BSP(SZ:000761)2025-09-17 08:56Group 1: Major Asset Restructuring - The company is currently evaluating the feasibility and compliance of the major asset restructuring plan disclosed in June 2023, which may significantly increase the proportion of related party sales and impact independent operations [1] Group 2: Capital Expenditure Plans - For 2025, the company plans to allocate an investment of 1.36 billion CNY, focusing on projects such as ultra-low emissions in the coke oven system, quality enhancement in the hot rolling mill, and the restoration of cooling and auxiliary equipment in the new blast furnace [1] Group 3: Production Strategy and Market Response - The company aims to respond to the "anti-involution" initiative by rationally arranging production based on market orientation, emphasizing stable operations, risk prevention, quality improvement, structural optimization, transformation promotion, and efficiency enhancement [1] - The company adheres to the principle of optimal user structure and production mode to drive extreme production [2] Group 4: Raw Material Procurement - Approximately 50%-60% of iron ore raw materials are procured from the group, while coking coal and coke are primarily sourced from long-term contracts with national mines, supplemented by local coal from major coal-producing regions such as Shanxi, Heilongjiang, Inner Mongolia, and Hebei [2]