北京首钢股份有限公司2025年年度报告(英文版)

Beijing Shougang Co. Ltd. Annual Report 20251Beijing Shougang Co., Ltd.2025 Annual Report16 April 2026Beijing Shougang Co. Ltd. Annual Report 202522025 Annual ReportSECTION I. IMPORTANT NOTICE, CONTENT, DEFINITIONSThe Board of Directors (the “Board”), all directors, and senior executives ofthe Company warrant that there are no false representations, misleadingstatements, or material omissions in this annual report; and are jointly andindividually responsible for the truthfulness, accuracy and completeness of theinformation contained in this annual report.Chairman Zhu Guosen, General Manager Sun Maolin, Chief Accountant LiuTonghe, and Accounting Officer Cui Xiumei declare that they guarantee theauthenticity, accuracy, and completeness of the financial reports in this year'sreport.Whether any directors failed to attend the Board meeting convened todeliberate on the annual report in person YES □NOExcept for the following directors, all other directors attended the Board meetingfor deliberating the current annual report in personName of directornot attending inpersonPosition of thedirector notattending inpersonReason for notattending inpersonName of theentrusted personChen XiaoweiEmployeeRepresentativeDirectorOut on officialbusinessWang CuiminBeijing Shougang Co. Ltd. Annual Report 20253Peng FengIndependentDirectorOut on officialbusinessYu XingxiCertain risks that may exist have been elaborated by the Company in thisreport. Please refer to Discussion and Analysis of Business Operations for details.The profit distribution plan approved by the board of directors is as follows:based on 7,754,967,370, cash dividends of RMB 0.4 (including tax) will bedistributed to all shareholders for every 10 shares, and 0 bonus shares (includingtax) will be issued, and there is no conversion of reserve into share capital.Beijing Shougang Co. Ltd. Annual Report 20254CONTENTSSECTION I. IMPORTANT NOTICE, CONTENT, DEFINITIONS........................................................................................ 2SECTION II. COMPANY PROFILE AND MAJOR FINANCIAL INDICATORS..................................................................12SECTION III. DISCUSSION AND ANALYSIS OF BUSINESS OPERATIONS....................................................................15SECTION IV: CORPORATE GOVERNANCE, ENVIRONMENT AND SOCIETY...............................................................39Beijing Shougang Co. Ltd. Annual Report 20255File directory for reference1.Accounting statements signed and stamped by the Chairman, General Manager, Chief Accountant,and Head of Accounting Institution.2.Original audit report with the seal of the accounting firm, signature and seal of the CPA.3.Original copies of all company documents and announcements publicly disclosed in newspapersdesignated by the China Securities Regulatory Commission during the reporting period.4.“The Articles of Association of Beijing Shougang Co., Ltd.”, etc.Beijing Shougang Co. Ltd. Annual Report 20256InterpretationIt