本钢板Ｂ：2025年年度报告（英文版）

Annual Report 2025 2025 Annual Report Ⅰ. Important Notice, Table of Contents, and Definitions TheBoard of Directors,the Supervisory Board,and all Directors,Supervisors,and SeniorManagement of the Company ensure the authenticity, accuracy, and completeness of this annualreport and confirm that there are no false records, misleading statements, or material omissions.They assume individual and joint legal responsibility for the report. Huang Zuowei, the person in charge of the company, Liu Tiecheng, the person in charge ofaccounting work, and E Jianan, the person in charge of the accounting organization (accountingofficer), hereby confirm that the financial report in this annual report is true, accurate and complete.All directors have attended the board meeting for reviewing this report. This report involves forward-looking statements such as future plans, which do not constitute asubstantial commitment of the company to investors. Investors are advised to pay attention toinvestment risks. This report is prepared in Chinese and English respectively. In the event ofdiscrepancies in the interpretation of Chinese and foreign texts, the Chinese version shall prevail. The Company has described the existing risks and countermeasures in detail in this report, pleaserefer to the content of Section 3-11 "Risks Faced by the Company and Countermeasures". "ChinaSecurities Journal", "Securities Times", "Hong Kong Commercial Daily" and Juchao InformationNetwork (www.cninfo.com.cn) are selected as the company's information disclosure media. Allinformation of the company is subject to the information published in the above-mentioneddesignated media. Investors are kindly advised to pay attention to investment risks. The Company plans not to pay cash dividends, issue bonus shares, or convert capital reserves intoshare capital. As of the end of the reporting period, the parent company had unrecovered losses: Applicable□Not applicable The net profit of the parent company in 2025 was RMB -4,085,561,948.08 yuan, and the cumulativeundistributed profit as of the end of 2025 was negative. Table of Contents Ⅰ. Important Notice, Table of Contents, and Definitions......................................................................2Ⅱ. Company Profile and Main Financial Index....................................................................................6III. Management Discussion and Analysis.........................................................................................10IV. Corporate Governance, Environment and Society.......................................................................39V. Important Events........................................................................................................................... 62VI. Status of Share Capital Changes and Shareholders....................................................................106VII. Status of Bonds......................................................................................................................... 115VIII. Financial Report...................................................................................................................... 120 Reference File Directory 1.Financial statements containing the signatures and seals of legal representative, chief financialofficer, and chief accountant;2.Original audit report stamped by the accounting firm and signed and stamped by certified publicaccountants;3.The originals of all company documents and announcements publicly disclosed during thereporting period;4.Annual reports published in other securities markets. Definition Ⅱ. Company Profile and Main Financial Index I. Company Information II. Contact Information III. Information Disclosure and Place for Consulting IV. Change of Business Registration V. Other Information The information of accounting Firm engaged by the Company: □ApplicableNot applicable Financial advisor responsible for ongoing supervision during the reporting period □ApplicableNot applicable VI. Key accounting data and financial indicators Whether the Company needs to retrospectively adjust or restate the accounting data of previous years□YesNo In the most recent three accounting years, the lower of the net profit before and after deducting non-recurring gains and losses hasbeen negative, and the audit report for the most recent year indicates uncertainty regarding the company's ability to continue as agoing concern □YesNo The lower of the net profit before and after deducting non-recurring gains and losses is negative Yes□No VII. Differences between CAS and IFRS 1. Differences of net profit and net assets disclosed in financial reports prepared under IFRS and Chineseaccounting standards. □ApplicableNot applicable There are no differences of net profit and net assets disclosed in financial reports prepared under IFRS and Chinese accountingstandards during the reporting period. 2. Differences of net profit and net assets d