证券代码：603725 证券简称：天安新材 公告编号：2024-058 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 2024 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。 广东天安新材料股份有限公司 关于召开 2024 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 投资者可于 2024 年 08 月 12 日(星期一) 至 08 月 16 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 2024 年 8 月 17 日发布公司 2024 年半年度报告，为便于广大投资者更全面深 入地了 ...

证券代码：603725 证券简称：天安新材 公告编号：2024-056 广东天安新材料股份有限公司 关于为全资子公司广东天安高分子科技有限公司 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 公司已分别于 2024 年 3 月 21 日、2024 年 4 月 11 日召开第四届董事会第十 二次会议和 2023 年年度股东大会，审议通过了《关于公司及子公司 2024 年度向 银行等金融机构申请授信额度及提供担保的议案》，其中公司可以为安徽天安新 材料有限公司、浙江瑞欣装饰材料有限公司、天安高分子提供最高限额人民币 117,000 万元的连带责任保证担保，并授权经营管理层具体办理和签署相关文件。 授权自公司2023年年度股东大会审议通过之日起至2024年年度股东大会结束止， 在上述额度范围内，无需另行召开股东大会审议批准。具体内容详见公司在上交 所披露的《关于公司及子公司 2024 年度向银行等金融机构申请授信额度及提供 担保的公告》（公告编号：2024-022）。公司本次对天安高 ...

证券代码：603725 证券简称：天安新材 公告编号：2024-055 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 佛山石湾鹰牌陶瓷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。 （二）本次担保事项的内部决策程序 重要内容提示： 2、公司为石湾鹰牌向交通银行股份有限公司佛山分行（以下简称"交通银行 佛山分行"）申请贷款以及办理保理等业务提供担保，担保的最高本金限额分 别为人民币 792 万元、4,752 万元；控股子公司东源鹰牌为石湾鹰牌向交通银 行佛山分行申请贷款以及办理保理等业务提供担保，担保的最高本金限额分 别为人民币 1,200 万元、7,200 万元。 1 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"） 本次担保金额： 1、广东天安新材料股份有限公司（以下简称"公司"）为石湾鹰牌向招商银 行股份有限公司佛山分行（以下简称"招商银行佛山分行"）申请贷款等业 务提供担保的最高本金限额为人民币 3,300 万元；控股子公司河源市东源鹰 牌陶瓷有限公司（以下简称"东源鹰牌 ...

证券代码：603725 证券简称：天安新材 公告编号：2024-054 广东天安新材料股份有限公司 （一）2024 年 4 月 12 日，公司首次实施回购股份，并于 2024 年 4 月 13 日披 露了首次回购股份情况，具体内容详见公司于 2024 年 4 月 13 日在上海证券交易 所网站（www.sse.com.cn）披露的《关于以集中竞价交易方式首次回购公司股份的 公告》（公告编号：2024-038）。 （二）截至本公告披露日，公司完成回购，已实际通过集中竞价交易方式累 计回购公司股份 3,650,320 股，占公司总股本的比例为 1.1974%，回购成交最高价 为 10.23 元/股（2023 年度权益分派除权除息前回购价格上限为 14 元/股），最低价 为 6.17 元/股，交易总金额为 30,027,578.60 元（不含交易费用）。 关于股份回购实施结果暨股份变动的公告 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： | 回购方案首次披露日 | 2024/2/19 | | | | | | -- ...

Financial Performance - The company expects a net profit attributable to shareholders of approximately 50.2 million to 57.6 million yuan for the first half of 2024, representing an increase of 13.03 million to 20.43 million yuan compared to the same period last year, with a year-on-year growth of approximately 35% to 55%[5] - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, of about 48.5 million to 54 million yuan, which is an increase of 24.28 million to 29.78 million yuan year-on-year, reflecting a growth of approximately 100% to 123%[6] - In the same period last year, the net profit attributable to shareholders was 37.17 million yuan, and the net profit excluding non-recurring gains and losses was 24.22 million yuan[8] Growth Drivers - The growth in net profit is primarily attributed to the company's commitment to the pan-home furnishing industry strategy, enhancing collaboration among business segments, and expanding market reach[9] - The company has seen continuous revenue growth in its polymer composite decorative materials segment, with an increase in high-margin product orders[9] - The company has implemented refined management practices and strict cost control measures, resulting in a year-on-year reduction in overall expenses[9] Forecast and Data Validity - There are no significant uncertainties affecting the accuracy of this performance forecast[10] - The financial data provided is preliminary and subject to confirmation in the official 2024 semi-annual report[11]

Summary of Conference Call Minutes Company or Industry Involved - The document does not specify a particular company or industry, but it emphasizes the confidentiality of the conference call content. Core Points and Arguments - The conference call content is strictly for internal reference among participants, and any disclosure to external parties is prohibited [1] - Participants are warned against requesting, leaking, disseminating, or forwarding the conference call minutes, as such actions are considered infringement [1] - The organization reserves the right to pursue legal action against individuals who leak or forward the conference call minutes [1] Other Important but Possibly Overlooked Content - The emphasis on confidentiality indicates the sensitivity of the information discussed during the call, suggesting that it may contain critical insights or strategic plans that could impact the company or industry [1]

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 2024 年 07 月 03 日 08:29 请参会人员务必注意，本次电话会议交流内容仅限参会人员内部参考。任何机构或个人不得以 任何形式对电话会议任何内容进行泄露或外发，请勿以任何方式索要、泄露、散布、转发电话 会议纪要，任何泄露电话会议纪要等信息的行为均为侵权行为。申万宏源研究保留追究泄露转 发者法律责任新的权利。 天安新材 20240702_原文 发言人 00:00 发言人 00:35 各位投资人晚上好，我是申万轻工的分析师魏雨晨。今天由我来向大家推荐天安新材这家公司。 这家公司它是属于一个底部并购之后底部反转，然后以及切入整装业务之后天花板比较高的这 样一个标记。目前整体上地产链的行业比较悲观，但是我们还是看好公司的阿尔一方面中短期 去看好他收购的这个鹰牌陶瓷资产的这个利润率的弹性。它采用这个轻资产的打法，能够对同 时对这个内部的管理层有效的进行一个激励，实现这个利润率的一个底部反转。然后长期我们 看好它所进军的这个装配式内装的这个里，它采用的这个装配式内装是一个全新的整装模式， 在渗透率在 B 端和 C 端都能够得到一个非常有效的提升，未来这 ...

Summary of Conference Call Company or Industry Involved - The document does not specify a particular company or industry, but it emphasizes the confidentiality of the conference call content. Core Points and Arguments - The conference call content is strictly for internal reference among participants, and any disclosure to external parties is prohibited [1] - Participants are warned against requesting, leaking, disseminating, or forwarding the conference call minutes, as such actions are considered infringement [1] - The company reserves the right to pursue legal action against individuals who leak or forward the conference call minutes [1] Other Important but Possibly Overlooked Content - The emphasis on confidentiality suggests that the information discussed may contain sensitive data that could impact the company's reputation or market position if disclosed [1]

证券代码：603725 证券简称：天安新材 公告编号：2024-052 广东天安新材料股份有限公司 关于以集中竞价交易方式回购股份的进展公告 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。 因实施 2023 年年度权益分派，2024 年 6 月 7 日本次回购股份价格上限由人 民币 14 元/股（含本数）调整为人民币 9.91 元/股（含本数）。具体内容详见公司 于 2024 年 6 月 1 日在上海证券交易所网站（www.sse.com.cn）披露的《关于权益 分派后调整回购股份价格上限的公告》（公告编号：2024-048）。 重要内容提示： | 回购方案首次披露日 | 2024/2/19 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 月 2024 2 | 18 | 日~2025 | 年 | 2 | 17 | 日 | | 预计回购金额 | 万元 3,000 万元~6,000 | | | | | | | | 回购 ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating a positive outlook for its future performance [148][115]. Core Insights - The company has successfully transformed its business model by integrating various segments, including building ceramics and home decoration, to create a comprehensive home furnishing ecosystem [4][115]. - The automotive interior segment has shown robust growth, with a revenue increase of 15.5% in 2023, driven by expanding partnerships with new energy vehicle manufacturers [189][115]. - The company has adopted a light-asset model through outsourcing production, which allows for rapid market expansion and improved supply chain efficiency [30][115]. Summary by Sections Investment Rating and Valuation - The company is expected to achieve a net profit of 1.52 billion, 2.13 billion, and 2.85 billion yuan for the years 2024 to 2026, representing year-on-year growth rates of 25.8%, 39.9%, and 33.7% respectively [58][115]. - The report utilizes a PEG ratio of 0.6 for valuation, suggesting significant upside potential in the company's market value [59][115]. Company Overview - The company has a stable shareholding structure, with the largest shareholder holding over 30% of the shares, ensuring strong management control [180][115]. - The management team is experienced and has a proven track record in driving strategic transformations within the company [182][115]. Market Performance - In 2023, the company reported a total revenue of 31.4 billion yuan, a year-on-year increase of 15.7%, with significant contributions from the building ceramics and automotive interior segments [146][115]. - The gross margin for 2023 was 22.4%, reflecting an improvement of 1.8 percentage points compared to the previous year [147][115]. Strategic Initiatives - The company is focusing on the integration of its product lines, moving from a single ceramic product offering to a diversified range that includes tiles, wall panels, and flooring [76][115]. - The report highlights the company's commitment to innovation in product development, particularly in the application of automotive interior technologies to enhance the efficiency and environmental sustainability of its home decoration products [90][115]. Industry Context - The building ceramics industry is currently undergoing a phase of capacity clearing, with a focus on cost control and efficiency as key competitive factors [31][115]. - The overall market for home decoration and renovation is projected to grow significantly, driven by increasing demand for integrated solutions and sustainable materials [84][115].