Core Viewpoint - Shougang Co., Ltd. has experienced a stock price decline of 2.22% on November 10, with a current price of 4.41 CNY per share, despite a year-to-date increase of 45.64% [1] Financial Performance - For the period from January to September 2025, Shougang Co., Ltd. reported operating revenue of 77.234 billion CNY, a year-on-year decrease of 5.78%, while net profit attributable to shareholders increased by 368.13% to 0.953 billion CNY [2] - Cumulative cash dividends since the A-share listing amount to 8.221 billion CNY, with 0.405 billion CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 9.59% to 91,800, while the average circulating shares per person decreased by 8.75% to 70,890 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 46.314 million shares (a decrease of 7.2993 million shares), and the newly entered Guotai CSI Steel ETF, holding 15.5295 million shares [3] Market Activity - On November 10, the trading volume reached 87.0146 million CNY, with a turnover rate of 0.26% and a total market capitalization of 34.199 billion CNY [1] - The net outflow of main funds was 145,900 CNY, with significant buying and selling activity from large orders [1] Business Overview - Shougang Co., Ltd. specializes in the production and sales of electrical steel and steel products, with revenue composition from cold-rolled (41.42%), hot-rolled (39.28%), and soft magnetic materials (15.10%) [1] - The company is categorized under the steel industry, specifically in the sub-sector of general steel and sheet products [1]

Core Viewpoint - Shougang Corporation's stock has shown significant growth this year, with a 48.94% increase, despite a recent net outflow of funds [1][2]. Financial Performance - For the period from January to September 2025, Shougang Corporation reported a revenue of 772.34 billion, a year-on-year decrease of 5.78%, while the net profit attributable to shareholders increased by 368.13% to 9.53 billion [2]. - The company has distributed a total of 82.21 billion in dividends since its A-share listing, with 4.05 billion distributed over the last three years [3]. Stock Market Activity - As of November 7, Shougang's stock price reached 4.51 per share, with a trading volume of 1.77 billion and a market capitalization of 349.75 billion [1]. - The stock has experienced a 7.38% increase over the last five trading days and an 8.41% increase over the last 60 days [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 91,800, with an average of 70,890 circulating shares per person, a decrease of 8.75% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with notable changes in their holdings [3].

Core Viewpoint - Shougang Co., Ltd. has shown a significant increase in stock price and profitability, despite a decline in revenue, indicating potential resilience in its operations and market positioning [1][2]. Financial Performance - As of September 30, 2025, Shougang Co., Ltd. reported a revenue of 77.23 billion yuan, a year-on-year decrease of 5.78% [2]. - The company achieved a net profit attributable to shareholders of 0.953 billion yuan, marking a substantial year-on-year increase of 368.13% [2]. Stock Market Activity - On November 6, 2023, Shougang's stock price rose by 2.09%, reaching 4.40 yuan per share, with a total market capitalization of 34.12 billion yuan [1]. - The stock has increased by 45.31% year-to-date, with a 4.51% rise over the last five trading days [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 91,800, reflecting a 9.59% rise [2]. - The average number of circulating shares per shareholder decreased by 8.75% to 70,890 shares [2]. Dividend Distribution - Shougang Co., Ltd. has distributed a total of 8.22 billion yuan in dividends since its A-share listing, with 0.405 billion yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the seventh-largest circulating shareholder, holding 46.31 million shares, a decrease of 7.30 million shares from the previous period [3]. - The Southern CSI 500 ETF and Guotai CSI Steel ETF were also among the top ten circulating shareholders, with respective holdings of 22.63 million shares and 15.53 million shares [3].

Core Viewpoint - The company held a successful Q3 2025 earnings presentation, demonstrating effective communication with investors and addressing various inquiries regarding financial performance and strategic initiatives [1]. Financial Performance - The company's fixed asset investment for 2025 is projected to be approximately 3.9 billion, with about 1.3 billion expected in Q4, primarily focused on energy conservation, carbon reduction, product structure adjustment, and environmental projects [2]. - As of the end of Q3 2025, the total number of common shareholders is 91,793 [2]. - The company's net profit has increased year-on-year due to product structure optimization and internal cost reduction efforts [4]. - The gross profit margin has improved by 1.51 percentage points year-on-year, attributed to similar optimization and cost reduction strategies [6]. Debt Management - The company's asset-liability ratio was 57.22% at the end of Q3 2025, a decrease of 15.88 percentage points since the end of 2020, indicating a stable downward trend in leverage [4]. Strategic Initiatives - The company plans to enhance its overseas marketing service system and optimize market layout and export product structure to strengthen supply chain capabilities in response to complex market conditions [5]. - A stock option and restricted stock incentive plan was disclosed on September 30, 2025, aimed at aligning the interests of shareholders, the company, and core team members for long-term development [7]. Cash Flow Management - The company's cash flow situation is stable and healthy, dependent on its profitability and financial management capabilities, with expectations to maintain this management model in the future [8].

Core Viewpoint - Beijing Shougang Co., Ltd. has initiated a share repurchase plan to enhance shareholder value and implement an equity incentive program, with a total repurchase amount expected to be between 40 million to 80 million shares, representing 0.52% to 1.03% of the total share capital [2] Group 1: Share Repurchase Plan - The company approved the share repurchase plan on September 29, 2025, and subsequently adjusted the plan on October 22, 2025, to include commitments for financing through a stock repurchase loan [2] - The repurchase will be conducted through centralized bidding, with a maximum price set at RMB 6.50 per share [2] - The repurchase period is set to last no more than 12 months from the date of the final approval [2] Group 2: First Share Repurchase Execution - On November 4, 2025, the company executed its first share repurchase, acquiring 1,200,000 shares, which is 0.0155% of the current total share capital [3] - The highest transaction price was RMB 4.33 per share, while the lowest was RMB 4.21 per share, with a total expenditure of RMB 5,111,437.00 (excluding transaction fees) [3] - The funds for this repurchase were sourced from the company's own funds and the stock repurchase loan, adhering to the previously established repurchase plan [3] Group 3: Compliance and Regulations - The company ensured that the share repurchase timing and pricing complied with relevant regulations and guidelines set by the Shenzhen Stock Exchange [4][5] - The company did not repurchase shares during periods that could significantly impact the trading price of its securities [4] - The company will continue to implement the repurchase plan based on market conditions and funding arrangements, while fulfilling disclosure obligations as required by law [5]

Group 1 - The company, Shougang Co., announced a share repurchase of 1,200,000 shares, which represents 0.0155% of its total share capital [1]

Core Viewpoint - Shougang Co., Ltd. announced a share buyback of 1.2 million shares, representing 0.0155% of its total share capital, at prices ranging from 4.21 to 4.33 CNY per share, totaling 5.1114 million CNY excluding transaction fees [1] Summary by Relevant Sections - **Share Buyback Details** - The company conducted its first share buyback on November 4, 2025, through a special securities account via centralized bidding [1] - The maximum transaction price was 4.33 CNY per share, while the minimum was 4.21 CNY per share [1] - The total amount paid for the buyback was 5.1114 million CNY [1] - **Funding Sources** - The funds for the buyback were sourced from the company's own funds and a special loan for share repurchase [1] - **Compliance and Strategy** - The buyback adheres to relevant laws and regulations and aligns with the company's established share repurchase plan [1]

Core Viewpoint - Shougang Co., Ltd. announced a share buyback of 1.2 million shares, representing 0.0155% of the total share capital, at a price range between 4.21 and 4.33 CNY per share, totaling 5.1114 million CNY excluding transaction fees [1] Summary by Categories Share Buyback Details - The buyback was conducted through a special securities account for share repurchase via centralized bidding [1] - The maximum purchase price was set at 6.50 CNY per share, which was not exceeded during the buyback [1] - The total amount paid for the buyback was 5.1114 million CNY [1] Funding Sources - The funds for the buyback were sourced from the company's own funds and a special loan for share repurchase [1] Compliance and Regulations - The buyback complies with relevant laws and regulations and aligns with the company's established share repurchase plan [1]

证券代码：000959 证券简称：首钢股份 公告编号：2025-053 北京首钢股份有限公司 关于首次回购股份的公告 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"）于2025年9月29日 召开八届二十次董事会会议，审议通过了《关于回购公司股份方案的 议案》，于2025年10月22日召开八届二十一次董事会会议，审议通过 了《关于调整回购股份方案暨取得金融机构股票回购专项贷款承诺函 的议案》。公司拟以集中竞价交易方式回购公司部分A股社会公众股 用于实施股权激励计划。本次回购股份资金来源为公司自有资金及股 票回购专项贷款，预计回购股份数量为4,000万股—8,000万股，占公 司总股本的0.52%—1.03%，回购价格不超过人民币6.50元/股。具体回 购股份的数量以回购期满时实际回购的股份数量为准。本次回购股份 的实施期限为自公司董事会审议通过最终回购股份方案之日起不超 过12个月。具体内容详见公司于2025年9月30日及2025年10月23日披 露的《北京首钢股份有限公司回购股份方案》及《北京首钢股份有限 公司关于调整回 ...

Core Viewpoint - Beijing Shougang Co., Ltd. plans to repurchase a portion of its A-shares for the implementation of an equity incentive plan, with a maximum repurchase price of RMB 6.50 per share [2][5]. Summary by Sections Repurchase Plan Overview - The repurchase will be conducted through centralized bidding, with an estimated quantity of 40 million to 80 million shares, accounting for 0.52% to 1.03% of the company's total share capital [2][10]. - The total estimated repurchase amount is approximately RMB 26 million to RMB 52 million, based on the upper limit of the repurchase price [10][11]. Purpose and Conditions - The purpose of the repurchase is to establish a long-term incentive mechanism, enhance investor confidence, and align with the company's development strategy and financial condition [5][6]. - The repurchase complies with relevant regulations, including having been listed for over six months and having no major legal violations in the past year [6][7]. Implementation Details - The repurchase will occur within 12 months from the board's approval, with specific conditions for early termination [12][19]. - The funding sources for the repurchase include the company's own funds and a special loan for stock repurchase, with a commitment from a bank to provide up to RMB 468 million [11][22]. Financial Impact and Management Analysis - As of June 30, 2025, the company's total assets were approximately RMB 12.94 billion, with sufficient liquidity to cover the repurchase costs without affecting its operational capabilities [15]. - The repurchase is expected to improve the company's long-term incentive mechanisms, thereby enhancing team cohesion and competitiveness [15]. Disclosure and Compliance - The company will adhere to strict disclosure requirements throughout the repurchase process, including timely updates on the progress and any changes to the plan [22].