Core Insights - The metal soft magnetic powder core is a high-performance soft magnetic material with significant market potential, particularly in the context of the new energy industry, including applications in photovoltaic power generation, electric vehicles, and data centers [1][19]. Industry Overview - Soft magnetic materials are characterized by low coercivity and high permeability, making them suitable for various energy conversion devices. They can be categorized into metal soft magnetic materials, ferrite soft magnetic materials, and other types [3][6]. - The demand for metal soft magnetic powder cores in China was 82,000 tons in 2019, with a market size of 2.72 billion yuan. This is expected to grow to 201,000 tons and approximately 7.52 billion yuan by 2025 [1][19]. Market Dynamics - The global soft magnetic materials market is projected to grow from $51.4 billion in 2019 to $79.4 billion in 2024, with a compound annual growth rate (CAGR) of 9.1% [14]. - The Asia-Pacific region holds the largest market share for soft magnetic materials, accounting for over 50%, followed by North America at around 24% [13]. Key Applications - Metal soft magnetic powder cores are crucial in electric vehicles, where they are used in drive motors, onboard chargers, and DC/DC converters, enhancing efficiency and power density [10][17]. - The increasing production of new energy vehicles in China, which is expected to rise from 340,500 units in 2015 to 12.89 million units by 2024, is driving demand for soft magnetic materials [10]. Industry Structure - The soft magnetic materials industry has a clear supply chain, with upstream raw materials sourced from the steel and chemical industries, midstream production of soft magnetic materials, and downstream applications in power, communication, and consumer electronics [6][9]. - Major companies in the Chinese soft magnetic materials sector include Hengdian Group Dong Magnetic, Tiantong Holdings, and Zhongke Magnetic, among others [24][26]. Future Trends - The industry is moving towards high-performance and high-value-added products, driven by rapid advancements in new energy, electric vehicles, and 5G communication technologies [30]. - The push for green and low-carbon technologies is leading to an increase in the use of high-performance silicon steel and low-loss amorphous alloys in various applications [31]. - Domestic companies are accelerating the localization of key soft magnetic materials, reducing reliance on imports and enhancing the competitiveness of the industry [32].

证券代码：002057 证券简称：中钢天源 公告编号：2025-025 关于首期限制性股票激励计划第二个解除限售期 限制性股票解除限售暨上市公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 中钢天源股份有限公司 重要内容提示： ? 本次符合解除限售条件的激励对象共 125 名，解除限售的限制性股票共计 ? 本次解除限售的限制性股票上市流通日为：2025 年 5 月 15 日。 中钢天源股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第 八届董事会第五次会议、第八届监事会第四次会议，审议通过了《关于首期限制 性股票激励计划首次授予部分第二个解除限售期解除限售条件成就的议案》，同 意为符合条件的 125 名激励对象办理限制性股票解除限售相关事宜，现就有关 事项说明如下： 一、激励计划批准及实施情况 （一）2021 年 9 月 24 日，公司召开第七届董事会第四次（临时）会议、第 七届监事会第四次（临时）会议审议通过了《中钢天源首期限制性股票激励计划 （草案）》及其摘要等相关议案。公司独立董事发表了同意的独立意见，公司监 事会对本次激励计划的相 ...

证券代码：002057 证券简称：中钢天源 公告编号：2025-025 中钢天源股份有限公司 关于首期限制性股票激励计划第二个解除限售期 限制性股票解除限售暨上市公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 重要内容提示： 本次符合解除限售条件的激励对象共 125 名，解除限售的限制性股票共计 3,638,580 股，占目前公司总股本的 0.48%。 本次解除限售的限制性股票上市流通日为：2025 年 5 月 15 日。 中钢天源股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第 八届董事会第五次会议、第八届监事会第四次会议，审议通过了《关于首期限制 性股票激励计划首次授予部分第二个解除限售期解除限售条件成就的议案》，同 意为符合条件的 125 名激励对象办理限制性股票解除限售相关事宜，现就有关 事项说明如下： 一、激励计划批准及实施情况 （一）2021 年 9 月 24 日，公司召开第七届董事会第四次（临时）会议、第 七届监事会第四次（临时）会议审议通过了《中钢天源首期限制性股票激励计划 （草案）》及其摘要等相关议案。公司独立董事发 ...

Financial Performance - The company's net profit for Q1 2025 reached 65.96 million yuan, representing a growth of 28.91% compared to the same period last year [15] - Revenue growth in Q1 2025 primarily stemmed from the magnetic materials and inspection testing businesses [27] Asset Management and Investments - The company reported an impairment of intangible assets amounting to 7.5 million yuan related to the Foshan Gaoming project due to delays and subsequent impairment testing [1] - An investment impairment of 8.77 million yuan was recognized for Guizhou Jinrui due to performance decline, following an assessment by an intermediary [1] Market Position and Product Development - The company holds approximately 50% market share in the electronic-grade manganese oxide sector after significant capacity expansion [19] - The company has over 200 patents, with ongoing efforts to ensure practical application in production [2] Strategic Focus and Future Growth - The company is focusing on high-end, intelligent, green, and efficient development, leveraging raised funds for these initiatives [3] - Plans for 2025 include full production and sales of newly constructed production lines, particularly for manganese oxide [25] Regulatory and Compliance - The company has completed the required rectifications following a directive from the Anhui Securities Regulatory Commission [9] - There are no current plans for asset restructuring or significant changes in shareholder arrangements [15] Industry Outlook - The magnetic materials industry is expected to experience substantial growth due to emerging technologies and increasing market demand [11] - The company is actively monitoring the impact of tariffs and international market conditions on its operations [26]

Group 1: Company Overview and Market Position - The company operates in the inspection and testing industry, focusing on materials testing with a leading position in large infrastructure testing [2] - The market share for battery-grade manganese tetroxide is approximately 50%, with production capacity increased to 35,000 tons [2] - The company has a production capacity of 70,000 tons for metal products, primarily producing spring steel wire [3] Group 2: Product Development and Market Trends - The company has developed battery-grade manganese tetroxide since 2013, with market acceptance growing from 2,000-3,000 tons to 5,000 tons, and now reaching a capacity of 35,000 tons [2] - The price of manganese tetroxide is closely linked to the fluctuations in the price of electrolytic manganese, with stable pricing and good profitability [3] - The company is involved in national key technology projects related to special graphite materials, with plans for industrial development based on R&D progress [3] Group 3: Future Projects and Expansion - Ongoing construction projects are focused on inspection and testing, expansion of battery-grade manganese tetroxide, and metal products [3] - The company has a production capacity of 2,000 tons for neodymium-iron-boron, covering the entire process from smelting to surface treatment [3]

智通财经APP获悉，4月28日共有27家上市公司的限售股解禁，解禁总市值约317亿元。 今日具体限售解禁股情况如下： | 股票简称 | 股票代码 | 限售股类型 | 解禁股数 | | --- | --- | --- | --- | | 时代新材 | 600458 | 股权激励限售流通 | 649.44万 | | 中航沈飞 | 600760 | 股权激励限售流通 | 361.77万 | | 中钢天源 | 002057 | 股权激励限售流通 | 424.38万 | | 万讯自控 | 300112 | 股权激励限售流通 | 171.15万 | | 新研股份 | 300159 | 股权激励限售流通 | 540万 | | 吉鑫科技 | 601218 | 股权激励限售流通 | 54.63万 | | 凯龙股份 | 002783 | 股权激励限售流通 | 9.74万 | | 东方精工 | 002611 | 股权激励限售流通 | 88万 | | 星帅尔 | 002860 | 股权激励限售流通 | 30.2万 | | 星光农机 | 603789 | 股权激励限售流通 | 513.57万 | | 口子窖 | 603589 | 股权 ...

Core Insights - The company reported a slight decline in revenue but a significant drop in net profit, while cash flow from operating activities showed substantial growth [1][2][4] Financial Performance - Revenue for 2024 was approximately 2.71 billion yuan, a decrease of 2.17% from 2023's 2.77 billion yuan. Manufacturing revenue increased by 3.33% to about 2.14 billion yuan, while service revenue fell by 17.90% to approximately 535.80 million yuan, impacted by reduced demand in the infrastructure sector [2] - Net profit attributable to shareholders was approximately 172.26 million yuan, down 37.27% from 2023's 274.62 million yuan, primarily due to declining profits in inspection and testing services and losses in the lithium battery sector [2] - Basic earnings per share decreased by 37.63% to 0.2272 yuan, reflecting the drop in net profit [2] Cost Management - Total expenses for 2024 were approximately 349.10 million yuan, down from 388.75 million yuan in 2023. Sales expenses decreased by 2.06%, management expenses by 11.71%, and R&D expenses by 9.29% [3] - The company maintained a research and development investment of approximately 1.33 billion yuan, with an R&D intensity of 4.92%, focusing on projects to enhance product competitiveness [3] Cash Flow Analysis - The net increase in cash and cash equivalents was -9.50 million yuan, a significant decrease from 444.59 million yuan in 2023, influenced by changes in operating, investing, and financing activities [4] - Cash flow from operating activities was approximately 320.17 million yuan, up 142.47% year-on-year, indicating improved cash collection capabilities [4] - Cash flow from investing activities was -89.03 million yuan, a decrease of 137.58%, reflecting increased payments for fixed asset construction [4] - Cash flow from financing activities was -240.91 million yuan, a decrease of 415.50%, indicating a focus on debt repayment and prudent financial management [4] Management Compensation - The chairman received a pre-tax compensation of approximately 989,800 yuan, while the general manager received about 990,900 yuan. Compensation for vice presidents varied, with one receiving 846,400 yuan and another 784,700 yuan, linked to their responsibilities and performance [5]

关于召开 2024 年度股东会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 中钢天源股份有限公司 一、召开会议的基本情况 证券代码：002057 证券简称：中钢天源 公告编号：2025-022 5．会议的召开方式：本次股东会采用现场表决与网络投票相结合的方式召 开。 （1）现场投票：股东本人出席或者通过授权委托他人出席现场会议。 （2）网络投票：公司将通过深圳证券交易所交易系统和互联网投票系统向 全体股东提供网络形式的投票平台，股东可以在网络投票时间内通过上述系统行 使表决权。公司股东应选择现场投票、网络投票中的一种方式，如果同一表决权 出现重复投票表决的，以第一次投票表决结果为准。 网络投票包含证券交易系统和互联网系统两种投票方式，同一表决权只能选 择其中一种方式。 6．会议的股权登记日：2025 年 5 月 12 日（星期一）。 1．股东会届次：2024年度股东会 2．股东会的召集人：公司董事会 3．会议召开的合法、合规性：本次股东会的召集、召开符合有关法律、行 政法规、部门规章、规范性文件、深圳证券交易所业务规则和公司章程等的规定。 4．会议召 ...

证券代码：002057 证券简称：中钢天源 公告编号：2025-007 中钢天源股份有限公司 第八届监事会第四次会议决议公告 本公司全体监事保证公告内容的真实、准确和完整，并对公告中 的虚假记载、误导性陈述或者重大遗漏承担责任。 一、监事会会议召开情况 中钢天源股份有限公司（以下简称"公司"）第八届监事会第四次会议于 2025 年 4 月 24 日（星期四）以现场方式召开，会议通知已于 2025 年 4 月 14 日 通过专人及电讯方式送达各位监事。本次会议应出席监事 3 人，实际出席监事 3 人。会议由监事会主席王守业先生主持。会议召开符合有关法律、法规、规章和 《公司章程》的规定。 经各位监事认真审议，会议形成了如下决议： 二、监事会会议审议情况 （一）审议通过《2024 年度监事会工作报告》 《2024 年度监事会工作报告》详见公司指定信息披露网站巨潮资讯网 （www.cninfo.com.cn）。 表决结果：3 票同意，0 票反对，0 票弃权。 本议案尚需提交公司 2024 年度股东会审议。 （二）审议通过《2024 年度总经理工作报告》 表决结果：3 票同意，0 票反对，0 票弃权。 本议案尚需提交 ...

证券代码：002057 证券简称：中钢天源 公告编号：2025-006 中钢天源股份有限公司 第八届董事会第五次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中钢天源股份有限公司（以下简称"公司"）第八届董事会第五次会议于 2025 年 4 月 24 日（星期四）以现场方式召开。会议通知已于 2025 年 4 月 14 日 通过专人及电讯方式送达各位董事。本次会议应出席董事 9 人，实际出席董事 9 人。会议由董事长毛海波先生主持，公司监事及部分高管列席。会议召开符合有 关法律、法规、规章和《公司章程》的规定。 经各位董事认真审议，会议形成了如下决议： 二、董事会会议审议情况 （一）审议通过《2024 年度董事会工作报告》 公司独立董事林钟高、杨阳先生、唐荻先生、乔利杰先生、刘先松先生分别 向董事会提交了《独立董事 2024 年度述职报告》，并将在 2024 年度股东会上进 行述职。 《2024 年度董事会工作报告》及《独立董事 2024 年度述职报告》详见公司 指定信息披露网站巨潮资讯网（www.cninfo.com. ...