天赐材料（002709） | 证券代码：002709 | 证券简称：天赐材料 | 公告编号：2025-105 | | --- | --- | --- | | 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 关于与瑞浦兰钧签订合作协议的公告 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。 特别提示： 1、该协议为电解液供应的框架性协议，协议采购量为双方预测的需求量， 实际以协议执行情况为准，存在一定的不确定性； 2、在协议履行的过程中如遇行业政策、市场环境、经济等不可预计或不可 抗力等因素的影响，有可能存在协议无法如期或全部履行的风险； 3、最近三年披露的框架协议的后续进展情况详见公告正文。 一、协议签订情况概况 2025 年 9 月 22 日，广州天赐高新材料股份有限公司（以下简称"公司"） 全资子公司九江天赐高新材料有限公司（以下简称"九江天赐"）与瑞浦兰钧能 源股份有限公司（以下简称"瑞浦兰钧"）签订了《合作协议》。协议约定，在本 协议有效期内（自本协议生效之日起至 2030 年 12 月 31 日止），瑞浦兰钧（含瑞 ...

天赐材料公告，全资子公司九江天赐与瑞浦兰钧签订了合作协议。在2030年底前，瑞浦兰钧（含温州基 地及下属关联公司）向九江天赐采购总量不少于80万吨的电解液产品。具体采购量、单价、规格型号等 以双方确认的采购订单为准。此举有利于双方形成紧密的供需联动，对公司2026年至2030年度经营业绩 产生积极影响。 ...

天赐材料公告，广州天赐高新材料股份有限公司已于2025年9月22日向香港联合交易所有限公司递交了 首次公开发行H股股票并在香港联交所主板上市的申请，并于同日在香港联交所网站刊登了本次发行的 申请材料。 ...

Core Viewpoint - Guangzhou Tinci Materials Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with J.P. Morgan, CITIC Securities, and GF Securities as joint sponsors. The company is already listed on the Shenzhen Stock Exchange [1]. Company Overview - The company is a technology-driven new energy and advanced materials firm, focusing on providing lithium-ion battery materials, daily chemical materials, and specialty chemicals solutions to global corporate clients [3]. - Its lithium-ion battery materials business includes electrolyte and core materials, cathode materials (iron phosphate, lithium iron phosphate), PACK structural adhesives, and binders. The daily chemical materials and specialty chemicals business includes carbomer, surfactants, silicone oil, and cationic conditioning agents [3]. Revenue Contribution - The majority of the company's revenue comes from lithium-ion battery materials, which is a strategic focus, while a smaller portion comes from daily chemical materials and specialty chemicals [3]. Production Capabilities - The company has integrated the complete value chain for key raw materials of electrolytes, including LiPF6, LiFSI, additives, and lithium carbonate. It has successfully expanded into cathode materials and adhesives for lithium batteries, forming a comprehensive solution for lithium-ion battery materials [3]. - As of June 30, 2025, the self-supply ratios for LiPF6, LiFSI, DTD additives, and high-purity lithium carbonate are projected to be 99.0%, 97.0%, 90.0%, and 100.0%, respectively, ranking first in the industry [4]. Production Network - The company has established a production network extending beyond China, with 15 operational production bases and one under construction in China. It also collaborates with two contract manufacturers in the U.S. and Germany, with plans to establish production bases in Morocco and the U.S. [4]. Customer Dependency - The total sales to the top five customers accounted for approximately 70.8%, 71.2%, 58.7%, and 58.7% of total revenue for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [5]. Financial Performance - The company reported revenues of RMB 22.32 billion, RMB 15.40 billion, RMB 12.52 billion, and RMB 7.03 billion for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively. Corresponding profits were approximately RMB 5.84 billion, RMB 1.84 billion, RMB 478 million, and RMB 265 million [5][6].

Core Viewpoint - Guangzhou Tinci Materials Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with J.P. Morgan, CITIC Securities, and GF Securities as joint sponsors. The company is already listed on the Shenzhen Stock Exchange [1]. Company Overview - The company is a technology-driven new energy and advanced materials firm, focusing on providing lithium-ion battery materials, daily chemical materials, and specialty chemical solutions to global enterprise clients [3]. - Its lithium-ion battery materials business includes electrolyte and core materials, cathode materials (iron phosphate, lithium iron phosphate), PACK structural adhesives, and binders. The daily chemical materials and specialty chemicals segment includes carbomer, surfactants, silicone oil, and cationic conditioning agents [3]. Revenue Contribution - The majority of the company's revenue comes from lithium-ion battery materials, which is a strategic focus, while a smaller portion comes from daily chemical materials and specialty chemicals [3]. Production and Supply Chain - The company has integrated the complete value chain for key raw materials of electrolytes, including LiPF6, LiFSI, additives, and lithium carbonate. It has successfully expanded into cathode materials and adhesives for lithium batteries, forming a comprehensive solution for lithium-ion battery materials [3]. - As of June 30, 2025, the self-supply ratios for LiPF6, LiFSI, DTD additives, and high-purity lithium carbonate are projected to reach 99.0%, 97.0%, 90.0%, and 100.0%, respectively, ranking first in the industry [4]. Production Network - The company has established a production network extending beyond China, with 15 operational production bases and one under construction in China. It also collaborates with two contract manufacturers in the U.S. and Germany, with plans to establish production bases in Morocco and the U.S. [4]. Customer Dependency - The company's total sales to its top five customers accounted for approximately 70.8%, 71.2%, 58.7%, and 58.7% of total revenue for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [5]. Financial Performance - The company reported revenues of RMB 22.32 billion, RMB 15.40 billion, RMB 12.52 billion, and RMB 7.03 billion for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively. Corresponding profits were approximately RMB 5.84 billion, RMB 1.84 billion, RMB 478 million, and RMB 265 million [5][6].

Core Viewpoint - Guangzhou Tinci Materials Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with J.P. Morgan, CITIC Securities, and GF Securities as joint sponsors. The company is already listed on the Shenzhen Stock Exchange [1]. Company Overview - The company is a technology-driven new energy and advanced materials firm, focusing on providing lithium-ion battery materials, daily chemical materials, and specialty chemical solutions to global corporate clients [3]. - The lithium-ion battery materials segment includes electrolyte and its core materials, cathode materials (iron phosphate, lithium iron phosphate), PACK structural adhesives, and binders. The daily chemical materials and specialty chemicals segment includes carbomer, surfactants, silicone oils, and cationic conditioning agents [3]. Revenue Contribution - The majority of the company's revenue comes from lithium-ion battery materials, which is a strategic focus, while a smaller portion comes from daily chemical materials and specialty chemicals [3]. Production and Supply Chain - The company has established a complete value chain for the production of key raw materials for electrolytes, including LiPF6, LiFSI, additives, and lithium carbonate. It has successfully expanded into cathode materials and adhesives for lithium batteries, forming a comprehensive solution for lithium-ion battery materials [3][4]. - As of June 30, 2025, the self-supply ratios for LiPF6, LiFSI, DTD additives, and high-purity lithium carbonate are 99.0%, 97.0%, 90.0%, and 100.0%, respectively, ranking first in the industry [4]. Production Network - The company has built a production network extending beyond China, with 15 operational production bases and one under construction in China. It also collaborates with two contract manufacturers in the U.S. and Germany, and plans to establish production bases in Morocco and the U.S. [4]. Customer Dependency - The company's total sales to its top five customers accounted for approximately 70.8%, 71.2%, 58.7%, and 58.7% of total revenue for the years ending December 31, 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [5]. Financial Performance - The company reported revenues of RMB 22.32 billion, RMB 15.40 billion, RMB 12.52 billion, and RMB 7.03 billion for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively. Corresponding profits were approximately RMB 5.84 billion, RMB 1.84 billion, RMB 478 million, and RMB 265 million [5][6].

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 Guangzhou Tinci Materials Technology Co., Ltd. 廣州天賜高新材料股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣 下知悉、接納並向本公司、其聯席保薦人、整體協調人、顧問或包銷團成員表示同意： 於本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司註冊處處長登記前，不 會向香港公眾人士提出要約或邀請。倘在適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依 據於香港公司註冊處處長註冊的本公司招股章程作出投資決定。該文件的文本將於發售期內向公眾人士刊 發。 (a ...

Core Viewpoint - Guangzhou Tinci Materials Technology Co., Ltd. has won a legal battle against former employees who leaked trade secrets, with the court upholding the conviction for commercial secret infringement [2][5]. Company Summary - Tinci Materials' subsidiary, Jiujiang Tinci, received a criminal judgment confirming the conviction of former employees Li Sheng and Zheng Feilong for infringing on commercial secrets, with adjusted sentences of 3 years and 2 years respectively [2][5]. - The company has been a leader in the electrolyte industry, being the only enterprise in China capable of industrializing the production of liquid lithium hexafluorophosphate and liquid lithium bis(fluorosulfonyl)imide [5]. - Tinci Materials has been expanding its business into lithium iron phosphate cathode materials and battery recycling [6]. Industry Summary - The electrolyte industry has faced challenges with low capacity utilization rates below 40% and profitability at cyclical lows over the past two to three years [2][6]. - However, starting in July, the price of lithium hexafluorophosphate began to rise due to improved demand and reduced supply, with current prices stabilizing around 56,000 yuan per ton [8]. - The overall market for electrolytes is showing signs of a tight balance between supply and demand, with expectations for continued demand growth in the second half of 2025 [8].

Group 1 - The event "2025 Guangdong Listed Companies Investor Relations Management Month" aims to enhance investor relations management and boost investor confidence and satisfaction [2] - Guangdong has hosted this event for 15 consecutive years, introducing innovations such as "Investor Collective Reception Day and Semi-Annual Performance Briefing" since 2022 [2] - The event attracted nearly 50 company executives and over 100 institutional investor representatives, fostering trust and market vitality [2] Group 2 - As of now, there are 459 listed companies in Guangdong (excluding Shenzhen) with a total market capitalization exceeding 6.59 trillion yuan [4] - In the first half of 2025, these companies reported a total revenue of 1.85 trillion yuan and a net profit of 1150.74 billion yuan, representing year-on-year growth of 6.97% and 9.19% respectively [4] - 74 listed companies distributed over 16 billion yuan in mid-year dividends, with four companies exceeding 1 billion yuan in dividends [4] Group 3 - Over 40% of listed companies in the region have annual R&D expenditures exceeding 100 million yuan, with nearly 60% having R&D intensity over 4% [5] - The region's listed companies are actively engaging in technology innovation and industry upgrades, contributing significantly to high-quality economic development [5] Group 4 - The scale of major asset restructuring in the region has exceeded 40 billion yuan this year, with 17 major asset restructuring transactions completed [6][7] - The Guangdong Securities Regulatory Bureau has initiated a special action for "Quality Improvement, Value Enhancement, and Image Enhancement" among listed companies [6] Group 5 - In 2024, the total cash dividends from listed companies reached a record high of 1218.6 billion yuan, with an average dividend payout ratio of 53.5%, leading the national average by 16 percentage points [8] - The investor communication platform achieved a response rate of over 99% for investor inquiries in the first half of 2025 [8] Group 6 - The event served as a multi-faceted platform for showcasing achievements, issuing initiatives, and facilitating value exchanges between companies and investors [10] - A total of 30 companies were recognized for their cash dividend contributions, with representatives signing a commitment to enhance investor satisfaction [10]

Core Viewpoint - The chemical sector is experiencing a rebound, with the chemical ETF (516020) showing positive performance, indicating potential investment opportunities in the industry [1][2]. Group 1: Market Performance - The chemical ETF (516020) rose by 0.41% during the trading session, reflecting a positive trend in the chemical sector [1][2]. - Key stocks such as Zhongke Titanium, Guangdong Hongda, and others saw significant gains, with Zhongke Titanium and Guangdong Hongda both increasing over 7% [1]. Group 2: Industry Dynamics - The chemical industry is currently at a low point, necessitating the elimination of outdated production capacity to optimize supply-demand dynamics and promote high-quality development [1][4]. - There is a notable decline in new construction projects in the basic chemical sector, with the ratio of construction projects to fixed assets dropping to 24% in Q2 2025, down from 37% in Q2 2023, indicating a slowdown in capacity expansion [4]. Group 3: Future Outlook - The "anti-involution" movement within the chemical industry is expected to lead to a re-evaluation of the sector, with potential measures to slow global capacity expansion [5]. - The chemical sector is characterized by strong cash flow, and a slowdown in expansion could significantly enhance potential dividend yields, transforming the sector from a cash drain to a cash generator [5]. - The chemical ETF (516020) provides a diversified investment opportunity across various sub-sectors, with nearly 50% of its holdings in large-cap stocks, allowing investors to capitalize on strong market leaders [6].