Core Viewpoint - Fangyuan Co., Ltd. is increasing its procurement of lithium carbonate raw materials, primarily from recycled materials and lithium sulfate solutions, to gradually enhance production capacity [1] Group 1: Company Operations - The company has stated that its main customers for lithium carbonate products are metal traders and downstream lithium battery manufacturers [1] - Currently, the company has not engaged in futures hedging business [1] Group 2: Market Awareness - The company will closely monitor market dynamics and industry developments to manage its operations effectively [1]

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-074 | | --- | --- | --- | | 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 股东减持股份结果公告 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 本次减持前，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 24,740,000 股（占公司总股本 510,173,053 股的 4.85%），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。 减持计划的实施结果情况 2025 年 9 月 24 日，公司披露了《股东减持股份计划公告》（公告编号： 2025-052），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 ...

| 证券代码：688148 | 证券简称：芳源股份 公告编号：2025-073 | | --- | --- | | 转债代码：118020 | 债券简称：芳源转债 | 源转债"，债券代码"118020"。 根据相关法律法规规定及《广东芳源新材料集团股份有限公司向不特定对象 发行可转换公司债券证券募集说明书》（以下简称《募集说明书》）的约定，"芳 源转债"转股期间为 2023 年 3 月 29 日至 2028 年 9 月 22 日，初始转股价格为 18.62 元/股。 广东芳源新材料集团股份有限公司 关于"芳源转债"预计触发转股价格向下修正条件的 提示性公告 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。 特别提示： 2025 年 12 月 12 日至 2025 年 12 月 25 日，公司股票在连续 30 个交易日 中已有 10 个交易日的收盘价低于当期转股价格的 85%（即 15.84 元/股），预计 触发转股价格向下修正条件。若触发条件，公司将于触发条件当日召开董事会审 议决定是否修正转股价格，并及时履行信息披露义务。 ...

Core Viewpoint - The company is actively expanding into new business areas such as robot precursors and high-purity electronic chemicals, while managing the balance between traditional business expansion and new investments in response to structural changes in the industry. Group 1: Business Performance - Orders and shipment volumes for NC binary precursor products used in robotics and energy storage have been rapidly increasing this year, becoming a significant driver of the company's performance growth [1] - The cobalt sulfate product has seen substantial revenue growth and improved gross margins due to quality enhancements and rising metal cobalt prices, entering the high-end digital sector [1] - The scale of high-purity electronic chemicals remains relatively small at present [1] Group 2: Strategic Development - The company's new business ventures are based on existing products such as positive electrode precursors, sulfates, and lithium salts, focusing on technological innovation and quality improvement to extend product applications and expand the customer base [1] - The company maintains sufficient overall production capacity and will closely monitor industry developments to promote stable growth across all business areas based on customer demand and market conditions [1]

证券日报网讯 12月22日，芳源股份在互动平台回答投资者提问时表示，公司目前资信状况良好，与多 家商业银行保持着良好的合作关系，未发生抽贷、断贷导致的资金链风险情形。公司将积极通过提升产 品质量、完善供应链管理及深化客户合作等方式，不断增强公司各类产品在市场中的综合竞争力，拓展 多元布局，提升自身盈利能力。公司与银行等金融机构保持紧密沟通，同时也将积极拓展多元化金融合 作场景，增加融资渠道，为公司业务拓展提供持续、稳定的资金支持。对于可转债，公司会持续加强与 投资者的沟通交流，并综合判断正股的股票价格、对正股股东的影响、公司经营情况、市场及行业情况 等多方面因素，适时下修转股价格以促进转股。 ...

证券日报网讯12月22日，芳源股份在互动平台回答投资者提问时表示，公司具体业绩情况请关注公司披 露的定期报告。 ...

证券日报网讯12月22日，芳源股份在互动平台回答投资者提问时表示，公司今年前三季度碳酸锂出货量 不及预期主要是受到原材料采购数量及价格的影响。公司今年主要使用回收料进行碳酸锂的生产，但回 收料种类繁多，黑粉的金属含量、杂质各有差异，除杂提纯工艺具有一定的复杂性，客观上需要一定周 期。公司已逐步加大对回收材料的采购与使用力度，持续提升回收料的处理能力，加之目前已恢复硫酸 锂溶液的采购，通过多渠道补充原料供应，以逐步提升碳酸锂的产销量。 ...

Core Viewpoint - The company has experienced significant growth in orders and shipments of its NC binary precursor products used in robotics and energy storage, which has become a key driver of its performance this year [1] Group 1: Product Performance - The cobalt sulfate products have seen substantial revenue growth and improved gross margins due to enhanced quality and rising metal cobalt prices, allowing entry into high-end digital markets [1] - The high-purity electronic chemicals segment remains relatively small in scale [1] Group 2: Business Strategy - The company is expanding into new markets by leveraging technological innovation and quality improvements based on its existing product lines, including precursor materials, sulfates, and lithium salts [1] - The company maintains sufficient overall production capacity and will closely monitor industry developments to ensure stable business growth according to customer needs and market conditions [1]

Group 1 - The company achieved a comprehensive gross margin of 12.07% in Q3 2025, indicating a significant improvement in profitability [1] - The company plans to enhance the gross margin of its core products through various measures, including improving product quality, ensuring raw material supply, expanding product sales, and increasing capacity utilization [1] - The company has a large inventory amount, which is primarily related to the nature of the industry [1] Group 2 - To alleviate liquidity pressure, the company will enhance its profitability through the aforementioned measures and maintain close communication with banks and financial institutions [1] - The company aims to actively explore diversified financial cooperation scenarios to increase financing channels, providing continuous and stable funding support for business expansion [1] - The company will strengthen communication with investors regarding convertible bonds and will consider various factors to adjust the conversion price appropriately to promote conversion and reduce the asset-liability ratio [1]

证券代码：688148 证券简称：芳源股份 公告编号：2025-072 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、准确性和完整性承担法律责任。 重要内容提示： ● 累计担保情况 ■ 注：上表"对外担保总额"是指公司及控股子公司实际发生的对外担保余额（含本次担保）。 一、担保情况概述 （一）担保的基本情况 为满足广东芳源新材料集团股份有限公司（以下简称"公司"）全资子公司江门市芳源循环科技有限公司 （以下简称"芳源循环"）生产经营需要，近日公司与中国银行股份有限公司江门分行（以下简称"中国 银行"）签订了《最高额保证合同》，由公司为芳源循环与中国银行在2023年10月8日至2026年12月31日 期间（包括在本合同生效前债务人与债权人之间已经发生的债权）签署的借款、贸易融资、保函、资金 业务及其它授信业务合同项下实际发生的债务提供最高不超过人民币10,000万元的连带责任保证担保。 （二）内部决策程序 公司于2025年11月21日召开第四届董 ...