天赐材料（002709） | 证券代码：002709 | 证券简称：天赐材料 | 公告编号：2024-087 | | --- | --- | --- | | 转债代码：127073 | 转债简称：天赐转债 | | 广州天赐高新材料股份有限公司 关于首次回购公司股份的公告 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 2024 年 11 月 14 日 召开的第六届董事会第二十三次会议、第六届监事会第十八次会议审议通过了 《关于回购公司股份方案的议案》，同意公司以自有资金和自筹资金（含商业银 行回购专项贷款等）通过集中竞价交易方式回购部分公司股票，并将该回购股票 用于后期公司管理层和核心骨干员工实施股权激励或员工持股计划。回购总金额 不低于人民币 1.20 亿元（含）且不超过人民币 1.60 亿元（含），回购价格不超过 人民币 25 元/股（含）,实施期限为董事会审议通过回购股份方案之日起 12 个月 内。具体内容详见公司于 2024 年 11 月 15 日在巨潮资讯网披露的《关于回购公 司股份方案的公告》（公 ...

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： ●广州天赐高新材料股份有限公司（以下简称"公司"） 拟以自有资金 和自筹资金（含商业银行回购专项贷款等）通过集中竞价交易方式回购部分 公司股票。实施回购方案的主要内容：本次回购股份将全部用于实施股权激 励计划或员工持股计划，法定期间未使用部分公司将履行相关程序予以注销 并减少注册资本。本次回购使用资金不超过人民币1.60亿元（含），不低于 人民币1.20亿元（含），回购股份的价格不超过25元/股（含），若按回购金 额上限人民币1.60亿元测算，预计回购股份数量不超过640万股，约占公司目 前已发行总股本的0.3335%；按回购金额下限人民币1.20亿元测算，预计回购 股份数量不低于480万股，约占公司目前已发行总股本的0.2502%，具体回购 股份的数量以回购期满时实际回购的股份数量为准。本次回购的实施期限为 自董事会审议通过回购股份方案之日起12个月内。 ●本次回购事项已经公司第六届董事会第二十三次会议和第六届监事会 第十八次会议审议通过，且出席本次董事会董事人数超过董事会成员的三分 之二，根据 ...

天赐材料（002709） | 序号 | 股东名称 | 持股数量（股） | 占股份总数的比 例（%） | | --- | --- | --- | --- | | 9 | 招商银行股份有限公司－泉果旭源三年持有期 | 19,863,388 | 1.04 | | | 混合型证券投资基金 | | | | 10 | 中国建设银行股份有限公司－易方达沪深 300 | 14,124,700 | 0.74 | | | 交易型开放式指数发起式证券投资基金 | | | 二、前十名无限售条件股东持股情况 | 序号 | 股东名称 | 持股数量（股） | 占无限售条件股 份总数的比例 | | --- | --- | --- | --- | | | | | （%） | | 1 | 徐金富 | 174,667,023 | 12.61 | | 2 | 香港中央结算有限公司 | 60,254,763 | 4.35 | | 3 | 林飞 | 32,786,972 | 2.37 | | 4 | 万向一二三股份公司 | 30,500,097 | 2.20 | | 5 | 李兴华 | 26,893,120 | 1.94 | | 6 | 徐金林 | 2 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a Q3 2024 revenue of 3.413 billion yuan, a year-on-year decline of 17.52% but a quarter-on-quarter increase of 14.26%. The net profit attributable to the parent company was 101 million yuan, down 78.25% year-on-year and down 18.15% quarter-on-quarter, which is in line with expectations [6][7]. - The Q3 electrolyte shipments continued to grow, and the sales of lithium salts increased, with the combined shipment growth rate outperforming the industry average. The profitability remained stable, primarily driven by the electrolyte business and lithium salt sales [6][7]. - Looking ahead, Q4 electrolyte shipments are expected to remain stable or slightly increase, with continuous growth anticipated for the year. The company is expected to improve its operational efficiency and profitability, with a potential turning point in profitability for lithium hexafluorophosphate and electrolytes by mid-next year [7]. Financial Summary - For 2024 and 2025, the net profit attributable to the parent company is projected to be 500 million yuan and 1.3 billion yuan, respectively, corresponding to price-to-earnings ratios of 90 times and 35 times [7]. - The current stock price is 23.62 yuan, with a total share capital of 191.882 million shares and a net asset per share of 6.75 yuan [9]. - The company’s revenue for 2023 is estimated at 15.405 billion yuan, with a projected revenue of 13.864 billion yuan for 2024 [18].

天赐材料（002709） | 证券代码：002709 | 证券简称：天赐材料 | 公告编号：2024-084 | | --- | --- | --- | | 转债代码：127073 | 转债简称：天赐转债 | | 广州天赐高新材料股份有限公司 关于回购公司股份方案的公告 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： 一、回购方案基本情况 1、拟回购金额：不低于人民币1.20亿元（含），不超过人民币1.60亿元 （含）。 2、回购价格：不超过人民币25元/股。 8、资金来源：自有资金和自筹资金（含商业银行回购专项贷款等）。 二、相关风险提示 天赐材料（002709） 1、若回购期限内公司股票价格持续超出回购方案披露的价格上限，将导致 回购方案无法实施或只能部分实施的风险； 2、若发生对公司股票交易价格产生重大影响的重大事项或公司董事会决定 终止本次回购方案等事项，则存在回购方案无法顺利实施的风险； 3、回购数量：在回购股份价格不超过人民币25元/股的条件下，按回购金 额上限人民币1.60亿元测算，预计回购股份数量不超过640万股，约占公司目 前 ...

天赐材料（002709） | 证券代码：002709 | 证券简称：天赐材料 | 公告编号：2024-083 | | --- | --- | --- | | 转债代码：127073 | 转债简称：天赐转债 | | 2024 年 11 月 14 日，广州天赐高新材料股份有限公司（以下称"公司"）第六 届监事会第十八次会议以通讯方式召开。应参加本次会议表决的监事 3 人，实际 参加本次会议表决的监事 3 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。 本次监事会审议并通过了相关议案，并形成决议如下： 审议通过了《关于回购公司股份方案的议案》 经核查，监事会认为，公司本次回购股份方案符合《中华人民共和国公司法》 《中华人民共和国证券法》《上市公司股份回购规则》《深圳证券交易所上市公司 自律监管指引第 9 号——回购股份》及《公司章程》等相关规定。根据公司实际 经营及未来发展情况考虑，回购股份不会对公司的经营、盈利能力、财务、研发、 债务履行能力、未来发展产生重大影响。回购股份后不会导致公司控制权发生变 化，不会改变公司的上市公司地位，股权分布情况仍符合上市的条件。公司回购 股份有 ...

天赐材料（002709） | 证券代码：002709 | 证券简称：天赐材料 | 公告编号：2024-082 | | --- | --- | --- | | 转债代码：127073 | 转债简称：天赐转债 | | 广州天赐高新材料股份有限公司 第六届董事会第二十三次会议决议的公告 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。 2024 年 11 月 14 日，广州天赐高新材料股份有限公司（以下简称"公司"）第 六届董事会第二十三次会议以通讯方式召开。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。 购股份的具体方案； 2、如监管部门对于回购股份的政策发生变化或市场条件发生变化，除涉及 有关法律、法规及《公司章程》规定须由董事会重新表决的事项外，授权管理层 依据市场条件、股价表现、公司实际情况等综合决定继续实施、调整或者终止本 次回购股份方案； 3、决定聘请相关中介机构（如需要）； 4、办理相关报批事宜，包括但不限于授权、签署、执行、修改、完成与本 次回购股票 ...

证券时报网讯，统计显示，11月13日有75只个股获机构买入型评级。 其中，天赐材料关注度最高，获2次机构买入型评级；一心堂、木林森、东方财富、迈瑞医疗、重庆啤 酒、均胜电子等股均获1次机构买入型评级。 校对：赵燕 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase in stock price of over 15% compared to the CSI 300 index in the next six months [6][7]. Core Views - The company reported a significant increase in electrolyte shipment volume, with a quarter-on-quarter growth of approximately 20%, leading to an estimated shipment of 136,000 tons in Q3 2024 [2]. - The company's Q3 revenue was 3.413 billion yuan, a year-on-year decrease of 17.52%, while the net profit attributable to shareholders was 101 million yuan, down 78.25% year-on-year [2]. - The report anticipates that the company's Q4 electrolyte and lithium salt shipment volumes will remain stable, with profitability expected to be maintained [2]. - The report highlights a substantial increase in phosphate iron sales, with a projected 40% quarter-on-quarter growth in Q3, driven by ongoing capacity ramp-up [2]. - The company is expected to significantly reduce losses in its positive electrode business by 2025 due to continuous capacity ramp-up and improved yield rates [2]. Financial Summary - The projected revenues for 2024, 2025, and 2026 are 12.363 billion yuan, 14.535 billion yuan, and 24.990 billion yuan, respectively, reflecting a year-on-year growth of -19.75%, +17.57%, and +71.94% [2][3]. - The net profit attributable to shareholders is forecasted to be 478.55 million yuan, 1.275 billion yuan, and 2.311 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 74.69%, 166.51%, and 81.21% [2][3]. - The earnings per share (EPS) are expected to be 0.25 yuan, 0.66 yuan, and 1.20 yuan for the respective years [2][3]. - The current price-to-earnings (PE) ratios are projected at 88.25, 33.11, and 18.27 for 2024, 2025, and 2026 [2][3].

Investment Rating - The investment rating for the company is "Outperform the Market" [1] Core Views - The report indicates that the company's revenue in Q3 2024 was 3.413 billion yuan, a year-on-year decrease of 17.52% but a quarter-on-quarter increase of 14.26%. The net profit attributable to the parent company was 101 million yuan, down 78.25% year-on-year and 18.15% quarter-on-quarter, with a gross margin of 17.90%, down 6.42 percentage points year-on-year and 0.38 percentage points quarter-on-quarter. The profitability is under pressure due to fluctuations in upstream raw material prices and electrolyte prices [4] - The company is advancing its integration strategy, achieving significant cost advantages. It has leading technology in liquid lithium hexafluorophosphate production, with both unit capacity investment costs and production costs significantly lower than the industry average. As of H1 2024, the self-supply ratio of key raw materials, lithium hexafluorophosphate and LiFSI, exceeded 97%, further reducing costs [4] - The company is actively expanding its overseas market and accelerating global capacity layout. Several designated projects are in the pilot testing stage, with orderly progress in factory construction. The North America and Morocco projects are on schedule, with the U.S. project of 200,000 tons in the design and environmental assessment stages, and the Morocco project in the design phase, expected to be completed by the end of 2026 [5] - The company is focusing on research and development innovation, particularly in the electrolyte and cathode material sectors, with plans to develop high-energy density systems and new materials to meet market demands [5] Financial Summary - The company's revenue for 2024 is projected to be 12.702 billion yuan, a year-on-year decrease of 17.5%, with a net profit of 488 million yuan, down 74.2% year-on-year. The revenue is expected to recover in 2025 and 2026, with projections of 16.199 billion yuan and 20.722 billion yuan respectively [7][9] - The gross margin is expected to improve from 15.7% in 2024 to 20.7% in 2026, while the net profit margin is projected to increase from 3.8% in 2024 to 9.6% in 2026 [11] - The report estimates that the company's net profit attributable to the parent company will be 4.88 billion yuan in 2024, 12.88 billion yuan in 2025, and 19.85 billion yuan in 2026, reflecting a significant recovery in profitability [6][9]