Group 1 - The company Tianyuan Co., Ltd. announced the transfer of 1.1% of its shares (14,326,647 shares) from its controlling shareholder's action partner, Sichuan Yuanling Industrial Investment Group Co., Ltd. (referred to as "Yuanling Investment"), to its parent company, Sichuan Gangrong Investment Development Group Co., Ltd. (referred to as "Gangrong Group") [2] - The share transfer was completed on September 11, 2025, and the company received the securities transfer registration confirmation from China Securities Depository and Clearing Corporation Limited on September 12, 2025 [2] - After the transfer, Yuanling Investment no longer holds any shares in the company, while Gangrong Group directly holds 1.1% of the company's shares (14,326,647 shares) [2]

证券代码：002386 证券简称：天原股份 公告编号：2025-064 债券代码：524174.SZ 债券简称：25 天原 K1 宜宾天原集团股份有限公司 特此公告。 关于控股股东之一致行动人国有股权无偿划转 完成过户登记的公告 二、本次国有股权无偿划转双方的基本情况 上述无偿划转股份已于 2025 年 9 月 11 日完成过户登记手续。 公司于 2025 年 9 月 12 日收到远瓴投资转来的中国证券登记结算有限 责任公司出具的《证券过户登记确认书》。 本次无偿划转股份过户完成后，远瓴投资不再持有公司股份，港 荣集团直接持有公司 1.1%股权(14,326,647 股)。本次股份无偿划转不 会导致公司控股股东及实际控制人发生变更，不会对公司持续经营产 生影响。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、本次国有股权无偿划转的基本情况 宜宾天原集团股份有限公司(以下简称"公司")于 2025 年 3 月 15 日披露了《关于控股股东之一致行动人国有股权无偿划转的提示 性公告》（公告编号：2025-024）。公司控股股东宜宾发展控股集团 有限公司之一致 ...

Group 1 - The company, Yibin Tianyuan Group Co., Ltd., will participate in the "2025 Investor Online Collective Reception Day and Semi-Annual Report Performance Briefing" organized by the Sichuan Listed Companies Association and Shenzhen Panorama Network Co., Ltd. [1] - The event will be held online on September 12, 2025, from 14:00 to 17:00, allowing investors to engage with the company's executives regarding various topics of interest [1] - Key discussion points will include the company's performance for the fiscal year 2024 and the first half of 2025, corporate governance, development strategy, operational status, financing plans, equity incentives, and sustainable development [1]

Group 1 - The company Tianyuan Co., Ltd. announced its participation in the "2025 Investor Online Collective Reception Day and Semi-Annual Report Performance Briefing" event organized by the Sichuan Listed Companies Association and Shenzhen Panorama Network Co., Ltd. on September 12, 2025 [1]

Market Overview - On September 5, the chemical raw materials sector rose by 2.24%, with Hongxing Development leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - Hongxing Development (600367) closed at 18.01, with a gain of 10.02% and a trading volume of 189,300 shares, totaling a transaction value of 334 million [1] - Other notable performers included: - Kaisheng New Materials (301069) at 22.69, up 6.43%, with a transaction value of 454 million [1] - Sanxiang New Materials (603663) at 29.80, up 6.39%, with a transaction value of 1.033 billion [1] - Ti'an Co. (603067) at 17.32, up 6.19%, with a transaction value of 416 million [1] Capital Flow - The chemical raw materials sector saw a net inflow of 363 million from institutional investors, while retail investors experienced a net outflow of 335 million [2][3] - The main capital inflow was concentrated in: - Hongxing Development with a net inflow of 1.29 billion, accounting for 38.52% of its trading volume [3] - Sanxiang New Materials with a net inflow of 105 million, accounting for 10.14% [3] - Kaisheng New Materials with a net inflow of 44.64 million, accounting for 9.84% [3]

| | | 宜宾天原集团股份有限公司 关于参加四川辖区 2025 年投资者网上集体接待日及半 年度报告业绩说明会活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，宜宾天原集团股份有限公司 （以下简称"公司"）将参加由四川省上市公司协会、深圳市全景网 络有限公司联合举办的"四川辖区 2025 年投资者网上集体接待日及 半年度报告业绩说明会"活动，现将相关事项公告如下： 特此公告。 宜宾天原集团股份有限公司 董事会 2025 年 9 月 6 日 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" （https://rs.p5w.net）参与本次互动交流，活动时间为 2025 年 9 月 12 日（周五）14:00—17:00。届时公司高管将在线就公司 2024 年 度及 2025 年半年度业绩、公司治理、发展战略、经营状况、融资计 划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通 与交流，欢迎广大投资者踊跃参与！ ...

Group 1 - The event organized by Yibin Tianyuan Group Co., Ltd. focused on themes such as the "May Fourth" spirit, youth contributions in the workplace, and the innovation of work scenarios through AI technology [1] - The activity, which started in May, received positive responses from young members, with a total of 16 entries submitted for evaluation [1] - The judging panel assessed the entries based on five criteria: thematic content, logical structure, presentation form, expression ability, and personal demeanor, with the first prize awarded to the entry titled "Boundaryless Collaboration, Intelligent Efficiency - AI Empowering Office Efficiency Leap" [1]

Group 1 - Tianyuan Co., Ltd. experienced a stock price increase of 0.59% on August 29, with a trading volume of 127 million yuan [1] - The financing data for Tianyuan on the same day showed a financing purchase amount of 19.75 million yuan and a net financing purchase of 1.42 million yuan, with a total financing and securities balance of 372 million yuan [1] - The financing balance of Tianyuan represents 5.60% of its circulating market value, which is below the 50th percentile level over the past year, indicating a relatively low position [1] Group 2 - As of August 8, the number of shareholders for Tianyuan was 51,400, a decrease of 0.39%, while the average circulating shares per person increased by 0.39% to 25,319 shares [2] - For the first half of 2025, Tianyuan reported an operating income of 5.668 billion yuan, a year-on-year decrease of 14.12%, while the net profit attributable to shareholders increased by 48.65% to 16.6385 million yuan [2] Group 3 - Since its A-share listing, Tianyuan has distributed a total of 699 million yuan in dividends, with 202 million yuan distributed over the past three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited was the eighth largest circulating shareholder of Tianyuan, holding 10.2596 million shares, an increase of 815,300 shares compared to the previous period [3]

Core Viewpoint - The lithium iron phosphate (LFP) industry is facing severe overcapacity and price declines, despite strong demand for LFP batteries, leading to significant losses for many companies in the sector [1][2][6]. Industry Overview - The first meeting of the Lithium Iron Phosphate Materials Subcommittee of the China Chemical and Physical Power Industry Association was held in Shenzhen, focusing on industry overcapacity and the elimination of outdated production capacity [1][2]. - Nine major LFP companies attended the meeting, indicating a high-level discussion on the industry's current challenges and future arrangements [1][3]. Market Dynamics - The price of LFP has plummeted from 166,000 yuan per ton at the beginning of 2023 to 36,000 yuan per ton in 2024, causing significant financial strain on leading companies [6][11]. - Despite the overall market growth, the LFP sector has become the most loss-ridden part of the battery supply chain, with only Hunan Youneng managing to maintain profitability [6][7]. Production Capacity - The LFP production capacity has expanded dramatically, from 2.12 million tons at the end of 2022 to 4.27 million tons by the end of 2023, with nominal capacity exceeding 5 million tons, which is double the previous year's shipment volume [5][6]. - The average operating rate in the industry was as low as 50.41% in June of the previous year, with only Hunan Youneng maintaining a utilization rate of 93.15% [6][11]. Financial Performance - Hunan Youneng reported a revenue of 14.358 billion yuan in the first half of 2025, a 33.17% increase, driven by a 55.38% rise in sales volume of phosphate-based cathode materials [10]. - Other companies like Dongsheng Technology and Anda Technology also reported revenue growth, although they still faced challenges with profitability [10][11]. - Anda Technology recorded a loss of 168 million yuan, but this was a 52.83% reduction compared to the previous year, indicating some improvement in financial health [11]. Future Outlook - The industry is expected to undergo a transformation towards high-end products, with increasing demand for high-density LFP materials, which could improve profitability for leading companies [8][9]. - The overall market dynamics suggest that while the LFP sector is currently struggling, there is potential for recovery as the industry addresses overcapacity and shifts towards higher-quality products [8][10].

Core Viewpoint - Tianyuan Co., Ltd. reported a revenue of 5.668 billion yuan and a net profit of 16.6385 million yuan for the first half of 2025, marking a year-on-year growth of 48.65% in net profit [1] Group 1: Business Strategy and Operations - The company is in its second foundational year of a three-year expansion plan, focusing on building strong industrial profitability and operational capabilities [1] - The "Double 1000" plan for titanium dioxide aims to promote product differentiation and high added value [1] - The company is implementing a "dual mining overseas" strategy to enhance resource security and value creation by actively sourcing or outsourcing in regions rich in lithium and titanium resources [1] Group 2: Investment Projects - The construction of the second workshop for the 100,000-ton lithium iron phosphate cathode material project has been completed, and trial production is beginning [2] - The company is investing in a 60,000-ton sulfuric acid project to integrate with titanium dioxide production, achieving zero carbon consumption in titanium dioxide production [2] - A 60MW/120MWh user-side energy storage system is being developed to reduce electricity costs for the company [2] Group 3: Green Development Initiatives - The company plans to invest approximately 10.659 million yuan in the Dingjia Phosphate Mine green mining project, with a designed production capacity of 900,000 tons per year [3] - An investment of about 18.481 million yuan is allocated for a project to recycle chlorination titanium dioxide tailings, which will lower production costs and reduce environmental risks [3]