Core Viewpoint - Taigang Stainless Steel (000825.SZ) is focusing on high-end product development and green manufacturing while responding to market demands and maintaining operational efficiency in a challenging steel industry environment [1][2][3] Group 1: Company Performance - In the first half of 2025, Taigang Stainless Steel achieved a revenue of 45.967 billion yuan and a net profit of 393 million yuan, representing a year-on-year increase of 182.74% [3] - The company's non-recurring net profit reached 316 million yuan, a significant increase of 652.96% compared to the same period last year [3] - Basic earnings per share were 0.069 yuan, up 187.50% year-on-year [3] Group 2: Industry Context - The steel industry is experiencing a decline in both supply and demand, with national macro-control policies positively impacting the profitability of carbon steel hot-rolled sheets [3] - The stainless steel sector is facing pressure on profitability due to challenges in both purchasing and sales [3] Group 3: Strategic Focus - The company is not planning significant capacity investments due to evident overcapacity in the stainless steel market, which has over 50 million tons of capacity with only a 70% operating rate [2] - Future strategies will focus on three dimensions: 1. Product high-endization, targeting high-demand products and enhancing brand value [2] 2. Green manufacturing, emphasizing low-carbon technologies and increased use of renewable energy [2] 3. Intelligent manufacturing, leveraging AI to redefine traditional steel production processes [2] Group 4: Project Involvement - Taigang Stainless Steel is poised to benefit from the Yajiang Hydropower Project, which is expected to generate a steel demand of 4-6 million tons, significantly impacting the steel industry [1] - The company has developed a range of supporting products for large-scale hydropower units since 2012, achieving recognition from both domestic and international high-end hydropower manufacturers [1]

Core Viewpoint - Taigang Stainless Steel is focusing on sustainable development and green transformation, with significant investments in environmental protection and low-carbon product manufacturing, aiming for carbon neutrality in the steel industry by 2050 [1][2]. Group 1: Environmental and Green Development - The company plans to invest 2.6 billion yuan in environmental operation costs in 2024, translating to 208 yuan per ton of steel, covering expenses for waste gas, wastewater, solid waste treatment, depreciation, environmental taxes, and monitoring fees [1]. - Taigang has invested nearly 800 million yuan in technology upgrades for environmental protection in recent years, emphasizing that environmental initiatives will continue to be a key focus [1]. - The company is recognized as one of the first green factories in China and has received international certification for its low-carbon stainless steel products [1]. Group 2: Product Development and Market Position - Taigang is enhancing its green manufacturing capabilities by optimizing energy use, adjusting raw material structures, and implementing digital management for low-carbon initiatives [2]. - The company has developed various low-carbon products tailored to customer decarbonization needs, with some products achieving over 60% reduction in carbon emissions [2]. - Taigang holds the largest domestic market share for several specialized steel products, including electromagnetic pure iron and railway axle steel [2]. Group 3: Financial Performance - In the first half of 2025, Taigang achieved a revenue of 45.967 billion yuan and a net profit of 393 million yuan, marking a year-on-year increase of 182.74% [3]. - The company's non-recurring net profit reached 316 million yuan, a significant increase of 652.96% compared to the same period last year [3]. - Basic earnings per share rose to 0.069 yuan, reflecting a growth of 187.50% year-on-year [3].

Core Viewpoint - The company reported significant improvements in its performance for the first half of 2025, driven by internal reforms and innovations despite a challenging external environment in the steel industry [1][2]. Company Performance - In the first half of 2025, the company achieved a revenue of 45.967 billion yuan and a net profit of 393 million yuan, marking a year-on-year increase of 182.74% [3]. - The company's non-recurring net profit reached 316 million yuan, a substantial increase of 652.96% compared to the same period last year [3]. - Basic earnings per share were 0.069 yuan, reflecting a growth of 187.50% year-on-year [3]. Industry Context - The steel industry in the first half of 2025 experienced a decline in both supply and demand, with the overall profitability of the industry improving due to favorable macroeconomic policies [2]. - The profitability of stainless steel was pressured by both purchasing and sales sides, indicating a challenging market environment [2]. Strategic Initiatives - The company is focusing on internal reforms, innovation, and enhancing operational efficiency through various strategies, including product differentiation and customer-centric market operations [1][2]. - The company has established overseas channels and is leveraging internal group channels to enhance its export capabilities, particularly through the opening of the China-Europe Railway Express [1][2]. Market Position - The company holds the leading market share in several specialized steel products, including electromagnetic pure iron and railway axle steel [2].

Group 1: Dividend Policy and Financial Performance - In 2024, Ansteel Co. will not distribute cash dividends or issue bonus shares due to a loss, in accordance with company bylaws, to ensure sustainable development and long-term interests of shareholders [2] - As of July 21, 2025, Ansteel's controlling shareholder, Anshan Iron and Steel, has cumulatively increased its shareholding by 36,143,538 shares, with a total investment of RMB 86.82 million [2] Group 2: Product Range and Market Applications - Ansteel offers a diverse product range including hot-rolled sheets, medium and thick plates, cold-rolled sheets, galvanized sheets, and seamless steel pipes, widely used in various industries such as machinery, metallurgy, and construction [3] - The company has leading R&D capabilities in medium and thick plate products, particularly in shipbuilding steel, which meets the current demands for various types of ship construction [3] Group 3: Production Capacity and Raw Material Procurement - In the first half of 2025, Ansteel produced 12.16 million tons of molten iron, maintaining stable production levels [4] - The company sources iron ore primarily from its own mines and has established agreements with Ansteel Group for stable procurement of iron concentrate, ensuring a reliable supply for its operations [4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （股份編號：0347） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 作 出。 茲載列鞍鋼股份有限公司（「本公司」）於二零二 五 年 八月二十七 日 在《中 國 證券報》、《證券時報》、《上海證券報》或巨潮資訊網(http://www.cninfo.com.cn) 刊 登 的 以 下 公 告 全 文，僅 供 參 考。 承董事會命 鞍鋼股份有限公司 王 軍 執行董事兼董事長 中國遼寧省鞍山市 二零二 五 年 八月二十六日 於 本 公 告 日 期，本 公 司 董 事 會 成 員 如 下： | 執 | 行 | 董 | 事： | | 獨 立 | 非 | 執 | 行 | 董 | 事： | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | -- ...

Group 1 - The core competitiveness of the company includes an annual production capacity of 14.56 million tons of steel, with 6.12 million tons being stainless steel, supported by specialized production bases in Taiyuan, Linyi, and Tianjin [1] - The company has over 800 proprietary technologies related to stainless steel and has completed more than 70% of the national standards for stainless steel plate and strip products [1] - The mission of the company is to "support advanced manufacturing and create a better life," with a vision to "become a leader in the global stainless steel industry" [1] Group 2 - The future development direction of the company focuses on "high-end, intelligent, green, and efficient" strategies, emphasizing reform and innovation [2] - The company aims to enhance asset operation efficiency and competitiveness while maintaining its current base layout and scale [2] - The company is committed to advancing digital intelligence and green low-carbon transformation, optimizing production lines, and adjusting product structures to create differentiated competitive advantages [2]

2025年05月19日，太钢不锈2024年度业绩说明会在全景网顺利举行。出席本次业绩说明会的人员有董事 长吴小弟、董事、总经理尚佳君、董事会秘书张志君、独立董事王东升。 2、问：董事长：您好！太钢近几年股价一直下跌，中央也出台维护资本市场稳定的政策，很多企业也 采取回购股票稳定市值，太钢作为国有企业也有责任，建议公司采用2-5亿资金回购股票，增加投资者 的信心。【征集问题】 回答：感谢您对公司提出的建议。 3、问：【查询-002】高管您好，请问贵公司未来盈利增长的主要驱动因素有哪些？谢谢。 回答：感谢您的提问。山西太钢不锈钢股份有限公司是全球不锈钢行业领军企业。1997年10月，太钢不 锈由太钢集团独家发起、公开募集设立；1998年6月，在深圳证券交易所上市（证券代码：000825）； 2006年6月，完成对太钢集团钢铁主业资产的收购，拥有了完整的钢铁生产工艺流程及相关配套设施。 2020年12月，持有太钢集团100%股权的山西省国运公司向中国宝武无偿划转其持有的51%股权，由 此，中国宝武通过太钢集团成为太钢不锈间接控股股东。太钢不锈专注发展以不锈钢为主的特殊钢，目 前已形成已形成年产1456万吨钢、其中6 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 （股份編號：0347） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 作 出。 茲 載 列 鞍 鋼 股 份 有 限 公 司（「本公司」）於 二 零 二 五 年 三月三十一日 在《中 國 證 券 報》、《證 券 時 報》、《上 海 證 券 報》或 巨 潮 資 訊 網(http://www.cninfo.com.cn) 刊 登 的 以 下 公 告 全 文，僅 供 參 考。 承董事會命 鞍鋼股份有限公司 王 軍 執行董事兼董事長 中國遼寧省鞍山市 二零二五年 三月三十日 於 本 公 告 日 期，本 公 司 董 事 會 成 員 如 下： | 執 | 行 | 董 | 事： | 獨 立 | 非 | 執 | 行 | 董 | 事： | | --- | --- | --- | --- | --- | --- | --- | ...