证券代码：838971 证券简称：天马新材 公告编号：2025-055 河南天马新材料股份有限公司 2024 年年度股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 4 月 18 日 2.会议召开地点：公司会议室 3.会议召开方式：现场投票和网络投票相结合的方式 4.会议召集人：董事会 5.会议主持人：董事胡晓晔 6.召开情况合法、合规、合章程性说明： 2.公司在任监事 3 人，出席 3 人； 3.公司董事会秘书出席会议； 1 4.公司高级管理人员列席会议。 二、议案审议情况 本次股东大会的召集、召开、议案审议程序等方面均符合《公司法》等相关 法律、法规、规范性文件及《公司章程》的规定。 （二）会议出席情况 出席和授权出席本次股东大会的股东共 13 人，持有表决权的股份总数 62,880,883 股，占公司有表决权股份总数的 59.3171%。 其中通过网络投票参与本次股东大会的股东共 1 人，持有表决权的股份总 ...

北京市嘉源律师事务所 关于河南天马新材料股份有限公司 2024年年度股东大会的法律意见书 嘉源(2025)-04-212 北京市嘉源律师事务所 关于河南天马新材料股份有限公司 2024 年年度股东大会的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 SR EUT == 27 A YUAN LAW OFFICES 北京 BEIJING · 上海 SHANGHAI · 深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 致:河南天马新材料股份有限公司 北京市嘉源律师事务所(以下简称"本所")接受河南天马新材料股份有限 公司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称 《公司法》)、《上市公司股东会规则》(以下简称《股东会规则》)等现行有 效的法律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及《河 南天马新材料股份有限公司章程》(以下简称《公司章程》)的有关规定,指派 本所律师对公司 2024年年度股东大会(以下简称"本次股东大会")进行见证, 并依法出具本法律意见书。 为出具本法律意见书,本所指派律师 ...

证券代码：838971 证券简称：天马新材 公告编号：2025-054 河南天马新材料股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 4 月 11 日 15:00-16:30 活动地点：河南天马新材料股份有限公司（以下简称"公司"）在上海证券报 官网中国证券网（https://roadshow.cnstock.com）举办 2024 年年度报告网络业绩 说明会。 参会单位及人员：通过网络方式参与公司 2024 年年度报告业绩说明会的投 资者。 上市公司接待人员：公司董事长、总经理：马淑云女士；公司董事会秘书： 胡晓晔女士；公司财务负责人：茹红丽女士；中国国际金融股份有限公司保荐代 表人：杨曦先生。 1 三、 投资者关系活动主要内容 本次业绩说明会公司就投资者普遍关注的问题进行了沟通与交流，主要 ...

证券代码：838971 证券简称：天马新材 公告编号：2025-053 河南天马新材料股份有限公司 关于注销部分募集资金专项账户的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、募集资金情况概述 2022 年 9 月 2 日，中国证券监督管理委员会出具《关于同意河南天马新材 料股份有限公司向不特定合格投资者公开发行股票注册的批复》（证监许可〔2022〕 2026 号），同意公司向不特定合格投资者公开发行股票的注册申请。经北京证券 交易所《关于同意河南天马新材料股份有限公司股票在北京证券交易所上市的函》 （北证函〔2022〕195 号）批准，公司股票于 2022 年 9 月 27 日在北京证券交易 所上市。 公司本次发行股数 14,406,668 股（超额配售选择权行使前），发行价格为人 民币 21.38 元/股，募集资金总额为人民币 308,014,561.84 元（超额配售选择权行 使前），扣除发行费用人民币 25,859,452.20 元（不含增值税），募集资金净额为 人民币 282,15 ...

河南天马新材料股份有限公司 证券代码：838971 证券简称：天马新材 公告编号：2025-052 三、 参加人员 2024 年年度报告业绩说明会预告公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 说明会类型 河南天马新材料股份有限公司（以下简称"公司"）于 2025 年 3 月 28 日在北 京证券交易所信息披露平台（www.bse.cn）、中国证券报（www.cs.com.cn）、证 券时报（www.stcn.com）、上海证券报（www.cnstock.com）披露了《天马新材： 2024 年年度报告》（公告编号：2025-030），为方便广大投资者更全面深入了解公 司 2024 年度经营业绩的具体情况，加强与投资者的互动交流，公司拟召开 2024 年年度报告业绩说明会，广泛听取投资者的意见和建议。 二、 说明会召开的时间、地点 （一）会议召开时间：2025 年 4 月 11 日（星期五）15:00-16:30。 （二）会议召开地点 本次年度报告业绩说明会将采用网络方式召开，投资者可登 ...

Group 1 - The core viewpoint of the news is that Tianma New Materials (838971.BJ) is experiencing significant growth in its electronic ceramic powder materials segment, with a projected sales increase to 55% in 2024, representing a year-on-year growth of 92.25% [3] - The demand for electronic ceramic powder materials is driven by the consumer electronics and automotive electronics sectors, with notable increases in customer order volumes and sales reaching new highs, achieving a year-on-year growth of 80% [3] - The company has completed its fundraising project for a production line with an annual capacity of 50,000 tons of electronic ceramic powder materials, and all three rotary kilns and backend processing workshops are now operational [3] Group 2 - The company is focusing on expanding its overseas market presence, primarily supplying products through domestic subsidiaries of overseas clients and traders [3] - The overseas market strategy includes high-end products such as electronic ceramic powders, high-voltage electrical powders, spherical alumina powders, and grinding and polishing alumina powders, with some products currently in sample verification and small batch supply stages [3]

一、 投资者关系活动类别 √特定对象调研 □业绩说明会 □媒体采访 □现场参观 证券代码：838971 证券简称：天马新材 公告编号：2025-051 河南天马新材料股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 活动地点：线上会议 参会单位及人员：华源证券、西部证券、中信建投基金、博远基金、工银瑞 信基金、汇安基金、富安达基金、信达澳亚基金、人保资产管理公司、招商基金、 开源证券、山西证券、渤海证券、中金公司、中泰证券、联储证券、民生证券、 浙商证券、中山证券、长江证券、上海益和源资产管理有限公司、广东正圆私募 基金管理有限公司、上海颐歌资产管理有限公司、深圳市恒盈富达资产管理有限 公司、深圳市中兴威投资管理有限公司、深圳市国晖投资有限公司、上海滦海投 资管理有限公司、巨鹿投资、江苏苏豪投资集团有限公司、深圳拓朴私募股权基 1 金管理有限公司、上海朴信投资管理有限公司、上海明河投资尚正基金管理公司、 安联保险资产管理有限公司、上海递归私募基金管理有限公司、广东正圆私 ...

Group 1: Investor Relations Activities - The company conducted specific investor research and analyst meetings from March 31 to April 1, 2025, via an online conference [3][4]. Group 2: Fundraising Projects - The company has three fundraising projects: - The 50,000 tons electronic ceramic powder production line project has been completed - The 5,000 tons spherical alumina production line is in trial production and customer sample verification - The R&D center construction is expected to be completed within the year [4]. Group 3: Production Capacity - The three rotary kilns and backend processing workshops of the electronic ceramic powder production line have reached operational status, maximizing capacity utilization based on customer demand and raw material prices [5]. Group 4: Sales Growth - Sales of electronic ceramic powder materials increased by 92.25% year-on-year, with a 55% share of total sales in 2024, driven by demand from consumer electronics and automotive electronics [6]. Group 5: R&D Investment - R&D expenses have increased by over 20%, focusing on high-purity nano-alumina and third-generation semiconductor packaging materials, with collaborations with several research institutions [7]. Group 6: Raw Material Price Trends - The price of industrial alumina has decreased to around 3,000 RMB/ton in Q1 2025, with expectations of a weak bottoming phase throughout the year [8]. Group 7: Overseas Market Strategy - The company is focusing on overseas markets, supplying high-end products like electronic ceramic powder and spherical alumina through domestic subsidiaries and traders, with ongoing sample verification for several products [9]. Group 8: Product Development - The company has made breakthroughs in low-alpha spherical alumina powder and is transitioning to industrialization, with equipment installation and debugging ongoing for the upgraded production line [10].

Core Viewpoints - The company reported a revenue of 255 million in 2024, representing a year-on-year increase of 34.99%, and a net profit attributable to shareholders of 39 million, up 221.44% year-on-year [1] - The demand in the downstream electronic materials industry has been released, with significant revenue growth in electronic ceramics and high-voltage electrical powder materials, achieving increases of 92% and 94% respectively [2] Financial Performance - In Q4 2024, the company achieved a revenue of 74 million, a year-on-year increase of 39.9%, and a net profit attributable to shareholders of 14 million, up 227.98% year-on-year [1] - The gross profit margin for 2024 was 24.21%, a decrease of 2.02 percentage points compared to the previous year, primarily due to a significant rise in the price of industrial alumina [2] Product Development - The company is transitioning its key research product, Low-α ray spherical alumina, towards industrialization, having achieved breakthroughs in laboratory testing with radioactive elements below 5 ppb [3] - The company is enhancing its product portfolio by developing high-end applications, forming a multi-layered product structure that includes basic, core, and innovative high-end products [3] Capacity Expansion - Two new production lines are in the commissioning/testing phase, with a 50,000-ton electronic ceramic powder production line completed and a 5,000-ton high thermal conductivity powder production line in trial production [4] - The company is focusing on R&D innovation and capacity building, targeting high-purity nano-alumina and third-generation semiconductor packaging materials among others [4] Future Outlook - Revenue projections for 2025-2027 are estimated at 394 million, 470 million, and 549 million respectively, with year-on-year growth rates of 54%, 19%, and 17% [4] - The net profit attributable to shareholders is expected to be 59 million, 77 million, and 102 million for the same period, with growth rates of 50%, 31%, and 32% respectively [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved a significant increase in net profit attributable to shareholders, with a growth of 221% year-on-year for 2024, driven by strong sales in electronic ceramics and high-pressure electrical powder products [8] - The company is entering a new capacity release cycle in 2025, with an additional 60,000 tons of capacity, including 50,000 tons for electronic ceramics and glass, which is expected to enhance profitability [8] - The ongoing research and development efforts are yielding results, particularly in high-performance chip packaging materials, which will help the company expand into high-end application markets [8] - The company is expected to enter a phase of high-quality rapid development due to strong growth in downstream market demand [8] Financial Summary - Total revenue for 2024 is projected at 2.55 billion yuan, a year-on-year increase of 34.99% [8] - The net profit attributable to shareholders for 2024 is expected to be 0.39 billion yuan, reflecting a year-on-year growth of 221.44% [8] - Earnings per share (EPS) for 2024 is forecasted at 0.37 yuan, with corresponding P/E ratios of 91.53, 61.87, and 48.41 for 2025 and 2026 [1][9] - The company plans to invest 11.01 million yuan in R&D in 2024, a 23.25% increase from the previous year [8]