2026 年第一次临时董事会会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 证券代码：600569 证券简称：安阳钢铁 编号：2026-001 安阳钢铁股份有限公司 一、董事会会议召开情况 安阳钢铁股份有限公司（以下简称公司）2026 年第一次临时董 事会会议于 2026 年 1 月 20 日以通讯方式召开，会议通知和材料已于 2026 年 1 月 15 日以通讯方式发出。会议应出席董事 9 名，实际出席 董事 9 名。本次会议由董事长程官江先生主持。会议的召开符合《公 司法》和《公司章程》的有关规定。 二、董事会会议审议情况 会议审议并通过以下议案： （一）关于控股子公司河南安钢周口钢铁有限责任公司开展保理 融资业务的议案 为满足公司控股子公司河南安钢周口钢铁有限责任公司（以下简 称周口公司）经营发展需要，拓宽融资渠道，周口公司拟向远宏商业 保理（天津）有限公司申请保理融资，融资金额不超过人民币 3 亿元， 期限不超过 1 年；拟向深圳前海联易融商业保理有限公司申请保理融 资，融资金额不超过人民币 0.5 ...

Group 1: Regulatory Actions - In 2025, the Trading Association imposed self-discipline penalties on 143 entities, focusing on five key areas including structured issuance and fundraising management [1] - The penalties included the first-time crackdown on issues such as low-price underwriting of financial bonds and violations related to rating agencies and fund misappropriation [1] - A total of 44 structured issuance institutions were penalized, and 32 institutions faced penalties for trading violations, including price manipulation and interest transfer [1] Group 2: Debt Financing Market - In 2025, the average issuance rate for PPN was 2.52%, down 43 basis points from 2024 [2] - The Trading Association facilitated the registration of 1.24 trillion yuan in targeted debt financing tools, with 1.1 trillion yuan issued, representing 14% of the overall market [2] Group 3: Monetary Policy - The People's Bank of China conducted a 7-day reverse repurchase operation of 158.3 billion yuan, with a net injection of 72.2 billion yuan [4] - The operation had a bidding amount and winning amount of 158.3 billion yuan, with an interest rate of 1.40% [4] Group 4: Bond Issuance Activities - China Pingmei Shenma Group issued 1 billion yuan in medium-term notes at an interest rate of 2.82%, with funds intended for debt repayment [8] - Anyang Steel plans to issue 400 million yuan in medium-term notes to supplement working capital, rated AA+ [9] - Zhengzhou Economic Development Capital Group completed the issuance of 650 million yuan in corporate bonds at a rate of 2.40%, aimed at repaying existing debts [10] Group 5: Market Developments - Shanghai Pudong Capital Investment Operation Co., Ltd. was established with a registered capital of 10 billion yuan, focusing on asset management and optimization of state-owned capital [14] - The Trading Association reduced the debt financing tool quota by 16.731 billion yuan across eight companies [16][17]

Market Performance - The steel sector saw an increase of 0.82% on January 19, with Nanjing Steel leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Individual Stock Performance - Nanjing Steel (600282) closed at 5.46, up 3.80% with a trading volume of 700,900 shares and a transaction value of 380 million yuan [1] - Other notable performers included: - Sijiang Steel (600808) at 4.13, up 3.77% with a transaction value of 622 million yuan [1] - Hualing Steel (000932) at 5.66, up 3.28% with a transaction value of 576 million yuan [1] - Benxi Steel (000761) at 3.30, up 3.12% with a transaction value of 51.21 million yuan [1] Capital Flow Analysis - The steel sector experienced a net outflow of 179 million yuan from main funds, while retail investors saw a net inflow of 176 million yuan [2] - Notable capital flows included: - Sijiang Steel had a main fund net inflow of 84.80 million yuan, but a retail net outflow of 76.47 million yuan [3] - Hualing Steel had a main fund net inflow of 40.99 million yuan, with a retail net inflow of 0.78 million yuan [3]

Core Viewpoint - Anyang Iron and Steel's stock price has shown fluctuations, with a recent decline of 2.16% and a total market value of 6.52 billion yuan, indicating a mixed performance in the market [1]. Financial Performance - For the period from January to September 2025, Anyang Iron and Steel reported operating revenue of 23.29 billion yuan, a year-on-year decrease of 3.64%, while net profit attributable to shareholders increased by 102.68% to 58.33 million yuan [2]. - The company has cumulatively distributed 2.555 billion yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 4.38% to 79,200, while the average circulating shares per person increased by 4.58% to 36,273 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder, holding 20.525 million shares, a decrease of 8.6414 million shares from the previous period [3].

Market Overview - On January 14, the general steel sector experienced a decline of 0.2% compared to the previous trading day, with Lingang Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] Individual Stock Performance - Hangang Co., Ltd. saw a significant increase in its stock price, closing at 65.6 with a rise of 8.12%, and a trading volume of 2.91 million shares, amounting to 2.772 billion yuan [1] - Other notable performers included Jiugang Hongxing, which rose by 3.74% to close at 1.94, and Xinxing Ductile Iron Pipes, which increased by 2.83% to close at 4.36 [1] - Conversely, Lingang Co., Ltd. closed at 2.11, down 2.76%, with a trading volume of 402,500 shares and a transaction value of 86.302 million yuan [2] Capital Flow Analysis - The general steel sector saw a net inflow of 278 million yuan from main funds, while retail investors experienced a net outflow of 227 million yuan [2] - The main funds showed significant net inflows in stocks like Hangang Co., Ltd. (495.1 million yuan) and Xinxing Ductile Iron Pipes (49.14 million yuan) [3] - Retail investors had notable outflows in stocks such as Hangang Co., Ltd. (-263 million yuan) and Xinxing Ductile Iron Pipes (-45.12 million yuan) [3]

Core Insights - The automotive axle industry in China is experiencing significant growth driven by increasing demand for vehicles, particularly SUVs, and advancements in automotive technology [1][11] - The market size of China's automotive axle industry is projected to reach 67.158 billion yuan in 2025, reflecting a year-on-year growth of 5.93% in 2024 [1][12] - The global automotive axle market is expected to grow to 49.526 billion USD by 2030, indicating a robust demand for high-performance axles [11] Industry Overview - Automotive axles, also known as vehicle axles, connect the wheels to the vehicle frame and are crucial for transmitting forces and maintaining vehicle stability [2][9] - The industry is categorized into light, heavy, and suspension axles, with light axles primarily serving passenger vehicles and heavy axles for commercial vehicles [2][4] Industry Development History - The axle industry began in the early 20th century, evolving from simple steel and chain constructions to advanced materials and manufacturing processes [4][5] - Significant advancements occurred in the 1980s in China, transitioning from reliance on foreign technology to independent research and development [5][6] Industry Value Chain - The upstream of the axle industry includes raw materials like high-strength steel and production equipment, while the midstream focuses on manufacturing, and the downstream encompasses various vehicle applications [7][8] Current Industry Status - The global automotive market is recovering post-pandemic, with production expected to reach 93.95 million units by 2024, which positively impacts the axle industry [10][11] - China's automotive production is projected to be 31.28 million units in 2024, with a notable increase in new energy vehicles [10][11] Competitive Landscape and Key Players - The global axle market is dominated by international giants like ZF, Bosch, and Cummins, while Chinese manufacturers focus on commercial vehicle axles [12] - Key players in China include Liaoning Shuguang Automotive Group, Dongfeng Dana Axle Company, and others, with a strong emphasis on technology and product development [12][13] Industry Trends - The future of the axle industry is leaning towards specialization, with customized solutions for different vehicle types and driving conditions [14] - Lightweight designs using advanced materials and integrated systems are becoming a priority to enhance vehicle efficiency and performance [15][16]

Market Performance - The steel sector saw an increase of 0.61% on December 29, with Nanjing Steel leading the gains [1] - The Shanghai Composite Index closed at 3965.28, up 0.04%, while the Shenzhen Component Index closed at 13537.1, down 0.49% [1] Individual Stock Performance - Nanjing Steel (600282) closed at 5.39, up 4.05% with a trading volume of 947,100 shares and a transaction value of 514 million [1] - Ling Steel (600231) closed at 2.20, up 3.29% with a trading volume of 406,500 shares [1] - Wujin Stainless Steel (603878) closed at 10.16, up 2.21% with a trading volume of 279,600 shares [1] - Baosteel (600019) closed at 7.44, up 1.22% with a trading volume of 1,285,400 shares [1] - Other notable performances include Hangang (600126) up 0.99% and Xinguang Steel (600782) up 0.77% [1] Capital Flow Analysis - The steel sector experienced a net outflow of 125 million from main funds, while retail investors saw a net inflow of 102 million [2] - Speculative funds had a net inflow of 22.98 million [2] Detailed Capital Flow for Selected Stocks - Nanjing Steel (600282) had a main fund net outflow of 31.31 million, with retail investors contributing a net outflow of 41.04 million [3] - Shougang (000959) saw a main fund net inflow of 14.06 million, while retail investors had a net outflow of 11.25 million [3] - New Steel Pipe (000778) had a main fund net inflow of 7.50 million, with a retail net outflow of 8.54 million [3] - Ansteel (000898) reported a main fund net inflow of 5.83 million, while retail investors had a net outflow of 6.39 million [3]

Market Performance - The steel sector saw an increase of 1.07% on December 26, with Baosteel leading the gains [1] - The Shanghai Composite Index closed at 3963.68, up 0.1%, while the Shenzhen Component Index closed at 13603.89, up 0.54% [1] Individual Stock Performance - Baosteel shares closed at 7.35, up 2.37%, with a trading volume of 967,500 shares and a transaction value of 705 million yuan [1] - Other notable performers included Jiugang Hongxing, which rose by 1.79% to 1.71, and Hualing Steel, which increased by 1.62% to 5.65 [1] - Conversely, Maanshan Steel saw a decline of 0.71% to 4.22, with a trading volume of 792,500 shares [2] Capital Flow Analysis - The steel sector experienced a net outflow of 156 million yuan from institutional investors and retail investors, while retail investors saw a net inflow of 312 million yuan [2] - Baosteel had a net inflow of 10 million yuan from institutional investors, but a net outflow of 48.7 million yuan from speculative funds [3] - The overall capital flow indicates a mixed sentiment among different investor types within the steel sector [2][3]

Group 1 - The company held its 19th temporary board meeting on December 23, 2025, with all 9 directors present, and the meeting complied with relevant laws and regulations [2][3] - The board approved a proposal for the company to provide a guarantee for its subsidiary, Henan Angang Zhoukou Steel Co., Ltd., for a bank credit of up to RMB 500 million, with a term not exceeding 1 year [3][11] - The board also approved a financing lease proposal for the subsidiary to lease equipment from Shanghai Dingyi Financing Leasing Co., Ltd. for an amount not exceeding RMB 9 million, with a term of 3 years [6][27] Group 2 - The total amount of guarantees provided by the company to the subsidiary reached RMB 35,246.313 million, excluding the new guarantee [12][23] - The company has no overdue guarantees as of the announcement date [24] - The board believes that the guarantee is necessary and reasonable, as the subsidiary has a stable operation and good credit status [21][22] Group 3 - The financing lease transaction is classified as a related party transaction but does not constitute a major asset restructuring [27] - The company has conducted related party transactions with Shanghai Dingyi Financing Leasing Co., Ltd. amounting to RMB 97 million in the past 12 months, excluding the current transaction [34] - The independent directors reviewed and approved the related party transaction, ensuring it does not harm the interests of the company or its shareholders [31][32]

Group 1 - The company, Anyang Iron & Steel (600569.SH), plans to sell its entire 78.1372% stake in Anyang Steel Group Yongtong Ductile Iron Pipe Co., Ltd. and 100% stake in Anyang Yuhe Yongtong Pellet Co., Ltd. to its controlling shareholder, Anyang Iron & Steel Group Co., Ltd. for a total cash consideration of RMB 836.6504 million [1] - Upon completion of this transaction, the company will no longer hold any equity in Yongtong and Yuhe companies [1] - As of the announcement date, the company has received the full payment of RMB 836.6504 million for the equity transfer, marking the completion of this related party transaction [1]