Group 1 - The company Tianyang New Materials (603330.SH) announced a share reduction plan, which will take place within three months after the announcement of the reduction plan [1] - Zhuhai Hengqin Caidong Fund Management Co., Ltd. - Caidong Huixin No. 2 Private Securities Investment Fund plans to reduce its holdings by up to 3% of the company's total share capital, equating to a maximum reduction of 12.9802 million shares [1]

Core Viewpoint - Tianyang New Materials (603330.SH) announced a share reduction plan, allowing a significant shareholder to reduce their stake in the company within a specified timeframe [1] Group 1 - The announcement states that the reduction will occur within three months after the disclosure of the reduction plan, starting from the 15th trading day [1] - Zhuhai Hengqin Caidong Fund Management Co., Ltd. - Caidong Huixin No. 2 Private Securities Investment Fund plans to reduce its holdings through block trades and centralized bidding [1] - The total reduction will not exceed 3% of the company's total share capital, equating to a maximum of 12.9802 million shares [1]

Group 1 - The core viewpoint of the article highlights the financial performance and market activity of Tianyang New Materials (603330) as of August 5, 2025, indicating a decline in revenue and net profit [1] - The company's total operating revenue for Q1 2025 was 219 million yuan, a year-on-year decrease of 24.39% [1] - The net profit attributable to shareholders was 2.54 million yuan, down 146.52% year-on-year, while the non-recurring net profit decreased by 551.08% to 3.09 million yuan [1] Group 2 - The company reported a current ratio of 1.262, a quick ratio of 1.083, and a debt-to-asset ratio of 39.48% [1] - Tianyang New Materials has made investments in 8 companies and participated in 7 bidding projects [2] - The company holds 52 trademark registrations and 175 patents, along with 31 administrative licenses [2]

Group 1 - The article discusses the unconditional approval of several business concentration cases by the antitrust authority, highlighting the regulatory environment for mergers and acquisitions in the industry [2][3] - A total of 10 cases were approved between July 14 and July 20, 2025, indicating active consolidation trends in various sectors [3] - Notable cases include the establishment of a joint venture between Hon Hai Precision Industry Co., Ltd. and SoftBank Group Corp., and the acquisition of Nova Chemicals by Abu Dhabi National Oil Company [3] Group 2 - The approved cases involve a diverse range of companies, including those in technology, energy, and manufacturing sectors, reflecting a broad interest in strategic partnerships and acquisitions [3] - The approval dates for these cases span from July 14 to July 18, 2025, suggesting a concentrated period of regulatory activity [3] - The involvement of major players like China National Petroleum Corporation and Jiangsu Tongguang Electronic Cable Co., Ltd. indicates significant market movements and potential shifts in competitive dynamics [3]

Market Performance - The POE film concept declined by 2.39%, ranking among the top declines in the concept sector as of the market close on July 15 [1] - Within the POE film sector, stocks such as Tuojri New Energy and Yamaton hit the daily limit down, while companies like Saiwu Technology, Changyang Technology, and Tianyang New Materials experienced significant declines [1] Capital Flow - The POE film concept saw a net outflow of 309 million yuan from main funds today, with 20 stocks experiencing net outflows, and 7 stocks seeing outflows exceeding 10 million yuan [2] - The stock with the highest net outflow was Yamaton, with a net outflow of 65.6 million yuan, followed by Satellite Chemical and Changyang Technology with net outflows of 62.7 million yuan and 58.8 million yuan, respectively [2] - Conversely, stocks with the highest net inflow included Yueyang Xingchang, Chengzhi Co., and Tuojri New Energy, with net inflows of 10.5 million yuan, 8.9 million yuan, and 7.5 million yuan, respectively [2] Individual Stock Performance - Yamaton saw a decline of 9.99% with a turnover rate of 17.93% and a main fund outflow of 65.6 million yuan [3] - Satellite Chemical decreased by 1.55% with a main fund outflow of 62.7 million yuan [3] - Changyang Technology fell by 4.64% with a main fund outflow of 58.8 million yuan [3] - Other notable declines included Saiwu Technology at -7.04% and Tianyang New Materials at -3.26% [3]

Core Viewpoint - Tianyang New Materials (Shanghai) Co., Ltd. is expected to report a significant net loss for the first half of 2025, with projections indicating a net profit attributable to shareholders ranging from -8 million to -11.5 million yuan, representing a year-on-year decrease of approximately 81% to 160% [2][5]. Financial Performance Summary - The estimated net profit for the first half of 2025 is projected to be between -8 million and -11.5 million yuan, a decrease of 3.58 million to 7.08 million yuan compared to the same period last year [2][5]. - After excluding non-recurring gains and losses, the net profit is expected to be between -6.45 million and -9.95 million yuan, which indicates an increase of 1.15 million to 4.65 million yuan year-on-year, translating to a growth of approximately 10% to 42% [3][6]. Business Impact Analysis - The company's main business segments, including hot melt adhesives, electronic adhesives, and wall fabric businesses, have shown stable operations. However, revenue from photovoltaic encapsulation adhesive films has decreased by approximately 55% compared to the previous year due to overall industry overcapacity and ongoing price competition, leading to low selling prices and even negative gross margins [8][9]. - The decision to reduce order volumes in response to the adverse market conditions has resulted in decreased revenue, while the company continues to incur depreciation costs on its facilities and equipment that are already in use, contributing to the overall negative net profit [9]. Comparison with Previous Year - In the same period last year, the total profit was 5.5029 million yuan, with a net profit attributable to the parent company of -4.4166 million yuan. The net profit after excluding non-recurring items was -11.095 million yuan [8]. - The significant percentage changes in the current year's projections are partly due to the low comparative base from the previous year [9].

Group 1 - The company, Tianyang New Materials, is forecasting a net profit of -11.5 million yuan, which represents a decrease of 3.58 million to 7.08 million yuan compared to the same period last year, indicating a year-on-year decrease of approximately 81% to 160% [1][2] - The expected profit for the current period is projected to be between -6.45 million and -9.95 million yuan, which is an increase of 1.15 million to 4.65 million yuan compared to the same period last year, reflecting a year-on-year increase of approximately 10% to 42% [1][2] - The company's previous year's total profit was 5.5029 million yuan, with a net profit attributable to the parent company of -4.4166 million yuan and a net profit after deducting non-recurring gains and losses of -11.095 million yuan [1][2] Group 2 - The main reason for the expected loss is the significant decline in revenue from the photovoltaic encapsulation adhesive film, which decreased by approximately 55% due to overall industry overcapacity and ongoing price competition, leading to a negative gross profit situation [2] - The comparison to the previous year's figures is affected by a relatively small base, which contributes to the large percentage changes in the current profit forecast [2]

[Current Period Performance Forecast](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company forecasts a net loss for H1 2025, with attributable net profit between -8 million and -11.5 million CNY, and non-recurring adjusted net profit narrowing losses YoY 2025 Semi-Annual Performance Forecast | Metric | Estimated Amount (CNY) | YoY Change | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | -8 million to -11.5 million | Decrease 81% - 160% | | **Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses** | -6.45 million to -9.95 million | Increase 10% - 42% | - This performance forecast applies to scenarios of negative net profit and is unaudited by a certified public accountant[3](index=3&type=chunk)[6](index=6&type=chunk) [Prior Period Performance Review](index=2&type=section&id=Item%202.%20Prior%20Period%20Operating%20Performance%20and%20Financials) In H1 2024, the company reported a net loss of -4.4166 million CNY and a non-recurring adjusted net loss of -11.0950 million CNY, which served as a small base for current period YoY changes 2024 Semi-Annual Performance Data | Metric | Amount (CNY) | | :--- | :--- | | Total Profit | 5.5029 million | | Net Profit Attributable to Parent Company | -4.4166 million | | Net Profit Attributable to Parent Company After Deducting Non-Recurring Gains and Losses | -11.0950 million | | Earnings Per Share | -0.01 | [Analysis of Performance Pre-Loss Reasons](index=2&type=section&id=Item%203.%20Main%20Reasons%20for%20Current%20Period%20Performance%20Pre-Loss) The current period's pre-loss is primarily due to the photovoltaic encapsulant film segment, which faced significant revenue decline and negative gross margins from overcapacity and low-price competition, compounded by ongoing depreciation [Impact of Main Business](index=2&type=section&id=Item%203.1.%20Impact%20of%20Main%20Business) The photovoltaic encapsulant film business significantly impacted overall performance with a 55% YoY revenue decline and negative gross margins due to intense competition and depreciation, despite other main businesses remaining stable - The **photovoltaic encapsulant film business** is the primary cause of the loss, with revenue declining by approximately **55% year-over-year** and exhibiting **negative gross margins** due to industry overcapacity and intense price competition[8](index=8&type=chunk) - The company actively reduced order intake for its photovoltaic film business to navigate market conditions, yet ongoing depreciation of operational plants and equipment continues to exacerbate losses[8](index=8&type=chunk) - Other core businesses, including **hot melt adhesive, electronic adhesive, and wall covering**, maintained stable operations[8](index=8&type=chunk) [Impact of Small Prior Period Comparison Base](index=2&type=section&id=Item%203.2.%20Impact%20of%20Small%20Prior%20Period%20Comparison%20Base) The large YoY percentage change in attributable net profit is primarily due to the small loss base from the prior year - The substantial year-over-year percentage change in **net profit attributable to the parent company** is primarily due to the **small comparison base** from the prior year[9](index=9&type=chunk) [Risk Warning and Other Matters](index=2&type=section&id=Item%204.%20Risk%20Warning) The company emphasizes this performance forecast is preliminary and unaudited, with final data subject to the 2025 semi-annual report, advising investors of risks and confirming no significant uncertainties - This performance forecast is based on **preliminary estimations** and remains **unaudited** by an accounting firm[10](index=10&type=chunk) - The company confirms that as of the reporting period end, no **significant uncertainties** exist that could impact the accuracy of this performance forecast[10](index=10&type=chunk) - Final accurate financial data will be based on the company's officially disclosed **audited 2025 semi-annual report**, advising investors to be aware of associated risks[12](index=12&type=chunk)

天洋新材（603330）公告，2025年半年度归属于上市公司股东的净利润预计为-800万元到-1150万元， 与上年同期相比，将减少358万元到708万元，同比减少约81%-160%。扣除非经常性损益事项后，公司 2025年半年度归属于上市公司股东的净利润预计为-645万元到-995万元，与上年同期相比，预计将增加 115万元到465万元之间，同比增加约10%-42%。 ...

Group 1 - The National Intellectual Property Administration of China has received a patent application for a "single-component wet-curing polyurethane hot melt adhesive and its preparation method" from Nantong Tianyang New Materials Co., Ltd., Tianyang New Materials (Shanghai) Technology Co., Ltd., and Nantong Tianyang Photovoltaic Materials Technology Co., Ltd. The patent was published under CN120230505A with an application date of December 2023 [1] - The patent describes a polyurethane hot melt adhesive that maintains effective bonding while exhibiting low viscosity, high initial tack, and a soft feel after curing, making it suitable for bonding lightweight and sensitive high-end substrates at low temperatures [1] Group 2 - Nantong Tianyang New Materials Co., Ltd. was established in 2016, located in Nantong City, with a registered capital of 200 million RMB. The company has invested in one enterprise, participated in eight bidding projects, and holds 51 patents and 54 administrative licenses [1] - Tianyang New Materials (Shanghai) Technology Co., Ltd. was founded in 2002 in Shanghai, with a registered capital of approximately 432.67 million RMB. The company has invested in eight enterprises, participated in seven bidding projects, and holds 175 patents and 31 administrative licenses [2] - Nantong Tianyang Photovoltaic Materials Technology Co., Ltd. was established in 2021 in Nantong City, with a registered capital of 350 million RMB. The company has participated in 20 bidding projects and holds five patents and 14 administrative licenses [2]