苏州天华新能源科技股份有限公司（以下简称"公司"）第六届监事会第二十 次会议于 2025 年 10 月 24 日下午在公司三楼会议室以现场方式召开，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 10 月 13 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。 证券代码：300390 证券简称：天华新能 公告编号：2025-053 苏州天华新能源科技股份有限公司 关于第六届监事会第二十次会议决议的公告 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。 2、审议通过《关于调整使用闲置自有资金购买理财产品相关事项的议案》 监事会认为：公司及控股子公司调整使用闲置自有资金购买理财产品相关事 项符合相关法规的规定，审批程序合法，不会对公司经营活动造成不利影响，不 存在损害公司及股东利益的情形。同意本次公司及控股子公司调整使用闲置自有 资金购买理财产品相关事项。 表决结果：3 票同意，0 票反对，0 票弃权。 特此公告。 苏州天华新能源科技股份有 ...

本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 证券代码：300390 证券简称：天华新能 公告编号：2025-052 苏州天华新能源科技股份有限公司 关于第六届董事会第二十八次会议决议的公告 经审议，董事会同意公司及控股子公司向广州期货交易所申请氢氧化锂指定交 割厂库的资质，授权公司管理层提交申请材料，并办理其他相关事宜。 具体内容详见公司同日刊登在巨潮资讯网上的《关于申请广州期货交易所氢氧 化锂指定交割厂库的公告》（公告编号：2025-055）。 表决结果：6 票同意，0 票反对，0 票弃权。 3、审议通过《关于调整使用闲置自有资金购买理财产品相关事项的议案》 苏州天华新能源科技股份有限公司（以下简称"公司"）第六届董事会第二十八 次会议于 2025 年 10 月 24 日上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 10 月 13 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 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥2,113,144,464.43, representing a year-over-year increase of 21.47%[4] - Net profit attributable to shareholders was ¥188,553,020.00, a significant increase of 113.22% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥102,606,360.48, up by 27.96% year-over-year[4] - Total operating revenue for the current period reached ¥5,570,927,412.27, an increase from ¥5,452,775,594.77 in the previous period, reflecting a growth of approximately 2.9%[21] - Net profit for the current period was ¥13,260,782.47, a significant decrease from ¥1,117,054,109.21 in the previous period, indicating a decline of approximately 98.8%[22] - The total comprehensive income attributable to the parent company was CNY 50,943,423.49, compared to CNY 819,254,225.14 in the previous period[23] - The total comprehensive income for the period was CNY 24,734,299.83, compared to CNY 1,012,989,727.44 in the previous period, indicating a sharp decline[23] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥20,019,788,030.05, reflecting a growth of 14.11% from the end of the previous year[4] - Current liabilities rose to ¥4,457,470,755.35 from ¥2,794,690,179.35, an increase of approximately 59.7%[19] - Non-current liabilities increased to ¥827,584,614.07 from ¥737,259,083.47, reflecting a growth of about 12.2%[19] - The total equity attributable to shareholders decreased to ¥10,907,482,292.21 from ¥11,345,137,924.82, a decline of approximately 3.9%[19] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥490,517,836.05, down by 55.41% compared to the previous year[4] - The net cash flow from operating activities was CNY 490,517,836.05, down from CNY 1,099,994,611.41 in the previous period, indicating a decrease of approximately 55.5%[26] - Cash inflow from investment activities totaled CNY 3,679,136,651.59, while cash outflow was CNY 6,881,946,335.95, resulting in a net cash flow of -CNY 3,202,809,684.36[26] - The net cash flow from financing activities was CNY 2,411,905,959.31, a significant improvement compared to -CNY 1,593,436,800.51 in the previous period[27] - The company's cash and cash equivalents at the end of the period were CNY 2,102,573,887.92, down from CNY 4,601,147,710.18 at the end of the previous period[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 75,877, with the largest shareholder holding 23.69% of the shares[13] - The largest shareholder, Pei Zhenhua, holds 196,835,843 shares, with 147,626,882 shares pledged[13] Expenses and Income - R&D expenses increased by 43.09% to approximately $95.70 million compared to the same period last year, primarily due to new R&D projects[11] - Financial expenses surged by 282.10% to approximately $99.77 million, attributed to decreased interest income and increased interest expenses and exchange losses[11] - Investment income rose significantly by 746.08% to approximately $100.64 million, driven by increased returns from the disposal of overseas subsidiaries and higher interest income from large certificates of deposit[11] - Credit impairment losses skyrocketed by 3,361.65% to approximately $164.55 million, mainly due to increased provisions for bad debts[11] - Other income decreased by 85.91% to approximately $68.33 million, primarily due to a reduction in government subsidies received[11] - The company reported a significant decrease in income tax expenses by 93.54% to approximately $13.22 million, reflecting a decline in profit levels[11] - Asset impairment losses increased by 116.24% to approximately $33.00 million, mainly due to provisions for inventory write-downs and long-term equity investment impairments[11] - Non-operating expenses rose by 2,313.22% to approximately $13.36 million, primarily due to the disposal of assets from overseas subsidiaries[11] Inventory and Receivables - The company's inventory decreased by 39.16% to ¥1,413,952,864.44, primarily due to a reduction in finished goods inventory[10] - Accounts receivable increased by 93.84% to ¥715,708,236.45, attributed to higher sales in Q3[10]

Group 1 - The core material price of electrolyte continues to rise, with lithium hexafluorophosphate reaching 87,000 yuan per ton, a 51% increase over the past month [1] - Lithium carbonate futures have rebounded over 9% in the last six trading days [1] - The CSI New Energy Vehicle Industry Index (930997) has increased by 1.16%, with constituent stocks such as Yahua Group rising by 10.03% and Zhongmin Resources by 6.79% [1] Group 2 - As of September 30, 2025, the top ten weighted stocks in the CSI New Energy Vehicle Industry Index account for 54.61% of the index, including CATL, Huichuan Technology, and BYD [2] - The weightings of the top stocks include CATL at 9.80%, Huichuan Technology at 9.63%, and BYD at 9.10% [4]

Group 1 - The lithium industry has seen renewed activity, with lithium carbonate futures prices rising significantly, reaching a new high since September, with a 4.17% increase on October 23, closing at 79,940 yuan/ton [1] - A-share lithium companies experienced positive stock performance, with companies like Shengxin Lithium Energy and Suzhou Tianhua New Energy seeing notable price increases [1] - Despite the recent price uptick, market analysts remain cautious, suggesting that the current rebound is influenced by external factors and that the market is still in a phase of consumption seasonality [1] Group 2 - Some lithium companies have shown signs of profit recovery this year, with significant year-on-year net profit increases reported by Tianqi Lithium and Jiangxi Ganfeng Lithium, among others [2] - Sichuan Yahua Industrial Group expects a net profit increase of 106.97% to 132.84% for the first three quarters of this year, driven by strong sales of lithium salt products [2] - Analysts emphasize the need for lithium companies to enhance competitiveness through various strategies, including supply chain management and innovation, to navigate the industry's cyclical nature [2] Group 3 - The lithium industry is transitioning from rapid expansion to a phase of capacity adjustment, with signs of marginal recovery due to various factors affecting supply and demand [3] - The current market situation is characterized as a "weak balance" following price declines and reduced volumes, with expectations for potential price increases in the fourth quarter due to seasonal and logistical factors [3] - Industry experts recommend that companies focus on resource management, technological investment, and market diversification to strengthen their competitive position and mitigate risks associated with market fluctuations [3]

Market Overview - The battery sector increased by 0.92% compared to the previous trading day, with Xiongtao Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Top Gainers in Battery Sector - Xiongtao Co., Ltd. (002733) closed at 22.02, up 9.99% with a trading volume of 342,500 shares and a transaction value of 711 million yuan [1] - Tianhua New Energy (300390) closed at 25.28, up 8.36% with a trading volume of 441,400 shares [1] - Tianli Lithium Energy (301152) closed at 32.42, up 7.24% with a trading volume of 134,900 shares [1] - Keli Yuan (600478) closed at 6.40, up 6.31% with a trading volume of 1,908,800 shares [1] Market Capital Flow - The battery sector experienced a net outflow of 199 million yuan from institutional investors, while retail investors saw a net inflow of 16.51 million yuan [2] - The main funds showed a mixed trend, with some companies like Ningde Times (300750) experiencing significant net inflows [3] Notable Decliners - Huazi Technology (300490) closed at 11.42, down 7.23% with a trading volume of 703,500 shares [2] - Chongjian Electronics (301121) closed at 45.52, down 3.35% with a trading volume of 34,800 shares [2] - Zhongke Electric (300035) closed at 22.56, down 2.80% with a trading volume of 480,900 shares [2]

Core Viewpoint - The lithium battery sector is experiencing a significant upward trend driven by strong demand and rising prices, with key companies showing substantial stock price increases [1] Industry Summary - The lithium battery industry is currently in a favorable position with multiple catalysts, including a peak production season and a supply-demand imbalance for materials and energy storage batteries, leading to continuous price increases [1] - October and November are expected to see increased downstream procurement and long-term contracts, clarifying demand projections for 2026 [1] - The third quarter performance of lithium battery companies shows notable growth both year-on-year and quarter-on-quarter, with a positive outlook on materials, particularly 6F, lithium iron phosphate, and battery segments [1] Company Summary - Major companies in the lithium battery sector, such as Shengxin Lithium Energy, Tianhua New Energy, and Rongjie Co., have seen stock price increases, with Shengxin Lithium Energy reaching the daily limit [1] - Pacific Securities reports that the industry is entering a full upward cycle, with a 10% month-on-month increase in battery production in October, and the top 20 battery manufacturers seeing over a 20% increase [1] - Recent price surges in cobalt-based materials and hexafluorophosphate lithium (6F) have been significant, with 6F spot prices exceeding 75,000 per ton, marking an increase of over 40% [1] - The industry is expected to maintain high prosperity levels from November to December, with the first quarter of 2026 potentially experiencing a "not-so-dull" off-season as the industry transitions from destocking to proactive restocking [1]

南方财经10月23日电，固态电池板块局部走高，盛新锂能涨停，天华新能涨超6%，科力远、大族激 光、天力锂能、多氟多跟涨。 ...

Group 1 - Tianhua New Energy's stock price decreased by 1.47% on October 20, with a trading volume of 471 million yuan. The financing buy amount was 45.01 million yuan, while the financing repayment was 52.72 million yuan, resulting in a net financing outflow of 7.71 million yuan. The total financing and securities balance reached 914 million yuan as of October 20 [1] - The financing balance of Tianhua New Energy is 905 million yuan, accounting for 4.63% of its market capitalization. This financing balance exceeds the 60th percentile level over the past year, indicating a relatively high position [1] - On the same day, the company repaid 18,400 shares of securities lending and sold 4,400 shares, with a selling amount of 103,500 yuan. The remaining securities lending volume was 393,100 shares, with a balance of 9.25 million yuan, exceeding the 90th percentile level over the past year, also indicating a high position [1] Group 2 - As of June 30, the number of shareholders of Tianhua New Energy reached 71,000, an increase of 0.67% from the previous period. The average number of circulating shares per person decreased by 0.66% to 9,478 shares [2] - For the first half of 2025, Tianhua New Energy reported operating revenue of 3.458 billion yuan, a year-on-year decrease of 6.88%. The net profit attributable to shareholders was -156 million yuan, a year-on-year decrease of 118.65% [2] - Since its A-share listing, Tianhua New Energy has distributed a total of 3.093 billion yuan in dividends, with 2.611 billion yuan distributed over the past three years [2] - As of June 30, 2025, among the top ten circulating shareholders, E Fund's ChiNext ETF held 14.369 million shares, a decrease of 350,600 shares from the previous period. Southern CSI 500 ETF increased its holdings by 1.2 million shares to 8.6329 million shares, while Hong Kong Central Clearing Limited increased its holdings by 1.5305 million shares to 7.4142 million shares [2]

Group 1 - Chery Automobile showcased a solid-state battery module at the 2025 Chery Global Innovation Conference, featuring a high energy density of 600Wh/kg and an expected range of 1200-1300 kilometers [1] - The lithium-rich manganese-based (LRM) cathode material, formed from layered Li2MnO3 and LiMO2, has a theoretical capacity of 320mAh/g and a voltage platform of 3.7V-4.6V, significantly outperforming traditional ternary and lithium iron phosphate cathodes [1] - The cost of raw materials for LRM is approximately 15-20% lower than that of ternary materials, with watt-hour costs close to lithium iron phosphate [1] Group 2 - Zheshang Securities noted that LRM is considered the "holy grail" of cathode materials, currently transitioning from laboratory to industrialization, with large-scale application expected post-2030 [1] - Leading cathode companies are proactively preparing for the development of solid-state batteries [1] - Companies like Rongbai Technology and Tianhua New Energy are among the first in the industry to develop high energy density LRM materials for solid-state batteries [1]