临时公告：2025-064 证券代码：002254 股票简称：泰和新材 公告编号：2025-064 泰和新材集团股份有限公司 二、其他说明 实际情况与此前已披露的减持计划一致。 持本公司股份及其变动管理规则》《深圳证券交易所上市公司自律监管指引第 定。 构和持续性经营。 三、备查文件 顾裕梅女士出具的《关于减持计划期限届满的告知函》。 特此公告。 泰和新材集团股份有限公司（以下简称"公司"）于 2025 年 5 月 14 日披露 了《关于公司部分高级管理人员减持股份预披露公告》（公告编号：2025-039） 公司总会计师顾裕梅女士计划自上述公告披露之日起 15 个交易日后的 3 个月内 以集中竞价或大宗交易方式减持本公司股份合计不超过 112,500 股（占公司剔除 回购专用账户中股份后股份总数的 0.01%）。 公司于 2025 年 9 月 5 日收到顾裕梅女士出具的《关于减持计划期限届满的 告知函》，截至本公告披露日，顾裕梅女士的减持计划期限已届满，未减持公司 股份，现将有关情况公告如下： 一、股东减持情况 | 本次减持前持有股份 | | | | 本次减持后持有股份 | | | --- | --- | - ...

临时公告：2025-064 证券代码：002254 股票简称：泰和新材 公告编号：2025-064 泰和新材集团股份有限公司 关于高级管理人员减持计划期限届满未减持股份的公告 泰和新材集团股份有限公司（以下简称"公司"）于 2025 年 5 月 14 日披露 了《关于公司部分高级管理人员减持股份预披露公告》（公告编号：2025-039） 公司总会计师顾裕梅女士计划自上述公告披露之日起 15 个交易日后的 3 个月内 以集中竞价或大宗交易方式减持本公司股份合计不超过 112,500 股（占公司剔除 回购专用账户中股份后股份总数的 0.01%）。 公司于 2025 年 9 月 5 日收到顾裕梅女士出具的《关于减持计划期限届满的 告知函》，截至本公告披露日，顾裕梅女士的减持计划期限已届满，未减持公司 股份，现将有关情况公告如下： 一、股东减持情况 1、顾裕梅女士在本次减持计划期间未减持公司股份。 | 股东名称 | 股份性质 | | 本次减持前持有股份 | | 本次减持后持有股份 | | --- | --- | --- | --- | --- | --- | | | | 持股数量 | 占公司总股 | 持股数量 | 占 ...

泰和新材公告，公司总会计师顾裕梅原计划自2025年5月14日披露后15个交易日届满起3个月内，通过集 中竞价或大宗交易减持不超过11.25万股，占0.01%；截至2025年9月5日减持期限届满，顾裕梅未减持公 司股份，现持31.5万股，占0.04%。 ...

Investment Rating - The investment rating for the company is "Accumulate" [3] Core Views - The company reported a revenue of 1.903 billion yuan for the first half of 2025, a year-on-year decrease of 2.48%, with a net profit attributable to the parent company of 26 million yuan, down 77.58% year-on-year [1] - The second quarter of 2025 saw a revenue of 846 million yuan, a decline of 14.18% year-on-year, and a net profit of 15 million yuan, down 83.98% year-on-year, but with a quarter-on-quarter increase of 28.01% [1] - The report highlights ongoing weakness in the spandex market and intensified competition in the aramid fiber sector, with a focus on the ramp-up of aramid separator production [1][6] Financial Performance - The company’s spandex segment generated revenue of 719 million yuan in the first half of 2025, with a gross margin of -6.47%, reflecting a year-on-year increase of 3.08 percentage points [6] - The aramid segment achieved revenue of 1.170 billion yuan in the first half of 2025, with a gross margin of 32.63%, down 5.85 percentage points year-on-year [6] - The company expects net profits for 2025-2027 to be 67 million, 206 million, and 229 million yuan respectively, with corresponding EPS of 0.08, 0.24, and 0.27 yuan [6][8] Market Dynamics - The spandex industry is experiencing an imbalance in supply and demand, with production capacity increasing to 1.43 million tons in the first half of 2025, while demand growth remains limited [6] - The aramid market is facing intensified competition due to new capacity releases and weak demand in traditional industrial sectors, leading to price declines and shrinking profit margins [6] - Long-term growth potential exists in the aramid materials market, driven by environmental regulations and the demand for lightweight automotive components [6] Future Outlook - The company is accelerating the industrialization of aramid-coated separators, with production trials expected to begin in the first half of 2025 [6] - The report anticipates a gradual release of capacity in the aramid-coated separator market, which could enhance the company's market position [6]

Group 1 - The company, Xingyuan Material, is currently progressing well in its collaboration with Taihe New Materials on aramid-coated separators [2] - Investors are encouraged to monitor the company's periodic reports for specific operational data [2]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company reported a revenue of 1.903 billion yuan for the first half of 2025, a year-on-year decrease of 2.48%, and a net profit attributable to shareholders of 26 million yuan, down 77.58% year-on-year [5] - The average market price of the company's main product, spandex, was 23,563.49 yuan per ton as of August 29, 2025, a decrease of 10.8% year-on-year [6] - The company is actively developing new materials, with its aramid coating for lithium battery separators showing promising progress and expected to enter production testing in 2025 [9] - The company anticipates gradual improvement in the supply-demand relationship for spandex, with no new production capacity planned after 2026, which may lead to a slow price recovery [6][10] Financial Performance - In the first half of 2025, the company achieved a gross profit margin of 17.68%, down 0.51 percentage points year-on-year, and a net profit margin of 0.60%, down 3.75 percentage points year-on-year [5] - The projected net profits for 2025-2027 are 182 million, 297 million, and 379 million yuan, corresponding to P/E ratios of 47.18X, 28.88X, and 22.59X respectively [10] - The company's revenue is expected to grow from 39.29 billion yuan in 2024 to 64.54 billion yuan in 2027, with a compound annual growth rate of 14.8% [12]

Market Performance - The basic chemical index increased by 1.11% from August 23 to August 29, while the CSI 300 index rose by 2.71%, indicating that the basic chemical sector underperformed the CSI 300 by 1.60 percentage points, ranking 11th among all sectors [1][2] - The top-performing sub-industries included nylon (5.68%), rubber additives (5.44%), potassium fertilizer (4.65%), food and feed additives (2.99%), and fluorochemicals (2.99%) [1][2] Chemical Product Price Trends - The top five products with the highest weekly price increases were NYMEX natural gas (11.11%), crude phenol (7.12%), niacinamide (5.78%), phenol oil (5.16%), and hydrofluoric acid (5.00%) [3] - The top five products with the largest weekly price declines included liquid chlorine (-75.00%), sodium (-6.78%), coal tar (-4.17%), anthracene oil (-4.11%), and lithium carbonate (industrial grade) (-4.09%) [3] Industry Dynamics - In the first half of 2025, the basic chemical sector achieved operating revenue of 1,123.83 billion yuan, a year-on-year increase of 3.03%, and a net profit attributable to shareholders of 69.72 billion yuan, up 4.43% year-on-year [4] - In Q2 2025, the sector reported operating revenue of 587.10 billion yuan, a year-on-year increase of 0.80% and a quarter-on-quarter increase of 9.38%, with a net profit of 35.72 billion yuan, down 2.66% year-on-year but up 5.03% quarter-on-quarter, indicating an improving trend in quarterly profitability [4] Company Performance Highlights - In the refrigerant sector, Juhua Co. reported H1 2025 operating revenue of 13.33 billion yuan, up 10.36% year-on-year, and a net profit of 2.05 billion yuan, up 145.84% year-on-year [6] - Sanmei Co. achieved H1 2025 operating revenue of 2.83 billion yuan, a 38.58% increase year-on-year, with a net profit of 999.5 million yuan, up 159.22% year-on-year [6] - In the agricultural chemicals sector, Yara International reported H1 2025 operating revenue of 2.52 billion yuan, a 48.54% increase year-on-year, and a net profit of 855 million yuan, up 216.64% year-on-year [7] - Salt Lake Co. reported H1 2025 operating revenue of 6.78 billion yuan, down 6.30% year-on-year, but a net profit of 2.52 billion yuan, up 13.69% year-on-year [7] Investment Recommendations - Current investment focus includes the refrigerant sector, with recommendations for companies like Jingshi Resources, Juhua Co., Sanmei Co., and Yonghe Co. [9] - The chemical fiber sector is also highlighted, with recommendations for Huafeng Chemical, Xin Fengming, and Taihe New Materials [9] - Other recommended companies include Wanhua Chemical, Hualu Hengsheng, Luxi Chemical, and Baofeng Energy [9] - The tire sector includes recommendations for Sailun Tire, Senqilin, and Linglong Tire [9] - In the agricultural chemicals sector, recommended companies include Yara International, Salt Lake Co., Xingfa Group, Yuntianhua, and Yangnong Chemical [9] - High-quality growth stocks to watch include Blue Sky Technology, Shengquan Group, and Shandong Heda [9] Industry Rating - The basic chemical industry maintains an "overweight" rating [10]

Group 1 - The company is currently collaborating with Taihe New Materials on aramid-coated diaphragm orders, and the cooperation is progressing smoothly [1] - The company has not disclosed specific operational data but encourages stakeholders to refer to its periodic reports for detailed information [1] - There is no indication of any major battery manufacturers entering into large order negotiations at this time [1]

Group 1 - The company has established a green dyeing project in the Penglai Industrial Park [2] - There are plans to construct a T2T recycling pilot project in the same industrial park [2]

证券日报网讯泰和新材（002254）9月2日在互动平台回答投资者提问时表示，截至2025年8月29日，持 有公司股票的账户共有41000多户。 ...