BSP(000761)2025-02-21 08:08Group 1: Asset Exchange and Valuation - The asset exchange between Benxi Steel and Benxi Mining will be based on assessed values, with both parties negotiating under principles of voluntariness, equality, and fairness [1] - The impact of the asset exchange on the company's financial structure and profitability is currently indeterminate, pending further discussions and confirmations [1] Group 2: Inventory Management and Cost Control - The company maintains a low inventory strategy for raw materials, focusing on demand-based procurement while monitoring iron ore price fluctuations [1] - Collaboration with other domestic steel companies aims to stabilize the prices of major commodities like iron ore [1] Group 3: Environmental Challenges and Responses - The company faces increased environmental challenges due to stricter regulations under national carbon neutrality goals, leading to higher operational costs for pollution control [2] - Measures taken include establishing a green low-carbon production system, enhancing energy efficiency, and improving pollution management [2] Group 4: Convertible Bonds - The company's convertible bonds are significantly influenced by market conditions, with a current high conversion premium [2] - The company is actively monitoring the conversion situation and preparing for related bond repayment arrangements [2]