资金流向方面，今日主力资金净流出6559.15万元，占比成交额9.69%。其中，超大单净流出11003.53万 元、占成交额16.26%，大单净流入4444.38万元、占成交额6.57%，中单净流出流入7356.06万元、占成 交额10.87%，小单净流出796.91万元、占成交额1.18%。 来源：金融界 天铁科技最新一期业绩显示，截至2025一季报，公司营业总收入3.58亿元、同比减少39.92%，归属净利 润1025.98万元，同比减少45.60%，扣非净利润562.50万元，同比减少66.94%，流动比率1.643、速动比 率1.318、资产负债率56.68%。 天眼查商业履历信息显示，浙江天铁科技股份有限公司，成立于2003年，位于台州市，是一家以从事橡 胶和塑料制品业为主的企业。企业注册资本116634.3797万人民币，实缴资本116634.3797万人民币。公 司法定代表人为许孔斌。 金融界消息 截至2025年8月25日收盘，天铁科技（300587）报收于8.49元，下跌3.96%，换手率7.77%， 成交量79.36万手，成交金额6.77亿元。 通过天眼查大数据分析，浙江天铁科技股份有限公司 ...

Market Overview - On August 25, the rubber sector increased by 0.15% compared to the previous trading day, with Litong Technology leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Stock Performance - Key stocks in the rubber sector showed the following performance: - Litong Technology (832225) closed at 27.30, up 2.25% with a trading volume of 81,900 shares and a turnover of 221 million yuan [1] - Haida Co., Ltd. (300320) closed at 11.48, up 2.23% with a trading volume of 230,800 shares and a turnover of 265 million yuan [1] - Kexin Technology (300731) closed at 50.91, up 2.00% with a trading volume of 165,500 shares and a turnover of 837 million yuan [1] - Other notable stocks include Quancheng Co. (605183) and Sanwei Co. (603033), with increases of 1.49% and 1.40% respectively [1] Capital Flow - The rubber sector experienced a net outflow of 138 million yuan from institutional investors, while retail investors saw a net inflow of 159 million yuan [2] - The detailed capital flow for selected stocks includes: - Zhen'an Technology (300767) had a net outflow of 21.72 million yuan from institutional investors and a net inflow of 74.19 million yuan from retail investors [3] - Haida Co., Ltd. (300320) saw a net inflow of 712,220 yuan from institutional investors [3] - Other stocks like Longxing Technology (002442) and Yongdong Co. (002753) experienced varying levels of net inflow and outflow from different investor categories [3]

Group 1 - The rubber sector experienced a rise of 2.15% on August 22, with Zhen'an Technology leading the gains [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] - Zhen'an Technology's stock price increased by 19.98% to 25.34, with a trading volume of 498,100 shares and a transaction value of 1.167 billion yuan [1] Group 2 - The rubber sector saw a net inflow of 118 million yuan from main funds, while retail investors experienced a net outflow of 16.9879 million yuan [2] - The trading performance of other notable stocks in the rubber sector included Tian Tie Technology, which rose by 9.95% to 8.84, and Kechuang New Source, which increased by 3.08% to 49.91 [1][2] - The overall trading volume and transaction values for various stocks in the rubber sector indicate active market participation, with significant movements in stock prices [1][2]

Investment Rating - The report maintains a "Buy" rating for the company [3] Core Viewpoints - The company is accelerating its business transformation and enhancing its layout in the lithium battery industry, benefiting from long-term industry trends [2][7] - The solid-state battery industrialization process is accelerating, with emerging field demands contributing to incremental space [2][29] - The company is continuously improving the product structure of its lithium battery industry chain, benefiting from long-term industry trends [2][62] Summary by Sections 1. Company Overview - The company is involved in the research, production, and sales of lithium compounds through its subsidiaries, with a focus on enhancing its capabilities in the lithium battery sector [13][28] 2. Financial Performance - In 2024, the company achieved a revenue of 2,136 million yuan, a year-on-year increase of 41.7%, and a net profit of 15 million yuan, a year-on-year increase of 102.3% [15][20] - The company forecasts net profits of 79 million yuan, 140 million yuan, and 213 million yuan for 2025, 2026, and 2027, respectively, with corresponding P/E ratios of 136.9, 76.8, and 50.6 [7] 3. Solid-State Battery Market - Solid-state batteries are seen as the next-generation power battery technology due to their high energy density, safety, and long cycle life, with significant applications in various fields [2][29] - The market for solid-state batteries is expected to grow rapidly, driven by the increasing demand from the electric vehicle sector and other emerging applications [29][42] 4. Lithium Battery Product Structure - The company’s lithium-related products include lithium metal, butyl lithium, anhydrous lithium chloride, and chlorinated butane, primarily used in new pharmaceuticals, new materials, and new energy sectors [2][62] - The company has signed a procurement framework agreement worth 400 million yuan for copper-lithium composite strips, indicating strong market recognition of its lithium battery business layout [2][7] 5. Industry Trends - The report highlights the ongoing demand in the rail transit industry, which is expected to benefit from the company's continued development in this area [48][54] - The solid-state battery market is projected to enter a rapid growth phase, with significant potential in the Chinese market as it is still in its early stages [33][42]

Market Overview - The rubber sector increased by 1.07% on August 13, with Litong Technology leading the gains [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Top Performers in Rubber Sector - Litong Technology (832225) closed at 23.72, up 7.67% with a trading volume of 88,300 shares and a turnover of 203 million [1] - Kexin New Source (300731) closed at 52.30, up 6.97% with a trading volume of 280,100 shares and a turnover of 1.392 billion [1] - Tiantie Technology (300587) closed at 8.20, up 5.13% with a trading volume of 725,700 shares and a turnover of 586 million [1] Other Notable Stocks - Haida Co., Ltd. (300320) closed at 10.60, up 2.81% with a trading volume of 241,500 shares and a turnover of 254 million [1] - Tongcheng New Materials (603650) closed at 34.85, up 2.08% with a trading volume of 213,500 shares and a turnover of 749 million [1] Fund Flow Analysis - The rubber sector saw a net inflow of 11.92 million from institutional investors, while retail investors experienced a net inflow of 1.68 million [2] - The sector had a net outflow of 13.60 million from speculative funds [2] Individual Stock Fund Flow - Kexin New Source (300731) had a net inflow of 92.21 million from institutional investors, but a net outflow of 67.51 million from speculative funds [3] - Tiantie Technology (300587) experienced a net inflow of 39.65 million from institutional investors, with a slight outflow from speculative funds [3] - Three-dimensional Co., Ltd. (603033) had a net inflow of 15.98 million from institutional investors, while retail investors saw a net outflow of 16.88 million [3]

Core Viewpoint - Zhejiang Tiantian Technology Co., Ltd. has decided to terminate the construction projects for the production lines of rubber vibration damping pads and steel rail waveguide vibration absorbers, reallocating the remaining raised funds of 325 million yuan to supplement working capital for daily operations [1][4]. Group 1: Project Termination - The company believes that continuing the projects may face risks of not meeting expected investment returns, and has considered overall development plans to improve fund utilization efficiency and protect shareholder interests [1][4]. - The projects that are being terminated include the annual production line of 400,000 square meters of rubber vibration damping pads and the annual production line of 450,000 steel rail waveguide vibration absorbers [1]. Group 2: Financial Performance - In 2024, the company achieved an operating income of 2.136 billion yuan, a year-on-year increase of 41.69%, and a net profit attributable to shareholders of 15.2042 million yuan, recovering from a loss of 654 million yuan in the previous year [4]. - However, in the first quarter of 2025, the company reported total operating revenue of 358 million yuan, a year-on-year decrease of 39.92%, and a net profit attributable to the parent company of 10.2598 million yuan, down 45.60% year-on-year [4]. - The decline in revenue is primarily attributed to delays in engineering construction progress, resulting in unrecognized income [4].

Core Points - The company, Zhejiang Tiantie Technology Co., Ltd., was established as a joint-stock company through the overall restructuring of Zhejiang Tiantie Industrial Co., Ltd. [2] - The company was approved by the China Securities Regulatory Commission to issue 26 million shares of ordinary stock to the public, which were listed on the Shenzhen Stock Exchange on January 5, 2017 [2][3] - The registered capital of the company is RMB 1,162,109,688 [2][3] - The company aims to enhance product quality, develop new products, and actively participate in global market competition [4][5] Company Structure and Governance - The company is governed by its articles of association, which are legally binding for the company, shareholders, directors, supervisors, and senior management [3] - The company has established a party organization in accordance with the Communist Party of China’s regulations, which plays a political core role within the company [2] - The chairman of the board serves as the legal representative of the company [2] Business Scope - The company's business scope includes technology services, manufacturing and sales of rubber products, metal structures, springs, seals, plastic products, and various construction materials [4][5] - The company is also involved in energy storage technology services, high-speed rail equipment manufacturing, and sales of photovoltaic equipment and components [4][5] Share Issuance and Capital Management - The company issues shares in the form of stocks, with each share having a par value of RMB 1 [5] - The total number of shares issued by the company is 1,162,109,688, all of which are ordinary shares [5] - The company can increase its capital through various methods, including public offerings and private placements, subject to shareholder approval [6][7] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends, attend and vote at shareholder meetings, and supervise the company's operations [11][12] - Shareholders holding more than 5% of voting shares must report any pledges of their shares to the company [14] - The company must ensure that shareholders' rights are protected and that any related party transactions do not harm the interests of minority shareholders [14][15] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with the annual meeting occurring within six months after the end of the previous fiscal year [16][17] - Shareholder proposals must be submitted in writing and can be made by shareholders holding at least 3% of the shares [20][21] - The company must provide legal opinions on the validity of the meeting procedures and the qualifications of attendees [17][18]

Summary of Key Points Core Viewpoint - Zhejiang Tiantie Technology Co., Ltd. has decided to terminate certain fundraising investment projects and permanently supplement the remaining raised funds into working capital, aiming to optimize resource allocation and enhance operational capabilities [1][9]. Fundraising Basic Situation - The company raised a total of 810 million yuan by issuing 48,854,041 shares at a price of 16.58 yuan per share, with a net amount of approximately 798.47 million yuan after deducting issuance costs [1][2]. Fundraising Usage Status - As of July 31, 2025, the remaining balance of the raised funds is approximately 324.93 million yuan, which includes bank interest and investment income [3][4]. Termination of Investment Projects - The projects being terminated include the construction of a production line for rubber vibration damping pads (investment total of 568.23 million yuan) and a production line for rail waveguide vibration absorbers (investment total of 87.36 million yuan) [3][4][6]. - The company has invested approximately 248.73 million yuan in the rubber damping pads project and 25.51 million yuan in the rail vibration absorbers project as of July 31, 2025 [3][4]. Reasons for Project Termination - The decision to terminate these projects is based on the assessment of industry development and existing production capacity, with concerns that the investment returns may not meet expectations [6][7]. Impact of Termination on the Company - The termination of these projects is expected to lower investment risks and will not adversely affect the company's main business operations. The remaining funds will be used for daily operational activities [6][7][8]. Review Procedures - The board of directors and the supervisory board have approved the termination of the projects and the reallocation of funds, which will be submitted for shareholder approval [7][8].

Core Viewpoint - Tian Tie Technology announced the termination of certain fundraising investment projects and the permanent allocation of remaining funds to supplement working capital [2] Group 1 - The company held the fifth board of directors' twelfth meeting and the fifth supervisory board's eleventh meeting on August 11, 2025 [2] - The company decided to terminate the "annual production of 400,000 square meters of rubber vibration damping pad production line project" and the "annual production of 450,000 steel rail waveguide vibration absorber production line project" [2] - Remaining raised funds will be permanently allocated to supplement working capital [2]

（文章来源：证券日报） 证券日报网讯 8月12日晚间，天铁科技发布公告称，公司第五届董事会第十二次会议审议通过了《关于 终止部分募集资金投资项目并将剩余募集资金永久补充流动资金的议案》等多项议案。 ...