Market Overview - The Shanghai Composite Index rose by 0.05% on January 7, with 17 out of the industries under Shenwan showing gains, led by the comprehensive and coal industries, which increased by 3.86% and 2.47% respectively [1] - The oil and petrochemical and non-bank financial industries experienced the largest declines, falling by 1.73% and 1.13% respectively [1] Capital Flow Analysis - The main capital flow showed a net outflow of 54.336 billion yuan across the two markets, with only four industries seeing net inflows [1] - The telecommunications industry had the highest net inflow, amounting to 4.752 billion yuan, and it rose by 1.24% [1] - The coal industry also saw a net inflow of 1.870 billion yuan, with a daily increase of 2.47% [1] Comprehensive Industry Insights - The comprehensive industry saw a rise of 3.86% with a net inflow of 279 million yuan, comprising 15 stocks, of which 5 rose and 1 hit the daily limit [2] - The top stock in terms of net inflow was Dongyangguang, with an inflow of 327 million yuan, followed by Sanmu Group and Zhangzhou Development with inflows of 42.344 million yuan and 19.784 million yuan respectively [2] - The stocks with the highest net outflows included Yuegui Co., Nanjing Xinbai, and Tianchen Co., with outflows of 74.420 million yuan, 18.580 million yuan, and 17.936 million yuan respectively [2] Comprehensive Industry Stock Performance - The top-performing stocks in the comprehensive industry included: - Dongyangguang: +10.00% with a turnover rate of 3.54% and a main capital flow of 326.6386 million yuan [2] - Sanmu Group: +4.42% with a turnover rate of 17.50% and a main capital flow of 42.3443 million yuan [2] - Zhangzhou Development: +0.38% with a turnover rate of 5.64% and a main capital flow of 19.7843 million yuan [2] - Stocks with negative performance included: - Yuegui Co.: -1.90% with a turnover rate of 10.82% and a net outflow of 74.4204 million yuan [2] - Nanjing Xinbai: -1.13% with a turnover rate of 2.95% and a net outflow of 18.5800 million yuan [2] - Tianchen Co.: -0.56% with a turnover rate of 8.24% and a net outflow of 17.9362 million yuan [2]

Market Overview - The comprehensive sector increased by 3.01% compared to the previous trading day, with Tianchen Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up by 1.5%, while the Shenzhen Component Index closed at 14022.55, up by 1.4% [1] Top Gainers - Tianchen Co., Ltd. (600620) closed at 7.16, with a rise of 9.98% and a trading volume of 205,000 shares, amounting to a transaction value of 145 million yuan [1] - Yuegui Co., Ltd. (000833) closed at 21.09, up by 6.84%, with a trading volume of 621,200 shares and a transaction value of 1.284 billion yuan [1] - Dongyangguang (600673) closed at 24.41, increasing by 4.27%, with a trading volume of 709,300 shares and a transaction value of 1.724 billion yuan [1] Other Notable Stocks - Yatai Group (600881) closed at 1.90, up by 2.15%, with a trading volume of 524,700 shares and a transaction value of 9.908 million yuan [1] - Yueda Investment (600805) closed at 5.55, increasing by 1.83%, with a trading volume of 170,500 shares and a transaction value of 9.462 million yuan [1] - Taida Co., Ltd. (000652) closed at 4.26, up by 1.67%, with a trading volume of 163,800 shares and a transaction value of 6.959 million yuan [1] Fund Flow Analysis - The comprehensive sector saw a net inflow of 150 million yuan from main funds, while retail funds experienced a net outflow of 41.492 million yuan [2] - The main funds' net inflow for Yuegui Co., Ltd. was 175 million yuan, accounting for 13.59% of the total, while retail funds had a net outflow of 144 million yuan [3] - Tianchen Co., Ltd. had a main fund net inflow of 57.2137 million yuan, representing 39.50% of the total, with retail funds seeing a net outflow of 31.1844 million yuan [3]

Group 1 - The company, Shanghai Tianchen Co., Ltd., is involved in a land compensation agreement due to the expansion of the Shanghai Pudong International Airport [2][3] - The government has reclaimed a portion of the company's agricultural land for public interest, specifically for the construction of the airport's flight area [2][3] - The total area of land to be compensated is 110,530.70 square meters, with a compensation price of 473 RMB per square meter, resulting in a total compensation amount of 52,281,021.10 RMB [3] Group 2 - The company has signed the land compensation agreements with Shanghai Airport Group and the Pudong Housing Expropriation Service Office [5] - As of December 25, 2025, the company has received 20% of the compensation amount from both phases of the agreement, totaling 10,456,204.22 RMB [5]

证券代码：600620 证券简称：天宸股份 公告编号：临 2025-038 上海市天宸股份有限公司 关于用地补偿协议的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 1、公司（"乙方"）已与上海机场集团（"甲方"）、浦东房屋征收 所（"丙方"）正式签订了《上海浦东国际机场四期扩建飞行区（二阶 段）工程用地补偿协议》（"二阶段协议"）及《上海浦东国际机场四 期扩建飞行区（三阶段）工程用地补偿协议》（"三阶段协议"），二阶 段协议和三阶段协议合称"用地补偿协议"。 2、按照用地补偿协议约定，截至 2025 年 12 月 25 日，公司已收 到甲方向公司支付的"二阶段协议"约定的土地补偿款金额的 20%， 即第一期款人民币 3,400,188.88 元；及甲方向公司支付的"三阶段 协 议 " 约 定 的 土 地 补 偿 款 金 额 的 20% ， 即 第 一 期 款 人 民 币 7,056,015.34 元 。累 计收 到用 地 补偿 协议 第 一期 款项 人民 币 10,456,204.22 元，占土地补偿款总价的 20 ...

Core Viewpoint - The newly launched project, Dahua Xingyu, in Nanxiang, Jiading, represents a significant development in the 3.0 era of the area, showcasing a low-density waterfront villa community with high-quality offerings that exceed new standards [1]. Group 1: Project Location and Advantages - Dahua Xingyu is strategically located at the last piece of residential land in the Yunjing Central area, approximately 800 meters from the Impression City and Chenxiang Road subway station, and near educational institutions and shopping facilities [3]. - The project maximizes the traditional advantage of living by water, situated at the confluence of three bays, with future developments including a waterfront leisure green belt and a pocket park for daily recreation [3]. Group 2: Community and Design Features - The community consists of over 400 units, with nearly 50% being stacked villas, creating a low-density living environment known as "Jade Floating Isles" [3]. - The architectural design draws inspiration from the classic ART DECO style, featuring a three-part structure with a focus on symmetry and order, using a mix of beige stone, aluminum, and metal frames for a rich texture [5]. Group 3: Product Specifications - Dahua Xingyu's residential units exceed the new regulatory standards for ceiling height, with heights ranging from 3.05 meters to 3.1 meters, providing a spacious and comfortable living experience [8]. - The approximately 107 square meter unit features a 5-meter wide living room and a well-ventilated layout, while the 123 square meter unit offers a unique four-bedroom design with significant additional space, surpassing other products in the same area [10][12].

证券代码：600620 证券简称：天宸股份 公告编号：临2025-037 上海市天宸股份有限公司关于全资孙公司对外投资设立合资公司的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： ● 投资标的名称：天宸达翔能源科技有限公司（暂定名，以工商登记机关核准的名称为准，以下简 称"合资公司"） ● 其它需要提醒投资者重点关注的风险事项： 1、截至本公告披露之日，合资公司尚未设立，其名称、注册地址、经营范围等信息最终尚需取得当地 工商行政管理部门的批准。 2、本次对外投资事项在实际经营过程中可能面临行业政策、市场变化、经营管理等方面的风险，后续 经营状况存在一定的不确定性。公司将积极采取适当的策略和管理措施，积极防范和应对上述风险。 一、对外投资概述 （一）本次交易概况 1、本次交易概况 上海市天宸股份有限公司（以下简称"公司"）全资孙公司天宸储能科技（芜湖）有限公司（以下简 称"天宸储能"、"甲方"）与盐城达翔新能源有限公司（以下简称"达翔新能源"、"乙方"）联合出资设 立"天宸达翔能源科技有限公司"（暂定名，以 ...

Core Viewpoint - Tianchen Co., Ltd. announced the establishment of a joint venture, Tianchen Daxiang Energy Technology Co., Ltd., with Daxiang New Energy to explore the full industry chain of the energy storage market [1] Group 1: Joint Venture Details - The joint venture will have a registered capital of RMB 50 million, with Tianchen Storage contributing RMB 25.5 million for a 51% stake and Daxiang New Energy contributing RMB 24.5 million for a 49% stake [1] - The joint venture plans to implement an employee stock ownership plan, allocating 20% of the joint venture's equity held by Daxiang New Energy for incentive purposes, targeting executives and key technical personnel from both parties [1]

Core Viewpoint - Tianchen Co., Ltd. (600620.SH) announced the establishment of a joint venture, Tianchen Daxiang Energy Technology Co., Ltd., in collaboration with Yancheng Daxiang New Energy Co., Ltd. to explore the full industry chain of the energy storage market [1] Group 1 - Tianchen's wholly-owned subsidiary, Tianchen Energy Storage Technology (Wuhu) Co., Ltd., will hold a 51% stake in the joint venture with a capital contribution of 25.5 million yuan, while Daxiang New Energy will hold a 49% stake with a contribution of 24.5 million yuan [1] - The registered capital of the joint venture is set at 50 million yuan [1] - The joint venture plans to implement an employee stock ownership plan, allocating 20% of the joint venture's equity held by Daxiang New Energy for incentive purposes, targeting executives and core technical personnel from both companies [1]

证券代码：600620 证券简称：天宸股份 公告编号：临 2025-037 上海市天宸股份有限公司 关于全资孙公司对外投资设立合资公司的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 投资标的名称：天宸达翔能源科技有限公司（暂定名，以工商登记机关 核准的名称为准，以下简称"合资公司"） 投资金额及比例：合资公司注册资本人民币 5,000 万元，上海市天宸股 份有限公司的全资孙公司天宸储能科技（芜湖）有限公司认缴出资人民币 2,550 万元，占注册资本的 51%；盐城达翔新能源有限公司认缴出资人民币 2,450 万元， 占注册资本的 49%。 交易实施尚需履行的审批及其他相关程序： 本次对外投资事项属于《公司总经理工作细则》规定的总经理审批权限范围， 无需提交公司董事会或股东会审议。本次对外投资事项不涉及关联交易，也不构 成《上市公司重大资产重组管理办法》所规定的重大资产重组。 其它需要提醒投资者重点关注的风险事项： 1、截至本公告披露之日，合资公司尚未设立，其名称、注册地址、经营范 围等信息最终尚需取得当 ...

天宸股份公告，全资孙公司天宸储能科技（芜湖）有限公司与盐城达翔新能源有限公司联合出资设立天 宸达翔能源科技有限公司，注册资本5000万元。天宸储能认缴出资2550万元，占注册资本的51%；盐城 达翔新能源认缴出资2450万元，占注册资本的49%。 ...