BSGCO(SZ:000959)2025-08-26 09:30Group 1: Production and Sales Performance - The company's electrical steel production is expected to reach approximately 2.2 million tons this year, with a year-on-year growth of about 30% in the first half of the year [3] - High magnetic orientation electrical steel production increased by approximately 14%, while high-grade non-oriented electrical steel production grew by about 37%, with a 33% increase in production for new energy vehicle applications [3] - The sales price of automotive plates remained stable, contributing to improved profitability due to the industry's self-regulation against excessive competition [5][6] Group 2: Product Development and Market Strategy - The company launched two new oriented electrical steel products aimed at high-efficiency transformers, supporting the construction of energy-efficient and environmentally friendly power grids [3] - Significant progress was made in the medium-thick plate sector, with wind power steel production increasing by approximately 33% and pipeline steel production rising by about 67% [7] - The company is focusing on high-end product applications in new industries, including new energy vehicles and low-altitude economies, to enhance competitiveness [3] Group 3: Low-Carbon Initiatives - The steel industry is now included in the carbon emissions trading market, which poses short-term challenges but promotes long-term high-quality development [8] - The company has established a green manufacturing committee and a low-carbon management center, launching a series of low-carbon product standards [9] - The company aims to reduce carbon emissions by over 40% through existing long-process reduction techniques and plans to achieve over 70% reduction with a new electric furnace [9] Group 4: Electric Furnace Project - A new electric furnace is under construction to produce high-quality green low-carbon steel, expected to be operational in Q1 2026 [10] - Research is ongoing on nitrogen control technology and process simulation for the electric furnace to ensure quality and efficiency upon production commencement [11]