Abstract: Microstructures and mechanical properties of the 25Mn twinning induced plasticity (TWIP) steel at different annealing temperatures were investigated. The results indicated that when the annealing temperature was 1000℃, the 25Mn steel showed excellent comprehensive mechanical properties, the tensile strength was about 640 MPa, the yield strength was higher than 255 MPa, and the elongation was above 82%. The microstructure was analyzed by optical microscopy (OM), X-ray diffraction (XRD), and transmission electron microscopy (TEM). Before deformation the microstructure was composed of austenitic matrix and annealing twins at room temperature; at the same time, a significant amount of annealing twins and stacking faults were observed by TEM. Mechanical twins played a dominant role in deformation and as a result the mechanical properties were found to be excellent.