广州天赐高新材料股份有限公司 章 程 （2026 年 1 月） 第 1页 /共 47页 | 1 | | --- | | M | | 第一节 | 股份发行 | | --- | --- | | 第二节 | 股份增减和回购 | | 第三节 | 股份转让 | | 第一节 | 股东 | | 第二节 | 股东会的一般规定 | | 第三节 | 股东会的召集 | | 第四节 | 股东会的提案与通知 | | 第五节 | 股东会的召开 | | 第六节 | 股东会的表决和决议 | | 第一节 | 董 事 | | 第二节 | 董事会 | | 第三节 | 董事会专门委员会 | | 第一节 | 总经理及副总经理 | | 第二节 | 董事会秘书 | | 第一节 | 财务会计制度 | | 第二节 | 内部审计 | | 第三节 | 会计师事务所的聘任 | | 第一节 | 通知 | | 第二节 | 公告 | | 第一节 | 合并、分立、增资和减资 | | 第二节 | 解散和清算 | | 第十一章 | 附 则 46 | 第一章 总 则 第一条 为维护广州天赐高新材料股份有限公司（以下简称"公司"）、股东、 职工和债权人的合法权益，规范公司的组织和 ...

天赐材料（002709） 证券代码：002709 证券简称：天赐材料 公告编号：2026-005 广州天赐高新材料股份有限公司 关于年产 30 万吨锂电池电解液改扩建和 10 万吨铁锂电池拆 解回收项目变更的公告 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。 广州天赐高新材料股份有限公司（以下简称"公司"）于 2026 年 1 月 5 日召 开了第六届董事会第四十次会议、审议通过了《关于年产 30 万吨锂电池电解液 改扩建和 10 万吨铁锂电池拆解回收项目变更的议案》，同意公司对年产 30 万吨 锂电池电解液改扩建和 10 万吨铁锂电池拆解回收项目的建设内容及投资额进行 变更，建设规模由原 30 万吨电解液及 10 万吨电池拆解回收调整为 25 万吨电解 液，变更后总投资不超过 6 亿元。本次变更事项不构成关联交易，也不构成《上 市公司重大资产重组管理办法》规定的重大资产重组。现将具体内容公告如下： 3、项目建设内容：年产25万吨电解液 一、项目投资概述 公司于2022年5月6日召开了第五届董事会第二十九次会议、第五届监事会第 二十二次会议，审议通过了《关于 ...

天赐材料（002709） （1）2025 年第二季度至第三季度，因 "天赐转债"转股，转股数量为 12,722 股，公司注册资本由 1,914,344,077 元变更为 1,914,356,799 元。 （2）2025 年 11 月 11 日，"天赐转债"触发有条件赎回条款，公司当日召 开第六届董事会第三十七次会议，审议通过了《关于提前赎回"天赐转债"的议 案》，董事会决定提前赎回于赎回登记日（2025 年 12 月 2 日）收市后在中国证 券登记结算有限责任公司深圳分公司登记在册的全部"天赐转债"。"天赐转债" 自 2025 年 11 月 27 日停止交易，自 2025 年 12 月 3 日停止转股，并于 2025 年 12 月 11 日起在深圳证券交易所摘牌。自 2025 年 10 月 1 日至 2025 年 12 月 3 日， "天赐转债"累计转股 119,534,788 股，公司注册资本由 1,914,356,799 元变更为 2,033,891,587 元。 证券代码：002709 证券简称：天赐材料 公告编号：2026-004 广州天赐高新材料股份有限公司 关于变更注册资本并修订《公司章程》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。 根据化工企业生产装置运行周期的要求，为保障后续液体六氟磷酸锂生产装 置正常运行和安全稳定生产，广州天赐高新材料股份有限公司（以下简称"公司"） 拟按照年度计划对部分基地液体六氟磷酸锂产线进行停产检修工作。 公司计划于 2026 年 3 月 1 日起，对龙山北基地年产 15 万吨液体六氟磷 酸锂产线进行停产检修，预计检修时间为 20 天至 30 天。针对此次停产检修，公 司已做好相关报批手续及材料准备，预计不会对公司经营情况造成较大影响。 公司将根据检修的实际情况，依照相关规定及时履行信息披露义务，敬请广 大投资者注意投资风险。 天赐材料（002709） 证券代码：002709 证券简称：天赐材料 公告编号：2026-007 广州天赐高新材料股份有限公司 关于液体六氟磷酸锂产线停产检修的公告 特此公告。 广州天赐高新材料股份有限公司董事会 2026 年 1 月 6 日 ...

天赐材料（002709） 证券代码：002709 证券简称：天赐材料 公告编号：2026-006 广州天赐高新材料股份有限公司 关于召开 2026 年第一次临时股东会通知的公告 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。 广州天赐高新材料股份有限公司（以下简称"公司"）2026年1月5日召开的 第六届董事会第四十次会议审议通过了《关于召开2026年第一次临时股东会的议 案》，决定于2026年1月21日（星期三）召开2026年第一次临时股东会，现将召开 本次股东会的有关安排公告如下： 一、召开会议的基本情况 1、股东会届次：2026年第一次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所 股票上市规则》《深圳证券交易所上市公司自律监管指引第1号——主板上市公司 规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规 定。 4、会议时间： （1）现场会议时间：2026年01月21日14:30 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2026 年 01 月 ...

天赐材料（002709） 证券代码：002709 证券简称：天赐材料 公告编号：2026-003 广州天赐高新材料股份有限公司 第六届董事会第四十次会议决议的公告 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。 2026 年 1 月 5 日，广州天赐高新材料股份有限公司（以下简称"公司"）第 六届董事会第四十次会议以通讯方式召开。会议通知已于 2025 年 12 月 31 日送 达各位董事及高级管理人员。应参加本次会议表决的董事 9 人，实际参加本次会 议表决的董事 9 人。本次会议的召集、召开程序均符合《中华人民共和国公司法》 和《公司章程》的规定。 本次董事会审议并通过了相关议案，形成决议如下： 2025 年 11 月 27 日停止交易，自 2025 年 12 月 3 日停止转股，并于 2025 年 12 月 11 日起在深圳证券交易所摘牌。自 2025 年 10 月 1 日至 2025 年 12 月 3 日， "天赐转债"累计转股 119,534,788 股，公司注册资本由 1,914,356,799 元变更为 2,033,891,587 元。 根据上述 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company [3]. Core Insights - The company is expected to achieve a net profit of approximately 1.1 to 1.6 billion yuan in Q4 2025, representing a year-on-year growth of 127% to 230% [1][7]. - The company has established itself as a leader in the electrolyte, lithium hexafluorophosphate, and LiFSI markets, with a strong integrated supply chain that enhances its competitive advantage [1][11]. - The recent surge in prices for lithium hexafluorophosphate and other raw materials has positively impacted the company's profitability, indicating a significant earnings rebound [1][28]. - The company is actively expanding its lithium battery materials platform, with a focus on solid-state battery materials and iron-lithium cathodes, which are expected to enhance its market position [1][34]. Financial Data and Valuation - The company forecasts total revenue of 16.76 billion yuan for 2025, with a year-on-year growth of 33.9% [48]. - The projected net profit for 2025 is approximately 1.35 billion yuan, with a significant increase in profitability expected in subsequent years [48]. - The company has a total market capitalization of 94.2 billion yuan and a circulating market value of 69.7 billion yuan [3]. Business Performance - In Q4 2025, the company anticipates an electrolyte shipment volume of about 220,000 tons, reflecting a year-on-year increase of 38% [8]. - The profitability of the electrolyte business is expected to improve significantly, with estimated profits per ton reaching approximately 4,000 yuan, a substantial increase from previous quarters [8][28]. - The company has secured long-term supply agreements with major clients, including CATL and Tesla, ensuring stable demand for its products [12][47]. Market Dynamics - The report highlights the successful transmission of price increases from lithium hexafluorophosphate to electrolyte products, indicating a robust pricing mechanism within the supply chain [28]. - The company is positioned to benefit from the rising demand for lithium battery materials, driven by the growth of the electric vehicle market and energy storage solutions [1][47]. Strategic Developments - The company is focusing on the development of solid-state electrolytes, with ongoing innovations aimed at improving product performance and reducing costs [34][45]. - The integration of upstream resources and recycling capabilities is expected to further enhance the company's cost advantages and sustainability efforts [11][45].

Investment Rating - The report assigns an "Accumulate-A" investment rating to the company, with a target price of 52.65 CNY for the next six months [5]. Core Insights - The company is expected to achieve a net profit of 1.1 to 1.6 billion CNY in 2025, representing a year-on-year increase of 127% to 231% [1]. - The price of lithium hexafluorophosphate has increased significantly, from approximately 50,000 CNY/ton in July 2025 to 160,000 CNY/ton, a rise of 220%, benefiting the company as a leading electrolyte producer [2]. - The supply of lithium hexafluorophosphate is expected to remain cautious in the short term, with prices likely to rise further in 2026 due to strong demand outpacing supply growth [3]. Financial Projections - Revenue growth rates for the company are projected at 40% for 2025, 87% for 2026, and 16% for 2027, while net profit growth rates are expected to be 185%, 418%, and 7% respectively [4]. - The estimated earnings per share (EPS) for 2026 is projected to be 3.51 CNY, with a price-to-earnings (PE) ratio of 15 times [4]. - The company's total revenue is forecasted to reach 32.89 billion CNY in 2026, with a net profit of 7.13 billion CNY [10].

Core Viewpoint - The article highlights the significant rebound in Tianqi Materials' performance, with a projected net profit for 2025 between 1.1 billion and 1.6 billion yuan, representing a year-on-year growth of approximately 127.31% to 230.63% [2] Group 1: Financial Performance - Tianqi Materials expects a net profit of approximately 1.1 billion to 1.6 billion yuan for 2025, which is a substantial increase compared to the 480 million yuan net profit in 2024 [2] - The company's Q1 2025 revenue was about 3.49 billion yuan, a year-on-year increase of approximately 41.6%, with a net profit of around 150 million yuan, up 30.8% [3] - For the first half of 2025, revenue reached approximately 7.03 billion yuan, a 29% increase year-on-year, with a net profit of 268 million yuan, reflecting a 12.79% growth [3] Group 2: Market Dynamics and Strategy - The growth in Tianqi Materials' performance is attributed to the increasing demand in the new energy vehicle and energy storage markets, along with effective capacity ramp-up and cost control [3] - The company has secured large-scale orders from several key players in the industry, including a production target of 2.9 million tons, with expected revenue of around 50 billion yuan [5] - The price of lithium hexafluorophosphate has doubled since July, positively impacting the prices of electrolytes, which rose from 20,000 yuan per ton to over 30,000 yuan per ton [5] Group 3: Technological Advancements - Tianqi Materials has invested significantly in R&D, with expenses reaching 660 million yuan in 2024, accounting for about 5% of revenue, and the number of R&D personnel exceeding 700, a growth of over 25% [4] - The company has developed proprietary technologies, including the ability to produce lithium hexafluorophosphate in-house and advancements in liquid production technology, which streamline the manufacturing process [6] - Tianqi is also preparing for future trends in solid-state batteries, with plans to achieve a production capacity of 1,000 tons by 2026 [6] Group 4: Global Expansion - The company is expanding its production capacity overseas, with projects in Morocco and the United States underway [7] - Tianqi Materials aims to deepen its global strategy, focusing on markets in North America, Europe, and Southeast Asia [8]

Core Viewpoint - Today, 11 stocks received buy ratings from institutions, with Tian Ci Materials having its rating upgraded and Min Sida and China National Foreign Trade being newly covered by institutions [1] Group 1: Institutional Ratings - A total of 13 buy ratings were issued today, covering 11 stocks, with Tian Ci Materials and Guizhou Moutai receiving the highest attention, each having 2 buy ratings [1] - Among the stocks rated, 6 provided future target prices, with 5 stocks showing an upside potential exceeding 20%. Guizhou Moutai has the highest upside potential at 82.33%, with a target price of 2600.00 yuan set by Huachuang Securities [1][2] - Other stocks with significant upside potential include Qibin Group and Shiji Information, with upside potentials of 73.03% and 30.30% respectively [1] Group 2: Market Performance - The average increase for stocks with buy ratings today was 2.96%, outperforming the Shanghai Composite Index. Ten stocks saw price increases, with Min Sida, Qibin Group, and Shiji Information leading the gains at 8.72%, 5.06%, and 4.52% respectively [1] Group 3: Individual Stock Ratings - Guizhou Moutai received a strong buy rating from Huachuang Securities with a target price of 2600.00 yuan and a latest closing price of 1426.00 yuan [2] - Min Sida was rated as "Increase" by GF Securities with a target price of 54.34 yuan and a latest closing price of 44.49 yuan [2] - Tian Ci Materials received buy ratings from both CITIC Securities and Western Securities, with a latest closing price of 48.04 yuan [2]