Report Summary 1. Reported Industry Investment Rating No information provided. 2. Core Viewpoints of the Report - The company faced a loss in Q4 2024 due to the involution in the photovoltaic industry, price declines in the industrial chain, and the impact of foreign trade on the photovoltaic business's gross profit margin, along with an impairment provision of about 39.92 million yuan for photovoltaic backsheet assets [24]. - The company is working on improving its market - value management, including promoting its business highlights and investment value, interacting with institutional investors, and optimizing its internal control system [25]. - The company is seeking new performance breakthroughs by stabilizing and increasing market share in major business areas and exploring new products in high - growth tracks such as automotive electronics, lithium - battery negative electrode glue, and consumer electronics [27]. 3. Summary by Relevant Catalogs 3.1. Research Basic Situation - Research object: Huitian New Materials [17]. - Industry: Chemical products [17]. - Reception time: June 12, 2025 [17]. - Company reception staff: Board Secretary Zhang Hongjian, Financial Controller Shi Changyin, and Securities Affairs Representative Zhang Yan [17]. 3.2. Detailed Research Institutions - Reception object type: Investor online questions and others [20]. 3.3. Research Institution Proportion No information provided. 3.4. Main Content Data - **Financial and Stock - related Questions** - The company clarified that the description of annual Q4 losses was inaccurate, and the 2024 Q4 loss was due to the photovoltaic industry situation [24]. - The company emphasized that it values the capital - market performance and is taking measures to improve market - value management [25]. - Stock price fluctuations are affected by multiple external factors, and the company is working to reflect its enterprise value through compliance means [26]. - **Business Goal and Performance Questions** - The company stated that its business goals and performance should be based on official announcements [26]. - The company is aiming to break through in performance by expanding market share in major fields and exploring new products in high - growth tracks [27]. - **New Business and Product Questions** - The company is making new product layouts in automotive electronics, lithium - battery negative electrode glue, consumer electronics, and photovoltaic fields [27]. - In emerging technology fields like low - altitude economy and AI, the company's products are in the initial layout stage and have not achieved stable mass supply [28]. - **Other Questions** - Regarding the fifth - phase equity incentive, the company asked investors to follow its information disclosure [29]. - The company's photovoltaic business maintained growth during the industry involution, with measures to enhance product competitiveness [29]. - For the 2025 semi - annual report performance, the company asked investors to follow the subsequent disclosure [29]. - The Jun'an Huitian Fund has completed filing and is promoting relevant projects related to the Huitian industry [29].

Financial Performance - The company reported a loss in Q4 2024 primarily due to price declines in the photovoltaic industry and a provision for asset impairment amounting to approximately 39.92 million yuan [2][3] - The company's stock price has declined for four consecutive years, raising concerns about its market performance [3][5] Market Management - The company acknowledges the need for improvement in market value management and is exploring effective methods, including enhancing communication with institutional investors and promoting operational highlights [3][6] - Various measures have been implemented for market value management, such as media promotion, performance briefings, and potential stock buybacks [6] Business Strategy - The company is focusing on stabilizing its market share in key business areas while exploring new product opportunities in high-growth sectors like automotive electronics and lithium battery materials [4][6] - The company is actively developing new products in the photovoltaic sector, aiming to enhance competitiveness through innovation and cost reduction [4][6] Future Outlook - The company is optimistic about its performance in the first half of 2025, with expectations for positive growth compared to the previous year [7] - The establishment of a fund investment company is underway, with projects related to the company's industry being pursued [7]

| 证券代码：300041 债券代码：123165 | | | --- | --- | | 证券简称：回天新材 债券简称：回天转债 | 公告编号：2025-38 | 湖北回天新材料股份有限公司 关于参加湖北辖区上市公司 2025 年投资者 特此公告。 湖北回天新材料股份有限公司 董 事 会 2025 年 6 月 9 日 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，湖北回天新材料股份有限公司（以下简 称"公司"）将参加由湖北证监局、湖北省上市公司协会与深圳市全景网络有限 公司联合举办的"2025年湖北辖区上市公司投资者集体接待日活动"，现将相关 事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP，参 与本次互动交流，活动时间为2025年6月12日（周四）14:00-16:40。届时公司高管 将在线就公司2024年度业绩、公司治理、发展战略、经营状况和可持续发展等投 资者关心的问题，与 ...

Group 1 - The company completed the 2024 profit distribution plan, distributing a cash dividend of 1.50 yuan per 10 shares, totaling 83.91 million yuan, with a payout ratio of 82.39% [1] - The total amount for cash dividends and share buybacks in 2024 reached 175 million yuan, exceeding the net profit for the year by 172.17% [1] - The company emphasizes sustainable development and shareholder rights, maintaining a consistent profit distribution policy since its listing [1] Group 2 - The company is accelerating its transformation towards emerging industries, establishing a 200 million yuan investment fund focused on new materials, renewable energy, semiconductors, and other high-tech sectors [2] - The company aims to enhance its R&D capabilities and production capacity in fields such as electronic intelligence, low-altitude economy, new energy vehicles, aerospace, and military support [2]

Group 1 - The company, Hubei Huitian New Materials Co., Ltd., is implementing a rights distribution for the year 2024, which affects the convertible bonds known as "Huitian Convertible Bonds" (bond code: 123165) [1][2] - The conversion period for the bonds is from May 4, 2023, to October 26, 2028, with a suspension of conversion from May 22, 2025, to May 29, 2025 [1] - The bonds will resume conversion on May 30, 2025, the first trading day after the rights distribution registration date [2]

| 证券代码：300041 | 证券简称：回天新材 | 公告编号：2025-37 | | --- | --- | --- | | 债券代码：123165 | 债券简称：回天转债 | | 湖北回天新材料股份有限公司 董事会 2025 年 5 月 29 日 关于"回天转债"恢复转股的提示性公告 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： 债券代码：123165 债券简称：回天转债 转股期限：2023 年 5 月 4 日至 2028 年 10 月 26 日 暂停转股时间：2025 年 5 月 22 日至 2025 年 5 月 29 日 恢复转股时间：2025 年 5 月 30 日 湖北回天新材料股份有限公司（以下简称"公司"）因实施 2024 年度权益分 派，根据《湖北回天新材料股份有限公司向不特定对象发行可转换公司债券募集 说明书》及《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》 等相关规定，公司可转换公司债券（债券代码：123165；债券简称：回天转债） 自 2025 年 5 月 22 日至本次权益分派股权登记日（2025 年 ...

Core Viewpoint - The company, Hubei Huitian New Materials Co., Ltd., has announced an adjustment to the conversion price of its convertible bonds, "Huitian Convertible Bonds," from 15.35 CNY per share to 15.20 CNY per share, effective from May 30, 2025, due to the implementation of the 2024 annual equity distribution plan [1][3]. Group 1 - The adjustment of the conversion price is based on the company's 2024 annual profit distribution plan, which includes a cash dividend of 1.50 CNY per 10 shares (tax included) to all shareholders [2][3]. - The conversion price adjustment formula is outlined in the company's prospectus, detailing how the price is calculated based on various scenarios of equity changes [1][2]. - The adjusted conversion price will take effect on the ex-dividend date, May 30, 2025 [3]. Group 2 - The company will publish the board resolution regarding the conversion price adjustment on the Shenzhen Stock Exchange and other compliant media, including details on the adjustment date and method [2]. - The company emphasizes that any future changes in share repurchase, mergers, or other events affecting shareholder equity will be handled fairly and in accordance with relevant laws and regulations [2].

| 证券代码：300041 | 证券简称：回天新材 公告编号：2025-35 | | --- | --- | | 债券代码：123165 | 债券简称：回天转债 | 1、湖北回天新材料股份有限公司（以下简称"公司"或"本公司"）于 2025 年 5 月 19 日召开 2024 年年度股东大会，审议通过了《公司 2024 年度利润分配 预案》，公司 2024 年度利润分配方案为：以公司实施 2024 年年度权益分配方案 时股权登记日的总股本扣除公司回购专用账户中的回购股份（若有）为基数，向 全体股东每 10 股派发现金红利 1.50 元（含税），剩余未分配利润结转以后年度 分配。在利润分配方案实施前，若公司可参与利润分配的总股数发生变化，将按 照每股分配比例不变的原则，相应调整现金分红总额。 2、自公司 2024 年度利润分配方案披露至实施期间，因公司可转换公司债券 （债券简称：回天转债，债券代码：123165）处于转股期，公司总股本因可转债 转股发生变化。"回天转债"已于 2025 年 5 月 22 日起暂停转股，截至本公告披 露日，公司最新总股本为 559,434,092 股，公司股份回购专用证券账户未持有 ...

派送股票股利或转增股本：P1=P0/（1+n）； | 证券代码：300041 | 证券简称：回天新材 | 公告编号：2025-36 | | --- | --- | --- | | 债券代码：123165 | 债券简称：回天转债 | | 湖北回天新材料股份有限公司 关于调整"回天转债"转股价格的公告 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： 湖北回天新材料股份有限公司（以下简称"公司"）因实施 2024 年度权益分 派，"回天转债"的转股价格将由 15.35 元/股调整为 15.20 元/股。调整后的转股价 格自 2025 年 5 月 30 日起生效。 一、关于"回天转债"转股价格调整的依据 根据《湖北回天新材料股份有限公司向不特定对象发行可转换公司债券募集 说明书》（以下简称《募集说明书》），在本次可转债发行之后，当公司因派送股 票股利、转增股本、增发新股（不包括因本次可转债转股而增加的股本）、配股、 派送现金股利等情况使公司股份发生变化时，将按下述公式进行转股价格的调整 （保留小数点后两位，最后一位四舍五入）： 根据《募集说明书》等有关规定 ...

| 证券代码：300041 | 证券简称：回天新材 公告编号：2025-34 | | --- | --- | | 债券代码：123165 | 债券简称：回天转债 | 湖北回天新材料股份有限公司 关于实施权益分派期间"回天转债"暂停转股的提示性公告 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： 债券代码：123165 债券简称：回天转债 转股价格：人民币 15.35 元/股 转股期限：2023 年 5 月 4 日至 2028 年 10 月 26 日 暂停转股时间：2025 年 5 月 22 日至公司 2024 年度权益分派股权登记日止 恢复转股时间：公司 2024 年度权益分派股权登记日后的第一个交易日 根据中国证券监督管理委员会《关于同意湖北回天新材料股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可[2022]2020 号），湖北回 天新材料股份有限公司（以下简称"公司"）于 2022 年 10 月 27 日向不特定对象 发行可转换公司债券（以下简称"可转债"）8,500,000 张，每张面值人民币 100 元，发行总额 85, ...