天赐材料（002709） 广州天赐高新材料股份有限公司 关于开立募集资金现金管理专用结算账户并签订募集资金监 管协议的公告 证券代码：002709 证券简称：天赐材料 公告编号：2026-016 天赐材料（002709） 公司、浙江天赐高新材料有限公司与中国民生银行股份有限公司广州分行、 中国国际金融股份有限公司签署《募集资金现金管理专用结算账户监管协议》。 甲方 1：广州天赐高新材料股份有限公司（以下简称"甲方 1"） 甲方 2：浙江天赐高新材料有限公司（以下简称"甲方 2"，与"甲方 1"合 称"甲方"） 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 7 日召 开第六届董事会第四十一次会议审议通过了《关于使用部分闲置募集资金进行现 金管理的议案》，同意公司在确保不影响募集资金投资计划正常进行的情况下， 使用部分闲置募集资金购买安全性高、流动性好、满足保本要求的理财产品或存 款类产品。闲置募集资金的使用额度不超过人民币 6 亿元，在上述额度范围内， 资金可以滚动使用，期限不超过 12 个月，公司将视募集资金闲置情况合理开展现 金 管 理 。 具 体 内 容 详 见 公 司 于 2 ...

证券代码：002709 证券简称：天赐材料 公告编号：2026-017 广州天赐高新材料股份有限公司 关于为子公司提供担保的公告 天赐材料（002709） 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、担保情况概述 广州天赐高新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 11 日召 开第六届董事会第三十一次会议、2025 年 5 月 8 日召开 2024 年度股东大会审议 通过了《关于 2025 年度向子公司提供担保额度的议案》。根据子公司的生产经营 和资金需求情况，公司为子公司的银行融资及项下债务、供应商申请信用账期等 业务提供担保，该等形式提供担保的总额不超过人民币 65 亿元，其中对资产负 债率 70%以下的子公司总担保额度不超过人民币 50 亿元，对资产负债率 70%以 上的子公司担保额度为不超过人民币 15 亿元，财务部可根据各公司资金需求情 况及各银行业务特点做适当调整。 2026 年 1 月 19 日，公司与上海浦东发展银行股份有限公司九江分行签订了 《最高额保证合同》，公司为九江天赐高新材料有限公司（以下简称"九江天赐" ...

Group 1 - The article discusses various investment themes including robotics, new energy, AI computing power, and anti-involution [1] - Companies mentioned with their respective stock performance include Wanhua Chemical at 10.22%, Juhua Co. at 3.68%, and Tianqi Lithium at 6.34% [1] - The article highlights the significance of materials such as PEEK and various chemical products like refrigerants and fluorochemicals in the current market [1]

Core Viewpoint - The announcement details the completion of the stock option incentive plan for 2024 by Guangzhou Tinci Materials Technology Co., Ltd, including the approval process, adjustments to the incentive object list, and the registration of reserved stock options. Group 1: Decision Process and Approval - On December 11, 2024, the company's board approved the stock option incentive plan and related proposals, which were also verified by the supervisory board [1] - The initial list of incentive objects was publicly announced from December 13 to December 22, 2024, with no objections received during the public notice period [2] - The second extraordinary general meeting on December 30, 2024, approved the incentive plan, granting the board authority to determine the grant date and manage related matters [3] Group 2: Adjustments and Registration - On December 30, 2024, adjustments were made to the initial list of incentive objects, reducing the number of recipients from 901 to 893 and the total number of options from 15.1985 million to 15.0935 million [4] - The registration of the first grant of stock options was completed on January 17, 2025, with a total of 1.5399 million options reserved for 311 individuals [4][5] Group 3: Stock Option Details - The grant date for the reserved stock options is set for December 9, 2025, with a total of 1.5399 million options granted at an exercise price of 16.64 yuan per option [5] - The stock options are sourced from the company's A-share ordinary stock, and the total number of options granted to any individual cannot exceed 1% of the company's total share capital [5] Group 4: Performance Assessment Requirements - The performance assessment for the incentive plan will be conducted over two fiscal years (2026-2027), with annual evaluations determining the exercise ratio based on company performance [8] - Department-level assessments will be based on the overall performance of each department, while individual assessments will be conducted according to departmental performance and individual contributions [10][12] Group 5: Financial Impact and Valuation - The fair value of the stock options will be calculated using the Black-Scholes model, with parameters including a stock price of 39.96 yuan per share and a historical volatility of approximately 19.48% [15][16] - The estimated costs associated with the stock options will be recognized in the company's regular profits and losses, with a minimal impact on net profit anticipated, considering the potential positive effects on company performance [16]

Group 1: Ctrip Investigation - Ctrip Group is under investigation for alleged monopolistic behavior by the State Administration for Market Regulation, based on the Anti-Monopoly Law of the People's Republic of China [1] - Following the announcement, Ctrip's stock fell significantly, with a 6.49% drop in Hong Kong shares and a 17% decline in U.S. shares, leading to a market value loss exceeding 100 billion RMB [1] Group 2: Battery Recycling Regulations - China is entering a phase of large-scale retirement of power batteries, with projections indicating that over 1 million tons of waste batteries will be generated by 2030 [2] - The newly released management measures aim to regulate the recycling and utilization of power batteries, emphasizing the importance of legal frameworks to prevent environmental pollution and resource wastage [2] Group 3: Weather and Climate - The World Meteorological Organization confirmed that 2025 is projected to be one of the hottest years on record, with the past 11 years being the hottest ever recorded [3] - The average temperature from 2023 to 2025 is expected to be 1.48°C higher than pre-industrial levels, indicating a persistent trend of global warming [3] Group 4: JuShi Chemical Penalty - JuShi Chemical has been penalized 6.7 million RMB for inflating revenue, costs, and profits through false trade activities, with significant impacts on their financial statements [4] - The inflated revenue amounted to 157 million RMB, representing 8.32% of total revenue for the first half of 2023 [4] Group 5: Perfect World Corruption Case - Perfect World reported that three art department heads were detained for corruption, with ongoing investigations revealing multiple cases of employee misconduct [5] - The company has filed reports with law enforcement regarding these incidents, which involve employees colluding with suppliers [5] Group 6: TianCi Materials Legal Judgment - TianCi Materials' subsidiary received a criminal judgment for commercial secret infringement, resulting in a fine of 20 million RMB for the company and prison sentences for involved individuals [6] - The judgment highlights the legal risks associated with commercial secret violations in the industry [6] Group 7: XinNing Logistics Lawsuit - XinNing Logistics has filed a lawsuit against Zhuhai Guanyu, seeking compensation of 64.5264 million RMB for damages caused by a fire linked to Guanyu's lithium batteries [7] - The case has been accepted by the court, but the impact on the company's profits remains uncertain [7]

Group 1 - Ctrip Group is under investigation for alleged monopolistic behavior, leading to a significant market reaction with a stock drop of 6.49% in Hong Kong and 17% in the US, resulting in a market value loss exceeding 100 billion RMB [2] - The Chinese government is set to enter a phase of large-scale retirement of power batteries, with projections indicating that over 1 million tons of waste batteries will be generated by 2030, necessitating effective recycling and management measures [3] - The World Meteorological Organization has confirmed that 2025 will be one of the hottest years on record, with the past 11 years being the hottest ever recorded, indicating a persistent trend of global warming [4][5] Group 2 - JuShi Chemical has been penalized 6.7 million RMB for inflating revenue, costs, and profits through false trading activities, with significant impacts on its financial statements [6] - Perfect World announced that three art department heads have been detained for corruption, with ongoing investigations into employee and supplier collusion affecting company interests [7] - TianCi Materials' subsidiary received a criminal judgment for commercial secret infringement, resulting in substantial fines and prison sentences for the involved parties [8] - XinNing Logistics has filed a lawsuit against Zhuhai Guanyu for compensation of 64.52 million RMB due to damages from a fire incident linked to the company's lithium batteries [9]

天赐材料（002709） 证券代码：002709 证券简称：天赐材料 公告编号：2026-015 广州天赐高新材料股份有限公司 关于 2024 年股票期权激励计划预留授予登记完成的公告 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。 重要内容提示： 根据中国证监会《上市公司股权激励管理办法》、深圳证券交易所、中国证 券登记结算有限责任公司深圳分公司的有关规定，广州天赐高新材料股份有限公 司（以下简称"公司"或"天赐材料"）完成了 2024 年股票期权激励计划（以下简称 "本激励计划"）预留授予股票期权登记工作，现将具体情况公告如下： 一、股权激励计划的决策程序和批准情况 （一）2024 年 12 月 11 日，公司第六届董事会第二十四次会议审议通过了《关 于公司<2024 年股票期权激励计划（草案）>及摘要的议案》、《关于公司<2024 年股票期权激励计划实施考核管理办法>的议案》以及《关于提请公司股东大会授 权董事会办理 2024 年股票期权激励计划相关事宜的议案》，公司第六届监事会第 十九次会议审议通过了上述议案并对本次股权激励计划的激励对象名单进行核实。 ...

Core Viewpoint - The lithium battery industry is entering a new cyclical growth phase in 2026, characterized by strong demand recovery, accelerated global expansion, and disruptive technological iterations, leading to a "spiral rise" in both quantity and price [3]. Group 1: Market Outlook - Global lithium battery production is projected to reach 2250 GWh by 2025, with a growth rate of 30% in 2026, and the energy storage sector is expected to grow at an impressive rate of 48.3% [5]. - The demand surge is expected to significantly impact the supply of battery cells and four major upstream materials, highlighting a potential supply gap in the future [5]. Group 2: Conference Details - The 2026 Lithium Key Materials and Application Market Summit will be held on March 19-20, 2026, in Changzhou, Jiangsu, organized by Xinluo Information [4]. - The summit will focus on three core topics: in-depth discussions on cutting-edge technologies and market supply-demand dynamics, the announcement of the "Top Ten Lithium Material Brands of 2025," and B2B procurement matchmaking [5][6][7]. Group 3: Key Topics and Speakers - The main forum will cover topics such as the outlook for lithium ore resource supply, operational strategies for lithium carbonate in the current market environment, and advancements in high-energy-density power battery technology [9]. - Sub-forums will address the current status and development trends of key materials for power batteries, solid-state battery industry trends, and the optimization of revenue structures for energy storage projects under policy empowerment [11].

Core Viewpoint - The AI Fund, China New Energy Theme Mixed Fund A, reported a profit of 25.99 thousand yuan for Q4 2025, with a net asset value growth rate of 2.33% and a fund size of 11.4381 million yuan as of the end of Q4 2025 [3] Group 1: Lithium Battery Industry Outlook - The fund manager anticipates an improvement in supply and demand within the lithium battery industry over the next year, driven by a growing demand for energy storage, which now accounts for over 30% of total lithium battery demand [3] - Factors contributing to this demand include the maturation of domestic independent energy storage business models, continued growth in overseas energy storage, and the demand from AI data centers in the U.S. [3] - On the supply side, the expansion capacity and willingness in the upstream resources and midstream materials of lithium may be limited due to a prolonged period of declining profits over the past three years [3] - The industry is expected to enter a profit-up cycle, particularly in segments with hard supply gaps, such as lithium hexafluorophosphate and lithium ore, which may exhibit significant price and profit elasticity [3] Group 2: Power Supply and Equipment Demand - Domestic power supply and equipment are likely to benefit from global electricity supply bottlenecks, driven by large-scale construction of AI data centers and re-industrialization [4] - The demand for flexible power sources (e.g., gas turbines, energy storage systems) and electrical equipment (e.g., transformers) is expected to rise due to challenges in global electricity supply [4] - As overall power generation shifts from low-speed growth to rapid development, domestic companies may leverage capacity support, responsiveness, and cost advantages to penetrate the global supply chain and achieve rapid profit growth [4] Group 3: Solid-State Battery Technology - Solid-state batteries are recognized as a long-term important direction for lithium battery iteration, despite recent stock performance not outperforming benchmarks due to the lengthy industrialization cycle and potential short-term setbacks [4] - The solid-state battery sector is viewed as a long-term trend with significant growth potential, with leading domestic and international battery manufacturers increasing R&D investments in this area [4] - There may be opportunities for new companies to emerge in the equipment and materials segments as the industry grows, and the fund is considering increasing its focus and allocation towards solid-state battery technology [4] Group 4: Fund Holdings Concentration - As of the end of Q4 2025, the fund has a high concentration of holdings, with the top ten stocks including Yangguang Electric, CATL, Yahua Group, Kodali, Zhongmin Resources, Tianci Materials, Guocheng Mining, Fosptech, Zhenhua Co., and Siyuan Electric [4]

Group 1 - The core viewpoint of the article is that the lithium battery electrolyte market in China is expected to see significant growth, with a projected shipment of 211 tons in 2025, representing a year-on-year increase of 45.3% [2] - The market concentration is increasing, with the CR10 reaching 89.7%, indicating that the leading companies are solidifying their positions in the industry [2] - The growth in shipments is primarily driven by the demand for power batteries and energy storage batteries [2] Group 2 - The top 10 companies in the lithium battery electrolyte shipment for 2025 are: Tianqi Materials, Xinzhou Bang, Kunlun New Materials, Shida Shenghua, Zhuhai Saiwei, Sinochem Blue Sky, Ruitai New Materials, Fainlight, Yongtai Technology, and New Asia Shanshan [3] - Tianqi Materials is identified as the industry leader in this segment [3] - The report is published by Qidian Research Institute SPIR, which specializes in the new energy and new materials industry chain [4]