证券代码：600019 证券简称：宝钢股份 公告编号：临 2025-028 宝山钢铁股份有限公司 2025 年第一季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信 息披露》"第七号——钢铁"要求，公司 2025 年第一季度主要经营数 据公告如下： 一、 公司经营亮点 一季度国内钢铁市场供需矛盾仍然突出，钢铁企业原燃料成本 有所改善，但受钢材市场需求低迷影响，钢铁行业利润空间仍然有 限，经营持续承压。报告期内，公司累计完成铁产量 1,155.0 万吨， 钢产量 1,284.8 万吨，商品坯材销量 1,223.0 万吨，实现合并利润总 额 32.9 亿元。 坚持科技创新，实现技术引领。一季度，公司布局 12 大标志 性技术，已部署 48 个科研项目予以推进；实现"高强度热冲压钢 HC950 /1300HS+AST"等 3 项全球首发；成功试制冷成形超高强钢 产品 1300MS-EG、1500MS-EG，填补国内相关产品空白。 二、 公司主要会计数据和 ...

Group 1: Company Performance - In 2024, the company achieved operating revenue of 545 million yuan, a year-on-year increase of 0.38% [1] - The net profit attributable to shareholders was 45.18 million yuan, reflecting a year-on-year growth of 5.10% [1] - The company plans to distribute a cash dividend of 0.50 yuan per 10 shares, totaling 11.72 million yuan [1] Group 2: Business Operations - The company focuses on urban gas operations, including the sale of natural gas and compressed natural gas, LNG storage and sales, and gas facility installation services [1] - As of the end of 2024, the company operates 2 gas distribution stations, 1 park gasification station, and 1 self-owned CNG refueling station, serving over 160,000 gas users [1] Group 3: Industry Trends - The Chinese gas industry is experiencing rapid growth due to energy structure adjustments, environmental policies, and urbanization [2] - The industry is transitioning towards smart and digital solutions, leveraging technologies like IoT, big data, and AI for smart gas meters and digital operations [2] - The gas sector is exploring green low-carbon development paths, including biogas, hydrogen integration, and carbon capture [2] Group 4: Safety and Infrastructure - The company aims to enhance gas safety management and overall operational efficiency by developing a gas safety management model using AI [2] - To meet future gas demand, the company will increase the construction and renovation of gas transmission and distribution facilities [2] - The company plans to integrate green electricity and hydrogen with gas to reduce carbon emissions and lower operational costs [3]

Core Viewpoint - The lithium battery separator industry is facing increased competition and pressure on prices and margins, but companies like Enjie Co., Ltd. are focusing on innovation and diversified strategies to maintain competitiveness and navigate industry cycles [1][2][7]. Group 1: Industry Overview - The lithium battery separator market is experiencing intensified competition due to increased capital influx, leading to price and margin pressures [1]. - The global demand for lithium battery separators is projected to grow significantly, with a forecast of 300 to 325 billion square meters by 2025 and over 4500 GWh of global lithium battery production by 2030 [7]. - The Chinese lithium-ion battery separator shipment volume is expected to increase by 28.6% year-on-year in 2024, reaching 22.75 billion square meters [4]. Group 2: Company Strategy - Enjie Co., Ltd. has established a strong focus on R&D and innovation, developing a unique research system and attracting global talent to meet diverse customer needs [2][3]. - The company has diversified its product offerings and optimized its industrial structure, becoming a leading supplier with the most varied range of lithium battery separator products in the market [4]. - Enjie has formed strategic partnerships with major global battery manufacturers, ensuring its integration into the supply chains of leading companies [8]. Group 3: Technological Advancements - Enjie has made significant technological breakthroughs, including the successful development of all-solid-state sulfide electrolyte membrane products in collaboration with Central South University [5]. - The company is also investing in future technologies, such as solid-state battery materials, positioning itself for the anticipated growth in this area from 2027 to 2032 [4]. Group 4: Market Position and Recognition - Enjie has received multiple awards from major clients, reflecting its strong product quality and innovation capabilities, including recognition from companies like A123 Systems and Guoxuan High-Tech [8]. - The company is committed to sustainable development and green technology innovation, aligning with global carbon neutrality goals and China's dual carbon targets [9].

Core Viewpoint - The oil casing industry in China is experiencing growth driven by national policies and increasing demand for oil and gas exploration and production equipment, with the market size projected to reach 20.5 billion yuan by 2024, up from 19.63 billion yuan in 2017 [1][11]. Industry Overview - Oil casing is a critical component used to support oil and gas wells, ensuring the efficiency and safety of drilling operations. It is a one-time consumable material, with consumption accounting for over 70% of total oil well pipe usage [3][9]. - The classification of oil casings includes various steel grades such as J55, K55, N80, L80, C90, T95, P110, Q125, and V150, as well as different end processing forms [3][5]. Industry Chain - The upstream of the oil casing industry includes steel, anti-corrosion coatings, and sealants, with steel being the primary raw material. The midstream involves the production and processing of oil casings, while the downstream focuses on applications in the oil and gas sector [5][7]. Market Demand - The demand for oil casings, particularly high-end products, is increasing due to the growing complexity of drilling environments and deeper drilling depths. High-end oil casings currently dominate the market, accounting for over 70% of the total [13][20]. Industry Competition - The oil casing industry is capital-intensive, primarily dominated by a few large companies that leverage their technological expertise and brand influence. Notable companies include Jiangsu Changbao Steel Tube Co., Shandong Molong Petroleum Machinery Co., and Baosteel [15][16]. Key Companies - Jiangsu Changbao Steel Tube Co. specializes in high-end special pipes, with oil casings being a key product, achieving a revenue of 2.223 billion yuan in 2024, a decrease of 37.14% year-on-year [16]. - Shandong Molong Petroleum Machinery Co. focuses on energy equipment manufacturing, reporting a revenue of 1.231 billion yuan for its pipe products in 2024, an increase of 7.81% year-on-year [18]. Future Trends - The industry is expected to see sustained demand for high-quality, high-performance oil casings, particularly for deep-sea and unconventional oil and gas fields. The integration of digital and intelligent technologies will enhance operational efficiency and competitiveness [20][22].

Core Viewpoint - The article emphasizes the importance of multilateralism and international cooperation in addressing climate change and promoting sustainable development, as articulated by President Xi Jinping during the climate and just transition leaders' video summit [1][2]. Group 1: Multilateralism and International Order - The article highlights the need to uphold multilateralism and maintain an international order based on international law, emphasizing the importance of fairness and justice in global governance [1]. - It calls for a collective response to the climate crisis through multilateral governance, reinforcing the commitment to green and low-carbon development [1]. Group 2: International Cooperation - The article stresses the importance of deepening international cooperation to overcome conflicts and promote technological innovation and industrial transformation, ensuring that high-quality green technologies are accessible to all countries, especially developing ones [2]. - China is committed to enhancing South-South cooperation and providing assistance to other developing countries within its capacity [2]. Group 3: Just Transition - The article advocates for a people-centered approach that balances improving livelihoods with climate governance, addressing multiple goals such as environmental protection, economic development, job creation, and poverty alleviation [2]. - It emphasizes the obligation of developed countries to support developing nations in achieving a global green and low-carbon transition [2]. Group 4: Practical Actions - The article calls for all parties to make maximum efforts in formulating and implementing national action plans based on economic development and energy transition [2]. - China plans to announce its 2035 national contribution target, covering all economic sectors and greenhouse gases, ahead of the UN Climate Change Conference [2]. Group 5: China's Commitment to Green Development - The article outlines China's significant contributions to global green development, including the establishment of the largest and fastest-growing renewable energy system and the most complete new energy industrial chain [2]. - It notes that China has contributed to one-fourth of the world's new green area and reaffirms its commitment to actively addressing climate change and promoting international cooperation [2].

4月23日，海富通基金发布关于董事长变更的公告 ，董事长路颖因工作调整离任，新任谢乐斌为董事 长，任职日期2025年4月21日。 谢乐斌，2021年6月28日起担任国泰君安证券股份有限公司副总裁，现任国泰海通证券股份有限公司副 总裁。 曾先后担任君安证券有限责任公司投资银行部常务 董事；国泰君安证券股份有限公司稽核审计 部（沪） 副总经理、稽核审计总部副总经理、稽核审计总部 副总经理（主持工作）、稽核审计总部总 经理，计 划财务部总经理，副财务总监，财务总监兼营运总 监、首席风险官，投行事业部总裁、执行 委员会主 任。在此之前，曾在万国证券有限公司任职。 路颖，CFA，首席分析师，女，博士，2024年9月-2025年4月担任海富通基金董事长，曾任职于海通证 券，海通证券研究所所长，研究方向为商贸零售，证书编号：S0850511010009。复旦大学经济学博 士，2000年加入海通证券研究所从事批发与零售贸易行业研究．2005-2007年连续三年进入《新财富》 最佳分析师评比"批发与零售贸易行业"前三名；2008年1月获《21世纪经济报道》主办的首届"21世纪金 牌分析师"评选第二名．研究成《公司特质，市场激励 ...

Group 1 - The global consensus is growing on the need to strengthen ecological environment governance and protect the green earth, especially in light of climate change, biodiversity loss, and resource constraints [4] - The 56th Earth Day theme event in Henan focuses on youth engagement with the slogan "Cherish the Earth, Harmonious Coexistence between Humans and Nature" [4] - The province has implemented significant ecological restoration projects, completing 1.7237 million acres of ecological restoration, leading the nine provinces along the Yellow River in ecological corridor connectivity [4] Group 2 - The company Zhengzhou University High-tech Materials Technology Co., Ltd. produces inorganic plastic micro-porous insulation boards from solid waste like fly ash, achieving zero pollution and emissions during production [5] - The company claims to consume 150,000 tons of fly ash annually, which equates to a reduction of 3,000 tons of CO2 emissions each year, showcasing its commitment to green and low-carbon development [5] - The province has established a "1+N" system for resource conservation and efficient land use, activating 376,900 acres of land and disposing of 149,600 acres of idle land last year [6]

Core Viewpoint - The coal industry in Ningxia is transforming through advanced chemical processes, enhancing the utilization of coal as a raw material, and developing high-end, diversified, and green products, thereby increasing its economic value and reducing carbon emissions [4][8][12]. Group 1: Coal Transformation and Product Development - Ningxia is accelerating the construction of a modern coal chemical industry base, leading the nation in coal-to-oil production capacity and accounting for about 20% of the country's coal-to-olefin capacity [3][4]. - The successful launch of the Long March 12 rocket using coal-based aerospace kerosene marks a significant achievement, showcasing the versatility of coal in producing high-quality fuels [4][8]. - The production of aramid fibers, known as "golden silk," demonstrates coal's potential in creating high-strength materials that are lightweight and have superior properties compared to steel [5][6]. Group 2: Economic Performance and Market Expansion - In 2024, the sales revenue of the coal-to-oil division of the company reached 43.07 billion yuan, a 5% increase year-on-year, with customers spanning 36 countries and regions [6]. - The overall revenue of the company exceeded 57.7 billion yuan, with over 70% derived from coal-to-oil and chemical industries, indicating a significant shift towards value-added products [6][8]. Group 3: Environmental Sustainability and Carbon Reduction - The company has implemented measures to reduce carbon emissions, achieving a 15-gram reduction in coal consumption per kilowatt-hour and saving 240,000 tons of standard coal annually, which translates to a reduction of 650,000 tons of carbon emissions [7][10]. - The establishment of a carbon capture, utilization, and storage (CCUS) project aims to capture CO2 emissions from coal-to-liquid processes, contributing to a greener coal chemical industry [10][12]. Group 4: Technological Innovation and Industry Collaboration - The coal industry is moving towards a model that emphasizes both fuel and raw material, with significant advancements in coal-to-oil, coal-to-gas, and coal-to-olefin production capacities [11][12]. - Collaborative efforts between enterprises and academic institutions have led to breakthroughs in high-end lubricating oil technologies, enhancing the industry's innovation capabilities [11][12].

据山西《阳泉日报》报道，4月21日，阳泉市委书记雷健坤采取"四不两直"方式深入郊区，调研督导生 态环保整改工作。她强调，要深入学习贯彻习近平生态文明思想和习近平总书记对山西工作的重要讲话 重要指示精神，进一步提高政治站位，扛牢主体责任，以严实作风狠抓问题整改，坚决守牢环境保护底 线，以高品质生态环境支撑高质量发展。 阳泉市委常委、常务副市长耿鹏鹏参加。 治理生态环保突出问题不是"一阵风"，需要持续用力、久久为功。今年以来，全市生态环境整治工作进 展如何，雷健坤十分关心。调研督导中，雷健坤随机走进企业、料场和历史遗留废弃矿山，与基层工作 人员面对面交流，深入了解污染防治、扬尘管理、矿山生态修复及固废综合利用等情况，并针对发现的 问题现场办公、责令整改。 雷健坤指出，生态环境保护是党中央关心关注的"国之大者"，是事关群众切身利益的大事要事。各级各 部门要扛牢政治责任，全方位、全地域、全过程加强生态环境保护，全力建设美丽阳泉。要突出问题导 向，扭住中央生态环保督察和省委巡视反馈问题不松劲，较真碰硬、重点攻坚，确保各项问题彻底改、 改彻底。要发挥好现代科技手段和基层组织优势，"拉网式"排查、网格化管理，全面动态摸排各 ...

Core Viewpoint - The article highlights the rapid progress of the Penghui Energy energy storage battery production project in Qingdao, which is a significant investment in the energy sector, aiming for trial production by April 2024 and contributing to the green low-carbon development of the region [1][2][3]. Group 1: Project Overview - The Penghui Energy energy storage battery production project is a major provincial project with a total planned investment of 13 billion yuan, covering an area of approximately 1000 acres and divided into three phases [3]. - The first phase occupies 275 acres and has an annual production capacity of 12 GWh, primarily producing 314Ah lithium iron phosphate large storage battery cells for various energy storage applications [3]. Group 2: Construction Progress - As of now, the construction of the project is progressing smoothly, with the main structure of the battery cell factory completed and 70% of the equipment installation finished [1][2]. - The project includes three main buildings: the battery cell factory, the PACK factory, and a comprehensive building, with the battery cell factory being the largest single factory of Penghui Group, covering an area of 93,000 square meters [2]. Group 3: Economic Impact - The project is expected to generate an annual output value of 5 billion yuan, with an average investment intensity of 14.5 million yuan per acre [2]. - The Qingdao base is designed to have a total capacity of 36 GWh, with products intended for export to North America, Europe, South Africa, and Japan, thereby reducing logistics costs due to its proximity to the port [2].