股票代码：600399 股票简称：抚顺特钢 编号：临 2026-015 抚顺特殊钢股份有限公司 2025 年度经营数据公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、准确性 和完整性承担个别及连带责任。 二〇二六年三月三十一日 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）》第二十二条的相关规定，抚顺特殊钢股份有限 公司现将 2025 年度主要经营数据公告如下： | 产品名称 | 经营指标 | 2025 年 | 2024 年 | 增减情况（%） | | --- | --- | --- | --- | --- | | 合金结构钢 | 产量（万吨） | 20.55 | 19.75 | 4.03 | | | 销量（万吨） | 20.69 | 20.54 | 0.72 | | | 平均售价（元/吨，不含税） | 10,636.79 | 12,951.07 | -17.87 | | 工具钢 | 产量（万吨） | 8.74 | 8.89 | -1.64 | | | 销量（万吨） | 8.85 | 9.06 | -2.2 ...

Core Viewpoint - Hebei Yongyang Special Steel Group is enhancing its operational efficiency and market competitiveness through strategic investments and government support in infrastructure projects [3][4][5] Group 1: Infrastructure Development - A cargo transfer yard covering 510 acres is under construction, with an investment of 650 million yuan, aimed at reducing transportation costs for raw materials like iron ore [3] - The project is expected to be operational by the end of October this year, featuring approximately 10 kilometers of track [3] - The local government has established a working group to assist with project approvals and environmental assessments, significantly accelerating the construction process [3][4] Group 2: Market Position and Product Development - Yongyang Special Steel has become the largest and most diverse producer of light and heavy rails in China, with a 75% market share in light rail products and over 60% in industrial heavy rails and crane tracks [4] - The company is facing increased market competition and aims to enhance product value by investing in high-quality alloy steel casting and forging projects in collaboration with Changxiang Special Steel Manufacturing [4][5] - The new project is expected to produce approximately 200,000 tons of special steel forgings annually, further strengthening the company's market position and fostering growth in related industries [5]

Group 1 - Fushun Special Steel Co., Ltd. experienced a stock price increase of 5.2%, reaching 6.68 CNY per share, with a trading volume of 233 million CNY and a turnover rate of 1.82%, resulting in a total market capitalization of 13.174 billion CNY [1] - The company, established on June 7, 1999, and listed on December 29, 2000, is located in Fushun City, Liaoning Province, and its main business includes steel smelting, steel rolling processing, metallurgical technology services, and industrial gas manufacturing and sales [1] - The revenue composition of Fushun Special Steel is as follows: alloy structural steel 27.18%, stainless steel 24.74%, tool steel 20.20%, high-temperature alloy 18.86%, and others 9.02% [1] Group 2 - Huaxia Fund has a fund that ranks among the top ten circulating shareholders of Fushun Special Steel, specifically the Huaxia CSI 1000 ETF (159845), which newly entered the top ten in the third quarter with 8.575 million shares, accounting for 0.43% of circulating shares [2] - The Huaxia CSI 1000 ETF has a latest scale of 49.908 billion CNY, with a year-to-date return of 4.95%, ranking 1616 out of 5562 in its category, and a one-year return of 38.01%, ranking 1760 out of 4285 [2] Group 3 - The fund manager of Huaxia CSI 1000 ETF is Zhao Zongting, who has been in the position for 8 years and 295 days, managing a total fund asset size of 356.966 billion CNY [3] - During Zhao Zongting's tenure, the best fund return achieved was 124.19%, while the worst return was -32.63% [3]

Group 1 - Fushun Special Steel Co., Ltd. experienced a decline of 5.14% in stock price, reaching 6.65 CNY per share, with a trading volume of 1.017 billion CNY and a turnover rate of 7.53%, resulting in a total market capitalization of 13.114 billion CNY [1] - The company, established on June 7, 1999, and listed on December 29, 2000, is located in Fushun City, Liaoning Province, and its main business includes steel smelting, steel rolling processing, metallurgical technology services, and the manufacturing and sales of industrial gases [1] - The revenue composition of the company is as follows: alloy structural steel 27.18%, stainless steel 24.74%, tool steel 20.20%, high-temperature alloy 18.86%, and others 9.02% [1] Group 2 - Huaxia Fund's Huaxia CSI 1000 ETF (159845) entered the top ten circulating shareholders of Fushun Special Steel in the third quarter, holding 8.575 million shares, which accounts for 0.43% of the circulating shares, with an estimated floating loss of approximately 3.087 million CNY [2] - The Huaxia CSI 1000 ETF was established on March 18, 2021, with a current scale of 45.469 billion CNY, and has achieved a year-to-date return of 8.51%, ranking 1461 out of 5531 in its category; over the past year, it has returned 44.46%, ranking 1693 out of 4215 [2] Group 3 - The fund manager of Huaxia CSI 1000 ETF is Zhao Zongting, who has a cumulative tenure of 8 years and 277 days, managing a total fund asset size of 355.865 billion CNY, with the best fund return during his tenure being 122.22% and the worst being -32.63% [3]

Core Viewpoint - The product quality supervision and inspection conducted by the Jin Tang branch of the Zhoushan Market Supervision Administration revealed a compliance rate of 90%, with 18 out of 20 batches passing the inspection [3]. Group 1: Inspection Results - A total of 20 batches were inspected, with 18 batches meeting the required standards and 2 batches failing, resulting in a compliance rate of 90% [3]. - The inspection was carried out in accordance with the Consumer Rights Protection Law, Product Quality Law, and relevant national mandatory standards [3]. Group 2: Specific Findings - The inspection included various products such as alloy steel, disposable paper cups, and fertilizers, with most items passing the inspection [4][5]. - Notable failures included a towel that did not meet fiber content and water absorption standards, and an electric kettle that failed on input power and grounding measures [5].

Core Viewpoint - Fushun Special Steel's stock price has experienced fluctuations, with a recent decline of 2.12% and a year-to-date drop of 4.36%, indicating potential challenges in the market [1][2]. Financial Performance - For the period from January to September 2025, Fushun Special Steel reported a revenue of 5.755 billion yuan, a year-on-year decrease of 10.56%, and a net profit attributable to shareholders of -549 million yuan, reflecting a significant decline of 274.01% [2]. - The company has cumulatively distributed 290 million yuan in dividends since its A-share listing, with 146 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, Fushun Special Steel had 94,000 shareholders, a decrease of 2.18% from the previous period, with an average of 20,983 circulating shares per shareholder, an increase of 2.23% [2]. - The top ten circulating shareholders include various ETFs, with notable changes in holdings, such as an increase in shares held by the Fortune CSI Military Industry Leader ETF and a decrease in shares held by the Hong Kong Central Clearing Limited [3]. Market Activity - The stock's trading activity shows a net outflow of 19.306 million yuan from main funds, with significant selling pressure compared to buying [1]. - Fushun Special Steel has appeared on the trading leaderboard once this year, with a net purchase of 247 million yuan on July 11, accounting for 32.67% of total trading volume on that day [1].

2025 年 1-9 月经营数据公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、准确性 和完整性承担个别及连带责任。 股票代码：600399 股票简称：抚顺特钢 编号：临 2025-054 抚顺特殊钢股份有限公司 | 产品名称 | 经营指标 | 2025 | 年 1-9 | 月 | 2024 年 | 1-9 月 | 增减情况（%） | | --- | --- | --- | --- | --- | --- | --- | --- | | 合金结构钢 | 产量（万吨） | | 14.96 | | 16.47 | | -9.17 | | | 销量（万吨） | | 14.62 | | 16.06 | | -8.97 | | | 平均售价（元/吨，不含税） | | 10,702.66 | | 13,519.33 | | -20.83 | | 工具钢 | 产量（万吨） | | 6.68 | | 6.45 | | 3.57 | | | 销量（万吨） | | 6.79 | | 6.60 | | 2.88 | | | 平均售价（元/吨，不含税） | | 1 ...

Group 1 - Fushun Special Steel Co., Ltd. experienced a stock price increase of 5.38%, reaching 5.48 CNY per share, with a trading volume of 66.69 million CNY and a turnover rate of 0.63%, resulting in a total market capitalization of 10.807 billion CNY [1] - The company, established on June 7, 1999, and listed on December 29, 2000, is located in Fushun City, Liaoning Province, and its main business includes steel smelting, steel rolling processing, metallurgical technology services, and the manufacturing and sales of industrial gases [1] - The revenue composition of the company is as follows: alloy structural steel 27.18%, stainless steel 24.74%, tool steel 20.20%, high-temperature alloy 18.86%, and others 9.02% [1] Group 2 - Qianhai Kaiyuan Fund's public utility stock fund (005669) is among the top ten circulating shareholders of Fushun Special Steel, holding 9.0015 million shares, which is unchanged from the previous period, representing 0.46% of the circulating shares [2] - The fund has achieved a year-to-date return of 33.71%, ranking 1326 out of 4218 in its category, and a one-year return of 30.96%, ranking 1434 out of 3869 [2] - Since its inception on March 23, 2018, the fund has generated a total return of 233.14% [2] Group 3 - The fund manager of Qianhai Kaiyuan Public Utility Stock Fund is Cui Chenlong, who has been in the position for 5 years and 96 days, managing a total fund size of 14.074 billion CNY [3] - During his tenure, the best fund return achieved was 210.44%, while the worst return was -22.5% [3]

Core Viewpoint - Fushun Special Steel's stock price has experienced a decline of 9.72% year-to-date, with significant net outflows of capital and a decrease in revenue and profit for the first half of 2025 [1][2]. Group 1: Stock Performance - As of October 16, Fushun Special Steel's stock price dropped by 2.06% to 5.22 CNY per share, with a trading volume of 95.87 million CNY and a turnover rate of 0.92% [1]. - The company has seen a year-to-date stock price decline of 9.72%, with a 2.43% drop over the last five trading days, 6.62% over the last 20 days, and 5.61% over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Fushun Special Steel reported a revenue of 3.823 billion CNY, a year-on-year decrease of 10.62%, and a net profit attributable to shareholders of -278 million CNY, a significant decline of 221.83% [2]. - The company has cumulatively distributed 290 million CNY in dividends since its A-share listing, with 146 million CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, Fushun Special Steel had 96,100 shareholders, a decrease of 4.48% from the previous period, with an average of 20,526 circulating shares per shareholder, an increase of 4.69% [2]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 33.89 million shares, and new entrants such as the Fortune China Securities Military Industry ETF [3].

Core Viewpoint - Fushun Special Steel's stock price has experienced a decline of 5.91% year-to-date, with a recent drop of 2.16% in the last five trading days, indicating potential challenges in the market [1][2]. Company Overview - Fushun Special Steel Co., Ltd. is located in Fushun City, Liaoning Province, and was established on June 7, 1999. It was listed on December 29, 2000. The company specializes in steel smelting, steel rolling processing, metallurgical technology services, and the manufacturing and sales of industrial gases [1]. - The main revenue composition of the company includes: alloy structural steel (27.18%), stainless steel (24.74%), tool steel (20.20%), high-temperature alloys (18.86%), and others (9.02%) [1]. Financial Performance - For the first half of 2025, Fushun Special Steel reported an operating income of 3.823 billion yuan, a year-on-year decrease of 10.62%. The net profit attributable to shareholders was -278 million yuan, reflecting a significant year-on-year decline of 221.83% [2]. - The company has cumulatively distributed 290 million yuan in dividends since its A-share listing, with 146 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders for Fushun Special Steel was 96,100, a decrease of 4.48% from the previous period. The average number of circulating shares per shareholder increased by 4.69% to 20,526 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 33.892 million shares (a decrease of 1.6341 million shares), and new entrants such as the Fortune China Securities Military Industry ETF [3].