Group 1 - The core viewpoint of the news is that Tian Nai Technology has shown significant stock performance with a year-to-date increase of 60.33%, despite a recent decline of 9.20% over the last five trading days [1] - As of October 14, the stock price reached 61.99 yuan per share, with a total market capitalization of 22.714 billion yuan [1] - The company specializes in the research, production, and sales of nano-scale carbon materials, with a primary revenue source from carbon nanotube conductive pastes, accounting for 98.04% of its main business income [1] Group 2 - As of June 30, the number of shareholders increased by 1.28% to 23,800, while the average circulating shares per person decreased by 1.26% to 14,455 shares [2] - For the first half of 2025, Tian Nai Technology reported a revenue of 654 million yuan, reflecting a year-on-year growth of 1.08%, and a net profit attributable to shareholders of 117 million yuan, also up by 1.07% [2] - The company has distributed a total of 244 million yuan in dividends since its A-share listing, with 179 million yuan distributed over the past three years [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688116 证券简称：天奈科技 公告编号：2025-077 转债代码：118005 债券简称：天奈转债 江苏天奈科技股份有限公司 关于2022年限制性股票激励计划首次授予部分 第三个归属期归属结果暨股份上市的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为100,240股。 本次股票上市流通总数为100,240股。 ● 本次股票上市流通日期为2025年10月16日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责任公司上海分公司有关业务 规则的规定，江苏天奈科技股份有限公司（以下简称"公司"）收到中国证券登记结算有限责任公司上海 分公司于2025年10月10日出具的《证券变更登记证明》，公司已完成2022年限制性股票激励计划（以下 简称"2022年激励计划"）首次授予部分第三个归属期的股份登记工作。现将有关情况公告如下： 一、激励计划已履行的决策程序和信息 ...

Summary of Tianwei Technology Conference Call Company Overview - **Company**: Tianwei Technology - **Industry**: Carbon Nanotube Conductive Paste Key Points Industry and Market Context - Tianwei Technology is not directly affected by recent export control policies as its main product is carbon nanotube conductive paste, not restricted artificial graphite anode materials. The overseas sales proportion is small, limiting the impact of these controls [2][3] Product and Production Plans - The company is focusing on its Kansas factory, which is planned to produce 10,000 tons of paste annually, primarily for overseas clients like Panasonic, with production expected to start in 2026 [2][4] - Single-arm carbon nanotube products are experiencing rapid growth, expected to multiply by 2026 due to demand from fast-charging batteries, improved range, and silicon-carbon anode applications. The energy storage sector's long-cycle demand is also driving growth [2][5] - For 2026, Tianwei plans to stabilize multi-arm products while converting some capacity to single-arm, targeting 10,000 tons of pure single-arm products and 30,000 tons of separately compounded products, totaling 40,000 tons [2][7] Financial Performance and Projections - Multi-arm products have stable prices with a gross margin above 50%, while powder products boast a gross margin of 60-70%. The company anticipates continued strong growth in performance next year [2][8] - The average local price for powder exceeds 10,000 yuan per kilogram, with a price increase already implemented in 2025. Prices are expected to remain stable over the next two years [2][13] - The company’s annual production capacity is currently around 40 tons, with a partial release of 150 tons from the wood project in Q4. By mid-next year, the capacity is expected to reach 130-140 tons [2][14] Customer Demand and Market Dynamics - Major customers in the power sector, such as CR, Guoxuan, Zhongchuang, and Xinghang, are projected to require about 10,000 tons of related single products each. The new policies are expected to accelerate the adoption of single-cell batteries, potentially exceeding demand expectations [2][17] - The demand for high-performance materials is increasing due to enhanced requirements for range and energy consumption in electric vehicles. The demand for both power batteries and energy storage is growing rapidly, with power batteries remaining dominant [2][18][20] Competitive Landscape - The entry of new competitors in the market is unlikely in the short term due to high technological barriers and the significant time and resources required for research and development [2][16] - Current competitor Oksail faces challenges in expanding production due to funding issues exacerbated by the Russia-Ukraine conflict [2][15] Future Growth Areas - Tianwei is exploring new fields such as solid-state batteries and carbon-based chips, which are expected to have a market scale reaching hundreds of billions in the next 3-5 years [2][6] - The company is also focusing on sodium-ion batteries, electronic shielding materials, and flexible sensors, which may lead to increased demand [2][6] Profitability Outlook - The company expects to achieve a profit of 700-800 million yuan next year, surpassing market expectations, driven by high barriers to entry and rapid growth [2][25]

Core Points - Tian Nai Technology announced the listing of stock for equity incentive shares, with a total of 100,240 shares to be listed [1] - The subscription method for the stock is offline, and the listing date for trading is set for October 16, 2025 [1]

证券代码：688116 证券简称：天奈科技 公告编号：2025-077 转债代码：118005 债券简称：天奈转债 江苏天奈科技股份有限公司 关于 2022 年限制性股票激励计划首次授予部分第三个 归属期归属结果暨股份上市的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上 市股数为100,240股。 本次股票上市流通总数为100,240股。 本次股票上市流通日期为2025 年 10 月 16 日。 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司上海分公司有关业务规则的规定，江苏天奈科技股份有限公司（以下简称 "公司"）收到中国证券登记结算有限责任公司上海分公司于 2025 年 10 月 10 日 出具的《证券变更登记证明》，公司已完成 2022 年限制性股票激励计划（以下简 称"2022 年激励计划"）首次授予部分第三个归属期的股份登记工作。现将有关情 况公告如下： 一、激励计划已履行的决策程序和信息披露情况 1、202 ...

Core Viewpoint - The recent export control policies by the government are not expected to significantly impact the construction progress of the company's factories in the U.S. and Europe, nor the export and installation of carbon nanotube equipment [1] Group 1: Company Operations - The company currently has a small proportion of overseas business, and its overseas factories are under construction [1] - The main products of the company, carbon nanotube conductive paste and its primary production equipment, are not within the scope of the export control policies [1] - The company will continue to closely monitor policy developments to address potential trade policy changes [1]

格隆汇10月9日丨天奈科技(688116.SH)公布，截至2025年9月30日，公司通过上海证券交易所交易系统 以集中竞价交易方式累计回购公司股份111.7万股，占公司总股本的比例为0.30%，回购成交的最高价为 51.61元/股，最低价为43.46元/股，支付的资金总额为人民币5415.17万元（不含印花税、交易佣金等交 易费用）。 ...

| 证券代码：688116 | 证券简称：天奈科技 | 公告编号：2025-075 | | --- | --- | --- | | 转债代码：118005 | 债券简称：天奈转债 | | 一、 回购股份的基本情况 江苏天奈科技股份有限公司（以下简称"公司"）已于 2025 年 1 月 10 日召开第 三届董事会第十六次会议审议通过了《关于以集中竞价交易方式回购公司股份方 案的议案》，同意公司使用自有资金和/或自筹资金以集中竞价交易方式回购公司已 发行的部分人民币普通股（A 股）股票，并将回购股份在未来适宜时机用于员工 持股计划和/或股权激励。公司本次回购价格不超过人民币 63.47 元/股（含），回购 资金总额不低于人民币 5,000 万元（含），不超过人民币 10,000 万元（含），本次 回购期限为自董事会审议通过本次回购股份方案之日起 12 个月内。本事项具体内 容详见公司分别于 2025 年 1 月 11 日、2025 年 2 月 13 日在上海证券交易所网站 （www.sse.com.cn）披露的《江苏天奈科技股份有限公司关于以集中竞价交易方式 回购公司股份方案的公告》（公告编号：2025-004） ...

| 证券代码：688116 | 证券简称：天奈科技 | 公告编号：2025-076 | | --- | --- | --- | | 转债代码：118005 | 债券简称：天奈转债 | | 江苏天奈科技股份有限公司 关于可转债转股结果暨股份变动公告 根据有关规定和《江苏天奈科技股份有限公司向不特定对象发行可转换 公司债券募集说明书》的约定，公司向不特定对象发行可转换公司债券"天奈 转债"自 2022 年 8 月 9 日起可转换为公司股份，转股期间为 2022 年 8 月 9 日至 2028 年 1 月 26 日。"天奈转债"的初始转股价格为 153.67 元/股，因公 司实施 2021 年年度权益分派方案，自 2022 年 7 月 5 日起"天奈转债"转股价 格从 153.67 元/股调整为 153.60 元/股。具体内容详见公司于 2022 年 6 月 25 日在 上海证券交易所网站（www.sse.com.cn）披露的《江苏天奈科技股份有限公司关 于 2021 年度权益分派调整可转债转股价格的公告》（公告编号：2022-040）。 因公司 2020 年限制性股票激励计划预留授予部分第一个归属期和首次授予 部 ...

Core Viewpoint - Tianwei Technology's stock has shown significant growth this year, with an 80.45% increase, indicating strong market performance and investor interest [1][2]. Group 1: Stock Performance - On September 30, Tianwei Technology's stock rose by 2.20%, reaching 69.77 CNY per share, with a trading volume of 312 million CNY and a turnover rate of 1.31%, resulting in a total market capitalization of 25.565 billion CNY [1]. - Year-to-date, the stock price has increased by 80.45%, with a 22.94% rise in the last five trading days, 36.94% in the last 20 days, and 60.10% in the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Tianwei Technology reported a revenue of 654 million CNY, reflecting a year-on-year growth of 1.08%, and a net profit attributable to shareholders of 117 million CNY, also up by 1.07% [2]. - Since its A-share listing, the company has distributed a total of 244 million CNY in dividends, with 179 million CNY distributed over the past three years [2]. Group 3: Shareholder and Market Dynamics - As of June 30, 2025, the number of shareholders increased to 23,800, up by 1.28%, while the average number of circulating shares per person decreased by 1.26% to 14,455 shares [2]. - The top ten circulating shareholders include a new entrant, Jiashi New Energy Materials Stock A, holding 3.1641 million shares, while Hong Kong Central Clearing Limited has exited the top ten list [2]. Group 4: Company Overview - Tianwei Technology, established on January 6, 2011, and listed on September 25, 2019, specializes in the research, production, and sales of nano-scale carbon materials and related products [1]. - The company's main revenue sources are carbon nanotube conductive pastes (98.04%), carbon nanotube powders (1.90%), and other products (0.06%) [1].