证券简称：首钢股份 证券代码：000959 北京首钢股份有限公司 2025 年股票期权与限制性股票管理办法 二〇二五年九月 1 一、总则 为贯彻落实北京首钢股份有限公司（以下简称"首钢股份""本公司"或"公 司"）2025 年股票期权与限制性股票（以下简称"激励计划"或"本计划"）， 进一步完善公司的法人治理结构，充分调动经营管理人员和业务骨干的积极性和 创造性，建立长效机制吸引并留住人才，促使公司业绩稳步提升，确保公司发展 战略和经营目标的实现，根据相关法律、法规、规章和规范性文件的规定，特制 定《北京首钢股份有限公司 2025 年股票期权与限制性股票管理办法》（以下简 称"本办法"）。除特别指明，本办法中涉及用语的含义与激励计划中该等名词 的含义相同。 二、管理机构及其职责 1.股东会职责 （1）审批激励计划、本办法及其配套相关文件； （2）审批激励计划及其配套相关文件的变更与终止； （3）授权董事会处理激励计划的相关事宜。 2.董事会职责 （1）审议激励计划、本办法、及其配套相关文件，依据相关法规提请股东 会表决； （2）对激励计划是否有利于公司的持续发展，是否存在明显损害公司及全 体股东利益的情形发表 ...

证券简称：首钢股份 证券代码：000959 北京首钢股份有限公司 2025 年股票期权与限制性股票授予方案 二〇二五年九月 1 第一章 总则 第一条 为进一步完善法人治理结构，健全激励约束机制，吸引与保留符 合公司需要的优秀管理骨干和技术人才，提高可持续发展能力，推动公司发展， 依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》 （中国证券监督管理委员会令第 148 号，以下简称"《管理办法》"）、《国 有控股上市公司（境内）实施股权激励试行办法》（国资发分配[2006]175 号， 以下简称"《试行办法》"）､《关于规范国有控股上市公司实施股权激励制度 有关问题的通知》（国资发分配[2008]171 号，以下简称"《171 号文》"）、 《中央企业控股上市公司实施股权激励工作指引》（国资考分[2020]178 号，以 下简称"《178 号文》"）、《关于印发<关于市管企业规范实施股权和分红激 励工作的指导意见>的通知》(京国资发〔2021〕20 号，以下简称"《指导意 见》")、《关于修改部分证券期货规章的决定》（中国证 ...

Core Viewpoint - Shougang Co., Ltd. has experienced a decline in stock price recently, despite a year-to-date increase, indicating potential volatility in the market [1][2]. Financial Performance - As of June 30, 2025, Shougang Co., Ltd. reported a revenue of 52.517 billion yuan, a year-on-year decrease of 7.35% [2]. - The company achieved a net profit attributable to shareholders of 0.657 billion yuan, reflecting a significant year-on-year increase of 66.45% [2]. Stock Market Activity - On September 29, 2023, Shougang's stock price fell by 2.24%, trading at 3.93 yuan per share with a total market capitalization of 30.477 billion yuan [1]. - The stock has seen a year-to-date increase of 29.79%, but has declined by 5.98% over the last five trading days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 83,800, a reduction of 2.12% from the previous period [2]. - The average number of circulating shares per shareholder increased by 2.17% to 77,692 shares [2]. Dividend Distribution - Since its A-share listing, Shougang has distributed a total of 8.221 billion yuan in dividends, with 0.405 billion yuan distributed over the last three years [3]. Major Shareholders - As of June 30, 2025, Hong Kong Central Clearing Limited is the seventh-largest circulating shareholder, holding 53.6133 million shares, an increase of 9.779 million shares from the previous period [3]. - Southern CSI 500 ETF is a new entrant among the top ten circulating shareholders, holding 23.1542 million shares [3].

（来源：快查一企业中标了） 快查APP显示，首钢股份相关公司首钢京唐钢铁联合有限责任公司于2025年9月25日发布一则招标信 息，项目名称为京唐公司能源与环境部污水淡化浓水深度处理项目购置纳滤成套设备招标公告，预算金 额为975.10万元。 快查股权穿透数据显示，该公司由首钢股份持股，出资比例为70.18%。 ...

Market Overview - The Shanghai Composite Index fell by 1.23% today, with a trading volume of 1,083.14 million shares and a transaction value of 17,135.39 billion yuan, an increase of 26.47% compared to the previous trading day [1]. Industry Performance - Among the industries, the banking sector had the highest increase, up by 2.15%, with Nanjing Bank leading at a rise of 4.30% [1]. - The computer, social services, and comprehensive sectors experienced the largest declines, down by 3.74%, 3.73%, and 3.57% respectively [1][2]. Detailed Industry Data - **Banking**: +2.15%, transaction value 315.69 billion yuan, up 126.85% from the previous day, led by Nanjing Bank (+4.30%) [1]. - **Coal**: -0.02%, transaction value 103.20 billion yuan, up 34.02%, led by Antai Group (-5.22%) [1]. - **Utilities**: -0.28%, transaction value 229.25 billion yuan, up 23.66%, led by Jingyuntong (-5.99%) [1]. - **Oil & Petrochemicals**: -0.50%, transaction value 60.02 billion yuan, up 20.24%, led by Yueyang Xingchang (-4.60%) [1]. - **Transportation**: -0.91%, transaction value 224.70 billion yuan, up 20.14%, led by Jushen Co. (-9.87%) [1]. - **Food & Beverage**: -1.10%, transaction value 205.01 billion yuan, up 31.81%, led by Ziyan Food (-5.40%) [1]. - **Construction & Decoration**: -1.12%, transaction value 252.99 billion yuan, up 18.05%, led by Yabo Co. (-6.56%) [1]. - **Household Appliances**: -1.30%, transaction value 315.39 billion yuan, up 10.99%, led by Greer (-8.21%) [1]. - **Power Equipment**: -1.48%, transaction value 1,861.78 billion yuan, up 44.25%, led by Daqian Energy (-7.29%) [1]. - **Automotive**: -1.52%, transaction value 1,037.23 billion yuan, up 20.58%, led by Shanghai Wumao (-9.93%) [1]. - **Textiles & Apparel**: -1.58%, transaction value 128.03 billion yuan, up 15.04%, led by Sanfu Outdoor (-5.97%) [1]. - **Agriculture, Forestry, Animal Husbandry, and Fishery**: -1.65%, transaction value 121.46 billion yuan, up 11.51%, led by Aonong Biological (-6.99%) [1]. - **Non-Bank Financials**: -1.72%, transaction value 431.67 billion yuan, up 55.06%, led by Yalian Development (-5.63%) [1]. - **Environmental Protection**: -1.75%, transaction value 151.27 billion yuan, up 35.24%, led by Henghe Co. (-10.64%) [1]. - **Construction Materials**: -2.28%, transaction value 116.54 billion yuan, up 18.34%, led by Gongyuan Co. (-6.75%) [1]. - **Nonferrous Metals**: -2.36%, transaction value 761.40 billion yuan, up 20.71%, led by Tengyuan Cobalt (-6.04%) [1]. - **Media**: -2.36%, transaction value 390.38 billion yuan, up 24.71%, led by Jinyi Film (-8.95%) [1]. - **Beauty & Personal Care**: -2.50%, transaction value 30.26 billion yuan, up 30.69%, led by Huaye Fragrance (-4.78%) [1]. - **Defense & Military**: -2.52%, transaction value 384.06 billion yuan, up 22.18%, led by ST Sicor (-11.43%) [1]. - **Telecommunications**: -2.54%, transaction value 1,124.99 billion yuan, up 29.44%, led by Dekeli (-14.18%) [1]. - **Electronics**: -2.56%, transaction value 3,735.81 billion yuan, up 19.69%, led by Zhixin Electronics (-10.74%) [1]. - **Machinery Equipment**: -2.65%, transaction value 1,391.63 billion yuan, up 24.55%, led by Huizhong Co. (-10.29%) [1]. - **Basic Chemicals**: -2.66%, transaction value 645.44 billion yuan, up 13.75%, led by Dingjide (-7.52%) [1]. - **Steel**: -2.78%, transaction value 68.00 billion yuan, down 2.07%, led by Shougang Co. (-5.26%) [1]. - **Light Industry Manufacturing**: -2.80%, transaction value 174.20 billion yuan, up 4.62%, led by Haotaitai (-10.01%) [1]. - **Pharmaceuticals & Biotechnology**: -3.02%, transaction value 805.28 billion yuan, up 33.02%, led by Kangle Weishi (-12.10%) [1]. - **Real Estate**: -3.17%, transaction value 252.56 billion yuan, up 13.91%, led by Electronic City (-9.86%) [1]. - **Commerce & Retail**: -3.57%, transaction value 38.87 billion yuan, up 81.17%, led by Nanjing Business Travel [2]. - **Social Services**: -3.73%, transaction value 151.27 billion yuan, up 0.36%, led by Yunnan Tourism (-10.01%) [2]. - **Computers**: -3.74%, transaction value 1,426.22 billion yuan, up 34.17%, led by ST Chuangyi (-19.97%) [2].

Core Viewpoint - The recent report from China Galaxy highlights the "precise control of capacity and output" and "industry transformation and upgrading" as key development directions for the steel industry in the context of ongoing supply-side reforms [1][3]. Summary by Sections Industry Overview - In 2021, China's steel production faced significant supply-side capacity control measures, leading to a historic year-on-year decline in crude steel output by approximately 2.8%, reaching 1.035 billion tons [2]. - The combination of strong demand and strict production controls resulted in domestic steel prices rising sharply, maintaining historical highs, and the total profit for the black metal smelting and rolling industry reached 424.09 billion yuan, a year-on-year increase of 72.1% [2]. Policy Developments - The "Steel Industry Steady Growth Work Plan (2025-2026)" was jointly issued by multiple government departments, setting an average annual growth target of around 4% for the steel industry's added value over the next two years [3]. - The plan emphasizes "steady growth and prevention of internal competition," providing a clear path for structural adjustment and high-quality development in the steel sector [3]. Digital Transformation - The work plan focuses on industry upgrades, advocating for increased effective investment, modernization of processes and equipment, and accelerated digital transformation [4]. - By 2026, the steel industry aims to significantly enhance its digitalization level, integrating new information technologies deeply into the steel industry, transitioning from isolated applications to a comprehensive digital development approach [4]. Investment Recommendations - The report suggests that in the context of ongoing supply-side reforms, the steel industry's capacity will continue to concentrate on high-quality leading companies, with a focus on industry leaders and performance improvements [5]. - Recommended companies for investment include Shougang Group, Hebei Iron and Steel Group, and CITIC Special Steel [5].

Core Viewpoint - The company aims to adhere to a development path of "technological leadership and green low-carbon" while leveraging technological innovation to drive comprehensive innovation [1] Group 1: Technological Innovation - The company plans to fully utilize technological innovation to transform its technological advantages into product, service, brand, and competitive advantages [1] - Emphasis will be placed on developing high-end products such as electrical steel, automotive sheets, and tinplate in response to emerging industry demands [1] Group 2: Sustainable Development - The company is committed to enhancing the manufacturing service level and operational efficiency of steel materials while implementing low-carbon action plans [1] - The focus on low-carbon sustainable development is a key aspect of the company's future strategy [1]

Market Overview - On September 22, the general steel sector experienced a slight decline of 0.13%, with Shougang Corporation leading the losses [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Individual Stock Performance - Major gainers included: - Maanshan Iron & Steel Co., Ltd. (600808) with a closing price of 3.91, up 5.11% and a trading volume of 2.3094 million shares [1] - Youfa Group (601686) closed at 5.99, up 3.10% with a trading volume of 158,900 shares [1] - Ansteel Group Corporation (000898) closed at 2.63, up 2.73% with a trading volume of 646,400 shares [1] - Major losers included: - Shougang Corporation (6560000) closed at 4.18, down 8.73% with a trading volume of 1.9927 million shares [2] - Bayi Iron & Steel Group (600581) closed at 4.37, down 3.96% with a trading volume of 703,700 shares [2] - New Steel Co., Ltd. (600782) closed at 4.10, down 2.38% with a trading volume of 549,600 shares [2] Capital Flow Analysis - The steel sector saw a net outflow of 69.1941 million yuan from institutional investors, while retail investors contributed a net inflow of 74.8744 million yuan [2] - Notable capital flows included: - Maanshan Iron & Steel Co., Ltd. saw a net outflow of 74.4429 million yuan from institutional investors [3] - Chongqing Iron & Steel (601005) had a net inflow of 55.7782 million yuan from institutional investors [3] - Shougang Corporation experienced a net outflow of 22.8932 million yuan from retail investors [3]

Group 1 - The steel sector experienced a decline at the beginning of trading, with Shougang Corporation hitting the limit down [1] - Bayi Steel fell over 4%, while other companies such as Xining Special Steel, New Steel, and Wujin Stainless Steel also saw declines [1]

Group 1 - The core viewpoint of the article highlights the growth in China's cold-rolled sheet production, with a reported output of 4.11 million tons in May 2025, representing a year-on-year increase of 5.2% [1] - Cumulative production from January to May 2025 reached 20.057 million tons, showing a cumulative growth of 6.9% [1] - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, indicating a robust trend in the cold-rolled sheet industry [1] Group 2 - The article mentions several listed companies in the cold-rolled sheet sector, including Baosteel Co., Ltd. (600019), Maanshan Iron & Steel Co., Ltd. (600808), and Shougang Group Co., Ltd. (000959) among others [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports and customized services [1]