苏州天华新能源科技股份有限公司 关于控股股东、实际控制人协议转让公司部分股份 证券代码：300390 证券简称：天华新能 公告编号：2025-059 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，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"）于近日收到公司控 股股东、实际控制人裴振华、容建芬夫妇的通知，其与宁德时代新能源科技股份 有限公司（以下简称"宁德时代"）协议转让公司部分股份事宜已完成过户登记手 续，并取得由中国证券登记结算有限责任公司出具的《证券过户登记确认书》， 具体情况公告如下： 一、本次股份协议转让的基本情况 完成过户登记的公告 1、本次股份转让不会导致公司实际控制人、控股股东发生变更，本次股份 转让事项不触及要约收购，不会对公司治理结构及持续经营产生不利影响，也不 存在损害上市公司及其他股东利益的情形。 2、本次股份转让完成前，宁德时代持有公司 4,915,863 股股份，占公司股 份总数的 0.59%。本次股份转让完成后，宁德时代将持有公司 112,498,188 股股 份，占公司股份总数的 13.54%，为当前公司第二大股东。 3、本 ...

Core Viewpoint - The battery sector shows signs of recovery with the Battery 50 ETF (159796) experiencing a slight increase, reflecting active buying interest and significant net subscriptions [1][2]. Market Performance - The Battery 50 ETF (159796) saw a minor increase of 0.31% with a trading volume exceeding 220 million yuan, indicating active market participation [1]. - The index's constituent stocks exhibited mixed performance, with Tianhua New Energy rising over 5% and CATL increasing nearly 2%, while some stocks like Sungrow Power and Canadian Solar faced declines exceeding 2% [2]. Industry Developments - A meeting held on November 28 focused on regulating competition in the power and energy storage battery industry, aiming to promote high-quality development and address irrational competition [4]. - The meeting emphasized the need for policies to mitigate "involution" in the industry, enhance capacity monitoring, and ensure product quality, which is expected to lead to a more balanced market environment [5]. Price Trends - The lithium battery supply chain is experiencing a price increase driven by strong demand in the power and energy storage sectors, with significant growth in electric vehicle sales and battery installation [6][8]. - The price of lithium iron phosphate materials is on the rise, with shipments reaching 2.575 million tons in the first three quarters of 2025, indicating a tightening supply situation [9]. Investment Opportunities - The Battery 50 ETF (159796) is highlighted for its high exposure to the energy storage segment, which accounts for 26% of its index, and its significant allocation to solid-state batteries, which is expected to benefit from technological advancements [10][12]. - The ETF is positioned as a low-cost investment option with a management fee of only 0.15% per year, making it attractive for investors looking to capitalize on the battery sector's growth [15].

展望后市，华福证券认为，相关针对性政策、举措有望出台，产业链价格有望回归"合理化区间"。大部 分锂电材料子行业未来几年有望实现合理化有序扩产，大概率不会出现大幅过剩现象。同时，部分盈利 能力过低、回报周期较长的子行业有望实现一定幅度价格上涨。 （文章来源：每日经济新闻） 12月1日，A股三大指数集体高开。创业板新能源ETF华夏（159368）早盘上涨0.75%。盘面上，天华新 能上涨12.75%，星源材质涨超6%，德福科技上涨5.65%。截至发文，创业板新能源ETF华夏（159368） 成交额1942万元，居同类基金首位。 创业板新能源ETF华夏（159368）是全市场跟踪创业板新能源指数的规模最大ETF基金。创业板新能源 指数主要涵盖新能源和新能源汽车产业，涉及电池、光伏等多个细分领域。创业板新能源ETF华夏 （159368）弹性最大，涨幅可达20cm；费率最低，管理费和托管费合计仅为0.2%；规模最大，截至 2025年10月31日，规模达8.29亿元；成交额最大，近一月日均成交9005万元。其储能含量达59%，固态 电池含量达32%，契合当下市场热点。 消息面上，11月28日，工信部组织召开动力和储能电池 ...

Core Viewpoint - The company Tianhua New Energy is actively engaging in the production and development of lithium-based materials, specifically focusing on battery-grade lithium carbonate and lithium sulfide, with positive feedback from clients on their samples [2]. Group 1: Production Capacity - Tianhua New Energy's subsidiary in Meishan, Sichuan, has an annual production capacity of 60,000 tons of battery-grade lithium hydroxide, with one flexible production line capable of converting 30,000 tons of this capacity into 26,500 tons of battery-grade lithium carbonate based on market demand [2]. - The subsidiary in Yichun, Jiangxi, has an annual production capacity of 30,000 tons of battery-grade lithium carbonate [2]. Group 2: Research and Development - The company is engaged in the research and industrialization of lithium sulfide materials, which are core raw materials for solid-state electrolytes [2]. - Tianhua New Energy has sent samples of lithium sulfide to multiple clients and has received positive feedback, indicating a successful initial response [2]. - The company is currently in the process of further promoting the volume sampling of lithium sulfide [2].

Group 1 - The core viewpoint highlights the significant rise in rare metal stocks driven by the dual forces of new energy transition and high-end manufacturing upgrades, with the rare metal theme index showing a strong performance [1][2] - As of November 27, 2025, the rare metal ETF fund has accumulated a 15.14% increase over the past three months, indicating strong investor interest and market momentum [1] - The liquidity of the rare metal ETF fund is notable, with a turnover rate of 5.29% and a total transaction volume of 975.95 million yuan, reflecting active trading [1] Group 2 - The strategic value of rare metals is emphasized, with traditional demand remaining stable while emerging fields like humanoid robots and low-altitude economy are becoming significant growth drivers [2] - The industry is experiencing increased concentration due to tighter domestic supply controls and enhanced export regulations, which are expected to support rising rare metal prices and improve corporate profitability [2] - The top ten weighted stocks in the rare metal theme index account for 60% of the index, with companies like Northern Rare Earth and Luoyang Molybdenum leading the way [2][4]

Core Viewpoint - The battery industry is increasingly focusing on upstream investments to secure key resources, with companies like Ningde Times and Tianhua New Energy forming strategic partnerships to enhance supply chain stability and meet growing market demand [1][2][3]. Group 1: Company Transactions and Partnerships - Tianhua New Energy announced a transfer of 108 million unrestricted shares to Ningde Times for a total price of 2.635 billion yuan, which represents 12.95% of Tianhua's total shares [1]. - After the transaction, Ningde Times will hold 13.54% of Tianhua New Energy, becoming a significant strategic shareholder [1]. - This is not the first collaboration between the two companies; Ningde Times previously held 0.59% of Tianhua and has been involved in joint ventures such as Tianyi Lithium Industry, focusing on lithium hydroxide production [2]. Group 2: Industry Trends and Capacity Expansion - Major battery manufacturers, including Ningde Times, are actively expanding their upstream resource integration to ensure stable supply chains amid increasing demand for lithium resources [4]. - Ningde Times is expanding its production capacity across multiple locations, with significant expansions planned in Jining, Guangdong, and other regions, including an expected addition of over 100 GWh of energy storage capacity by 2026 in Jining [5]. - The lithium market has seen a price recovery, with lithium carbonate prices rising from around 60,000 yuan/ton to over 70,000 yuan/ton since the second half of the year [7]. Group 3: Future Market Outlook - Analysts predict that global lithium carbonate production could reach approximately 1.37 million tons by 2025, with China contributing about 70% of this output [7]. - The demand for energy storage and power batteries is expected to grow significantly due to favorable policies and market conditions, leading to a sustained high demand for lithium resources [7]. - The lithium supply-demand balance is anticipated to shift towards tight equilibrium between 2025 and 2028, with lithium prices expected to stabilize between 80,000 and 100,000 yuan/ton by 2026 [7].

11月27日，天华新能盘中下跌2.03%，截至10:54，报49.34元/股，成交16.20亿元，换手率4.81%，总市 值409.89亿元。 资金流向方面，主力资金净流出2.05亿元，特大单买入1.52亿元，占比9.38%，卖出2.28亿元，占比 14.04%；大单买入3.91亿元，占比24.12%，卖出5.21亿元，占比32.12%。 天华新能今年以来股价涨119.78%，近5个交易日跌19.04%，近20日涨61.19%，近60日涨145.35%。 今年以来天华新能已经4次登上龙虎榜，最近一次登上龙虎榜为11月21日，当日龙虎榜净买入3.72亿 元；买入总计10.40亿元 ，占总成交额比19.44%；卖出总计6.68亿元 ，占总成交额比12.48%。 资料显示，苏州天华新能源科技股份有限公司位于江苏省苏州工业园区双马街99号，成立日期1997年11 月13日，上市日期2014年7月31日，公司主营业务涉及新能源锂电材料、防静电超净技术产品、医疗器 械产品的生产和销售。主营业务收入构成为：锂电材料产品99.10%，其他(补充)0.90%。 天华新能所属申万行业为：电力设备-电池-电池化学品。所属概念板块包 ...

Core Viewpoint - The data indicates significant outflows of capital from various stocks, highlighting potential concerns regarding investor sentiment and market stability [1] Group 1: Major Stocks with Capital Outflows - WuXi AppTec experienced a capital outflow of 367 million yuan [1] - Huadian Technology saw an outflow of 298 million yuan [1] - Lezhi Group had a capital outflow of 254 million yuan [1] - Inspur Information faced an outflow of 248 million yuan [1] - Yongding Holdings recorded an outflow of 245 million yuan [1] - Tianhua New Energy experienced a capital outflow of 211 million yuan [1] - Changxin Bochuang had an outflow of 198 million yuan [1] - Hainan Ruize saw an outflow of 197 million yuan [1] - Sanjiang Shopping recorded a capital outflow of 185 million yuan [1] - Yaowang Technology faced an outflow of 183 million yuan [1] - Tianji Holdings had a capital outflow of 182 million yuan [1] - CATL experienced an outflow of 159 million yuan [1] - BlueFocus Communication Group saw an outflow of 152 million yuan [1] - Industrial and Commercial Bank of China recorded a capital outflow of 151 million yuan [1] - China Film faced an outflow of 148 million yuan [1] - Vanke A experienced a capital outflow of 147 million yuan [1] - Guofeng New Materials saw an outflow of 142 million yuan [1] - Shiji Information recorded a capital outflow of 142 million yuan [1] - Meilixin faced an outflow of 135 million yuan [1] - Zhongwen Online experienced a capital outflow of 134 million yuan [1]

Group 1 - Tianhua New Energy's stock increased by 5.24%, reaching 52.60 CNY per share, with a trading volume of 3.396 billion CNY and a turnover rate of 10.18%, resulting in a total market capitalization of 43.697 billion CNY [1] - The company, Suzhou Tianhua New Energy Technology Co., Ltd., was established on November 13, 1997, and went public on July 31, 2014. Its main business involves the production and sales of new energy lithium battery materials, anti-static ultra-clean technology products, and medical devices [1] - The revenue composition of Tianhua New Energy is primarily from lithium battery materials, accounting for 99.10%, while other products contribute 0.90% [1] Group 2 - Among the top ten circulating shareholders of Tianhua New Energy, one fund from GF Fund ranks as a significant holder. The GF Guozhen New Energy Vehicle Battery ETF (159755) entered the top ten shareholders in the third quarter, holding 6.3451 million shares, which is 0.94% of the circulating shares [2] - The GF Guozhen New Energy Vehicle Battery ETF (159755) was established on June 15, 2021, with a latest scale of 15.097 billion CNY. It has achieved a year-to-date return of 53.97%, ranking 208 out of 4206 in its category, and a one-year return of 44.77%, ranking 383 out of 3983 [2] Group 3 - The fund manager of GF Guozhen New Energy Vehicle Battery ETF (159755) is Luo Guoqing, who has a cumulative tenure of 10 years and 47 days. The total asset scale of the fund is 104.711 billion CNY, with the best fund return during his tenure being 69.82% and the worst being -48.08% [3]

Core Viewpoint - Tianhua New Energy's stock has experienced significant volatility, with a year-to-date increase of 113.50%, but a recent decline of 19.81% over the past five trading days [1][2]. Financial Performance - For the period from January to September 2025, Tianhua New Energy reported revenue of 5.571 billion yuan, a year-on-year increase of 2.17%, while net profit attributable to shareholders decreased by 96.44% to 32.8656 million yuan [2]. - The company has distributed a total of 3.093 billion yuan in dividends since its A-share listing, with 2.611 billion yuan distributed over the past three years [3]. Stock Market Activity - As of November 24, Tianhua New Energy's stock price was 47.93 yuan per share, with a market capitalization of 39.818 billion yuan and a trading volume of 2.462 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent net purchase of 372 million yuan on November 21 [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders increased to 75,900, with an average of 8,863 shares held per shareholder, a decrease of 6.49% from the previous period [2]. - Major shareholders include E Fund's ChiNext ETF and Southern CSI 500 ETF, both of which have reduced their holdings [3].