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]

Market Performance - The special steel sector increased by 2.33% on December 1, with CITIC Special Steel leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Stock Performance - CITIC Special Steel (000708) closed at 15.90, up 4.95% with a trading volume of 267,100 shares and a transaction value of 422 million [1] - Other notable performers include: - Xianglou New Materials (301160) at 61.62, up 2.87% [1] - Taiyuan Iron & Steel (000825) at 4.11, up 2.75% [1] - Jinzhu Pipeline (002443) at 8.23, up 2.11% [1] - Shengde Zhengtai (300881) at 33.47, up 1.45% [1] Capital Flow - The special steel sector experienced a net outflow of 48.91 million from institutional investors, while retail investors saw a net inflow of 35.27 million [2] - The capital flow for individual stocks shows: - Taiyuan Iron & Steel had a net inflow of 45.03 million from institutional investors [3] - Xianglou New Materials had a net outflow of 735.72 million from institutional investors [3] - Jinzhu Pipeline had a net outflow of 1,356.12 million from institutional investors [3]

Group 1 - The core viewpoint of the news is that Taiyuan Iron and Steel (Group) Co., Ltd. (Tai Steel) has seen a 5% increase in stock price, reaching 4.20 CNY per share, with a trading volume of 131 million CNY and a turnover rate of 0.57%, resulting in a total market capitalization of 23.924 billion CNY [1] - Tai Steel, established on June 11, 1998, and listed on October 21, 1998, is primarily engaged in the production and sales of stainless steel and other steel products, including steel billets, steel ingots, black metals, alloys, and metal products [1] - The revenue composition of Tai Steel's main business includes 68.83% from stainless steel, 24.73% from ordinary steel, 4.04% from carbon steel billets, 2.01% from other products like wind and water electrical equipment, and 0.39% from other supplementary items [1] Group 2 - Among the top ten circulating shareholders of Tai Steel, a fund under Southern Fund holds a significant position, with the Southern CSI 500 ETF (510500) reducing its holdings by 630,400 shares in the third quarter, now holding 33.2281 million shares, which accounts for 0.58% of the circulating shares [2] - The Southern CSI 500 ETF (510500), established on February 6, 2013, has a latest scale of 140.098 billion CNY, with a year-to-date return of 24.71%, ranking 1914 out of 4206 in its category, and a one-year return of 23.98%, ranking 1933 out of 4008 [2]

Core Viewpoint - The report highlights the growth in China's medium and thick wide steel plate production, indicating a positive trend in the industry with a year-on-year increase in output. Industry Summary - As of September 2025, China's medium and thick wide steel plate production reached 18.27 million tons, reflecting a year-on-year growth of 6.5% [1] - Cumulatively, from January to September 2025, the total production of medium and thick wide steel plates in China was 169.478 million tons, marking a cumulative increase of 4.5% [1] Company Summary - The report mentions several listed companies in the steel industry, including Baosteel Co., Ltd. (600019), Ansteel Co., Ltd. (000898), Shougang Co., Ltd. (000959), and others, indicating their relevance in the medium and thick wide steel plate market [1]

Core Viewpoint - The special steel sector experienced a 1.2% increase on November 28, with Changbao Co., Ltd. leading the gains. The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1]. Group 1: Stock Performance - Changbao Co., Ltd. (002478) closed at 7.81, with a rise of 6.26% and a trading volume of 999,300 shares, amounting to a transaction value of 780 million yuan [1]. - Jinzhu Pipeline (002443) closed at 8.06, increasing by 3.47% with a trading volume of 288,800 shares, resulting in a transaction value of 233 million yuan [1]. - Jiuli Special Materials (002318) closed at 24.85, up 1.68% with a trading volume of 64,000 shares, translating to a transaction value of 159 million yuan [1]. - CITIC Special Steel (000708) closed at 15.15, rising by 1.41% with a trading volume of 115,100 shares, amounting to a transaction value of 174 million yuan [1]. - Shengde Zhengtai (300881) closed at 32.99, up 1.26% with a trading volume of 12,100 shares, resulting in a transaction value of approximately 39.52 million yuan [1]. - Tongmei Co., Ltd. (603995) closed at 17.15, increasing by 0.94% with a trading volume of 38,400 shares, translating to a transaction value of approximately 65.30 million yuan [1]. - Fushun Special Steel (600399) closed at 5.31, up 0.76% with a trading volume of 204,100 shares, amounting to a transaction value of 108 million yuan [1]. - Taiyuan Iron & Steel (000825) closed at 4.00, increasing by 0.76% with a trading volume of 332,800 shares, resulting in a transaction value of 133 million yuan [1]. - Xining Special Steel (600117) closed at 2.90, up 0.69% with a trading volume of 216,600 shares, translating to a transaction value of approximately 62.52 million yuan [1]. - Fangda Special Steel (600507) closed at 5.98, rising by 0.17% with a trading volume of 212,200 shares, amounting to a transaction value of 127 million yuan [1]. Group 2: Capital Flow - The special steel sector saw a net inflow of 62.68 million yuan from institutional investors, while retail investors experienced a net outflow of 67.63 million yuan [3].