Group 1 - The company reported a revenue of 2.161 billion yuan for 2024, representing a year-on-year increase of 2.81% [1] - The net loss attributable to shareholders for the year 2024 was 427 million yuan, an improvement from a net loss of 455 million yuan in the same period last year [1] - The company will not distribute cash dividends, issue bonus shares, or increase share capital from capital reserves for the 2024 fiscal year [1]

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-010 | | --- | --- | --- | | 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 可转债转股结果暨股份变动公告 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： 累计转股情况：广东芳源新材料集团股份有限公司（以下简称"公司"） 向不特定对象发行可转换公司债券"芳源转债"自2023年3月29日起开始转股， 截至2025年3月31日，"芳源转债"共有人民币19.00万元已转换为公司股票，转 股数量为10,195股，占"芳源转债"转股前公司已发行股份总额的0.00199%。 未转股可转债情况：截至2025年3月31日，"芳源转债"尚未转股的可转 债金额为人民币64,181.00万元，占"芳源转债"发行总量的99.97040%。 本季度转股情况：2025年1月1日至2025年3月31日期间，"芳源转债"共 有人民币1,000元已转换为公司股票，转股数量为53股，转股来源为公司回购专 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-009 | | --- | --- | --- | | 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 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告披露日，股东五矿元鼎股权投资基金（宁波）合伙企业（有限合 伙）（以下简称"五矿元鼎"）持有广东芳源新材料集团股份有限公司（以下简 称"公司"）股份 25,145,570 股（占公司总股本 510,173,053 股的 4.93%），上述 股份为公司首次公开发行前股份，已于 2022 年 8 月 8 日解除限售并上市流通。 减持计划的主要内容 公司于近日收到股东五矿元鼎的通知，因业务发展需要，公司股东五矿元鼎 计划根据市场价格，通过集中竞价或大宗交易方式减持其所持有的公司股份合计 不超过 15,305,191 股（不超过公司总股本的 3%），其中以集中竞价交易方式减持 的，减持数量不 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-008 | | --- | --- | --- | | 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 关于为全资子公司提供担保的进展公告 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。 重要内容提示： 被担保人名称：江门市芳源循环科技有限公司（以下简称"芳源循环"）， 系广东芳源新材料集团股份有限公司（以下简称"公司"）全资子公司。 本次担保金额及已实际为其提供的担保余额：公司本次为芳源循环提供 的担保金额为人民币 50,000 万元。截至本公告披露日，公司已实际为芳源循环 提供的担保余额为人民币 124,000 万元（含本次担保）。 本次担保是否有反担保：无 对外担保逾期的累计数量：公司无逾期对外担保情况。 本次担保已经公司第三届董事会第三十七次会议、2024 年第三次临时股 东大会审议通过。 一、担保情况概述 （一）本次担保的基本情况 为满足公司全资子公司芳源循环生产经营需要，近日公司与中信银行股份有 ...

Financial Performance - The company achieved total operating revenue of RMB 216,152.68 million, a year-on-year increase of 2.81%[6] - The net profit attributable to the parent company was a loss of RMB 42,569.24 million, a reduction in loss compared to the previous year's loss of RMB 45,538.40 million[6] - The basic earnings per share were -0.83 yuan, compared to -0.89 yuan in the previous year[4] - The company's weighted average return on net assets was -53.75%, a decrease of 18.47 percentage points from the previous year[4] Assets and Equity - Total assets at the end of the reporting period were RMB 310,153.97 million, an increase of 0.49% from the beginning of the period[6] - The equity attributable to the parent company decreased by 46.25% to RMB 56,211.84 million compared to the beginning of the period[6] Market Conditions - The company faced declining demand for ternary precursor products due to weak overseas sales of new energy vehicles and increased penetration of lithium iron phosphate technology[6] - The prices of nickel, cobalt, and lithium experienced significant fluctuations, leading to inventory write-downs and sales losses due to mismatched raw material procurement costs and product sales prices[7] Operational Challenges - The company implemented technical upgrades to production lines to enhance capacity for sulfate and battery-grade lithium carbonate, resulting in lower capacity utilization and increased unit costs[6] Investor Advisory - Investors are advised to be cautious as the disclosed data is preliminary and subject to final audit in the annual report[8]

一、回购审批情况和回购方案内容 广东芳源新材料集团股份有限公司（以下简称"公司"）于 2024 年 2 月 23 日 召开了第三届董事会第二十六次会议，审议通过了《关于以集中竞价交易方式回 购公司股份暨公司"提质增效重回报"行动方案的议案》，同意公司通过集中竞价 交易方式回购公司已发行的部分人民币普通股（A 股）股票，回购价格为不超过 人民币 8.26 元/股（含），回购资金总额为不低于人民币 5,000 万元（含）且不超过 人民币 10,000 万元（含），其中拟用于员工持股计划或股权激励的回购金额不低于 人民币 3,350 万元（含）且不超过人民币 6,700 万元（含）；拟用于维护公司价值 及股东权益所必需（出售）的回购金额不低于人民币 1,650 万元（含）且不超过人 民币 3,300 万元（含）。本次回购拟用于员工持股计划或股权激励的期限为自董事 会审议通过本次回购方案之日起 12 个月内，拟用于维护公司价值及股东权益所必 需（出售）的回购期限为自董事会审议通过本次回购方案之日起 3 个月内。 | 证券代码：688148 | 证券简称：芳源股份 公告编号：2025-006 | | --- | --- ...

广东芳源新材料集团股份有限公司 股东集中竞价减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告披露日，股东广东中科白云新兴产业创业投资基金有限公司（以 下简称"中科白云"）持有广东芳源新材料集团股份有限公司（以下简称"公 司"）股份 25,140,000 股（占公司总股本 510,173,053 股的 4.93%），上述股份为 公司首次公开发行前股份，已于 2022 年 8 月 8 日解除限售并上市流通。 集中竞价减持计划的主要内容 公司于近日收到股东中科白云的通知，因基金资金安排需要，公司股东中科 白云计划根据市场价格，通过集中竞价交易方式减持其持有的公司股份合计不超 过 5,100,000 股（不超过公司总股本的 1%），减持期间为自公司披露股份减持计 划公告之日起 3 个交易日后的 3 个月内。 在减持总比例不超过公司总股本 1%的前提下，若减持期间公司发生派发红 利、送红股、转增股本、增发新股、配股等导致股份变动事项，减持股份数量将 进行相应 ...

Financial Performance and Projections - The company expects a net profit loss for 2024 between -430 million and -290 million CNY, compared to a loss of -455 million CNY in the previous year[2]. - The main reasons for the expected loss include a decline in demand for ternary materials, resulting in decreased sales volume and revenue, as well as a drop in gross margin[3]. - The financial condition is assessed as weak, with a preliminary financial status score of 2 out of 9, indicating significant challenges ahead[9]. Market Competition and Demand - The company faces increased competition in the ternary lithium precursor market, with demand remaining weak and pressure from competitors expected to continue in the short term[3]. - The company is entering the battery-grade lithium carbonate market, but faces risks related to market demand and customer expansion due to low capacity utilization rates in the industry[3]. Asset Management and Liquidity - The company's inventory and fixed assets accounted for 24.63% and 34.78% of total assets respectively as of September 2024, indicating a high level of asset concentration[4]. - The cash to short-term debt ratio fell to 0.14 as of September 2024, highlighting increased liquidity pressure due to rising debt levels[4]. Debt and Credit Rating - The conversion price of the Fangyuan convertible bond is significantly higher than the stock price, with the A-share closing at 4.97 CNY and the conversion price at 18.63 CNY as of February 7, 2025, raising concerns about debt repayment pressure[4]. - The company maintains a credit rating of A- with a stable outlook, reflecting ongoing concerns about operational performance and debt repayment capabilities[4]. Overall Business Assessment - The overall business situation is rated at 4 out of 7, suggesting some resilience despite the financial difficulties[9].

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-004 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 币8.26元/股（含），回购资金总额为不低于人民币5,000万元（含）且不超过人民 币10,000万元（含）。本次回购拟用于员工持股计划或股权激励的期限为自董事会 审议通过本次回购方案之日起12个月内，拟用于维护公司价值及股东权益所必需 （出售）的回购期限为自董事会审议通过本次回购方案之日起3个月内。 具体内容详见公司分别于2024年2月24日、2024年2月28日在上海证券交易所 网站（www.sse.com.cn）披露的《关于以集中竞价交易方式回购公司股份方案暨公 司"提质增效重回报"行动方案的公告》（公告编号：2024-007）、《关于以集中 竞价交易方式回购公司股份的回购报告书》（公告编号：2024-011）。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7 号——回购股份》等相关规定，公司实施回购期间，应当在每个月的前3个交易日 内公告截至上月末的回购进展情况。现将公司 ...

Financial Performance Forecast - The company expects a net loss attributable to shareholders of the parent company for 2024 to be between -430 million and -290 million RMB, compared to a net loss of -455.38 million RMB in the same period last year [3]. - The projected net profit attributable to shareholders after deducting non-recurring gains and losses for 2024 is expected to be between -446 million and -306 million RMB, compared to -438.82 million RMB last year [3]. - The total profit for the previous year was -508.10 million RMB, with a net profit attributable to shareholders of -455.38 million RMB [4]. Market and Operational Challenges - The company faced a decline in demand for ternary precursor products due to weak overseas sales of new energy vehicles and increased penetration of lithium iron phosphate technology, leading to a decrease in sales volume and revenue [5]. - The company undertook technical upgrades to production lines to enhance capacity for sulfate and battery-grade lithium carbonate, resulting in lower capacity utilization and increased unit costs [5]. - Fluctuations in the prices of nickel, cobalt, and lithium metals in 2024 led to inventory write-downs and losses from the sale of stagnant inventory, impacting net profit [5]. Audit and Risk Communication - The company has communicated with its accounting firm regarding the performance forecast, and there are no significant discrepancies in the financial data [6]. - The performance forecast is based on preliminary calculations and has not yet been audited by registered accountants [6]. - Investors are advised to pay attention to investment risks as the forecast data is subject to change pending the audited annual report [7].