资料显示，江苏武进不锈股份有限公司位于江苏省常州市天宁区郑陆镇武澄西路1号，成立日期2001年3 月30日，上市日期2016年12月19日，公司主营业务涉及工业用不锈钢管及管件的研发、生产与销售。主 营业务收入构成为：无缝管75.33%，焊管21.60%，管件及其他3.07%。 武进不锈所属申万行业为：钢铁-普钢-钢铁管材。所属概念板块包括：养老金概念、超超临界发电、核 电、油气勘探、小盘等。 截至6月30日，武进不锈股东户数1.79万，较上期减少3.48%；人均流通股31381股，较上期增加3.60%。 2025年1月-6月，武进不锈实现营业收入11.21亿元，同比减少26.82%；归母净利润7549.75万元，同比减 少46.05%。 分红方面，武进不锈A股上市后累计派现11.40亿元。近三年，累计派现5.00亿元。 责任编辑：小浪快报 9月17日，武进不锈盘中上涨2.11%，截至09:52，报7.27元/股，成交5274.00万元，换手率1.32%，总市 值40.79亿元。 资金流向方面，主力资金净流入442.43万元，特大单买入271.90万元，占比5.16%，卖出149.04万元，占 比2.83%； ...

Core Viewpoint - Jiangsu Wujin Stainless Steel Co., Ltd. reported a significant decline in revenue and net profit for the first half of 2025, indicating challenges in the stainless steel industry due to reduced demand and increased operational pressures [1][2]. Company Overview and Financial Indicators - The company’s main business involves the research, production, and sales of industrial stainless steel pipes and fittings, primarily used in industries such as petroleum, chemical, natural gas, and power equipment manufacturing [3]. - For the first half of 2025, the company achieved operating revenue of approximately CNY 1.12 billion, a decrease of 26.82% compared to the same period last year [2]. - The total profit for the period was approximately CNY 81.32 million, down 49.04% year-on-year, while the net profit attributable to shareholders was approximately CNY 75.50 million, a decline of 46.05% [2]. - The company’s total assets increased by 2.81% to approximately CNY 4.16 billion, and the net assets attributable to shareholders rose by 0.81% to approximately CNY 2.62 billion [2]. Business Operations and Market Conditions - The company operates on an "order-based production" model, producing a variety of products based on customer demand, which has been affected by a decline in construction steel demand and stable manufacturing steel demand [3]. - The stainless steel industry in China faced challenges, with imports decreasing by 25.30% to 827,500 tons, while exports increased by 5.70% to 2.5 million tons [3]. - The apparent consumption of stainless steel in China rose by 3.10% to 16.57 million tons, indicating a mixed market environment with both growth and challenges [3]. Financial Performance Analysis - The company’s operating costs decreased by 24.90% to approximately CNY 959.28 million, reflecting efforts to manage expenses amid declining revenues [4]. - The net cash flow from operating activities was approximately CNY 109.24 million, down 63.63% compared to the previous year, indicating tighter cash flow management [4]. - Research and development expenses increased by 68.88% to approximately CNY 32.07 million, highlighting the company's commitment to innovation despite financial pressures [4]. Quality and Certification - The company emphasizes high product quality and has obtained various certifications, including ISO 9001 and API certification, which enhance its reputation in both domestic and international markets [5][6]. - The company has established long-term partnerships with major clients, including Sinopec and Saudi Aramco, which underscores its competitive position in the industry [5]. Shareholder and Governance Information - As of the end of the reporting period, the company had a total of 17,879 shareholders, with the top three shareholders holding a combined 34.83% of the shares [7]. - The company did not propose any profit distribution or capital reserve transfer plans for the reporting period, indicating a focus on retaining earnings for future investments [7].