山西太钢不锈钢股份有限公司 2015 年年度报告全文 山西太钢不锈钢股份有限公司 2015 年年度报告 2016 年 04 月 1 山西太钢不锈钢股份有限公司 2015 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人高祥明、主管会计工作负责人杨贵龙及会计机构负责人(会计主 管人员)李华声明：保证年度报告中财务报告的真实、准确、完整。 独立董事王国栋先生因工作原因未能出席本次董事会，委托独立董事戴德 明先生代为出席并表决，其他董事均亲自出席了审议本次年报的董事会会议。 公司在第四节管理层讨论与分析中公司未来发展展望部分描述了公司经营 中存在的主要困难以及 2016 年工作计划，敬请查阅。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介和主要财务指标 5 | | 第三节 公司业务概要 8 | | 第四节 管理层讨论与分析 10 | ...

山西太钢不锈钢股份有限公司 2015 年第三季度报告正文 证券代码：000825 证券简称：太钢不锈 公告编号：2015-057 山西太钢不锈钢股份有限公司 2015 年第三季度报告正文 公司负责人高祥明、主管会计工作负责人杨贵龙及会计机构负责人(会计主管人员)李华声明：保证季 度报告中财务报表的真实、准确、完整。 2 山西太钢不锈钢股份有限公司 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 1 山西太钢不锈钢股份有限公司 2015 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 76,574,324,417.65 | 76,305,847,106.14 | ...

山西太钢不锈钢股份有限公司 2015 年半年度报告全文 山西太钢不锈钢股份有限公司 2015 年半年度报告 2015 年 08 月 1 山西太钢不锈钢股份有限公司 2015 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人高祥明、主管会计工作负责人杨贵龙及会计机构负责人(会计主 管人员)李华声明：保证本半年度报告中财务报告的真实、准确、完整。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者 的实质承诺，敬请投资者注意投资风险。 2 | 目录 | | --- | | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介 6 | | 第三节 会计数据和财务指标摘要 8 | | 第四节 董事会报告 10 | | 第五节 重要事项 21 | | 第六节 股份变动及股东情况 35 | | 第七节 优先股相关情况 38 | ...

Financial Performance - Revenue for the year was approximately 20 billion RMB, reflecting a year-on-year growth of 10%[21] - The net profit attributable to shareholders was CNY 629.74 million, a decrease of 29.82% compared to the previous year[28] - The company achieved operating revenue of CNY 86.77 billion in 2014, a decrease of 17.38% compared to the previous year due to continuous decline in steel product prices[34] - The company reported a net profit of 277.62 million, a decline of 44.2% compared to 499.18 million in the previous year[190] - The net profit attributable to shareholders of the parent company was ¥441.96 million, down 29.8% from ¥629.74 million in 2013[190] Production and Sales - The company reported a significant increase in stainless steel production, reaching 1.2 million tons in 2014, which represents a 15% increase compared to the previous year[21] - In 2014, the company produced 10.72 million tons of steel, a year-on-year increase of 7.35%, with stainless steel production reaching 3.80 million tons, up 17.96%[29] - The company achieved a sales volume of 9.93 million tons of steel, an increase of 4.87% year-on-year, with stainless steel sales at 3.35 million tons, up 17.93%[29] - User data indicates a 30% increase in customer orders for high-end stainless steel products in 2014[21] - Stainless steel sales volume increased by 17.93% to 3.35 million tons, while carbon steel sales volume decreased slightly by 0.74% to 6.57 million tons[34] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in exports to this region by 2016[21] - The company is exploring potential mergers and acquisitions to enhance its competitive position in the industry[13] - The company aims to build a globally competitive stainless steel enterprise, with an annual production capacity of 4 million tons of stainless steel[55] - The company plans to enhance product quality and brand image, focusing on "product standardization" and "quality improvement" to increase user satisfaction[79] - The company plans to focus on market expansion and new product development to enhance future growth prospects[196] Research and Development - The company has invested 500 million RMB in new technology development aimed at improving production efficiency and reducing costs[21] - R&D expenditure reached CNY 2.29 billion, representing 2.64% of operating revenue, an increase of 0.50% from the previous year[45] - The company has invested heavily in R&D, establishing 16 research laboratories and 14 industry-university-research joint laboratories, with nearly 800 core technologies, of which about 100 are internationally leading[56] Environmental and Social Responsibility - The company maintained leading levels in energy-saving and environmental protection indicators, implementing several projects to enhance overall environmental protection[32] - The company is focusing on green development and has been recognized as a national model for technological innovation[56][58] - The company has strengthened its environmental management and compliance with new pollutant discharge standards, enhancing its environmental control capabilities[10] Financial Management and Cash Flow - The company reported a net cash flow from operating activities of CNY 5.42 billion, an increase of 35.68% year-on-year[28] - Cash inflow from investment activities surged by 9,824.63% year-on-year, mainly from the disposal of equity in Xinling Steel Company[47] - Cash outflow from financing activities increased by 57.32%, primarily due to higher loan repayments[47] - The company aims to use the net profit to supplement production working capital due to severe overcapacity and declining steel prices in the industry[92] Challenges and Risks - The company faces challenges including fluctuating raw material prices and increased competition, which may impact future performance[13] - The company anticipates a challenging steel industry environment in 2015, with low growth in consumption and low prices impacting profitability[75] - The company has faced challenges due to low growth, low efficiency, low prices, and high pressure from environmental regulations in the steel industry[85] Shareholder and Corporate Governance - The largest shareholder, Taiyuan Iron and Steel (Group) Co., Ltd., holds 64.24% of the shares, totaling 3,659,182,800 shares[126] - The company has a stable management team with no significant changes in the last five years[137] - The company maintains complete independence from its controlling shareholder in business, personnel, assets, institutions, and finance[164] Related Party Transactions - The total amount of related party transactions for raw materials was 26,389.26 million CNY, accounting for 0.53% of similar transactions[102] - The company continues to rely on Tai Steel Group for essential raw materials and services, ensuring stable supply chains[108] - Related party transactions do not affect the company's independence and do not harm the interests of the company and its shareholders[108]

山西太钢不锈钢股份有限公司 2015 年第一季度报告正文 证券代码：000825 证券简称：太钢不锈 公告编号：2015-014 山西太钢不锈钢股份有限公司 2015 年第一季度报告正文 1 2 山西太钢不锈钢股份有限公司 2015 年第一季度报告正文 第二节 主要财务数据及股东变化 山西太钢不锈钢股份有限公司 2015 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李晓波、主管会计工作负责人杨贵龙及会计机构负责人(会计主 管人员)李华声明：保证季度报告中财务报表的真实、准确、完整。 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 17,063,717,178.10 | 20,138,189,807.88 | ...

Financial Performance - The company reported a total revenue of 10.5 billion RMB for the year 2014, representing a year-on-year increase of 5%[21]. - The net profit attributable to shareholders was 1.2 billion RMB, which is a decrease of 10% compared to the previous year[21]. - The company achieved operating revenue of CNY 86.77 billion in 2014, a decrease of 17.38% compared to the previous year due to continuous decline in steel product prices[34]. - The company reported a significant reduction in business tax and additional charges by 78.94% to CNY 15.36 million due to decreased VAT[42]. - Income tax expenses surged by 330.28% to CNY 28.62 million, primarily due to increased deferred tax expenses[43]. - The company reported a net increase of RMB 9.79 million in cash and cash equivalents compared to the end of the previous year[129]. - The net cash flow from operating activities was RMB 3.33942 billion, while the net cash flow from investing activities was RMB 577.69 million[129]. - The company reported a net profit for the year of ¥277.62 million, a decline of 44.2% compared to ¥499.18 million in the previous year[190]. Revenue and Sales - The company has set a revenue target of 11 billion RMB for 2015, aiming for a growth rate of approximately 4.76%[21]. - User data indicates a 15% increase in demand for stainless steel products in the automotive sector[21]. - The company achieved a sales volume of 9.93 million tons of steel, an increase of 4.87% year-on-year, with stainless steel sales at 3.35 million tons, up 17.93%[29]. - The company exported 1.27 million tons of steel, an increase of 88.25% year-on-year, with stainless steel exports at 768,100 tons, up 58.50%[29]. - Revenue from stainless steel products reached ¥38.39 billion, up 13.11% year-on-year, with a gross margin increase of 12.40%[48]. Investment and Development - The company plans to invest 500 million RMB in new product development and technology upgrades in 2015[21]. - A strategic acquisition of a local competitor is under consideration to strengthen market position[21]. - The company has invested heavily in R&D, establishing 16 research laboratories and 14 industry-university-research joint laboratories, with nearly 800 core technologies, of which about 100 are internationally leading[56]. - The total planned investment for major non-public fundraising projects is CNY 1,216,083,000, with cumulative actual investment reaching CNY 757,485,000, representing 62.23% completion[73]. Cost Management and Efficiency - The company is focusing on enhancing operational efficiency, with a goal to reduce production costs by 8% in 2015[21]. - The company implemented cost reduction measures, significantly lowering the procurement costs of raw materials[30]. - The company plans to reduce costs and increase efficiency by optimizing raw material structures and logistics, and implementing energy-saving projects[80]. - The company aims to strengthen technological innovation and improve core competitiveness through major R&D projects and market conversion of new products[80]. Market and Risk Management - The company emphasizes the importance of risk management in its future development strategy, particularly in response to market volatility[13]. - The company has faced challenges due to low growth, low efficiency, and low prices in the steel industry, alongside high pressure from environmental regulations[85]. - The company has strengthened its risk management and internal control systems to address potential operational risks[11]. Corporate Governance and Compliance - The company has established a standardized system for legal management to ensure compliance and risk mitigation[12]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance[164]. - The company has established an independent financial accounting department and a financial management system, ensuring independent tax payment[165]. - The company received a standard unqualified audit opinion for its financial statements as of December 31, 2014[178]. Shareholder and Dividend Policy - The company has no plans to distribute cash dividends or issue bonus shares for the year 2014[6]. - The company did not distribute cash dividends in 2014, despite having a positive net profit of 441,957,391.93 CNY[92]. - The company reported a cash dividend of 0.5 CNY per 10 shares for 2012, totaling 284,812,389.80 CNY, which accounted for 25.76% of the net profit attributable to shareholders[91]. Employee and Management Structure - The total number of employees in the company and its subsidiaries is 23,697, with 18,991 on duty and 14,788 retired employees[148]. - The employee structure shows that production personnel account for 81%, technical personnel 12%, administrative personnel 4%, and sales personnel 2%[150]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 416.15 million yuan, with 330.95 million yuan received from the controlling shareholder[144]. Environmental and Social Responsibility - The company is committed to green development, actively eliminating outdated production capacity and investing in energy-saving and emission-reduction initiatives[58]. - The company emphasizes the importance of environmental compliance and has implemented new pollution discharge standards to enhance its environmental management[10].

山西太钢不锈钢股份有限公司 2014 年第三季度报告正文 1 山西太钢不锈钢股份有限公司 2014 年第三季度报告正文 第一节 重要提示 山西太钢不锈钢股份有限公司 2014 年第三季度报告正文 证券代码：000825 证券简称：太钢不锈 公告编号：2014-048 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李晓波、主管会计工作负责人杨贵龙及会计机构负责人(会计主管人员)李华声明：保证季 度报告中财务报表的真实、准确、完整。 2 山西太钢不锈钢股份有限公司 2014 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 79,824,865,875.11 | 75,811,419, ...

山西太钢不锈钢股份有限公司 2014 年半年度报告全文 山西太钢不锈钢股份有限公司 2014 年半年度报告 2014 年 08 月 1 山西太钢不锈钢股份有限公司 2014 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人李晓波、主管会计工作负责人杨贵龙及会计机构负责人(会计主 管人员)李华声明：保证本半年度报告中财务报告的真实、准确、完整。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者 的实质承诺，敬请投资者注意投资风险。 2 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 翁宇庆 独立董事 出差 戴德明 | 目录 | | --- | 第二节 公司简介 一、公司简介 | 股票简称 | 太钢不锈 | 股票代码 | 000825 | | --- | --- | --- | --- | | 变 ...

山西太钢不锈钢股份有限公司 2014 年第一季度报告正文 证券代码：000825 证券简称：太钢不锈 公告编号：2014-016 山西太钢不锈钢股份有限公司 2014 年第一季度报告正文 1 山西太钢不锈钢股份有限公司 2014 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人李晓波、主管会计工作负责人杨贵龙及会计机构负责人(会计主 管人员)李华声明：保证季度报告中财务报表的真实、准确、完整。 2 山西太钢不锈钢股份有限公司 2014 年第一季度报告正文 第二节 主要财务数据及股东变化 □ 适用 √ 不适用 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 20,138,189,807 ...

Financial Performance - In 2013, the company's operating revenue was CNY 105,020,324,753.53, representing a 1.45% increase compared to CNY 103,515,284,412.85 in 2012[24]. - The net profit attributable to shareholders was CNY 629,736,382.50, a decrease of 43.05% from CNY 1,105,718,069.10 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 577,933,511.06, down 44.85% from CNY 1,047,994,653.86 in 2012[24]. - The net cash flow from operating activities was CNY 3,995,817,414.39, a decline of 42.19% compared to CNY 6,912,361,012.15 in 2012[24]. - Basic earnings per share were CNY 0.111, down 42.78% from CNY 0.194 in the previous year[24]. - The company's total profit decreased to 506 million yuan, down 49.50% from 1.00 billion yuan in the previous year[35]. - The company achieved a significant reduction in pollutant emissions, with a focus on PM2.5 reduction initiatives and enhanced environmental monitoring capabilities[40]. Assets and Liabilities - Total assets at the end of 2013 were CNY 75,811,419,821.65, an increase of 9.13% from CNY 69,466,695,754.06 at the end of 2012[24]. - The net assets attributable to shareholders were CNY 24,630,054,016.01, reflecting a 1.54% increase from CNY 24,256,162,903.71 in 2012[24]. - Total liabilities increased to 32.815 billion RMB, up by 6.05% from 30.938 billion RMB in the previous year[162]. - The company's cash and cash equivalents decreased by 425.04 million RMB compared to the end of the previous year[163]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares, totaling CNY 170,887,433.88, which accounts for 27.14% of the net profit attributable to shareholders[5]. - The company has established a three-year shareholder return plan, which was approved by the board and the annual general meeting[104]. - In 2012, the company distributed a cash dividend of 0.5 yuan per 10 shares, totaling 284,812,389.80 yuan, which accounted for 25.76% of the net profit attributable to shareholders[106]. Production and Sales - Steel production for the year was 9.9893 million tons, a decrease of 1.36% year-on-year, while stainless steel production increased by 3.85% to 3.2256 million tons[36]. - The company exported 678,100 tons of steel, an increase of 25.55% year-on-year, with stainless steel exports reaching 484,600 tons, up 39.09%[36]. - Stainless steel sales volume decreased by 0.75% to 2,844,300 tons in 2013, while production volume increased by 1.11% to 2,874,300 tons[44]. - The company's market share for stainless steel slightly declined to 19.32% from 19.57% in 2012[44]. Cost Management - The cost of raw materials decreased to 36.72% of operating costs from 43.97% in 2012, a reduction of 7.25%[49]. - The company implemented cost reduction measures, significantly lowering the use of pure nickel in stainless steel production, resulting in notable cost savings[37]. - The proportion of employee compensation in operating costs increased to 2.82%, up by 0.64% year-on-year[49]. Research and Development - R&D expenditure decreased by 9.67% to ¥2,252,457,891.38, accounting for 2.14% of operating revenue[55]. - New product developments included the exclusive bid for duplex stainless steel rebar for the Hong Kong-Zhuhai-Macao Bridge and the development of various advanced materials for nuclear power projects[39]. Market Position and Recognition - The company ranked 36th in the Fortune China 500 and was recognized as a top performer in corporate social responsibility within the steel industry[41]. - The company has been recognized as the "Most Influential Brand in Chinese Stainless Steel," enhancing its brand reputation[74]. Strategic Plans and Challenges - The company acknowledges the existence of major operational difficulties and outlines its work plan for 2014 in the board report[13]. - The company anticipates challenges due to overcapacity and competition in the steel industry, which may impact profitability in the long term[98]. - The company plans to enhance product quality and brand image by implementing standardized quality control measures and improving customer satisfaction[93]. Governance and Compliance - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring the protection of shareholders' rights, especially for minority shareholders[196]. - The company has not experienced any major litigation or arbitration matters during the reporting period[113]. - There were no significant accounting errors that required retrospective restatement during the reporting period[102]. Employee and Management Structure - The company employed a total of 26,672 staff, with 21,120 active employees at the end of the reporting period[187]. - The employee structure shows that production personnel account for 81% of the active workforce, while administrative personnel make up 10%[190]. - The company has maintained a stable leadership structure with no changes in shareholding among key executives[170].