Core Viewpoint - Tianhe Magnetic Materials experienced a decline in stock price and trading volume, with significant net financing outflows on September 4, 2023, indicating potential investor concerns about the company's performance and market conditions [1]. Financial Performance - For the first half of 2025, Tianhe Magnetic Materials reported a revenue of 940 million yuan, representing a year-on-year decrease of 25.80%. The net profit attributable to shareholders was 53.45 million yuan, down 18.48% compared to the previous year [2]. - Cumulative cash dividends paid by Tianhe Magnetic Materials since its A-share listing amount to 39.64 million yuan [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Tianhe Magnetic Materials was 55,000, a decrease of 1.89% from the previous period. The average number of circulating shares per shareholder increased by 1.93% to 1,176 shares [2]. - The top ten circulating shareholders include several new entrants, such as Southern CSI 1000 ETF, which holds 735,200 shares, and Huaxia CSI 1000 ETF with 429,400 shares [3].

Group 1 - Tianhe Magnetic Materials experienced a decline of 5.02% on September 3, with a stock price of 51.80 CNY per share, a trading volume of 338 million CNY, a turnover rate of 9.64%, and a total market capitalization of 13.69 billion CNY [1] - The company, founded on May 22, 2008, is located in the Rare Earth Application Industrial Park in Baotou, Inner Mongolia, and specializes in the R&D, production, and sales of high-performance rare earth permanent magnetic materials, including sintered NdFeB and sintered SmCo [1] - The revenue composition of Tianhe Magnetic Materials includes: sintered NdFeB at 46.99%, sintered NdFeB finished products at 36.59%, sintered NdFeB blanks at 10.39%, others at 5.02%, sintered SmCo at 0.51%, sintered SmCo blanks at 0.27%, and sintered SmCo finished products at 0.23% [1] Group 2 - According to data, GF Fund's Guangfa CSI 1000 ETF (560010) entered the top ten circulating shareholders of Tianhe Magnetic Materials in the second quarter, holding 347,900 shares, which accounts for 0.54% of the circulating shares [2] - The estimated floating loss for the ETF today is approximately 953,300 CNY [2] - Guangfa CSI 1000 ETF was established on July 28, 2022, with a latest scale of 30.718 billion CNY, and has achieved a year-to-date return of 23.9%, ranking 1769 out of 4222 in its category, and a one-year return of 62.92%, ranking 1229 out of 3783 [2]

Group 1 - Tianhe Magnetic Materials experienced a decline of 0.66% on August 29, with a trading volume of 639 million yuan [1] - The company had a net financing buy of -7.41 million yuan on the same day, with a total financing and margin balance of 266 million yuan [1] - As of August 29, the financing balance accounted for 7.15% of the circulating market value [1] Group 2 - As of June 30, the number of shareholders for Tianhe Magnetic Materials was 55,000, a decrease of 1.89% from the previous period [2] - For the first half of 2025, the company reported a revenue of 940 million yuan, a year-on-year decrease of 25.80%, and a net profit of 53.46 million yuan, down 18.48% year-on-year [2] Group 3 - Since its A-share listing, Tianhe Magnetic Materials has distributed a total of 39.64 million yuan in dividends [3] - The top ten circulating shareholders as of June 30, 2025, include several new ETFs, with the Southern CSI 1000 ETF being the largest shareholder with 735,200 shares [3]

证券代码：603072 证券简称：天和磁材 公告编号：2025-077 包头天和磁材科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： ? 会议召开时间：2025 年 10 月 13 日（星期一）09:00-10:00 包头天和磁材科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布公司《2025 年半年度报告》，为便于广大投资者更全面深入地了解公司 一、 说明会类型 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 董事、总经理：陈雅 董事、董事会秘书、财务总监：张海潮 董事、副总经理：袁易 独立董事：朱震宇 （如遇特殊情况，参加人员可能进行调整） 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2025 年 10 月 13 日（星 ...

据证券之星公开数据整理，近期天和磁材（603072）发布2025年中报。截至本报告期末，公司营业总收 入9.4亿元，同比下降25.8%，归母净利润5345.52万元，同比下降18.48%。按单季度数据看，第二季度 营业总收入4.15亿元，同比下降41.54%，第二季度归母净利润1757.18万元，同比下降48.29%。本报告 期天和磁材公司应收账款体量较大，当期应收账款占最新年报归母净利润比达342.58%。 本次财报公布的各项数据指标表现一般。其中，毛利率11.74%，同比减13.79%，净利率5.68%，同比增 9.86%，销售费用、管理费用、财务费用总计2371.46万元，三费占营收比2.52%，同比减23.44%，每股 净资产7.85元，同比增23.55%，每股经营性现金流-0.36元，同比减149.61%，每股收益0.2元，同比减 39.39% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 12.67亿 | 9.4 Z | -25.80% | | 归母净利润(元) | 6557.39万 | 5345. ...

Group 1 - The company reported a total asset impairment provision of 10.3963 million yuan for the first half of 2025, which includes provisions for bad debts and inventory depreciation [10][5][9] - The company recognized a bad debt provision of 0.1441 million yuan for notes receivable, 1.2737 million yuan for accounts receivable, and 0.4530 million yuan for other receivables [5][6][7] - The inventory depreciation provision amounted to 11.3611 million yuan, with specific provisions for work in progress, finished goods, and goods in transit [9][8] Group 2 - The company raised a total of 812.661 million yuan from its initial public offering, with a net amount of 730.33959 million yuan after deducting underwriting and related fees [16][17] - As of June 30, 2025, the company has adhered to regulations regarding the management and use of raised funds, with no violations reported [18][29] - The company has established a dedicated account management system for the raised funds, ensuring compliance with relevant regulations [18][19] Group 3 - The board of directors approved the asset impairment provision and confirmed that it reflects the company's financial status accurately [43][39] - The board also approved the report on the storage and actual use of raised funds, affirming its compliance with regulatory requirements [39][40] - The company has not made any changes to the fundraising projects as of June 30, 2025 [28]

一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2025 年 10 月 13 日（星期一）09:00-10:00 证券代码：603072 证券简称：天和磁材 公告编号：2025-077 包头天和磁材科技股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 包头天和磁材科技股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布公司《2025 年半年度报告》，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 10 月 13 日 （星期一） 09:00-10:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 会议召开时间：2025 年 10 月 13 日（星期一）09:0 ...

格隆汇8月27日丨天和磁材(603072.SH)发布中报，2025上半年实现营业总收入9.4亿元，同比下降 25.8%；归属母公司股东净利润5345.52万元，同比下降18.48%；基本每股收益为0.2元。 ...

证券代码：603072 证券简称：天和磁材 公告编号：2025-074 包头天和磁材科技股份有限公司 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。 一、董事会会议召开情况 包头天和磁材科技股份有限公司（以下简称"公司"）第三届董事会第四次 会议于 2025 年 8 月 27 日在公司会议室以现场结合通讯方式召开，会议通知已于 持，应出席董事 9 名，实际出席董事 9 名（其中以通讯表决方式出席会议董事 6 名），公司高级管理人员列席了会议。本次会议的召集、召开和表决程序符合《中 华人民共和国公司法》等法律法规和《公司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过《关于公司 2025 年半年度报告及其摘要的议案》 董事会认为：公司 2025 年半年度报告及其摘要的编制和审议程序符合法律 法规、中国证监会和上海证券交易所的有关规定，报告内容公允地反映了公司的 经营状况和经营成果，报告所披露的信息真实、准确、完整，不存在虚假记载、 误导性陈述或者重大遗漏。 表决情况：9 票同意，0 票反对，0 票弃权。 表决情况：9 ...

Core Viewpoint - The report highlights the financial performance and operational challenges faced by Baotou Tianhe Magnetics Technology Co., Ltd. during the first half of 2025, emphasizing a significant decline in revenue and profit due to export control policies and market conditions. Financial Performance - The company reported a total revenue of 940.42 million yuan, a decrease of 25.80% compared to the same period last year [3] - The total profit was 55.22 million yuan, down 20.03% year-on-year [3] - The net profit attributable to shareholders was 53.46 million yuan, reflecting an 18.48% decline [3] - The net cash flow from operating activities was -96.04 million yuan, a significant drop of 166.14% [3] - The total assets decreased by 5.17% to 3.21 billion yuan, while the net assets increased slightly by 0.67% to 2.07 billion yuan [3] Business Overview - The company primarily engages in the research, production, and sales of high-performance rare earth permanent magnetic materials, including sintered neodymium-iron-boron and sintered samarium-cobalt [6] - The main business model involves direct sales to end customers in sectors such as new energy vehicles, wind power, and energy-efficient appliances, while also supplying raw materials to manufacturers in the 3C consumer electronics sector [6][8] Industry Context - The rare earth permanent magnet materials industry is influenced by upstream rare earth mining and refining, with applications in various sectors including new energy vehicles, wind power, and consumer electronics [6] - The automotive market showed a positive trend in the first half of 2025, with production and sales increasing by over 10% year-on-year [6] - The demand for new energy vehicles surged, with production and sales reaching 696.8 million units, marking a growth of 41.4% [6] Operational Challenges - The company faced challenges due to export control policies, which led to delays in order fulfillment and a decrease in product sales [7][8] - The production of raw materials like praseodymium-neodymium saw a price increase of approximately 9% from January to June 2025 [6] Technological and Competitive Advantages - The company has established a strong technological foundation with a focus on high-performance, low-resource consumption rare earth permanent magnet materials [13] - It has a comprehensive production capacity with multiple manufacturing plants and a wide range of products tailored to various applications [14] - The company has received several awards for its quality and innovation, enhancing its brand reputation in the industry [15] Future Outlook - The company is optimistic about future growth, particularly in the domestic market, as it adapts to the new export regulations and continues to develop its technological capabilities [7][10] - The establishment of new subsidiaries and ongoing projects in high-performance rare earth permanent magnet production are expected to contribute positively to long-term growth [12]