Core Viewpoint - The company Zhihua New Materials is expected to report a net loss attributable to shareholders of the parent company for the year 2025, with projections ranging from -500 million to -400 million yuan, indicating a reduction in net loss compared to the previous year [1] Group 1: Financial Performance - The anticipated net loss represents a decrease in loss by 27.7063 million to 128 million yuan, reflecting a year-on-year reduction in loss margin of 5.25% to 24.2% [1] - The company's low capacity utilization has led to higher fixed costs per unit, including depreciation and labor, contributing to overall profit pressure [1] Group 2: Market and Product Dynamics - The decline in market demand for existing products and the lack of bulk orders for new products have negatively impacted financial performance [1] - The company is increasing its research and development investments in advanced technology areas, including sodium-ion battery cathode materials and solid-state battery materials, in addition to traditional lithium-ion battery cathode materials [1] - The rise in R&D expenses is a strategic move to maintain technological leadership and expand into new markets [1]

证券代码：688707 证券简称：振华新材 公告编号：2026-002 贵州振华新材料股份有限公司 2025 年年度业绩预告 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、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 本期业绩预告适用类型：净利润为负值。 经贵州振华新材料股份有限公司（以下简称"公司"）财务部门初步测算， 预计 2025 年年度实现归属于母公司所有者的净利润将出现亏损，预计实现归属 于母公司所有者的净利润-50,000 万元到-40,000 万元，与上年同期相比净利润亏 损将减少 2,770.63 万元到 12,770.63 万元，同比减亏幅度 5.25%到 24.20%。 归属于母公司所有者扣除非经常性损益后的净利润-51,400 万元到-41,400 万 元，与上年同期相比扣除非经常性损益后的净利润亏损将减少 2,048.72 万元到 12,048.72 万元，同比减亏幅度 3.83%到 22.54%。 本期业绩预告相 ...

大信会计师事务所作为公司 2025 年度财务报告审计机构和内部控制审计机 构，原委派王文春先生作为公司 2025 年度财务报表审计报告和内部控制审计报 告的项目质量复核人。由于大信会计师事务所内部工作调整，现委派韩士民先生 接替王文春先生作为项目质量复核人。变更后的项目质量复核人为韩士民先生。 二、变更后的项目质量复核人的基本情况 项目质量复核人员：韩士民，拥有注册会计师、资产评估师执业资质。2010 年成为注册会计师，2009 年开始从事上市公司审计业务，2010 年开始在大信执 业，近三年承办过南京熊猫、深科技等上市公司审计工作，2026 年开始从事上 市公司审计质量复核。未在其他单位兼职。 项目质量复核人员韩士民不存在违反《中国注册会计师职业道德守则》对独 证券代码：688707 证券简称：振华新材 公告编号：2026-001 贵州振华新材料股份有限公司 关于年度审计机构变更项目质量复核人员的公告 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、准确性和完整性承担个别及连带责任。 贵州振华新材料股份有限公司（以下简称"公司"）于 2025 年 10 ...

格隆汇1月4日｜有投资者在互动平台向振华新材提问：宁德时代近期表明2026年钠电池会放量，贵公司 与宁德时代在钠电池正极材料方面目前有无合作？ 振华新材回复称，公司在钠电正极材料方面持续跟 宁德时代合作多年，目前已迭代至第四代产品。 ...

Group 1 - The core question raised by investors is whether the mass production of solid-state batteries will drive the demand for high-nickel ternary cathode materials from the company [2] - The company has developed high-nickel/ultra-high-nickel materials and lithium-rich manganese-based materials, which possess high energy density and excellent cycling performance, making them directly compatible with solid-state battery systems [2]

Group 1 - The company has received an order for 1,000 tons of sodium-ion battery cathode materials, which are polyionic materials [2] - The production line for the materials is currently undergoing comprehensive evaluation and verification to ensure product delivery [2]

Core Viewpoint - The company has successfully achieved mass production of layered oxide sodium battery cathode materials, marking a significant technological advancement in the industry [2] Group 1: Company Developments - The company, Zhenhua New Materials (振华新材), has initiated mass production of layered oxide sodium battery cathodes as of December 31, 2023 [2] - A pilot production line for poly-anion sodium battery cathodes has been established, capable of producing hundreds of tons, and is currently undergoing comprehensive evaluation and validation [2]

Core Viewpoint - The company has not established bulk cooperation with EU countries in the past two years, only having a small number of experimental orders exported [2] Group 1 - The company, Zhenhua New Materials (688707.SH), responded to an investor inquiry regarding exports to EU countries [2] - In the last two years, the company has not formed significant partnerships with EU nations [2] - The only exports to the EU have been limited to a few experimental orders [2]

贵州振华新材料股份有限公司 2026年第一次临时股东会会议资料 证券简称：振华新材 证券代码：688707 贵州振华新材料股份有限公司 2026年第一次临时股东会 会 议 资 料 二〇二六年一月 贵州振华新材料股份有限公司 2026年第一次临时股东会会议资料 目 录 贵州振华新材料股份有限公司 | 2026年第一次临时股东会会议须知 3 | | --- | 2026年第一次临时股东会会议议程 .......................... 5 2026年第一次临时股东会会议议案 .......................... 7 议案一：关于2026年度日常关联交易额度预计的议案 .......... 7 议案二：关于2026年度贷款预计总额及担保方案的议案........ 10 贵州振华新材料股份有限公司 2026年第一次临时股东会会议资料 2026年第一次临时股东会会议须知 为维护广大投资者的合法权益，保障股东在本次股东会期间依法行使权利， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东会规 则》《贵州振华新材料股份有限公司章程》以及《贵州振华新材料股份有限公司 股东会议事 ...

Group 1 - The core viewpoint of the news is that Zhenhua New Materials has shown significant trading activity, with a notable increase in financing and a decrease in stockholder numbers, indicating potential shifts in investor sentiment [1][2]. Group 2 - On December 23, Zhenhua New Materials' stock rose by 0.67%, with a trading volume of 89.54 million yuan. The financing buy-in amount for the day was 14.29 million yuan, while the financing repayment was 9.37 million yuan, resulting in a net financing buy of 4.92 million yuan [1]. - As of December 23, the total balance of margin trading for Zhenhua New Materials was 309 million yuan, with the financing balance accounting for 4.51% of the circulating market value, indicating a high level compared to the past year [1]. - In terms of securities lending, on December 23, Zhenhua New Materials repaid 13,200 shares and sold 4,100 shares, with a selling amount of 55,100 yuan. The remaining securities lending balance was 7,201 shares, valued at 96,800 yuan, which is low compared to the past year [1]. Group 3 - As of December 10, the number of shareholders for Zhenhua New Materials was 17,600, an increase of 3.47% from the previous period, while the average circulating shares per person decreased by 3.35% to 28,895 shares [2]. - For the period from January to September 2025, Zhenhua New Materials reported operating revenue of 1.067 billion yuan, a year-on-year decrease of 26.90%, and a net profit attributable to shareholders of -333 million yuan, a slight decrease of 0.48% [2]. - Since its A-share listing, Zhenhua New Materials has distributed a total of 446 million yuan in dividends, with 335 million yuan distributed over the past three years [2]. - As of September 30, 2025, Hong Kong Central Clearing Limited exited the list of the top ten circulating shareholders of Zhenhua New Materials [2].