Investment Rating - The industry investment rating is "Outperform the Market" [1][36]. Core Insights - The report highlights a significant increase in lithium carbonate prices, which is expected to enhance profitability in related sectors, particularly in battery and cathode materials [1][24]. - The report anticipates a gradual recovery in domestic new energy vehicle sales starting from August, driven by the release of subsidy funds, with a forecast of high growth in 2025 [1][24]. - The photovoltaic sector is undergoing a "de-involution" process, with government policies aimed at regulating low-price competition and promoting product quality [1][24]. - The hydrogen energy sector is being supported by continuous policy initiatives, with a focus on companies that have cost and technological advantages in electrolyzer production and hydrogen infrastructure [1][24]. Summary by Sections Market Overview - The electric equipment and new energy sector saw a 1.94% increase this week, with wind power leading at 4.05% and photovoltaic at 1.26% [10][13]. - The lithium battery index rose by 2.72%, reflecting ongoing price adjustments in the lithium market [10][13]. New Energy Vehicles - In July 2025, new energy vehicle retail sales reached 987,000 units, a year-on-year increase of 22.3% but a month-on-month decrease of 3.3% [24]. - The penetration rate of new energy vehicles in the overall passenger car market reached 54.0%, up 2.7 percentage points from the previous year [24]. Lithium Market - The price of battery-grade lithium carbonate reached 71,961 yuan per ton on August 8, marking a month-on-month increase of 1,012 yuan per ton [24]. - The report notes that the price of lithium carbonate has been influenced by potential production halts in Jiangxi lithium mines [24]. Photovoltaic Sector - The report indicates that the price of silicon materials remains stable, with mainstream prices for dense materials around 49-55 yuan per kilogram [15]. - The photovoltaic sector is expected to see an increase in production in August, particularly in polysilicon and other segments [24]. Hydrogen Energy - The National Energy Administration has announced pilot projects for green liquid fuel technology, including green methanol and ammonia [24]. - The report suggests focusing on companies with cost and technological advantages in the hydrogen energy sector [1][24]. Company Updates - Aisheng Co. reported a net loss of 238 million yuan for the first half of 2025, while Huaming Equipment achieved a net profit of 368 million yuan, a year-on-year increase of 17.17% [26]. - Hewa Electric reported a net profit of 242 million yuan, up 56.79% year-on-year [26].

Core Viewpoint - The company Tianyi Shangjia is selling part of its assets for 51.4 million yuan to alleviate financial difficulties and restructure its business focus towards core areas [4][5][6]. Group 1: Asset Sale Details - Tianyi Shangjia announced the sale of assets from its wholly-owned subsidiary Tianjin Tianyi for a total price of 51.4 million yuan, which includes machinery and real estate [4]. - The asset sale consists of two parts: machinery related to automotive brake pads sold for 17.5 million yuan and real estate in Tianjin sold for 33.9 million yuan [4]. - The total transaction amount of 51.4 million yuan represents a discount of 43.77% compared to the book value of the assets, which is 91.4166 million yuan [6]. Group 2: Financial Performance and Challenges - Tianjin Tianyi has been in a continuous loss state, with a net profit of -68.1251 million yuan in 2024 and a negative net asset of -72.3652 million yuan [5]. - As of the end of Q1 2025, the company's financial situation had not improved, with significant cash flow pressures due to frozen bank accounts totaling 87.5792 million yuan, representing 32.83% of the cash at the end of 2024 [6]. Group 3: Strategic Business Restructuring - The company plans to divest from the automotive brake pads and steel backing business and relocate its rail transit brake production lines to its Beijing base [5]. - This strategic move indicates a shift in focus towards the rail transit sector, while the main business areas, including high-speed rail powder metallurgy brake pads and photovoltaic materials, remain unaffected by this adjustment [6][7]. - The asset sale is seen as a necessary step for financial relief and a strategic adjustment to streamline operations and enhance efficiency [7].

Core Viewpoint - Tianyi New Materials (688033.SH) is facing significant debt pressure and is attempting to improve liquidity through asset disposals, including the sale of machinery and real estate related to its automotive brake pad project for a total of 51.4 million yuan, which represents a 43.77% discount to the asset's book value [1][2][3] Group 1: Financial Performance - In 2024, Tianyi New Materials reported a net loss of 1.495 billion yuan, and for the first half of 2025, the company expects a net loss between 190 million to 240 million yuan [1][6] - The company's revenue from its photovoltaic business has significantly declined, with revenues of 5.85 billion yuan, 1.749 billion yuan, and 356 million yuan from 2022 to 2024, and a gross margin that fell from 51.87% to -85.41% [5] - For the first three months of 2025, Tianyi New Materials reported revenues of 571.17 million yuan and a net loss of 301.11 million yuan [3] Group 2: Asset Disposal - Tianyi New Materials plans to sell its wholly-owned subsidiary Tianyi Shangjia's assets, including machinery and real estate, to improve cash flow and alleviate debt pressure [1][2] - The asset sale includes two transactions: one for machinery at 17.5 million yuan and another for land use rights and buildings at 33.9 million yuan, totaling 51.4 million yuan [2][3] - The book value of the assets being sold is 91.4166 million yuan, indicating a significant discount to facilitate the sale [3] Group 3: Debt and Cash Flow Issues - As of July 31, 2025, Tianyi New Materials had 87.5792 million yuan in frozen bank accounts, representing 39.35% of its cash holdings as of the first quarter of 2025 [1][7] - The company acknowledges that cash flow issues are a primary concern, with significant debt repayment pressure and a large funding gap [1][6]

Group 1 - Jerry Holdings reported a net profit of 1.241 billion yuan for the first half of 2025, an increase of 14.04% year-on-year, with total revenue reaching 6.901 billion yuan, up 39.21% year-on-year [1] - Tian Tan Biological announced a net profit of 633 million yuan for the first half of 2025, a decrease of 12.88% year-on-year, with total revenue of 3.110 billion yuan, an increase of 9.47% year-on-year [2] - Shunbo Alloy achieved a net profit of 177 million yuan for the first half of 2025, a significant increase of 110.56% year-on-year, with total revenue of 7.126 billion yuan, up 11.75% year-on-year [7] Group 2 - Dashi Intelligent signed a contract for the Jingpai Building smart project with a total contract value of 34.06 million yuan, accounting for 1.07% of the company's audited revenue for 2024 [3] - Maglev Technology plans to invest 700 million yuan to establish a research and production base for maglev compressors, aiming to optimize product structure and enhance production capacity [4] - Koweil received government subsidies totaling 5.502 million yuan, which are expected to positively impact the company's profits for 2025 [5] Group 3 - Pengding Holdings reported a consolidated revenue of 3.002 billion yuan for July 2025, an increase of 12.28% compared to the same period last year [9] - Liuyou Group repurchased 544,500 shares at a price range of 18.29 to 18.36 yuan per share, totaling approximately 9.9828 million yuan [10] - Jin Xin Nong reported a sales revenue of 96.731 million yuan from pig sales in July 2025, with a total of 79,400 pigs sold [12] Group 4 - Jiangsu Huachen plans to use up to 70 million yuan of idle raised funds for cash management, investing in safe and liquid financial products [13] - Gongtong Pharmaceutical's subsidiary intends to purchase assets from an affiliate for 16.57 million yuan to build a wastewater treatment facility [15] - Tian Shi Li appointed Wang Yimin as the vice general manager, effective immediately [16] Group 5 - Zhejiang Yongqiang established a subsidiary in Indonesia with a registered capital of 230 billion Indonesian rupiah, focusing on overseas capacity investment and international trade [18] - Wangli Security received three invention patents, enhancing its product portfolio in security locks [20] - Shennong Group reported a sales revenue of 327 million yuan from pig sales in July 2025, with an average selling price of 14.73 yuan per kilogram [21] Group 6 - Dize Pharmaceutical's product DZD8586 received fast track designation from the FDA for treating relapsed refractory chronic lymphocytic leukemia [23] - Daqin Railway reported a cargo transportation volume of 31.79 million tons in July 2025, a year-on-year increase of 5.40% [24] - Xin Hongye's subsidiary won a bid for a nuclear-grade cable procurement project worth 81.58 million yuan [26] Group 7 - Hainan Hengbo established a wholly-owned subsidiary with a registered capital of 50 million yuan, focusing on technology services and new material technology research [26] - Changhong Huayi reported a net profit of 257 million yuan for the first half of 2025, an increase of 13.42% year-on-year, with total revenue of 6.628 billion yuan [27] - Haiguang Information achieved a net profit of 1.201 billion yuan for the first half of 2025, an increase of 40.78% year-on-year, with total revenue of 5.464 billion yuan [28] Group 8 - Dongmu Co. reported a net profit of 261 million yuan for the first half of 2025, an increase of 37.61% year-on-year, with total revenue of 2.930 billion yuan [29] - Hanma Technology announced the resignation of its executive vice president due to personal reasons [30] - Guangge Technology's shareholders plan to reduce their holdings by up to 4.04% of the company's shares [31] Group 9 - *ST Energy's subsidiary won a bid for an independent energy storage project with a total bid price of 320 million yuan for design and 301 million yuan for construction [32] - Chipeng Micro plans to reduce its holdings by up to 2% of the company's shares due to personal financial needs [33] - Ancar Detection announced a change in its controlling shareholder to Silicon Technology, with stock resuming trading [35] Group 10 - Dahao Technology's vice president is temporarily unable to perform duties due to health reasons [36] - Sanjiang Shopping's cooperation agreement with Hema will not be renewed after its expiration in March 2026 [37] - Huisheng Biological reported a net profit of 117 million yuan for the first half of 2025, a year-on-year increase of 325.88% [38] Group 11 - Dongshan Precision plans to increase capital in its subsidiary by 3.5 billion USD to support high-end PCB projects [39] - Yunnan Copper's subsidiary's bankruptcy liquidation application has been accepted by the court due to resource depletion [40] - Shanghai Bank's board member and chairman's qualifications have been approved by regulatory authorities [41] Group 12 - Junwei Electronics plans to acquire 100% of Flat Electronics Co., Ltd. for 2.6 billion yen to enter the film resistor market [42] - Daodaoquan's controlling shareholder plans to increase its stake in the company by 50 million to 100 million yuan [43] - Yinglian Co.'s subsidiary signed a strategic cooperation agreement with a well-known cylindrical battery company [45] Group 13 - Debang Technology's state integrated circuit fund plans to reduce its holdings by up to 3% of the company's shares [47] - Tianyi New Materials plans to sell part of its subsidiary's assets for 51.4 million yuan to improve cash flow [49] - Rongtai Co. intends to acquire 51% of Zhongshan Aoduo for 288 million yuan [51]

证券日报网讯 8月5日晚间，天宜新材发布公告称，公司拟将全资子公司天宜上佳（天津）新材料有限 公司持有的汽车刹车片与配件项目产线相关机器设备及不动产（以下简称"交易标的"）进行出售。此次 出售的部分交易标的涉及公司前期"年产30万件轨道交通车辆闸片/闸瓦、30万套汽车刹车片、412.5万套 汽车配件项目"。本次全资子公司转让的汽车刹车片与配件项目产线相关机器设备及不动产事项已经公 司2025年8月4日召开的第三届董事会第三十七次会议及第三届监事会第二十八次会议审议通过，尚需提 交公司股东大会审议。 （编辑 李家琪） ...

证券代码：688033 证券简称：天宜新材 公告编号：2025-030 北京天宜上佳高新材料股份有限公司 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 十八次会议（以下简称"本次会议"）于 2025 年 8 月 4 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电话、电子邮件等相结合的方 式于 2025 年 8 月 1 日发出。本次会议应出席会议监事 3 名，实际出席监事 3 名， 其中现场表决的监事 3 名。本次会议的召集与召开符合《中华人民共和国公司法》 和《北京天宜上佳高新材料股份有限公司章程》的有关规定。 二、监事会会议审议情况 表决结果：3 票赞成，0 票反对，0 票弃权。 特此公告。 北京天宜上佳高新材料股份有限公司 监事会 （一）审议通过《关于转让子公司部分资产的议案》。 公司监事会认为：为缓解公司偿债压力，确保尽快回流现金，公司本次折价 出售持续亏损资产事项的审议及表决程序合法、有效，监事会 ...

证券代码：688033 证券简称：天宜新材 公告编号：2025-032 北京天宜上佳高新材料股份有限公司 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： （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 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。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 8 月 21 日 至2025 年 8 月 21 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。 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的 投票，应按照《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 ...

Core Viewpoint - The company plans to sell part of the assets of its wholly-owned subsidiary Tianyi Shanjia (Tianjin) New Materials Co., Ltd. to improve cash flow and activate existing assets [1][2][13]. Group 1: Transaction Overview - The company intends to sell machinery and equipment related to the automotive brake pads and components project for CNY 17.5 million to Zhuhai Glailey Friction Materials Co., Ltd. [2] - The company will transfer the state-owned land use rights and buildings located at No. 5, Huanning Road, Wuqing District, Tianjin, with a building area of 16,778.56 m² for CNY 33.9 million to Chongqing Hongmai Tianxia Industrial Development Group Co., Ltd. [2] - The sale of these assets is part of a strategy to divest from the automotive brake pads and components business while transferring the rail transit brake pads business to the Beijing base [2][15]. Group 2: Financial Information - As of June 30, 2025, the total assets of Tianyi Shanjia were CNY 141,823.66 million, with total liabilities of CNY 80,154.95 million, resulting in net assets of CNY 61,668.71 million [4]. - The company reported a revenue of CNY 44,389.01 million and a net profit of CNY 4,527.14 million for the first half of 2025 [4]. - The assets being sold have a total book value of CNY 9,141.66 million, with machinery valued at CNY 2,643.55 million and real estate valued at CNY 6,498.11 million [9][16]. Group 3: Necessity and Impact of the Transaction - The company is facing significant financial pressure due to cash flow shortages and high debt obligations, prompting the need to sell assets to improve liquidity [13][14]. - The sale is expected to generate approximately CNY 51.4 million in cash, despite a discount of 43.77% on the book value of the assets [9][16]. - The board of directors and supervisory board have approved the asset sale, recognizing its importance in alleviating the company's financial strain [16].

重要公告： 若羽臣：筹划发行H股股票并在香港联合交易所上市 山东海化：拟取得中盐碱业29%股权投资总额23.2亿元 牧原股份：7月销售商品猪收入116.39亿元同比下降10.41% 三江购物：与盒马公司签署的盒马鲜生业务合作协议到期后不再续签 三江购物（601116）公告，公司与关联方阿里巴巴（中国）有限公司所属的盒马（中国）有限公司（简 称"盒马公司"）签署的《盒马鲜生业务合作协议》，将于2026年3月31日到期，合作协议到期后不再续 签。为妥善安排员工工作，尽量减少对顾客购物的影响，公司将尽快与盒马公司商议涉及协议终止的相 关过渡及交接事宜，期间会对宁波盒马门店销售产生影响。 豪恩汽电：拟定增募资不超过11.05亿元用于豪恩汽电深圳产线扩建项目等 安车检测：控股股东变更为矽睿科技股票6日起复牌 沪市重要公告： 明志科技：就云内动力拖欠货款事项向法院提起诉讼 明志科技（688355）公告，公司就昆明云内动力股份有限公司（简称"云内动力"）拖欠货款事项向昆明 市官渡区人民法院（简称"法院"）提起诉讼，并于近日收到法院送达的《受理案件通知书》，涉案金额 合计3537.97万元。截至公告披露日，该案件已立案，尚未 ...

证券日报网讯 8月5日晚间，天宜新材发布公告称，公司第三届监事会第二十八次会议审议通过了《关 于转让子公司部分资产的议案》。 （文章来源：证券日报） ...