在谈到市值管理时，董事、总经理高波表示，公司始终重视市值管理，并通过多方面举措来提升公司价 值。公司通过技术创新、数字化转型和海外市场拓展等战略举措，不断强化核心竞争力，推动业务增 长。未来，公司将继续加大AI技术投入，将AI与数据、知识、研究和技术深度融合，打造完整解决方 案，提升市场对公司价值的认可。公司管理层将持续做好日常经营管理工作，以期通过稳健的经营策略 和持续的业绩增长，为投资者创造更加丰厚的回报。 公开资料显示，上海钢联是全球领先的大宗商品及相关产业数据服务商之一，同时旗下拥有国内千亿级 B2B 钢材交易智慧服务电商平台。公司主营业务分为产业数据服务和钢材交易服务，上海钢联管理团 队致力于发展产业数据服务，子公司钢银电商具有独立的管理团队和治理结构，致力于发展钢材交易服 务。（全景网） 更多业绩说明会详情，请点击：https://rs.p5w.net/html/145756.shtml 4月10日，上海钢联（300226）2024年度网上业绩说明会在全景路演举行。有投资者提问：钢铁行业未 来几年都处于饱和状态。公司还要继续押宝钢铁交易？其他行业数据要素占比是否能提升？ 上海钢联董事、总经理高波回 ...

2024年，由上海钢联牵头的课题一《大宗商品分布式、物联网、多模态数据采集与储存技术》已经完成 六大品类、二十余个维度、两千余种数据入库，并针对各项指标要求进行研发，开发形成的课题成果已 交付项目组。此外，2024年钢银电商与北京科技大学共同进行关于卷材切割优化和区域价差预测的研究 课题，致力于提升交易过程中的产品标准化以及对特定品类市场的区域市场认知。 公开资料显示，上海钢联是全球领先的大宗商品及相关产业数据服务商之一，同时旗下拥有国内千亿级 B2B 钢材交易智慧服务电商平台。公司主营业务分为产业数据服务和钢材交易服务，上海钢联管理团 队致力于发展产业数据服务，子公司钢银电商具有独立的管理团队和治理结构，致力于发展钢材交易服 务。（全景网） 更多业绩说明会详情，请点击：https://rs.p5w.net/html/145756.shtml 4月10日，上海钢联（300226）2024年度网上业绩说明会在全景路演举行。上海钢联董事长朱军红在谈 到投资设立参股公司时表示，公司本次对外投资设立参股公司，主要从事人工智能、工业智能等计算机 前沿技术的创新研究和行业通用大语言模型、智能体应用的探索及研发。本次对外投 ...

Financial Performance - In 2024, the company achieved operating revenue of CNY 8,133,544.60 million, a decrease of 5.77% compared to the previous year [2] - The net profit attributable to shareholders was CNY 16,135.15 million, down 32.87% year-on-year [2] - The gross margin and net margin have declined due to factors such as reduced government subsidies and increased bad debt provisions [2] Business Growth and Strategy - The company reported a 3-year compound annual growth rate (CAGR) of 3.18% in net profit (excluding share-based payment expenses) for 2023 [1] - The settlement volume of steel trading services has a 5-year CAGR of 18.18%, while the revenue from industrial data services has a 5-year CAGR of 18.84% [1] - The company aims to expand its industrial data services and steel trading services, focusing on quality improvement and market share growth [2] Industry Position and Competitiveness - The company is a leading global provider of commodity and related industrial data services, covering various sectors including non-ferrous metals, energy, construction materials, and more [1] - The company has a comprehensive data service system covering over 100 industrial chains across 8 major industries [6] - The company emphasizes the integration of AI and big data to enhance service offerings and improve market competitiveness [4] Challenges and Risks - The steel industry is facing challenges such as resilient production, weak consumption, and low profits [2] - The company has experienced a significant cash flow fluctuation, with a net cash flow from operating activities of -CNY 419,670,324.87 in Q4 2024 [8] - The company acknowledges the impact of market conditions on stock performance and is committed to improving operational management [3] Future Outlook - The company plans to deepen services and expand coverage in emerging fields to enhance data authority and output high-value services [4] - Future investments will focus on AI and data technology to improve data processing and analysis capabilities [7] - The company is exploring both organic growth and potential mergers and acquisitions to sustain expansion [5]

Core Viewpoint - Shanghai Steel Union announced its annual shareholder meeting scheduled for April 23, 2025, with a record date for voting on April 17, 2025 [1] Group 1: Shareholder Meeting Details - The meeting will take place at 68 Yuanfeng Road, Building 1, Baoshan District, Shanghai [1] - The agenda includes 17 items for audit, covering various reports and proposals for the fiscal year 2024 [1] Group 2: Agenda Items - Key agenda items include the 2024 Board of Directors' work report, the 2024 Supervisory Board's work report, and the 2024 annual report and its summary [1] - Proposals for profit distribution for 2024 and confirmation of related party transactions for 2024 and 2025 are also included [1] - Compensation plans for directors and supervisors for 2024 and 2025 are to be determined [1] - The meeting will address the reappointment of the auditing firm for 2025 and various financial guarantees and credit applications for subsidiaries [1] - Discussions will also cover risk management activities such as hedging and accounts receivable factoring [1]

Core Viewpoint - Shanghai Steel Union's stock price has declined, reflecting challenges in its financial performance and shareholder dynamics [1][3][8] Shareholder Changes - As of March 31, 2025, the number of shareholders decreased by 3,870, a reduction of 10.21% from the previous period [2][8] - The average number of shares held per shareholder increased from 8,410 to 9,366, with an average holding value of 211,800 yuan [2] Financial Performance - For the fiscal year 2024, Shanghai Steel Union reported a total revenue of 81.335 billion yuan, a year-on-year decrease of 5.77% [3] - The net profit attributable to shareholders was 161 million yuan, down 32.87% year-on-year, while the net profit excluding non-recurring items was 112 million yuan, a decline of 41.43% [3] - In Q4 2024, the company recorded a revenue of 17.189 billion yuan, a 13.04% decrease year-on-year, and a net profit of 34.21 million yuan, down 53.4% [3] Government Subsidies - Shanghai Steel Union's subsidiary received a government subsidy of 21.52 million yuan, which represents 13.34% of the company's audited net profit for the most recent fiscal year [4][8] Investment and Financing - The company plans to apply for a total credit facility of up to 300 million yuan from financial institutions, with the authorization valid for one year from the date of shareholder approval [7] - Shanghai Steel Union's subsidiary is set to invest in a new company focused on AI and industrial intelligence, with a registered capital of 30 million yuan [5] Profit Distribution - The company has announced that it will not distribute cash dividends or issue new shares for the fiscal year 2024, instead opting for a share buyback amounting to approximately 49.63 million yuan [6]

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]