证券代码：000627 证券简称：天茂集团 公告编号：2025-018 天茂实业集团股份有限公司 关于定期报告披露进展暨股票交易可能被实施退市风险警示的 风险提示公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 特别提示： 1、天茂实业集团股份有限公司（以下简称"公司"）原定于2025年4月29日披露2024 年年度报告和2025年第一季度报告。因公司定期报告涉及的部分信息需要进一步核实、补 充完善，公司未能完成2024年年报的编制工作，公司无法在法定期限内（2025年4月30日） 披露上述定期报告。 2、根据《深圳证券交易所股票上市规则》的相关规定，公司股票（股票简称：天茂集 团，股票代码：000627）已自2025年5月6日开市起停牌。若公司在股票停牌两个月内仍未 披露2024年年度报告，公司股票交易将被实施退市风险警示。若公司在股票交易被实施退 市风险警示之日起的两个月内仍未披露过半数董事保证真实、准确、完整的相关年度报告， 深圳证券交易所将决定终止公司股票上市交易。 公司原定于2025年4月29日披露2024年年度报告和2025年第一季度报告。因公司 ...

天茂集团（000627）公告，公司原定于2025年4月29日披露2024年年度报告和2025年第一季度报告。因 公司定期报告涉及的部分信息需要进一步核实、补充完善，公司未能完成2024年年报的编制工作，公司 无法在法定期限内(2025年4月30日)披露上述定期报告。根据《深圳证券交易所股票上市规则》的相关 规定，公司股票(股票简称：天茂集团，股票代码：000627)已自2025年5月6日开市起停牌。若公司在股 票停牌两个月内仍未披露2024年年度报告，公司股票交易将被实施退市风险警示。 ...

Summary of Key Points Core Insights - The report highlights the recent stock listings and trading suspensions of various companies, indicating a dynamic market environment with significant corporate actions taking place [1][2][3]. Company Listings - Haiyang Technology (603382) is scheduled for online subscription on June 3, 2025 [1]. - Several companies, including ST Zhongjia (000889) and ST Zhongli (002309), have announced trading suspensions due to risk warnings and other corporate announcements [1]. Trading Suspensions - A number of companies are facing trading suspensions due to various reasons, such as inability to disclose periodic reports and potential delisting risks. For instance, ST Gongzhi (000584) and ST Hengli (000622) are among those affected [1][2]. - Companies like Tianmao Group (000627) and Luoping Zinc Electric (002114) are also under suspension due to control change plans [1][2]. Special Trading Actions - Certain ETFs, including Invesco S&P Consumer Select ETF (159529) and Guotai S&P 500 ETF (159612), have been temporarily suspended to protect investor interests [1]. - The report notes that multiple bonds and financial instruments have also been suspended, reflecting broader market conditions and issuer-specific challenges [2][3]. Market Dynamics - The report indicates a trend of increased corporate restructuring and control changes, with several companies planning significant asset reorganizations or facing potential delisting [1][2]. - The overall market environment appears to be influenced by regulatory actions and corporate governance issues, leading to heightened volatility in stock and bond markets [1][2][3].

Summary of Key Points Core Insights - The report highlights the recent market activities, including the listing of new companies and the suspension of several stocks due to various reasons such as dividend announcements and potential delisting risks [1][2][3]. Company and Industry Analysis - The report notes the listing of N Guqi (001390) on May 29, 2025, indicating a new entry into the market [1]. - Several ETFs, including the Guotai Zhongzheng Hong Kong Stock Connect High Dividend Investment ETF (159331), Invesco Great Wall S&P Consumer Select ETF (159529), and Guotai S&P 500 ETF (159612), were suspended for trading due to dividend announcements and investor protection measures [1]. - Stocks such as *ST Gongzhi (000584) and *ST Hengli (000622) are highlighted for their potential delisting risks due to failure to disclose periodic reports within the legal timeframe [1]. - The report mentions that companies like Tianmao Group (000627) and Luoping Zinc Electric (002114) are undergoing significant changes, leading to their stock suspensions [1][2]. - The report also lists various bonds and securities that have been suspended, indicating a broader trend of market adjustments and regulatory compliance [3][4][5].

Summary of Key Points Group 1: Company Listings - Company 001390 Guqi Fur Materials is set to announce its online subscription rate on May 20, 2025 [1] - Company 301590 Youyou Green Energy will begin its preliminary inquiry on May 20, 2025, with the inquiry period ending on the same day [1] - Company 603049 Zhongce Rubber will also start its preliminary inquiry on May 20, 2025, concluding on the same day [1] Group 2: Trading Suspension Announcements - The Invesco Great Wall S&P Consumer Select ETF (QDII) will be suspended from trading on May 20, 2025, until 10:30 AM to protect investor interests [2] - The Guotai S&P 500 ETF will also be suspended on May 20, 2025, until 10:30 AM for the same reason [2] - Company 000151 Zhongcheng Co., Ltd. is suspended due to plans for issuing shares to acquire assets and raise matching funds, effective from May 16, 2025 [2] - Company 000584 *ST Gongzhi is suspended due to a risk warning regarding potential delisting, effective from April 28, 2025 [2] - Company 000622 *ST Hengli is suspended for failing to disclose periodic reports within the statutory deadline, effective from May 6, 2025 [2] - Company 000627 Tianmao Group is suspended for the same reason as *ST Hengli, effective from May 6, 2025 [2] - Company 000878 Yunnan Copper is suspended due to plans for issuing shares to acquire assets and raise matching funds, effective from May 13, 2025 [2] - Company 002336 *ST Renle is suspended due to a risk warning regarding potential delisting, effective from April 30, 2025 [2] - Company 002708 Guangyang Co., Ltd. is suspended due to plans for issuing shares and cash to acquire assets and raise matching funds, effective from May 19, 2025 [2] - Company 002750 *ST Longjin is suspended due to a risk warning regarding potential delisting, effective from April 25, 2025 [2]

证券代码：000627 证券简称：天茂集团 公告编号：2025-017 天茂实业集团股份有限公司 特别提示： 年年度报告和2025年第一季度报告。因公司定期报告涉及的部分信息需要进一步核实、补 充完善，公司未能完成2024年年报的编制工作，公司无法在法定期限内（2025年4月30日） 披露上述定期报告。 团，股票代码：000627）已自2025年5月6日开市起停牌。若公司在股票停牌两个月内仍未 披露2024年年度报告，公司股票交易将被实施退市风险警示。若公司在股票交易被实施退 市风险警示之日起的两个月内仍未披露过半数董事保证真实、准确、完整的相关年度报告， 深圳证券交易所将决定终止公司股票上市交易。 公司原定于2025年4月29日披露2024年年度报告和2025年第一季度报告。因公司定期报 告涉及的部分信息需要进一步核实、补充完善，公司未能完成2024年年报的编制工作，公 司无法在法定期限内（2025年4月30日）披露上述定期报告。公司股票（股票简称：天茂集 团，股票代码：000627）已自2025年5月6日开市起停牌。具体内容详见公司于2025年5月6 日刊登于《中国证券报》《证券时报》《上海证券报》和巨潮 ...

证券代码：000627 证券简称：天茂集团 公告编号：2025-017 天茂实业集团股份有限公司 关于定期报告披露进展暨股票交易可能被实施退市风险警示的 风险提示公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 特别提示： 1、天茂实业集团股份有限公司（以下简称"公司"）原定于2025年4月29日披露2024 年年度报告和2025年第一季度报告。因公司定期报告涉及的部分信息需要进一步核实、补 充完善，公司未能完成2024年年报的编制工作，公司无法在法定期限内（2025年4月30日） 披露上述定期报告。 2、根据《深圳证券交易所股票上市规则》的相关规定，公司股票（股票简称：天茂集 团，股票代码：000627）已自2025年5月6日开市起停牌。若公司在股票停牌两个月内仍未 披露2024年年度报告，公司股票交易将被实施退市风险警示。若公司在股票交易被实施退 市风险警示之日起的两个月内仍未披露过半数董事保证真实、准确、完整的相关年度报告， 深圳证券交易所将决定终止公司股票上市交易。 公司原定于2025年4月29日披露2024年年度报告和2025年第一季度报告。因公司 ...

Summary of Key Points Core Insights - The report highlights the upcoming listings and trading activities of several companies on May 19, 2025, indicating a busy market day with multiple new entries [1][2][3]. Upcoming Listings - Company 001390 Guqi Fur Material will be available for online subscription on May 19, 2025 [1]. - Companies 301595 N Taili and 603014 N Weigao will officially list on the same day, with allocations for general institutional investors [1]. - Company 920060 Wanyuantong will also list on May 19, 2025, specifically for the public portion [1]. Suspension Announcements - Company 002092 ST Zhongtai and 002259 ST Shengda will be suspended for one day due to the announcement of the withdrawal of other risk warnings [2]. - The Invesco Great Wall S&P Consumer Select ETF (QDII) and Guotai S&P 500 ETF will also be suspended until 10:30 AM on May 19, 2025, to protect investor interests [2]. - Company 300506 *ST Mingjia will be suspended for one day following the announcement of the withdrawal of delisting risk warnings [2]. Special Suspensions - Company 000151 Zhongcheng Co. will be suspended due to plans for issuing shares to acquire assets and raise matching funds, effective from May 16, 2025 [3]. - Company 000584 *ST Gongzhi and 000622 *ST Hengli will also face suspensions due to potential delisting risks and failure to disclose periodic reports within the legal timeframe [3]. - Company 002336 *ST Renle will be suspended for one day due to the announcement of potential delisting risks [3].

Core Viewpoint - The diaphragm is a critical component in power batteries, essential for preventing short circuits and overheating, and the industry is poised for significant growth driven by the global push for carbon neutrality and supportive government policies [1][18]. Industry Overview - The power battery diaphragm is a porous film that separates the positive and negative electrodes in batteries, preventing short circuits and facilitating lithium-ion migration. It is categorized into dry-process and wet-process diaphragms based on production methods [3][4]. - The global lithium battery diaphragm market is expected to see a substantial increase, with China's diaphragm shipment volume projected to grow by 28.60% year-on-year in 2024, reaching 22.75 billion square meters [1][21]. Industry Policies - The Chinese government has implemented various supportive policies to foster the development of the new energy vehicle industry, which in turn boosts the diaphragm sector. Key policies include enhancing battery safety standards and promoting the integration of new energy vehicles with the power grid [5][6]. - Local governments, such as those in Guizhou and Chongqing, have also introduced initiatives to support the diaphragm production and technology advancements [5][7]. Industry Development History - The Chinese diaphragm industry began in the early 2000s, with significant advancements in technology and production capacity occurring after 2010. By 2014, Chinese manufacturers started supplying major automotive companies, marking a shift towards global competitiveness [8][17]. Industry Chain - The diaphragm industry chain includes upstream raw materials like polyethylene and polypropylene, with domestic production increasingly meeting the needs of diaphragm manufacturers. The midstream involves diaphragm production, while the downstream consists of battery manufacturers [10][12]. Market Dynamics - The competition in the diaphragm industry is intensifying, with major players expanding capacity and facing price competition. Key companies include Enjie, Cangzhou Mingzhu, and Xingyuan Materials, with wet-process diaphragms gaining a larger market share [23][25]. Future Trends - The industry is moving towards high-performance materials and technological upgrades, focusing on thinner and higher porosity diaphragms. There is also a trend towards vertical integration and regional industrial clusters to enhance supply chain security [29][30]. - Companies are increasingly looking to expand globally and participate in standard-setting to enhance their competitive edge in international markets [31][32].

Group 1 - The company has completed the repurchase and cancellation of shares, with a total of 36,490,000 shares canceled, accounting for 0.7386% of the total share capital before cancellation [1][2][3] - The total amount for the repurchase was 99,982,600.00 yuan, which met the lower limit of the repurchase plan and did not exceed the upper limit [2] - The repurchase will not adversely affect the company's financial, operational, research and development, or debt fulfillment capabilities, and will not change the company's control or affect its listing status [2][3] Group 2 - The share capital structure has changed, with the number of unrestricted circulating shares decreasing from 4,552,504,165 to 4,516,014,165 after the cancellation [3] - The total share capital before cancellation was 4,940,629,165 shares, which has now been reduced to 4,904,139,165 shares [3] - The company will proceed with the necessary business registration changes and information disclosure obligations following the completion of the share cancellation [4]