Market Performance - On September 12, the special steel sector rose by 0.76% compared to the previous trading day, with Shengde Xintai leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Individual Stock Performance - Shengde Login (300881) closed at 36.31, up 3.27% with a trading volume of 26,300 lots and a transaction value of 94.25 million [1] - CITIC Special Steel (000708) closed at 13.22, up 2.01% with a trading volume of 169,800 lots [1] - Taiyuan Iron & Steel (000825) closed at 4.05, up 1.76% with a trading volume of 639,800 lots [1] - Fangda Special Steel (600507) closed at 5.81, up 1.40% with a trading volume of 213,500 lots [1] - Shagang Group (002075) closed at 6.02, up 1.18% with a trading volume of 458,700 lots [1] - Xining Special Steel (600117) closed at 3.44, up 1.18% with a trading volume of 556,300 lots [1] - Jiao Jin Co. (603995) closed at 18.29, up 0.16% with a trading volume of 61,800 lots [1] - Jinzhou Pipeline (002443) closed at 7.15, down 0.28% with a trading volume of 67,300 lots [1] - Changbao Co. (002478) closed at 5.69, down 0.35% with a trading volume of 111,000 lots [1] - Fushun Special Steel (600399) closed at 5.58, down 1.24% with a trading volume of 542,000 lots [1] Capital Flow Analysis - The special steel sector saw a net inflow of 66.19 million from main funds, while retail investors experienced a net outflow of 78.48 million [2] - The main funds' net inflow for Taiyuan Iron & Steel was -53.34 million, while CITIC Special Steel had a net inflow of 34.88 million [3] - Shagang Group had a net inflow of 19.80 million from main funds, while retail investors had a net outflow of 24.90 million [3]

Market Performance - On September 11, the special steel sector rose by 1.04%, with Xianglou New Materials leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Individual Stock Performance - Xianglou New Materials (301160) closed at 64.98, with a gain of 4.29% and a trading volume of 39,600 lots, amounting to a transaction value of 254 million [1] - Fangda Special Steel (600507) closed at 5.73, up 1.78%, with a trading volume of 244,000 lots [1] - CITIC Special Steel (000708) closed at 12.96, up 1.33%, with a trading volume of 113,800 lots [1] - Other notable stocks include Jinzhou Pipeline (002443) at 7.17 (+0.99%), Shagang Group (002075) at 5.95 (+0.85%), and Jiuli Special Materials (002318) at 23.24 (+0.78%) [1] Fund Flow Analysis - The special steel sector experienced a net outflow of 112 million from main funds, while retail investors saw a net inflow of 110 million [1] - The detailed fund flow for individual stocks shows that Changbao Co. (002478) had a main fund net inflow of 6.82 million, while it faced a net outflow from speculative funds of 8.26 million [2] - Fangda Special Steel (600507) had a significant main fund net outflow of 12.08 million, with retail investors contributing a net inflow of 28.79 million [2]

Core Viewpoint - The steel industry in China is undergoing significant adjustments, characterized by high production, high costs, high inventory, low demand, low prices, and low efficiency. The trend of "reduction development" is becoming the norm, with a projected reduction in crude steel production from over 1 billion tons in 2024 to around 800 million tons by 2050, a decrease of nearly 20% [1][2]. Group 1: Industry Challenges and Strategies - The steel industry faces a "strong supply, weak demand" situation, putting pressure on many steel enterprises. The focus is on optimizing product structure while controlling or even reducing steel production to enhance operational efficiency and market share [2][3]. - Jiangsu Shagang Group, a leading private steel enterprise, plans to produce 40.54 million tons of crude steel in 2024, ranking sixth globally. The company aims to shift from producing rebar, which has seen a significant drop in output, to higher value-added products like silicon steel and marine steel [2][3]. Group 2: Innovation and Market Expansion - Shagang is aligning its development with national strategies, focusing on high-end equipment and marine industries. The company has strengthened R&D in high-value-added products, such as non-oriented silicon steel for electric vehicles, contributing to the growth of the new energy vehicle sector [3][4]. - The company has established stable cooperation with 35 countries along the Belt and Road Initiative, with overseas market revenue reaching 556 million yuan in 2024, a year-on-year increase of 90.22%. Southeast Asia accounts for one-third of Shagang's total product exports [3][4]. Group 3: Operational Management and Environmental Sustainability - Shagang is transforming its operational management to adapt to the new market dynamics, emphasizing high-quality development and resource recycling. The company has invested over 10 billion yuan in environmental management projects, achieving significant reductions in energy and water consumption [5][6]. - The introduction of advanced production lines has led to a 95% reduction in land use and substantial decreases in energy consumption, enhancing the company's ability to respond to market demands and reduce carbon emissions [5][6]. Group 4: Talent and Innovation Strategy - Shagang's success is closely tied to its innovation strategy, which includes establishing research platforms and fostering collaboration with universities and research institutions. The company has received over 60 provincial and national scientific progress awards [6][7]. - The company promotes a culture of innovation, encouraging all employees to contribute ideas and solutions. This approach aims to leverage the flexibility of a private enterprise to enhance competitiveness in the evolving steel industry [6][7].

Meeting Details - The shareholder meeting was held on September 9, 2025, at 2:00 PM [2] - The meeting combined on-site voting and online voting [5] - The location of the meeting was the 4th floor, Room 7, Shagang Hotel, Zhangjiagang City, Jiangsu Province [4] Attendance - A total of 470 shareholders and authorized representatives attended, representing 642,079,273 shares, which is 29.2676% of the total voting shares [8] - Among them, 3 shareholders attended in person, representing 624,282,176 shares (28.4563%), while 467 participated via online voting, representing 17,797,097 shares (0.8112%) [8] - Small shareholders (holding less than 5% of shares) totaled 469, representing 54,207,547 shares (2.4709%) [9] Voting Results - The proposal for the 2025 semi-annual profit distribution was approved with 639,308,373 votes in favor (99.5684%) [10] - The dissenting votes were 2,405,500 (0.3746%), and there were 365,400 abstentions (0.0569%) [10] - Among small shareholders, 51,436,647 votes were in favor (94.8884%) [10] Legal Opinions - The legal opinions provided by Beijing Jincheng Tongda & Neal Law Firm confirmed that the meeting complied with relevant laws and regulations [11]

Group 1 - The company announced the holding of its first extraordinary general meeting of shareholders for 2025 on September 9, 2025 [2] - The meeting will review and approve the proposal regarding the profit distribution plan for the first half of 2025 [2]

北京金诚同达律师事务所 关于 江苏沙钢股份有限公司 2025 年第一次临时股东大会的 法律意见书 北京市朝阳区建国门外大街 1 号国贸大厦 A 座 10 层 电话：010-5706 8585 传真：010-6518 5057 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 关于江苏沙钢股份有限公司 2025 年第一次临时股东大会的 3. 本所律师同意将本法律意见书作为公司本次股东大会公告材料，随其他 需公告的文件一同披露； 法律意见书 金证法意[2025]字 0908 第 0825 号 致：江苏沙钢股份有限公司 北京金诚同达律师事务所（以下简称"本所"）接受江苏沙钢股份有限公司 （以下简称"沙钢股份"或"公司"）的聘请，指派本所律师出席公司 2025 年 第一次临时股东大会（以下简称"本次股东大会"）并对会议的相关事项出具法 律意见书。 本所律师根据《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》《上市公司股东会规则》（以下简称"《股东会规则》"） 《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则 （试行）》等有关法律、法规和规范性文件的要求以及《江 ...

特别提示： 1、本次股东大会未出现否决提案的情形。 证券代码：002075 证券简称：沙钢股份 公告编号：临2025-025 江苏沙钢股份有限公司 2025年第一次临时股东大会决议公告 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。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间： （1）现场会议召开时间：2025年9月9日（周二）下午2:00。 （2）网络投票时间：2025年9月9日（周二）。 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年9月9日 9:15—9:25、9:30—11:30和13:00—15:00。 通过深圳证券交易所互联网投票系统进行网络投票的具体时间为：2025年9 月9日9:15—15:00期间的任意时间。 2、会议召开地点：江苏省张家港市锦丰镇沙钢宾馆4楼7号会议室。 3、会议召开方式：现场表决与网络投票相结合的方式。 4、股东大会召集人：公司董事会。 1 （二）会议出席情况 1、股东出席的总体情况 通过现场和网络投票的股东及股东授权代表共计470人， ...

Group 1 - The core viewpoint of the article highlights a decline in China's crude steel production, with a reported output of 0.8 billion tons in July 2025, representing a year-on-year decrease of 4% [1] - From January to July 2025, the cumulative crude steel production in China reached 5.9 billion tons, showing a cumulative decline of 3.1% compared to the previous year [1] Group 2 - The article references several listed companies in the steel industry, including Baosteel Co., Ltd. (600019), Ansteel Co., Ltd. (000898), and others, indicating a broad impact on the sector [1] - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, which specializes in industry research and consulting services [1]

Market Performance - On September 5, the special steel sector rose by 0.66% compared to the previous trading day, with Shengde Xintai leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - The following stocks in the special steel sector showed notable performance: - Shengde Xintai (300881) closed at 35.27, up 2.65% with a trading volume of 18,300 lots and a turnover of 64.38 million yuan [1] - Shagang Co. (002075) closed at 5.91, up 1.90% with a trading volume of 422,500 lots and a turnover of 24.7 million yuan [1] - Jiuli Special Materials (002318) closed at 22.17, up 1.74% with a trading volume of 100,700 lots and a turnover of 222 million yuan [1] Capital Flow - The special steel sector experienced a net outflow of 74.48 million yuan from institutional investors, while retail investors saw a net inflow of 71.35 million yuan [2][3] - The following stocks had significant capital flow: - Taigang Stainless (000825) had a net inflow of 9.22 million yuan from retail investors, despite a net outflow of 20.85 million yuan from institutional investors [3] - Xi'an Special Steel (600117) had a net inflow of 9.31 million yuan from retail investors, with a net outflow of 2.17 million yuan from institutional investors [3]

Market Overview - On September 4, the special steel sector declined by 0.96%, with Xianglou New Materials leading the drop [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Key stocks in the special steel sector showed varied performance, with Jinzhou Pipeline up by 1.71% and Xianglou New Materials down by 2.59% [2] - The trading volume and turnover for notable stocks included: - Jinzhou Pipeline: 180,000 shares, turnover of 128 million yuan - Xianglou New Materials: 24,500 shares, turnover of 153 million yuan - Shagang Co.: 608,400 shares, turnover of 356 million yuan [2] Capital Flow - The special steel sector experienced a net outflow of 128 million yuan from main funds, while retail investors saw a net inflow of 1.24 billion yuan [2] - The capital flow for specific stocks indicated: - Fushun Special Steel: Main funds net inflow of 13.54 million yuan, retail net outflow of 7.86 million yuan - Xianglou New Materials: Main funds net outflow of 5.03 million yuan, retail net inflow of 2.94 million yuan [3]