BSP(SZ:000761)2022-12-05 01:20Group 1: Company Financing and Costs - The company’s non-public offering of shares was approved by the China Securities Regulatory Commission on June 13, 2017, but the written approval has not yet been received [2] - Approximately 50% of the iron concentrate is purchased from the parent company, with pricing based on a contract that considers the average import price from Brazil or Australia [3] - The company’s debt-to-asset ratio was 74.53% at the end of Q1 2017, a decrease of 0.98% from the beginning of the year [3] Group 2: Market Conditions and Strategic Measures - The continuous rise in the futures market indicates market confidence, which is expected to support the current steel prices [3] - The company plans to implement comprehensive cost reduction measures, including strict control of expenses and inventory reduction [4] - Future strategies include enhancing technological innovation and increasing the development of high-value-added products to improve product efficiency [4]