行业承压下的"利润逆袭" 太钢不锈是央企中国宝武钢铁控股子集团，定位为中国宝武旗下不锈钢全产业链旗舰平台公司，是全球 不锈钢龙头和山西省特钢材料"链主"企业。 2025年钢铁行业仍未走出调整周期。根据国家统计局数据，前三季度，全国累计生产粗钢7.46亿吨，同 比下降2.9%；国内折合粗钢表观消费量6.49亿吨，同比下降5.7%，预计全年粗钢表观消费量将低于2024 年，连续第五年下降。且整体看，钢铁产量和消费仍呈下降趋势，消费降幅大于产量降幅。 本报讯(记者刘钊)近日，山西太钢不锈（000825）钢股份有限公司(以下简称"太钢不锈")披露2025年三 季报。财报显示，今年前三季度，该公司实现营业收入680.04亿元，实现归母净利润5.68亿元，同比增 长202.48%。按单季度数据看，该公司第三季度营业总收入220.37亿元，同比下降13.82%，归母净利润 1.75亿元，同比上升125.25%，更显经营韧性。 尽管重点钢企利润总额同比增长1.9倍，但这是建立在2024年"三高三低"(高产量、高成本、高出口，低 需求、低价格、低效益)的基数之上，且行业分化加剧。大型钢企凭借抗风险能力稳扎稳打，中小企业 仍在盈 ...

Core Viewpoint - The company, Taiyuan Iron and Steel (Group) Co., Ltd. (TISCO), reported a mixed performance in the first half of 2025, with a decline in revenue but a significant increase in net profit, driven by cost reduction and innovation strategies [3][4][5]. Group 1: Financial Performance - In the first half of 2025, TISCO achieved an operating income of 45.967 billion yuan, a year-on-year decrease of 7.54% [3]. - The net profit attributable to shareholders was 393 million yuan, a year-on-year increase of 182.74%, marking a turnaround from losses [3]. - The net profit excluding non-recurring gains and losses was 316 million yuan, a year-on-year increase of 652.96% [3]. Group 2: Operational Strategies - The company focused on market engagement and internal efficiency, restructuring and reducing costs while innovating products [3][4]. - TISCO enhanced its integrated operation mechanism from research and development to manufacturing and marketing, strengthening its channel construction and brand influence [3]. - The company maintained stable export volumes while actively developing international markets, particularly in Belt and Road countries [3]. Group 3: Innovation and Product Development - TISCO generated 558 million yuan in revenue from new products in the first half of 2025 [5]. - The company recently developed two new "hand-torn steel" products, achieving breakthroughs in domestic production for high-temperature superconducting substrate precision foil and mask plate precision foil [5]. - TISCO launched the world's first stainless steel for offshore photovoltaic brackets, contributing to material upgrades in the photovoltaic industry [5][6]. Group 4: Future Focus - The company plans to enhance customer-centric operational mechanisms and improve product market competitiveness [6]. - TISCO aims to boost efficiency across all operations, emphasizing that efficiency is crucial for profitability [6]. - The focus will also be on green and intelligent development to drive the company's transformation and upgrade [6].