广东芳源新材料集团股份有限公司 2024 年度"提质增效重回报"行动方案年度评估报告暨 2025 年度"提质增效重回报"行动方案 为积极响应上海证券交易所《关于开展科创板上市公司"提质增效重回报" 专项行动的倡议》，践行"以投资者为本"的上市公司发展理念，广东芳源新材 料集团股份有限公司（以下简称"公司"）于 2024 年 7 月 19 日披露了 2024 年 度"提质增效重回报"行动方案。自行动方案披露以来公司积极开展并落实各项 相关工作，在推动公司持续优化经营、提升科技创新能力、规范公司治理等方面 取得了一定成效。 2025 年，公司董事会根据自身经营情况制定了 2025 年度"提质增效重回报" 行动方案，以进一步提升公司运营效率、盈利能力及市场竞争力，保障投资者的 合法权益。现将公司 2024 年度"提质增效重回报"行动方案的实施情况以及 2025 年度"提质增效重回报"行动方案的主要举措报告如下： 一、聚焦公司主业、提升产能利用率 报告期内，公司实现营业收入216,142.38万元，较上年同期增长2.81%，在众 多不利因素的影响下，公司收入仍能保持有所增长，主要得益于公司积极推进多 元化转型。依托自 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-015 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 关于投资项目的进展公告 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、准确性和完整性依法承担法律责任。 2023年7月，项目实施主体芳源锂业已通过公开竞拍的方式竞得项目建设用 地并取得了不动产权证书。具体内容详见公司于2023年7月4日在上海证券交易所 网站（www.sse.com.cn）披露的《关于投资项目的进展公告》（公告编号：2023- 053）。 二、投资项目终止的具体情况 （一）投资项目终止的原因 自该投资项目启动以来，市场环境和公司经营发展战略均发生了显著变化。 当前，公司产品战略的重点集中于三元正极材料及电池级碳酸锂领域，提升现有 产能的产能利用率、实现资源的最大化利用、改善经营及盈利状况成为公司现阶 段的首要任务。近两年来，公司持续优化产线布局，通过技术改造将部分前驱体 产能转化为碳酸锂产能。截至2024年末，公司已具备年 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-017 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 关于召开 2024 年年度股东大会的通知 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 2024 年年度股东大会 召开日期时间：2025 年 5 月 13 日 14 点 00 分 召开地点：广东省江门市新会区古井镇万兴路 75 号公司会议室 （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 5 月 13 日 至 2025 年 5 月 13 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 股东大会召开日期：2025年5月13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票 系统 （二） 股东大会召集人：董事会 （三） ...

广东芳源新材料集团股份有限公司监事会 2025 年 4 月 17 日 广东芳源新材料集团股份有限公司（以下简称"公司"）全体监事在认真审 阅第三届监事会第二十四次会议相关会议资料的基础之上，经充分、全面的讨论 与分析，依据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股 权激励管理办法》《上海证券交易所科创板股票上市规则》《科创板上市公司自律 监管指南第 4 号—股权激励信息披露》《广东芳源新材料集团股份有限公司章程》 等有关规定，对 2024 年限制性股票激励计划（以下简称"本激励计划"）授予的 部分限制性股票作废失效事项进行核查，发表核查意见如下： 鉴于 2024 年限制性股票激励计划首次授予的 7 名激励对象离职，已不符合 激励资格，其已获授但尚未归属的限制性股票共计 11.40 万股由公司作废。此外， 2024 年限制性股票激励计划首次授予第一个归属期未满足公司层面业绩考核， 同意作废失效首次授予的部分限制性股票共计 468.10 万股。综上，公司本次作 废已授予但尚未归属的限制性股票合计 479.50 万股。本次限制性股票作废失效 事项符合《上市公司股权激励管理办法》《上海证券交易所科创 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-012 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 第三届监事会第二十四次会议决议公告 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 广东芳源新材料集团股份有限公司（以下简称"公司"）第三届监事会第二 十四次会议于 2025 年 4 月 17 日以现场结合通讯方式召开。本次会议通知已于 2025 年 4 月 7 日以书面或通讯方式发出。本次会议应出席监事 3 名，实际出席 监事 3 名。本次会议由公司监事会主席朱勤英女士召集并主持。本次会议的召 集、召开程序符合《中华人民共和国公司法》（以下简称《公司法》）及《公司 章程》的规定。 二、监事会会议审议情况 本次会议经充分审议，形成以下决议： （一）审议通过《关于公司〈2024 年年度报告〉及其摘要的议案》 经审核，监事会认为公司 2024 年年度报告的编制和审议程序符合法律法规、 《 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-011 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 第三届董事会第三十八次会议决议公告 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、董事会会议召开情况 广东芳源新材料集团股份有限公司（以下简称"公司"）第三届董事会第三 十八次会议于 2025 年 4 月 17 日以现场结合通讯方式召开。本次会议通知已于 2025 年 4 月 7 日以书面或通讯方式发出。本次会议应出席董事 9 名，实际出席 董事 9 名。本次会议由公司董事长罗爱平先生召集并主持。本次会议的召集、召 开方式符合《中华人民共和国公司法》（以下简称《公司法》）及《公司章程》 的规定。 二、董事会会议审议情况 本次会议经充分审议，形成以下决议： （一）审议通过《关于公司〈2024 年年度报告〉及其摘要的议案》 经审核，董事会认为公司 2024 年年度报告的编制和审核程序符合相关法律 法规及《 ...

Financial Performance - The company reported a negative net profit for the fiscal year 2024, leading to a decision not to distribute cash dividends or issue bonus shares[6]. - The company's operating revenue for 2024 was CNY 2,161,423,766.10, representing a year-on-year increase of 2.81% compared to CNY 2,102,432,613.49 in 2023[22]. - The net profit attributable to shareholders for 2024 was CNY -426,774,735.02, showing an improvement from CNY -455,384,029.95 in 2023[22]. - The cash flow from operating activities for 2024 was CNY 73,914,202.48, a significant recovery from CNY -326,172,416.00 in 2023[22]. - The company's net assets attributable to shareholders decreased by 46.36% to CNY 561,036,093.05 at the end of 2024 from CNY 1,045,863,556.37 at the end of 2023[22]. - The asset-liability ratio stood at 81.66%, indicating a high level of financial risk, with significant reliance on bank loans and convertible bonds for funding[86]. - The company reported a net loss attributable to shareholders of 42,677.47 million RMB, although the loss narrowed compared to the previous year, mainly due to production line upgrades and increased unit costs[91]. - The company’s cash dividend amount is 0, reflecting the decision not to distribute dividends due to negative profits[182]. Capital Management - The company plans to repurchase shares through centralized bidding as part of its capital management strategy[6]. - The total amount for share repurchase counted as cash dividends is 59,999,948.47 RMB, which is not classified as a cash dividend due to the negative net profit[182]. - A total of 9,955,500 shares are allocated under the 2024 restricted stock incentive plan, representing 1.95% of the total shares[185]. - The company confirmed a share-based payment expense of 1,942,512.82 RMB for the 2024 restricted stock incentive plan, which did not meet the performance targets[188]. Operational Risks and Strategies - The company has outlined various operational risks and corresponding mitigation measures in its annual report[4]. - The company is undergoing a diversification transformation and technical upgrades to address adverse market conditions, which has resulted in lower capacity utilization and increased unit costs[24]. - The company has identified risks related to industry policy changes and intensified market competition, particularly in the electric vehicle sector[87]. - The company plans to continue its diversification strategy to mitigate risks associated with market fluctuations and enhance its competitive position[94]. Production and Capacity - The company is focused on expanding its production capacity, with a project to produce 50,000 tons of high-end ternary lithium battery precursors and 10,000 tons of lithium hydroxide annually[13]. - The company has a total production capacity of 34,000 tons for precursors, 24,000 tons for battery-grade lithium carbonate, and 45,600 tons for nickel-cobalt salts as of the end of the reporting period[83]. - The company has adjusted its precursor production capacity to 34,000 tons per year to adapt to market demand and improve capacity utilization[139]. Research and Development - Research and development expenses accounted for 3.37% of operating revenue in 2024, down from 4.72% in 2023, a decrease of 1.35 percentage points[23]. - The company achieved a total R&D investment of ¥72,786,382.26, a decrease of 26.68% compared to the previous year’s ¥99,274,907.86[66]. - The company applied for 9 new patents and received 5 patent grants during the reporting period, bringing the total number of granted invention patents to 24[62][63]. - The company is investing in technological innovations to improve product performance and reduce production costs in the precursor materials sector[132]. Market Trends and Demand - The company faced challenges due to a decline in demand for downstream ternary materials, leading to decreased sales volume and revenue from precursor products[24]. - The company is actively expanding into electronic chemicals and other new product areas to enhance its core competitiveness[33]. - The company is focusing on high-nickel ternary precursor products, with several new products already delivered to customers[37]. - The company is exploring advanced environmental processes to minimize emissions and promote sustainable development in its production operations[133]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company actively fulfills its information disclosure obligations, ensuring transparency and effective communication with investors[151]. - The company maintains independence from its controlling shareholder, with no financial support or guarantees provided to related parties[149]. Employee and Management - The total compensation for senior management during the reporting period amounted to 5,390,000, which includes basic salary, allowances, performance pay, and service bonuses[195]. - The company has implemented a talent cultivation program for outstanding talents, providing subsidies to enhance stability and development[176]. - The number of R&D personnel decreased to 122, accounting for 12.80% of the total workforce, down from 14.51% in the previous period[73]. Future Outlook - The company aims to enhance its lithium carbonate production capacity to 24,000 tons per year and nickel sulfate capacity to 45,600 tons per year by the end of 2024[139]. - Future guidance indicates an expected revenue growth of 5% for the next quarter, driven by new product launches and market expansion strategies[157]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the industry[157].

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-013 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 2024 年度利润分配方案的公告 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： 鉴于广东芳源新材料集团股份有限公司（以下简称"公司"）2024 年度归 属于上市公司股东的净利润、母公司期末可供分配利润均为负，同时结合公司的 经营情况和未来资金需求，在符合公司利润分配政策的前提下，经审慎讨论，除 2024 年通过集中竞价交易方式回购公司股份外，公司拟定 2024 年度不派发现金 红利，不送红股，不以资本公积金转增股本。 公司不触及《上海证券交易所科创板股票上市规则》（以下简称《科创板 股票上市规则》）第 12.9.1 条第一款第（八）项规定的可能被实施其他风险警示 的情形。 一、利润分配方案内容 （一）利润分配方案的具体内容 1、经天健会计师事务所（特殊普通合伙）审计，公司2024年度归属于 ...

Financial Performance - The basic earnings per share for 2024 is -0.8500 yuan, showing an improvement of 4.49% compared to -0.8900 yuan in 2023 [1] - The net asset per share decreased by 54.91% to 0.78 yuan from 1.73 yuan in the previous year [1] - The net profit for 2024 is reported at -4.27 billion yuan, a slight improvement of 6.15% from -4.55 billion yuan in 2023 [1] - The return on equity (ROE) is -53.93%, a significant decline from -35.28% in the previous year [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 23,620.71 million shares, accounting for 46.3% of the circulating shares, with a decrease of 1,730.53 million shares compared to the previous period [1] - The largest shareholder, Luo Aiping, holds 7,668.87 million shares, representing 15.03% of the total share capital, with no change [2] - The second-largest shareholder, Better Ray New Materials Group Co., Ltd., holds 2,551.44 million shares, also unchanged [2] Dividend Distribution - The company has announced no distribution or transfer of shares [3]

Core Viewpoint - Fangyuan Co., Ltd. has decided to terminate its investment of up to 3 billion yuan in the "battery-grade lithium carbonate production and comprehensive utilization of waste lithium iron phosphate batteries project" due to changes in market conditions and the company's operational strategy [1] Summary by Relevant Sections Project Details - The project was originally planned to be constructed in two phases: Phase 1 included an annual production of 30,000 tons of battery-grade lithium carbonate and 46,000 tons of lithium iron phosphate precursor, while Phase 2 included an annual production of 40,000 tons of lithium iron phosphate cathode materials [1] - The company has already invested 97 million yuan in the project and has processed the land for withdrawal [1] Strategic Decision - The decision to terminate the project aims to optimize resource allocation, reduce operational risks, and improve the company's operational efficiency [1] - The termination of the project is not expected to adversely affect the company's business development [1]