Financial Performance - The company's operating revenue for the third quarter was ¥2,821,621,478, a decrease of 16.39% compared to the same period last year[5]. - Net profit attributable to shareholders increased by 113.90% to ¥15,054,883.23 for the quarter, and by 132.63% to ¥31,693,371.45 year-to-date[5]. - The basic earnings per share for the quarter was ¥0.0116, reflecting an increase of 113.94% year-on-year[5]. - Total operating revenue for the current period was ¥8,489,943,718.24, a decrease of 14.92% from ¥9,974,756,461.02 in the previous period[22]. - Net profit for the current period was ¥3,936,510.69, compared to a net loss of ¥114,620,271.32 in the previous period, indicating a significant recovery[23]. - Earnings per share (EPS) for the current period was ¥0.0243, a turnaround from a loss of ¥0.0746 per share in the previous period[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥19,275,786,839.86, a decrease of 1.86% from the end of the previous year[5]. - Current assets decreased to CNY 5,565,494,785.92 from CNY 6,298,361,159.62, reflecting a decline of approximately 11.6%[19]. - Non-current assets increased to CNY 13,710,292,053.94 from CNY 13,343,543,895.20, representing an increase of about 2.8%[20]. - Total liabilities decreased to CNY 10,839,983,065.25 from CNY 11,768,486,862.71, reflecting a decrease of about 7.9%[20]. - Total liabilities amounted to ¥11,635,924,130.86, a slight decrease from ¥12,016,116,895.68 in the previous period[21]. Cash Flow - The company reported a net cash flow from operating activities of ¥51,830,795.09, which is an increase of 125.20% year-to-date[5]. - The net cash flow from operating activities was 51,830,795.09, a significant improvement from the previous year's negative cash flow of -205,713,088.87[27]. - Cash inflow from operating activities totaled ¥10,048,854,528.92, a decrease of 11.05% from ¥11,298,093,676.51 in the previous period[26]. - The net cash flow from financing activities decreased by 45.93% to 22,609,044, primarily due to a proactive reduction in debt financing scale after issuing corporate bonds[10]. - The net cash flow from investing activities was -537,070,065.17, slightly better than the previous year's -587,000,878.23[27]. Equity and Shareholder Information - The company’s equity attributable to shareholders increased by 0.55% to ¥7,514,126,616.82 compared to the end of the previous year[5]. - The total number of ordinary shareholders at the end of the reporting period was 51,283[12]. - Total equity attributable to shareholders of the parent company was ¥7,514,126,616.82, an increase from ¥7,472,903,056.44 in the previous period[21]. Expenses and Gains - The company's tax expenses increased by 126.38% to 33,172,834, reflecting higher income tax provisions[10]. - Non-recurring gains and losses for the quarter totaled -¥98,267.71, with significant impacts from non-normal shutdown losses[6]. - The company received government subsidies related to normal business operations amounting to ¥9,526,084.31 during the quarter[6]. - The company has identified several tax benefits as recurring gains, including a VAT deduction of ¥38,680,568.59 under advanced manufacturing policies[7]. Other Financial Metrics - The weighted average return on net assets was 0.20% for the quarter, a decrease of 1.56% compared to the previous year[5]. - Trading financial assets increased by 121.77% to 818,225,000, primarily due to changes in the fair value of futures held during the period[9]. - Prepayments rose by 67.97% to 251,308,928, attributed to stable supply of key raw materials[9]. - Investment income decreased by 120.70%, resulting in a loss of 10,388,035, primarily due to reduced profits from futures delivery investments compared to the same period last year[10]. - The company's long-term payables increased by 73.92% to 102,011,471, mainly due to new financing leases[9]. Legal and Compliance - The company’s litigation case resulted in a judgment requiring a payment of CNY 15,583,604.32[18]. - The company did not undergo an audit for the third quarter financial report[29]. - The company will implement new accounting standards starting in 2025, but this does not apply to the current reporting period[28].

Core Viewpoint - Tianyuan Co., Ltd. plans to transfer its 25,000 tons/year yellow phosphorus production capacity to optimize idle intangible assets and enhance the value of state-owned assets [1] Group 1: Company Developments - Tianyuan Co., Ltd. announced that its subsidiary, Mabi Wuqiong Mining Co., will cease operations at its phosphorus chemical plant on December 19, 2023 [1] - The company reported a revenue of 5.668 billion yuan and a net profit attributable to shareholders of 16.6385 million yuan for the first half of 2025, marking a year-on-year increase of 48.65% [2] - The company is progressing with its lithium iron phosphate project and has completed the construction of the second workshop production line, which has begun trial production [2] Group 2: Industry Context - The chlor-alkali industry, where Tianyuan operates, is currently experiencing a continuous downturn, leading to significant operational pressure on companies [2] - Tianyuan Co., Ltd. is one of China's earliest chlor-alkali enterprises, providing a range of chemical products including PVC and caustic soda, with an increasing production scale in its main products [2] Group 3: Environmental Initiatives - The company is investing 185 million yuan in a project to utilize waste from the chlorination process of titanium dioxide, which will address environmental challenges and reduce production costs by extracting ferrous chloride for lithium iron phosphate production [3]

Core Viewpoint - Tianyuan Co., Ltd. announced the suspension of its subsidiary, Mabi Wuqiong Mining Co., Ltd.'s phosphorus chemical plant on December 19, 2023, to optimize idle intangible assets and ensure the preservation and appreciation of state-owned assets [1] Group 1 - The company plans to transfer its 25,000 tons/year yellow phosphorus production capacity through public bidding [1] - The starting price for the transfer is set at 24.79 million yuan [1]

根据《深圳证券交易所股票上市规则》、《公司章程》等相关 规定，本次交易事项已经公司经营层审议通过，无需经董事会审议。 由于本次黄磷产能指标转让的方式为在产权交易机构公开挂牌转让， 最终交易对手方不确定，是否构成关联交易尚不确定。公司将根据交 易事项的进展情况,及时履行相应的信息披露义务。本次交易不构成 《上市公司重大资产重组管理办法》规定的重大资产重组。 | 证券代码：002386 | 证券简称：天原股份 | 公告编号：2025-067 | | --- | --- | --- | | 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 关于子公司无穷矿业黄磷指标转让的公告 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。 一、交易概述 宜宾天原集团股份有限公司（以下简称"公司"）下属子公司马 边无穷矿业有限公司（以下简称"无穷矿业"）磷化工厂于 2023 年 12 月 19 日停产，详见公司于 2023 年 12 月 16 日披露的《关于子公 司黄磷装置关停的公告》（公告编号：2023-089）。 为盘活闲置无形资产， ...

Core Insights - The 2025 Sichuan Top 100 Enterprises list was released, showing a total of 8 companies with revenues exceeding 100 billion yuan, an increase of 3 from 2024 [1] - Tongwei Group Limited topped the list with revenues surpassing 200 billion yuan, marking its first time at the top [1] - Sichuan Energy Development Group and Qiya Group entered the 100 billion yuan revenue club for the first time [1] Company Rankings - Tongwei Group Limited: Revenue of 24,137,998 million yuan [2] - Sichuan Yibin Wuliangye Group Limited: Revenue of 19,529,677 million yuan [2] - Sichuan Changhong Electronics Holding Group Limited: Revenue of 15,267,474 million yuan [2] - Sichuan Energy Development Group Limited: Revenue of 11,745,767.72 million yuan [2] - Qiya Group Limited: Revenue of 11,035,872.53 million yuan [2] - New Hope Liuhe Co., Ltd.: Revenue of 10,306,296.23 million yuan [2] - Luzhou Laojiao Group Limited: Revenue of 10,045,283.6 million yuan [2] - Sichuan Huaxi Group Limited: Revenue of 10,010,347.8 million yuan [2] Additional Rankings - Sichuan Chuanwei Group Limited: Revenue of 8,871,760 million yuan [4] - China National Petroleum Corporation Sichuan Sales Branch: Revenue of 8,830,342.77 million yuan [4] - China Wuyi Group Limited: Revenue of 8,003,938.45 million yuan [4] - Blue Run Group Limited: Revenue of 7,855,709.32 million yuan [4] - China Dongfang Electric Group Limited: Revenue of 7,555,541.23 million yuan [4]

Group 1 - The chemical raw materials sector increased by 0.94% compared to the previous trading day, with Zhihua Co. leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Group 2 - In terms of capital flow, the chemical raw materials sector experienced a net outflow of 205 million yuan from main funds, while retail investors saw a net inflow of 232 million yuan [2] - The table provided shows the net inflow and outflow of various stocks within the sector, highlighting significant movements in individual stocks such as Ti'an Co. and Shilong Industry [2]

Core Viewpoint - Tianyuan Co., Ltd. announced that as of September 30, 2025, neither the company nor its subsidiaries have experienced overdue guarantees, litigation-related guarantees, or losses due to judgments against guarantees [2] Summary by Categories - **Company Status** - Tianyuan Co., Ltd. and its controlling subsidiaries have not encountered overdue guarantees [2] - There are no ongoing litigations related to guarantees [2] - The company has not been subject to any judgments resulting in losses due to guarantees [2]

| 证券代码：002386 | 证券简称：天原股份 | 公告编号：2025-066 | | --- | --- | --- | | 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 关于公司及子公司之间互相提供担保的进展公告 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。 3、公司及子公司未发生逾期担保。 一、担保情况概述 （一）担保事项内部决策程序履行情况 公司于 2024 年 12 月 30 日召开第九届董事会第十一次会议和第 九届监事会第七次会议，于 2025 年 1 月 16 日召开 2025 年第一次临 时股东大会审议通过了《关于公司 2025 年度对外担保预计额度的议 案》。2025 年集团公司拟为控股子公司担保总额为 1,242,035.00 万 元，具体以实际保证合同履行金额为准。具体内容详见公司 2024 年 12 月 31 日披露在巨潮资讯网上的《关于公司 2025 年度对外担保预 计额度的公告》（公告编号：2024-071）。 二、被担保人基本情况 被担保基本情况详见公司 2024 年 12 ...

Core Viewpoint - The announcement details the progress of a lawsuit involving Yibin Tianyuan Group Co., Ltd.'s subsidiary, Yibin Tianlan Chemical Co., Ltd., against Sichuan Northern Hongguang Special Chemical Co., Ltd. regarding a contract dispute, culminating in a final judgment that requires the defendant to pay a specified amount to the plaintiff [2][4][5]. Group 1 - In November 2019, Yibin Tianlan Chemical received a notice from the Yibin Intermediate People's Court regarding the acceptance of its lawsuit against Hongguang Chemical for a contract dispute [2]. - The first-instance judgment on November 23, 2023, ordered Hongguang Chemical to pay Yibin Tianlan Chemical a total of 15,583,604.32 yuan [4]. - Both parties appealed the first-instance judgment, and the second-instance court upheld the original ruling on September 22, 2025, making it a final judgment [4][5]. Group 2 - The second-instance court's ruling included the allocation of litigation costs, with Yibin Tianlan Chemical responsible for 161,676 yuan and Hongguang Chemical for 1,184,705 yuan [4]. - The final judgment is documented in the civil judgment issued by the Sichuan Provincial High Court [6].

| 证券代码：002386 | 证券简称：天原股份 | | 公告编号：2025-065 | | --- | --- | --- | --- | | 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 关于公司下属子公司天蓝化工诉讼事项的进展公告 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。 一、情况概述 2019 年 11 月宜宾天原集团股份有限公司（以下简称"公司"） 的下属子公司宜宾天蓝化工有限责任公司（以下简称"天蓝化工"） 收到四川省宜宾市中级人民法院（以下简称"宜宾中院"）寄来的《四 川省宜宾市中级人民法院受理案件通知书》（2019）川 15 民初 111 号。 天蓝化工作为原告，起诉四川北方红光特种化工有限公司（以下简称 "红光化工"）合同纠纷案已获宜宾中院受理。详见 2019 年 11 月 16 日披露的《 关于公司下属子公司天 蓝化工诉讼事项的公告》 （2019-062）。 该诉讼历次进展详见公司定期报告以及相关的诉讼进展公告。 宜宾天原集团股份有限公司 董事会 1、《四川省高级人民法院民事判决 ...