证券代码：000825 证券简称：太钢不锈 公告编号：2025-020 山西太钢不锈钢股份有限公司 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 5 月 20 日（周二）15:00-17:00。届时 公司高管将在线就公司 2024 年度业绩、公司治理、发展战略、 经营状况、融资 计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流， 欢迎广大投资者踊跃参与！ 特此公告！ 山西太钢不锈钢股份有限公司董事会 2025 年 5 月 14 日 关于参加山西辖区上市公司 2025 年投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，山西太钢不锈钢股份有限公司（以下简 称"公司"）将参加由山西证监局、山西省上市公司协会与深圳市全景网络有限 公司联合举办的"山西辖区上市公司 2025 年投资者网上集体接待日暨年报业绩 说明会"，现将相关事项公 ...

Core Viewpoint - The Chinese silicon steel market is experiencing growth, with non-oriented silicon steel dominating production, accounting for 82% of the total output in the first half of 2024, while oriented silicon steel is also on the rise [1][3]. Group 1: Production and Market Trends - In the first half of 2024, China's silicon steel production reached 7.802 million tons, with non-oriented silicon steel production at 6.417 million tons and oriented silicon steel at 1.385 million tons [1]. - The total silicon steel production for 2024 is projected to exceed 15 million tons, maintaining a dominant share for non-oriented silicon steel [1]. - From 2019 to 2023, non-oriented silicon steel capacity increased from 10.96 million tons to 13.71 million tons, with a compound annual growth rate (CAGR) of 7.4% [3]. - Oriented silicon steel production grew from 1.78 million tons in 2019 to 2.96 million tons in 2023, with a forecast of 3.18 million tons for early 2024 [5]. Group 2: Company Developments - Major companies in the non-oriented silicon steel sector include Baosteel, Ansteel, and Taiyuan Iron & Steel, with Baosteel leading with a capacity of over 2 million tons, including 1 million tons of high-grade products [7]. - In the oriented silicon steel market, Baosteel also leads with a capacity of 1.16 million tons, while Wanfeng Electric is noted as the top private enterprise in this segment [7]. - Baosteel's production capabilities include a significant focus on high-grade and thin specifications, with ongoing expansions planned by companies like Shagang and New Steel [7][9].

Core Insights - The article discusses the current state and future prospects of the silicon steel industry, highlighting key players, their performance, and strategic developments in the sector [1][3][5]. Industry Overview - The silicon steel industry comprises numerous upstream companies involved in the production of silicon iron and industrial silicon, with major players including Junzheng Group, Ansteel, and New Steel Group [1]. - Midstream production includes companies like Baosteel, Shougang, Taiyuan Iron and Steel, and others, which are significant producers of silicon steel [1]. Company Performance - Baosteel is the world's leading producer of silicon steel, with a production capacity exceeding 4 million tons and a focus on high-value products [15][18]. - Shougang's revenue for the first three quarters of 2024 reached 819.7 billion yuan, with a gross margin of 3.74%, primarily from electrical steel products [13][14]. - Companies like Ansteel and Maanshan Steel are facing challenges, with negative ROE indicating operational inefficiencies and potential market issues [6][7]. Financial Metrics - Baosteel's EPS remains positive, reflecting strong profitability, while companies like Liugang and Chongqing Steel report negative EPS, indicating financial difficulties [7][9]. - The overall profit margin in the steel industry is under pressure, with a reported loss of 34.1 billion yuan in the black metal smelting and rolling industry for the first nine months of 2024 [7]. Market Capitalization - Baosteel's market capitalization stands at 148.32 billion yuan, showcasing its strong market position, while other companies like Baogang and Shougang have lower valuations due to performance issues [9][10]. Production Capacity and Developments - Baosteel's silicon steel production capacity includes 1 million tons per year of oriented silicon steel, leading the industry [15][18]. - Future projects include Shougang's new high-end non-oriented silicon steel production line, expected to produce 350,000 tons annually [18][20]. Strategic Planning - The industry is moving towards high-end, green, and intelligent production, with companies like Baosteel investing in smart manufacturing technologies [20][22]. - Future demand for oriented silicon steel is expected to grow due to the increasing market for high-efficiency transformers, driven by advancements in supercomputing centers [20][22].

Group 1 - The special steel concept index rose by 0.19%, ranking 6th among concept sectors, with 19 stocks increasing in value, led by Fuhuan Co., Sansteel Minguang, and Taiyuan Iron & Steel, which rose by 4.94%, 4.20%, and 4.12% respectively [1] - The stocks with the largest declines included Yongjin Co., Shagang Co., and Shangda Co., which fell by 8.31%, 3.76%, and 2.28% respectively [1] - The special steel concept sector saw a net inflow of 235 million yuan from main funds, with 16 stocks receiving net inflows, and 6 stocks exceeding 10 million yuan in net inflow, led by Hangang Co. with a net inflow of 266 million yuan [1] Group 2 - The top stocks by net inflow ratio included Fuhuan Co., Baosteel Co., and Hangang Co., with net inflow ratios of 13.23%, 8.86%, and 8.85% respectively [2] - The trading data for the top stocks in the special steel concept showed that Hangang Co. had a trading volume of 26.64 million yuan and a turnover rate of 7.88% [2] - Other notable stocks included Beijing Lier with a net inflow of 19.60 million yuan and a turnover rate of 4.06% [2] Group 3 - The stocks with the largest declines in net inflow included Shagang Co. and Ansteel Co., with declines of 5.44 million yuan and 1.12 million yuan respectively [3] - The overall performance of the special steel sector indicates a mixed sentiment among investors, with some stocks experiencing significant inflows while others faced outflows [4] - The trading activity reflects a cautious approach from investors, as evidenced by the varying turnover rates across different stocks in the sector [4]

Group 1: Economic Indicators - In the first quarter, the total profit of industrial enterprises above designated size reached 150.936 billion yuan, a year-on-year increase of 0.8% [4] - The Ministry of Commerce and six other departments announced an optimization of the departure tax refund policy, raising the cash refund limit to 20,000 yuan [4][6] Group 2: Company Earnings - Gujing Gongjiu reported a net profit of 5.517 billion yuan for 2024, a year-on-year increase of 20.22%, and proposed a dividend of 50 yuan per 10 shares [8] - Gree Electric reported a net profit of 32.185 billion yuan for 2024, a year-on-year increase of 10.91%, and proposed a dividend of 20 yuan per 10 shares [8] - Luzhou Laojiao reported a net profit of 13.473 billion yuan for 2024, a year-on-year increase of 1.71%, and proposed a dividend of 45.92 yuan per 10 shares [8] - Yake Technology reported a net profit of 872 million yuan for 2024, a year-on-year increase of 50.41%, and proposed a dividend of 2.6 yuan per 10 shares [8] - Yunda Holdings reported a net profit of 1.914 billion yuan for 2024, a year-on-year increase of 17.77%, and proposed a dividend of 2 yuan per 10 shares [8] Group 3: Significant Corporate Announcements - National City Mining reported a net profit of 612 million yuan for the first quarter of 2025, a year-on-year increase of 18,279.65%, primarily due to increased investment income from the sale of subsidiaries [9] - Zhenghe Ecology signed a strategic cooperation agreement with Yanshan (Hebei) Cultural Tourism Development Group, planning a total investment of 2 billion yuan for a tourism integration project [9] - New Life Fortune announced plans to issue shares and pay cash to acquire 100% of Guangzhou Jinnan Magnetic Materials, which is expected to constitute a major asset restructuring [9] - Chengdi Xiangjiang announced that its subsidiary won a bid for a project with a contract value of 1.632 billion yuan, with a construction period of 92 days [10]

国城矿业（维权）(000688)发布2025年一季报，公司一季度实现营业收入5.3亿元，同比增长77.25%；归 属于上市公司股东的净利润为6.12亿元，同比增长18279.65%。净利润增长主要系出售子公司产生的投 资收益增加所致。 太钢不锈(000825)发布2025年一季报，一季度实现营业收入233.1亿元，同比下降4.71%；净利润1.88亿 元，同比增长5506.92%。 深深房a(000029)发布2025年一季报，报告期内实现营业收入3.3亿元，同比增长457.38%；归属于上市公 司股东的净利润为7242.11万元，同比增长3718.51%。 青达环保(688501)4月27日晚间披露2025年一季报，公司一季度实现营业收入6.19亿元，同比增长 317.43%；净利润6871.27万元，同比增长990.26%。 上市公司进入2024年年报及2025年一季报的披露高峰期。 今夜又有多家上市公司大手笔分红。其中： 古井贡酒(000596)4月27日晚间发布2024年年度报告，公司实现营业收入235.78亿元，同比增长16.41%； 净利润55.17亿元，同比增长20.22%。公司拟以2024年末 ...

4月27日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者参 考。 【品大事】 海源复材：公司股票自4月29日起实行退市风险警示 海源复材(002529)晚间公告，公司股票将于2025年4月28日停牌一天，自4月29日起被实行"退市风险警 示"特别处理，股票简称变更为"*ST海源"，日涨跌幅限制为5%。 新莱福：拟购买金南磁材100%股份 股票28日复牌 新莱福(301323)晚间公告，公司拟筹划发行股份及支付现金购买广州金南磁性材料有限公司（简称"金 南磁材"）100%股份并募集配套资金暨关联交易事项，本次交易预计构成重大资产重组。公司股票将于 2025年4月28日开市起复牌。本次交易完成后，公司将通过整合金南磁材在永磁材料、软磁材料及PM粉 末冶金领域的核心技术优势，实现业务边界的战略性拓展与产业链深度协同。 红宝丽：子公司聚氨酯公司聚醚技术改造项目试生产成功 红宝丽(002165)晚间公告，子公司聚氨酯公司聚醚技术改造项目已建设完工并试生产成功，产出单体聚 醚、组合聚醚和特种聚醚合格产品。 星光股份：公司及相关人员收到广东证监局警示函 星光股份(002076)晚间公告，公 ...

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.1720 | -0.1900 | 9.47 | 0.0260 | | 每股净资产（元） | 5.71 | 5.87 | -2.73 | 6.08 | | 每股公积金(元) | 1.15 | 1.15 | 0 | 1.16 | | 每股未分配利润(元) | 3.02 | 3.19 | -5.33 | 3.42 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 1003.79 | 1056.18 | -4.96 | 976.54 | | 净利润(亿元) | -9.81 | -10.81 | 9.25 | 1.54 | | 净资产收益率(%) | -2.97 | -3.16 | 6.01 | 0.44 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 386239.46万股，累计占流通股比： 6 ...

山西太钢不锈钢股份有限公司 非经营性资金占用及其他关联资金往来情况的专项说明 2024年12月31日 非经营性资金占用及其他关联资金往来情况的专项说明 安永华明（2025）专字第70070609_Z03号 山西太钢不锈钢股份有限公司 山西太钢不锈钢股份有限公司董事会： 我们审计了山西太钢不锈钢股份有限公司的2024年度财务报表，包括2024年12月 31日的合并及公司资产负债表，2024年度的合并及公司利润表、股东权益变动表和现 金流量表以及相关财务报表附注，并于2025年4月24日出具了编号为安永华明（2025） 审字第70070609_Z01号的无保留意见审计报告。 按照《上市公司监管指引第8号——上市公司资金往来、对外担保的监管要求》的 要求，山西太钢不锈钢股份有限公司编制了后附的2024年度非经营性资金占用及其他 关联资金往来情况汇总表（以下简称"汇总表"）。 如实编制和对外披露汇总表，并确保其真实性、合法性、完整性是山西太钢不锈 钢股份有限公司的责任。我们对汇总表所载资料与我们审计山西太钢不锈钢股份有限 公司2024年度财务报表时所复核的会计资料和经审计的财务报表的相关内容进行了核 对，在所有重大方 ...

山西太钢不锈钢股份有限公司 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价 指引》的规定，建立健全和有效实施内部控制，并评价其有效性是太钢不锈董事会的责 任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意 见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 内部控制审计报告 2024年12月31日 内部控制审计报告 安永华明（2025）专字第70070609_Z01号 山西太钢不锈钢股份有限公司 山西太钢不锈钢股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了 山西太钢不锈钢股份有限公司（以下简称"太钢不锈"）2024年12月31日的财务报告内 部控制的有效性。 内部控制审计报告（续） 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的变 化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控制审 计报告推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，山西太 ...