广东天安新材料股份有限公司 2024 年年度股东大会 会议文件 股票代码：603725 2025 年 5 月 目 录 1. 广东天安新材料股份有限公司 2024 年年度股东大会会议须知 2. 广东天安新材料股份有限公司 2024 年年度股东大会议程 3. 广东天安新材料股份有限公司 2024 年年度股东大会议案 （1）议案一：《2024 年度董事会工作报告》 （2）议案二：《2024 年度监事会工作报告》 （3）议案三：《独立董事 2024 年度述职报告》 （4）议案四：《公司 2024 年度财务决算报告》 （5）议案五：《公司 2024 年度利润分配预案》 （6）议案六：《关于 2024 年度公司内部控制评价报告的议案》 （7）议案七：《2024 年年度报告及其摘要》 （8）议案八：《关于公司及子公司 2025 年度向银行等金融机构申请授信额 度及提供担保暨关联交易的议案》 （9）议案九：《关于增加 2025 年度日常关联交易预计的议案》 （10）议案十：《关于 2025 年度对外捐赠预算总额及股东大会对董事会授 权权限的议案》 （11）议案十一：《关于提请股东大会授权董事会全权办理以简易程序向特 定对象发 ...

证券代码：603725 证券简称：天安新材 公告编号：2025-023 广东天安新材料股份有限公司 关于为全资子公司安徽天安新材料有限公司 提供担保的公告 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： 一、担保情况概述 （一）本次担保事项基本情况 为满足全资子公司日常经营需要，2025 年 4 月 25 日公司与建设银行全椒支 1 被担保人名称：安徽天安新材料有限公司（以下简称"安徽天安"） 本次担保金额：广东天安新材料股份有限公司（以下简称"公司"）为安徽 天安向中国建设银行股份有限公司全椒支行（以下简称"建设银行全椒支行"） 申请贷款等业务提供连带责任保证担保，担保本金最高额为人民币 3,600 万元。 截至本公告披露日，为安徽天安提供的担保余额为人民币 11,290 万元（不含 本次担保金额）。 本次担保不存在反担保。 截至本公告披露日，公司除为全资子公司、控股子公司提供担保以及控股子 公司之间相互担保外，公司无其他对外担保的情况。公司及子公司对外担保 总额为人民币 77,635 万元（不包含本次担保金 ...

投资要点： 公司公告2024 年年报及2025 年一季报。2024 年实现收入31.00 亿元，同比下滑1.3%，实现归母净利润 1.01 亿元，同比下滑16.5%，实现扣非归母净利润0.90 亿元，同比增长23.4%，符合预期。25Q1 实现收 入5.80 亿元，同比增长10.3%，实现归母净利润0.15亿元，同比增长23.7%，实现扣非归母净利润0.14 亿 元，同比增长37.0%，超预期。 管理能力和产品结构优化带动毛利率上行，费用率下降。2024 年公司实现毛利率22.6%，同比+0.2pct， 25Q1 实现毛利率22.0%，同比+0.7pct，主要受益于鹰牌管理优化和薄膜业务高毛利产品放量。2024 年 销售/管理/研发费用率分别同比-0.9/-0.1/-0.3pct 至6.3%/5.6%/3.5%，25Q1 销售/管理/研发/财务费用率分 别同比-0.5/+0.0/+0.1pct 至7.1%/6.9%/2.9%。受非经常性投资收益影响，2024 归母净利率同比-0.6pct 至 3.3%，25Q1 归母净利率同比+0.3pct 至2.6%。 公司持续推进泛家居业务发展，收购佛山南方建筑设计院和佛 ...

上 市 公 司 轻工制造 2025 年 04 月 24 日 天安新材 (603725) 2024 年年报及 2025 年一季报点评——24 年扣非净利大 幅增长，25Q1 超预期，整装全产业链布局初见成效！ 报告原因：有业绩公布需要点评 买入（维持） | 市场数据： 2025 年 04 月 24 日 | | | --- | --- | | 收盘价（元） | 6.95 | | 一年内最高/最低（元） | 11.92/5.32 | | 市净率 | 2.7 | | 息率（分红/股价） | 2.45 | | 流通 A 股市值（百万元） | 1,992 | | 上证指数/深证成指 3,297.29/9,878.32 | | | 注："息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 03 月 31 日 | | --- | --- | | 每股净资产（元） | 2.54 | | 资产负债率% | 67.93 | | 总股本/流通 A 股（百万） | 305/287 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 04-24 05-24 06-24 07-24 08 ...

Group 1: Company Performance - In 2024, the company's net profit after deducting non-recurring items is projected to be 90.49 million yuan, representing a year-on-year increase of 23.40% [1] - The first quarter of 2025 shows an expanded net profit growth rate of 36.97%, exceeding market expectations [1] - The automotive interior materials segment experienced a revenue increase of 12.02% in 2024, maintaining strong profitability despite industry challenges [2] Group 2: Industry Context - The ceramic tile industry is facing significant challenges, with a projected production decline of 12.18% in 2024 and an 11.75% exit rate of production lines compared to 2022 [2] - Many leading companies in the ceramic industry are expected to see net profit declines of over 50% in 2024 [2] - The industry has shifted from a growth phase to a period of intense competition, focusing on existing market share rather than new growth [2] Group 3: Strategic Initiatives - The company aims to become a "chain master" in the technology-driven home furnishing sector, focusing on solving customer pain points and expanding into the renovation and overseas markets [2] - The acquisition of Eagle Brand in 2021 is seen as a strategic move to enhance the company's ecosystem, integrating technology, brand, and channel advantages [7] - The company emphasizes the importance of continuous evolution and innovation to create more business opportunities and improve market efficiency [6] Group 4: Operational Efficiency - The company is adopting a light asset operation model to enhance efficiency and is focused on maintaining a strong channel advantage [5] - The integration of digitalization and information technology is aimed at improving management precision and increasing gross profit margins [7] - The company has achieved a consistent increase in gross profit margins each quarter in 2024, with a year-on-year increase of approximately 1% in the first quarter of 2025 [7]

光大证券股份有限公司 | 保荐机构名称： | 光大证券股份有限公司 | | --- | --- | | 保荐机构编号： | Z22831000 | 经中国证监会《关于核准广东天安新材料股份有限公司非公开发行股票的批 复》（证监许可〔2023〕248 号）核准，广东天安新材料股份有限公司（以下简 称"天安新材"、"公司"或"发行人"）向特定对象发行人民币普通股（A 股） 股票 1,300 万股，每股发行价格为人民币 6.13 元，募集资金总额为人民币 79,690,000.00 元，扣除各项发行费用人民币 6,165,094.33 元后，募集资金净额为 人民币 73,524,905.67 元。立信会计师事务所（特殊普通合伙）对募集资金到位 情况进行了验证，并于 2023 年 6 月 8 日出具了"信会师报字[2023]第 ZC10340 号"《验资报告》。 光大证券股份有限公司（以下简称"光大证券"或"保荐机构"）作为天安 新材向特定对象发行股票的保荐机构，负责天安新材的持续督导工作，截至 2024 年 12 月 31 日，持续督导期限已经届满。保荐机构根据《证券发行上市保荐业务 管理办法》《上海证券交易所股票 ...

在 2024 年度持续督导工作中，光大证券及保荐代表人根据中国证监会、上 海证券交易所关于持续督导的相关规定，尽责完成持续督导工作。 | 序号 | 督导事项 | 督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并 针对具体的持续督导工作制定相应的工作计 | 保荐机构已建立健全并有效执行了持 续督导工作制度，已经制定了相应的持 | | | 划 | 续督导工作计划 | | 2 | 根据中国证监会相关规定，在持续督导工作 开始前，与上市公司或相关当事人签署持续 | 保荐机构已与天安新材签订保荐协议， 协议已明确了双方在持续督导期间的 | | | 督导协议，明确双方在持续督导期间的权利 | 权利和义务 | | | 义务，并报上海证券交易所备案 | | 1 光大证券股份有限公司 关于广东天安新材料股份有限公司 2024 年度持续督导年度报告书 经中国证监会《关于核准广东天安新材料股份有限公司非公开发行股票的批 复》（证监许可〔2023〕248 号）核准，广东天安新材料股份有限公司（以下简 称"天安新材"或"公司"）向特定对象发行人民币普通股（A 股）股票 1,300 ...

Core Viewpoint - The company, Tianan New Materials, is focused on the development, design, production, and sales of building ceramics and polymer composite decorative materials, with a strategic shift towards integrated home furnishing services and a commitment to environmental sustainability. Company Overview - Tianan New Materials primarily engages in the research, design, production, and sales of building ceramics, automotive interior decorative materials, home decorative materials, fireproof decorative panels, and integrated delivery services [3][21]. - The company aims to transform from a material supplier to a comprehensive service provider in the eco-friendly and artistic space, leveraging a multi-brand and multi-channel strategy [21][22]. Industry Insights Building Ceramics - The building ceramics industry is currently in a "stock era," transitioning from scale expansion to value reconstruction due to various factors including real estate market adjustments and stricter environmental policies [4][6]. - In 2024, the new housing starts in China decreased by 23.0% year-on-year, while the completion area fell by 27.4%, indicating a significant contraction in the market [4]. - The government is promoting urban renewal and old housing renovations, with over 60,000 urban renewal projects implemented in 2024, leading to an investment of approximately 2.9 trillion yuan [4][6]. Automotive Interior Decorative Materials - The automotive interior materials industry is experiencing structural growth opportunities amid the rapid electrification of the automotive sector, with domestic passenger car sales projected to reach 22.608 million units in 2024, a 3.1% increase year-on-year [8][9]. - The demand for high-end and environmentally friendly interior materials is rising, driven by the growth of the new energy vehicle market, which is expected to produce over 10 million units in 2024, accounting for 65% of global production [8][9]. Home Decorative Materials - The home decorative materials industry is closely linked to the real estate market, with the sector currently undergoing adjustments due to policy changes [12][21]. - The demand for home improvement is expected to grow, driven by urbanization and rising disposable incomes, with consumers increasingly seeking high-quality, environmentally friendly, and aesthetically pleasing materials [12][21]. Fireproof Decorative Panels - The fireproof decorative panel market is characterized by low industry concentration and a growing demand for safety and aesthetic appeal in public buildings [14][15]. - The implementation of stricter fire safety regulations is expected to enhance market opportunities for fireproof materials, with a focus on developing green and energy-efficient products [15][16]. Financial Performance - In the reporting period, the company achieved a revenue of 3.1003 billion yuan, a decrease of 1.32% year-on-year, and a net profit attributable to shareholders of 101 million yuan, down 16.49% [37]. - The net profit excluding non-recurring gains and losses increased by 23.40% year-on-year, attributed to effective cost control and management improvements [37].

Group 1 - The company plans to issue new shares on the Shanghai Stock Exchange, with the resolution valid from the approval date of the 2024 annual general meeting until the 2025 annual general meeting [2] - The board of directors is authorized to handle all matters related to the issuance of shares, including the preparation and submission of relevant documents, determining the issuance plan, and managing the use of raised funds [2][3] - The issuance plan is subject to approval by the 2024 annual general meeting and must comply with relevant laws and regulations [3] Group 2 - The company has proposed an adjustment to the independent directors' remuneration, increasing it from RMB 52,000 to RMB 65,000 per year, pending approval at the 2024 annual general meeting [5][6] - This adjustment aims to enhance the motivation of independent directors and align their compensation with their responsibilities and the company's operational status [6] Group 3 - The company intends to use idle self-owned funds for cash management, with a maximum investment amount of RMB 400 million in short-term, low-risk financial products [10][11] - The investment aims to improve the efficiency of the company's idle funds while ensuring daily operational needs and fund safety [11][17] - The board has authorized the chairman to make investment decisions within the specified limits [14] Group 4 - The company has decided to abolish the supervisory board, transferring its powers to the audit committee of the board, and will revise the articles of association accordingly [19][20] - This change is in compliance with the revised Company Law and aims to streamline governance [19] Group 5 - The 2024 annual general meeting is scheduled for May 8, 2025, with both on-site and online voting options available for shareholders [22][23] - The meeting will address various proposals that have been approved by the board, including those requiring special resolutions and those involving related party transactions [25]

4月16日晚间，天安新材（603725）(603725.SH)发布了2024年度业绩报告。面对房地产政策调整传导滞 后、建陶家居行业需求疲软等挑战，公司以"泛家居产业生态圈"为战略支点，紧抓"好房子"建设、城市 更新等政策机遇，以创新穿越经济周期，以生态激活市场存量资源，2024年实现营业收入31亿元，归母 净利润1.01亿元，扣非归母净利润9049.33万元，同比增长23.40%。企业综合实力持续攀升，被评为佛 山制造业企业百强第57名、佛山民营企业百强第88名，并首次入选广东企业500强。 同日，天安新材还发布了2025年一季报，公司业绩延续增长势头，实现营收5.8亿元、归母净利润 1517.24万元，同比分别增长10.31%和23.7%，扣非净利润增幅扩大至36.98%。 双主业夯实根基生态圈协同发力 报告期内，天安新材持续深耕建筑陶瓷和高分子复合饰面材料两大主业，不断提升核心竞争力，夯实企 业发展根基。 其中，建筑陶瓷板块以"价值驱动"破局行业产能出清，聚焦研发设计与品牌营销"微笑曲线"两端，推出 高环保性能与美学兼具的中国瓷等创新产品，全年销量超4560万平方米，同比增长3%，市占率持续提 升。 在 ...