Focus 1: Jianlong Micro-Nano (688357) - The company has terminated the planning of a major asset restructuring, which was intended to acquire at least 51% of Shanghai Hanxing Energy Technology Co., Ltd. through cash payment for equity [1] Focus 2: Industrial Fulian - The company has adjusted the maximum repurchase price for its shares from 19.36 yuan per share to 75.00 yuan per share, reflecting confidence in its future development and market conditions [2] Focus 3: *ST Dongtong - The company received a prior notice from the Shenzhen Stock Exchange regarding the proposed termination of its stock listing [3] Focus 4: Fundraising & Restructuring - Aolaide plans to raise up to 299.71 million yuan through a simplified procedure for issuing shares to specific targets, with proceeds allocated for OLED display core material production and working capital [4] - Maigemi has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific targets, meeting all necessary conditions [4] - Su Yan Jingshen has also received approval for its share issuance application, pending final registration with the China Securities Regulatory Commission [4] Focus 5: Important Matters - Baiao Chemical's major shareholders are transferring a total of 10% of the company's shares to Liu Hongjun, resulting in him holding 10% of the total share capital post-transfer [5][6] - Zhejiang Pharmaceutical is planning to spin off its subsidiary for a listing on the Hong Kong Stock Exchange, which will not affect its control over the subsidiary [6] - Huafeng Aluminum is acquiring 100% of Shanghai Huafeng Puen Polyurethane Co., Ltd. for 100.06 million yuan, which will enhance its operational efficiency and market competitiveness [7] Focus 6: New Investments - Fuda Co. is establishing a wholly-owned subsidiary with an investment of 30 million yuan to enhance its forging business and related manufacturing capabilities [8] - Jianghai Co. is forming a joint venture to establish an innovation research institute with a registered capital of 50 million yuan, focusing on strategic technology research [9][10] Focus 7: Capital Market Activities - Zhongshan Bank has issued 60 billion yuan of subordinated debt with a fixed interest rate of 2.16% for a term of 10 years [17] - China Iron and Steel Group plans to increase its stake in China Iron and Steel Co. by investing between 65 million and 130 million yuan over the next six months [18]

Core Viewpoint - Tianyuan Co., Ltd. announced the suspension of its subsidiary, Mabi Wuqiong Mining Co., Ltd.'s phosphorus chemical plant on December 19, 2023, and plans to transfer its 25,000 tons/year yellow phosphorus production capacity at a base price of 24.79 million yuan through a public listing [1] Group 1 - The yellow phosphorus production capacity of 25,000 tons/year will be publicly listed for transfer at a base price of 24.79 million yuan [1] - Sichuan Hebang Biotechnology Co., Ltd. was determined as the buyer through dynamic bidding at the Southwest United Property Rights Exchange [1] - The transaction contract was signed on November 25, 2025, with a total transaction amount of 185.29 million yuan (including tax) [1]

（文章来源：每日经济新闻） 每经AI快讯，11月26日，天原股份(002386.SZ)公告称，公司以转让底价2479万元，通过在西南联合产 权交易所公开挂牌的方式，对2.5万吨/年黄磷产能指标进行转让，最终确定四川和邦生物科技股份有限 公司为受让方，成交金额为18529万元（含税）。但该交易还需取得马边县对无穷矿业黄磷产能退出的 公示，才能完成交割；若不能取得，交易合同解除，无穷矿业需全额无息退还交易价款。 ...

天原集团公告称，下属子公司无穷矿业磷化工厂于2023年12月19日停产。为盘活闲置无形资产，公司对 2.5万吨/年黄磷产能指标公开挂牌转让。最终确定和邦生物为受让方，2025年11月25日无穷矿业与其签 订《产权交易合同》，成交金额1.85亿元（含税），和邦生物将在合同生效5个工作日内付款。不过， 转让还需取得马边县对无穷矿业黄磷产能退出公示才能完成交割，存在不确定性。 ...

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。 | 证券代码：002386 | 证券简称：天原股份 公告编号：2025-069 | | --- | --- | | 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产能指标转让的进展公告 宜宾天原集团股份有限公司 一、交易概述 董事会 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）。 三、风险提示 根据《产权交易合同》约定，本次产能指标的转让还需取得马边 县对无穷矿业黄磷产能退出公示才能完成此次标的交割。若无穷矿业 不能取得产能退出公示则本交易合同解除，无穷矿业以合同解除之日 起 30 日内全额无息退还交易价款，因此该事项尚存在不确定性。公 司将根据后续工作进展及时履行信息披露义务，敬请广大投资者注意 投资风险。 特此公告。 为盘活闲 ...

Group 1 - The titanium dioxide concept sector experienced a decline of 7.12%, ranking among the top losers in the market [1][2] - Notable stocks within the titanium dioxide sector that faced significant declines include Guocheng Mining, which hit the daily limit down, and Jinpu Titanium Industry, Huiyun Titanium Industry, and Tianyuan Co., which also saw substantial drops [1][2] - The sector saw a net outflow of 376 million yuan from major funds, with 13 stocks experiencing net outflows, and 8 of those exceeding 10 million yuan [2] Group 2 - The stock with the highest net outflow was Zhenhua Co., with a net outflow of 128.44 million yuan, followed by Vanadium Titanium Co. and Titanium Chemical Co. with net outflows of 71.60 million yuan and 56.35 million yuan, respectively [2] - The top losers in the titanium dioxide concept included Zhenhua Co. (-7.37%), Vanadium Titanium Co. (-6.23%), and Titanium Chemical Co. (-8.56%) [2] - Other notable declines were observed in Tianyuan Co. (-9.44%) and Guocheng Mining (-9.98%), indicating a widespread downturn in the sector [2]

Core Viewpoint - Tianyuan Co., Ltd. (002386) reported that as of November 10, 2025, the number of its shareholders is approximately 58,100 [1] Summary by Categories - **Company Information** - Tianyuan Co., Ltd. has approximately 58,100 shareholders as of the specified date [1]

Core Viewpoint - Tianyuan Co., Ltd. (002386) clarified on November 19 that the company does not produce electrolyte products [1] Company Summary - Tianyuan Co., Ltd. responded to investor inquiries on an interactive platform, confirming the absence of electrolyte product manufacturing [1]

Group 1 - The core viewpoint of the article is that Tianyuan Co., Ltd. (002386) is actively involved in the development of lithium iron phosphate cathode materials for energy storage and solid-state batteries [1] - The company is currently conducting pilot tests for its anode materials [1] - A significant associated company, Yibin Lithium Treasure, produces ternary cathode materials that can also be utilized in solid-state batteries [1]

Core Viewpoint - Tianyuan Co., Ltd. stated on November 19 that it currently has no undisclosed information that should be disclosed, and any related plans will be announced in strict accordance with information disclosure requirements [2] Company Information - The company is committed to adhering to information disclosure regulations and will provide timely announcements if there are any relevant plans in the future [2]