BSP(000761)2025-02-14 07:50Group 1: Production and Sales Performance - In 2024, the company achieved a comprehensive production and sales rate of 100%, with a total steel production of approximately 648 million tons, including 298 million tons of automotive steel [1] - The company has significantly increased its market share in the Northeast for hot-rolled and cold-rolled products [1] - Key projects supplied include the Hangzhou Bay Cross-Sea Bridge high-speed rail station, the Yangtze River Diversion Project, and the Northwest Liaoning Water Conservancy Project [1] Group 2: Production Capacity - The current production capacities are: pig iron 10.5 million tons, crude steel 13.35 million tons, hot-rolled products 16.07 million tons, cold-rolled products 7.01 million tons, and special steel 1.2 million tons [1] Group 3: Raw Material Procurement - In 2024, approximately 55% of iron ore raw materials were procured from the group [1] - The company primarily sources coking coal from long-term contracts with national mines, supplemented by local coal from major coal-producing regions such as Shanxi, Heilongjiang, Inner Mongolia, and Hebei [1] Group 4: Asset Restructuring and Convertible Bonds - The asset restructuring plan is still under discussion, with key elements such as asset scope and transaction price yet to be finalized [1] - The company has not made a decision regarding the potential forced redemption of convertible bonds, which requires the stock price to be at least 130% of the conversion price for 15 out of 30 consecutive trading days [2]