BSGCO(SZ:000959) Shang Hai Zheng Quan Bao·2025-04-20 19:20Core Viewpoint - Beijing Shougang Co., Ltd. has signed a strategic cooperation framework agreement with Zhejiang Geely Holding Group to enhance core competitiveness and establish a long-term cross-industry partnership [2][4]. Group 1: Agreement Overview - The strategic cooperation framework agreement was signed on April 18, 2025, in Ningbo [6]. - The agreement is an intention document and does not involve specific financial amounts; detailed cooperation projects will be negotiated later [2][4]. - The signing of the agreement does not constitute a related party transaction or a major asset restructuring as per Shenzhen Stock Exchange regulations [2][5]. Group 2: Cooperation Details - The cooperation aims to leverage the complementary strengths of both companies, focusing on areas such as steel product innovation, carbon neutrality, smart mobility, brand collaboration, and logistics [8][11]. - The agreement establishes principles of equality, long-term stability, and mutual benefit [7]. - A mechanism for cooperation includes preferential business policies, opportunities for product trials, and regular high-level exchanges [9]. Group 3: Impact on the Company - The agreement is expected to enhance the application of Shougang's products in green low-carbon and lightweight automotive steel [11]. - It will support the company's development in new product innovation and application of new processes [11]. - The agreement is not anticipated to have a significant impact on the company's financial performance [3][12].