苏州天华新能源科技股份有限公司 关于披露2025年半年度报告的提示性公告 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。 苏州天华新能源科技股份有限公司《2025 年半年度报告》及摘要于 2025 年 8 月 28 日 在 中 国 证 监 会 指 定 的 创 业 板 信 息 披 露 媒 体 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露，敬请投资者注意查阅。 特此公告。 苏州天华新能源科技股份有限公司董事会 2025 年 8 月 27 日 证券代码：300390 证券简称：天华新能 公告编号：2025-035 ...

证券代码：300390 证券简称：天华新能 公告编号：2025-043 苏州天华新能源科技股份有限公司 关于召开 2025 年第二次临时股东大会的通知 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。 苏州天华新能源科技股份有限公司（以下简称"公司"）根据公司第六届董事 会第二十六次会议决议，决定于 2025 年 9 月 12 日召开公司 2025 年第二次临时 股东大会。现将本次股东大会有关事项通知如下： 一、召开会议的基本情况 1、会议届次：2025 年第二次临时股东大会 2、会议召集人：公司董事会 3、会议召开的合法及合规性：会议召开由公司董事会决议通过，召集程序 符合有关法律、法规、部门规章、规范性文件及《公司章程》的规定。 4、会议召开日期、时间： 现场会议召开日期和时间：2025 年 9 月 12 日（星期五）下午 14：30。 网络投票日期和时间：2025 年 9 月 12 日。通过深圳证券交易所交易系统进 行网络投票的时间为 2025 年 9 月 12 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00；通过深圳证券交 ...

证券代码：300390 证券简称：天华新能 公告编号：2025-037 苏州天华新能源科技股份有限公司 关于第六届监事会第十八次会议决议的公告 本公司及监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。 苏州天华新能源科技股份有限公司（以下简称"公司"）第六届监事会第十八 次会议于 2025 年 8 月 27 日下午在公司会议室以现场表决方式召开。会议由公司 监事会主席陈雪荣主持，公司全体监事出席了会议，应参与表决监事 3 人，实际 表决监事 3 人。本次会议通知于 2025 年 8 月 18 日以书面送达方式发出，会议的 召开符合《公司法》和《公司章程》规定，会议召开合法、有效。 表决结果：3票同意，0票反对，0票弃权。 2、审议通过《关于<2025 年半年度募集资金存放与使用情况的专项报告> 的议案》 经审核，监事会认为：本专项报告符合《上市公司募集资金监管规则》和《深 圳证券交易所上市公司自律监管指引第2号——创业板上市公司规范运作》等有 关规定，内容真实、准确、完整，不存在虚假记载、误导性陈述和重大遗漏，如 实反映了公司2025年半年度募集资金实际存放与使用情况， ...

证券代码：300390 证券简称：天华新能 公告编号：2025-036 苏州天华新能源科技股份有限公司 关于第六届董事会第二十六次会议决议的公告 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。 苏州天华新能源科技股份有限公司（以下简称"公司"）第六届董事会第二十 六次会议于 2025 年 8 月 27 日下午在公司三楼会议室以通讯及现场表决方式召开， 会议通知已于 2025 年 8 月 18 日以书面送达的方式送达给全体董事、监事和高级 管理人员。本次会议应出席董事 6 人，实际出席董事 6 人，公司监事及高级管理 人员列席会议。本次会议由公司董事长裴振华先生主持，会议的召集、召开符合 《公司法》和《公司章程》规定。 经与会董事认真审议，本次会议以记名投票表决方式表决通过了以下决议： 1、审议通过《关于<2025 年半年度报告>及摘要的议案》 经审议，董事会认为：公司《2025 年半年度报告》及摘要符合法律、行政 法规、中国证监会和深圳证券交易所的相关规定，报告内容真实、准确，完整， 不存在任何虚假记载、误导性陈述或者重大遗漏。同意公司《2025 年半年度报 ...

[Part I Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Part%20I%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) This section provides crucial disclaimers, a comprehensive report directory, and definitions of key terms to ensure clarity and understanding of the financial report [Important Notice](index=2&type=section&id=Important%20Notice) The company's board and management guarantee the report's accuracy, detail operational risks, comply with disclosure requirements, and plan no semi-annual profit distribution - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report and assume legal responsibility[3](index=3&type=chunk) - The company has detailed operational risks and countermeasures, complying with the disclosure requirements for "lithium-ion battery industry chain related businesses" in the Shenzhen Stock Exchange's Self-Regulatory Guidelines No. 4 for Listed Companies on the ChiNext Board[3](index=3&type=chunk) - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) The report's clear table of contents is divided into eight sections, covering key areas for investor review - The report comprises eight sections, including Important Notice, Company Profile and Key Financial Indicators, Management Discussion and Analysis, Corporate Governance, Environment and Society, Significant Matters, Share Changes and Shareholder Information, Bond-Related Information, and Financial Report[6](index=6&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section defines common terms, including company names, legal entities, industry materials, technical concepts, and international standards, for accurate report understanding - "Canmax Technologies," "the Company," and "this Company" all refer to Suzhou Canmax New Energy Technology Co., Ltd[9](index=9&type=chunk) - "Lithium battery materials" refer to the main components of lithium-ion batteries, including electrolytes, separators, and cathode/anode materials, with cathode material performance directly impacting battery performance and cost[9](index=9&type=chunk) - "Reporting Period" refers to January 1, 2025, to June 30, 2025[11](index=11&type=chunk) [Part II Company Profile and Key Financial Indicators](index=7&type=section&id=Part%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's fundamental information, contact details, and a summary of its key financial performance and position during the reporting period [I. Company Profile](index=7&type=section&id=I.%20Company%20Profile) Suzhou Canmax New Energy Technology Co., Ltd. (Canmax Technologies, 300390) is listed on the Shenzhen Stock Exchange, with Lu Jianping as legal representative Basic Company Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Canmax Technologies | | Stock Code | 300390 | | Former Stock Abbreviation | Canmax Cleanroom | | Stock Exchange | Shenzhen Stock Exchange | | Company's Chinese Name | 苏州天华新能源科技股份有限公司 | | Company's Chinese Abbreviation | 天华新能 | | Company's English Name | Canmax Technologies Co., Ltd | | Company's English Abbreviation | THXN | | Legal Representative | Lu Jianping | [II. Contacts and Contact Information](index=7&type=section&id=II.%20Contacts%20and%20Contact%20Information) The company's Board Secretary and Securities Affairs Representative share the same contact details at No. 99 Shuangma Street, Suzhou Industrial Park Company Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Wang Xun | No. 99 Shuangma Street, Suzhou Industrial Park | 0512-62852336 | 0512-62852120 | thxn@canmax.com.cn | | Securities Affairs Representative | Jin Xin | No. 99 Shuangma Street, Suzhou Industrial Park | 0512-62852336 | 0512-62852120 | thxn@canmax.com.cn | [III. Other Information](index=7&type=section&id=III.%20Other%20Information) No changes occurred in the company's contact information, disclosure locations, or registration details during the reporting period - The company's registered address, office address, website, email, and other contact information remained unchanged during the reporting period[15](index=15&type=chunk) - Information disclosure and archiving locations remained unchanged during the reporting period[16](index=16&type=chunk) - The company's registration status remained unchanged during the reporting period[17](index=17&type=chunk) [IV. Key Accounting Data and Financial Indicators](index=8&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Operating revenue decreased by **6.88%**, net profit attributable to shareholders turned to significant loss, and operating cash flow decreased by **72.04%**, while total assets grew by **12.57%** Key Accounting Data and Financial Indicators (Current Reporting Period vs. Prior Year Period) | Indicator | Current Period (RMB) | Prior Year Period (RMB) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 3,457,782,947.84 | 3,713,194,472.99 | -6.88% | | Net Profit Attributable to Shareholders of Listed Company | -155,687,429.46 | 834,887,968.34 | -118.65% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | -200,356,211.23 | 523,299,264.52 | -138.29% | | Net Cash Flow from Operating Activities | 197,442,097.69 | 706,245,985.45 | -72.04% | | Basic Earnings Per Share (RMB/share) | -0.19 | 1.00 | -119.00% | | Diluted Earnings Per Share (RMB/share) | -0.19 | 1.00 | -119.00% | | Weighted Average Return on Net Assets | -1.39% | 6.83% | -8.22% | | Total Assets (Period-end) | 19,751,298,977.10 | 17,545,051,088.73 | 12.57% | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 10,697,695,441.83 | 11,345,137,924.82 | -5.71% | [V. Differences in Accounting Data Under Domestic and International Accounting Standards](index=8&type=section&id=V.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20International%20Accounting%20Standards) No differences in net profit and net assets were reported between financial statements prepared under international/overseas and Chinese accounting standards - The company reported no differences in net profit and net assets between financial reports disclosed under International Accounting Standards and Chinese Accounting Standards during the reporting period[19](index=19&type=chunk) - The company reported no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese Accounting Standards during the reporting period[20](index=20&type=chunk) [VI. Non-Recurring Gains and Losses Items and Amounts](index=8&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Total non-recurring gains and losses were **RMB 44.67 million**, mainly from asset disposal, government grants, and fair value changes, after tax and minority interest Non-Recurring Gains and Losses Items and Amounts | Item | Amount (RMB) | | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | 421,858.68 | | Government Grants Recognized in Current Profit and Loss (excluding those closely related to normal operations, compliant with national policies, and with continuous impact) | 27,166,823.52 | | Gains and Losses from Fair Value Changes of Financial Assets and Liabilities Held by Non-Financial Enterprises, and Gains and Losses from Disposal of Financial Assets and Liabilities (excluding effective hedge accounting related to normal business operations) | 39,408,423.49 | | Other Non-Operating Income and Expenses Apart from the Above Items | 98,019.95 | | Less: Income Tax Impact | 10,035,259.22 | | Minority Interest Impact (After Tax) | 12,391,084.65 | | Total | 44,668,781.77 | - The company has no other profit and loss items that meet the definition of non-recurring gains and losses, nor does it classify non-recurring gains and losses as recurring profit and loss items[23](index=23&type=chunk) [Part III Management Discussion and Analysis](index=10&type=section&id=Part%20III%20Management%20Discussion%20and%20Analysis) This section provides a comprehensive review of the company's operations, financial performance, core competencies, investment activities, and risk management strategies during the reporting period [I. Main Businesses Engaged by the Company During the Reporting Period](index=10&type=section&id=I.%20Main%20Businesses%20Engaged%20by%20the%20Company%20During%20the%20Reporting%20Period) The company deepened its three core businesses—new energy lithium materials, anti-static products, and medical devices—driven by innovation in solid-state batteries, ion exchange membranes, and digital green development - The company continued to deepen its layout in three core business areas: new energy lithium battery materials, anti-static and ultra-clean technology products, and medical device products[25](index=25&type=chunk) - The company, driven by technological innovation and guided by precise customer demand, continuously strengthened its core competitiveness in various fields[25](index=25&type=chunk) [(I) Three Major Business Segments](index=10&type=section&id=(I)%20Three%20Major%20Business%20Segments) The company's three segments are new energy lithium materials, anti-static ultra-clean products for high-end manufacturing, and medical devices, including innovative active equipment - The new energy lithium battery materials business focuses on battery-grade lithium hydroxide and lithium carbonate, widely used in new energy vehicle power batteries, communication electronic product power equipment, and energy storage[26](index=26&type=chunk) - Anti-static and ultra-clean technology products provide integrated solutions for electrostatic and micro-pollution control to high-end manufacturing industries such as semiconductors, new displays, hard disk storage, and biomedicine[27](index=27&type=chunk) - Subsidiary Yushou Medical is a pioneer in China's medical device sector, holding WHO, EU CE, and US FDA certifications, and innovatively developing active medical devices such as CT contrast injection devices, medical CT tubes, and steep pulse therapy instruments[30](index=30&type=chunk) [(II) Deepening R&D in Solid-State Battery Materials and Developing Multiple New Energy Materials](index=11&type=section&id=(II)%20Deepening%20R%26D%20in%20Solid-State%20Battery%20Materials%20and%20Developing%20Multiple%20New%20Energy%20Materials) The company is actively developing solid-state battery materials, with subsidiaries achieving mass production of various cathode materials and high-purity lithium sulfide for solid electrolytes, receiving positive feedback - Subsidiary Jiangsu Yili develops cathode materials for solid-state battery systems, including medium-nickel high-voltage ternary cathodes, high-nickel high-voltage ternary cathodes, O3-phase lithium cobalt oxide, and 4.65V O2-phase lithium cobalt oxide, with several products reaching mass production status[32](index=32&type=chunk) - Subsidiary Emit develops lithium-rich manganese-based and spinel lithium nickel manganese oxide high-voltage manganese-based cathode materials, demonstrating good performance in specific capacity, cycle life, high/low temperature applicability, and safety, with some products already sold[32](index=32&type=chunk) - The company is conducting R&D and industrialization of lithium sulfide, a core raw material for sulfide solid electrolytes, with product purity reaching **99.9%**, and has been sampled by leading enterprises with positive feedback[33](index=33&type=chunk) [(III) Continuous Innovation, Deepening Layout in Ion Exchange Membrane Core Technology](index=11&type=section&id=(III)%20Continuous%20Innovation%2C%20Deepening%20Layout%20in%20Ion%20Exchange%20Membrane%20Core%20Technology) Leveraging national labs, the company developed gradient ion membranes for flow batteries, overcoming performance trade-offs, passing single-cell tests, and showing potential for hydrogen production and fuel cells - The company, relying on platforms such as the National Key Laboratory of Fine Chemicals, is deeply deploying core ion exchange membrane technology in the field of flow battery energy storage[34](index=34&type=chunk) - The gradient ion membrane constructed by the company has overcome the trade-off effects among ion conductivity, ion selectivity, and oxidation stability, with assembled acidic aqueous flow batteries demonstrating superior overall performance compared to perfluorosulfonic acid membranes[34](index=34&type=chunk) - The ion exchange membranes developed by the company have passed single-cell verification tests by several domestic renowned flow battery companies, with future technology extendable to new energy fields such as hydrogen production by water electrolysis and fuel cells[34](index=34&type=chunk) [(IV) Deepening Strategic Cooperation, Successfully Approved for National Postdoctoral Research Workstation](index=11&type=section&id=(IV)%20Deepening%20Strategic%20Cooperation%2C%20Successfully%20Approved%20for%20National%20Postdoctoral%20Research%20Workstation) The company established a National Postdoctoral Research Workstation through strategic partnerships, focusing on new energy, electrostatic protection, and biomedicine to drive innovation and talent development - The company deepened strategic cooperation with universities and research institutes, successfully obtaining approval to establish a National Postdoctoral Research Workstation[35](index=35&type=chunk) - The postdoctoral research workstation focuses on core topics such as advanced new energy material research and industrialization, semiconductor breakdown mechanisms and protection technology (electrostatic protection technology), and nanosecond low-energy plasma tumor ablation mechanisms and equipment research[35](index=35&type=chunk) - The establishment of the National Postdoctoral Research Workstation significantly enhanced the company's independent innovation capabilities, promoted industrial upgrading through technological achievements, and provided talent reserves and technical support for high-quality development in relevant fields[36](index=36&type=chunk) [(V) Actively Participating in Electrostatic Protection Standardization, Promoting Industry Technology Development](index=12&type=section&id=(V)%20Actively%20Participating%20in%20Electrostatic%20Protection%20Standardization%2C%20Promoting%20Industry%20Technology%20Development) As an IEC TC101 expert, the company actively contributes to international electrostatic protection standardization, leading key chapters and reports, and received an "Outstanding Achievement Award for Standardization Work" - As an IEC TC101 registered expert unit, the company led the drafting of the "Ionization Static Eliminator" chapter and the appendix section "Electrostatic Control Parameter Implementation Monitoring System" in IEC TS 61340-5-2 "Electrostatics - Part 5-2: Protection of electronic devices from electrostatic phenomena - User guide"[37](index=37&type=chunk) - The company participated in drafting the technical report on "Electrostatic Protection for Lithium-Ion Battery and Battery Pack Production," which clarifies the anti-static work area and special process requirements for lithium battery production[37](index=37&type=chunk) - The company was successively selected into the National Electrostatic Standardization Technical Committee's WG2 Anti-static Products Working Group and WG3 Industry Application Working Group, leading the drafting of national standards and receiving the "Outstanding Achievement Award for Standardization Work"[38](index=38&type=chunk) [(VI) Integrating Digital Intelligence, Leading Industry Innovation](index=12&type=section&id=(VI)%20Integrating%20Digital%20Intelligence%2C%20Leading%20Industry%20Innovation) The company is driving digital transformation to build a green, intelligent lithium battery enterprise, with its subsidiary Fengxin Times achieving "Digital Intelligence Factory" status through integrated digital systems - The company continuously invests in digital construction, deeply integrating it with corporate strategy, business processes, and technological innovation, aiming to build a green, intelligent benchmark enterprise in the lithium battery sector[39](index=39&type=chunk) - Subsidiary Fengxin Times, through the integration of seven core systems (PLM, MES, WMS&TMS, ERP, CRM, SRM, and BI), has formed a digital ecosystem characterized by "front-end design traction, production data-driven, and closed-loop operational management"[39](index=39&type=chunk) - Fengxin Times was recognized as one of Jiangxi Province's first batch of "Digital Intelligence Factories" in 2025, successfully establishing a benchmark for digital transformation[39](index=39&type=chunk) [(VII) Practicing Sustainable Development, Driving Green Growth](index=12&type=section&id=(VII)%20Practicing%20Sustainable%20Development%2C%20Driving%20Green%20Growth) The company champions sustainable development, with subsidiary Yushou Medical achieving "Jiangsu Green Factory" status and "Five-Star Cloud Enterprise" recognition through intelligent upgrades and green production practices - The company consistently upholds the concept of sustainable development, continuously striving in energy conservation and emission reduction, green production, and resource recycling[40](index=40&type=chunk) - Subsidiary Yushou Medical is committed to building a model green factory, accelerating intelligent upgrading through the construction of an industrial internet platform and five-star cloud adoption, creating a data-driven smart factory[40](index=40&type=chunk) - Yushou Medical successfully earned the "Jiangsu Green Factory" title and was awarded "Jiangsu Provincial Enterprise-level Industrial Internet Platform" and "Jiangsu Five-Star Cloud Enterprise" honors[40](index=40&type=chunk) [(VIII) Main Operating Models](index=12&type=section&id=(VIII)%20Main%20Operating%20Models) The company maintains independent R&D, production, procurement, and sales models, largely unchanged, utilizing diverse strategies from joint R&D to a global three-tier marketing network - The company operates with independent and complete R&D, production, procurement, and product sales models, conducting production and business activities autonomously based on market demand and internal conditions[41](index=41&type=chunk) - The R&D model involves independent enterprise development, university-enterprise collaboration, industry-academia-research cooperation, and direct communication with end-customers for personalized demand analysis and joint R&D[42](index=42&type=chunk)[43](index=43&type=chunk) - Production model: Lithium battery materials utilize ERP and MES systems, combining planning and orders; anti-static and ultra-clean technology products operate on a "production based on sales with appropriate inventory" basis; medical device products are scheduled for production based on orders, with regular products maintaining inventory[43](index=43&type=chunk) - Procurement model: Lithium battery materials are primarily imported spodumene concentrate through long-term agreements, with caustic soda and sulfuric acid procured domestically; anti-static and ultra-clean technology product raw material supply is stable, with prices fluctuating with oil; medical device products establish strict procurement control procedures to screen qualified suppliers[43](index=43&type=chunk) - Sales model: Lithium battery materials establish long-term cooperative relationships with downstream customers in the industry chain; anti-static and ultra-clean technology products focus on providing solutions, with direct sales of proprietary brands; medical device products build a three-tier global marketing network of "direct sales + regional agents + e-commerce"[44](index=44&type=chunk)[45](index=45&type=chunk) [(IX) Key Performance Drivers](index=13&type=section&id=(IX)%20Key%20Performance%20Drivers) Performance is driven by external new energy material supply-demand dynamics and internal strategic focus on existing and emerging businesses, including solid-state battery R&D, cost reduction, and technological advantages - Changes in the supply-demand relationship for new energy lithium battery materials are the primary external factors driving the company's performance, influenced by "carbon neutrality" and "carbon peaking" policies, new energy vehicle penetration, and energy storage industry development[46](index=46&type=chunk) - Refinement of existing businesses and strategic deployment in emerging industries are the main internal drivers of the company's performance growth, including deepening product R&D and innovation, establishing long-term strategic partnerships, expanding business boundaries, and tackling cutting-edge technologies (e.g., solid-state battery material R&D)[46](index=46&type=chunk) - The company will continue to enhance operational management, scientifically promote cost reduction and efficiency improvement, consolidate its industry-leading position by creating high-quality products, strengthening technological advantages, and improving service systems, and deepen strategic cooperation with core customers to expand market share[47](index=47&type=chunk) [(X) Industry Development Stage and Position](index=14&type=section&id=(X)%20Industry%20Development%20Stage%20and%20Position) The company holds leading positions in new energy lithium materials, anti-static products, and medical devices, benefiting from market growth and technological advantages despite intensified competition and profit pressures - The new energy lithium battery materials industry benefits from a favorable automotive market and rapid growth in new energy vehicles, with production and sales of new energy vehicles increasing by **41.4%** and **40.3%** respectively from January to June 2025, and new vehicle sales accounting for **44.3%**[48](index=48&type=chunk) - The new energy lithium battery materials industry faces challenges of intensified competition and sustained pressure on profitability, but the company has developed into a leading enterprise in this field due to its scale advantages, excellent processes, and product quality[49](index=49&type=chunk) - The anti-static and ultra-clean technology products industry benefits from the advancement of intelligent manufacturing and the popularization of green manufacturing concepts, with the company holding a leading position in this field, possessing a complete supporting system and integrated supply capability[49](index=49&type=chunk)[50](index=50&type=chunk) - The medical device industry shows considerable market growth, driven by an aging population, advancements in medical technology, and policy support; Yushou Medical, with its cutting-edge technology and innovation, possesses high technical barriers in the field of pipeline-type high-pressure injector equipment[50](index=50&type=chunk) [II. Core Competitiveness Analysis](index=14&type=section&id=II.%20Core%20Competitiveness%20Analysis) The company's core competitiveness spans new energy lithium materials (advanced tech, smart management, client base, ESG, lithium reserves), anti-static products (clientele, tech, processes), and medical devices (R&D, smart manufacturing, innovation, partnerships) - The company's new energy lithium battery materials are primarily suitable for ternary cathode materials in new energy vehicle power batteries, as well as applications in solid-state lithium batteries and semi-solid-state lithium batteries[51](index=51&type=chunk) - The company has accumulated high-quality customer resources, advanced technology, and production processes in the anti-static and ultra-clean technology industry, enabling it to provide electrostatic and micro-pollution control solutions to downstream mid-to-high-end customers[55](index=55&type=chunk) - Yushou Medical, with years of accumulated R&D and manufacturing capabilities in medical device products, has established long-term partnerships with renowned domestic and international enterprises and customers, and was successfully approved as a 2025 Jiangsu Provincial Advanced Smart Factory[56](index=56&type=chunk) [1. New Energy Lithium Battery Materials Business](index=14&type=section&id=1.%20New%20Energy%20Lithium%20Battery%20Materials%20Business) Core competitiveness in new energy lithium materials includes advanced process technology, intelligent management, stable key customer relationships, leading ESG practices, and increasing lithium ore reserves through global and domestic resource acquisition - The company's lithium hydroxide products exhibit high quality stability and consistency, with impurities like K controlled to within **0.001%**, magnetic substance content within **10ppb**, and D50 particle size for micropowder products ranging from **6-18um**[51](index=51&type=chunk) - The company's lithium carbonate products feature independently developed advanced production processes and proprietary technologies, characterized by simplified procedures, high automation, high recovery rates, and excellent energy consumption control[52](index=52&type=chunk) - The company's newly developed cathode materials, including high-voltage lithium cobalt oxide, high-nickel ternary, lithium-rich manganese-based, and spinel nickel-manganese materials, are suitable for solid-state and semi-solid-state lithium battery applications, having been sampled by multiple customers and received qualified evaluations[52](index=52&type=chunk) - The company systematically promotes smart factory construction with Industry 4.0 as its core framework, building a full-scenario digital solution covering production control, energy efficiency optimization, and quality traceability[52](index=52&type=chunk) - The company's battery-grade lithium hydroxide products have established long-term and stable cooperative relationships with multiple leading domestic and international vehicle manufacturers, power battery manufacturers, and mainstream lithium battery cathode material producers[53](index=53&type=chunk) - The company demonstrates excellent ESG performance, receiving the highest **AAA** rating from CSI ESG Index and an **AA** rating from Wind ESG, with subsidiary Tianyi Lithium obtaining the nation's first EU Battery Regulation Carbon Footprint Verification Statement[53](index=53&type=chunk) - Through a global lithium ore resource layout, the company holds multiple mining rights and owns a beneficiation plant in Nigeria, and has discovered lithium resources in Congo (DRC) with an ore volume of **25 million tons** and an average grade of **1.36%**[54](index=54&type=chunk) - Domestically, the company, through its subsidiaries Sichuan Tianhua and Yichun Shengyuan, acquired lithium exploration and mining rights via auction, gradually increasing its self-sufficiency rate for spodumene concentrate[54](index=54&type=chunk) [2. Anti-Static and Ultra-Clean Technology Products Business](index=15&type=section&id=2.%20Anti-Static%20and%20Ultra-Clean%20Technology%20Products%20Business) The company, a leading supplier in anti-static and ultra-clean technology, offers high-quality, cost-effective solutions to mid-to-high-end clients, driven by continuous R&D investment and operational excellence - The company has accumulated high-quality customer resources, advanced technology, and production processes in the anti-static and ultra-clean technology industry, enabling it to provide electrostatic and micro-pollution control solutions to downstream mid-to-high-end customers[55](index=55&type=chunk) - As a core supplier to numerous globally renowned electronic manufacturers, the company continuously creates value for customers and maintains its industry-leading position by offering high-quality, diverse, low-cost products and rapid response capabilities[55](index=55&type=chunk) - The company continuously increases investment in technology R&D, introduces high-end technical talents, and enhances operational management capabilities to ensure excellent product quality, efficient capacity utilization, and improved customer satisfaction[55](index=55&type=chunk) [3. Medical Device Products Business](index=16&type=section&id=3.%20Medical%20Device%20Products%20Business) Yushou Medical, a national high-tech enterprise, achieved "Jiangsu Provincial Advanced Smart Factory" status, demonstrating leading intelligent manufacturing capabilities and long-term partnerships in medical device R&D and production - Yushou Medical is a national high-tech enterprise specializing in medical device R&D, manufacturing, sales, and service, having established long-term partnerships with renowned domestic and international enterprises and customers based on years of accumulated R&D and manufacturing capabilities[56](index=56&type=chunk) - During the reporting period, Yushou Medical, with its intelligent production layout and technological innovation capabilities, was successfully approved as a 2025 Jiangsu Provincial Advanced Smart Factory, signifying its intelligent manufacturing level is firmly among the province's top tier[56](index=56&type=chunk) - Yushou Medical will uphold its mission of "making high-quality medical devices accessible to all," continuously providing safer and more efficient intelligent solutions to the global medical industry[56](index=56&type=chunk) [III. Main Business Analysis](index=16&type=section&id=III.%20Main%20Business%20Analysis) Main business revenue decreased by **6.88%**, with lithium materials revenue down **8.14%** and gross margin down **15.42%**, leading to a significant net loss, while financing cash flow increased due to new borrowings Year-on-Year Changes in Key Financial Data | Indicator | Current Period (RMB) | Prior Year Period (RMB) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 3,457,782,947.84 | 3,713,194,472.99 | -6.88% | | | Operating Cost | 3,208,502,723.05 | 2,983,170,662.98 | 7.55% | | | Selling Expenses | 25,504,614.26 | 23,361,559.13 | 9.17% | | | Administrative Expenses | 174,117,165.14 | 186,027,888.26 | -6.40% | | | Financial Expenses | 78,253,875.34 | -48,727,921.13 | 260.59% | Primarily due to decreased interest income, increased interest expenses, and increased exchange losses during the reporting period | | Income Tax Expense | -30,540,938.05 | 190,131,956.91 | -116.06% | Primarily due to decreased taxable income during the reporting period | | Net Cash Flow from Operating Activities | 197,442,097.69 | 706,245,985.45 | -72.04% | Primarily due to decreased cash received from other operating activities during the reporting period | | Net Cash Flow from Investing Activities | -2,618,623,283.55 | -1,190,290,871.23 | -120.00% | Primarily due to increased cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets during the reporting period | | Net Cash Flow from Financing Activities | 2,577,532,403.04 | -1,394,119,664.97 | 284.89% | Primarily due to increased cash received from capital contributions and borrowings during the reporting period | | Net Increase in Cash and Cash Equivalents | 144,516,657.83 | -1,880,755,033.54 | 107.68% | Primarily due to increased net cash flow from financing activities during the reporting period | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (RMB) | Operating Cost (RMB) | Gross Profit Margin | Year-on-Year Change in Operating Revenue | Year-on-Year Change in Operating Cost | Year-on-Year Change in Gross Profit Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Lithium Battery Materials Products | 3,045,544,484.04 | 2,969,672,514.36 | 2.49% | -8.14% | 9.11% | -15.42% | - There were no significant changes in the company's profit composition or sources during the reporting period[58](index=58&type=chunk) [IV. Non-Core Business Analysis](index=17&type=section&id=IV.%20Non-Core%20Business%20Analysis) Non-core businesses impacted total profit, with **RMB 12.42 million** in investment income (6.10% of total profit) lacking sustainability, and negative impacts from fair value changes and **RMB 59.29 million** in asset impairment losses Non-Core Business Analysis | Item | Amount (RMB) | Proportion of Total Profit | Explanation for Formation | Sustainability | | :--- | :--- | :--- | :--- | :--- | | Investment Income | 12,420,142.06 | 6.10% | Bill discount interest, investment income from associates accounted for using the equity method, and interest income from debt investments held | No | | Gains and Losses from Fair Value Changes | -2,331,413.99 | -1.15% | | No | | Asset Impairment | -59,286,871.85 | -29.13% | Inventory write-downs and long-term equity investment impairment | No | | Non-Operating Income | 529,820.52 | 0.26% | | No | | Non-Operating Expenses | 454,785.52 | 0.22% | | No | [V. Analysis of Assets and Liabilities](index=17&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets grew by **12.57%** to **RMB 19.75 billion**, with significant increases in accounts receivable, construction in progress, short-term borrowings, and contract liabilities, while fair value financial assets decreased substantially Significant Changes in Asset Composition | Item | Amount at End of Current Period (RMB) | Proportion of Total Assets | Amount at End of Prior Year (RMB) | Proportion of Total Assets | Change in Proportion | Explanation for Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 2,572,160,527.16 | 13.02% | 2,427,889,464.49 | 13.84% | -0.82% | | | Accounts Receivable | 579,343,046.63 | 2.93% | 369,221,757.73 | 2.10% | 0.83% | Primarily due to significant sales in the last month of the current period | | Contract Assets | 1,142,213.28 | 0.01% | 2,179,311.78 | 0.01% | 0.00% | Primarily due to decreased unexpired quality assurance deposits in the current period | | Inventories | 1,720,689,274.33 | 8.71% | 2,324,176,302.91 | 13.25% | -4.54% | |

Market Overview - The Shanghai Composite Index closed at 3825.76 points, above the annual line, with an increase of 1.45% [1] - The total trading volume of A-shares reached 25,788.42 billion yuan [1] Stocks Breaking Annual Line - A total of 24 A-shares have surpassed the annual line today, with notable stocks including NovaStar, Nasda, and Zhaoshengwei, showing significant deviation rates of 7.19%, 4.59%, and 4.07% respectively [1] - Stocks with smaller deviation rates that just crossed the annual line include China National Materials, Kweichow Moutai, and Ruisi Kanda [1] Top Stocks by Deviation Rate - The top three stocks with the highest deviation rates are: - NovaStar (7.19% deviation, latest price 174.84 yuan) [1] - Nasda (4.59% deviation, latest price 26.55 yuan) [1] - Zhaoshengwei (4.07% deviation, latest price 84.73 yuan) [1] Additional Notable Stocks - Other notable stocks with significant performance include: - Jin Yu Medical (3.28% deviation, latest price 31.57 yuan) [1] - China Merchants Heavy Industry (3.08% deviation, latest price 6.59 yuan) [1] - BOE Technology Group (2.18% deviation, latest price 4.18 yuan) [1]

Group 1 - The company Tianhua Xinneng holds multiple mining rights in Nigeria's Lasa Lawa State, specifically for lithium, and operates a beneficiation plant [2] - The company's subsidiary controls a mining company in the Democratic Republic of the Congo, responsible for project construction and operational management, with an estimated lithium (Li2O) resource of 25 million tons at an average grade of 1.36% [2] - The subsidiary Yichun Shengyuan obtained a mining license for a ceramic soil (containing lithium) mine in Jiangxi Province, which is currently in the preparatory development stage [2]

Group 1 - The stock price of Tianhua New Energy (300390) closed at 20.3 yuan, down 3.01%, with a turnover rate of 2.52% and a trading volume of 169,100 hands, amounting to 349 million yuan [1] - The net outflow of main funds today was 42.18 million yuan, accounting for 12.1% of the transaction amount, with large orders seeing a net outflow of 25.86 million yuan (7.42%) and small orders a net inflow of 31.47 million yuan (9.03%) [1] - The latest quarterly report shows total operating revenue of 1.688 billion yuan, a year-on-year decrease of 3.80%, and a net profit attributable to shareholders of 3.26 million yuan, down 99.35% year-on-year [1] Group 2 - Tianhua New Energy has invested in 21 companies and participated in 37 bidding projects, holding 32 trademark registrations and 163 patents, along with 16 administrative licenses [2] - The company was established in 1997 and is primarily engaged in the manufacturing of computers, communications, and other electronic equipment [1][2]

金融界消息 截至2025年8月13日收盘，天华新能（300390）报收于20.93元，上涨0.14%，换手率 2.77%，成交量18.65万手，成交金额3.91亿元。 资金流向方面，今日主力资金净流出3642.12万元，占比成交额9.32%。其中，超大单净流出819.17万 元、占成交额2.1%，大单净流出2822.95万元、占成交额7.22%，中单净流出流入978.58万元、占成交额 2.5%，小单净流入2663.53万元、占成交额6.81%。 天华新能最新一期业绩显示，截至2025一季报，公司营业总收入16.88亿元、同比减少3.80%，归属净利 润325.88万元，同比减少99.35%，扣非净利润2737.27万元，同比减少110.56%，流动比率1.835、速动比 率1.285、资产负债率23.00%。 天眼查商业履历信息显示，苏州天华新能源科技股份有限公司，成立于1997年，位于苏州市，是一家以 从事计算机、通信和其他电子设备制造业为主的企业。企业注册资本83075.0788万人民币，实缴资本 4000万人民币。公司法定代表人为陆建平。 通过天眼查大数据分析，苏州天华新能源科技股份有限公司共对外投资 ...

天华新能（300390.SZ）8月13日在投资者互动平台表示，Zulu锂钽矿项目是Premier African Minerals Limited公司旗下矿权资产，目前公司持有Premier股份比例为13.38%。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：天华新能认购津巴布韦Zulu锂钽矿项目运营方Premier African Minerals13.38%的股权，成为其第一大股东，并获得未来Premier锂精矿产品50%的包销权。Zulu 项目是非洲最大的未开发硬岩锂矿之一，规划年产能8.4万吨锂精矿。目前天华新能获得Zulu锂矿股权 是多少？持有多少百分比Premier普通股？ ...