天际新能源科技股份有限公司 关于归还部分暂时补充流动资金的闲置募集资金的公告 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。 股票代码：002759 股票简称：天际股份 公告编号：2026-012 公司实际 17,500 万元闲置募集资金用于暂时补充流动资金，并于 2025 年 12 月 18 日将用于暂时补充流动资金的部分闲置募集资金 7,500 万元提前归还至公 司募集资金专用账户，并将上述募集资金的归还情况通知了公司保荐机构及保荐 代表人。具体详见公司于 2025 年 12 月 19 日在巨潮资讯网披露的《关于归还部 分暂时补充流动资金的闲置募集资金的公告》（公告编号：2025-102）。 天际新能源科技股份有限公司（以下简称"公司"、"天际股份"）于 2025 年 7 月 7 日召开第五届董事会第十四次会议、第五届监事会第十一次会议，审议 通过了《关于使用部分闲置募集资金暂时补充流动资金的议案》，同意公司在确 保不影响募集资金投资项目实施及募集资金使用的情况下，使用额度不超过人民 币 17,500 万元的闲置募集资金暂时补充流动资金，使用期限为自本次董 ...

Group 1: Company Overview and Products - The company's main lithium-ion battery electrolyte additives include lithium salt additives such as LiDFP, LiTFSI, LiDFOB, and LiTFS, which are widely used in power lithium-ion batteries to improve performance [2] - The company does not produce lithium hexafluorophosphate (LiPF6) but has a 25% stake in a joint venture that aims to produce 30,000 tons of LiPF6 annually, with the first phase of 15,000 tons starting trial production in August 2024 [2][3] Group 2: Financial Performance and Investments - In December 2025, the company reduced its stake in Tianji Co., selling 9,973,803 shares for a pre-tax investment gain of approximately 390 million yuan, resulting in a net gain of about 290 million yuan after taxes [3] - As of January 30, 2026, the company still holds 19,744,515 shares of Tianji Co., representing a 3.94% ownership [3] Group 3: Production Capacity and Market Position - The company's electronic chemical production capacity was 279,990.42 tons in the first half of 2025, calculated based on production time across the year [3] - The company is a leading player in the optical materials segment, benefiting from the domestic shift in LCD production and government support for applications in defense, aerospace, and new energy sectors [3] Group 4: Research and Development - The company is actively investing in the development of solid-state battery materials, with LiTFSI being widely used in new battery types and already achieving bulk sales [4] - The company is expanding its production capacity for solid-state battery materials and has completed small-scale development for some solid electrolyte products [4]

Investment Rating - The report assigns an "Overweight" rating to the energy storage sector [2][3]. Core Insights - The energy storage sector has shown impressive installation data for January and February, with a capacity growth of +472%. The bidding capacity in February increased by +73.3%, and there has been a price increase in centralized procurement [2][3]. - The report anticipates strong demand for energy storage in 2026, suggesting a potential supply shortage. It recommends increasing holdings in the energy storage sector [2][3]. Summary by Sections Installation Data - In January and February 2026, the newly installed capacity for energy storage in China reached 9.51 GW/24.18 GWh, representing a year-over-year increase of +182.07% (power) and +472.06% (capacity). January's installation was 5.01 GW/14.61 GWh, while February's was 4.5 GW/9.57 GWh. Seven provinces exceeded 1 GWh in new installations, with Xinjiang leading at 1.48 GW/5.56 GWh [2][3]. Bidding Data - In February 2026, the newly added bidding capacity for energy storage reached 15.5 GW/53.9 GWh, with a year-over-year increase of +94.1% (power) and +73.3% (capacity). The actual bidding scale for new energy storage in February was 7.46 GW/46.6 GWh, showing a year-over-year increase of +103.6% (power) and +265% (capacity) [2][3]. Price Trends - The prices for centralized procurement of energy storage systems and cells have increased, reflecting ongoing raw material price hikes. In February, the average price for several procurement projects exceeded 0.5 CNY/Wh, with increases of 10-18% compared to December [2][3]. Recommended Stocks - The report recommends stocks such as Haibo Shichuang, Ningde Times, Yiwei Lithium Energy, Zhongchuang Innovation, and Aters for benefiting from the strong demand in energy storage systems and batteries. It also highlights Hunan Yuno as a key stock in the lithium material sector [2][3].

Group 1 - The company Tianji Co., Ltd. is currently facing a severe trust crisis among its nearly 156,656 shareholders due to allegations of information disclosure violations, leading to an investigation by the China Securities Regulatory Commission (CSRC) [1] - On February 11, 2026, Tianji Co., Ltd. announced that it received a notice of investigation from the CSRC for suspected violations of information disclosure regulations, resulting in significant fluctuations in its stock price [1] - Hundreds of investors have registered for compensation claims through legal channels, with eligibility for those who purchased shares before February 11, 2026, and sold or still hold shares after February 12, 2026, incurring losses [1] Group 2 - On the same day the investigation notice was received, Tianji Co., Ltd. published multiple announcements correcting accounting errors and making retrospective adjustments to financial statements for the third quarters of 2023, 2024, and 2025, indicating numerous irregularities in goodwill impairment testing, financial accounting, and information disclosure [2] - Prior to the investigation, on January 16, 2026, Tianji Co., Ltd. and its responsible personnel were already issued an administrative regulatory decision by the Guangdong Securities Regulatory Bureau for issues related to non-compliance in goodwill impairment testing, inaccurate financial accounting, and improper information disclosure [2] - The ongoing investigation may be related to these earlier issues, and the company is expected to continue facing lawsuits from investors seeking compensation [2]

Group 1: China Ping An - The core strategy of China Ping An is "comprehensive finance + medical care and elderly care," which aims to create a new value growth pole through a "product + service" model, leading to long-term stable profit growth [3][4] - The report suggests that the current market valuation of China Ping An is low, with a PEV of 0.75, and recommends a target market value of 1.6 trillion yuan, corresponding to a target price of 88.53 yuan per share [3][4] - The aging population in China and the increasing importance of commercial health insurance in medical payments are expected to enhance the effectiveness of the "product + service" model, positioning it as a new growth driver for the company [3][4] Group 2: Steel Research High Temperature Alloy - Steel Research High Temperature Alloy is a leading company in the high-temperature alloy sector, benefiting from strong demand in the aerospace industry and the trend towards technological self-sufficiency [5][6] - The company is expected to achieve steady growth in net profit, with forecasts of 132 million yuan, 152 million yuan, and 172 million yuan for 2025 to 2027, respectively [5][6] - The report highlights the resilience of the high-temperature alloy industry, driven by increasing defense budgets and the upgrade of aerospace equipment, which supports long-term demand [6][7] Group 3: CSPC Pharmaceutical Group - CSPC Pharmaceutical Group is recognized for its strong innovation capabilities, with a focus on oncology and chronic disease treatment pipelines, and has established an international business development ecosystem [8][9] - The company has entered a strategic collaboration with AstraZeneca to develop innovative long-acting peptide drugs, which is expected to generate significant revenue potential [9][10] - The report predicts EPS growth of 48%, 36%, and -7% for 2025 to 2027, with a target price of 16.58 HKD per share [8][9] Group 4: Real Estate Market - The real estate market in China is currently in a deep adjustment phase, with only 19% of cities showing signs of bottoming out as of Q4 2025 [18][19] - New home prices are experiencing significant fluctuations, particularly in first-tier cities, while second-hand home prices are generally declining [19][20] - The report indicates that the inventory clearance cycle is extending, with first-tier cities reaching 19-28 months and some second-tier cities exceeding 38 months [20] Group 5: Robotics and Automation - The company is actively expanding into the humanoid robotics sector, with new product launches expected to drive growth [21][22] - The report forecasts EPS of 1.14, 1.47, and 1.83 yuan for 2025 to 2027, with a target price of 147.00 yuan per share [21][22] - The company is leveraging its expertise in micro-drive systems to enhance its competitive position in the robotics market [22][23] Group 6: Energy Storage Sector - The energy storage sector is anticipated to see significant growth, with the introduction of capacity pricing mechanisms in provinces like Qinghai [36][37] - The report suggests that the demand for energy storage systems and batteries will increase, recommending several key stocks in this sector [36][37] - The expected growth rate for energy storage demand in 2026 is projected to be around 50% [38]

Investment Rating - The report recommends an "Accumulate" rating for the energy storage sector [1][3]. Core Insights - Qinghai has initiated the first capacity price for energy storage following the implementation of Document No. 114, indicating a positive trend for the economic viability of energy storage across the country as provincial regulations are expected to follow [3][6]. - The demand for energy storage is projected to grow significantly, with expectations of a 50% increase in 2026, driven by favorable capacity pricing and strong market conditions [3][6]. Summary by Sections Investment Recommendations - The report suggests accumulating stocks in the energy storage sector, particularly benefiting from strong demand for storage systems and batteries. Recommended stocks include Haibo Shichuang, Ningde Times, Yiwei Lithium Energy, Zhongchuang Innovation, and Aters. Related stocks include Sunshine Power and Penghui Energy [6][7]. - Following the anticipated demand surge, lithium battery materials are expected to see price increases. Recommended stocks in this category include Hunan Youneng, with related stocks being Wanrun New Energy, Fulian Precision, Tianji Shares, Tianci Materials, Duofluo, Enjie, Fospower, and Xingyuan Materials [6][7]. Economic Viability of Energy Storage - The capacity price calculation method has been established, with a compensation standard of 165 RMB/(kW·year) for 2026, which is more favorable compared to previous standards. The annual compensation price for a 4-hour energy storage station is calculated to be 153.77 RMB/(kW·year) [6][7]. - January data shows a significant increase in installed capacity, with 3.8 GW/10.9 GWh added, representing a year-on-year growth of 62% and 106%, respectively. The sales of energy storage batteries reached 46.1 GWh, marking a year-on-year increase of 164% [6][7].

证券日报网讯 2月26日，天际股份在互动平台回答投资者提问时表示，公司2026年2月13日股东人数为 156656户。 （文章来源：证券日报） ...

股票代码：002759 股票简称：天际股份 公告编号：2026-011 天际新能源科技股份有限公司 关于公司为全资子公司提供担保的进展公告 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。 一、担保情况概述 天际新能源科技股份有限公司（以下简称"天际股份"、"公司"）分别于 2025 年 3 月 21 日、2025 年 4 月 10 日召开第五届董事会第十二次会议、2025 年第一 次临时股东大会，审议通过了《关于 2025 年度向银行申请授信额度的议案》，同 意公司及下属子公司向银行申请总额不超过人民币 40 亿元的综合授信额度，并 授权公司管理层在经批准的综合业务授信额度及有效期内，根据公司及子公司的 实际经营需求全权办理上述授信额度事宜，包括但不限于：办理综合业务授信额 度银行、授信品种的选择；办理综合业务授信额度金额、利率的确定；办理综合 业务授信额度相关法律文件的签署（包括但不限于授信、流动资金贷款、固定资 产贷款、银行承兑汇票业务、保函、信用证、抵押、担保、保证、质押等有关的 申请书、合同、协议等文件）；与办理综合业务授信额度相关的其他事项。详见 公 ...

天际股份公告称，公司分别于2025年3月21日、4月10日审议通过申请不超40亿元综合授信额度的议案。 近日，公司与中国银行汕头分行签署《最高额保证合同》，为全资子公司汕头市天际电器实业有限公司 2025年11月至2035年12月期间的全部债权提供连带责任保证，最高债权限额1亿元。截至2026年2月26 日，公司及下属公司累计担保余额62430万元，占2024年末经审计净资产的16.95%，无逾期对外担保。 ...

Core Viewpoint - Tianji Co., Ltd. (002759) has received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation into alleged violations of information disclosure laws, which may provide compensation opportunities for affected shareholders [1][2]. Summary by Relevant Sections Company Announcement - On February 11, 2026, Tianji Co., Ltd. announced that it received a "Notice of Investigation" from the CSRC due to suspected violations of information disclosure regulations, leading to a formal investigation [1][2]. Legal Perspective - Lawyer Xu Jin from Beijing Yingke Law Firm (Shenzhen) stated that under the new judicial interpretation of securities false statements, the pre-litigation procedure has been abolished. Investors who suffer losses due to false statements by listed companies can file civil compensation lawsuits in competent courts to protect their legal rights. The scope of compensation includes investment loss differences, stamp duty, and commission losses [3]. Compensation Conditions - The preliminary conditions for compensation state that investors who purchased shares before January 15, 2026, and sold or still hold them after January 16, 2026, while incurring losses, may be eligible for claims (final compensation results will depend on court rulings) [4]. - Investors are required to prepare the following materials: a copy of their ID, a confirmation of their securities account opening information (original stamped by the securities company's business department), and a transaction record from the first purchase of the stock to the present (also stamped by the securities company's business department). If there are any remaining shares, a printout of the remaining shares is also needed [4].