鞍钢股份2025年度报告

2610183064116138149153154348349350352 2,028,817,6001,319,000,0001 890,000,000H1.63300,000,000A3.90285,505,40014,494,600285,505,40014,494,600 15AA453,985,697A 4.2929.7A100%365,932,985,697 Angang New Steel Company LimitedAngang Steel CompanyLimitedAngang New SteelAnsteel A102.5A1.5JTC1AA188,496,424JTC1113,097,855JTC1110,601,666A3.386110,601,666JTC1A3,989,901,910A1,053,083,787H890,000,000 102.2A1,106,022,15015.4228,240,496877,781,65415.9115.4H195,800,0007,234,807,847A4,867,680,330A1,281,327,517H1,085,800,000 18.5H 1032,170,442,3549,405,250,201A7,993,710,201H1,411,540,000 52,450,023A2020A52,041,400A35,620,320408,6239,369,221,258A7,957,681,258H1,411,540,000 . A000898H00347Angang Steel Company LimitedANSTEEL1140211997539620069114021http://www.ansteel.com.cnansteel@ansteel.com.cn . 0412–67368890412–84172730412–67511000412–67220930412–6727772lijingdong69@ansteel.com.cnzhangjunfeng@ansteel.com.cn . http://www.szse.cnhttp://www.cninfo.com.cnhttp://www.hkexnews.hkhttp://angang.wspr.com.hk . 20242023 . ✓ ✓ . ✓ 1 ✓ 1 –4,068–0.434–7,122–0.759 2025–4,06820252025 . 202530.542,409.572,514.562,371.830.85%1.17%1.07%2,384.320.45%100.53% 1. 3.09.67%+++2+3+1 2. 3275483930.50.22683252.020%AI4817AIAI42.6% 3. 6+N3.24.32 4. 6.5%1.9%6.3%909.5%12.314%7 5. A96691138933227297 . 2025 20259.614.4%8.363.0%14.463.1%8.297.1%2025(CSPI)93.199.28%(CRU)189.54.08%(62%Fe)102.376.46% 2025 202512420253266268259222025–20261024121220261 12025 2026 1345 2026 2026 1. ESG 2. 1232AI+ 3. IPD 4. 5. 202639.78 · . . 10% 1 ✓ . . ✓ . ✓ . 2025–4,06820252025 . [1993]045[2011]348H . 10% . 1 . 1 . 2 . 2 . 2 10% 20255% . 20257 282028 . 20252 2818314,180,048 . . 2025 . . . 202513.1313.19 . 19A.28B(2)(b)202512 31A30.96%H15.07%20251231 . 1.5,056,865,067AA2. . 14251252 . 202512 31 . 37274 . 41277 . 1,650 . 26265266 . 124135309328 5(1)-(3)14A . 202512 31 . 348 . 2025 . 2025202526265 . 202596,052-3,894-4,068 . 1. . 2.10% 1 ✓ . 3. 30% ✓ 4. . 5. 6. 7. . 8. (1) . 8. (1) . 8. (2) . 8. (2) . 8. (2) 10% 20255% . . . . . . . . ✓ . (1)1,7882,575 (2)-3,899172 ✓ -3,99334863,83045180--16-15--53-275 . 1. 202512 3114,737LPR2.18%19 . 2. 202512 311202412 311 3. 202512 311,0971,08314 16%8%16% . . . ✓ 202512 310.88202412310.94 . 202512 31918 202512 31 . . 2. (1) . 2. (1) . 2.(1) 1. 2. 3. 4. 5. 6. . 2. (1) (2) . ✓ . 10% . ✓ . 6202522X80ANTHICKANocean 6+N35%22%22.8%167AG728+022Cr17Ni12Mo2Q500qECR450 2025559404105735 . (IPD) +111232AIAI(DCMM)92.5% 95%135MWLNG112EPDCBAM 786,5002,300800 . 2026 . ✓ ✓ 1020252026 . 2026 1.2.3.4.5. . ✓ . 1 . . . . A 1. 202512 31XV352C3 2. ✓ 20252 11 620257 28 20257 28 20258 25 20258 25 620263 16 . 20253 123.09D 20257 283.09D 20257 283.09D 20259 193.09D . 1. 1990 2001 . 1. 1993 ·2004·· . 1. 2002 2000 1991 . 2. . 3. 4. . 1. 2. 20252024 . 2. 2025202420252024 . ✓ ✓ . . . . 20,5243,46623,99023,990– 17,3193804,0961371,122936 23,990 . +++++++++++202020252 28 . 20251,9052,65922,388100% . 20252025 . 1. 202011 262020202012312020202511202512 312025A . 1%243633%33%34%.60%1.12.2060120.60%1.12.206012072202112720251231 1. . 2. 2025 (2) 202412 30202420242024202020252 2818314,180,0489,383,401,3069,369,221,258 (3) . . 2. +++ . . . . 20263 31http://www.cninfo.com.cn90.6%74.65% . . . . . 202512 31 20263 31http://www.cninfo.com.cn ✓ ✓ . ✓ . . 202520263 31http://www.cninfo.com.cn . 202520251,65014352224.2 . 1,29542290783++1,919645CMG3060 . C1 C3 . 3.10(1)3.10(2) 3.13 1. 2025863 2. 1 2 3 . 2. 45678910111213141516 . 2. 12345 3. 2025442024–202620242025 . 3. 2025 123456 . 3. 789101112 4. 202549 . 2025 123456 . 4. 1 2 3 4 5. 202582022025 . 5. 2025 202512 31 123 . 5. 4 (1)(2)(3)(4)(5)(6)(7) 54) (1) . 5. (2)67891011121314 . 5. 15161718192021222312 . 5. 34567 6. 2025 A:B: . (1)(2)(3) (1)(2)(3)(4)(5)(6)(7)(8) . 3.2920252 1120211130 1. 2.5 . 3. 1% 5 1. 2025126057 . 2. 20257 2820252025(2024)51202571www.cninfo.com.cn20256 30 A.2.1 (1)(2)(3)(4)(5)C1 . 1. 2. 3. 57388 . 4. 4 5. 20252024 202512 314755%25 . 94 81 202523,9901,9348.06% . . . . . ✓ . ✓ . ✓ . . ✓ . ✓ 1. 20257 8 2. . ✓ . 500 202570 ✓ . ✓ . ✓ . ✓ . ✓ . ✓ . AA 20251 1-2025 12 31 . . . . 1.202410232025–2027202410 232025–2027 a.b.(i)(ii)c.202511202712 31d. 2.202410232025–2027202410 232025–2027 a.b.(i)(iv)c.202511202712 31d. . 3.202410 232025–202720241023 a.b.(i)(ii)(iii)(iv)c.202511202712 31d.(i)(ii)e. . 4.202410232025–202720241023 a.b.c.202511202712 31d.e. . . 1.“”“”20253 2829,400,000“”49%30,600,00051%20253 30 2.“”20253282013016060%40%LNGLNG2025330 . 202410 232025–2027“.” . (1)2025(2)2025(3)2025(4)2025 2025 (1) . (2)(3)(4) . 1. 202412 3020242025–20272025