BSP(000761)2024-11-11 08:52Group 1: Company Overview - The company specializes in steel smelting, rolling processing, power generation, coal chemical industry, special steel bars, railway, import and export trade, scientific research, and product sales, establishing itself as a premium steel base with over 60 varieties and 7,500 specifications [1] - The proportion of high value-added and high-tech content products has reached 80% [1] Group 2: Pricing Mechanism - The pricing for iron ore purchased from the group is based on the average price of standard products at Qingdao Port, plus transportation costs to the plate company, with a 3% discount applied to the average index price for each iron content [1] - The company adjusts its pricing monthly, ensuring that it does not exceed the prices published in the SBB Steel Market Daily [1] Group 3: Convertible Bonds - The company has a two-year remaining period for its convertible bonds and will actively monitor the conversion situation while ensuring adequate funding arrangements for bond repayment [2] - The company's bank credit line is sufficient, and financing rates have gradually decreased following the restructuring [2]