关于"天奈转债"预计满足转股价格修正条件的提示 | 证券代码：688116 | 证券简称：天奈科技 | 公告编号：2026-005 | | --- | --- | --- | | 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 性公告 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。 一、可转债发行上市情况 经中国证券监督管理委员会《关于同意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注册的批复》（证监许可〔2021〕3679 号）同意注册， 江苏天奈科技股份有限公司（以下简称"公司"）于 2022 年 1 月 27 日向不特定 对象共计发行 830.00 万张可转债，每张面值为人民币 100 元，按面值发行，共 计募集资金 83,000 万元，可转换公司债券期限为自发行之日起六年，即 2022 年 1 月 27 日至 2028 年 1 月 26 日。 经上海证券交易所自律监管决定书〔2022〕48 号文同意，公司 83,000 万元 可转债于 2022 年 3 月 1 日起在上 ...

Investment Rating - The industry investment rating is "Overweight," indicating that the industry index is expected to outperform the market index by more than 10% over the next six months [5]. Core Insights - In December 2025, the production and sales of new energy vehicles (NEVs) and batteries showed year-on-year growth but a month-on-month decline, primarily due to consumer hesitation during a subsidy policy gap [4]. - The penetration rate of NEVs reached 52.3% in December, a decrease of 0.9 percentage points month-on-month, while the annual penetration rate for 2025 was 47.9%, an increase of 7 percentage points year-on-year [4]. - The battery production and sales in December 2025 saw significant growth, with production at 201.7 GWh (up 14.4% month-on-month, 62.1% year-on-year) and sales at 199.3 GWh (up 11.1% month-on-month, 57.5% year-on-year) [4]. - The demand for power batteries is expected to weaken in the short term due to the traditional off-season for the NEV market and adjustments in the vehicle purchase tax [4]. - The solid-state battery industry is progressing towards commercialization, which will create incremental demand for materials and equipment in the industry chain [4]. Summary by Sections New Energy Vehicle Market - December 2025 saw NEV production and sales of 171.8 million and 171 million units, respectively, with year-on-year growth of 12.3% and 7.2%, but month-on-month declines of 8.6% and 6.2% [4]. - For the entire year of 2025, NEV production and sales reached 16.626 million and 16.49 million units, with year-on-year growth of 29% and 28.2% [4]. Battery Production and Sales - In December 2025, the production of power and energy storage batteries was 201.7 GWh, with a year-on-year increase of 62.1% [4]. - The sales of power batteries accounted for 72.1% of total sales, with a month-on-month increase of 7.3% and a year-on-year increase of 49.2% [4]. Export and Market Dynamics - Battery exports in December 2025 reached 32.6 GWh, with a year-on-year increase of 49.2% [4]. - The report anticipates stable demand in the energy storage market and potential short-term support for demand due to adjustments in export tax policies [4]. Investment Recommendations - The report suggests focusing on the recovery pace of the industry chain and prioritizing sectors benefiting from solid-state battery advancements, including core materials and equipment [4]. - Key stocks to watch include CATL, EVE Energy, and others listed in the report [4].

Summary of Key Points Core Viewpoint - Tianai Technology conducted a block trade on January 16, with a total of 423,300 shares traded, amounting to 19.55 million yuan, which represented 3.02% of the total trading volume for the day. The transaction price was 46.19 yuan, reflecting an 8.01% discount compared to the market closing price of 50.21 yuan [1]. Group 1: Trading Details - The block trade involved multiple transactions with a consistent price of 46.19 yuan per share [2]. - The total transaction amount for the block trade was 19.55 million yuan, with a trading volume of 423,300 shares [1][2]. - The block trade accounted for 3.02% of the total trading volume on that day, indicating a significant but not dominant presence in the market [1].

Core Viewpoint - Tianwei Technology's stock has shown a positive trend with a 7.08% increase year-to-date and a recent 2.00% rise in intraday trading, reflecting investor interest and market activity [1]. Group 1: Stock Performance - As of January 16, Tianwei Technology's stock price reached 50.49 yuan per share, with a trading volume of 4.52 billion yuan and a turnover rate of 2.48%, resulting in a total market capitalization of 18.506 billion yuan [1]. - The stock has increased by 3.06% over the last five trading days and 9.83% over the last twenty days, while it has decreased by 5.64% over the last sixty days [1]. Group 2: Financial Performance - For the period from January to September 2025, Tianwei Technology reported a revenue of 1 billion yuan, a year-on-year decrease of 3.79%, while the net profit attributable to shareholders was 196 million yuan, reflecting a year-on-year increase of 7.39% [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]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Tianwei Technology increased by 3.63% to 24,700, while the average circulating shares per person decreased by 3.50% to 13,949 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the eighth largest with 3.9127 million shares, marking its entry as a new shareholder [3].

证券时报·数据宝统计显示，天奈科技今日收盘价为49.50元，上涨1.02%，日换手率为2.79%，成交额为 5.10亿元，全天主力资金净流出207.86万元，近5日该股累计上涨1.48%，近5日资金合计净流出1279.88 万元。 两融数据显示，该股最新融资余额为11.27亿元，近5日减少328.07万元，降幅为0.29%。（数据宝） 1月15日天奈科技大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 27.85 | 1276.09 | 45.82 | -7.43 | 机构专用 | 中信建投证券股份有限公 | | | | | | | 司镇江北府路证券营业部 | | 19.87 | 910.32 | 45.82 | -7.43 | 机构专用 | 中信建投证券股份有限公 | | | | | | | 司镇江北府路证券营业部 | | 13.10 | 600.24 | 45.82 | ...

Core Viewpoint - Tianai Technology is actively engaging in collaborative development with multiple clients and has established partnerships with renowned universities to advance the application and research of carbon nanotubes in various fields [1] Group 1: Collaboration and Partnerships - The company is involved in different levels of cooperative development or project collaboration with several clients [1] - Tianai Technology has formed partnerships with numerous well-known universities to explore cutting-edge applications and research of carbon nanotubes [1] Group 2: Research and Development Focus - The collaboration focuses on promoting forward-looking research topics and talent cultivation [1] - The company aims to facilitate the transformation of scientific achievements into practical productivity [1] - Tianai Technology is committed to building an efficient and sustainable ecosystem for industry-university-research collaboration [1]

1月15日，天奈科技大宗交易成交111.72万股，成交额5119万元，占当日总成交额的9.13%，成交价45.82 元，较市场收盘价49.5元折价7.43%。 | 交易日期 | 证券简称 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 类出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-01-15 | 天奈科技 | 688116 | 45,82 | 1276.09 | 27.85 | 机构专用 | | Ka | | 2026-01-15 | 天奈科技 | 688116 | 45.82 | 910.32 | 19.87 | 机构专用 | | 1601 | | 2026-01-15 | 天奈科技 | 688116 | 45.82 | 600.24 | 13.1 | 机构专用 | | 질 | | 2026-01-15 | 天奈科技 | 688116 | 45,82 | 458.2 | 10 | | | KA | | 2026-01-15 | 天奈科技 | 688116 ...

两融数据显示，该股最新融资余额为11.09亿元，近5日增加467.50万元，增幅为0.42%。（数据宝） 1月14日天奈科技大宗交易一览 （原标题：天奈科技发生4笔大宗交易 合计成交3177.17万元） 天奈科技1月14日大宗交易平台共发生4笔成交，合计成交量68.33万股，成交金额3177.17万元。成交价 格均为46.50元，相对今日收盘价折价5.10%。从参与大宗交易营业部来看，机构专用席位共出现在1笔 成交的买方或卖方营业部中，合计成交金额为651.00万元，净买入651.00万元。 进一步统计，近3个月内该股累计发生10笔大宗交易，合计成交金额为4586.02万元。 证券时报•数据宝统计显示，天奈科技今日收盘价为49.00元，上涨0.10%，日换手率为4.13%，成交额为 7.50亿元，全天主力资金净流入1153.68万元，近5日该股累计上涨0.14%，近5日资金合计净流出892.58 万元。 | 成交 量 | 成交金 额 | 成交价 | 相对当 日 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万 | 格 | 收盘折 溢价 | 买方营业部 ...

（文章来源：证券日报） 证券日报网讯 1月14日，天奈科技在互动平台回答投资者提问时表示，近年来，碳纳米管行业竞争激烈 主要体现在多壁碳纳米管的老代际产品。公司通过加大研发投入，不断开发新代际产品，丰富产品结构 等措施，保持公司稳定的盈利能力。单壁碳纳米管研发与生产技术壁垒高，客户导入难度大、验证周期 长，天奈产品优异的性能与性价比及对电芯厂的稳定供货，将逐步提升公司市场份额。未来公司将始终 坚持研发投入，用领先的技术水平与极具竞争力的产品来应对市场竞争，构建公司的壁垒与护城河。 ...

Group 1 - The core viewpoint of the article is that Tian Nai Technology maintains stable profitability for its multi-walled products, with a gross margin that is leading in the industry, and the multi-walled carbon nanotube market is expected to continue steady growth in the long term [1] Group 2 - The company has indicated that its multi-walled products have a relatively stable profitability [1] - The comprehensive gross margin of the company is at an industry-leading level [1] - The long-term outlook for the multi-walled carbon nanotube market is positive, with expectations for steady development [1]