重要内容提示： 会议召开时间：2025年08月18日 （星期一） 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.sseinfo.com/） 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：603725 证券简称：天安新材 公告编号：2025-034 广东天安新材料股份有限公司 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。 广东天安新材料股份有限公司（以下简称"公司"）将于2025年8月15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08月18日 （星期一） 15:00-16:00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。 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。 ...

证券代码：603725 证券简称：天安新材 公告编号：2025-034 广东天安新材料股份有限公司 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 三、 参加人员 董事长、总经理：吴启超先生 独立董事：罗琴女士 副总经理、财务总监：刘巧云女士 董事、副总经理、董事会秘书：曾艳华女士 四、 投资者参加方式 投资者可于 2025 年 08 月 11 日 （星期一） 至 08 月 15 日 （星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 securities@tianantech.com 进行提问。公司将在说明会上对投资者普遍关注的 问题进行回答。 广东天安新材料股份有限公司（以下简称"公司"）将于 2025 年 8 月 15 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 ...

Core Viewpoint - Guangdong Tianan New Materials Co., Ltd. announced the completion of business registration changes for its subsidiaries, indicating a strategic move to support business development and operational efficiency [2]. Company Information - The registered address of Foshan Shiwai Yingpai Ceramics Co., Ltd. has changed to "No. 11, Xiaowugang South Garden Ceramics Factory, Shiwai Town, Chancheng District, Foshan City" [2]. - The registered address of Foshan Yingpai Technology Co., Ltd. has also changed to "No. 11, Xiaowugang South Garden Ceramics Factory, Shiwai Town, Chancheng District, Foshan City" [2]. - The registered address of Foshan Yingpai Ceramics Trading Co., Ltd. has been updated to "No. 11, Xiaowugang South Garden Ceramics Factory, Shiwai Town, Chancheng District, Foshan City" [2]. Business Registration Details - The business license for Foshan Shiwai Yingpai Ceramics Co., Ltd. has been reissued with the following details: - Unified Social Credit Code: 91440600617586216L - Name: Foshan Shiwai Yingpai Ceramics Co., Ltd. - Type: Other limited liability company - Registered Capital: 430 million RMB - Established Date: September 29, 1995 - Business Scope: Research, production, and sales of various high-end environmentally friendly decorative building materials [2][3]. - The business license for Foshan Yingpai Technology Co., Ltd. includes: - Unified Social Credit Code: 9144060456259527XC - Name: Foshan Yingpai Technology Co., Ltd. - Type: Other limited liability company - Registered Capital: 10 million RMB - Established Date: September 10, 2010 - Business Scope: Research, design, and sales of ceramic products and related services [3][4]. - The business license for Foshan Yingpai Ceramics Trading Co., Ltd. includes: - Unified Social Credit Code: 91440604562595288C - Name: Foshan Yingpai Ceramics Trading Co., Ltd. - Type: Other limited liability company - Registered Capital: 800,000 RMB - Established Date: September 27, 2010 - Business Scope: Sales of various products including ceramic products, sanitary ware, and building materials [5].

证券代码：603725 证券简称：天安新材 公告编号：2025-033 广东天安新材料股份有限公司 关于控股子公司完成工商变更登记并取得换发营业执照的公告 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。 近日，广东天安新材料股份有限公司收到控股子公司佛山石湾鹰牌陶瓷有限 公司（以下简称"石湾鹰牌"）、佛山鹰牌科技有限公司（以下简称"鹰牌科技"）、 佛山鹰牌陶瓷贸易有限公司（以下简称"鹰牌贸易"）通知，因业务发展需要， 石湾鹰牌住所由"佛山市禅城区石湾镇跃进路 2 号 B 座十层"变更为"佛山市禅 城区石湾镇街道小雾岗南园林陶瓷厂内 11 号(自编 4 号楼 241 室)"，鹰牌科技住 所由"佛山市禅城区石湾小雾岗园林陶瓷厂内 11 号自编 201-9 室(住所申报)" 变更为"佛山市禅城区石湾镇街道小雾岗南园林陶瓷厂内 11 号(自编 4 号楼 243 室)"，鹰牌贸易住所由"佛山市禅城区小雾岗南园林陶瓷厂内 5 号楼四层 403 室"变更为"佛山市禅城区石湾镇街道小雾岗南园林陶瓷厂内 11 号(自编 4 号楼 242 室)" ...

Investment Rating - The report suggests a positive outlook on Sichuan Road and Bridge as a leading player in Southwest infrastructure, highlighting its current combination of regional infrastructure growth and dividend yield [3][15]. Core Insights - The report emphasizes the importance of local manufacturing in Africa, particularly for companies like Keda Manufacturing, which is positioned as a leader in localized production and sales [4][16]. - The report notes a price increase in RTF copper foil, indicating a high demand for HVLP products, and suggests continued investment in copper foil and electronic cloth sectors [5][17]. - The report tracks the performance of various materials, indicating a downward trend in cement prices and a mixed outlook for glass and fiberglass markets [6][18][22]. Summary by Sections Weekly Discussion - Sichuan Road and Bridge is highlighted for its strong position in Southwest infrastructure, with a reported investment of 134.9 billion yuan in transportation construction, ranking second nationally and showing a 3.5% increase year-on-year [3][15]. Cyclical Linkage - Cement prices averaged 340 yuan per ton, down 43 yuan year-on-year, with an average shipment rate of 44.7% [6][18]. - Glass prices increased to 1295.28 yuan per ton, reflecting a 4.58% rise, while concrete mixing stations reported a capacity utilization rate of 7.12% [6][18]. - The report warns of potential price declines in steel due to market fundamentals [6][18]. National Subsidy Tracking - The report mentions the allocation of 690 billion yuan for consumer goods replacement subsidies, with plans for further funding in October [7][19]. Important Changes - Notable acquisitions include Defu Technology's purchase of Circuit Foil Luxembourg for 174 million euros and the listing of Hanhai Group on the A-share market [8][20][21]. Market Performance - The construction materials index fell by 3.96% over the week, with specific declines in glass manufacturing and fiberglass sectors [24]. Material Price Changes - Cement prices continued to decline, with a national average of 340 yuan per ton, while glass prices showed a slight increase [32][41]. - Fiberglass prices remained under pressure, with a reported average of 3595.25 yuan per ton [66].

Group 1 - The chemical sector experienced a pullback on July 31, with the chemical ETF (516020) showing a decline of up to 2.25% during trading [1] - Key stocks in the sector, including Qixiang Tengda, Xin Fengming, and Luxi Chemical, saw declines exceeding 3%, negatively impacting the overall sector performance [1] - Despite the pullback, the chemical sector has performed well in July, with the chemical ETF's index showing a cumulative increase of 10.18%, significantly outperforming major A-share indices like the Shanghai Composite Index (4.97%) and the CSI 300 Index (5.47%) [1][3] Group 2 - There were no significant negative news affecting the chemical sector today, and the decline may be a normal correction after substantial short-term gains [1] - The chemical sector's index has been on a downward trend since the peak in 2022, but expectations for "anti-involution" policies have led to a recovery in valuations [4] - The current market conditions may present a good opportunity for investment in the chemical sector, as the chemical ETF's price-to-book ratio is at a low point compared to the past decade [5] Group 3 - Future prospects for the chemical sector are optimistic, with government initiatives aimed at promoting growth and eliminating outdated production capacity [6] - The chemical ETF (516020) tracks the index covering various sub-sectors, with nearly 50% of its holdings in large-cap leading stocks, providing a diversified investment opportunity [6]

Group 1: Stock Performance - Yiming Pharmaceutical achieved a 10.00% increase over two consecutive days, driven by developments in Tibet and medical technology [3] - Kantai Medical saw a first board listing with a 20.03% rise, attributed to medical device advancements [4] - Zhengchuan Co. also debuted on the first board with a 9.99% increase, linked to medicinal glass [3] - Yuheng Pharmaceutical and Tianmu Pharmaceutical both recorded first board listings with increases of 10.09% and 10.00% respectively, related to the pharmaceutical sector [3] Group 2: AI and Robotics - Zhi Zhen Technology and Zhongdian Xinlong both debuted on the first board with a 10.01% increase, associated with computing power and machine learning [6] - Hubei Broadcasting and Duolun Technology also saw first board listings with increases of 10.04% and 9.95%, driven by computing power and AI applications [7] - The M-Robots open-source project was announced, aiming to create a unified robot operating system [11] Group 3: Infrastructure and Energy - The announcement of a 1.2 trillion yuan investment in a super hydropower project has led to significant interest in related stocks [13][16] - Nanfang Road Machinery and Tuoshan Heavy Industry both achieved consecutive board listings with increases of 9.99% and 10.01%, linked to engineering machinery [15] Group 4: Tourism and Hospitality - The demand for various types of tourism, including educational and family trips, has surged, with national railways reporting 341 million passenger trips [18][19] - Sizhizang Tourism and Tianfu Cultural Tourism both recorded first board listings with increases of 9.99% and 10.04%, reflecting the growing tourism sector [20] Group 5: Market Trends - The stock market has shown a strong focus on sectors such as robotics, AI, and infrastructure, with multiple companies achieving significant stock price increases [22][23]

Investment Rating - The report maintains a positive outlook on the light industry and paper-making sector for the mid-2025 earnings forecast, indicating a favorable investment rating for these industries [1]. Core Insights - The report highlights a divergence in performance within the export sector for Q2 2025, with companies that have a global supply chain showing resilience against external tariff disruptions. Notable performers include Jiangxin Home, Jiayi Co., and Tianzhen Co. [4][5]. - The two-wheeler segment is expected to benefit from government subsidies and new standards, with companies like Yadi Holdings and Aima Technology showing strong growth potential [4]. - The light consumer goods sector is characterized by a robust domestic demand, particularly in personal care products, with companies like Baiya Co. and Dengkang Oral Care expected to perform well [4]. - The packaging industry is undergoing consolidation, with leading companies experiencing a slowdown in capital expenditure, indicating a shift towards a harvest phase [4]. - The home furnishing sector is facing short-term order impacts due to the pause in government subsidies, but long-term growth is anticipated through market integration and new product categories [4]. - The paper-making sector is expected to see stable profitability due to low raw material costs and improved supply-demand dynamics [4]. Summary by Sections Export Sector - Q2 2025 shows performance divergence due to increased external disruptions, with companies like Jiangxin Home expected to see a 40%+ growth in net profit [5][6]. - Jiayi Co. anticipates a 30%+ revenue increase, while Tianzhen Co. is expected to recover orders significantly [4][5]. Two-Wheeler Sector - Companies like Aima Technology and Ninebot are projected to grow by 20% and 50% respectively in Q2 2025, driven by new product launches and market demand [8][9]. Light Consumer Goods - The sector is expected to show resilience, with companies like Chaohongji and Baiya Co. projected to grow by 20% and 2% respectively in revenue [10][11]. Packaging Industry - The report notes a continued consolidation trend, with companies like Yutong Technology and Baosteel Packaging expected to maintain stable revenue growth [12][14]. Home Furnishing Sector - The sector is facing challenges due to subsidy pauses, but companies like Mousse and Zhizhong Home are expected to adapt and show growth in the long term [13][15]. Paper-Making Sector - The report indicates stable profitability for the paper-making sector, with companies like Sun Paper and Huawang Technology expected to benefit from improved market conditions [17].

Summary of Key Points Core Viewpoint - The company and its subsidiary are providing guarantees for the loans of their controlling subsidiary, Foshan Shiwai Yingpai Ceramics Co., Ltd., totaling RMB 96.36 million, to support its operational needs and maintain control over its credit status [1][2][6]. Group 1: Guarantee Details - The company provides a maximum guarantee of RMB 63.36 million for Foshan Shiwai Yingpai, while its subsidiary, Heyuan Dongyuan Yingpai, provides a maximum guarantee of RMB 96 million [1][6]. - The guarantees are structured as joint liability guarantees, with a term of three years from the date the debtor fulfills its obligations [6]. Group 2: Internal Decision-Making Process - The company held board meetings on April 16, 2025, and May 8, 2025, to approve the guarantee and credit limit proposals, which were also ratified at the annual shareholders' meeting [2][4]. - The total authorized guarantee limit for various subsidiaries is RMB 1.3 billion, allowing for flexibility in managing financial needs [2]. Group 3: Financial Position of the Guaranteed Entity - Foshan Shiwai Yingpai has total assets of RMB 840.59 million and total liabilities of RMB 611.06 million as of the first quarter of 2025 [5]. - The company holds a 66% stake in Foshan Shiwai Yingpai, which has reported a net profit of RMB 7.65 million for the first quarter of 2025 [5]. Group 4: Risk Management and Board Opinion - The board believes that the guarantees are necessary and reasonable, ensuring that they do not harm the interests of the company or its shareholders, particularly minority shareholders [6]. - The company has no overdue external guarantees, and the total external guarantee amount is RMB 902.35 million, which exceeds the latest audited net assets by 118.74% [6].

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： 担保对象及基本情况 | | 被担保人名称 | 佛山石湾鹰牌陶瓷有限公司（以下简称"石 湾鹰牌"） | | | --- | --- | --- | --- | | | | 广东天安新材料股份有限公司（以下简称 "公司"）提供最高限额 万元的担保； 6,336 | | | | 本次担保金额 | 控股子公司河源市东源鹰牌陶瓷有限公司 | | | 担保 | | （以下简称"东源鹰牌"）提供最高限额 | | | 对象 | | 万元的担保。 9,600 | | | | 实际为其提供的担保余额 | 万元 10,457.55 | | | | （不含本次担保金额） | | | | | 是否在前期预计额度内 | 是 □不适用：_________ | □否 | | | 本次担保是否有反担保 | □是 □不适用：_________ | 否 | 证券代码：603725 证券简称：天安新材 公告编号：2025-032 广东天安新材料股份有限公司 关于公司及子公司为控股子公司 佛山石湾鹰牌 ...