Financial Performance - In 2024, the company reported a revenue of 1.61 billion, a decrease of 32.87% year-on-year, primarily due to a slight decline in gross profit margin, reduced government subsidies, and increased bad debt provisions [2] - Operating cash flow increased by 18.86% year-on-year, attributed to improved collection of accounts receivable and reduced prepayments in the supply chain [2] - Revenue from industrial data services was 7.81 billion, down 2.53% year-on-year, while data subscription revenue grew by 4.82% to 4.60 billion [2] User Engagement and Market Trends - The number of registered users on the platform reached 805,490, an increase of 6.63% year-on-year, while active users decreased by 16.58% [2] - The platform processed 1.24 million transaction orders, reflecting a year-on-year growth of 23.76% [2] - Due to declining steel prices, companies opted for smaller, more frequent purchases, leading to increased consumption frequency but reduced order amounts [8] AI and Technology Integration - The company plans to enhance AI research and development, aiming for AI-generated reports to reach the level of senior analysts by mid to late 2025 [3] - AI technology is being integrated into the EBC system to improve report quality and assist enterprises in decision-making [3] - The company is focusing on building a comprehensive digital transformation solution for enterprises, leveraging AI for data analysis and decision support [12] Strategic Focus and Future Plans - The company aims to expand its overseas business, having established a subsidiary in Vietnam to enhance local service capabilities [4] - Future strategies will focus on increasing market share in sectors such as non-ferrous metals, energy, and chemicals, while enhancing services for key clients [5] - The EBC service is targeting large enterprises, with a goal of signing up 1,000 companies, having already secured over 70 contracts [10]

Core Insights - Shanghai Steel Union reported a revenue of 81.335 billion yuan and a net profit of 161 million yuan for 2024, with a significant increase in cash flow from operating activities, up 1577.47% year-on-year [1] Group 1: Business Segments - In the industrial data services segment, revenue was 781 million yuan, a decrease of 2.53% year-on-year, while data subscription revenue increased by 4.82% to 460 million yuan [2] - The company is building a comprehensive data asset system covering over 100 industrial chains across eight sectors, including metals and energy [2] - Shanghai Steel Union is focusing on AI technology and deep application of vertical large models, creating a full value chain service system from data production to decision-making [2] Group 2: Steel Trading Services - The steel trading service segment, represented by Steel Silver E-commerce, saw a transaction volume of 60.338 million tons, down 5.19% year-on-year, with revenue of 80.549 billion yuan, a decline of 5.80% [3] - Steel Silver Cloud's SaaS products have gained customer recognition, with over 8,000 registered users and more than 1,000 paying members [3] - The company is increasing investments in the energy and chemical sectors while ensuring sufficient operational funds [3] Group 3: International Expansion - Shanghai Steel Union is developing international products to assist Chinese companies in expanding overseas, successfully hosting over 20 market research events in various countries [4] - The overseas revenue from industrial data services reached 43.6624 million yuan, a year-on-year increase of 40.05% [4] Group 4: Future Plans - For 2025, the company plans to continue expanding industrial data services and steadily develop steel trading services, focusing on quality and market share [4] - The company aims to enhance AI capabilities and energy efficiency, with plans for the "Little Steel" digital assistant to evolve and provide more personalized AI reports [5]

Group 1 - Shanghai Steel Union (300226.SZ) reported its 2024 annual results on April 3, 2025, with 96 institutional investors holding a total of 99.946 million A-shares, accounting for 31.36% of the total share capital [1] - The top ten institutional investors collectively hold 30.53% of the shares, with a decrease of 1.30 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one fund, Changsheng Internet + Mixed A, increased its holdings, while five funds, including Southern CSI 1000 ETF and Fortune Stable Income Bond A, saw a decrease in holdings, with a total reduction of 0.31% [2] - A total of 86 new public funds were disclosed this period, including major funds like China Europe New Blue Chip Mixed A and Southern Financial Theme Flexible Allocation Mixed A [2] - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings slightly compared to the previous quarter [2]

Core Viewpoint - The company is a leading global provider of bulk commodity and related industry data services, focusing on digital transformation and efficiency in the bulk commodity market through data and technology integration [2][3][4] Company Overview - The company operates in two main business segments: industrial data services and steel trading services, aiming to enhance the efficiency and safety of bulk commodity circulation [2][3] - The industrial data services segment provides comprehensive data solutions across various industries, including black and non-ferrous metals, energy, and agriculture, supporting decision-making for industrial and financial clients [4][6] Business Model - The industrial data services utilize a standardized data collection process and advanced technologies to ensure market transparency and provide valuable insights to users [4][8] - The steel trading service, through its platform, offers a one-stop solution for transactions, integrating various services such as logistics and payment, enhancing the overall efficiency of the steel industry [5][9] Industry Position - The company has a strong market presence, recognized as the first Chinese bulk commodity data service provider certified by the International Organization of Securities Commissions (IOSCO), and its price indices are widely used in both domestic and international markets [6][10] - The company’s price indices are integral to the pricing mechanisms in the bulk commodity market, with significant adoption in various trading platforms [6][20] Financial Performance - In the reporting period, the company achieved a revenue of 81.34 billion yuan, a decrease of 5.77% year-on-year, while the net profit attributable to shareholders was 1.61 billion yuan, down 32.87% [16][17] - The cash flow from operating activities saw a significant increase of 1577.47%, reaching 18.86 billion yuan [16] Key Growth Drivers - The digital economy's top-level design and supportive policies are creating new opportunities for the industrial data services and steel e-commerce sectors [11][12] - The integration of high-quality data and AI technology is enhancing decision-making capabilities and operational efficiency for clients [12][19] Technological Innovation - The company has developed advanced AI models and digital assistants to provide clients with market analysis and decision support, enhancing the overall service quality [7][19] - The implementation of a standardized quality management model for data services has been recognized with awards, ensuring high data quality and reliability [18] Market Expansion - The company is actively expanding its international presence, with significant revenue growth from overseas markets, achieving 436.62 million yuan, a 40.05% increase year-on-year [20] - The establishment of subsidiaries in Southeast Asia aims to strengthen the company's market position in the region [26] Investor Relations - The company emphasizes transparent communication with investors and has implemented share buyback programs to enhance shareholder value [27]

Core Insights - Shanghai Steel Union reported a decline in both revenue and net profit for 2024, indicating significant operational pressure amid an industry downturn [1][2] Financial Performance - The company achieved a total revenue of 81.335 billion yuan, a year-on-year decrease of 5.77%, marking the first instance of negative revenue growth in recent years [2] - The net profit attributable to shareholders was 161 million yuan, down 32.87% year-on-year, with the non-recurring net profit dropping even more sharply by 41.43% [2] - Cash flow from operating activities saw a substantial increase of 1577.47%, primarily due to improved collection of accounts receivable by its subsidiary [2] Government Support and Dependency - In 2024, the company received government subsidies amounting to 21.52 million yuan, which constituted 13.34% of the audited net profit, highlighting a reliance on external support for profitability [3][4] - Other income decreased by 29.54% year-on-year, reflecting a reduction in government subsidies compared to the previous year, further exacerbating profit decline [3] Business Segment Performance - The steel trading service segment reported a revenue of 80.4719 million yuan, down 5.81% year-on-year, with transaction volume on the steel e-commerce platform declining by 5.19% [5] - The industrial data service segment also experienced a revenue drop of 2.53%, despite some advancements in data quality management and AI technology application [5] - Overall, the company faces severe challenges in maintaining profitability in its core business areas amid a declining industry environment [5]

Group 1: Financial Performance - In 2024, the company achieved operating revenue of 81.335 billion yuan and a net profit attributable to shareholders of 161 million yuan, with a significant increase in net cash flow from operating activities, up 1577.47% to 1.886 billion yuan [1] - The revenue from the industrial data service segment was 781 million yuan, a decrease of 2.53% year-on-year, while data subscription revenue increased by 4.82% to 460 million yuan [1] Group 2: Data Services and Technology - The company focuses on leveraging proprietary industrial big data assets and advanced technologies to enhance digital transformation in the commodity sector, contributing to high-quality development [1] - The company has established a comprehensive data asset system and a multi-dimensional data collection network, creating an industrial database covering over 100 industrial chains across eight major fields [1] - The company is utilizing AI technology to drive data value upgrades, developing a large model data annotation platform and industry-specific language models to provide digital transformation solutions [2] Group 3: Market Position and Expansion - The company is recognized as a leading global provider of commodity and related industry data services, with a significant B2B steel trading e-commerce platform [3] - The company is actively enhancing its brand influence both domestically and internationally, developing international products to serve global clients and increase market share [2] - The company has established a controlling subsidiary in Vietnam to strengthen its presence in the Southeast Asian market [3]

Group 1 - The company plans to apply for a comprehensive credit limit of up to RMB 300 million from financial institutions to support its operational and business development needs [1][2] - The authorization period for this credit limit is one year from the date of approval by the shareholders' meeting, and the financing plan for 2026 will remain valid until the next annual shareholders' meeting [1] - The credit limit can be used repeatedly, and the actual financing amount will depend on the agreements made with banks and financial institutions [1][2] Group 2 - The chairman is authorized to represent the company in reviewing and signing all documents related to the credit limit, ensuring compliance with relevant laws and regulations [2] - The financing limit application is subject to approval by the company's shareholders' meeting [2]

Core Viewpoint - The company plans not to distribute profits for the year 2024, opting instead for share buybacks to enhance shareholder value and ensure long-term stability [1][2][4]. Profit Distribution Plan - The board of directors approved a profit distribution plan for 2024, which includes no cash dividends, no bonus shares, and no capital reserve transfers to increase share capital [2][4]. - The net profit attributable to shareholders for 2024 is reported at 161.35 million yuan, with a total distributable profit at year-end of 692.67 million yuan after accounting for retained earnings and reserves [1][2]. Share Buyback Details - The company completed a share buyback totaling 49.63 million yuan in 2024, which is treated as equivalent to cash dividends under the profit distribution policy [2][3][4]. - A total of 3,100,094 shares were repurchased, representing approximately 0.96% of the total share capital, and these shares were subsequently canceled [3][4]. R&D and Revenue Performance - Research and development expenditure for 2024 amounted to 119.24 million yuan, slightly down from the previous year [2]. - The company's operating revenue for 2024 was reported at 81.34 billion yuan, an increase from 86.31 billion yuan in the prior year [2]. Board and Supervisory Opinions - The board believes that the profit distribution plan aligns with the company's long-term development needs and does not adversely affect current operations [4][5]. - The supervisory board supports the profit distribution plan, stating it reflects a reasonable return to shareholders while considering the company's growth stage and profitability [5].

证券代码：300226 证券简称：上海钢联 公告编号：2025-014 具体内容详见刊登于中国证监会指定创业板信息披露网站的《2024年度监事 会工作报告》。 表决情况：同意 3 票，反对 0 票，弃权 0 票。 本议案尚须提交2024年年度股东大会审议。 二、审议通过《2024年度审计报告》； 经审核，监事会认为：天健会计师事务所（特殊普通合伙）出具的《2024 年度审计报告》真实、完整地反映了公司2024年度财务状况和经营成果等情况。 表决情况：同意 3 票，反对 0 票，弃权 0 票。 上海钢联电子商务股份有限公司 第六届监事会第十次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和 完整，没有虚假记载、误导性陈述或重大遗漏。 上海钢联电子商务股份有限公司（以下简称"公司"）第六届监事会第十次 会议于2025年4月1日上午11:00以现场表决与通讯表决相结合的方式在公司会议 室召开，本次会议于2025年3月21日分别以电子邮件、传真等方式送达了会议通 知及文件。应出席监事3人，实际出席监事3人。本次监事会出席人数和表决人数 符合《中华人民共和国公司法》和《公司章程》的规定。会议由监事会主 ...

2025 年 4 月 3 日 1 综上所述，公司监事会认为，公司董事会《2024 年度内部控制评价报告》 全面、客观、真实地反映了公司内部控制体系建立及运行的实际情况。 上海钢联电子商务股份有限公司 监事会 上海钢联电子商务股份有限公司监事会 关于公司 2024 年度内部控制评价报告的意见 根据《中华人民共和国公司法》《企业内部控制基本规范》《深圳证券交易所 创业板上市公司规范运作指引》等法律法规和规范性文件的要求，公司董事会对 公司内部控制进行了评价，并出具了《2024 年度内部控制评价报告》。公司监事 会审阅了公司内部控制评价报告，现发表审核意见如下： 公司已根据自身的实际情况和法律法规要求，建立了较为完善的法人治理结 构和内部控制制度体系，公司的法人治理、生产经营、信息披露和重大事项等活 动严格按照公司各项内控制度的规定进行，对各环节可能存在的内外部风险进行 了合理控制，公司的内部控制体系规范、合法、有效，符合公司现阶段经营管理 的发展需求，起到了较好的风险防范和控制作用，保证了公司各项业务的健康运 行，维护了公司及股东的利益。因此，公司的内部控制是有效的。 ...