证券代码：920971 证券简称：天马新材 公告编号：2025-141 河南天马新材料股份有限公司 2025 年第三季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 10 月 28 日 在北京证券交易所信息披露平台（www.bse.cn）披露了《天马新材：2025 年三 季度报告》（公告编码：2025-139），为方便广大投资者更深入了解公司 2025 年 第三季度经营业绩的具体情况，进一步加强与投资者的互动交流，公司拟召开 2025 年第三季度报告网上业绩说明会。 二、 说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 10 日（星期一）15:00-16:00。 （二）会议召开地点 本次 2025 年第三季度报告业绩说明会将采用网络方式召开，投资者可登陆 上海证券报•中国证券网路演中心：https://roadshow.cnstock.com/fbh/tmxc202502 参与 ...

证券代码：920971 证券简称：天马新材 公告编号：2025-142 河南天马新材料股份有限公司 关于公司通过制造业单项冠军企业复核并完成公示的公告 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、基本情况 二、对公司的影响 制造业单项冠军企业是指长期专注于制造业特定细分领域，生产技术或工艺 达到国际领先水平，且单项产品全球或国内市场份额名列前茅的企业。单项冠军 企业是制造业创新发展的重要支柱，也是衡量制造业竞争实力的关键标志。 公司此次复核通过，既是对公司产品关键性能、市场地位及研发实力的再次 认可，也体现了企业在经营管理、质量管控等方面符合国家制造业单项冠军的动 态管理要求。公司将以此次复核为新起点，持续加大研发投入，深化核心技术突 1 破，巩固在细分领域的竞争优势，稳步扩大行业份额，切实履行对客户、股东的 价值承诺，为区域制造业高质量发展注入动能。 三、风险提示 公司本次进入第六批制造业单项冠军企业复核通过名单，不会对公司当期业 绩产生重大影响，敬请广大投资者谨慎投资，注意投资风险。 四、备 ...

Investment Rating - The investment rating for the company is "Outperform" (maintained) [1][3] Core Views - The company achieved a revenue of 207 million yuan in the first three quarters of 2025, representing a year-on-year increase of 14.29%. However, the net profit attributable to the parent company decreased by 57.54% to 10.70 million yuan due to depreciation impacts from completed fundraising projects [3][4] - The company has three fundraising projects, with the first project of producing 50,000 tons of electronic ceramic powder now in operation, while the second project for producing 5,000 tons of high thermal conductivity spherical alumina is in trial production [4][5] - The company is focusing on R&D innovation, with R&D expenses increasing by 2.81% year-on-year, and is collaborating with various academic institutions to accelerate the development of new products [5] Financial Summary and Valuation Indicators - Revenue is projected to grow from 189 million yuan in 2023 to 523 million yuan in 2027, with a compound annual growth rate (CAGR) of approximately 25% [7][10] - The net profit attributable to the parent company is expected to fluctuate, with estimates of 12 million yuan in 2023, 39 million yuan in 2024, and 35 million yuan in 2025, before increasing to 72 million yuan in 2027 [7][11] - The company's P/E ratio is projected to decrease from 320.6 in 2023 to 54.3 in 2027, indicating an improving valuation over time [7][10]

证券代码：920971 证券简称：天马新材 公告编号：2025-140 河南天马新材料股份有限公司 □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 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 √其他 （投资者线上交流会） 二、 投资者关系活动情况 活动时间：2025 年 10 月 30 日 活动地点：进门财经 三、 投资者关系活动主要内容 问题一：能否简要拆解各类产品三季度的营收情况及同比增速情况？ 回答：2025 年上半年，营业成本增加的主要原因是 2024 年下半年原材料 工业氧化铝价格较大幅度上涨，而由于生产周期与实现销售期间存在时滞，高 参会单位及人员：西部证券、北大方正人寿保险、滦海投资、平安基金、创 金合信、景顺长城基金、递归私募、第一创业自营 1 成本存货在 2025 年上半年实现销售并结转营业成本，同时，募投项目投入使 用，摊销增加，导致营业成本增长幅度高于营业收入增长幅度。 上市公司接待人 ...

Market Overview - The non-metal materials sector experienced a decline of 0.96% on November 3, with Tianma New Materials leading the drop [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - Key stocks in the non-metal materials sector showed varied performance, with the following notable movements: - Liliang Diamond (301071) increased by 2.11% to a closing price of 39.27, with a trading volume of 128,200 shares and a turnover of 497 million yuan [1] - Tianma New Materials (920971) decreased by 3.88% to a closing price of 37.37, with a trading volume of 90,900 shares and a turnover of 353 million yuan [2] - Other stocks like Longgao Co. (605086) and Jiangsu Materials (001296) also showed slight increases of 0.37% and 0.46%, respectively [1][2] Capital Flow - The non-metal materials sector saw a net outflow of 31.84 million yuan from institutional investors, while retail investors contributed a net inflow of 35.13 million yuan [2] - Detailed capital flow for specific stocks indicated that: - Liliang Diamond had a net outflow of 14.67 million yuan from institutional investors, but a net inflow of 22.05 million yuan from retail investors [3] - Longgao Co. experienced a net outflow of 2.28 million yuan from institutional investors, with a net inflow of 1.45 million yuan from retail investors [3]

Market Overview - The non-metal materials sector experienced a decline of 0.86% on October 30, with Bingyang Technology leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers included: - Liliang Diamond (301071) with a closing price of 42.00, up 3.86% and a trading volume of 359,600 shares, totaling 1.466 billion yuan [1] - Tianma New Materials (920971) closed at 37.62, up 3.12% with a trading volume of 108,700 shares, totaling 406 million yuan [1] - Significant decliners included: - Bingyang Technology (920675) closed at 12.13, down 5.23% with a trading volume of 70,500 shares, totaling 87.4716 million yuan [2] - Quartz Shares (603688) closed at 42.08, down 2.05% with a trading volume of 260,200 shares, totaling 1.117 billion yuan [2] Capital Flow - The non-metal materials sector saw a net outflow of 210 million yuan from institutional investors, while retail investors had a net inflow of 266 million yuan [2][3] - The capital flow for key stocks showed: - Liliang Diamond had a net outflow of 34.2155 million yuan from institutional investors, but a net inflow of 30.9384 million yuan from retail investors [3] - Longgao Co. (605086) experienced a net outflow of 1.7845 million yuan from institutional investors, with a net inflow of 1.0490 million yuan from retail investors [3]

Core Insights - The non-metal materials sector increased by 0.9% on October 29, with Tianma New Materials leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Tianma New Materials (code: 920971) closed at 36.48, with a rise of 13.50% and a trading volume of 87,300 shares, resulting in a transaction value of 301 million yuan [1] - Bingyang Technology (code: 920675) saw a closing price of 12.80, up 10.54%, with a trading volume of 100,300 shares and a transaction value of 121 million yuan [1] - Ningxin New Materials (code: 920719) closed at 15.70, increasing by 6.22%, with a trading volume of 75,100 shares and a transaction value of 114 million yuan [1] - Other notable performers include Dongfang Xiayuan (code: 920175) with a 5.16% increase, Suotong Development (code: 603612) with a 4.27% increase, and Qilu Huaxin (code: 920832) with a 1.81% increase [1] Capital Flow - The non-metal materials sector experienced a net outflow of 78.1263 million yuan from institutional investors, while retail investors saw a net inflow of 120 million yuan [2][3] - The capital flow for individual stocks indicates that Strength Diamond (code: 301071) had a net inflow of 56.3956 million yuan from institutional investors, while Longgao Co. (code: 605086) experienced a net outflow of 4.5837 million yuan [3]

Core Insights - The North Exchange stocks showed strong performance in the afternoon, with the North 50 Index rising nearly 9% [1] - Notable gainers included Huaxin Yongdao up 25%, Better Ray up over 18%, and Fujida up over 16% [1] - The Chairman of the North Exchange, Lu Songbin, announced plans to optimize the index system and introduce the North 50 ETF, enhancing trading convenience [1] Company Performance - Huaxin Yongdao: October increase of 25.21%, total market value of 4.057 billion, year-to-date increase of 5.52% [2] - Better Ray: October increase of 18.74%, total market value of 39.6 billion, year-to-date increase of 82.19% [2] - Fujida: October increase of 16.37%, total market value of 6.407 billion, year-to-date increase of 25.64% [2] - Tianma New Materials: October increase of 13.88%, total market value of 3.846 billion, year-to-date increase of 45.86% [2] - Tonghui Electronics: October increase of 13.64%, total market value of 7.052 billion, year-to-date increase of 211.92% [2] - Shuguang Digital Innovation: October increase of 13.19%, total market value of 19.2 billion, year-to-date increase of 42.24% [2]

证券代码：920971 证券简称：天马新材 公告编号：2025-138 河南天马新材料股份有限公司 第四届董事会第六次会议决议公告 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 10 月 28 日 6.会议列席人员：公司高级管理人员 7.召开情况合法合规的说明： 本次会议的召集、召开、议案审议程序符合有关法律、行政法规、部门规章、 规范性文件和《公司章程》的规定。 （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。 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 4.发出董事会会议通知的时间和方式：2025 年 10 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 董事长马淑云女士、独立董事黄志刚先生、王金淑女士因工作原因以通讯方 式参与表决。 二、案审议情况 （一）审议通过《关于公司 2025 年第三季度报告的议案》 1.议案内容： 1 根据《中华人民共和国公司法》 ...

Core Insights - The non-metal materials sector experienced a significant increase of 2.63% on October 27, with Lianrui New Materials leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Stock Performance - Lianrui New Materials (688300) closed at 63.63, with a rise of 10.28% and a trading volume of 129,000 shares, amounting to a transaction value of 825 million yuan [1] - Suotong Development (603612) rose by 4.15% to close at 25.60, with a trading volume of 250,200 shares and a transaction value of 639 million yuan [1] - Longgao Co., Ltd. (605086) increased by 3.34% to 24.72, with a trading volume of 26,700 shares and a transaction value of 65.33 million yuan [1] - Tianma New Materials (920971) saw a 2.49% increase, closing at 32.96, with a trading volume of 28,400 shares and a transaction value of 93.34 million yuan [1] - Kuncai Technology (603826) had a marginal increase of 0.16%, closing at 18.47, with a trading volume of 23,600 shares and a transaction value of 43.63 million yuan [1] - Qilu Huaxin (920832) and Dongfang Xiyuan (920175) experienced slight declines of 0.24% and 0.39%, respectively [1] Capital Flow - The non-metal materials sector saw a net outflow of 120 million yuan from institutional investors, while retail investors contributed a net inflow of 171 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing while retail investors showed interest in the sector [2] Detailed Capital Flow Analysis - Longgao Co., Ltd. (605086) had a net outflow of 2.27 million yuan from institutional investors but a net inflow of 1.54 million yuan from retail investors [3] - Kuncai Technology (603826) experienced a net outflow of 1.27 million yuan from institutional investors, while retail investors contributed a net inflow of 0.78 million yuan [3] - Lianrui New Materials (688300) faced a net outflow of 4.81 million yuan from institutional investors, but retail investors contributed a significant net inflow of 8.08 million yuan [3]