Core Insights - The non-metal materials sector experienced a rise of 1.97% on November 13, with Ningxin New Materials leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Sector Performance - Ningxin New Materials (code: 920719) closed at 15.76, with a gain of 5.21% and a trading volume of 80,700 shares, amounting to a transaction value of 126 million [1] - Suotong Development (code: 603612) saw a closing price of 30.38, up 4.76%, with a trading volume of 557,500 shares and a transaction value of 1.689 billion [1] - Longgao Co., Ltd. (code: 605086) closed at 29.02, increasing by 4.39%, with a trading volume of 81,000 shares and a transaction value of 232 million [1] - Other notable performers include Tianma New Materials (code: 920971) with a 3.45% increase, and Dongfang Huizhen (code: 920175) with a 3.12% increase [1] Capital Flow - The non-metal materials sector saw a net inflow of 175 million from institutional investors, while retail investors experienced a net outflow of 89.97 million [1] - Specific stock capital flows indicate that Suotong Development had a net inflow of 141 million from institutional investors, while retail investors had a net outflow of 90.65 million [2] - Quartz Co., Ltd. (code: 603688) had a net inflow of 17.36 million from institutional investors, while retail investors had a net inflow of 8.52 million [2]

涉及诉讼结果公告 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、本次重大诉讼事项的基本情况 案件所处的诉讼阶段：收到准许撤诉的民事裁定书 收到民事裁定书的日期：2025 年 11 月 10 日 诉讼受理日期：2022 年 7 月 4 日 重审受理法院的名称：邯郸市永年区人民法院 二、本次重大诉讼事项的当事人及案件信息 （一）诉讼当事人情况 证券代码：920971 证券简称：天马新材 公告编号：2025-143 河南天马新材料股份有限公司 上市公司所处的当事人地位：被告 1. 重审原告（原审本诉原告、反诉被告、二审被上诉人）基本信息 姓名或名称：河北金力新能源科技股份有限公司 法定代表人：袁海朝 诉讼代理人及所属律所：陈耀江、河北全智律师事务所 2. 重审被告（原审本诉被告、反诉原告、二审上诉人）基本信息 姓名或名称：河南天马新材料股份有限公司 法定代表人：马淑云 诉讼代理人及所属律所：岳嵩峰、河南班固律师事务所 （二）纠纷起因及基本案情 河北金力新能源科技股份有限公司（以下简称"金力股份"）长期向 ...

证券代码：920971 证券简称：天马新材 公告编号：2025-144 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 11 月 10 日 15:00-16:00 活动地点：上海证券报•中国证券网路演中心：https://roadshow.cnstock.com/ 参会单位及人员：通过网络方式参与公司 2025 年第三季度报告业绩说明会 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、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。 三、 投资者关系活动主要内容 本次业绩说明会公司通过网络文字互动交流的方式就投资者关心的问题进 1 行了回答，主要问题及回复概要如下： 问题 1：请问公司三季度扣非后净利润同 ...

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]