Core Viewpoint - The steel and photovoltaic sectors experienced significant market movements due to news of production cuts, with steel stocks surging and photovoltaic companies responding to planned production reductions. Steel Sector - The steel sector saw a substantial rally, with stocks like Shengde Xintai rising by 17% and several others hitting the daily limit up [3][6] - Chongqing Steel's stock surged over 90% at one point during the trading session, reflecting strong market sentiment [4][6] - Reports indicate that approximately half of the steel mills in Tangshan received notifications regarding production cuts, which could reduce daily output by 30,000 tons [6][9] - The China Iron and Steel Association is set to hold a meeting to discuss the industry's progress and challenges, indicating a focus on future strategies [6] Marine Economy - The marine economy sector showed strong performance, with stocks like Klete and Deepwater Haina hitting their daily limit up [7][9] - The Central Financial Committee emphasized the importance of high-quality development in the marine economy, which is expected to attract more investment and policy support [8][9] Photovoltaic Sector - The photovoltaic industry saw significant gains, with stocks like Xiuchang and Daye Intelligent reaching their daily limit up [10][12] - Major photovoltaic glass manufacturers are planning a collective production cut of 30% starting in July, which is expected to help stabilize the market [11][12] - Analysts suggest that the demand for photovoltaic products may weaken in the second half of the year, prompting companies to adjust their production strategies [12]

场内近3300股飘绿，医药板块回落，海辰药业跌约10%，荣昌生物跌超8%；券商、保险板块走弱；钢铁 板块午后爆发，盛德鑫泰涨17%，重庆钢铁、柳钢股份、首钢股份均涨停；海洋经济概念崛起，克莱特、 深水海纳等涨停；光伏产业链股拉升，秀强股份、大烨智能、通威股份、亚玛顿等均涨停。 港股方面，金山软件跌近10%，理想汽车、华虹半导体跌约3%；重庆钢铁股份午后狂拉，收盘涨超 90%，盘中一度暴涨超130%。 减限产消息扰动，钢铁、光伏概念爆发。 2日，沪指盘中窄幅震荡，创业板指、科创50指数等跌超1%；港股震荡回落，恒生科技指数翻绿。 具体来看，沪指、上证50指数在银行等板块的带动下表现坚挺，创业板指、科创50指数等均走弱。截至收 盘，沪指微跌0.09%报3454.79点，深证成指跌0.61%报10412.63点，创业板指跌1.13%报2123.72点， 科创50指数、北证50指数均跌超1%；沪深北三市合计成交14053亿元，较此前一日减少逾900亿元。 港股方面，重庆钢铁股份涨超90%，盘中一度暴涨超130%；鞍钢股份涨近13%。 消息面上，唐山环保减限产力度加大，市场流传唐山市场7月4日—15日的减排限产措施的消 ...

Industry Overview - The steel sector experienced a significant surge, with the sector's index rising over 3% on July 2, 2023, and several stocks, including Chongqing Steel and Liugang, reaching their daily limit [1] - According to the National Bureau of Statistics, the total profit of the black metal smelting and rolling processing industry in May was 14.77 billion yuan, representing a year-on-year increase of 55.5% and a month-on-month increase of 57% [1] - Despite increasing pressures from anti-dumping measures and tariffs abroad, China's steel exports are expected to grow year-on-year in 2024, indicating the competitiveness of Chinese steel products in the international market [1] - The introduction of the "anti-involution" policy in the steel industry is anticipated to accelerate the recovery of profits in the black smelting sector, addressing the long-standing low capital returns in the midstream black smelting industry [1] Company Performance - Chongqing Steel reported a 64.7% year-on-year increase in net profit excluding non-recurring items in Q1 [2] - Liugang's net profit excluding non-recurring items surged by 710.41% year-on-year in Q1 [2] - Shougang's net profit excluding non-recurring items increased by 1053.27% year-on-year in Q1 [2] - Sansteel Mingguang saw a 154.51% year-on-year growth in net profit excluding non-recurring items in Q1 [3] - Hualing Steel's net profit excluding non-recurring items grew by 39.76% year-on-year in Q1 [2] - Ansteel reported a 65.23% year-on-year increase in net profit excluding non-recurring items in Q1 [3] - Anyang Steel's net profit excluding non-recurring items rose by 101.69% year-on-year in Q1 [3] - Shandong Steel experienced a 97.18% year-on-year increase in net profit excluding non-recurring items in Q1 [3]

Group 1 - The A-share market showed a mixed pattern on July 2, with a total of 60 stocks hitting the daily limit up, and the overall success rate of limit-up stocks was 79% [1] - The focus of the market was on several strong-performing stocks, including Zhejiang Dongri in the brain-computer interface sector, which achieved its 7th limit-up in 12 days [1] - The marine economy sector performed notably well, with stocks like Shenwater Haina and Kelaite reaching their limit-up, while the aquaculture sector saw multiple stocks, including Guolian Aquatic and Zhangzidao, also hitting limit-up [1] Group 2 - The photovoltaic equipment sector received a net inflow of 4.491 billion yuan from main funds, ranking first among all industries [2] - Traditional industries such as steel, food and beverage, and energy metals also attracted significant attention from funds [2] - In contrast, the semiconductor sector faced a net outflow of 6.792 billion yuan from main funds, along with other tech sectors like communication equipment and software development experiencing outflow pressure [2]

Group 1 - The steel sector experienced a significant afternoon rally, with Wujin Stainless Steel (603878) hitting the daily limit up, indicating strong investor interest [1] - Shougang Corporation (000959) saw an increase of over 4%, reflecting positive market sentiment towards the company [1] - Other companies in the sector, including Liugang Co., Ltd. (601003), Hualing Steel (000932), and New Steel Co., Ltd. (600782), also experienced upward movement in their stock prices, suggesting a broader trend in the industry [1] Group 2 - There is a notable influx of dark pool capital into these stocks, indicating increased trading activity and potential investment interest [1]

Core Points - Beijing Shougang Co., Ltd. has been approved to publicly issue green technology innovation corporate bonds for professional investors, with a total face value not exceeding RMB 10 billion [2] - The bond issuance includes a total of 80 billion RMB for bonds with a maturity of more than one year and 20 billion RMB for short-term bonds [2] - The first phase of the bond issuance consists of two varieties, with one having a maturity of 3 years and the other 5 years, with a total issuance scale not exceeding RMB 10 billion [2] Summary by Sections - The company will issue bonds with a coupon rate inquiry range of 1.35%-2.35% for the first variety and a final coupon rate of 1.92% for the second variety [2] - The issuance is scheduled for July 1 to July 2, 2025, targeting professional institutional investors [3] - Detailed subscription methods will be published on the Shenzhen Stock Exchange and other platforms prior to the issuance [3]

债券简称：25 首迁 GK01 债券代码：524338.SZ 债券简称：25 首迁 GK02 债券代码：524339.SZ 北京首钢股份有限公司 2025 年面向专业投资者公开发行绿 色科技创新公司债券（第一期）票面利率公告 发行人及其董事、监事、高级管理人员保证公告内容真实、准确和完整，并对公 告中的虚假记载、误导性陈述或者重大遗漏承担责任。 经深圳证券交易所审核同意、并经中国证券监督管理委员会注册（证监许可 〔2024〕1249 号），北京首钢股份有限公司（以下简称"发行人"）获准向专业 投资者公开发行面值不超过人民币 100 亿元的公司债券。其中，本次公开发行一 年期以上公司债券面值总额不超过 80 亿元，本次公开发行短期公司债券面值余 额不超过 20 亿元。本次债券分期发行。根据《北京首钢股份有限公司 2025 年面 向专业投资者公开发行绿色科技创新公司债券（第一期）发行公告》，北京首钢 股份有限公司 2025 年面向专业投资者公开发行绿色科技创新公司债券（第一期） （以下简称本期债券）为本次债券的第一次发行，本期债券分为两个品种，其中 品种一期限为 3 年，品种二期限为 5 年，本期债券合计发行规模 ...

经深圳证券交易所审核同意、并经中国证券监督管理委员会注册（证监许可 〔2024〕1249 号），北京首钢股份有限公司（以下简称"发行人"）获准向专业 投资者公开发行面值不超过人民币 100 亿元的公司债券。其中，本次公开发行一 年期以上公司债券面值总额不超过 80 亿元，本次公开发行短期公司债券面值余 额不超过 20 亿元。本次债券分期发行。 根据《北京首钢股份有限公司 2025 年面向专业投资者公开发行绿色科技创 新公司债券（第一期）发行公告》，北京首钢股份有限公司 2025 年面向专业投资 者公开发行绿色科技创新公司债券（第一期）（以下简称本期债券）的发行规模 为不超过人民币 5 亿元（含 5 亿元）。本期债券分为两个品种，其中品种一期限 为 3 年，品种二期限为 5 年。本期债券引入品种间双向回拨选择权，回拨比例不 受限制，发行人和簿记管理人将根据本期债券发行申购情况，在总发行规模内， 由发行人和簿记管理人协商一致，决定是否行使品种间回拨选择权。 根据《北京首钢股份有限公司 2025 年面向专业投资者公开发行绿色科技创 新公司债券（第一期）发行公告》，发行人、簿记管理人将于 2025 年 6月 30日 ...

Core Viewpoint - Beijing Shougang Co., Ltd. has adjusted the repurchase price of restricted stock under its incentive plan following the completion of the 2024 profit distribution, which was approved at the 2024 annual general meeting [12][20]. Group 1: Board Meeting - The eighth eighteenth board meeting was held on June 27, 2025, with all eight directors participating [2][4]. - The board approved the adjustment of the repurchase price for restricted stock under the 2021 incentive plan, with a vote of 6 in favor and none against [4][24]. - The adjustment was necessary due to the completion of the 2024 profit distribution, which involved a cash dividend of 0.22 yuan per 10 shares [20][21]. Group 2: Supervisory Meeting - The eighth fifteenth supervisory meeting was also held on June 27, 2025, with all five supervisors participating [6][8]. - The supervisory board approved the same adjustment to the repurchase price of restricted stock, with a unanimous vote of 5 in favor [10][24]. - The supervisory board confirmed that the adjustment complies with relevant regulations and does not harm shareholder interests [24][25]. Group 3: Adjustment Details - The repurchase price was adjusted from 3.14 yuan per share to 3.118 yuan per share after accounting for the dividend distribution [21][22]. - The adjustment formula used was P = P0 - V, where P0 is the original repurchase price and V is the dividend per share [21][22]. - The adjustment is within the authority granted to the board and does not require further shareholder approval [22][23]. Group 4: Legal Opinion - The legal opinion confirms that the adjustment complies with the relevant laws and regulations, including the Company Law and the incentive plan [25][26]. - The necessary approvals and authorizations for the adjustment have been obtained [26].

北京首钢股份有限公司 关于调整 2021 年限制性股票激励计划 回购价格的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 北京首钢股份有限公司（以下简称"公司"）2024 年度股东大 会审议通过了《北京首钢股份有限公司 2024 年度利润分配方案》及 《北京首钢股份有限公司关于回购注销 2021 年限制性股票激励计划 剩余全部限制性股票等事项的议案》，根据股东大会决议，公司于 2025 年 6 月 27 日召开八届十八次董事会会议及八届十五次监事会会 议，分别审议通过了《北京首钢股份有限公司关于调整<激励计划> 限制性股票回购价格的议案》。根据《北京首钢股份有限公司 2021 年限制性股票激励计划（草案修订稿）》（以下简称"《激励计划》"） 及 2024 年度利润分配方案，公司拟调整本次回购注销《激励计划》 剩余全部限制性股票的回购价格，现将有关事项说明如下。 一、限制性股票激励计划已履行的决策程序和信息披露情况 （一）2021 年 8 月 2 日，公司召开七届八次董事会会议，审议 通过了《关于<北京首钢股份有限公司 2021 年限制性股票激励计划 （草 ...