [8]. - The need for industry consolidation and the exit of outdated capacity has been recognized, leading to an increase in industry concentration and a shift towards high-quality product development [8]. Supply Summary - As of March 14, 2025, the total output of the five major steel products reached 8.5321 million tons, a week-on-week increase of 2.27% and a year-on-year increase of 0.50% [4][15]. - The average daily pig iron output from 247 steel enterprises was 2.3059 million tons, with a week-on-week increase of 0.03% and a year-on-year increase of 4.42% [4][15]. - The capacity utilization rate of blast furnaces was 86.57%, up 0.03 percentage points week-on-week and up 3.99 percentage points year-on-year [4][15]. Demand Summary - The total consumption of the five major steel products was 8.8388 million tons as of March 14, 2025, reflecting a week-on-week increase of 3.61% and a year-on-year increase of 6.42% [4][20]. - The daily transaction volume of construction steel by mainstream traders was 119,100 tons, showing a significant week-on-week increase of 32.29% [4][20]. - Monthly steel exports totaled 9.727 million tons, remaining stable month-on-month and increasing by 11.24% year-on-year [4][20]. Inventory Summary - The total social inventory of the five major steel products was 13.1991 million tons, down 1.47% week-on-week and down 24.99% year-on-year [4][29]. - The total factory inventory was 5.0971 million tons, reflecting a week-on-week decrease of 2.12% and a year-on-year decrease of 31.71% [4][29]. Cost Summary - As of March 14, 2025, the price index for Australian iron ore (62% Fe) was 780.6 CNY/wet ton, a week-on-week increase of 0.13% but a year-on-year decrease of 4.85% [4][42]. - The comprehensive price index for scrap steel was 2508.77 CNY/ton, down 0.90% week-on-week and down 13.86% year-on-year [4][42]. - The price index for low-sulfur coking coal was 1281.28 CNY/ton, down 1.23% week-on-week and down 36.94% year-on-year [4][43]. Price Summary - The Mysteel ordinary steel absolute price index was 3575.89 CNY/ton, with a week-on-week increase of 0.29% and a year-on-year decrease of 10.04% [4][45]. - The Mysteel special steel absolute price index was 9402.63 CNY/ton, down 0.33% week-on-week and down 3.24% year-on-year [4][45]. - The global steel price index was reported at 205 points, reflecting a week-on-week increase of 1.43% [4][45].

证券代码：000932 证券简称：华菱钢铁 公告编号： 2025-17 （二）历史沿革、主要业务及主要财务数据 华菱涟钢于2022年6月启动硅钢项目，面向新能源汽车、大型电机、家电产品等应用领域生产高端 硅钢产品，项目分两期建设，累计投资概算91.14亿元，达产达效后将实现80万吨无取向硅钢成品和30 万吨取向硅钢成品。华菱涟钢与涟源钢铁集团有限公司（以下简称"涟钢集团"）于2022年12月合资成立 电磁材料公司，作为硅钢项目建设主体。目前，硅钢一期第一步工程已于2023年6月30日投产，已实现 20万吨无取向硅钢成品生产能力；硅钢二期第一步工程正在加快推进，预计2025年内新增20万吨无取向 硅钢成品及10万吨取向硅钢成品的生产能力。 登录新浪财经APP 搜索【信披】查看更多考评等级 | 公司名称 | 湖南还朝电磁材料有限公司 | | | --- | --- | --- | | 企业性质 | 其他有限责任公司 | | | 注册地 | 湖南省委近市大埠桥街道创业营街以北,年引路以东,整存路以西,北二环以南 | | | 适度代表人 | 严立新- | | | 注册资本 | 205.000 /1元 | | | 成立 ...

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：能否请董秘介绍下硅钢生产具体有什么难度并展望一 下需求前景？涟钢电磁材料公司现在做得怎么样，硅钢开拓了哪些下游客户？ 华菱钢铁（000932.SZ）3月17日在投资者互动平台表示，谢您对公司的关注。取向硅钢制造技术高度复 杂、工艺窗口狭窄，尤其是高牌号、高磁感取向硅钢技术壁垒极高，代表着钢铁制造的最高水平，被誉 为钢铁产品"皇冠上的明珠"，顶级牌号性能的无取向硅钢制造工艺也成为各硅钢制造企业的关键核心技 术并以核心商密进行知识保护。随着国家"双碳"战略的推动实施，以及全社会电气化、智能化的不断进 步，对于节能减排的要求日益提高，国际、国内市场对中高牌号无取向硅钢和高磁感取向硅钢需求呈长 期稳定增长趋势，2022年以来高档次硅钢市场需求每年保持两位数的复合增长率。 公司子公司华菱涟 钢已有10余年硅钢开发经验，经过技术沉淀和生产积累，已经具备成熟的硅钢工艺生产流程，并与下游 优质客户建立了长期合作关系，在同行内具有较强竞争力，硅钢一期一步目前已实现满产，并通过家电 龙头企业和新能源汽车头部企业认证、实现批量供货；硅钢二期一步进展顺利，预计即 ...

证券代码：000932 证券简称：华菱钢铁 公告编号：2025- 18 方案中拟定的价格上限 5.80 元/股。本次回购符合相关法律法规及公司既定回购股份 方案的要求。 二、其他说明 公司首次回购股份的时间、回购股份数量、回购股份价格及集中竞价交易的委 托时段符合《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》的相关规定，符合公司本次实施回购股份既定的回购方案。 1、公司未在下列期间回购股份： 湖南华菱钢铁股份有限公司 关于首次回购公司股份的公告 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。 湖南华菱钢铁股份有限公司（以下简称"公司"）于 2025 年 1 月 20 日召开了第 八届董事会第二十八次会议、第八届监事会第二十一次会议，于 2025 年 2 月 14 日 召开了 2025 年第一次临时股东大会，审议通过了《关于回购公司股份方案的议案》， 公司将使用不低于人民币 20,000 万元（含）且不超过人民币 40,000 万元的自有资金 或自筹资金，在回购股份价格不超过 5.80 元/股（含）的条件下，通过深圳证券交易 ...

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大遗 漏。 一、交易概述 （一）为加快推进硅钢项目建设，优化公司治理结构，提升公司核心竞争力，公司子公司湖南华菱涟源 钢铁有限公司（以下简称"华菱涟钢"）之下属子公司湖南涟钢电磁材料有限公司（以下简称"电磁材料 公司"）拟通过公开征集方式引入外部投资者现金增资不超过15亿元。公司将根据公开征集情况遴选投 资者，确定最终的增资方案，并保持华菱涟钢对电磁材料公司的控制权（持股比例不低于51%），最终 持股比例以实际遴选结果为准。 （二）本次交易采取在产权交易机构公开挂牌的方式，投资者及最终增资金额尚不确定，公司目前无法 判断是否构成关联交易，如关联方作为投资者之一参与摘牌，公司将严格按照相关规定履行相应的决策 和信息披露程序。 （三）根据《上市公司重大资产重组管理办法》的有关规定，本次增资事项不构成上市公司重大资产重 组。 二、电磁材料公司基本情况 （一）基本情况 （二）历史沿革、主要业务及主要财务数据 华菱涟钢于2022年6月启动硅钢项目，面向新能源汽车、大型电机、家电产品等应用领域生产高端硅钢 产品，项目分两期建设，累计投资概 ...

人民财讯3月16日电，华菱钢铁(000932)3月16日晚公告，为加快推进硅钢项目建设，公司子公司湖南华 菱涟源钢铁有限公司（简称"华菱涟钢"）之下属子公司湖南涟钢电磁材料有限公司（简称"电磁材料公 司"）拟通过公开征集方式引入外部投资者现金增资不超过15亿元。 公司将根据公开征集情况遴选投资者，确定最终的增资方案，并保持华菱涟钢对电磁材料公司的控制权 （持股比例不低于51%），最终持股比例以实际遴选结果为准。 ...

证券代码：000932 证券简称：华菱钢铁 公告编号：2025-17 一、交易概述 1 关于引进投资者向湖南涟钢电磁材料有限公司增资的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏。 （一）为加快推进硅钢项目建设，优化公司治理结构，提升公司核心竞争力， 公司子公司湖南华菱涟源钢铁有限公司（以下简称"华菱涟钢"）之下属子公司湖 南涟钢电磁材料有限公司（以下简称"电磁材料公司"）拟通过公开征集方式引入 外部投资者现金增资不超过 15 亿元。公司将根据公开征集情况遴选投资者，确 定最终的增资方案，并保持华菱涟钢对电磁材料公司的控制权（持股比例不低于 51%），最终持股比例以实际遴选结果为准。 （二）本次交易采取在产权交易机构公开挂牌的方式，投资者及最终增资金 额尚不确定，公司目前无法判断是否构成关联交易，如关联方作为投资者之一参 与摘牌，公司将严格按照相关规定履行相应的决策和信息披露程序。 （三）根据《上市公司重大资产重组管理办法》的有关规定，本次增资事项 不构成上市公司重大资产重组。 湖南华菱钢铁股份有限公司 二、电磁材料公司基本情况 （一）基本情况 | 公司名 ...

证券代码：000932 股票简称：华菱钢铁 公告编号：2025-16 湖南华菱钢铁股份有限公司 第八届董事会第二十九次会议决议公告 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"）第八届董事会第二十 九次会议于 2025 年 3 月 14 日以通讯表决方式召开，会议通知已于 2025 年 3 月 14 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。 2025 年 3 月 16 日 审议通过了《关于引进投资者向湖南涟钢电磁材料有限公司增资的议案》 为加快推进硅钢项目建设，优化公司治理结构，提升公司核心竞争力，公司子公司 湖南华菱涟源钢铁有限公司（以下简称"华菱涟钢"）之下属子公司湖南涟钢电磁材料有 限公司（以下简称"电磁材料公司"）拟通过公开征集方式引入外部投资者现金增资不超 过 15 亿元。公司将根据公开征集情况遴选投资者，确定最终的增资方案，并保持华菱 涟钢对电磁材料公司的控制权（持股比例不低于 51%）， ...