山西太钢不锈钢股份有限公司 关于对宝武集团财务有限责任公司的 风险评估报告 按照证监会及深圳证券交易所信息披露工作要求，通过查验宝武集团财务有 限责任公司（以下简称"财务公司"）《金融许可证》《企业法人营业执照》等 证件，根据《企业集团财务公司管理办法》等相关规定，在审阅资产负债表、利 润表、现金流量表等定期财务报表和内部控制制度的基础上，对财务公司2025 年三季度风险管理情况进行了评估，具体风险评估情况如下： 一、基本情况 财务公司是1992年6月经监管部门批准成立的全国性非银行金融机构，是由 国家金融监督管理总局监管的非银行金融机构，企业法人统一社会信用代码为 913100001322009015。财务公司注册资本68.4亿元（含3500万美元），股权结构： 中国宝武钢铁集团有限公司（以下简称"中国宝武"）占24.32%、马鞍山钢铁股 份有限公司占22.36%、宝山钢铁股份有限公司占16.97%、太原钢铁（集团）有限 公司（以下简称"太钢集团"）占12.58%、山西太钢不锈钢股份有限公司占12.08%、 武汉钢铁有限公司占9.48%、马钢（集团）控股有限公司占2.21%。 经国家金融监督管理总局批准、工 ...

证券代码：000825 证券简称：太钢不锈 公告编号：2025-054 山西太钢不锈钢股份有限公司 关于 2026 年与日常经营相关的关联交易预计公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、日常关联交易基本情况 （一）日常关联交易概述 1、为满足山西太钢不锈钢股份有限公司（以下简称"公司"）日常生产经 营的需要，公司将与控股股东太原钢铁（集团）有限公司（以下简称"太钢集团"） 及其子公司、与实际控制人中国宝武钢铁集团有限公司（以下简称"中国宝武"） 及其子公司等关联企业发生日常关联交易，涉及日常采购、销售和劳务类等关联 交易。预计 2026 年度与上述关联方发生的日常关联交易总金额将不超过 224.15 亿元，同口径测算 2025 年实际发生额 263.29 亿元，较 2025 年降低 14.87%。 2、公司独立董事专门会议已过半数审议通过，同意上述关联事项提交董事 会审议。2025 年 12 月 3 日公司九届三十八次董事会审议本次关联交易时，吴小 弟先生、李华先生、尚佳君先生、张晓东先生、南海先生、石来润先生、王清洁 先生等 7 位关联董事 ...

证券代码：000825 证券简称：太钢不锈 公告编号：2025-048 山西太钢不锈钢股份有限公司 独立董事提名人声明与承诺 提名人山西太钢不锈钢股份有限公司董事会现就提名 张其生为山西太钢不锈钢股份有限公司第十届董事会独立 董事候选人发表公开声明。被提名人已书面同意作为山西太 钢不锈钢股份有限公司第十届董事会独立董事候选人（参见 该独立董事候选人声明）。本次提名是在充分了解被提名人 职业、学历、职称、详细的工作经历、全部兼职、有无重大 失信等不良记录等情况后作出的，本提名人认为被提名人符 合相关法律、行政法规、部门规章、规范性文件和深圳证券 交易所业务规则对独立董事候选人任职资格及独立性的要 求，具体声明并承诺如下事项： 一、被提名人已经通过山西太钢不锈钢股份有限公司第 十届董事会提名委员会或者独立董事专门会议资格审查，提 名人与被提名人不存在利害关系或者其他可能影响独立履 职情形的密切关系。 √ 是 □ 否 如否，请详细说明：___________________________ 二、被提名人不存在《中华人民共和国公司法》第一百 1 七十八条等规定不得担任公司董事的情形。 √ 是 □ 否 如否，请详细说明 ...

证券代码：000825 证券简称：太钢不锈 公告编号：2025-044 山西太钢不锈钢股份有限公司 关于董事会换届选举的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 山西太钢不锈钢股份有限公司（以下简称"公司"）第九届董事会任期应于 2025 年 10 月 18 日届满。根据《公司法》《深圳证券交易所股票上市规则》《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》《公司 章程》等有关规定，公司进行董事会换届选举。2025 年 12 月 3 日，公司召开第 九届董事会第三十八次会议，审议通过了《关于公司董事会换届选举的议案》， 现将具体情况公告如下： 一、董事会换届选举情况 根据公司拟修订的《公司章程》有关规定，公司第十届董事会将由 11 名董 事组成，其中非独立董事 6 名，职工代表董事 1 名（由公司职工代表大会选举产 生），独立董事 4 名。 2025 年 12 月 3 日，公司召开第九届董事会第三十八次会议，审议通过了《关 于公司董事会换届选举的议案》。经董事会提名委员会资格审查，公司董事会提 名吴小弟先生、李华先生、尚佳 ...

证券代码：000825 证券简称：太钢不锈 公告编号：2025-057 山西太钢不锈钢股份有限公司 关于召开 2025 年第二次临时股东大会的通知 1、股东大会届次：2025 年第二次临时股东大会 2、股东大会的召集人：公司董事会。公司第九届董事会第三十八次会议决 定于 2025 年 12 月 19 日 14:30 召开公司 2025 年第二次临时股东大会。 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》的有 关规定。 4、会议时间： （1）现场会议时间：2025 年 12 月 19 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 月 19 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2025 年 12 月 19 日 9:15 至 15:00 的任意时 间。 5、会议的召开方式：现场表决与网络投票相结合。 本公司及董 ...

证券代码：000825 证券简称：太钢不锈 公告编号：2025-043 山西太钢不锈钢股份有限公司 第九届董事会第三十八次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 会议于 2025 年 12 月 3 日以通讯表决方式召开。 3.董事出席情况 应参加表决的董事 11 人，实际表决的董事 11 人。 4.本次会议的召集和召开符合有关法律、行政法规、部门规章、规范性文件 和公司章程的规定。 二、董事会会议审议情况 会议审议并通过了下列议案： 一、董事会会议召开情况 1.会议通知的时间和方式 公司九届三十八次董事会会议通知及会议资料于 2025 年 11 月 26 日以直接 送达或电子邮件方式送达各位董事及高管人员。 2.会议的时间、地点和方式 （一）关于公司董事会换届选举的议案 公司第九届董事会任期应于 2025 年 10 月 18 日届满，根据《公司章程》的 有关规定，对董事会进行换届选举。 1．提名吴小弟先生为公司第十届董事会董事。 经董事表决，11 票同意、0 票反对、0 票弃权。 2．提名李华先生为公司第十届董事会董事。 经董事表决，11 ...

Market Overview - The special steel sector increased by 0.23% on December 2, with Taiyuan Iron & Steel Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - Taiyuan Iron & Steel Co., Ltd. (code: 000825) saw a closing price of 4.40, with a rise of 7.06% and a trading volume of 1.5097 million shares, amounting to a transaction value of 648 million yuan [1] - Other notable stocks include: - Xianglou New Materials (code: 301160) closed at 62.00, up 0.62% [1] - Jinzhu Pipeline (code: 002443) closed at 8.26, up 0.36% [1] - Xining Special Steel (code: 600117) closed at 2.91, up 0.34% [1] - Changbao Co., Ltd. (code: 002478) closed at 7.57, down 0.39% [1] Capital Flow - The special steel sector experienced a net outflow of 9.4551 million yuan from institutional investors and 20.0152 million yuan from speculative funds, while retail investors saw a net inflow of 29.4703 million yuan [2] - The capital flow for specific stocks includes: - Taiyuan Iron & Steel Co., Ltd. had a net outflow of 34.7922 million yuan from institutional investors [3] - Xianglou New Materials had a net inflow of 15.5079 million yuan from institutional investors [3] - Changbao Co., Ltd. had a net inflow of 8.0780 million yuan from institutional investors [3]

Market Overview - On December 2, the A-share market saw a collective decline in the three major indices, with the Shanghai Composite Index down by 0.42%, the Shenzhen Component Index down by 0.68%, and the ChiNext Index down by 0.69% [1] - The total trading volume in the Shanghai and Shenzhen markets was approximately 1,593.43 billion yuan, a decrease of about 280.51 billion yuan compared to the previous trading day [1] - Out of the total stocks, 1,544 rose while 3,740 fell, with 54 hitting the daily limit up and 7 hitting the daily limit down [1] Sector Performance - The sectors that performed well included Fujian state-owned assets, forestry, prepared dishes, coal mining, airports, and light manufacturing [1] - Conversely, sectors that saw declines included non-ferrous metals, antimony, MLCC, lithium mining, energy metals, precious metals, and bioproducts [1] Commodity Futures - In the domestic commodity futures market, there were mixed results, with BR rubber rising by approximately 4%, and silver and pulp increasing by over 2% [1] - Other commodities such as coking coal and soda ash saw increases of over 1%, while asphalt and platinum fell by more than 2% [1] Shanxi Sector Analysis - In the Shanxi sector on December 2, there were 41 stocks, with 12 rising and 27 falling, indicating a significant number of declines [2] - Among the rising stocks, Antai Group led with a peak increase of 9.96%, while Taiyuan Iron & Steel rose by 7.06% [2] - Other notable gainers included Huayang Co. with a 3.57% increase, Jinbo Biological with a 2.42% increase, and Yongtai Energy with a 1.23% increase [2] - The leading decliner was Dongjie Intelligent, which fell by 3.62%, followed by Beifang Copper, Pailin Biological, Keda Automation, and Kuaijingtong with respective declines of 2.69%, 2.32%, 2.01%, and 1.72% [2]

Core Viewpoint - Taiyuan Iron and Steel (Group) Co., Ltd. (Tai Steel) has seen a stock price increase of 5.11% on December 2, reaching 4.32 CNY per share, with a trading volume of 367 million CNY and a market capitalization of 24.608 billion CNY. The stock has risen for three consecutive days, with a cumulative increase of 4.05% during this period [1]. Company Overview - Tai Steel, established on June 11, 1998, and listed on October 21, 1998, is located in Shanxi Province, China. The company specializes in the production and sales of stainless steel and other steel products, including steel billets, steel ingots, black metals, alloys, and metal products. It also engages in domestic trade and import-export of raw materials required for steel production [1]. - The revenue composition of Tai Steel is as follows: stainless steel accounts for 68.83%, ordinary steel for 24.73%, carbon steel billets for 4.04%, other products (including wind and water electrical goods) for 2.01%, and miscellaneous for 0.39% [1]. Shareholder Insights - Among the top ten circulating shareholders of Tai Steel, Guotai Fund's Guotai Zhongzheng Steel ETF (515210) increased its holdings by 14.41 million shares in the third quarter, bringing its total to 22.903 million shares, which represents 0.4% of the circulating shares. The estimated floating profit from this increase is approximately 4.8096 million CNY, with a floating profit of 3.6645 million CNY during the three-day price increase [2]. - The Guotai Zhongzheng Steel ETF was established on January 22, 2020, with a current scale of 3.66 billion CNY. Year-to-date returns are 26.38%, ranking 1817 out of 4206 in its category; the one-year return is 24.28%, ranking 1806 out of 4012; and since inception, the return is 67.37% [2]. Fund Management - The fund manager of Guotai Zhongzheng Steel ETF is Wu Zhonghao, who has been in the position for 3 years and 310 days. The total asset size of the fund is 25.391 billion CNY, with the best fund return during his tenure being 73.59% and the worst being -18.06% [3].

Core Insights - The appreciation of the Renminbi has led to a significant increase in the related sectors, with a 2.61% rise compared to the previous trading day, and China Duty Free Group (中国中免) leading the gains [1] Market Performance - The Shanghai Composite Index closed at 3914.01, up 0.65% - The Shenzhen Component Index closed at 13146.72, up 1.25% [1] Top Gainers in Renminbi Appreciation Beneficiary Sector - China Duty Free Group (601888) closed at 84.46, up 6.87%, with a trading volume of 736,300 shares and a turnover of 6.094 billion yuan - Tongling Nonferrous Metals (000630) closed at 5.42, up 6.27%, with a trading volume of 4,738,300 shares and a turnover of 2.57 billion yuan - Air China (601111) closed at 8.46, up 5.35%, with a trading volume of 1,095,600 shares and a turnover of 904 million yuan [1] Capital Flow Analysis - The Renminbi appreciation beneficiary sector saw a net inflow of 312 million yuan from institutional investors, while retail investors experienced a net outflow of 494 million yuan [2] - The top stocks in terms of capital flow included: - China Duty Free Group with a net inflow of 3.44 billion yuan from institutional investors - Tongling Nonferrous Metals with a net inflow of 79.34 million yuan from institutional investors [3]