实干笃行求突破 （来源：马钢家园） 守正创新谋改革 运营改善部部长 郭斐 马钢"四会"吹响了"深入贯彻'三新'要求、全力打造'三个平台'"的改革号角。这是立足马钢发展实际、顺应行业变革趋势的科学谋划，既破解了"新阶段往 哪走、新战略怎么干、新模式如何建"的核心命题，也为运营改善部明确了职能定位与工作方向。 通过认真学习领会，我们深刻认识到，"新阶段"的核心特征是主业重构与责任重塑，"新战略"的核心任务是深化改革与加快发展，"新模式"的核心内涵是 差异化管控与精准化服务。"三个平台"的战略定位则构建了马钢未来发展的"四梁八柱"：存续业务控股参股平台筑牢发展根基，宝武马鞍山钢铁基地服务 保障平台彰显功能价值，新兴产业孵化培育平台激活未来动能。 运营改善部将切实把会议精神转化为推动公司高质量发展的实际行动，既要当好改革攻坚的"施工队"，牵头推动重大改革任务落地；也要当好管理提升 的"智囊团"，通过系统优化提升运营效能；更要当好协同联动的"枢纽站"，构建"改革推进+合规保障+风险防控"的闭环体系，在践行"三新"要求、弘 扬"三创精神"的实践中彰显担当、贡献力量。 一、实干笃行显成效：以统筹之力推进深化改革系统工程 2 ...

眼下正是A股上市公司年报和ESG报告的编制期，随着钢铁行业正式纳入全国碳市场，部分钢企开启了ESG碳排放信披的"双重监管"。 约232家钢企作为重点排放单位，须在3月31日前向省级生态环境部门报送2025年度温室气体排放报告。紧随其后的4月30日，A股ESG强信披上市公司中有6 家钢企需要按交易所规定披露2025年ESG报告。 这6家上市钢企分别是宝钢股份、包钢股份、鞍钢股份、马钢股份、重庆钢铁、中信特钢。截至2月24日，6家钢企的2024年ESG报告已全部披露，就待2025 年ESG报告出炉。21世纪经济报道记者根据2024年ESG报告和年报整理后发现，6家钢企中鞍钢股份、包钢股份仍未披露2024年度碳排放总量。 距离我国实现2030年前碳达峰还有不到4年的时间，钢企纷纷冲刺减排技术改造。然而21世纪经济报道记者统计后发现，6家上市钢企2024年环保总投入同比 下降约16%，总计为246.54亿元，除马钢股份外的5家钢企均缩减资金投入，降幅从7%到40%不等。 鞍钢、包钢未披露2024年碳排放 温室气体排放是ESG环境维度的重要议题之一，碳排放总量、范围1和范围2排放量是沪深北交易所《上市公司可持续发展报告 ...

关联内容 全国碳市场首次扩围的三大行业碳排"家底"几何？ 眼下正是A股上市公司年报和ESG报告的编制期，随着钢铁行业正式纳入全国碳市场，部分钢企开启了ESG碳排放信披的"双重监管"。 约232家钢企作为重点排放单位，须在3月31日前向省级生态环境部门报送2025年度温室气体排放报告。紧随其后的4月30日，A股ESG强信披上市公司中有6 家钢企需要按交易所规定披露2025年ESG报告。 这6家上市钢企分别是宝钢股份（600019）、包钢股份（600010）、鞍钢股份（000898）、马钢股份（600808）、重庆钢铁（601005）、中信特钢 （000708）。截至2月24日，6家钢企的2024年ESG报告已全部披露，就待2025年ESG报告出炉。21世纪经济报道记者根据2024年ESG报告和年报整理后发 现，6家钢企中鞍钢股份、包钢股份仍未披露2024年度碳排放总量。 距离我国实现2030年前碳达峰还有不到4年的时间，钢企纷纷冲刺减排技术改造。然而21世纪经济报道记者统计后发现，6家上市钢企2024年环保总投入同比 下降约16%，总计为246.54亿元，除马钢股份外的5家钢企均缩减资金投入，降幅从7%到40% ...

（来源：马钢家园） 聚焦能力建设 服务创造价值 2月12日上午，马钢保卫部（武装部）召开九届二次职工代表大会，回顾总结2025年各项工作，分析当前形势，部署落实2026年目标任务。马钢集团、马 钢股份党委副书记、纪委书记、工会主席唐琪明出席会议并讲话。 2025年，面对严峻经营形势，和菱实业公司以"提升服务创造价值、增强能力保障生存"为目标，以落实商业计划书为主线，克服诸多困难和挑战，聚焦算 账经营和价值创造，强化精益运营和协同服务，持续提升保产运维效能和服务质量，着力改善经营绩效，全力以赴助力马钢有限安全高效有序生产，保持 了生产运营安全平稳有序，圆满地完成全年经营目标任务。 2026年是和菱实业公司转型发展、变革突破的关键一年。该公司将认真贯彻落实马钢集团弘扬"三创精神"，打造"三个平台"的决策部署，围绕打造钢铁包 装和行车运维专业化公司目标，以塑造服务新动能、锻造竞争新优势为工作主题，持续推进价值创造、算账经营、协同创效、业务拓展，重点做好八个方 面工作。一是打破惯性思维，推动经营转变。二是聚焦风险防控，严守安全红线。三是深化算账经营，协同价值创造。四是加强协同支撑，高效保产运 维。五是聚焦设备管理，提 ...

为保障改革试点平稳运行，江苏税务、水利等部门联合开展摸底调研，建立全省水资源税纳税人清册， 做到"税源清、底数明"。江苏省税务局资源和环境税处处长汪义娟介绍，税务部门与水利部门定期开展 数据交换，累计交换取水许可证、水资源税税源信息等数据36万余项，实现取用水信息线上共享全覆 盖。 "我们公司的取水口分布在姑苏、吴中、高新、工业园区等多个区。在费改税刚落地时，难题就来了： 按取水口位置办理登记，应该如何进行申报、开票？"苏州市自来水有限公司财务负责人陈东升说，"在 了解到这一情况后，税务部门及时为我们做了政策讲解、流程演示，原来觉得复杂的环节，一步步跟着 做下来，也不觉得麻烦了。" 原标题：改革试点以来全省水资源税收入超24亿元 绿色税收杠杆效应显现 长江横穿东西、大运河纵贯南北，全域2000多条河流纵横交织，水域面积占比达16.9%、居全国之首。 水是江苏最大特色，也是重要的资源优势。全面实施水资源税改革试点，是党的二十届三中全会后首项 落地实施的税制改革任务。自2024年12月1日"费改税"正式实施以来，全省水资源税收入达24.49亿元， 实现征管质效与取用水绿色成效的双提升。 改革落地，从"费"到"税" ...

关联交易情况 2025年业绩预告明确指出，部分参股公司经营业绩下滑，对净利润产生负面冲击。尽管公司自身经营性 利润改善，但参股亏损导致归属母公司净利润仍预亏1.9亿至2.5亿元。 经济观察网 马鞍山钢铁股份（600808/00323.HK）持续亏损主要受行业周期性下行、内部转型阵痛及外 部参股拖累等多重因素影响。 行业政策与环境 2025年，钢铁行业延续"供需双弱"格局，钢材价格承压震荡，同时原燃料成本波动频繁，导致钢企普遍 面临经营压力。尽管公司通过成本控制及产品结构优化使2025年利润总额转正（预计1.2亿至1.8亿 元），但主营钢铁业务的盈利空间仍被压缩。 业务与技术发展 公司处于"转型发展阶段"，需投入资源推进机构改革、产线优化及高端产品研发（如高铁车轮、特钢 等），短期内带来额外成本。2025年上半年，公司通过协同宝钢股份实现部分单元增效，但整体运营效 率仍受生产稳定性不足、产能利用率偏低等因素制约。 目前经营状况 对比2024年巨亏46.59亿元，2025年预计减亏超44亿元，反映公司核心业务已显著改善。但转型期阵痛 及外部投资效益问题尚未完全消化，导致连续亏损。 以上内容基于公开资料整理，不构成 ...

Core Viewpoint - The company has successfully transformed its production line from furnace-rolling to direct-rolling, achieving significant efficiency improvements and cost savings in steel production [2][4]. Group 1: Production Efficiency - The new direct-rolling production line can process steel from slab to finished product in just 34 seconds, showcasing high efficiency [2][9]. - The transformation from furnace-rolling to direct-rolling eliminates the heating furnace process, reducing gas consumption and preventing slab burn loss, saving over 150 yuan per slab [2][9]. - The overall rolling line speed has increased by approximately 2 meters per second, now stabilizing at 12.5 meters per second [2][10]. Group 2: Technological and Operational Improvements - Continuous optimization of die design and rolling processes has led to a significant reduction in changeover times, with slot and die change times now controlled within 15 minutes and 60 minutes, respectively [2][10]. - Close collaboration between steelmaking and continuous casting processes has minimized waiting times for slabs, enhancing production flow [10]. Group 3: Employee Engagement and Performance - The company implements a performance-oriented approach where value creators share in the value, fostering employee motivation through a piece-rate compensation system and internal market simulations [10]. - The company aims to reduce rolling costs by an additional 20 yuan per ton this year, emphasizing a commitment to lean management and continuous improvement [4][10].

Core Viewpoint - The company aims to enhance service quality and drive development through a "Six Hearts" empowerment strategy, focusing on becoming a reliable supplier for its main business [3][7]. Group 1: Company Performance and Goals - In 2025, the company achieved dual breakthroughs in revenue scale and operational efficiency, with significant progress in business structure optimization and transformation [3][7]. - The year 2026 is identified as a critical year for deepening reforms, improving quality, and promoting high-quality transformation, with a commitment to implement the directives from the parent group [3][7]. Group 2: Strategic Focus and Initiatives - The company emphasizes the importance of a service philosophy characterized by "careful, attentive, and meticulous" approaches to ensure the main business is "reassured, worry-free, and confident" [3][7]. - There is a strong focus on enhancing service value creation and strengthening capabilities to ensure survival in a competitive market [4][5]. Group 3: Organizational Changes and Development - The company is advancing a simulated departmental reform to establish a "Ma Steel Administrative Logistics" brand, transitioning from a traditional "cost center" to a modern "value creation center" [4][8]. - Key initiatives include the construction of a smart logistics system, implementation of brand service standards, and optimization of standardized service processes [5][9].

Core Viewpoint - The stock price of Maanshan Iron & Steel Co., Ltd. has shown a fluctuating trend over the past week, with a range of -0.98% and a volatility of 3.93% [1] Company Summary - The latest stock price is 4.03 yuan, with a daily increase of 0.75%, underperforming the steel sector but slightly outperforming the broader market [1] - Institutional views on Maanshan Iron & Steel's medium to long-term fundamentals are moderately optimistic, with expectations of a turnaround in net profit by 2025 and a projected year-on-year growth rate of 1244.93% in 2026, driven by supply-side adjustments and demand improvements [2] - The current comprehensive target price set by institutions is 3.93 yuan, indicating limited upside potential from the latest price, and the fund holding ratio is only 0.11% [2] Industry Summary - Recent policies in the steel industry have released positive signals, with the National Development and Reform Commission indicating plans to formulate a strategy for expanding domestic demand from 2026 to 2030, which may boost steel demand in the medium to long term [3] - Industry data shows a 5.6% month-on-month increase in social steel inventory and a 5.1% decrease in apparent consumption, indicating ongoing short-term supply and demand pressures [3] - Steel pipe companies are expected to benefit from energy investments despite the current supply-demand challenges [3]

Market Performance - The steel sector declined by 3.02% this week, underperforming the broader market, with sub-sectors such as special steel down 2.10%, long products down 1.88%, and flat products down 3.84% [2][5] - Iron ore and steel consumables sectors also saw declines of 1.74% and 3.02% respectively, while the trade circulation sector fell by 4.006% [2][5] Supply Situation - As of February 6, the capacity utilization rate of blast furnaces in sample steel enterprises was 85.7%, an increase of 0.22 percentage points week-on-week [2] - Electric furnace capacity utilization was at 48.1%, a decrease of 7.59 percentage points week-on-week [2] - The production of five major steel products was 7.208 million tons, a week-on-week decrease of 15,500 tons [2] - Daily average pig iron production was 2.2858 million tons, an increase of 6,000 tons week-on-week and 1,400 tons year-on-year [5] Demand Situation - The consumption of five major steel products was 7.607 million tons, a week-on-week decrease of 410,800 tons, or 5.12% [2] - Mainstream traders' sales volume of construction steel was 35,000 tons, down 32,500 tons week-on-week, representing a 48.24% decline [2] Inventory Situation - As of February 6, social inventory of five major steel products was 9.404 million tons, an increase of 496,800 tons week-on-week, or 5.58%, but down 18.04% year-on-year [3][5] - Factory inventory of five major steel products was 3.973 million tons, an increase of 95,600 tons week-on-week, or 2.47%, and down 24.13% year-on-year [3][5] Steel Prices & Profits - As of February 6, the comprehensive index for ordinary steel was 3,414.2 yuan/ton, a week-on-week decrease of 13.31 yuan/ton, or 0.39%, and down 5.51% year-on-year [3] - The comprehensive index for special steel was 6,582.0 yuan/ton, a week-on-week decrease of 2.28 yuan/ton, or 0.03%, and down 2.88% year-on-year [3] - The profit for rebar from blast furnaces was 65 yuan/ton, an increase of 14.0 yuan/ton week-on-week, or 27.45% [3] - The profit for construction steel from electric furnaces was -76 yuan/ton, an increase of 4.0 yuan/ton week-on-week, or 5.00% [3] Raw Material Situation - As of February 6, the spot price index for Australian powder ore (62% Fe) at Rizhao Port was 764 yuan/ton, a week-on-week decrease of 29.0 yuan/ton, or 3.66% [4] - The price for main coking coal at Jingtang Port was 1,700 yuan/ton, a week-on-week decrease of 80.0 yuan/ton [4] - The average available days of iron ore for sample steel enterprises was 31.29 days, an increase of 2.6 days week-on-week [4] Investment Recommendations - The steel sector is expected to have strong "anti-involution" characteristics and significant profit recovery potential, with high-quality steel companies likely to see performance improvements [6][7] - Key companies to focus on include regional leaders with advanced equipment and environmental standards, as well as those benefiting from the new energy cycle [7]