Financial Performance - For the fiscal year 2025, total revenue reached approximately RMB 152.9 million, an increase of about 7.4% compared to RMB 142.4 million in fiscal year 2024[7]. - Gross profit for fiscal year 2025 was approximately RMB 44.9 million, up 8.1% from RMB 41.6 million in fiscal year 2024, with a gross margin improvement from 29.2% to 29.4%[7]. - The company reported a net profit of approximately RMB 4.9 million for fiscal year 2025, a turnaround from a net loss of RMB 12.5 million in fiscal year 2024[7]. - The total revenue for the year ended December 31, 2025, was approximately RMB 152.9 million, an increase of 7.4% year-on-year, primarily driven by the growth in sales of unprocessed marble[16]. - The gross profit for the year was approximately RMB 44.9 million, an increase of 8.1% year-on-year, with a gross margin of 29.4%, up 0.2 percentage points from the previous year[16]. - The company recorded a net profit of approximately RMB 4.9 million, compared to a net loss of approximately RMB 12.5 million in the previous year[16]. - The revenue from unprocessed marble sales in fiscal year 2025 was approximately RMB 15.0 million, significantly up from RMB 4.0 million in fiscal year 2024 due to expanded mining activities[42]. - The company reported a total of 4,009,000 tons of materials mined in FY2025, including approximately 3,510,000 tons of unprocessed marble and waste rock, and 499,000 tons of unprocessed graphite ore[35]. - The sales cost increased to approximately RMB 108.0 million in fiscal year 2025, up about 7.1% from RMB 100.8 million in fiscal year 2024[43]. - The gross profit margin improved to 29.4% in FY2025 from 29.2% in FY2024, while the net profit margin shifted to 3.2% from a loss of 8.8%[59]. Revenue Breakdown - Sales of spherical graphite and its by-products generated revenue of approximately RMB 28.7 million, a decrease of about 2.7% from RMB 29.4 million in the previous fiscal year[7]. - Sales of flake graphite concentrate amounted to approximately RMB 109.3 million, reflecting a slight increase of 0.3% from RMB 109.0 million in fiscal year 2024[7]. - Revenue from the sale of spherical graphite and its by-products in FY2025 was RMB 28.652 million, accounting for 18.7% of total revenue, compared to RMB 29.436 million and 20.7% in FY2024[37]. - Revenue from the sale of flake graphite concentrate in FY2025 was RMB 109.306 million, representing 71.5% of total revenue, slightly increasing from RMB 108.966 million and 76.5% in FY2024[37]. - Revenue from the sale of unprocessed marble in FY2025 was RMB 14.958 million, significantly increasing from RMB 3.969 million in FY2024, representing 9.8% of total revenue[37]. Market Conditions - The natural graphite market remained stable at a cyclical low, with no significant changes in demand or pricing compared to fiscal year 2024[7]. - The competition in the new energy vehicle industry has intensified, impacting the demand for natural graphite products, which face challenges in maintaining prices[15]. - The natural graphite anode industry is currently in a deep adjustment period, but the company remains optimistic about the future, adapting its development pace according to market changes[20]. Operational Developments - The company is focused on expanding its operations and enhancing its product offerings in the graphite sector[7]. - The company plans to significantly increase the permitted annual graphite extraction from the Beishan mine, currently at 500,000 tons, to ensure future development[19]. - An additional investment of RMB 26.5 million was made in 2025 to convert forest land into construction land for the development of the Beishan mine and the establishment of a new selection and processing plant[19]. - The total production of graphite products increased from 55,200 tons in the fiscal year 2024 to approximately 59,900 tons in the fiscal year 2025[18]. Corporate Governance - The board of directors consists of two executive directors and four independent non-executive directors, ensuring a strong independent element in governance[102]. - The company is committed to maintaining high corporate governance standards to protect shareholder interests and enhance shareholder value[94]. - The board is responsible for overseeing the company's overall strategy, financial performance, and risk management systems[95]. - The company has complied with all applicable corporate governance code provisions during the reporting period, except for a specific provision regarding the separation of roles of chairman and CEO[102]. - The audit committee, consisting of four members, is tasked with reviewing financial statements and overseeing internal controls and risk management systems[114]. Employee and Workplace Policies - The company is committed to creating a safe and healthy work environment, advocating for diversity and equality in the workplace[23]. - The total number of employees decreased from 189 in fiscal year 2024 to 161 in fiscal year 2025, with full-time employees dropping from 139 to 114[63]. - Employee benefits expenses for the fiscal year 2025 were approximately RMB 19.5 million, compared to RMB 21.4 million in fiscal year 2024, reflecting a reduction in workforce due to competitive conditions in the graphite industry and cost control measures[63]. - The company aims to create favorable conditions to attract more women into the workforce, addressing challenges in the labor market[127]. Risk Management - The board is responsible for establishing and maintaining effective risk management and internal control systems[135]. - The company has adopted a whistleblowing policy allowing employees and stakeholders to report potential misconduct confidentially[138]. - The board has conducted an annual review of the risk management and internal control systems, finding no significant areas of concern[137]. - The risk management system includes a self-assessment method that regularly evaluates and manages risk status[136]. Future Outlook - The company aims to enhance operational efficiency and explore strategic opportunities in the mining business and overall graphite market to drive profitability and maximize long-term shareholder returns[165]. - The company aims to enhance its corporate culture to achieve long-term sustainable growth and success, positioning itself as a representative in the graphite industry in China[93]. - In 2025, the company will focus on business expansion, customer satisfaction, operational safety and efficiency, and environmentally friendly production to fulfill its corporate mission and values[93].

本 公 告所 載 資 料 乃 基於 本 公 司 目前 所 得 資 料 及董 事 會 對 根 據適 用 香 港 財務 報 告 準則 編 製 的 管 理賬 目 的 初 步評 估 ， 其 未 經本 公 司 獨 立 核數 師 及 ╱ 或審 核 委 員會 審 核 或 審 閱， 因 此 可 予進 一 步 調 整 。本 集 團 二 零 二五 年 全 年 的未 經 審 核綜 合 財 務 業 績預 期 將 於 二零 二 六 年 三 月底 前 發 佈 ， 其可 能 與 本 公告 所載數字及資料有所不同。 香 港 交易 及 結 算 所 有限 公 司 及 香港 聯 合 交 易 所有 限 公 司 對 本公 告 之 內 容概 不 負 責， 對 其 準 確 性或 完 整 性 亦不 發 表 任 何 聲明 ， 並 明 確 表示 ， 概 不 對因 本 公 告全 部 或 任 何 部份 內 容 而 產生 或 因 倚 賴 該等 內 容 而 引 致之 任 何 損 失承 擔任何責任。 China Graphite Group Limited 中 国 石 墨 集 团 有 限 公 司 （ 於開曼群島註冊成立的有限公司 ） （股份代號：2237） 截至二零二五 ...

香 港 交易 及 結 算 所 有限 公 司 及 香港 聯 合 交 易 所有 限 公 司 對 本公 告 的 內 容概 不 負 責， 對 其 準 確 性或 完 整 性 亦不 發 表 任 何 聲明 ， 並 明 確 表示 ， 概 不 對因 本 公 告全 部 或 任 何 部份 內 容 而 產生 或 因 倚 賴 該等 內 容 而 引 致的 任 何 損 失承 擔任何責任。 China Graphite Group Limited 香港，二零二六年三月六日 於 本 公告 日 期 ， 董 事會 成 員 包 括執 行 董 事 趙 亮先 生 及 李 偉 海先 生 ； 以 及獨 立非執行董事申士富先生、劉澤政先生、趙婧冉女士及何凱棟先生。 中 国 石 墨 集 团 有 限 公 司 （ 於開曼群島註冊成立的有限公司 ） （股份代號：2237） 董事會會議日期 中 国 石 墨 集 团 有 限 公 司（「 本 公 司 」， 連 同 其 附 屬 公 司 統 稱「 本 集 團 」）董 事 （「董事」）會（「董事會」）謹此公佈，董事會會議將於二零二六年三月二十六 日（ 星期四 ）舉行，藉以（ 其中包括 ）考慮及批准本集團截至二零二五年十二 月三十 ...

公司名稱: 中国石墨集团有限公司 呈交日期: 2026年3月3日 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02237 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.001 | HKD | | 2,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.001 | HKD | | 2,000,000 | 本月底法定/註冊股本 ...

Core Viewpoint - The release of the foreign versions of the national standards for "Flake Graphite" and "Graphite Fineness Testing Methods" marks a significant step towards the internationalization of China's graphite industry standards, facilitating global industry integration and enhancing international competitiveness [1][2]. Group 1: Industry Standards - The foreign versions of the two standards are crucial for international scientific cooperation, trade exchanges, and capacity alignment, serving as a bridge for conveying Chinese quality concepts and technical specifications [1]. - The standards were managed by the National Non-Metallic Mineral Products and Products Standardization Technical Committee (SAC/TC 406), with the Jixi Graphite Product Quality Inspection Center participating in the standard approval process [1]. Group 2: Market Impact - The implementation of these standards will empower the global graphite industry, particularly benefiting countries involved in the Belt and Road Initiative by clarifying quality requirements, technical parameters, and testing methods for Chinese graphite products [2]. - The standards provide a clear and unified technical basis for overseas buyers and inspection institutions, enhancing transaction transparency and reducing trade disputes arising from differing standard interpretations [2]. Group 3: Future Directions - The Jixi Graphite Product Quality Inspection Center aims to leverage its industry advantages to continue engaging in standardization efforts, actively participating in the formulation and revision of international standards [2]. - The center's efforts are expected to promote more advanced Chinese graphite standards globally, contributing to the high-quality export of Chinese manufacturing and deepening international capacity cooperation [2].

Group 1 - The U.S. has imposed anti-dumping tariffs exceeding 160% on Chinese graphite products, signaling a complex and contradictory stance in U.S.-China relations [1][2] - Graphite is a critical material for electric vehicles and energy storage batteries, with China dominating the global supply chain, providing 60% of natural graphite and nearly 70% of synthetic graphite [3][5] - The U.S. lacks both mining and processing capabilities for graphite, making it heavily reliant on Chinese imports, yet it has set high tariffs that effectively act as a blockade [6][9] Group 2 - The rationale behind the tariffs includes claims of unfair subsidies and dumping, but there is a lack of solid evidence to support these allegations [6][7][8] - The U.S. domestic battery manufacturers and automakers are aware that the low prices of Chinese graphite result from high efficiency, not malicious dumping [10][11] - The imposition of tariffs is seen as a political maneuver to create negotiation leverage ahead of Trump's visit to China, rather than a genuine attempt to enforce trade fairness [18][19] Group 3 - The tariffs could lead to increased costs for U.S. electric vehicle manufacturers, such as Tesla, which rely on Chinese graphite, potentially raising consumer prices and squeezing profit margins [18][19] - The U.S. government's conflicting signals regarding cooperation and pressure on China reflect internal policy struggles and a lack of coherent strategy [19][22] - The situation illustrates the broader strategic anxiety in the U.S., where there is a desire to decouple from China while simultaneously relying on Chinese manufacturing capabilities [26][29] Group 4 - The upcoming March 2026 ruling by the U.S. International Trade Commission will determine whether the tariffs will be officially implemented, depending on whether they find that Chinese imports harm U.S. industries [21][26] - The ongoing trade tensions highlight the risks of unilateral sanctions and the potential for retaliatory measures from China, which could impact various sectors beyond graphite [26][29] - The current geopolitical landscape suggests that the U.S. may struggle to maintain a stable relationship with China while attempting to impose tariffs, leading to increased uncertainty for businesses [24][27]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中国石墨集团有限公司 呈交日期: 2026年2月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02237 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.001 | HKD | | 2,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.001 | HKD | | 2,000,000 | 本月底法定/註冊股本 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中国石墨集团有限公司 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02237 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.001 | HKD | | 2,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.001 | HKD | | 2,000,000 | | 1. 股份分類 ...

Group 1 - The core viewpoint of the article highlights the competitive landscape and market dynamics of the graphite anode materials industry in China, emphasizing the leading companies and their market shares [1][5][15] - The leading companies in the graphite anode materials sector include Bettery, Sanyuan, and Puxin, with registered capital exceeding 1.5 billion yuan, indicating a strong competitive position [1][5] - The industry is characterized by a high concentration, with the top two companies accounting for nearly 40% of the shipment volume, and the top five companies exceeding 70% [10][15] Group 2 - In the first half of 2025, the shipment volume of artificial graphite anodes reached 1.17 million tons, representing 91.7% of total graphite anode shipments [5][7] - Sanyuan holds the highest market share in artificial graphite anode shipments at 21%, followed closely by Bettery [7][10] - The revenue scale for 2024 indicates that Bettery and Sanyuan both exceed 7 billion yuan, with Bettery's revenue at 10.69 billion yuan and Sanyuan's at 8.2 billion yuan [11][13] Group 3 - The geographical distribution of graphite anode manufacturers is primarily concentrated in Guangdong, Shanghai, and Zhejiang, with Guangdong hosting several key players [3][11] - The product layout shows that most companies focus on artificial graphite, while natural graphite is primarily produced by Bettery and Sanyuan [11][14] - The competitive state of the industry reveals that while there are many competitors, the majority of market share is controlled by leading companies, resulting in lower competition intensity among top firms compared to smaller ones [15][16]

Industry Overview - Graphite is a crucial anode material in lithium-ion batteries, characterized by high-temperature resistance, corrosion resistance, electrical conductivity, and thermal conductivity [1] - Graphite anode materials are categorized into natural and synthetic types, each with distinct performance, cost, and application scenarios [1][2] Production and Supply Chain - The upstream supply chain includes raw material suppliers like natural graphite mines and carbon materials for synthetic graphite, while the midstream consists of manufacturers of graphite anode materials, and the downstream includes various battery producers [5][8] - China's natural graphite production reached 91 million tons in 2023, with a projected increase to approximately 95 million tons in 2024 [15] Market Trends - The market share of synthetic graphite anode materials has been increasing, with over 90% of the total anode material shipments being synthetic by mid-2025 [25] - The total output of graphite anode materials in China is expected to exceed 200 million tons by 2024, with a growth rate of 26% [24] Competitive Landscape - Leading companies in the graphite anode materials sector include BETTERI, Sanyuan, and others, with BETTERI's revenue from graphite-related business exceeding 10 billion yuan [29] - The industry is concentrated in regions like Guangdong, Shanghai, and Zhejiang, with many representative companies located in Guangdong [30] Future Outlook - The demand for graphite anode materials is anticipated to surge, particularly driven by the growth in electric vehicle batteries and energy storage systems, with projections indicating that shipments could exceed 5 million tons by 2030 [36][37] - The industry is expected to see further innovation and consolidation, with leading firms investing in high-end synthetic graphite and other advanced materials [34]