证券代码：002478 证券简称：常宝股份 公告编号：2025-049 江苏常宝钢管股份有限公司 第六届董事会第十五次会议决议的公告 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。 江苏常宝钢管股份有限公司（以下简称"公司"）第六届董事会第十五次会 议由曹坚先生召集并于 2025 年 10 月 14 日以专人送达、传真或电子邮件形式发 出会议通知，会议于 2025 年 10 月 24 日上午 10:00 以现场加通讯方式召开。本 次会议应到会董事 7 人，实到会董事 7 人。本次会议的召集和召开符合《公司法》 和《公司章程》的规定。会议由公司董事长曹坚先生主持，经与会董事认真审议， 通过以下议案： 全体董事认为,公司 2025 年第三季度报告的编制和审议程序符合《公司法》、 《公司章程》等相关法律法规的规定，报告的内容格式符合中国证监会的相关规 定，真实、准确、完整地反映了公司 2025 年 1-9 月的经营活动和财务状况，不 存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见公司同步在指定媒体巨潮资讯网（www.cninfo.com.cn）及《证 券时 ...

江苏常宝钢管股份有限公司 2025 年第三季度报告 证券代码：002478 证券简称：常宝股份 公告编号：2025-050 江苏常宝钢管股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 1,472,088,768.46 | 3.66% | 4,283,685,542.75 | 1.40% | | 归属于上市公司股东 | 137,570,737.51 | 61.15% | 392,435,814.78 | -4.60% | | 的净利润（元） | | | | | | 归属于上市公司股东 的扣除非经常性损益 | 133,558,271.24 | 40.60% ...

Market Overview - The special steel sector experienced a decline of 0.46% on October 24, with Xining Special Steel leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Notable gainers in the special steel sector included: - Xianglou New Materials (301160) with a closing price of 63.21, up 6.70% and a trading volume of 60,100 shares, totaling 376 million yuan [1] - Jinzhu Pipeline (002443) closed at 8.70, up 4.82% with a trading volume of 313,900 shares, totaling 270 million yuan [1] - Decliners included: - Xining Special Steel (600117) closed at 3.15, down 3.37% with a trading volume of 540,600 shares, totaling 171 million yuan [2] - Taiyuan Iron & Steel (000825) closed at 4.05, down 1.70% with a trading volume of 448,500 shares, totaling 182 million yuan [2] Capital Flow - The special steel sector saw a net inflow of 14.53 million yuan from institutional investors, while retail investors experienced a net outflow of 90.53 million yuan [2] - Key stocks with significant capital flow included: - Jinzhu Pipeline (002443) had a net inflow of 49.17 million yuan from institutional investors, but a net outflow of 44.99 million yuan from retail investors [3] - Taiyuan Iron & Steel (000825) recorded a net inflow of 14.33 million yuan from institutional investors, with a net outflow of 22.01 million yuan from retail investors [3]

Market Overview - The special steel sector increased by 0.23% on October 22, with Fangda Special Steel leading the gains [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Fangda Special Steel (600507) closed at 5.57, up 2.77% with a trading volume of 315,700 shares and a turnover of 175 million yuan [1] - Other notable performers include: - Shengde Zhengtai (300881) at 35.29, up 2.20% [1] - Fushun Special Steel (665009) at 5.30, up 1.92% [1] - Jinzhu Pipeline (002443) at 8.48, up 1.44% [1] - Xining Special Steel (600117) at 3.28, up 1.23% [1] Capital Flow - The special steel sector saw a net inflow of 34.18 million yuan from institutional investors, while retail investors experienced a net outflow of 36.31 million yuan [2][3] - The capital flow for key stocks includes: - Fushun Special Steel with a net inflow of 28.63 million yuan from institutional investors [3] - Jiu Li Special Materials (002318) with a net inflow of 16.07 million yuan [3] - Fangda Special Steel with a net inflow of 6.93 million yuan from institutional investors [3]

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant price increases and dividend yields for various companies [1]. Group 1: Stock Performance - The top stock, Tunnel Co. (600820 SH), experienced a daily increase of 6.38% and a year-to-date increase of 0.67%, with a dividend yield of 4.57% [1]. - New Australia Co. (6038888 SH) saw a daily rise of 5.04% and an impressive year-to-date increase of 18.80%, with a dividend yield of 3.79% [1]. - Common Treasure Co. (002478.SZ) reported a daily increase of 4.46% and a year-to-date increase of 24.78%, with a dividend yield of 3.45% [1]. - Runna Co. (002483.SZ) achieved a daily rise of 4.19% and a remarkable year-to-date increase of 45.34%, with a dividend yield of 4.16% [1]. - Tianshan Aluminum (002532.SZ) recorded a daily increase of 3.26% and a year-to-date increase of 60.71%, with a dividend yield of 3.21% [1]. Group 2: Dividend Yields - The article lists several companies with notable dividend yields, including: - Tunnel Co. (4.57%) [1] - Runna Co. (4.16%) [1] - Tianshan Aluminum (3.21%) [1] - Jiangyin Bank (3.96%) [1] - Agricultural Bank (3.07%) [1]

Market Performance - The special steel sector increased by 1.09% on October 21, with Jinzhou Pipeline leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Individual Stock Performance - Jinzhou Pipeline (002443) closed at 8.36, up 6.23% with a trading volume of 249,200 shares and a turnover of 206 million yuan [1] - Changbao Co. (002478) closed at 6.33, up 4.46% with a trading volume of 397,100 shares and a turnover of 251 million yuan [1] - Shagang Group (002075) closed at 5.61, up 1.81% with a trading volume of 305,800 shares and a turnover of 171 million yuan [1] - Other notable performances include Taigang Stainless (000825) up 1.73% and Fangda Special Steel (600507) up 1.12% [1] Capital Flow Analysis - The special steel sector saw a net inflow of 8.93 million yuan from institutional investors, while retail investors contributed a net inflow of 10.64 million yuan [2] - The sector experienced a net outflow of 19.57 million yuan from speculative funds [2] Detailed Capital Flow for Key Stocks - Jinzhou Pipeline (002443) had a net inflow of 16.46 million yuan from institutional investors, while it faced a net outflow of 3.39 million yuan from speculative funds [3] - Shagang Group (002075) saw a net inflow of 15.62 million yuan from institutional investors, but a net outflow of 17.73 million yuan from speculative funds [3] - Fangda Special Steel (600507) had a net inflow of 4.64 million yuan from institutional investors, with a net outflow of 6.74 million yuan from speculative funds [3]

Core Points - The company, Changbao Co., announced the cancellation of 2,000 shares from its repurchase special securities account, which represents 0.0002% of the total share capital as of the announcement date [1] - The cancellation was confirmed by the Shenzhen branch of China Securities Depository and Clearing Co., Ltd., and was completed on October 17, 2025 [1] - Following the cancellation, the total number of shares for the company decreased from 900,806,228 shares to 900,804,228 shares [1]

证券代码：002478 证券简称：常宝股份 公告编号：2025-048 江苏常宝钢管股份有限公司 关于前期回购库存股注销完成的公告 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。 特别提示： 1、本次对公司回购专用证券账户中库存股予以注销，注销数量为2,000股，占 截至公告日公司总股本的0.0002%。 2、经中国证券登记结算有限责任公司深圳分公司审核确认，公司本次库存股票 注销事宜已于2025年10月17日办理完成。 3、注销完成后，公司股份总数由900,806,228股减少至900,804,228股。 一、公司回购股份及回购专用证券账户库存股注销已履行的相关审批程序 （一）公司于 2022 年 4 月 29 日召开第五届董事会第二十一次（临时）会议， 审议通过了《关于回购部分社会公众股份的方案》，并于 2022 年 5 月 6 日披露了 《关于回购部分社会公众股份的报告书》（公告编号：2022-039），同意使用自有 资金以集中竞价交易方式回购部分公司股份，回购的股份将依法用于后期员工持股 计划或者股权激励计划。公司于 2023 年 5 月 5 日披露了 ...

Core Insights - The special steel sector experienced a 0.5% increase on October 20, with Jiuli Special Materials leading the gains [1] - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] Special Steel Sector Performance - Jiuli Special Materials (002318) closed at 25.47, with a rise of 2.87% and a trading volume of 160,300 shares, totaling a transaction value of 406 million yuan [1] - Xianglou New Materials (301160) closed at 58.88, up 2.54%, with a trading volume of 27,300 shares and a transaction value of 162 million yuan [1] - Shengde Zhengtai (300881) closed at 34.33, increasing by 1.18%, with a trading volume of 12,900 shares and a transaction value of 44.03 million yuan [1] - Fushun Special Steel (600399) closed at 5.16, up 0.58%, with a trading volume of 207,700 shares and a transaction value of 107 million yuan [1] - Other notable performances include Xining Special Steel (600117) at 3.21 (+0.31%), Taiyuan Iron & Steel (000825) at 4.04 (+0.25%), and Jinzou Pipeline (002443) at 7.87 (+0.13%) [1] Capital Flow Analysis - The special steel sector saw a net inflow of 44.69 million yuan from main funds, while retail funds experienced a net outflow of 37.27 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor types, with main funds showing interest while retail investors withdrew [2]

Investment Rating - The industry is rated as "Overweight" [4][6][72] Core Viewpoints - The construction demand is under pressure while raw material prices remain relatively strong, leading to a maintained "Overweight" rating for the industry [6] - Steel demand has shown a significant week-on-week increase, primarily driven by the resumption of work after the National Day holiday, although construction material demand remains weak year-on-year [6][10] - Steel inventory has increased week-on-week, with hot-rolled steel experiencing the most accumulation [6][15] - Iron output has decreased week-on-week but has increased year-on-year, indicating resilience in demand supported by the manufacturing sector [6][37] Summary by Relevant Sections Market Overview - The Shanghai Composite Index fell by 1.47% this week, while the CSI 300 Index dropped by 2.22%. The steel sector declined by 2.01%, outperforming the CSI 300 by 0.21 percentage points [10] - Black futures prices have decreased, with rebar closing at 3037 CNY/ton, down 66 CNY/ton (2.13%), and hot-rolled coil at 3204 CNY/ton, down 81 CNY/ton (2.47%) [13][38] Demand and Supply Dynamics - The apparent consumption of the five major steel products decreased year-on-year, totaling 8.5922 million tons, although it increased by 1.5131 million tons week-on-week [15] - Total steel inventory rose to 21.7508 million tons, an increase of 389.33 thousand tons year-on-year [25] - The iron output from 247 steel enterprises was 2.4095 million tons, a slight decrease of 0.0059 million tons week-on-week but an increase of 0.659 million tons year-on-year [37] Profitability and Pricing - The profitability per ton of steel has weakened, with various steel products showing fluctuating profits, such as rebar at -15 CNY/ton and hot-rolled steel at -8 CNY/ton [46] - The profit ratio among 247 steel mills was 55.41%, a decrease of 0.87 percentage points from the previous week [47] Downstream Demand - Domestic cement dispatches fell to 2.5285 million tons, a year-on-year decrease of 726.5 thousand tons [58] - PVC production increased to 467.38 thousand tons, up 1.4293 thousand tons year-on-year [58]