Export Business Performance - The company's export revenue reached 556 million CNY in 2024, representing a year-on-year growth of 90.22%, accounting for 3.86% of total revenue [2][3] - The company aims to maintain export growth by optimizing product structure and developing high-value specialty steel, while diversifying market presence beyond Southeast Asia [2][3] Industry Outlook and Demand - The steel industry is currently in a cyclical adjustment phase, with a cautiously optimistic outlook for 2025 demand driven by major projects under the "14th Five-Year Plan" and structural growth in downstream sectors like new energy and automotive [3][4] - The company plans to enhance production capacity through smart upgrades and technical innovations, focusing on high-end products to balance capacity utilization and profitability [3][4] Financial Performance - In 2024, the company reported total revenue of 14.416 billion CNY, a decrease of 7.69% year-on-year, with a net profit of 163 million CNY, down 27.75% [4][5] - The net cash flow from operating activities improved to 412 million CNY, reversing from a negative 139 million CNY in 2023 [4][5] Research and Development - The company invested 582 million CNY in R&D in 2024, which is 4.04% of total revenue, focusing on specialty steel and automotive steel [3][4] - Significant breakthroughs in core processes have led to 18 invention patents, and the company aims to continue investing in high-end steel for new energy vehicles and wind power applications [4][5] Strategic Focus - The company is prioritizing quality improvement and transformation during the steel industry's "stock optimization" phase, emphasizing equipment upgrades, green low-carbon transformation, and high-value product development [4][5] - Future growth drivers include optimizing product structure, enhancing supply chain collaboration, and advancing smart manufacturing to reduce costs and improve efficiency [5][6] Environmental Initiatives - The company has invested 3.08 billion CNY in eliminating outdated equipment and upgrading to efficient electric furnaces, achieving a 100% compliance rate for pollutant emissions [6][7] - The company is actively exploring opportunities in energy-saving technologies and has established a nearly 60MW solar project, generating approximately 52 million kWh of green electricity annually [6][7] Competitive Advantages - The company has established a unique competitive advantage in the specialty steel sector, leveraging its location in the Yangtze River Delta and advanced production capabilities to meet diverse customer needs [8][9] - The company’s export growth rate of 90% significantly outpaces the industry average of 22.7%, indicating strong international market competitiveness [8][9]

Core Insights - The article provides a comprehensive overview of the silicon steel industry chain, highlighting its upstream, midstream, and downstream components, as well as the geographical distribution of key players and the pricing structure of the industry [1][3][5]. Industry Chain Overview - Silicon steel serves as a primary raw material for various components, with a relatively simple upstream consisting of silicon iron, industrial silicon, and synthetic metals, along with production fuels [1][3]. - The midstream involves the production and processing of various types of silicon steel, with major players including Baosteel, Shougang, and Taiyuan Iron and Steel [3][4]. - The downstream applications encompass large motors, household appliances, new energy vehicles, and transformers [1][4]. Geographical Distribution - The silicon steel industry is predominantly concentrated in North China, with upstream companies located in resource-rich regions such as Inner Mongolia, Shanxi, and Hebei [5]. - The industry chain is well-developed in East China, particularly in Jiangxi, while Central China, especially Henan, has a robust industry chain as well [5]. - Key upstream players in Inner Mongolia include Junzheng Group and Ordos Metallurgy, while major midstream companies include Baotou Steel [5]. Value Chain Dynamics - The market price of the silicon steel industry is influenced by supply, manufacturing, and application sectors, with costs driven by raw materials, labor, and energy prices [7]. - The transmission of prices from the supply side to the manufacturing side creates production costs, which then affect consumer pricing based on market demand elasticity [7]. Pricing Structure Analysis - According to Mysteel data, the average cost for domestic short-process production in 2024 is projected to be 4,690 yuan per ton, with an average gross profit of 223 yuan per ton, resulting in an overall gross margin of approximately 5% [10]. - Recent trends indicate that short-process silicon steel producers are experiencing relatively low profit margins, with some firms even facing losses [10].

中证报中证网讯(王珞)近日，沙钢股份（002075）发布2024年年度报告，报告期内，公司实现营业收入 144.16亿元，净利润1.63亿元。公司拟每10股派发现金红利0.25元(含税)，2024年半年度已每10股派发现 金红利0.25元(含税)，合计2024年度每10股派发现金红利0.50元(含税)。 2024年，钢铁行业在需求疲软、成本高企等多重压力下陷入深度调整，沙钢股份作为国内优特钢与齿轮 制造领域的领军企业，交出了一份彰显韧性的答卷。公司通过现金流管理优化、研发投入加码、国际市 场突破及产品结构升级，展现出民营钢企的灵活应变能力与长期战略定力。 现金流增长：运营质量提升的"压舱石" 在行业普遍承压的背景下，沙钢股份2024年经营活动产生的现金流量净额达4.12亿元，实现了从净流出 到净流入的历史性逆转。 据悉，这一成绩的取得，源于公司精细化运营与供应链管理的双重优化。公司通过争取税费返还政策支 持，叠加优化原材料采购策略(如增加长协矿比例、降低燃料动力成本)，公司购买商品及税费支付的现 金同比减少，直接推高现金流回款效率。 此外，公司存货周转率保持在6.62次，高于行业平均水平，公司通过"以销定产" ...

| | 和 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 601228 | 广州港 | 0.1280 | 96443.07 | -10.63 | 1407293.13 | 6.66 | | 301488 | 豪恩汽 | 1.1000 | 10091.18 | -11.15 | 140893.71 | 17.25 | | | 电 | | | | | | | 001324 | 长青科 | 0.4361 | 6018.00 | -16.41 | 46042.71 | -13.16 | | | 技 | | | | | | | 002535 | 林州重 | 0.1189 | 9534.40 | -18.47 | 168353.14 | -8.38 | | | 机 | | | | | | | 002075 | 沙钢股 | 0.0700 | 16258.29 | -27.75 | 1441626.09 | -7.69 | | | 份 | | | | | | | 002860 | 星帅尔 | 0.4700 | 14369.40 | -29.03 | 207 ...

外资态度来看，本期较上一季度持股减少的外资基金共计1个，即香港中央结算有限公司，持股减少占 比达1.01%。 公募基金方面本期较上一季度持股减少的公募基金共计6个，主要包括大成睿享混合A、大成竞争优势 混合A、南方中证1000ETF、国泰中证钢铁ETF、鹏华国证钢铁行业指数(LOF)A等，持股减少占比达 2.17%。本期较上一季度新披露的公募基金共计37个，主要包括华夏中证1000ETF、广发中证 1000ETF、富国中证1000ETF、易方达中证1000ETF、万家国证2000ETF等。本期较上一季未再披露的 公募基金共计2个，包括大成弘远回报一年持有混合A、财通资管中证钢铁指数发起式A。 2025年4月9日，沙钢股份(002075.SZ)发布2024年年度报告。截至2025年4月08日，共有47个机构投资者 披露持有沙钢股份A股股份，合计持股量达6.97亿股，占沙钢股份总股本的31.76%。其中，前十大机构 投资者包括江苏沙钢集团有限公司、香港中央结算有限公司、中国国投高新产业投资有限公司、深圳前 海和合易泰私募证券基金管理有限公司-和合晨智2号私募证券投资基金、招商银行股份有限公司-南方 中证1000交 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002075 证券简称：沙钢股份 公告编号：临2025-010 江苏沙钢股份有限公司 关于控股子公司向银行申请综合授信额度的公告 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。 江苏沙钢股份有限公司（以下简称"公司"）于2025年4月7日召开第八届董事会第十七次会议，审议通过 了《关于控股子公司向银行申请综合授信额度的议案》，现将相关情况公告如下： 一、申请授信额度具体事宜 公司控股子公司江苏沙钢集团淮钢特钢股份有限公司、东北特钢集团山东鹰轮机械有限公司，根据日常 生产经营的需要，拟向华夏银行股份有限公司淮安分行、兴业银行股份有限公司淮安分行、南京银行股 份有限公司淮安分行、民生银行股份有限公司淮安分行、招商银行股份有限公司烟台南大街支行、山东 招远农村商业银行股份有限公司招远支行等银行申请总额不超过203亿元人民币的综合授信额度（最终 以银行实际审批的授信额度为准），以上授权期限自公司2024年度股东大会审议通过之日起至2025年度 股东大会召开之日时止。 根据《深圳证券交易所股票上市规则》及《公司 ...

Core Viewpoint - Jiangsu Shagang Co., Ltd. reported a decline in revenue and net profit for 2024, but a significant increase in net cash flow from operating activities and an increase in R&D investment, indicating a mixed financial performance amidst industry challenges [1]. Financial Performance Analysis - Revenue decreased to CNY 14,416,260,853.07, down 7.69% from CNY 15,616,806,031.02, primarily due to weak demand and high raw material prices in the steel industry [1]. - Net profit attributable to shareholders fell to CNY 162,582,929.15, a decrease of 27.75% from CNY 225,025,197.56, driven by reduced revenue and cost pressures [1]. - The net profit excluding non-recurring items was CNY 23,340,409.07, down 35.83% from CNY 36,371,633.73, indicating weakening core business profitability [2]. - Basic earnings per share decreased to CNY 0.07, down 30.00% from CNY 0.10, reflecting the overall decline in profitability [2]. Expense Analysis - Sales expenses increased by 13.28% to CNY 29,910,918.70, indicating continued investment in market promotion and sales channel maintenance [3]. - Management expenses slightly decreased by 3.61% to CNY 242,685,805.69, suggesting initial success in internal cost control measures [4]. - Financial expenses showed a significant change, with a net income of CNY -84,783,350.29 compared to CNY 17,852,006.43 the previous year, primarily due to increased interest income [4]. R&D Investment - R&D expenses increased by 0.96% to CNY 533,445,757.63, reflecting ongoing commitment to innovation and product development [5]. - Total R&D investment reached CNY 582,338,870.02, up 6.60% from CNY 546,293,329.15, with the proportion of R&D investment to revenue rising from 3.50% to 4.04% [6]. - The number of R&D personnel increased by 1.10% to 459, with a notable rise in the number of highly educated staff, enhancing the company's innovation capabilities [6]. Cash Flow Analysis - Net cash flow from operating activities significantly improved to CNY 411,927,396.40, up 395.92% from a negative CNY -139,203,688.07, indicating better cash management [7]. - Net cash flow from investing activities turned positive at CNY 1,779,197,639.70, a substantial improvement from a negative CNY -1,973,341,241.32, reflecting optimized fund utilization [8]. - Net cash flow from financing activities showed increased outflows of CNY -902,778,332.33, compared to inflows of CNY 1,348,842,959.20 the previous year, indicating rising debt repayment pressures [9].

江苏沙钢股份有限公司 内部控制审计报告 天衡专字（2025）00342 号 天衡会计师事务所（特殊普通合伙） 您可使用手机"扫一 灯出 报告编码:苏2 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部控制评价指 引》的规定，建立健全和有效实施内部控制，并评价其有效性是沙钢股份董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发表审计意见, 并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外,由于情况的变 化可能导致内部控制变得不恰当,或对控制政策和程序遵循的程度降低,根据内部控制审计 结果推测未来内部控制的有效性具有一定风险。 内部控制审计报告 天衡专字(2025) 00342 号 江苏沙钢股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我们审计了 江苏沙钢股份有限公司（以下简称沙钢股份）2024 年 12 月 31 日的财务报告内部控制的有 效性。 四、财务报告内部控制审计意见 我们认为, ...

关于江苏沙钢股份有限公司 2024 年度非经营性资金占用及其他关联资金 往来情况的专项说明 天衡专字(2025) 00341 号 天衡会计师事务所(特殊普通合伙) 证明该审计报告是否由具有执业许 您可使用手机"扫一扫"或进入"注册会计 关于江苏沙钢股份有限公司 2024 年度非经营性资金占用及其他关联资金 往来情况的专项说明 天衡专字(2025)00341 号 江苏沙钢股份有限公司全体股东: 我们接受委托,审计了江苏沙钢股份有限公司(以下简称"贵公司")2024年度财务报表, 并出具了天衡审字(2025)00634 号审计报告。 根据上市公司监管指引第 8 号—上市公司资金往来、对外担保的监管要求(证监会公告 [2022]26 号)和深交所相关格式指引的有关要求,贵公司编制了后附的 2024年度非经营性资金 占用及其他关联资金往来情况汇总表（以下简称"汇总表"）。如实编制和对外披露上述汇总表， 并确保其真实性、合法性及完整性是贵公司的责任,我们的责任是对上述汇总表进行审核,并出 具专项说明。 我们将上述汇总表与贵公司的有关会计资料进行了核对,在所有重要方面未发现存在重大 不一致的情形。除了在会计报表审计过程中 ...

江苏沙钢股份有限公司 2024 年度财务报表审计报告 天衡审字(2025) 00634 号 天衡会计师事务所(特殊普通合伙) 此" 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（hm×//aca maf (http: 审 计 报 告 天衡审字(2025)00634 号 江苏沙钢股份有限公司全体股东: 一、审计意见 我们审计了江苏沙钢股份有限公司(以下简称"沙钢股份")财务报表,包括2024年12 月31日的合并及母公司资产负债表,2024年度的合并及母公司利润表、合并及母公司现金流 量表、合并及母公司所有者权益变动表以及相关财务报表附注。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编制,公允反映了 沙钢股份2024年12月31日的合并及母公司财务状况以及2024年度的合并及母公司经营成果 和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对 财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职 业道德守则,我们独立于沙钢股份,并履行了职业道德方面的其他责任。我们相信,我们获 取的审计证据是充 ...