证券代码：838971 证券简称：天马新材 公告编号：2025-074 河南天马新材料股份有限公司 持股 5%以上股东权益变动达到 1%的提示性公告 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。 河南天马新材料股份有限公司（以下简称"公司"）于 2025 年 5 月 21 日收到 持股 5%以上股东王超出具的《股份减持进展告知函》，王超于 2025 年 4 月 21 日至 2025 年 5 月 21 日期间通过集中竞价累计减持公司股份 680,772 股，占公司 总股本的 0.6422%。持有公司股份比例从 7.5289%减少至 6.8867%，权益变动触 及 1%的情形。现将其有关权益变动情况公告如下： 一、本次权益变动基本情况 （一）信息披露义务人基本情况 | 信息披露义务人 | 名称 | | | 持股变动时间 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 王超 | 年 日至 2025 4 21 | 月 | | 年 月 ...

关于减少注册资本通知债权人的公告 证券代码：838971 证券简称：天马新材 公告编号：2025-072 河南天马新材料股份有限公司 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、通知债权人的原因 河南天马新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日召开 第四届董事会第三次会议，审议《关于回购注销部分限制性股票的议案》等相关 议案，因公司董事马淑云、胡晓晔、姚磊系前述相关议案关联董事，需回避表决， 前述相关议案因非关联董事不足三人直接提交股东会审议；2025 年 4 月 18 日， 公司召开第四届监事会第三次会议，会议审议通过《关于回购注销部分限制性股 票的议案》等相关议案。2025 年 5 月 8 日，公司召开 2025 年第二次临时股东会， 会议审议通过《关于回购注销部分限制性股票的议案》等相关议案。 根据《中华人民共和国公司法》《北京证券交易所股票上市规则》《北京证 券交易所上市公司持续监管指引第 3 号——股权激励和员工持股计划》等相关法 律法规、规范性文件以及 ...

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 证券代码：838971 证券简称：天马新材 公告编号：2025-070 河南天马新材料股份有限公司 2025 年第二次临时股东会决议公告 （一）会议召开情况 1.会议召开时间：2025 年 5 月 8 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：董事长马淑云 6.召开情况合法、合规、合章程性说明： 本次股东会的召集、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会的股东共 9 人，持有表决权的股份总数 50,035,980 股，占公司有表决权股份总数的 47.20%。 其中通过网络投票参与本次股东会的股东共 0 人，持有表决权的股份总数 0 股，占公司有表决权股份总数的 0.00%。 二、议案审议情况 审议通过《关于回购注销部分限制性股票的议案》 1.议案内容： 具 ...

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 2025 年第二次临时股东会的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 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 2025年第二次临时股东会(以下简称"本次股东会")进行见 证,并依法出具本法律意见书。 为出具本法律意见书,本所指派律师出席了本次股东会,查阅了公司提供的 与本次股东会有关的文件和资料,并进行了必要的审查和验证。在前述审查和验 证的过程中,本所律师得到公司的如下承诺和保证:就本所认为出具本法律意见 书所必需审查的事项而言,公司已经提供了全部相关的原始书面材料、副本材料 或口头证言,该等资料均属真实、准确、完整及有效,有关复印件与原件一致、 副本与正本一致。 SRCE Unless Pr ...

Financial Performance - The company reported a basic earnings per share of 0.0100 yuan for Q1 2025, a decrease of 85.71% compared to 0.0700 yuan in Q1 2024 [1] - Net profit for Q1 2025 was 0.01 billion yuan, down 85.71% from 0.07 billion yuan in Q1 2024 [1] - Operating revenue increased to 0.58 billion yuan in Q1 2025, representing a growth of 16% from 0.5 billion yuan in Q1 2024 [1] - The return on equity (ROE) fell to 0.21% in Q1 2025, a decline of 87.57% compared to 1.69% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 44.6146 million shares, accounting for 52.67% of the circulating shares, with a decrease of 2.2619 million shares compared to the previous period [1] - The largest shareholder, Wang Weicheng, holds 1,064.16 thousand shares, representing 12.57% of the total share capital, with no change [2] - Wang Dingmin and Wang Ruijie, two shareholders, saw significant reductions in their holdings, with decreases of 91.29 thousand shares and 91.90 thousand shares, respectively [2] Dividend Policy - The company has decided not to distribute dividends or transfer shares in this period [3]

Financial Performance - Operating revenue increased by 15.82% to CNY 57,700,072.99 for the first quarter of 2025 compared to the same period last year[12] - Net profit attributable to shareholders decreased by 86.98% to CNY 971,909.36 for the first quarter of 2025 compared to the same period last year[12] - The company's operating profit for Q1 2025 was CNY 740,689.79, a decrease from CNY 7,966,787.62 in Q1 2024, reflecting a significant decline in profitability[42] - Net profit for Q1 2025 was CNY 482,631.83, compared to CNY 6,940,467.88 in Q1 2024, indicating a year-over-year decrease of approximately 93%[43] - Total revenue for Q1 2025 reached CNY 57,700,072.99, up from CNY 49,765,029.24 in Q1 2024, representing an increase of about 16%[42] - Gross profit margin for Q1 2025 was approximately 0.66%, down from 0.84% in Q1 2024[39] Cash Flow - Net cash flow from operating activities increased by 581.77% to CNY 19,648,676.67 for the first quarter of 2025 compared to the same period last year[12] - The company's cash flow from operating activities for Q1 2025 was CNY 19,648,676.67, a substantial increase compared to CNY 2,882,021.35 in Q1 2024[45] - The total operating cash inflow for Q1 2025 was CNY 49,471,509.16, compared to CNY 31,868,030.80 in Q1 2024, reflecting a growth of approximately 55%[45] - The net cash flow from operating activities for Q1 2025 was CNY 19,716,691.46, compared to CNY 3,013,401.19 in Q1 2024, indicating a substantial improvement[47] - The company reported a net cash outflow from financing activities of CNY -39,251,091.50, compared to an inflow of CNY 11,212,092.40 in the previous period[48] - The company's investment activities yielded a net cash inflow of CNY 22,932,767.72, indicating successful investment recovery strategies[47] Assets and Liabilities - Total assets decreased by 7.79% to CNY 530,306,890.68 compared to the end of the previous year[12] - The company's asset-liability ratio decreased to 14.25% for consolidated financials, down from 21.35% at the end of the previous year[12] - Total liabilities decreased from ¥122,806,723.34 to ¥75,550,212.47, a reduction of about 38.5%[34] - Total equity increased to ¥454,756,678.21 from ¥452,310,506.78, reflecting a growth of approximately 0.5%[34] - Current assets total ¥268,228,025.65 as of March 31, 2025, down from ¥311,556,254.45 on December 31, 2024, indicating a decrease of approximately 13.9%[32] - Total assets as of March 31, 2025, were ¥528,883,171.52, down from ¥575,247,001.34 at the end of December 2024[36] Shareholder Information - The total number of ordinary shares at the end of the period is 106,008,002, with 79.57% being unrestricted shares[19] - Major shareholders include Ma Shuyun with 23.33% and Wang Weichen with 10.04% of the total shares[21] - The total number of shareholders holding ordinary shares is 10,239[19] - The total number of restricted shares held by major shareholders is 21,111,300[22] - The company has approved a stock incentive plan, granting 600,000 restricted shares to a core employee[26] - There were no significant changes in the number of shares held by major shareholders during the reporting period[21] Operational Costs and Expenses - Operating costs rose by 37.80% to CNY 50,644,851.50, primarily due to increased depreciation expenses from completed investment projects[14] - Financial expenses surged by 764.31% to CNY 311,580.70, attributed to increased bank loans and reduced interest income from financial investments[14] - Research and development expenses for Q1 2025 were ¥1,561,531.04, a decrease of 27.4% compared to ¥2,153,155.81 in Q1 2024[39] - Research and development expenses for Q1 2025 were CNY 1,561,531.04, down from CNY 2,123,655.86 in Q1 2024, showing a reduction of approximately 26%[43] Investment Activities - The company reported a significant increase in investment cash flow, with a net cash flow from investment activities of CNY 22,932,767.72, up 8,985.86%[14] - The company generated CNY 60,333,500.00 from investment cash inflows in Q1 2025, compared to CNY 30,000,000.00 in Q1 2024, marking a 101% increase[45] - The company received CNY 60,333,500.00 from investment recoveries in Q1 2025, up from CNY 30,000,000.00 in the same period last year, marking a 101% increase[47] Compliance and Legal Matters - The company has not engaged in any external guarantees or loans during the reporting period[25] - The company is in compliance with all major event disclosures and has no pending legal disputes[25] - There are no pledged or frozen assets reported during the period[25] - Cash assets amount to ¥10,412,877.24, representing 1.96% of total assets, due to judicial freezing[29]

证券代码：838971 证券简称：天马新材 公告编号：2025-068 河南天马新材料股份有限公司 第四届监事会第四次会议决议公告 本公司及监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 28 日 2.会议召开地点：公司会议室 3.会议召开方式：现场召开 4.发出监事会会议通知的时间和方式：2025 年 4 月 24 日以通讯或直接送达方式 发出 5.会议主持人：监事会主席郝婷婷 6.召开情况合法、合规、合章程性说明： 本次会议的召集、召开符合《中华人民共和国公司法》（以下简称《公司法》） 和《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， 会议的召开合法有效。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 （一）审议通过《关于公司 2025 年第一季度报告的议案》 河南天马新材料股份有限公司 1.议案内容： 具体内容详见公司在北京证券交易所指定信息披露平台（w ...

证券代码：838971 证券简称：天马新材 公告编号：2025-067 2.会议召开地点：公司会议室 3.会议召开方式：现场及通讯方式 河南天马新材料股份有限公司 第四届董事会第四次会议决议公告 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 28 日 4.发出董事会会议通知的时间和方式：2025 年 4 月 24 日以通讯或直接送达 方式发出 5.会议主持人：董事长马淑云 6.会议列席人员：监事、高级管理人员 7.召开情况合法、合规、合章程性说明： 本次会议的召开程序符合《中华人民共和国公司法》（以下简称《公司法》） 《中华人民共和国证券法》（以下简称《证券法》）和《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。 （二）会议出席情况 会议应出席董事 5 人，出席和授权出席董事 5 人。 独立董事黄志刚、王金淑因工作原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于公司 2025 年 ...

Investment Rating - The report maintains a "Recommended" rating for Tianma New Materials (838971.BJ) [1][2]. Core Views - The company achieved significant growth in both revenue and profit in 2024, with operating income reaching 254.85 million yuan, a year-on-year increase of 34.99%, and net profit attributable to shareholders of 39.38 million yuan, up 221.44% [2][4]. - The sales of electronic ceramic powder materials increased significantly, accounting for 55% of total sales, with a 92.25% year-on-year growth in revenue from this segment [2][4]. - The company is focusing on R&D, with expenses growing by over 20%, and is collaborating with several research institutions to enhance technology transfer [2][4]. - The company has completed the construction of a production line for 50,000 tons of electronic ceramic powder materials and is in the trial production phase for another line producing 5,000 tons of high thermal conductivity spherical alumina [2][4]. - The report forecasts net profits for 2025-2027 to be 58 million, 74 million, and 87 million yuan, respectively, with corresponding growth rates of 46.43%, 29.04%, and 16.49% [2][4]. Financial Summary - In 2024, the company reported operating income of 254.85 million yuan and a net profit of 39.38 million yuan, with a gross margin of 24.21% [4][7]. - The projected operating income for 2025 is 391 million yuan, with a net profit of 57.66 million yuan, reflecting a growth rate of 53.42% [4][7]. - The company's financial ratios indicate a healthy growth trajectory, with an expected P/E ratio of 55.13 in 2025 and a projected ROE of 11.31% [4][7].