山西太钢不锈钢股份有限公司 2025 年半年度财务会计报告 2025 年半年度财务会计报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：山西太钢不锈钢股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 9,172,077,819.28 | 8,144,892,393.10 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | 82,213.25 | | 应收账款 | 1,161,553,461.03 | 857,136,272.23 | | 应收款项融资 | 1,219,864,887.01 | 1,342,164,449.37 | | 预付款项 | 127,596,782.74 | 176,240,539.49 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合 ...

第九届监事会第十五次会议决议公告 本公司及监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、监事会会议召开情况 1.会议通知的时间和方式 公司九届十五次监事会会议通知及会议资料于 2025 年 8 月 18 日以直接送达方式 送达各位监事。 2.会议的时间、地点和方式 会议于 2025 年 8 月 28 日在太原市花园国际大酒店会议中心以现场表决方式召开。 证券代码：000825 证券简称：太钢不锈 公告编号：2025-033 山西太钢不锈钢股份有限公司 会议由监事会主席张晓蕾先生主持。 5.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、监事会会议审议议案情况 1.关于 2025 年半年度报告的议案 参会监事对该议案进行了举手表决，3 票同意、0 票反对、0 票弃权。参会监事一 致通过本议案，并提出以下审核意见：经审核，监事会认为董事会编制和审议山西太 钢不锈钢股份有限公司 2025 年半年度报告的程序符合法律、行政法规及中国证监会的 规定，报告内容真实、准确、完整地反映了上市公司的实际情况，不存在任何虚假记 载、误导性陈 ...

格隆汇8月29日丨太钢不锈(000825.SZ)公布2025年半年度报告，上半年公司实现营业收入459.67亿元， 同比下降7.54%；归属于上市公司股东的净利润3.93亿元，同比增长182.74%；归属于上市公司股东的扣 除非经常性损益的净利润3.16亿元；基本每股收益0.069元。 ...

证券代码：000825 证券简称：太钢不锈 公告编号：2025-032 山西太钢不锈钢股份有限公司 第九届董事会第三十四次会议决议公告 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。 一、董事会会议召开情况 1.会议通知的时间和方式 公司九届三十四次董事会会议通知及会议资料于 2025 年 8 月 18 日以直接送 达或电子邮件方式送达各位董事、监事及高管人员。 2.会议的时间、地点和方式 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。其中，董事吴小弟先生、 李华先生、尚佳君先生、南海先生、石来润先生及独立董事刘新权先生、汪建华 先生、王东升先生和张其生先生等 9 人出席现场会议。董事张晓东先生和王清洁 先生以通讯表决的方式出席会议。 4.主持人和列席人员 会议由董事长吴小弟先生主持。公司监事及非董事高级管理人员列席了会议。 5.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。 会议于 2025 年 8 月 28 日在太原市花园国际大酒店会议中心以现场与通讯表 决相结合方式召开。 二、董事会会议审议 ...

证券代码：000825 证券简称：太钢不锈 公告编号：2025-035 山西太钢不锈钢股份有限公司 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。 为满足市场开发管理、渠道经营建设及服务基地生产经营的需要，经公司 2025 年 8 月 28 日召开的九届三十四次董事会审议通过《关于销售子公司压减的 议案》，由公司吸收合并成都（太钢）销售有限公司（以下简称"成都公司"）， 太钢中部（山西）销售有限公司（以下简称"中部公司"）吸收合并武汉太钢销 售有限公司（以下简称"武汉公司"），注销天津太钢销售有限公司（以下简称 "天津公司"）和杭州太钢销售有限公司（以下简称"杭州公司"）。 本次吸收合并事项不构成公司的关联交易，也不构成《上市公司重大资产重 组管理办法》规定的重大资产重组情形。根据《公司章程》有关规定，本事项无 需提交公司股东大会审议批准。 一、公司基本情况 1、成都（太钢）销售有限公司 法定代表人：段亚楠 注册资本：100 万元 公司类型：有限责任公司（非自然人投资或控股的法人独资） 经营范围：金属及金属矿批发 住所：四川省成都市金牛区金丰路 6 号 7 栋 ...

Financial Performance - The company's operating revenue for the reporting period was ¥45,966,854,660.73, a decrease of 7.54% compared to ¥49,714,061,377.39 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥392,995,644.30, representing an increase of 182.74% from ¥138,997,262.06 in the previous year[19]. - The net cash flow from operating activities was ¥2,529,062,948.93, up 96.82% from ¥1,284,935,131.31 in the same period last year[19]. - The basic earnings per share increased to ¥0.069, a rise of 187.50% compared to ¥0.024 in the previous year[19]. - The total assets at the end of the reporting period were ¥66,502,836,118.30, a decrease of 1.52% from ¥67,532,693,504.04 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased to ¥32,972,464,030.36, up 1.25% from ¥32,565,451,698.55 at the end of the previous year[19]. - The company achieved a significant increase in other income, which rose by 576.12% to approximately ¥423.56 million, mainly from advanced manufacturing VAT deductions[49]. - The company reported a net profit for the first half of 2025 of approximately ¥393 million, a significant increase of 183.1% compared to ¥139 million in the same period of 2024[149]. - Total comprehensive income for the first half of 2025 reached approximately ¥462 million, up 138.0% from ¥194 million in the first half of 2024[152]. Revenue and Costs - The revenue of key steel enterprises in China decreased by 5.79% year-on-year, while total profit increased by 63.3%, resulting in an average sales profit margin of 1.97%, up by 0.87 percentage points[29]. - The average price of carbon steel hot-rolled sheets fell by 14.5% year-on-year, while the average price of stainless steel 304 cold plates decreased by 4.0%[30]. - Domestic revenue reached ¥43.00 billion, down 6.82% year-on-year, while foreign revenue decreased by 16.80% to ¥2.97 billion[53]. - Total operating costs for the first half of 2025 were CNY 45.81 billion, down from CNY 49.69 billion in the same period last year, reflecting a decrease of 7.0%[148]. Innovation and Development - The company emphasizes innovation, with new products playing a significant role in the domestic market for critical materials[27]. - The company has made breakthroughs in product and technology R&D, including the launch of precision foils for high-temperature superconducting substrates and the world's first stainless steel for offshore photovoltaic brackets[34]. - The company has established a strong innovation capability with over 800 proprietary technologies and has participated in setting more than 70% of national standards for stainless steel plate and strip products[40]. - Research and development investment decreased by 10.01% to approximately ¥1.84 billion compared to ¥2.04 billion in the previous year[48]. Market Position and Strategy - The company aims to become a world-class comprehensive solution provider focused on stainless steel products, achieving first-place market share in several categories domestically[32]. - Over 60% of the company's sales come from unique leading products, high-profit products, and strategic products, reflecting successful market development efforts[35]. - The company operates in the production and sales of stainless steel and other steel products, with a focus on domestic trade and import-export activities[173]. Risk Management - The company has implemented a comprehensive risk prevention system, improving cash flow management and reducing liabilities, with operating cash flow exceeding 100% of expected[39]. - The company faces risks from U.S. tariffs and trade protection policies affecting steel exports, impacting domestic market supply and demand[74]. - Global nickel resource supply risks are heightened due to policy changes in major producing countries, affecting raw material costs[75]. Corporate Governance and Compliance - The company has no significant litigation or arbitration matters during the reporting period[96]. - There were no violations regarding external guarantees during the reporting period[93]. - The semi-annual financial report has not been audited[94]. - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[92]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[6]. - A total of 10,665,800 restricted shares were repurchased and canceled, reducing the total share capital from 5,706,913,596 shares to 5,696,247,796 shares[83]. - The total number of ordinary shareholders at the end of the reporting period was 141,875[128]. - Taiyuan Iron and Steel (Group) Co., Ltd. holds 63.19% of the shares, totaling 3,606,454,334 shares, which are pledged[128]. Financial Position - The company's total assets decreased from CNY 62.84 billion at the beginning of the period to CNY 61.41 billion at the end of the period[144]. - The total equity attributable to shareholders increased to CNY 33.17 billion from CNY 32.71 billion, marking a growth of 1.4%[145]. - The company's long-term equity investments increased to CNY 2,424,271,182.32 from CNY 2,351,429,927.16, showing a growth of about 3.1%[140]. - The total liabilities decreased from CNY 30.14 billion to CNY 28.24 billion, a decline of 6.3%[145]. Community Engagement - The company is committed to social responsibility, contributing to poverty alleviation and rural revitalization efforts in Shanxi Province[86]. - The company actively promotes consumption assistance and funding introduction, showcasing its commitment to rural revitalization by purchasing agricultural products from poverty-stricken areas[88]. - The company has implemented a monthly initiative where village team members must complete at least one task for the community, enhancing satisfaction and community ties[89].

Core Insights - The appreciation of the Renminbi has positively impacted certain sectors, with the Renminbi appreciation beneficiary sector rising by 0.25% compared to the previous trading day [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Sector Performance - Leading the Renminbi appreciation beneficiary sector was Caesar Travel, which saw a closing price of 5.92, an increase of 10.04% with a trading volume of 1.73 million shares and a transaction value of 99.56 million [1] - Other notable performers included Tongling Nonferrous Metals with a closing price of 4.51, up 3.44%, and Sun Paper with a closing price of 15.36, up 3.09% [1] Capital Flow Analysis - The Renminbi appreciation beneficiary sector experienced a net outflow of 620 million yuan from institutional investors, while retail investors saw a net inflow of 308 million yuan [2] - The capital flow data indicates that while institutional investors withdrew funds, retail investors were more active in purchasing shares within this sector [2][3] Individual Stock Insights - Caesar Travel had a net inflow of 247 million yuan from institutional investors, but a net outflow of 99.66 million yuan from speculative funds [3] - In contrast, Tongling Nonferrous Metals experienced a net outflow of 10.02% from speculative funds, indicating a lack of interest from this investor group [3]

Market Performance - The special steel sector increased by 0.22% on August 29, with Fangda Special Steel leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] Individual Stock Performance - Fangda Special Steel (600507) closed at 5.58, up 1.64%, with a trading volume of 401,600 shares and a turnover of 225 million yuan [1] - Jiuli Special Materials (002318) closed at 22.52, up 1.40%, with a trading volume of 148,000 shares and a turnover of 333 million yuan [1] - Other notable performances include: - Jinzou Pipeline (002443) at 7.16, up 0.99% [1] - Taigang Stainless Steel (000825) at 4.14, up 0.98% [1] - Changbao Co. (002478) at 5.52, up 0.55% [1] Capital Flow Analysis - The special steel sector experienced a net outflow of 59.85 million yuan from institutional investors, while retail investors saw a net inflow of 33.37 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Detailed Capital Flow by Stock - Jiuli Special Materials (002318) had a net inflow of 27.39 million yuan from institutional investors, but a net outflow of 27.69 million yuan from retail investors [3] - Fushun Special Steel (600399) saw a net inflow of 4.64 million yuan from institutional investors, while retail investors had a net outflow of 5.99 million yuan [3] - Fangda Special Steel (600507) experienced a significant net outflow of 20.95 million yuan from institutional investors [3]

Market Performance - The special steel sector experienced a decline of 3.15% on August 27, with Shengde Xintai leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Individual Stock Performance - Notable declines in individual stocks include: - Shengde Login (300881) at 35.52, down 5.81% with a trading volume of 47,600 shares and a turnover of 171 million yuan [1] - Fangda Special Steel (600507) at 5.61, down 4.92% with a trading volume of 404,000 shares and a turnover of 231 million yuan [1] - Xining Special Steel (600117) at 3.40, down 4.23% with a trading volume of 934,800 shares and a turnover of 325 million yuan [1] - Other notable declines include Jiuli Special Materials (002318), Shagang Co. (002075), and CITIC Special Steel (000708) [1] Capital Flow Analysis - The special steel sector saw a net outflow of 152 million yuan from main funds, while retail investors contributed a net inflow of 76.4 million yuan [1] - The capital flow for individual stocks indicates: - Fushun Special Steel (600399) had a main fund net inflow of 44.57 million yuan, but retail investors had a net outflow of 37.89 million yuan [2] - Jinzhou Pipeline (002443) experienced a main fund net inflow of 11.92 million yuan, with retail investors also seeing a net outflow [2] - Other stocks like Tai Steel (000825) and Jiuli Special Materials (002318) showed mixed capital flows with significant retail inflows despite main fund outflows [2]

Market Performance - The special steel sector increased by 0.97% on August 26, with Jiuli Special Materials leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Stock Performance - Jiuli Special Materials (002318) closed at 23.18, up 2.61% with a trading volume of 395,400 shares and a turnover of 924 million yuan [1] - Shagang Group (002075) closed at 6.59, up 2.49% with a trading volume of 1,364,300 shares and a turnover of 896 million yuan [1] - Other notable performers include Jinzhu Pipeline (002443) up 1.98%, and Fangda Special Steel (600507) up 1.20% [1] Capital Flow - The special steel sector saw a net inflow of 12.44 million yuan from institutional investors, while retail investors experienced a net outflow of 21.92 million yuan [2] - The main capital inflow was observed in Shagang Group with 63.88 million yuan, while the largest outflow was from Fushun Special Steel at 19.87 million yuan [3] Individual Stock Analysis - Jiuli Special Materials had a net inflow of 9.98 million yuan from institutional investors, indicating strong interest [3] - The overall capital flow showed that institutional investors were net buyers, while retail investors were net sellers across several stocks in the sector [3]