Performance Forecast - The company expects a net profit of 350 million to 450 million yuan for the first half of 2025, compared to 139 million yuan in the same period last year, indicating an increase of 151.80% to 223.74% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between 273 million and 373 million yuan, compared to a loss of 57.21 million yuan in the previous year [1] - The basic earnings per share are expected to be between 0.061 yuan and 0.079 yuan, compared to 0.024 yuan in the same period last year [1] Reasons for Performance Change - The company attributes the performance improvement to intensified supply-demand contradictions and weak steel prices, leading to proactive problem-solving and cost reduction measures [1] - The company has focused on innovation, increasing R&D efforts for new stainless steel and special steel products, and has implemented a customer-centric marketing system transformation [1] - Efficiency has been enhanced through the integration of iron-making and steel-making plants, and the company continues to expand its operational dimensions around quality, cost, delivery, variety, and service (QCDVS) [1]

太钢不锈（000825）公告，2025年1月1日至2025年6月30日，归属于上市公司股东的净利润预计为3.5亿 元–4.5亿元，比上年同期的1.39亿元增加151.80%-223.74%。扣除非经常性损益后的净利润预计为2.73亿 元–3.73亿元，上年同期为亏损5721万元。基本每股收益预计为0.061元/股–0.079元/股，上年同期为 0.024元/股。 ...

Shanxi Taigang Stainless Steel Co., Ltd. 2025 Semi-Annual Performance Forecast [Expected Performance for the Current Period](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a year-on-year increase in its 2025 first-half performance, with net profit attributable to shareholders projected to be between 350 million and 450 million yuan, while net profit after deducting non-recurring gains and losses is expected to turn profitable, and basic earnings per share will significantly grow - The performance forecast covers the period from January 1, 2025, to June 30, 2025[2](index=2&type=chunk) Performance Forecast Comparison | Item | Current Reporting Period (2025 H1) | Prior Period (2024 H1) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Profit: 350 million – 450 million yuan | Profit: 139 million yuan | Increase 151.80% – 223.74% | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Profit: 273.37 million – 373.37 million yuan | Loss: 57.21 million yuan | Turned Profitable | | **Basic Earnings Per Share** | Profit: 0.061 – 0.079 yuan/share | Profit: 0.024 yuan/share | Significant Growth | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company explicitly states that this performance forecast is based on preliminary internal estimates and has not been audited by an accounting firm - This performance forecast has not been audited by an accounting firm[3](index=3&type=chunk) [Explanation of Performance Change](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) Despite the severe challenges faced by the steel industry in the first half of 2025, the company successfully improved its operating performance through a series of internal optimizations and strategic adjustments - In the first half of 2025, the steel industry faced challenges such as structural adjustments for reduced output, differentiated demand, increased supply-demand imbalance, and weak steel prices[4](index=4&type=chunk) - To address market challenges and enhance performance, the company implemented the following key measures: - **Cost Reduction and Efficiency Improvement**: Proactively benchmarked and identified gaps, achieving significant cost reduction results[4](index=4&type=chunk) - **Product Innovation**: Continuously increased R&D efforts for new stainless steel and special steel products[5](index=5&type=chunk) - **Marketing Transformation**: Focused on customer-centricity to drive marketing system reform[5](index=5&type=chunk) - **Efficiency Enhancement**: Integrated iron-making and steel-making plants to improve intrinsic efficiency[5](index=5&type=chunk) - **Refined Management**: Expanded accounting management dimensions around QCDVS (Quality, Cost, Delivery, Variety, and Service) to improve the quality and delivery efficiency of specialty steel[5](index=5&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company advises investors that this performance forecast is a preliminary estimate by the finance department and is subject to uncertainty, with final data based on the officially disclosed 2025 semi-annual financial report - This performance forecast is a preliminary estimate, and the specific financial data will be subject to the company's disclosed 2025 semi-annual financial report; investors are advised to note investment risks[6](index=6&type=chunk) [Other Relevant Information](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E7%9B%B8%E5%85%B3%E8%AF%B4%E6%98%8E) There are no other relevant matters to explain in this section - No other relevant information[7](index=7&type=chunk)

Group 1: Annual Reports and Dividends - Gujinggong Liquor (000596) reported 2024 revenue of 23.578 billion yuan, up 16.41%, and net profit of 5.517 billion yuan, up 20.22%. The company plans to distribute a cash dividend of 50 yuan per 10 shares, totaling 2.643 billion yuan [2] - Luzhou Laojiao (000568) reported 2024 revenue of 31.196 billion yuan, up 3.19%, and net profit of 13.473 billion yuan, up 1.71%. The company plans to distribute a cash dividend of 45.92 yuan per 10 shares, totaling 6.759 billion yuan [2] - Gree Electric (000651) reported 2024 revenue of 189.164 billion yuan, down 7.26%, and net profit of 32.185 billion yuan, up 10.91%. The company plans to distribute a cash dividend of 20 yuan per 10 shares, totaling 11.17 billion yuan [3] Group 2: Q1 2025 Performance - Gujinggong Liquor reported Q1 2025 revenue of 9.146 billion yuan, up 10.38%, and net profit of 2.330 billion yuan, up 12.78% [2] - Gree Electric reported Q1 2025 revenue of 41.507 billion yuan, up 14.14%, and net profit of 5.904 billion yuan, up 26.29% [3] - National City Mining (000688) reported Q1 2025 revenue of 0.053 billion yuan, up 77.25%, and net profit of 0.0612 billion yuan, up 18279.65% [4] - Taiyuan Iron & Steel (000825) reported Q1 2025 revenue of 23.31 billion yuan, down 4.71%, and net profit of 0.0188 billion yuan, up 5506.92% [4] - Shenfang A (000029) reported Q1 2025 revenue of 0.033 billion yuan, up 457.38%, and net profit of 0.0724 billion yuan, up 3718.51% [4] - Qingda Environmental Protection (688501) reported Q1 2025 revenue of 0.0619 billion yuan, up 317.43%, and net profit of 0.0687 billion yuan, up 990.26% [4] - Tianbao Infrastructure (000965) reported Q1 2025 revenue of 0.0169 billion yuan, down 34.62%, and net profit of 0.01 billion yuan, up 737.29% [4] - Taihe Intelligent (603656) reported Q1 2025 revenue of 0.0105 billion yuan, up 10.19%, and net profit of 0.0002097 billion yuan, up 716.41% [5] - Meg Intelligent (002881) reported Q1 2025 revenue of 0.0997 billion yuan, up 73.57%, and net profit of 0.0463 billion yuan, up 616.02% [5] - Shengda Biological (603079) reported Q1 2025 revenue of 0.0203 billion yuan, up 9.95%, and net profit of 0.0217 billion yuan, up 469.35% [5] - Jincai Interconnection (002530) reported Q1 2025 revenue of 0.0206 billion yuan, down 33%, and net profit of 0.001364 billion yuan, up 466.95% [5] - XinSai Co. (600540) reported Q1 2025 revenue of 1.215 billion yuan, up 312.03%, and net profit of 0.01819 billion yuan, up 315.74% [6]

证券代码：000825 证券简称：太钢不锈 公告编号：2025-029 会议于 2025 年 7 月 4 日以通讯表决方式召开。 3.董事出席情况 山西太钢不锈钢股份有限公司 第九届董事会第三十三次会议决议公告 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 公司九届三十三次董事会会议通知及会议资料于 2025 年 6 月 27 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 特此公告 山西太钢不锈钢股份有限公司董事会 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 会议审议并通过了以下议案： 1、《关于调整部分机构的议案》 结合公司战略发展要求与项目管理效能提升的客观需要，为构建从战略规划、 项目立项到建设实施的全周期管理体系，整合规划发展部与工程管理部，成立规 划投资部。 经董事表决，11 票同意、0 票反对、0 票弃权。议案获得通过。 三、备查文 ...

Group 1 - The board of directors of Shanxi Taigang Stainless Steel Co., Ltd. held its 32nd meeting on June 21, 2025, via remote voting, with all 11 directors participating [1][2] - The board approved the repurchase and cancellation of 10.6658 million restricted stocks held by 247 incentive objects due to unmet performance targets for 2024 and other reasons such as resignation or retirement [1] - The total amount for the stock repurchase is approximately 37.81 million yuan [1]

Core Viewpoint - Company plans to repurchase and cancel 10.6658 million restricted stocks, leading to a corresponding reduction in registered capital by 10.6658 million yuan [1] Group 1: Stock Repurchase and Capital Reduction - The board of directors and the supervisory board approved the proposal to repurchase and cancel restricted stocks on June 21, 2025 [1] - The repurchase will involve 10.6658 million shares that have been granted but not yet released from restrictions [1] - The registered capital will be reduced by 10.6658 million yuan following the completion of the repurchase [1] Group 2: Creditor Notification - Creditors have 45 days from the announcement date to claim their debts or request guarantees [1] - If creditors do not declare their claims within the specified period, it will not affect the validity of their claims [1] - Creditors must submit written requests along with relevant documentation to the company for debt settlement or guarantees [1][2]

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that Shanxi Taigang Stainless Steel Co., Ltd. has complied with relevant laws and regulations regarding the repurchase and cancellation of restricted stocks as part of its 2021 A-share incentive plan [1][4][10]. Summary by Sections Legal Framework and Authorization - The law firm was engaged to provide legal advice on the repurchase and cancellation of restricted stocks under the 2021 A-share incentive plan, adhering to various Chinese laws and regulations [1][2]. - The company has completed necessary procedures and obtained approvals for the repurchase, including independent opinions from the board and supervisory committee [5][8]. Repurchase Reasons and Details - The repurchase is necessitated by the failure to meet performance targets set for 2024, as well as changes in the status of certain incentive recipients due to retirement or job changes [10][11]. - A total of 1,066.58 million shares will be repurchased at a price determined by the incentive plan, totaling approximately RMB 37,814,246.44 [12]. Compliance and Conclusion - The law firm concludes that the repurchase actions are in compliance with the relevant management measures, listing rules, and the incentive plan [12].

证券代码：000825 证券简称：太钢不锈 公告编号：2025-027 一、激励计划已履行的相关审议程序 八次会议分别审议通过了《关于公司<2021 年限制性股票激励计划（草案）及其 摘要>的议案》及其他相关议案。 来的国务院国有资产监督管理委员会《关于山西太钢不锈钢股份有限公司实施限 制性股票激励计划的批复》（国资考分2022166 号文），国务院国资委原则同 意公司实施限制性股票激励计划。 十一次会议分别审议通过了《关于公司<2021 年 A 股限制性股票激励计划（草案 修订稿）及其摘要>的议案》及其他相关议案。 股票计划激励对象名单的核查意见及公示情况说明》。 A 股限制性股票激励计划（草案修订稿）》等相关议案。 会第十二次会议，分别审议通过了《关于向激励对象授予限制性股票的议案》。 独立董事对相关事宜发表了同意的独立意见。 第十四次会议，分别审议通过了《关于回购部分限制性股票的议案》。独立董事 对相关事宜发表了同意的独立意见。 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。 山西太钢不锈钢股份有限公司（以下简称"公司"）于 ...

上海市锦天城律师事务所 上海市锦天城律师事务所 关于 山西太钢不锈钢股份有限公司 2021 年 A 股限制性股票激励计划回购注销部分限制性股票 的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 法律意见书 01F20220068-7 致：山西太钢不锈钢股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受山西太钢不锈钢股份有 限公司（以下简称"公司"或"太钢不锈"）的委托，并根据太钢不锈与本所签 订的专项法律顾问合同，担任公司 2021 年 A 股限制性股票激励计划（以下简称 "本次股权激励计划"）的专项法律顾问，并根据《中华人民共和国证券法》（以 下简称"《证券法》"）《中华人民共和国公司法》《上市公司股权激励管理办法》 《国有控股上市公司（境内）实施股权激励试行办法》《关于规范国有控股上市 公司实施股权激励制度有关问题的通知》《中央企业控股上市公司实施股权激励 工作指引》《深圳证券交易所股票上市规则》等有关法律、法规、规章及规范性 文件的规定，为 ...