首钢股份：2023年年度报告（英文版）

BeijingShougangCompanyLimited 2023AnnualReport 18April2024 SectionI.Importantnotice,Content,Definitions Theboardofdirectors(the“Board”),thesupervisorycommittee,alldirectors,supervisorsandseniorexecutivesoftheCompanywarrantthattherearenofalserepresentations,misleadingstatementsormaterialomissionsinthisannualreport;andarejointlyandindividuallyresponsibleforthetruthfulness,accuracyandcompletenessoftheinformationcontainedinthisannualreport. ChairmanQiuYinfu,GeneralManagerSunMaolin,ChiefAccountantLiuTonghe,andAccountingOfficerGongJuanjuandeclarethattheyguaranteetheauthenticity,accuracy,andcompletenessofthefinancialreportsinthisyear'sreport. Alldirectorshaveattendedtheboardmeetingtoreviewthisreport. CertainrisksthatmayexisthavebeenelaboratedbytheCompanyinthisreport.PleaserefertoDiscussionandAnalysisofBusinessOperationsfordetails. Theprofitdistributionplanapprovedbytheboardofdirectorsisasfollows:basedon7,794,611,605,cashdividendsofRMB0.3(includingtax)willbedistributedtoallshareholdersforevery10shares,and0bonusshares(includingtax)willbeissuedandthereisnoconversionofreserveintosharecapital. CONTENTS SECTIONI.IMPORTANTNOTICE,CONTENT,DEFINITIONS2 SECTIONII.COMPANYPROFILEANDMAJORFINANCIALINDICATORS6 SECTIONIII.DISCUSSIONANDANALYSISOFBUSINESSOPERATIONS8 SECTIONIV.CORPORATEGOVERNANCE29 SECTIONV.ENVIRONMENTANDSOCIALRESPONSIBILITY46 SECTIONVI.SIGNIFICANTEVENTS52 SECTIONVII.MOVEMENTSINSHARECAPITALANDSHAREHOLDERS59 SECTIONVIII.PREFERREDSHARES65 SECTIONIX.BONDS66 SECTIONX.FINANCIALREPORT72 Filedirectoryforreference 1.AccountingstatementssignedandstampedbytheChairman,GeneralManager,ChiefAccountant,andHeadofAccountingInstitution. 2.Originalauditreportwiththesealoftheaccountingfirm,signatureandsealoftheCPA. 3.OriginalcopiesofallcompanydocumentsandannouncementspubliclydisclosedinnewspapersdesignatedbytheChinaSecuritiesRegulatoryCommissionduringthereportingperiod. 4.ThearticlesofassociationoftheCompany,etc. INTERPRETATION Items Refersto Contents CSRC Refersto ChinaSecuritiesRegulatoryCommission SZSE Refersto ShenzhenStockExchange Company,theCompany/thecompanyorShougangCo. Refersto BeijingShougangCompanyLimited ShougangorShougangGroup Refersto ShougangGroup(Reformingfromanenterpriseownedbythewholepeopletoexclusivelystate-ownedcompanies,nameofShougangGroupischangedfromShougangCorporation.Thespecificcontentisdetailedin15June2017publicannouncement.) ListingRulesofSZSE Refersto ListingRulesofShenzhenStockExchange TheArticlesofAssociation Refersto TheArticlesofAssociationofBeijingShougangCompanyLimited BoardofDirectorsortheBoard Refersto TheboardofdirectorsofBeijingShougangCompanyLimited SupervisoryCommittee Refersto ThesupervisorycommitteeofBeijingShougangCompanyLimited Shareholders’GeneralMeeting Refersto TheShareholders’GeneralMeetingofBeijingShougangCompanyLimited QiangangCo. Refersto ShougangQian'anIron&SteelCo.,Ltd.(BranchoftheCompany) Cold-RCo. Refersto BeijingShougangColdRollingCo.,Ltd.(HoldingsubsidiaryoftheCompany,theCompanyholds70.2806%) ZhixinCo. Refersto ShougangZhixinQian'anElectromagneticMaterialsCo.,Ltd.(HoldingsubsidiaryoftheCompany,theCompanyholds66.2310%) SteelTrading Refersto BeijingShougangSteelTradingInvestmentManagementCo.,Ltd.(Wholly-ownedsubsidiariesoftheCompany) QianshunBase Refersto TheintegratedproductionorganizationandproductresearchanddevelopmentsystemformedbyQiangangCo,locatedinQian-an,Hebeiprovince,andCold-RCo.,locatedinShunyiDistrict,Beijing. JingtangCo./JingtangBase. Refersto ShougangJingtangUnitedIron&SteelCo.,Ltd.(HoldingsubsidiaryoftheCompany,theCompanyholds70.1823%,SteelTradingCo.holds29.8177%) FirstReorganization,andPreviousMajorAssetsReorganization Refersto Sincetheshutdownofthemainprocessofironandsteelmanufacturinginlate2010,whichwasoperatedinShijingshanDistrict,Beijing,atransactionbetweentheCompanyandShougangcarriedout.Thetransactioneventwasannouncedas"RelatedPartyTransactionsbetweenBeijingShougangCo.,Ltd.andShougangCorporation-MajorAssetsSwapandAssetPurchasethroughIssueofShares".TheeventwasunconditionalapprovedbyChinaSecuritiesRegulatoryCommissionRestructuringCommitteeon16January2013.On29January2014,theCompanyreceivedtheapprovaldocument,named"TheApprovalofRelatedPartyTransactionsbetweenBeijingShougangCo.,Ltd.andShougangCorporation-MajorAssetsReorganizationandAssetPurchasethroughIssueofShares",whichwasissuedbyChinaSecuritiesRegulatoryCommission.On25April2014,thereorganizationwasaccomplished. SecondReorganization Refersto On23April2015,tradinginthesharesoftheCompanywassuspendedandthemajorassetsswaplaunched.Maincontentoftheswapis:100%shareholdingofGuizhouInvestmentCo.,Ltd.wasreplacedwith51%shareholdingofJingtangCo.,anyinsufficiencywaspaidincash.Thismajorassetsswapwasaccomplishedattheendof2015.On27April2016,re-electionoftheboardofdirectorsandamendmentofArticlesofAssociationofJingtangCo.wasaccomplishedandtheCompanywasqualifiedtoconsolidatethefinancialstatementsofJingtangCo.Thesecondswapwasthenaccomplished. EVI Refersto EarlyVendorInvolvementmeansinvolvingthedownstreamusersatearlystageofproductdev