宜宾天原集团股份有限公司 投资者关系活动记录表 编号：2023-001 | 投资者关系活动类别 | ☐特定对象调研 | | ☐分析师会议 | | --- | --- | --- | --- | | | ☐媒体采访 | | ☐业绩说明会 | | | ☐新闻发布会 | | 路演活动 | | | ☐现场参观 | | | | | ☐其他（请文字说明其他活动内容） | | | | 形式 | ☐现场 华能贵诚信托 肖明亮 | 网上 | ☐电话会议 | | | 吉祥财信人寿 黄义凯 灏浚投资 | 柯海平 | | | | 银叶投资 | 曹擎 | | | | 富森美 | 刘通 | 查晓琳 | | | 富国基金 | | 孙彬、顾飞飞、黄彦东 | | | 上海合远 | 王烨华 | | | 参与单位名称及人员姓名 | 天风证券 | 唐婕 | | | | 渝富投资 | 胡杨 杨敏 | | | | 华泰证券 | 曹英婕 | | | | 中银基金 | 刘腾 | | | | 开源证券 | 徐正凤 | | | | 中金公司 | 张天怡、高亦安 | | | | 以及部分其他投资机构 | | | | 时间 | 2023年02月03日 | 10 ...

Group 1: Company Background and Shareholder Structure - The company began promoting state-owned enterprise reform in the 1990s, facing industry bottlenecks and a single shareholding structure [1] - The introduction of strategic investors diversified the shareholding structure and achieved a mixed ownership system [1] Group 2: Corporate Governance and Major Shareholders - After introducing strategic investors, the company transitioned from a state-controlled structure to a mixed-entity governance model [3] - Major shareholders maintain stable ownership ratios and support the management in governance and strategic development [3] Group 3: Impact of Reforms on Operations - The company is attentive to national reforms, including electricity system reforms, and seeks to integrate resources to improve operations [3] - Long-term benefits for operational performance are anticipated as electricity reforms deepen [3] Group 4: Strategic Transformation and Asset Structure Adjustment - The company is undergoing four major strategic transformations, including shifting from basic chlor-alkali chemicals to fine chemicals and diversifying into logistics and import-export trade [3] - The relocation of old factories is leveraged to effectively achieve industrial structure upgrades and optimize heavy asset structures [4] Group 5: Market Value Management - The company emphasizes market value management as a comprehensive and systematic effort to enhance performance and corporate value [4] - Efforts include improving brand image and facilitating transformation and upgrades to increase enterprise value [4]

Group 1: Industry Impact - The significant drop in crude oil prices has reduced the cost of PVC production via the ethylene method, providing a short-term competitive advantage, but the overall PVC industry is facing overcapacity issues, leading to a substantial decline in product prices, which negatively impacted the company's performance in 2014 [2][3]. Group 2: New Materials Project Progress - The new materials project is a key focus for the company, with the first phase progressing rapidly and production capacity gradually increasing. The current efforts are concentrated on expanding market channels and optimizing sales strategies, leveraging regional advantages for competitive positioning [3]. Group 3: Structural Adjustment - The company is accelerating its industrial structure adjustment in line with its transformation strategy, taking advantage of the old plant relocation to dispose of certain assets, effectively integrating resources, and focusing on developing new materials, fine chemicals, and high-end industries that can organically combine with the chlor-alkali industry to avoid redundant capacity [3]. Group 4: Yunnan Coal Mine and Carbon Electrode Project - The Yunnan coal mining industry is undergoing restructuring, and the company is actively promoting coal mine integration as per provincial government requirements. Additionally, efforts are being made to advance the recovery of the carbon electrode project [3]. Group 5: Use of Relocation Compensation Funds - The compensation funds from the old plant relocation will primarily be allocated to new materials, synthetic ruby, debt repayment, and working capital, aiming to optimize asset structure and moderately reduce the debt-to-asset ratio, laying a solid foundation for strategic transformation [4].

Group 1: Investor Relations Activities - The investor relations activity took place on January 7, 2020, at Tianyuan Group, with key personnel including the board secretary and securities representative [3] - Participants included representatives from various financial institutions such as Dongfang Securities and Taikang Insurance [2] Group 2: Project Developments - The chloride titanium dioxide project commenced in 2017 and entered trial operation in February 2019, successfully producing qualified titanium dioxide products [3] - The project has reduced technical risks and is gradually increasing the proportion of domestic raw materials to lower production costs [4] Group 3: Market Performance - Recent price adjustments for products included an increase of 1,000-2,000 RMB/ton domestically and 160-300 USD/ton for exports [4] - The company is expanding its market share in the battery materials sector, focusing on NCM523, NCM622, NCM811, and NCA products [4] Group 4: New Material Innovations - Tianyuan Group's subsidiary, Tianyi New Materials, is producing PVC series products, including LVT flooring, which has gained market acceptance [5] - The LVT flooring products are primarily exported to Canada, Australia, and the United States, with quality standards meeting European and American requirements [6] Group 5: Strategic Development - The company is aligning its strategies with the development of the Yibin region, enhancing its innovation-driven development strategy [5] - Efforts are being made to strengthen market presence through participation in large conferences and exhibitions, leading to increased product recognition [6]

Group 1: Company Overview - Beijing Dangsheng Materials Technology Co., Ltd. is listed under the stock code 002386, known as Tianyuan Group [1][2]. Group 2: Investor Relations Activity - The investor relations activity took place on May 24, 2019, at the Kempinski Hotel in Chengdu, Sichuan Province [2]. - Participants included representatives from various investment firms such as CITIC Construction Investment Co., Ltd. and Shenzhen Ruijusheng Investment Fund Co., Ltd. [2]. Group 3: Production and Project Updates - The company has successfully built a 50,000-ton annual production capacity for chlorination titanium dioxide, achieving qualified product output and meeting trial operation requirements [3]. - The chlorination titanium dioxide project is currently in trial operation, with plans to expand to an annual production capacity of 300,000 tons in the future [3]. - The project is expected to significantly impact the chlorination titanium dioxide industry, positioning the company as a key player [3]. Group 4: Cost and Production Concerns - Currently, the chlorination titanium dioxide project is in trial operation, and complete cost data has not yet been established [3]. - The project will consume chlorine, but the company has measures in place to ensure that this does not affect its PVC production [4]. Group 5: Technology and Market Position - The company has mitigated technology risks associated with its titanium dioxide project, which utilizes technology imported from the United States [4]. - The company has established a production capacity of 1.3 million tons for NCM523, NCM622, and NCM811 materials, aiming to expand its market presence [4].

Group 1: Company Overview - The company is Yibin Tianyuan Group Co., Ltd., with stock code 002386 [1] - The chairman, Luo Yun, introduced the company's overall situation and development strategy during the investor relations activity [2] Group 2: Project Advantages - The company has a unique integrated model for chloride slag treatment, addressing environmental challenges while achieving economic benefits [4] - A technology transfer agreement with BIC Company from the USA has been signed, bringing in mature chloride titanium dioxide technology and securing over ten related patents [4] - Subsidiaries provide essential support for the chloride titanium dioxide project, significantly reducing investment and labor costs [4] - The company has secured favorable electricity pricing policies at the project site, lowering electricity costs [4] Group 3: Resource and Production Updates - The Yunnan coal mine is a stable source of high-quality coal, suitable for advanced carbon materials [5] - The company plans to complete the preliminary design for a 300,000 tons/year coal mine expansion project by the end of 2018, with production expected to resume by 2020 [5] - Another coal mine expansion project is anticipated to resume production by the end of 2019 [5] Group 4: Lithium Battery Development - The company aims to develop a vertical lithium battery recycling industry chain, starting with lithium battery cathode materials [5] - An investment project for producing 20,000 tons/year of ternary cathode materials is underway, covering various product series [5] Group 5: Shareholder Support - The major shareholder, Yibin State-owned Assets Company, will not participate in the non-public offering but plans to provide guarantees of 1.5 billion yuan for the titanium dioxide and lithium battery projects [6]

Group 1: Investor Relations Activity Overview - The event was held on May 25, 2018, with over 20 investors participating through Huaxi Securities [1] - The activity was part of the "Practicing the Chinese Dream: Visiting Listed Companies" initiative [2] Group 2: Company Operations and Developments - Investors toured the company's new materials automated production line, showcasing high-end eco-friendly products [3] - The trial production of the ternary cathode material at Yibin Lithium Battery Materials Co., Ltd. commenced on May 24, 2018, with a planned annual capacity of 20,000 tons upon full completion [3] Group 3: Strategic Planning and Future Projects - The company is implementing a "300 billion transformation and upgrade development plan," focusing on fine chlorine-alkali chemicals and expanding into new materials and lithium battery materials [3] - The "One Body, Two Wings" strategy includes the development of titanium dioxide, PVC-O, LVT flooring, and lithium battery materials as key components of the transformation plan [3] Group 4: Mining Operations Update - The Yunnan Tianli Coal Chemical Co., Ltd. is accelerating the administrative approval process for coal mine reconstruction, with a technical transformation project expected to complete by the end of 2018 [4] - The Changneng Coal Mine technical transformation project is projected to resume production by the end of 2019, with an annual capacity increase of 300,000 tons [4]

Group 1: Production Capacity and Projects - The company has completed the first phase of the chlorination titanium dioxide project with an annual production capacity of 50,000 tons, and the second phase is under construction, expected to be completed by the end of July 2021 [2][3] - The company aims to enhance its market competitiveness by improving production capacity and product quality through the experience and technology accumulated from the first phase [3] Group 2: Raw Material Supply and Cost Management - The company is accelerating the localization of raw materials, aiming to increase the proportion of domestic raw materials while ensuring quality and reducing costs [3] - Collaboration is ongoing with domestic and foreign titanium ore companies to secure raw material supply through long-term agreements and potential investments [3] Group 3: Strategic Projects and Market Performance - Tianyi Company, a key strategic project, has seen significant market expansion, with profits doubling compared to 2019, and is expected to contribute positively to the company's overall performance [3] - The company signed a comprehensive strategic cooperation agreement with Yibin Lithium and CATL for the period 2021-2030, which is crucial for the development of the lithium battery industry [3] Group 4: Impact of Market Conditions - The company’s integrated supply chain for calcium carbide and chlor-alkali products mitigates the impact of rising calcium carbide prices, with over 80% of production needs met by its own supply base [4] - The company maintains a low energy consumption level for its main products, which helps sustain its position as an industry leader in energy efficiency [4]

Group 1: Company Overview and Strategic Development - The company was founded in 1944 by Wu Yunchu and is one of the earliest chlor-alkali chemical enterprises in China, with a long industrial cultural history [3] - The company adheres to a high-quality green development philosophy and has been exploring strategic emerging industries that align with its existing operations since the 13th Five-Year Plan [3] - The "One Body, Two Wings" strategy involves extending the chlor-alkali industry towards chlorinated titanium dioxide and new energy battery materials, leveraging over 70 years of chemical experience [3][4] Group 2: Project Progress and Cost Management - The first phase of the chlorinated titanium dioxide project is operating normally, while the second phase is under single-machine debugging, with production expected to start soon [4] - The project aims to reduce unit investment costs and enhance competitiveness through expanded capacity and domestic raw material supply [4] - The company is accelerating the domestic production of raw materials, with a subsidiary planning to establish a production facility for 75,000 tons of high-titanium slag annually [4] Group 3: New Energy Lithium Battery Materials - Yibin Lithium Battery currently has an annual capacity of 20,000 tons and is operating at full capacity, primarily serving major domestic battery manufacturers [4] - The company plans to increase capacity by an additional 10,000 tons by the end of the year and is preparing for capital expansion to support further growth [4] - Research and development efforts are focused on new products while monitoring advancements in lithium iron phosphate and sodium-ion battery technologies [4] Group 4: Employee Incentives and Reforms - The company has been selected for the "Tianfu State-owned Enterprise Comprehensive Reform Action" list and aims to enhance its incentive mechanisms [4] - Plans include establishing equity incentive mechanisms such as employee stock ownership and profit-sharing to boost operational vitality and market-oriented talent incentives [4]

Group 1: Project Operations and Sales - The first phase of the chlorination titanium dioxide project is operating well, with the second phase currently in debugging [3] - Domestic sales of chlorination titanium dioxide account for 65% of total production, while exports make up 35% [3] - A high-titanium slag project with an annual capacity of 75,000 tons is under construction, aiming for a self-sufficiency rate of 70% for titanium dioxide production [3] Group 2: Energy Efficiency and Environmental Policies - The company has been recognized as a benchmark for energy efficiency in polyvinyl chloride (PVC) and caustic soda, maintaining a leading position in energy consumption [3] - Initiatives include the creation of a "dual carbon" team to monitor national policies and prepare for environmental changes [3] - The company is transitioning towards green and clean industries, with a focus on energy conservation and environmental protection [3] Group 3: Production Capacity and Future Planning - The mid-term planning for ternary cathode materials has been increased from 100,000 tons to 150,000 tons [3] - Current expansion of 10,000 tons is in debugging, with an expected capacity of 30,000 tons by the end of the year; the remaining 120,000 tons will be constructed during the 14th Five-Year Plan [3] Group 4: Employee Incentives and Corporate Reforms - The company emphasizes the establishment of long-term mechanisms, including equity incentives, and is actively pursuing related reforms [4] - As a technology-driven enterprise, the company is part of the "Tianfu State-owned Enterprise Comprehensive Reform Action" and is advancing employee stock ownership plans [4]