编号：2025-19 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活动 | 媒体采访 业绩说明会 | | 类别 | 新闻发布会 路演活动 | | | 现场参观 其他 | | 参与活动单位及 | 中金资管-莫华寅 | | 人员 | 长城资管-周宜夫 天风证券-唐梦涵 | | 时间 2025 | 年 11 月 17 日 15:00-16:00 | | 地点 | 本溪市 | | 形式 | 现场调研 | | 上市公司接待人 | 陈立文、贾晶乔 | | 员 | | | | 1.重大资产置换目前是否还在推进，进展情况？ | | | 答：公司于 2023 年 6 月披露了《本钢板材股份有限公司 | | | 重大资产置换暨关联交易预案》，鉴于本次交易将导致公司关 | | | 联销售比例大幅增加，可能导致公司对控股股东及其他关联方 | | | 存在重大依赖、对公司面向市场独立持续经营的能力产生重大 | | | 影响，目前公司正在结合自身实际，对本次交易方案的可行性 | | | 与合规性做进一步审慎论证和谨慎评估。本次交易方案仍需进 | | | 一步论证和沟通协商，相关事项尚存 ...

Group 1: Profit Improvement Measures - The company plans to enhance profitability by increasing the R&D and production of high-value-added products, narrowing the competitive gap with leading enterprises through differentiated products to raise prices and gross margins [2] - Continuous reduction of procurement costs will be implemented through strategic purchasing, product substitution, and optimizing inventory management [2] - The company aims to expand its sales radius and reduce cross-regional transportation costs by exploring regional cooperation [2] - Smart transformation of production processes and refined management will optimize personnel and equipment efficiency, improving capacity utilization [2] Group 2: Response to Anti-Dumping Investigations - The company is accelerating market expansion into Southeast Asia, South Asia, the Middle East, South America, and Africa to reduce reliance on the Korean market [2] - Product differentiation and upgrades are being prioritized, with a focus on developing high-end products with higher strength, better corrosion resistance, and precise dimensional tolerances for international markets [2] Group 3: Major Asset Restructuring - The company disclosed a major asset restructuring plan in June 2023, which may significantly increase the proportion of related party sales, potentially impacting its independent operational capabilities [2] - Further feasibility and compliance assessments of the restructuring plan are ongoing, with the company committed to timely information disclosure as developments occur [2] Group 4: Convertible Bonds and Financing - The company is focusing on market value management to enhance profitability and improve management efficiency through professional integration and major asset restructuring [3] - Preparations for the repayment of maturing convertible bonds are underway, alongside efforts to expand financing channels, with sufficient credit and low financing costs [3] Group 5: Raw Material Procurement - Approximately 50%-60% of the company's iron ore is sourced through group procurement, while coking coal and coke are primarily procured through long-term contracts with domestic mines, supplemented by local coal [3]

至正股份公告称，公司拟通过重大资产置换、发行股份及支付现金取得先进封装材料国际有限公司股权 及控制权，置出上海至正新材料有限公司100%股权并募资。2025年9月，公司获中国证监会同意本次交 易的注册申请批复。截至目前，公司与交易对方正推进实施工作，已取得国家发改委境外投资项目备案 通知书，但未完成商务部门境外投资备案程序。公司将继续推进并及时披露进展。 ...

Group 1: Company Overview - On October 21, Benxi Steel Plate (000761.SZ) conducted an online investor survey with 30 institutions, including Guohai Securities and CITIC Trust, reflecting high market interest in the company's business layout and future development [1] Group 2: Core Business Insights - The company highlighted its competitive advantages in the automotive steel sector through three main aspects: technological innovation, brand leadership, and green transformation. It has made breakthroughs in ultra-wide and high-strength steel technologies, which are essential for lightweight electric vehicles [2] - The brand "Benxi Wide" focuses on high-end automotive steel products over 2050mm in width, widely used by leading domestic and international electric vehicle manufacturers, establishing itself as an industry benchmark [2] - The company is committed to reducing the carbon footprint of its cold-rolled products by integrating low-carbon metallurgy processes with green product design [2] Group 3: Asset Restructuring - The company is currently in a cautious evaluation phase regarding a significant asset swap announced in June 2023, due to potential impacts on its independent operational capacity. Further assessments on feasibility and compliance are ongoing [3] Group 4: Profit Improvement Strategies - The company has outlined four key directions for profit enhancement: increasing the development and production of high-value-added products, reducing procurement costs, exploring regional cooperation to minimize transportation costs, and advancing smart production process transformations [4] Group 5: Convertible Bond Strategy - To address upcoming maturity pressures on convertible bonds, the company is implementing a dual strategy of enhancing market value and preparing for bond redemption. It is focusing on cost reduction, professional integration, and asset restructuring to improve overall company quality [5] Group 6: Sales Network - The company's sales network covers major regions in China, including Northeast, North China, Central and Western China, East China, and South China, with processing and distribution centers in key economic areas. Internationally, it targets markets in South Korea, Japan, and Southeast Asia, creating a coordinated domestic and international sales strategy [6]

Core Viewpoint - Jiangxi Jiangtong Rare and Precious Equipment Co., Ltd. has completed a significant asset swap with Jiangxi Jiangtong Holdings Development Co., Ltd., involving the exchange of coal-related assets and liabilities for a 57% stake in Ganzhou Jinhui Magnetic Separation Technology Equipment Co., Ltd. [1] Group 1: Asset Swap Details - The asset swap involves Jiangtong Equipment exchanging its coal business assets and liabilities for 85.5 million shares of Jinhui Magnetic Separation, with the cash adjustment for the price difference to be settled between the parties [1] - The transaction has been finalized with the completion of asset delivery and related business registration changes [1] Group 2: Transitional Profit and Loss Arrangement - The transitional profit and loss arrangement specifies that from December 31, 2024, until the delivery audit benchmark date, profits and losses from the disposed assets will be borne by Jiangtong Development, while profits from the acquired assets will belong to Jiangtong Equipment [2] - A special audit will be conducted within 60 days post-delivery to determine the specific amounts of transitional profits and losses for both sets of assets [2] Group 3: Audit Findings - Zhongxinghua Accounting Firm has conducted a special audit on the transitional profit and loss of both the disposed and acquired assets, confirming that the acquired assets generated profits, while the disposed assets incurred losses [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600936 证券简称：广西广电 公告编号：2025-052 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。 广西广播电视信息网络股份有限公司（以下简称"公司"或"广西广电"）于2025年9月24日（星期三） 10:30-11:30通过上海证券交易所上证路演中心（http://roadshow.sseinfo.com/）以网络文字互动方式召开 了2025年半年度业绩说明会。现将本次业绩说明会有关事项公告如下： 一、本次说明会召开情况 公司于2025年9月17日在上海证券交易所网站（www.sse.com.cn）披露了《广西广电关于召开2025年半 年度业绩说明会的公告》（公告编号：2025-051）。 2025年9月24日，公司董事长谢向阳先生、副董事长兼总经理陈远程先生、董事周杰先生、独立董事李 春友先生、财务总监李一玲女士、董事会秘书张超先生、广西交科集团有限公司（以下简称"交科集 团"）副总经理熊剑平先生、交科集团总会计师唐健先生与投资者进行了交流和沟通，在信息 ...

Group 1: Major Asset Restructuring - The company is currently evaluating the feasibility and compliance of the major asset restructuring plan disclosed in June 2023, which may significantly increase the proportion of related party sales and impact independent operations [1] - A board meeting will be convened to review the plan once relevant matters are confirmed, followed by timely information disclosure [1] Group 2: Convertible Bond Management - The company is preparing for the maturity of its convertible bonds, focusing on enhancing profitability through cost reduction and efficiency improvements [1] - It is also expanding financing channels, with sufficient credit and low loan interest rates [1] Group 3: Response to Anti-Competition Policies - The company is actively responding to "anti-competition" policies by optimizing production based on market trends and ensuring stable operations while managing risks [1] - The focus is on improving user structure, production models, and overall production efficiency [1] Group 4: Certification Progress - The company is advancing its certification with BMW and has also obtained product certifications from several other automotive manufacturers, including BYD and North Benz [2]

Group 1: Major Asset Restructuring - The company is currently evaluating the feasibility and compliance of the major asset restructuring plan disclosed in June 2023, which may significantly increase the proportion of related party sales and impact independent operations [1] Group 2: Capital Expenditure Plans - For 2025, the company plans to allocate an investment of 1.36 billion CNY, focusing on projects such as ultra-low emissions in the coke oven system, quality enhancement in the hot rolling mill, and the restoration of cooling and auxiliary equipment in the new blast furnace [1] Group 3: Production Strategy and Market Response - The company aims to respond to the "anti-involution" initiative by rationally arranging production based on market orientation, emphasizing stable operations, risk prevention, quality improvement, structural optimization, transformation promotion, and efficiency enhancement [1] - The company adheres to the principle of optimal user structure and production mode to drive extreme production [2] Group 4: Raw Material Procurement - Approximately 50%-60% of iron ore raw materials are procured from the group, while coking coal and coke are primarily sourced from long-term contracts with national mines, supplemented by local coal from major coal-producing regions such as Shanxi, Heilongjiang, Inner Mongolia, and Hebei [2]

Core Viewpoint - The company plans to acquire the equity and control of Advanced Packaging Materials International Limited through a significant asset swap, issuance of shares, and cash payment, while divesting 100% of Shanghai Zhizheng New Materials Co., Ltd. and raising supporting funds [1] Group 1 - The company received approval from the China Securities Regulatory Commission on September 5, 2025, for the issuance of shares to purchase assets and raise supporting funds [1] - The company is authorized to issue shares to multiple companies for the acquisition of related assets [1] - The company is allowed to raise supporting funds not exceeding 1 billion yuan [1]

Core Viewpoint - The company plans to acquire the equity and control of Advanced Packaging Materials International Co., Ltd. through a significant asset swap, issuance of shares, and cash payment, while divesting 100% equity of Shanghai Zhizheng New Materials Co., Ltd. and raising supporting funds [1] Group 1 - The company received approval from the China Securities Regulatory Commission on September 5, 2025, for the issuance of shares to purchase assets and raise supporting funds [1] - The company is authorized to issue shares to multiple companies for the acquisition of related assets [1] - The company is allowed to raise supporting funds not exceeding 1 billion yuan [1]