BSGCO(000959)2025-02-13 00:50Group 1: Capital Expenditure and Dividends - The company plans a fixed asset investment of CNY 4.123 billion for 2024, approximately 50% of its depreciation and amortization amount [1] - Future investments will focus on strategic product upgrades, intelligent manufacturing projects, and energy-saving transformations for green low-carbon development [1] - The company aims to increase cash dividend frequency when conditions permit, considering factors like funding needs and undistributed profits [1] Group 2: Mergers and Acquisitions - The controlling shareholder, Shougang Group, has committed to using Shougang Co. as the sole platform for the development and integration of steel and upstream iron ore resources in China [1] - The company will actively coordinate with its controlling shareholder to enhance performance through industry chain integration [1] Group 3: Environmental Investments - The company has achieved full-process ultra-low emissions, becoming the first steel enterprise to do so [2] - It has completed major environmental modification investments and will focus on ensuring the stable operation of environmental protection equipment in the future [2] - The company has assisted over 60 steel enterprises in improving their environmental performance through advanced technology and management experience [2] Group 4: Depreciation Costs - The company’s depreciation expenses are higher than the industry average due to the establishment of new steel plants and high-end product positioning [2] - The depreciation level is expected to decrease in the future as some metallurgical equipment reaches its depreciation period [2]