BSP(SZ:000761)2025-11-18 07:38Group 1: Major Asset Restructuring - The company disclosed a major asset restructuring plan in June 2023, which may significantly increase the proportion of related sales and impact its independent operational capabilities [2] - The feasibility and compliance of the restructuring plan are under further careful evaluation, with uncertainties remaining [2] - The company will fulfill its information disclosure obligations based on the progress of related matters [2] Group 2: Convertible Bonds and Financial Management - The company plans to enhance its market value management and improve profitability through cost reduction and efficiency enhancement [2] - It aims to prepare for the maturity of its convertible bonds by expanding financing channels [2] Group 3: Industry Competition and Restructuring - The restructuring of the controlling shareholder, Benxi Steel Group, is linked to addressing industry competition with Angang Group [2] - Angang Group has committed to resolving competition issues within five years through asset restructuring and business adjustments [2] - The ongoing major asset restructuring is viewed as the first step in addressing industry competition [2]