证券代码：002110 证券简称：三钢闽光 公告编号：2025-017 福建三钢闽光股份有限公司 关于召开 2024 年度股东大会的通知 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。 一、召开会议的基本情况 1.股东大会届次：福建三钢闽光股份有限公司（以下简称公 司）2024年度股东大会 2.股东大会的召集人：公司董事会 公司于2025年4月25日召开第八届董事会第二十四次会议， 以9票赞成，0票反对，0票弃权，审议通过了《关于召开公司2024 年度股东大会的议案》。 3.会议召开的合法、合规性：本次股东大会会议的召集、召 开符合《中华人民共和国公司法》《上市公司股东会规则》等有 关法律、行政法规、部门规章、规范性文件和《公司章程》的规 定。 4.会议召开的日期、时间： （1）现场会议召开时间：2025年5月22日（星期四）下午15:00； （2）网络投票时间：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5月22日9:15-9:25，9:30-11:30， 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 1 票的具体时 ...

证券代码：002110 证券简称：三钢闽光 公告编号：2025-013 经与会监事认真审议，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《2024 年度监事会工作报告》。 表决结果为：赞成 5 票，反对 0 票，弃权 0 票。 具体内容详见同日刊载于公司指定信息披露媒体巨潮资讯 网（http://www.cninfo.com.cn）的《福建三钢闽光股份有限公 司 2024 年度监事会工作报告》。该议案尚需提交公司 2024 年度 股东大会审议。 1 二、审议通过《2024 年度内部控制评价报告》。 福建三钢闽光股份有限公司 第八届监事会第十二次会议决议公告 本公司及监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）第八届监事会 第十二次会议于 2025 年 4 月 25 日上午在福建省三明市三元区工 业中路群工三路公司大数据中心六楼第六会议室，以现场会议和 通讯会议相结合方式召开。本次会议由公司监事会主席黄敏先生 召集并主持，会议通知已于 2025 年 4 月 15 日以电子邮件、传真、 专人送达等方式送达给 ...

证券代码：002110 证券简称：三钢闽光 公告编号：2025-012 福建三钢闽光股份有限公司 第八届董事会第二十四次会议决议公告 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、本公司或三钢闽光）第八届董 事会第二十四次会议于 2025 年 4 月 25 日上午在福建省三明市三元区工业中路群 工三路公司大数据中心六楼第六会议室，以现场会议和通讯会议相结合方式召开。 本次会议由公司董事长何天仁先生召集，会议通知于 2025 年 4 月 15 日以专人递 送、传真、电子邮件等方式送达给全体董事、监事和高级管理人员。应参加会议 董事 9 人，其中，亲自参加现场会议董事 7 人，此外，独立董事高升先生、张萱 女士因另有公务，以通讯方式参加会议。本次会议由董事长何天仁先生主持。公 司监事和总经理、总工程师、副总经理、董事会秘书、财务总监等高级管理人员 列席了本次会议。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。 本次会议首先听取了公司第八届董事会独立董事张萱女士、郑溪欣先生、高 升先生提交的《2 ...

证券代码：002110 证券简称：三钢闽光 公告编号：2025-014 福建三钢闽光股份有限公司 关于 2024 年度拟不进行利润分配的专项说明 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（以下简称公司或本公司）于 2025 年 4 月 25 日召开第八届董事会第二十四次会议、第八届监 事会第十二次会议，审议通过《2024 年度利润分配预案》，同 意公司 2024 年度拟不进行现金分红，也不进行资本公积金转增 股本和其他形式的分配。该事项尚需提交公司 2024 年度股东大 会审议。现将分配预案公告如下： 一、利润分配和资本公积金转增股本方案的基本情况 经容诚会计师事务所(特殊普通合伙)审计确认，公司 2024 年度实现净利润（按母公司财务报表口径计算，下同） 92,433,949.87 元，合并报表归属于母公司股东的净利润 -1,276,634,966.99 元。 2024 年年初公司未分配利润为 5,889,139,701.56 元，加上 当年转入净利润 92,433,949.87 元,（根据《公司章程》规定： 公司分配当年税 ...

Corporate Governance - The company has confirmed the accuracy and completeness of the annual report, with all board members present for the meeting[3]. - The governance structure includes a board of directors and specialized committees to ensure compliance and effective decision-making[128]. - The company maintains independent operations and governance, with no interference from controlling shareholders in decision-making processes[128]. - The board of directors consists of 9 members, including 3 independent directors, with 10 board meetings held during the reporting period to discuss various topics including regular reports and equity incentives[130]. - The supervisory board has 5 members, with 6 meetings held during the reporting period, focusing on regular reports and related party transactions, ensuring effective supervision of the company's operations[131]. - The company disclosed 60 regular and temporary announcements in 2024, maintaining a 100% response rate to investor inquiries through its investor relations platform[134]. - The company has established a robust internal audit system, reporting directly to the board's audit committee, ensuring compliance and effective oversight[135]. - The company has a fully independent financial accounting department, maintaining its own accounting system and financial decision-making processes[137]. - The company emphasizes social responsibility and stakeholder rights, balancing interests among shareholders, suppliers, customers, and employees[133]. - The company has implemented a comprehensive internal control system to ensure compliance with laws and regulations, enhancing operational efficiency and safeguarding shareholder interests[195]. Financial Performance - The company's operating revenue for 2024 was ¥46,058,420,988.70, a decrease of 3.93% compared to ¥47,940,824,086.51 in 2023[23]. - The net profit attributable to shareholders for 2024 was -¥1,276,634,966.99, representing a decline of 91.21% from ¥667,645,957.54 in 2023[23]. - The total assets at the end of 2024 were ¥51,645,680,061.52, reflecting a growth of 7.16% from ¥48,195,065,875.78 at the end of 2023[18]. - The net assets attributable to shareholders decreased by 6.10% to ¥19,165,227,463.01 at the end of 2024 from ¥20,410,021,656.17 at the end of 2023[18]. - The basic earnings per share for 2024 was -¥0.53, a decrease of 96.30% from -¥0.27 in 2023[23]. - The company reported a total profit of -1.607 billion yuan, a year-on-year decrease of 81.82%[60]. - The company achieved a gross profit margin of 4.23% in the metallurgical manufacturing sector, down from the previous year[68]. - The total investment during the reporting period was 5,459,912,802.02, a decrease of 3.34% compared to the previous year[95]. - The company reported a total of 1,800,000 shares for the reporting period[142]. Market and Industry Trends - In 2024, China's steel industry is experiencing a "three highs and three lows" situation, characterized by high production, high costs, high exports, low demand, low prices, and low efficiency[34]. - National crude steel production is projected to be 1.005 billion tons, a decrease of 1.7% year-on-year, while steel output is expected to reach 1.4 billion tons, an increase of 1.1% year-on-year[34]. - The average sales profit margin for member enterprises of the China Iron and Steel Association is 0.71%, down 0.63 percentage points year-on-year, indicating significant pressure on profitability[34]. - The total profit of the China Iron and Steel Association member enterprises is estimated at 42.9 billion yuan, a year-on-year decline of 50.3%[34]. - The domestic apparent consumption of crude steel is expected to be 892 million tons, a decrease of 5.4% year-on-year[34]. - The company anticipates a slight decline in steel demand in 2025 due to a decrease in real estate sector demand[112]. - The company faces multiple pressures in 2025, including global economic uncertainty and insufficient downstream demand in the steel industry, leading to expected fluctuations in steel prices[118]. Operational Efficiency and Strategy - The company is actively adapting to the market by emphasizing green low-carbon initiatives, technological innovation, and market expansion strategies[33]. - The company has implemented a digital transformation strategy, establishing a smart operation system and a cloud commerce platform to enhance management efficiency and service capabilities[49]. - The company aims to enhance its competitive edge by integrating manufacturing and service sectors, focusing on innovation and high-quality development[113]. - The company plans to enhance operational efficiency and cost reduction measures to maintain a competitive advantage in a volatile market[118]. - The company is focusing on strategic adjustments following the recent management changes[144]. Research and Development - The company holds 519 patents, including 40 invention patents and 478 utility model patents[52]. - The company successfully developed 17 new steel grades and completed 48 high-tech research projects, enhancing product structure[63]. - The company has completed the development of a low-cost clean steel smelting technology platform, which effectively reduces the consumption of metal materials in steelmaking[80]. - The company has implemented a comprehensive training program focusing on digital transformation and smart factory construction for management and technical personnel[178]. - The company is committed to digital transformation training for operational staff to improve their skills in a smart manufacturing environment[182]. Shareholder Relations and Dividends - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[4]. - The company emphasizes stable cash dividends and investor relations to enhance shareholder value[125]. - The company has established a three-year shareholder return plan for 2024-2026, considering various financial factors for future dividends[186]. - The company reported a total remuneration of RMB 5.094 million for 12 current and former directors, supervisors, and senior management in 2024[163]. - The company has proposed to adjust the 2023 restricted stock incentive plan and terminate the implementation of the plan[173]. Management Changes - The former chairman, Li Lizhang, retired on September 30, 2024, due to reaching the legal retirement age[145]. - The company appointed He Tianren as the new chairman on October 8, 2024[143]. - Liu Meixuan was elected as a director during the third extraordinary general meeting on October 29, 2024[143]. - Vice President Wang Canrong resigned due to work adjustments on October 23, 2024[145]. - Non-independent director Rong Kunming resigned from the board on December 20, 2024, due to work adjustments[144]. Risk Management - The company has a commitment to disclose major risks and corresponding management strategies in the "Management Discussion and Analysis" section[3]. - The company faces increased competition from rapidly growing private steel enterprises in Fujian, leading to intensified market competition and price pressure[46]. - The reliance on imported iron ore exceeds 80%, posing risks related to raw material price fluctuations and supply stability[119]. - The company aims to implement differentiated procurement strategies and strengthen partnerships with quality suppliers to mitigate raw material risks[119]. - The company maintains a robust risk management framework for its futures hedging activities, ensuring alignment with operational needs and regulatory compliance[103].

三钢闽光（002110）公告，2024年营业收入为460.58亿元，同比下降3.93%。归属于上市公司股东的净 亏损12.77亿元，去年同期净亏损6.68亿元。基本每股收益为-0.53元/股。公司计划不派发现金红利，不 送红股，不以公积金转增股本。 ...

Investment Rating - The report maintains a "Positive" investment rating for the non-ferrous and steel industry [5] Core Viewpoints - Continuous attention is recommended for investment opportunities in the steel sector, especially given the recent changes in tariffs and the domestic market's pricing dynamics [14][8] - The steel industry has experienced a three-year adjustment period, and current valuations present a high cost-performance ratio [14] - The upstream iron ore supply landscape is expected to undergo significant changes, potentially leading to a recovery of profitability within the domestic steel industry [14] Summary by Sections 1. Core Viewpoints - Continuous focus on investment opportunities in the steel sector is emphasized, particularly in light of recent tariff increases and potential economic stagnation in the U.S. [14] - The steel sector has seen a three-year downturn, but current conditions suggest improved profitability and stability for leading companies [14] 2. Steel Market Overview - The weekly consumption of rebar increased to 2.74 million tons, reflecting an 8.37% week-on-week rise [15][18] - The overall price index for common steel decreased by 0.72%, with specific products showing varied price movements [15][37] 3. Industrial Metals - The copper smelting fee has deepened into negative territory, indicating challenges in the copper market [17] - The production costs for electrolytic aluminum have decreased significantly, leading to improved profitability for producers [17] 4. Precious Metals - Gold prices have shown a notable increase, with COMEX gold closing at $3,341.3 per ounce, a 2.65% rise week-on-week [17] - The increase in tariffs is expected to drive demand for gold as a safe-haven asset, suggesting potential investment opportunities in the gold sector [17] 5. New Energy Metals - Lithium production in China saw a significant year-on-year increase of 57.44% in February 2025, indicating strong growth in the new energy sector [16] - The demand for nickel and cobalt remains robust, with notable increases in production and consumption in the electric vehicle market [45][50]

Core Viewpoint - The company, Sangang Mingguang, is nearing the completion of its capacity replacement and ultra-low emission transformation projects, with significant reductions in capital expenditures expected after 2025 [1] Group 1: Capacity Replacement and Emission Projects - The capacity replacement projects have mostly been completed and are now in operation, while the capacity replacement project for Quanzhou Mingguang's steelmaking and supporting facilities is still under construction [1] - The company anticipates a substantial decrease in fixed asset scrapping after 2025 [1]

Group 1: Production and Capacity - The company has six high-line production lines capable of producing both industrial and construction materials, allowing for flexible production organization to increase the proportion of industrial materials based on product profitability [1] - Recent capital expenditures for capacity replacement and upgrades did not result in an increase in overall capacity due to the replacement of restricted capacity in accordance with national steel industry policies [1][2] - The capacity replacement and ultra-low emission upgrades are nearing completion, with significant reductions in future capital expenditures expected after 2025 [2] Group 2: Financial Impact and Asset Management - The estimated loss from fixed asset write-offs in 2024 is projected to impact pre-tax profits by approximately 799.86 million yuan, including residual income from fixed assets [2] - The company anticipates a significant reduction in fixed asset write-offs in 2025 as the capacity replacement and ultra-low emission upgrades conclude [2] Group 3: Market Presence - The company's products primarily serve the Fujian province, with market shares of approximately 50% for construction steel, 78% for medium-thick plates, and 70% for round steel within the province [2] - The company also extends its market reach to surrounding provinces such as Guangdong, Jiangxi, Zhejiang, and Hainan [2]

证券代码：002110 证券简称：三钢闽光 公告编号：2025-011 福建三钢闽光股份有限公司 关于开展期货套期保值业务的公告 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、 误导性陈述或重大遗漏。 重要内容提示： 1.投资种类：仅限于与福建三钢闽光股份有限公司（以下简称公司或本公司）现有 生产经营相关商品的期货套期保值业务。 2.投资金额：投入的资金（保证金）总额不超过人民币3亿元，且任一交易日持有 的最高合约价值不超过人民币15亿元，套期保值业务期间自公司董事会审议通过之日起 12 个月，上述额度在有效期内可循环使用。 3.特别风险提示：公司开展套期保值业务，以套期保值为原则，不以套利、投机为 目的，主要是为了减少生产经营中原燃材料及钢材产品价格波动所带来的不确定影响， 但也存在一定的风险。 公司于2025年2月18日召开第八届董事会第二十三次会议，审议通 过了《关于开展期货套期保值业务的议案》，同意公司开展商品期货 套期保值业务，投入的资金（保证金）总额不超过人民币3亿元，且任 一交易日持有的最高合约价值不超过人民币15亿元，套期保值业务期 间自公司董事会审议通过之日起 12 ...