Group 1 - The company Tianyi New Materials (688033.SH) reported a total operating revenue of 423 million yuan for the first half of 2025, representing a year-on-year decline of 17.26% [1] - The net profit attributable to shareholders of the parent company was -209 million yuan, which is an improvement of 283 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.37 yuan [1]

Core Viewpoint - Tianyi New Materials reported a significant decline in revenue and negative net profit for the first half of 2025, indicating ongoing financial challenges for the company [1][2]. Financial Performance - The company's revenue for the first half of 2025 was 423 million yuan, a year-on-year decrease of 17.26% [1]. - The net profit attributable to shareholders was -209 million yuan, an increase of 57.52% compared to the previous year [1]. - The basic earnings per share were -0.37 yuan [1]. - The gross margin for the first half of 2025 was -4.88%, an increase of 14.60 percentage points year-on-year [2]. - The net margin was -49.58%, up 48.04 percentage points from the same period last year [2]. Quarterly Analysis - In Q2 2025, the gross margin was -10.67%, showing a year-on-year increase of 28.11 percentage points but a quarter-on-quarter decrease of 10.53 percentage points [2]. - The net margin for Q2 was -63.28%, which was an increase of 159.75 percentage points year-on-year but a decrease of 24.91 percentage points from the previous quarter [2]. Expense Management - Total operating expenses for the first half of 2025 were 173 million yuan, a decrease of 10.78 million yuan compared to the previous year [2]. - The expense ratio was 40.79%, an increase of 4.93 percentage points year-on-year [2]. - Sales expenses decreased by 9.83%, while management expenses increased by 13.97% [2]. Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 17,600, an increase of 1,090 or 6.61% from the previous quarter [3]. - The average market value per shareholder increased from 186,300 yuan to 205,100 yuan, a growth of 10.12% [3]. Company Overview - Tianyi New Materials specializes in the research, production, and sales of powder metallurgy brake pads for high-speed trains and urban rail vehicles [3]. - The main business revenue composition includes: 51.64% from photovoltaic monocrystalline auxiliary materials, 35.44% from powder metallurgy brake pads, and 12.13% from resin-based carbon fiber composite products [3]. - The company is categorized under the mechanical equipment industry, specifically in rail transit equipment [3].

Meeting Overview - The third session of the Supervisory Board of Beijing Tianyi Shangjia High-tech Materials Co., Ltd. was held on August 29, 2025, combining in-person and remote attendance [1] - The meeting was convened in accordance with the relevant regulations of the Company Law of the People's Republic of China and the company's articles of association [1] Resolutions Passed - The Supervisory Board unanimously approved the proposal regarding the company's 2025 semi-annual report and its summary, confirming that the report's preparation and review procedures comply with legal and regulatory requirements, and accurately reflect the company's actual situation [2] - The board also approved the special report on the storage, management, and actual use of raised funds for the first half of 2025, affirming that the management of raised funds adheres to relevant regulations and that there were no violations regarding the use of these funds [2]

Core Points - The company, Tianyi New Materials, is holding its second extraordinary general meeting of shareholders on September 15, 2025, with both on-site and online voting options available [1][3][4] - The online voting will be conducted through the Shanghai Stock Exchange's system, with specific time slots for voting on the day of the meeting [1][3] - Shareholders must register to attend the meeting by providing necessary identification and documentation by September 10, 2025 [5][6] Meeting Details - The meeting will take place at the company's office located in Beijing, and the board of directors is the convener of the meeting [4][6] - Shareholders eligible to attend are those registered by the close of trading on September 9, 2025 [5] - The voting process allows for both in-person and online participation, with specific instructions for proxy voting [3][4][5] Voting Procedures - Shareholders can vote through the trading system or the internet voting platform, with the first vote counted in case of multiple submissions [3][4] - There are no related parties that need to abstain from voting on the proposed resolutions [3] - The company has provided a proxy authorization form for shareholders who wish to delegate their voting rights [7][8]

证券代码：688033 证券简称：天宜新材 公告编号：2025-041 北京天宜上佳高新材料股份有限公司 关于召开2025年第二次临时股东大会的通知 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第二次临时股东大会 召开日期时间：2025 年 9 月 15 日 14 点 30 分 网络投票系统：上海证券交易所股东大会网络投票系统 召开地点：北京市房山区窦店镇迎宾南街 7 号院 （五） 网络投票的系统、起止日期和投票时间。 网络投票起止时间：自2025 年 9 月 15 日 至2025 年 9 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为 股东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 股东大会召开日期：2025年9月15日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投 ...

证券代码：688033 证券简称：天宜新材 公告编号：2025-037 二、监事会会议审议情况 本次会议由监事会主席刘洋先生召集和主持，与会监事经过充分讨论和认真 审议，一致同意并通过了如下决议： （一）审议通过《关于公司<2025 年半年度报告>及其摘要的议案》。 监事会认为：公司《2025 年半年度报告》及其摘要的编制和审核程序符合 法律、行政法规及中国证监会的规定，报告内容真实、准确、完整地反映了公司 的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 具体内容详见公司同日刊载于上海证券交易所网站（www.sse.com.cn）的 《2025 年半年度报告》及摘要。 北京天宜上佳高新材料股份有限公司 关于第三届监事会第二十九次会议决议公告 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 北京天宜上佳高新材料股份有限公司（以下简称"公司"）第三届监事会第二 十九次会议（以下简称"本次会议"）于 2025 年 8 月 29 日在公司会议室以现场结 合通讯的方式召开。本次会议的通知及相关材料以 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2025, achieving a total of 500 million yuan, representing a growth of 25% compared to the same period last year[13]. - The company's operating revenue for the first half of 2025 was CNY 422.92 million, a decrease of 17.26% compared to CNY 511.17 million in the same period last year[18]. - The total profit for the first half of 2025 was a loss of CNY 181.77 million, an improvement from a loss of CNY 551.26 million in the previous year[18]. - The net profit attributable to shareholders for the first half of 2025 was a loss of CNY 209.35 million, compared to a loss of CNY 492.79 million in the same period last year[18]. - The company's operating costs decreased by 27.37% to CNY 443.55 million, reflecting a decline in product prices and sales volume in the photovoltaic sector[74]. - The company reported a revenue of CNY 422.92 million, a year-on-year decrease of 17.26%[72]. - The net profit attributable to the parent company was CNY -209.35 million, with a net profit excluding non-recurring items of CNY -224.78 million[72]. User Growth and Market Expansion - User data indicates that the customer base expanded by 15%, reaching a total of 1.2 million active users during the reporting period[13]. - The company is planning to expand its market presence in Southeast Asia, targeting a market share increase of 10% within the next two years[13]. Research and Development - The company has allocated 50 million yuan for research and development in advanced materials technology for the upcoming fiscal year[13]. - The company's R&D expenditure accounted for 10.16% of operating revenue, a decrease of 0.80 percentage points from 10.96% in the previous year[19]. - R&D expenditures totaled approximately ¥42.97 million, a decrease of 23.34% compared to the previous year, with R&D expenses accounting for 10.16% of operating revenue[57]. - The company has made significant progress in the research and production of thermal protection carbon-based composite materials, initiating small batch production for certain aerospace products[43]. - The company has developed high-temperature resin prepregs and products with electromagnetic stealth capabilities, currently conducting performance tests and small batch production[52]. Financial Position and Liquidity - The company has maintained a strong cash position, with cash reserves amounting to 200 million yuan, ensuring liquidity for future investments[13]. - Cash and cash equivalents decreased by 32.84% to CNY 179.16 million, primarily due to reduced fundraising and self-owned capital[77]. - The company faces liquidity risks due to ongoing industry downturns and legal disputes affecting its financial stability[71]. - The company has implemented measures to manage accounts receivable effectively, as large-scale accounts receivable pose a risk to cash flow and financial stability[67]. Production and Operational Capacity - A strategic acquisition of a local competitor is under consideration, which could enhance production capacity by 30%[13]. - The company has established partnerships with over 20 automotive manufacturers for carbon-ceramic brake disc projects and signed strategic cooperation agreements with 2 automotive OEMs[41]. - The production line for high-performance automotive carbon-ceramic brake discs is being gradually established, with a capacity of 150,000 sets (600,000 discs) planned[51]. - The company is focusing on the development of high-performance carbon-ceramic brake materials for commercial vehicles in collaboration with major automotive manufacturers[41]. Risks and Challenges - The management highlighted potential risks related to supply chain disruptions, which could impact production timelines and costs[4]. - The company faces significant operational risks due to price declines in the rail transit business and ongoing pressure in the photovoltaic industry, with no significant recovery in production line utilization rates[66]. - The company’s performance is sensitive to macroeconomic conditions, with potential adverse effects from tightening monetary policy and fluctuations in raw material costs[70]. - The company’s comprehensive gross margin is at risk of decline due to competitive pricing pressures in the new materials sector[67]. Shareholder and Governance Matters - The board of directors confirmed that there are no non-operational fund occupations by major shareholders, ensuring financial integrity[7]. - The company has not disclosed any significant related party transactions during the reporting period[104]. - The company has not reported any significant changes in the audit opinion for the previous annual report[103]. - The company has committed to ensuring compliance with the latest regulations from the China Securities Regulatory Commission regarding return measures[100]. Investment and Future Projects - The company is expanding into new business applications in automotive and aerospace sectors, facing intense competition from established players[69]. - The total investment for the automotive brake project is 14,645.00 million, with a projected revenue of 1,581.22 million[113]. - The new smart transportation project is expected to generate 31,000.00 million in revenue, with a total investment of 34,898.78 million[114]. - The carbon material production line is scheduled to be operational by 2025[114]. Patents and Intellectual Property - The company has authorized a total of 420 patents, including 91 invention patents and 299 utility model patents, as of June 30, 2025[56]. - The company received 26 patents during the reporting period, including 3 invention patents and 23 utility model patents[56]. Corporate Governance and Compliance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[102]. - The company guarantees that it will not use related party transactions to transfer profits or harm the interests of shareholders[97]. - The company will ensure compliance with the profit distribution policy as per the draft articles of association during board meetings[98].

北京天宜上佳高新材料股份有限公司 关于2025年度"提质增效重回报"行动方案的半年度评估 报告 为深入贯彻落实《关于进一步提高上市公司质量的意见》《关于开展沪市公司 "提质增效重回报"专项行动的倡议》的相关要求，北京天宜上佳高新材料股份有限 公司（以下简称"公司"）在对2024年"提质增效重回报"行动方案落实评估的基础上， 于2025年4月22日在上海证券交易所网站披露了《2025年度"提质增效重回报"行动方 案》。2025年上半年，公司根据行动方案内容，积极开展、落实各项工作并认真评 估实施效果，公司于2025年8月29日召开的第三届董事会第三十九次会议审议通过了 《2025年度"提质增效重回报"行动方案的半年度评估报告》，行动方案半年度实施 情况具体如下： 一、面对行业周期性变化，积极应对市场调整，努力降低流动性风险 2025年上半年，公司经受的光伏行业周期性影响仍在持续，尽管公司各板块业 务均持续运营中，但业务回暖仍不理想，尚未恢复至周期前水平。在此环境下，公 司积极应对市场挑战，在稳固现有业务的同时，不断调整现有业务模式，努力挖潜 现有业务的降本增效空间，积极应对市场的挑战。 2、面对资金短缺，努力降 ...

北京天宜上佳高新材料股份有限公司 估值提升计划公告 证券代码：688033 证券简称：天宜新材 公告编号：2025-039 1 12 个月每个交易日的收盘价均低于最近一个会计年度经审计的每股归属于公司 普通股股东的净资产，即 2024 年 7 月 1 日至 2025 年 4 月 21 日每日收盘价均低 于 2023 年经审计每股净资产（9.29 元），2025 年 4 月 22 日至 2025 年 6 月 30 日每日收盘价均低于 2024 年经审计每股净资产（6.52 元）属于应当制定估值提 升计划的情形。 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、准确性和完整性依法承担法律责任。 重要内容提示： 估值提升计划的触发情形及审议程序：自 2024 年 7 月 1 日至 2025 年 6 月 30 日，北京天宜上佳高新材料股份有限公司（以下简称"公司"）股票已连续 12 个月每个交易日的收盘价均低于最近一个会计年度经审计的每股归属于公司 普通股股东的净资产（以下简称"长期破净情形"），根据《上市公司监管指引第 10 号——市值管理》，属于应当制定估值提 ...

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、准确性和完整性依法承担法律责任。 根据《上市公司募集资金监管规则》《上海证券交易所科创板上市公司自律 监管指引第 1 号——规范运作》《上海证券交易所科创板股票上市规则》等有关 法律、法规和规范性文件的规定，北京天宜上佳高新材料股份有限公司（以下简 称"公司"）董事会编制了 2025 年半年度（以下简称"报告期"）募集资金存放、 管理与实际使用情况专项报告，具体内容如下： 证券代码：688033 证券简称：天宜新材 公告编号：2025-038 北京天宜上佳高新材料股份有限公司 2025 年半年度募集资金存放、管理与实际使用情况的 专项报告 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 1、首次公开发行股票募集资金 根据中国证券监督管理委员会于 2019 年 7 月 3 日出具的《关于同意北京天 宜上佳高新材料股份有限公司首次公开发行股票注册的批复》（证监许可〔2019〕 1211 号），同意公司首次公开发行人民币普通股 47,880,000 股，募集资金总额 为人民币 975,315,600.0 ...