Sinosteel international adjusts 2025 investment plan, reappoints auditor

Sinosteel Engineering & Technology (SZSE:000928) has revised its 2025 annual investment plan, increasing the total fixed asset investment by 13.86 million yuan. The adjusted plan, approved by the board, now allocates 63.625 million yuan for fixed asset investments, up from 49.7646 million yuan. This increase is primarily driven by a significant rise in "sub-company conventional infrastructure technical transformation projects," which saw an increase of 14.5 million yuan, bringing the total to 21.6 million yuan. Concurrently, there was a minor decrease of 0.9896 million yuan in "sub-company zero-fixed asset projects." Long-term equity investments decreased slightly by 0.0128 million yuan, totaling 1.2272 million yuan.

In a related development, the company has announced the reappointment of BDO China Shu Lun Pan Certified Public Accountants as its auditor for the 2025 fiscal year. The decision was made at the board meeting and is pending approval at the shareholders' meeting. The audit fee for 2025 is set at 3.05 million yuan, a decrease of 0.1 million yuan (3.17%) compared to the previous year.

The board's audit and risk management committee recommended the reappointment, citing the firm's satisfactory performance in the 2024 annual audit. The audit engagement team, including partner Guo Shunxi, signing CPA Zhong Qiang, and quality control reviewer Guo Jian, have no records of professional misconduct or independence issues in the past three years.