In 2024, the steel production of Shougang Group's electrical steel reached 1.986 million mt, up approximately 17% YoY, with the production of high-end products hitting a record high. Among them, the production of high magnetic induction grain-oriented electrical steel was 332,000 mt, up approximately 11% YoY, and the domestic sales of ultra-thin high magnetic induction grain-oriented electrical steel with a thickness of 0.20mm and below continued to lead. The product structure of non-oriented electrical steel was continuously optimized, with the production of high-grade non-oriented electrical steel reaching 893,000 mt, up approximately 11% YoY. The production of electrical steel for new energy vehicles increased by approximately 27% YoY.