Core Viewpoint - Shareholder Zhong Yinghao, holding 4.99% of Xiangfenghua's shares, plans to reduce holdings by up to 2% of the company's total share capital, equating to a maximum of 2.3806 million shares [1] Summary by Category Shareholder Actions - Zhong Yinghao intends to reduce his stake in Xiangfenghua by a maximum of 2.3806 million shares, which represents up to 2% of the company's current total share capital [1] - The reduction will be executed through centralized bidding and block trading methods [1] - The planned reduction period is set for three months starting from 15 trading days after the announcement [1]

Core Viewpoint - Shareholder Zhong Yinghao of Xiangfenghua (300890.SZ) plans to reduce his stake in the company by up to 2% due to personal funding needs [1] Summary by Relevant Sections - **Shareholder Information** - Zhong Yinghao currently holds 4.99% of Xiangfenghua's shares [1] - **Reduction Plan** - The planned reduction will not exceed 2% of the company's shares [1] - The reduction will be executed through centralized bidding and block trading [1] - The reduction period is set for three months starting from 15 trading days after the announcement [1] - **Reason for Reduction** - The reason for the share reduction is stated as personal funding needs [1] - The shares being reduced were acquired prior to the company's initial public offering [1]

Core Viewpoint - Shareholder Zhong Yinghao of Xiangfenghua (300890.SZ) plans to reduce his stake by up to 2% due to personal funding needs, with the reduction period set for three months starting 15 trading days after the announcement [1] Group 1 - Zhong Yinghao currently holds 4.99% of the company's shares [1] - The reduction will be executed through centralized bidding and block trading [1] - The shares to be reduced are from those issued prior to the company's initial public offering [1]

Core Viewpoint - Shareholder Zhong Yinghao plans to reduce her stake in Xiangfenghua (300890.SZ) by up to 238.06 million shares, representing a maximum of 2% of the company's total share capital [1] Summary by Relevant Sections - **Shareholder Information** - Zhong Yinghao currently holds 5.9515 million shares, which accounts for 4.99% of the company's total share capital [1] - **Reduction Plan** - The planned reduction will not exceed 238.06 million shares, equating to a maximum of 2% of the current total share capital [1] - The reduction will be executed through centralized bidding and block trading methods [1] - **Timeline** - The reduction period is set to occur from September 24, 2025, to December 23, 2025, starting 15 trading days after the announcement [1]

翔丰华（300890）(300890.SZ)发布公告，公司股东钟英浩女士持有公司股份595.15万股(占公司当前总 股本的4.99%)，计划减持公司股份不超过238.06万股(不超过公司当前总股本的2%)，减持方式为通过集 中竞价及大宗交易方式减持公司股份。减持期间为：通过集中竞价及大宗交易方式减持的，自公告披露 之日起15个交易日后的3个月内(自2025年9月24日至2025年12月23日)进行。 ...

上海市翔丰华科技股份有限公司 关于股东减持股份的预披露公告 证券代码：300890 证券简称：翔丰华 公告编号：2025-59 债券代码：123225 债券简称：翔丰转债 本公司股东钟英浩保证向本公司提供的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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 上海市翔丰华科技股份有限公司（以下简称"公司"）股东钟英浩女士持有 公司股份 5,951,473 股（占公司当前总股本的 4.99%），计划减持公司股份不超 过 2,380,645 股（不超过公司当前总股本的 2%），减持方式为通过集中竞价及 大宗交易方式减持公司股份。减持期间为：通过集中竞价及大宗交易方式减持的， 自本公告披露之日起 15 个交易日后的 3 个月内（自 2025 年 9 月 24 日至 2025 年 12 月 23 日）进行。 公司近日收到了股东钟英浩女士出具的《股份减持计划告知函》，现将相关 情况公告如下： | 股东名 称 | 股东性质 | 所持股份总 | 占公司当 前总股本 | 限售条件 股份数量 | 占公司 当前总 | 股份是否 质 ...

Group 1 - The company faced pressure on its performance in the first half of the year, but there is an expectation for improvement in the second half due to increased order volumes from core customers and new clients [1][3] - The company maintains stable cooperation with key clients such as LG Energy, BYD, and Guoxuan High-Tech, while also actively exploring new customer relationships [1][3] - The Shanghai Carbon Peak Industrial Park project is expected to reach a rentable and sellable state by early 2026, with several companies expressing interest in entering the park [1] Group 2 - Fundraising projects are progressing steadily, with the "R&D Center Construction Project" expected to be completed by July 2026 and equipment procurement nearly finished [2] - The "60,000 tons of artificial graphite anode material integrated production base construction project" is anticipated to be completed by December 2026, with further updates to be disclosed in subsequent announcements [2] Group 3 - The long-term strategy of the company remains unaffected by the challenges faced in the first half of 2025, as the demand for downstream applications like power batteries and energy storage continues to grow [3] - The company is committed to strengthening and expanding its new carbon materials industry, aiming to become a leading manufacturer in this sector [3] Group 4 - Future R&D and product planning will focus on emerging technologies such as silicon-carbon anodes, hard carbon anodes, and graphene [4] - The silicon-carbon anode has already been laid out and is in the small-scale testing phase with several collaborative partners [4] Group 5 - The company currently balances production and sales according to customer demand, avoiding excess production and large inventories [5] - With an expected increase in industry demand in the second half of the year, the current production capacity aligns well with market needs [5]

Group 1: Company Performance and Market Conditions - The company experienced pressure on profitability in Q2 due to low negative electrode market prices and high raw material costs, although there was a noticeable improvement compared to Q1 [2] - Core customer orders are expected to increase in the second half of the year, with new customers anticipated to ramp up in Q4, leading to improved capacity utilization and gross margins [2] - The company is actively expanding its customer base, adding new clients in both power and energy storage sectors [2] Group 2: Project Development and Future Plans - The construction of the "R&D Center" is expected to be completed by July 2026, with equipment procurement nearly finished [2] - The "60,000 tons artificial graphite negative electrode integrated production base" is projected to be completed by December 2026 [2] - The Shanghai Carbon Peak Industrial Park project is progressing well, with plans to reach a rentable and sellable state by early 2026 [2] Group 3: Long-term Strategy and R&D Focus - Despite challenges in the negative electrode materials market, the long-term growth trend in demand for power batteries and energy storage remains unchanged [2] - The company aims to strengthen its position in the new carbon materials industry, focusing on R&D in high energy density, low expansion, and long cycle life negative materials [3] - The company is currently collaborating with multiple enterprises on new carbon materials, with products in the sample testing phase [3] Group 4: Production and Inventory Management - The company maintains a balanced production schedule based on existing customer demand, avoiding excess inventory issues [3] - Current production capacity is aligned with market demand, anticipating growth in industry demand in the second half of the year [3]

Company Overview - Shanghai Xiangfenghua Technology Co., Ltd. was established in June 2009 and listed on the Shenzhen Stock Exchange's ChiNext board on September 17, 2020, with the stock code "300890" [2] - The company specializes in the research, production, and sales of high-end graphite and silicon-carbon anode materials for lithium-ion batteries, as well as nuclear graphite and graphene for high-temperature gas-cooled reactors [2] - Its products are widely used in various fields, including new energy vehicles, energy storage stations, consumer electronics, electric tools, and electric bicycles [2] - Major clients include well-known global lithium battery companies such as BYD, LG Energy, Guoxuan High-Tech, Samsung SDI, and CATL [2] Financial Performance - For the first half of 2025, Xiangfenghua reported operating revenue of 687.6 million yuan, a year-on-year decrease of 2.8% [2] - The net profit attributable to shareholders was -2.9459 million yuan, representing a year-on-year decline of 107.7% [2] - The non-recurring net profit was -14.8 million yuan, showing a year-on-year drop of 159.65% [2] Market Activity - On August 29, Xiangfeng convertible bonds rose by 2.0% to 136.5 yuan per bond, with a trading volume of 43.7477 million yuan and a conversion premium rate of 18.96% [1] - The convertible bonds have a credit rating of "AA-" and a maturity period of 6 years, with interest rates increasing from 0.30% in the first year to 3.00% in the sixth year [1] - The conversion price for the bonds is set at 27.44 yuan, with the conversion period starting on April 16, 2024 [1]

Group 1 - The core viewpoint of the news is the performance and characteristics of Xiangfeng Convertible Bonds, which are currently trading at 136.657 yuan with a decline of 2.02% and a conversion premium rate of 18.62% [1] - Xiangfeng Convertible Bonds have a credit rating of "AA-" and a maturity period of 6 years, with interest rates increasing from 0.30% in the first year to 3.00% in the sixth year [1] - The conversion price for the bonds is set at 27.44 yuan, with the conversion period starting on April 16, 2024 [1] Group 2 - Shanghai Xiangfenghua Technology Co., Ltd. was established in June 2009 and listed on the Shenzhen Stock Exchange's Growth Enterprise Market on September 17, 2020 [2] - The company specializes in the research, production, and sales of high-end graphite and silicon-carbon anode materials for lithium-ion batteries, as well as nuclear graphite and graphene for high-temperature gas-cooled reactors [2] - The company's products are widely used in various fields, including new energy vehicles, energy storage stations, consumer electronics, electric tools, and electric bicycles, with major clients including BYD, LG Energy, Guoxuan High-Tech, Samsung SDI, and CATL [2] Group 3 - For the first half of 2025, Xiangfenghua reported a revenue of 687.6 million yuan, a year-on-year decrease of 2.8%, and a net profit attributable to shareholders of -2.9459 million yuan, a decline of 107.7% [2] - The company’s non-recurring net profit was -14.8 million yuan, reflecting a significant year-on-year decrease of 159.65% [2] - As of August 2025, the concentration of shareholding in Xiangfenghua is relatively high, with 22,660 shareholders and an average of 4,792 circulating shares per person, amounting to an average holding value of 145,000 yuan [2]