国泰海通证券股份有限公司 关于上海市翔丰华科技股份有限公司 2025 年度持续督导培训情况报告 深圳证券交易所： 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 上海市翔丰华科技股份有限公司（以下简称"翔丰华"、"发行人"或"公司"） 向不特定对象发行可转换公司债券的保荐机构，根据《证券发行上市保荐业务管 理办法》《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》《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，于 2025 年 12 月 26 日对翔丰华相关人员等进行了专门培训。现将培训 情况汇报如下： 一、培训时间 2025 年 12 月 26 日。 二、培训地点 翔丰华办公室、线上。 三、接受培训人员 公司控股股东、实际控制人、董事、高级管理人员和信息披露相关人员等。 培训后，国泰海通向翔丰华提供了讲义课件及相关学习资料，以供进一步学习了 解。 四、承担本次培训工作的保荐机构人员 本期，国泰海通围绕《上市公司治理准则》《上市公司募集资金监管规则》 等内容对培训对象进行了培训，进一步强化了培训对象对相关内容的理解与掌握， 杨玺、周聪。 ...

国泰海通证券股份有限公司 关于上海市翔丰华科技股份有限公司 2025 年度定期现场检查报告 | 保荐机构名称： 被保荐公司简称：翔丰华 | | --- | | 国泰海通证券股份有限公司 | | 保荐代表人姓名：杨玺 联系电话： 0755-23976200 | | 保荐代表人姓名：周聪 联系电话： 0755-23976200 | | 现场检查人员姓名：杨玺 | | 现场检查对应期间：2025 年度 | | 现场检查时间：2025 年 12 月 19 日 | | 一、现场检查事项 现场检查意见 | | （一）公司治理 是 否 不适用 | | 现场检查手段：（1）查阅公司章程及其他治理制度的相关文件、三会会议文件 | | 及重大经营活动决策文件；（2）查阅公司股东名册、公司及控股股东、实际控制 | | 人的信息披露文件；（3）对公司管理层及有关人员进行访谈交流。 | | 1.公司章程和公司治理制度是否完备、合规 √ | | 2.公司章程和三会规则是否得到有效执行 √ | | 3.三会会议记录是否完整，时间、地点、出席人员及会议 √ | | 内容等要件是否齐备，会议资料是否保存完整 | | 4.三会会议决议是否由出席 ...

证券代码：300890 证券简称：翔丰华 公告编号：2026-01 债券代码：123225 债券简称：翔丰转债 上海市翔丰华科技股份有限公司 关于 2025 年第四季度可转换公司债券转股情况的公告 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。 特别提示： 1、"翔丰转债"（债券代码：123225）转股期限为 2024 年 4 月 16 日至 2029 年 10 月 9 日（如遇法定节假日或休息日延至其后的第 1 个工作日）； 最新的转股价格为 27.44 元/股； 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自 律监管指引第 15 号——可转换公司债券》的有关规定，上海市翔丰华科技股份 有限公司（以下简称"翔丰华"或"公司"）现将 2025 年第四季度可转换公司 债券（以下简称"可转债"）转股及公司股份变动情况公告如下： 一、可转债基本情况 （一）可转债发行情况 根据中国证券监督管理委员会《关于同意深圳市翔丰华科技股份有限公司 向不特定对象发行可转换公司债券注册的批复》（证监许可〔2023〕1996 号）， 1 公司向不特定对象发行 80 ...

Group 1 - The core viewpoint of the article highlights the competitive landscape and market dynamics of the graphite anode materials industry in China, emphasizing the leading companies and their market shares [1][5][15] - The leading companies in the graphite anode materials sector include Bettery, Sanyuan, and Puxin, with registered capital exceeding 1.5 billion yuan, indicating a strong competitive position [1][5] - The industry is characterized by a high concentration, with the top two companies accounting for nearly 40% of the shipment volume, and the top five companies exceeding 70% [10][15] Group 2 - In the first half of 2025, the shipment volume of artificial graphite anodes reached 1.17 million tons, representing 91.7% of total graphite anode shipments [5][7] - Sanyuan holds the highest market share in artificial graphite anode shipments at 21%, followed closely by Bettery [7][10] - The revenue scale for 2024 indicates that Bettery and Sanyuan both exceed 7 billion yuan, with Bettery's revenue at 10.69 billion yuan and Sanyuan's at 8.2 billion yuan [11][13] Group 3 - The geographical distribution of graphite anode manufacturers is primarily concentrated in Guangdong, Shanghai, and Zhejiang, with Guangdong hosting several key players [3][11] - The product layout shows that most companies focus on artificial graphite, while natural graphite is primarily produced by Bettery and Sanyuan [11][14] - The competitive state of the industry reveals that while there are many competitors, the majority of market share is controlled by leading companies, resulting in lower competition intensity among top firms compared to smaller ones [15][16]

证券代码：300890 证券简称：翔丰华 公告编号：2025-72 上海市翔丰华科技股份有限公司 关于股东减持股份计划时间届满的公告 股东钟英浩保证向本公司提供的信息内容真实、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。 | 股东名称 | 减持方式 | 减持期间 | 减持均价（元 | 减持股数（万 | 减持股份占总股本 | | --- | --- | --- | --- | --- | --- | | | | | /股） | 股） | 比例(%) | | 钟英浩 | 大宗交易 | 2025 年 9 月 24 日 -2025 年 12 月 23 日 | 23.59 | 1,190,000 | 1.00% | | 钟英浩 | 集中竞价 | 2025 年 9 月 24 日 -2025 年 12 月 23 日 | 32.56 | 1,160,000 | 0.97% | 2. 股东本次减持前后持股变动情况 | 股东名称 | 股份性质 | 本次减持前持有股份 | | 本次减持后持有股份 | | | --- | --- | --- | --- | ...

Group 1 - The core point of the article highlights the trading activity of Xiangfenghua, which saw a closing price increase of 0.78% to 29.75 yuan on December 23, with a significant block trade occurring [1] - A total of 640,000 shares were traded in the block transaction, amounting to 15.1168 million yuan, with a transaction price of 23.62 yuan per share, reflecting a discount of 20.61% [1] - Over the past three months, the stock has recorded five block trades with a cumulative transaction value of 74.9213 million yuan, and in the last five trading days, the stock has risen by 3.55% with a net inflow of 17.7503 million yuan from major funds [1]

Group 1 - The core point of the article highlights the trading activity of Xiangfenghua, which saw a slight increase in stock price and notable block trading activity [1] - On December 22, Xiangfenghua's stock closed at 29.52 yuan, with a trading volume of 550,000 shares and a total transaction value of 12.958 million yuan [1] - The first block trade was executed at a price of 23.56 yuan for 550,000 shares, resulting in a discount rate of -20.19%, with the buyer being Changcheng Securities and the seller being Zhongyuan Securities [1] Group 2 - Over the past three months, Xiangfenghua has recorded four block trades, with a cumulative transaction value of 59.8045 million yuan [1] - In the last five trading days, the stock has seen a cumulative increase of 0.48%, with a net inflow of main funds amounting to 6.2859 million yuan [1]

Group 1 - The core transaction involved 550,000 shares of Xiangfenghua, with a total transaction value of 12.958 million yuan, accounting for 11.32% of the total trading volume on that day [1] - The transaction price was 23.56 yuan per share, which represents a discount of 20.19% compared to the market closing price of 29.52 yuan [1] - The buyer was Longcheng Securities Co., Ltd., and the seller was Zhongyuan Securities Co., Ltd. [2]

Industry Overview - Graphite is a crucial anode material in lithium-ion batteries, characterized by high-temperature resistance, corrosion resistance, electrical conductivity, and thermal conductivity [1] - Graphite anode materials are categorized into natural and synthetic types, each with distinct performance, cost, and application scenarios [1][2] Production and Supply Chain - The upstream supply chain includes raw material suppliers like natural graphite mines and carbon materials for synthetic graphite, while the midstream consists of manufacturers of graphite anode materials, and the downstream includes various battery producers [5][8] - China's natural graphite production reached 91 million tons in 2023, with a projected increase to approximately 95 million tons in 2024 [15] Market Trends - The market share of synthetic graphite anode materials has been increasing, with over 90% of the total anode material shipments being synthetic by mid-2025 [25] - The total output of graphite anode materials in China is expected to exceed 200 million tons by 2024, with a growth rate of 26% [24] Competitive Landscape - Leading companies in the graphite anode materials sector include BETTERI, Sanyuan, and others, with BETTERI's revenue from graphite-related business exceeding 10 billion yuan [29] - The industry is concentrated in regions like Guangdong, Shanghai, and Zhejiang, with many representative companies located in Guangdong [30] Future Outlook - The demand for graphite anode materials is anticipated to surge, particularly driven by the growth in electric vehicle batteries and energy storage systems, with projections indicating that shipments could exceed 5 million tons by 2030 [36][37] - The industry is expected to see further innovation and consolidation, with leading firms investing in high-end synthetic graphite and other advanced materials [34]

Group 1 - The core viewpoint of the news is that Xiangfenghua's stock has experienced fluctuations, with a current price of 31.92 yuan per share and a market capitalization of 3.8 billion yuan, reflecting a year-to-date increase of 5.49% [1] - As of December 1, the stock saw a decline of 2.03% during the trading session, with a trading volume of 113 million yuan and a turnover rate of 3.19% [1] - The company specializes in the research, production, and sales of lithium battery anode materials, with 99.50% of its main business revenue coming from anode materials [1] Group 2 - As of September 30, the number of shareholders for Xiangfenghua increased by 7.08% to 24,300, while the average circulating shares per person decreased by 6.49% to 4,481 shares [2] - For the period from January to September 2025, Xiangfenghua achieved an operating income of 1.131 billion yuan, representing a year-on-year growth of 8.16%, but the net profit attributable to shareholders decreased by 64.64% to 19.9475 million yuan [2] - Since its A-share listing, Xiangfenghua has distributed a total of 45.0021 million yuan in dividends, with 35.0021 million yuan distributed over the past three years [2]