交流会上，问及雅下水电工程受益情况，太钢不锈称，雅江水电站为人类历史最大水电项目，预计钢材 需求400-600万吨，含配套需求超800万吨，对钢铁行业（含公司）需求拉动显著。公司产品在水电机组 特殊钢领域有显著优势，如磁铬钢、磁极钢、硅钢、不锈钢中厚板、不锈钢水电板、不锈钢复合板。产 品获国内外高端水电制造商高度认可，并通过中国钢铁协会及多家中外企业认证。 太钢不锈自2012年起针对百万千瓦级机组，研发了一系列配套产品，在高强度、高频直度、高表面质 量、低应力方面国内国际领先。接下来，公司将继续紧密关注雅江项目的实际需求，与水电制造商保持 密切联系，争取为项目贡献力量，同时带动公司相关产品的推广和应用。 9月11日下午，太钢不锈（000825）（000825.SZ）2025年半年度业绩说明会在全景路演成功举办。太钢 不锈董事长、党委书记吴小弟，太钢不锈董事、总经理尚佳君，太钢不锈董事会秘书张志君，太钢不锈 独立董事王东升出席本次说明会。 全景网了解到，报告期内，面对严峻复杂的市场形势，太钢不锈坚持"四化"发展方向、"四有"经营原 则，以改革创新为动力，加大高精尖特产品研发力度，深化以客户为中心的市场化经营机制 ...

Group 1: Company Performance and Strategy - The company achieved significant improvement in performance in the first half of 2025, particularly in Q2, exceeding market expectations due to internal reforms, cost reduction, and efficiency enhancements [3] - The steel industry faced a supply strong and demand weak situation, with the company focusing on customer-centric market operations and continuous internal reforms [3] - The company plans to maintain a market-oriented operational mechanism and enhance differentiated product development [3] Group 2: Impact of Trade Policies - The company has zero direct exports to the U.S. and has canceled its U.S. operations due to trade policy changes and increased trade disputes since 2020 [4] - The company is building overseas channels and has opened the China-Europe Railway Express to enhance export competitiveness [4] - Confidence in achieving annual export targets remains high, supported by the Belt and Road Initiative [4] Group 3: Industry Trends and Challenges - The domestic stainless steel production capacity is approximately 53 million tons, with a consumption volume of only 33 million tons, leading to intense market competition [6] - In the first half of 2025, stainless steel production increased by 5.3%, while consumption grew by 3.1%, indicating a supply surplus [6] - The Ministry of Industry and Information Technology has issued guidelines to stabilize growth in the steel industry, focusing on supply-demand coordination and capacity control [7] Group 4: Environmental and Sustainability Initiatives - The company's environmental operating costs for 2024 are projected to be 2.6 billion yuan, translating to 208 yuan per ton of steel [6] - The company is committed to sustainable development and has been recognized as a leading green factory, with low-carbon stainless steel products certified internationally [6] - Investment of nearly 800 million yuan has been made in recent years for technological upgrades to support green manufacturing and product development [8] Group 5: Future Goals and Innovations - The company aims to enhance product high-end positioning and focus on green technology breakthroughs during the 14th Five-Year Plan [4][5] - Plans include increasing the proportion of green products and achieving a 30% reduction in carbon emissions by 2030, contributing to the steel industry's carbon neutrality goal by 2050 [8] - The company is leveraging AI technology to redefine steel manufacturing, improving production efficiency and quality [5]