首钢股份：北京首钢股份有限公司2025年年度报告(英文版)

16April2026 2025AnnualReport SECTIONI.IMPORTANTNOTICE,CONTENT,DEFINITIONS TheBoardofDirectors(the“Board”),alldirectors,andseniorexecutivesoftheCompany warrant that there are no false representations,misleadingstatements,ormaterialomissionsinthisannualreport;andarejointlyandindividuallyresponsibleforthetruthfulness,accuracyandcompletenessoftheinformationcontainedinthisannualreport. ChairmanZhuGuosen,GeneralManagerSunMaolin,ChiefAccountantLiuTonghe,andAccountingOfficerCuiXiumeideclarethattheyguaranteetheauthenticity,accuracy,andcompletenessofthefinancialreportsinthisyear'sreport. WhetheranydirectorsfailedtoattendtheBoardmeetingconvenedtodeliberateontheannualreportinperson YES□NO CertainrisksthatmayexisthavebeenelaboratedbytheCompanyinthisreport.PleaserefertoDiscussionandAnalysisofBusinessOperationsfordetails. Theprofitdistributionplanapprovedbytheboardofdirectorsisasfollows:basedon 7,754,967,370,cash dividends of RMB 0.4(including tax)will bedistributedtoallshareholdersforevery10shares,and0bonusshares(includingtax)willbeissued,andthereisnoconversionofreserveintosharecapital. CONTENTS SECTIONI.IMPORTANTNOTICE,CONTENT,DEFINITIONS........................................................................................2SECTIONII.COMPANYPROFILEANDMAJORFINANCIALINDICATORS..................................................................12SECTIONIII.DISCUSSIONANDANALYSISOFBUSINESSOPERATIONS....................................................................15SECTIONIV:CORPORATEGOVERNANCE,ENVIRONMENTANDSOCIETY...............................................................39 Filedirectoryforreference 1.AccountingstatementssignedandstampedbytheChairman,GeneralManager,ChiefAccountant,andHeadofAccountingInstitution. 2.Originalauditreportwiththesealoftheaccountingfirm,signatureandsealoftheCPA. 3.OriginalcopiesofallcompanydocumentsandannouncementspubliclydisclosedinnewspapersdesignatedbytheChinaSecuritiesRegulatoryCommissionduringthereportingperiod. 4.“TheArticlesofAssociationofBeijingShougangCo.,Ltd.”,etc. Interpretation SECTIONII.COMPANYPROFILEANDMAJORFINANCIALINDICATORS V.Otherrelevantinformation AccountingfirmengagedbytheCompany FinancialconsultantengagedbytheCompanyforperformingcontinuoussupervisiondutiesinreportingperiod□Applicable√Non-applicable VI.Majoraccountingdataandfinancialindicators WhethertheCompanyhasretroactiveadjustmentorre-statementonpreviousaccountingdataornot√YES□NO Businesscombinationsinvolvingentitiesundercommoncontrol □YES√NO TheloweroftheCompany’sauditedtotalprofit,netprofit,andnetprofitafterdeductingnon-recurringgainsandlossesduringthereportingperiodwasnegative. □YES√NO VII.DifferenceofaccountingdataunderaccountingrulesinandoutofChina1.DifferencesofnetprofitandnetassetsinfinancialstatementsdisclosedaccordingtoInternationalFinancialReportingStandardsandChineseAccountingStandards □Applicable√Non-applicable ThereisnodifferencebetweenthenetprofitandnetassetsinthefinancialstatementsdisclosedinaccordancewithInternationalFinancialReportingStandardsandChineseAccountingStandardsduringthereportingperiodoftheCompany. 2.DifferenceofnetprofitandnetassetsinfinancialstatementsdisclosedaccordingtoforeignaccountingstandardsandChineseAccountingStandards □Applicable√Non-applicable ThereisnodifferencebetweenthenetprofitandnetassetsinthefinancialstatementsdisclosedinaccordancewithforeignaccountingstandardsandChineseAccountingStandardsduringthereportingperiodoftheCompany. VIII.Majorfinancialindicatorsbyquarterin2025 Unit:RMBYuan □YES√NO IX.Itemsandamountsofnon-recurringprofitandloss √Applicable□Non-applicable Unit:RMBYuan □Applicable√Non-applicable Duringthereportingperiod,thereisnootheritemthatmeetthedefinitionofexceptionalgain/loss. Duringthereportingperiod,thereisnonon-recurringprofitandlossitemdefinedandlistedin"ExplanatoryAnnouncementNo.1ofInformationDisclosureofCompaniesofferingsecuritiestothepublicnon-recurringprofitandloss"asrecurringprofitandlossitems. SECTIONIII.DISCUSSIONANDANALYSISOFBUSINESSOPERATIONS I.MainbusinessoftheCompanyduringthereportingperiodTheCompany is firmly adhering to the strategic determination of"green manufacturing,intelligent manufacturing,boutiquemanufacturing,leanmanufacturing,andprecisionservices",adherestoinnovation-driven,andpromotestechnologicalinnovationtobecometheCompany'sprimarycompetitiveness,andstrivestobecomeagloballycompetitiveandinfluentiallistedironandsteelcompany.Adheretocreate“manufacturing+service”competitiveadvantage,continuouslyoptimizingproductstructure,productionlinestructure,andcustomerstructure,andcontinuouslypromotinghigh-endproductresearchanddevelopmentwithafocusonelectricalsteel,automotivepanels,andtin-plated(chromium-plated)plates,andmediumandheavyplates,therebyensuringthesupplyofindependentmaterialsandtheguaranteeofindependenttechnologiesformajorprojectsrelatedtonationaleconomyandpeople'slivelihood.TheCompany'smainbusinessistheproductionandsaleofsteelproductsandsoftmagneticmetallic materials(electricalsteel).Itsmain