福建三钢闽光股份有限公司 董事会战略委员会议事规则（2025 年修订） 第一章 总则 第一条 为适应福建三钢闽光股份有限公司（以下简称公司）企业战略的发 展需要，保证公司发展规划和战略决策的科学性，增强公司的可持续发展能力， 公司董事会下设董事会战略委员会（以下简称战略委员会），作为研究、制订、 规划公司长期发展战略的专业机构。 第二条 为规范、高效地开展工作，公司董事会根据《中华人民共和国公司 法》（以下简称《公司法》）、中国证券监督管理委员会（以下简称中国证监会） 发布的《上市公司治理准则》《上市公司独立董事管理办法》、深圳证券交易所发 布的《深圳证券交易所股票上市规则》、《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》等有关法律、法规、规章和规范性文件及《福 建三钢闽光股份有限公司章程》（以下简称《公司章程》）的有关规定，制定本议 事规则。 第三条 战略委员会是公司董事会下设的专门机构，主要负责对公司长期发 展战略、重大投资决策进行可行性研究并提出建议，向董事会报告工作并对董事 会负责。 第四条 战略委员会所作决议，应当符合有关法律、法规、规章、规范性文 件及《公司章程》、本议 ...

证券代码：002110 证券简称：三钢闽光 公告编号：2025-048 福建三钢闽光股份有限公司 关于修改《董事会战略委员会议事规则》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、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 福建三钢闽光股份有限公司（以下简称公司）于 2025 年 10 月 28 日召开了第八届董事会第三十次会议，审议通过了《关于 修改<董事会战略委员会议事规则>的议案》。 根据中国证券监督管理委员会发布的《上市公司治理准则》 （中国证监会公告〔2025〕5 号）、深圳证券交易所发布的《深圳 证券交易所股票上市规则（2025 年修订）》《深圳证券交易所上 市公司自律监管指引第 1 号——主板上市公司规范运作（2025 年修订）》等有关法律、法规、规章和规范性文件的规定，结合 公司的实际情况，公司对现行的《福建三钢闽光股份有限公司董 事会战略委员会议事规则》（以下简称《董事会战略委员会议事 规则》）部分条款进行修改。 具体修改情况如下： | 本次修改前的原文内容 | 本次修改后的内容 | | --- | --- | | 第二条 为规范、高效地开展工作，公司董事会根 | 第二条 ...

关于修改《董事会薪酬与考核委员会议事规则》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、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 福建三钢闽光股份有限公司（以下简称公司）于 2025 年 10 月 28 日召开了第八届董事会第三十次会议，审议通过了《关于 修改<董事会薪酬与考核委员会议事规则>的议案》。 根据中国证券监督管理委员会发布的《上市公司治理准则》 （中国证监会公告〔2025〕5 号）、《上市公司独立董事管理办法》 （中国证监会令第 227 号）、深圳证券交易所发布的《深圳证券 交易所股票上市规则（2025 年修订）》《深圳证券交易所上市公 司自律监管指引第 1 号——主板上市公司规范运作（2025 年修 订）》等有关法律、法规、规章和规范性文件的规定，结合公司 的实际情况，公司对现行的《福建三钢闽光股份有限公司董事会 薪酬与考核委员会议事规则》（以下简称《董事会薪酬与考核委 员会议事规则》）部分条款进行修改。 具体修改情况如下： 证券代码：002110 证券简称：三钢闽光 公告编号：2025-047 福建三钢闽光股份有限公司 | | 本次修改前的原文内容 | 本次修改后的内容 | ...

证券代码：002110 证券简称：三钢闽光 公告编号：2025-050 福建三钢闽光股份有限公司关于修改 《董事会审计委员会年度财务报告审议工作制度》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、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 福建三钢闽光股份有限公司（以下简称公司）于 2025 年 10 月 28 日召开了第八届董事会第三十次会议，审议通过了《关于 修改<董事会审计委员会年度财务报告审议工作制度>的议案》。 根据中国证券监督管理委员会发布的《上市公司治理准则》 （中国证监会公告〔2025〕5 号）、深圳证券交易所发布的《深圳 证券交易所股票上市规则（2025 年修订）》《深圳证券交易所上 市公司自律监管指引第 1 号——主板上市公司规范运作（2025 年修订）》等有关法律、法规、规章和规范性文件的规定，结合 公司的实际情况，公司对现行的《福建三钢闽光股份有限公司董 事会审计委员会年度财务报告审议工作制度》（以下简称《董事 会审计委员会年度财务报告审议工作制度》）部分条款进行修改。 特此公告。 具体修改情况如下： | 本次修改前的原文内容 | 本次修改后的内容 | | --- | ...

证券代码：002110 证券简称：三钢闽光 公告编号：2025-049 福建三钢闽光股份有限公司 关于修改《独立董事专门会议制度》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、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 福建三钢闽光股份有限公司（以下简称公司）于 2025 年 10 月 28 日召开了第八届董事会第三十次会议，审议通过了《关于 修改<独立董事专门会议制度>的议案》。 根据《中华人民共和国公司法》、中国证券监督管理委员会 发布的《上市公司独立董事管理办法》（中国证监会令第 227 号）、 深圳证券交易所发布的《深圳证券交易所股票上市规则（2025 年修订）》《深圳证券交易所上市公司自律监管指引第 1 号——主 板上市公司规范运作（2025 年修订）》等相关法律、法规、规章 和规范性文件的规定，结合公司的实际情况，公司对现行的《福 建三钢闽光股份有限公司独立董事专门会议制度》（以下简称《独 立董事专门会议制度》）中的部分条款进行修改。 | 本次修改前的原文内容 | 本次修改后的内容 | | --- | --- | | 第四条 公司召开独立董事专门会议，原则上应当 | 第四条 公司 ...

证券代码：002110 证券简称：三钢闽光 公告编号：2025-044 福建三钢闽光股份有限公司 第八届董事会第三十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 福建三钢闽光股份有限公司（以下简称公司）第八届董事会 第三十次会议于 2025 年 10 月 28 日上午以通讯方式召开，本次 会议由公司董事长刘梅萱先生提议，会议通知于 2025 年 10 月 22 日以专人递送、传真、电子邮件等方式送达给全体董事和高 级管理人员。公司董事会成员为 9 人，实际参加会议董事 9 人（收 回有效表决票 9 张）。本次会议的召集、召开符合《中华人民共 和国公司法》和《公司章程》的有关规定。 本次会议以记名投票表决方式逐项表决通过了以下决议： 一、审议通过了《关于重新制定<总经理工作细则>的议案》。 表决结果为：9 票赞成；0 票反对；0 票弃权。 根据相关法律、法规、规章和规范性文件的规定，结合公司 的实际情况，公司重新制定《总经理工作细则（2025 年制定）》， 在公司董事会审议通过本议案后，正式生效施行，现行的《福建 三钢闽光股份有限公司总经理工作 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥11,206,169,640.15, an increase of 10.74% compared to the same period last year[5] - Net profit attributable to shareholders was ¥46,181,145.34, reflecting a significant increase of 104.22% year-on-year[5] - The basic earnings per share rose to ¥0.0190, marking a 104.22% increase compared to the previous year[5] - The company reported a 125.82% increase in operating profit year-on-year, driven by higher gross margins on steel products[10] - The company reported a net profit of ¥190,156,600.77, a significant recovery from a net loss of ¥1,323,220,666.28 in the previous period, marking a turnaround of approximately 114.3%[25] - Operating profit improved to ¥258,829,809.80 from a loss of ¥1,002,597,598.80, indicating a recovery of approximately 125.8%[25] - The total revenue from operating activities reached ¥34,060,730,120.33, compared to ¥33,729,363,711.33 in the previous period, showing a growth of about 1.0%[29] - The company recorded a total comprehensive income of ¥421,833,339.43, recovering from a loss of ¥1,353,443,166.38 in the previous year[26] - Basic and diluted earnings per share were both reported at ¥0.08, compared to a loss of ¥0.54 per share in the previous period[26] Cash Flow and Assets - Cash flow from operating activities showed a net inflow of ¥385,764,855.90, up 186.75% year-to-date[5] - Cash and cash equivalents at the end of the period were ¥5,882,936,535.02, down from ¥7,419,632,630.56, a decline of about 20.67%[20] - Total current assets amounted to ¥15,568,683,171.60, down from ¥16,657,982,218.30, a decrease of about 6.54%[20] - The company's retained earnings rose to ¥11,955,047,067.16 from ¥11,687,801,149.72, an increase of approximately 2.29%[23] - The company’s cash and cash equivalents at the end of the period stood at ¥4,351,010,495.57, an increase from ¥4,173,965,221.30 at the end of the previous period[30] - Investment activities resulted in a net cash outflow of ¥1,748,358,113.39, an improvement from a larger outflow of ¥2,858,372,719.89 in the previous period[29] - Financing activities generated a net cash outflow of ¥525,851,750.72, contrasting with a net inflow of ¥4,214,853,809.38 in the prior period, indicating a shift in financing strategy[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 40,298[12] - The largest shareholder, Fujian Sansteel Group Co., Ltd., holds 56.25% of shares, totaling 1,366,328,424 shares[12] - The second-largest shareholder, Xiamen International Trade Group Co., Ltd., holds 3.99% of shares, totaling 97,011,133 shares[12] - The top ten shareholders include several investment funds and state-owned enterprises, indicating a strong institutional presence[12] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[13] Governance and Management Changes - The company has appointed three new vice presidents, effective from the date of the board meeting approval[17] - The company has abolished the supervisory board, transferring its powers to the audit committee of the board[17] - The company has revised its articles of association to reflect the changes in governance structure[17] - The company will not change its controlling shareholder or actual controller following the equity transfer[15] Operating Costs and Expenses - Total operating costs decreased to ¥33,079,025,378.28 from ¥34,214,662,610.05, representing a reduction of about 3.32%[24] - Operating costs specifically fell from ¥32,138,940,044.30 to ¥30,831,491,399.12, indicating a decrease of approximately 4.07%[24] - The company experienced a 98.02% decrease in operating expenses year-on-year, reflecting improved cost management[10] - Research and development expenses increased to ¥1,302,318,009.37, up from ¥1,151,463,585.63, reflecting a growth of about 13.1% year-over-year[25] Asset and Liability Overview - Total assets at the end of the reporting period were ¥51,657,957,100.49, a slight increase of 0.02% from the end of the previous year[5] - Total liabilities decreased to ¥31,782,519,361.80 from ¥32,273,315,773.88, a decline of approximately 1.53%[23] - Non-current liabilities increased to ¥4,875,976,383.04 from ¥2,882,779,798.11, representing an increase of about 69.06%[23] - The total assets remained relatively stable at ¥51,657,957,100.49 compared to ¥51,645,680,061.52, showing a marginal increase[22]

Market Overview - The steel sector experienced a decline of 1.81% on October 28, with Wujin Stainless Steel leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Individual Stock Performance - Notable gainers included: - Sangang Min Guang (002110) with a closing price of 4.48, up 0.90% on a trading volume of 784,300 shares and a turnover of 356 million yuan [1] - Ben Steel Plate (000761) closed at 3.63, up 0.83% with a trading volume of 141,200 shares and a turnover of 51.01 million yuan [1] - Significant decliners included: - Wujin Stainless Steel (603878) which fell 4.85% to a closing price of 10.60, with a trading volume of 356,800 shares and a turnover of 383 million yuan [2] - Baotou Steel (600010) decreased by 3.00% to 2.59, with a trading volume of 11,064,600 shares and a turnover of 2.892 billion yuan [2] Capital Flow Analysis - The steel sector saw a net outflow of 922 million yuan from main funds, while retail investors contributed a net inflow of 668 million yuan [2] - Key stocks with significant capital flow include: - Nanjing Steel (600282) with a net inflow of 20.27 million yuan from main funds, but a net outflow of 11.52 million yuan from retail investors [3] - Heibei Steel (000709) recorded a net inflow of 18.79 million yuan from main funds, while retail investors had a net outflow of 22.39 million yuan [3]

Core Insights - The steel sector is experiencing a notable rise amidst a backdrop of technology stocks, with companies like Changbao Co., New China Chutian, and others showing significant stock price increases [2] - The Ministry of Industry and Information Technology has released a draft for the "Implementation Measures for Capacity Replacement in the Steel Industry," which prohibits the addition of new steel production capacity in key regions [2] - The "Steel Industry Steady Growth Work Plan (2025-2026)" emphasizes continued production reduction policies to promote a balance between supply and demand in the steel market [2][3] Industry Overview - The steel industry is undergoing structural transformation against the backdrop of "dual carbon" goals and domestic economic transition [3] - Analysts predict a marginal improvement in the steel sector by 2025, driven by reduced demand drag, declining costs, and supportive policies aimed at low-carbon transformation [4] - The overall supply-demand situation in the steel industry is expected to remain stable, with potential for investment value to emerge as the market conditions improve [4] Company Performance - Shandong Steel reported Q3 2025 revenues of 18.022 billion, a year-on-year decrease of 5.74%, but achieved a net profit of 127 million, marking a return to profitability [5] - Bayi Steel achieved Q3 2025 revenues of 5.884 billion, a year-on-year increase of 7.78%, also returning to profitability with a net profit of 125 million [6] - The "anti-involution" policies in the steel industry are leading to a contraction in supply and optimization of costs, contributing to a rebound in overall industry profitability [6]

Group 1 - The stock of Fujian Sangang Minmetals Co., Ltd. increased by 6.09%, reaching a price of 4.53 CNY per share, with a trading volume of 86.05 million CNY and a turnover rate of 0.81%, resulting in a total market capitalization of 11.004 billion CNY [1] - The company, established on December 26, 2001, and listed on January 26, 2007, specializes in steel smelting, rolling, processing, and the production and sale of pressure products [1] - The main business revenue composition includes: construction materials 30.17%, purchased steel 19.81%, products 13.71%, medium plates 13.47%, round steel 11.35%, others 6.36%, and section steel 5.13% [1] Group 2 - Huashang Fund's Huashang Stable Dual Benefit Bond A (630007) entered the top ten circulating shareholders of Sangang Minmetals in the second quarter, holding 11.5376 million shares, accounting for 0.47% of circulating shares, with an estimated floating profit of approximately 2.9998 million CNY [2] - The fund was established on August 9, 2010, with a latest scale of 2.478 billion CNY, and has achieved a year-to-date return of 5.82%, ranking 500 out of 6581 in its category, and a one-year return of 7.24%, ranking 555 out of 6357 [2] - Since its inception, the fund has achieved a return of 128.18% [2] Group 3 - The fund manager of Huashang Stable Dual Benefit Bond A is Zhang Yongzhi, who has a cumulative tenure of 15 years and 84 days, with the fund's total asset size at 5.671 billion CNY [3] - During his tenure, the best fund return was 156.48%, while the worst return was -41.37% [3]