Core Insights - The company reported a third-quarter revenue of 443 million, representing a year-on-year increase of 31.08% [1] - The net profit for the third quarter was 22.89 million, showing a year-on-year growth of 26.01% [1] - For the first three quarters, the total revenue reached 1.131 billion, which is an 8.16% increase compared to the same period last year [1] - However, the net profit for the first three quarters was 19.95 million, reflecting a significant year-on-year decline of 64.64% [1]

2025 年第三季度报告 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。 上海市翔丰华科技股份有限公司 2025 年第三季度报告 证券代码：300890 证券简称：翔丰华 公告编号：2025-69 上海市翔丰华科技股份有限公司 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 ☑否 1 上海市翔丰华科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 ☑否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 443,307,759.26 | 31.08% ...

Core Viewpoint - The company has developed production technology for silicon-carbon and silicon-oxygen anode materials, which are suitable for solid-state batteries, indicating potential growth in the battery materials sector [2] Group 1 - The company has the basic conditions for industrialization of its anode materials technology [2] - The company adheres to relevant laws and accounting standards for information disclosure and financial management [2] - All annual reports of the company have been independently audited by qualified accounting firms, receiving standard unqualified audit opinions [2]

Market Overview - The battery sector experienced a decline of 3.68% on the previous trading day, with Xiongtao Co. leading the drop [1] - The Shanghai Composite Index closed at 3839.76, down 1.95%, while the Shenzhen Component Index closed at 12688.94, down 3.04% [1] Individual Stock Performance - Tianji Co. saw a significant increase of 5.96%, closing at 24.16, with a trading volume of 1.5971 million shares [1] - Xiongtao Co. reported a notable decline of 9.98%, closing at 19.39, with a trading volume of 304,200 shares and a transaction value of 609 million [2] - Other notable declines included Yiwai Lithium Energy at -8.91% and Pioneering Technology at -8.00% [2] Capital Flow Analysis - The battery sector experienced a net outflow of 6.753 billion yuan from institutional investors, while retail investors saw a net inflow of 5.664 billion yuan [2][3] - The top stocks by net inflow from institutional investors included Tianji Co. with 198 million yuan, while Zhuhaiguan Yu experienced a net outflow of 36.98 million yuan from retail investors [3]

Group 1 - The company has developed silicon-carbon and silicon-oxygen anode materials production technology, which meets the basic conditions for industrialization and can be applied to solid-state batteries [2] - The company adheres to relevant laws, regulations, and accounting standards for information disclosure and financial management [2] - All annual reports of the company have been independently audited by qualified accounting firms, receiving standard unqualified audit opinions [2]

Group 1 - The company is currently constructing the Shanghai Carbon Peak Industrial Park project, which has not yet begun operations [2] - The company has developed production technology for silicon-carbon anode materials and is prepared for industrialization [2] - Future production lines and capacity planning will be based on customer and market demand [2]

Core Viewpoint - The company Xiangfenghua (300890) has confirmed its capability in the production technology of gas-phase deposition silicon-carbon anode materials and is prepared for industrialization based on market demand [1] Group 1 - The company has the basic conditions for industrialization of gas-phase deposition silicon-carbon anode materials [1] - Future production lines and capacity layout will be planned actively according to customer and market needs [1] - The company will increase efforts in product development and promotion related to these materials [1]

证券代码：300890 证券简称：翔丰华 公告编号：2025-67 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 2、2025 年第三季度，共有 30 张"翔丰转债"完成转股（票面金额共计人民 币 3,000.00 元），合计转成 108 股"翔丰华"股票（证券代码：300890）； 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； 3、截至 2025 年 9 月 30 日，公司剩余可转换公司债券 5,734,851 张,剩余可 转换公司债券票面总额为人民币 573,485,100.00 元。 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 年第三季度可转换公司 ...

Group 1 - The solid-state battery industry is experiencing positive growth, with over 80% of listed companies showing revenue growth in the first half of 2025 compared to the same period in 2024 [2][3] - The fastest revenue growth in the lithium battery anode sector was recorded by Shangtai Technology, with a year-on-year increase of 61.83% in the first half of 2025 [2] - The overall trend for net profit in the lithium battery anode industry is positive, with 80% of listed companies reporting an increase in net profit compared to the first half of 2024 [3] Group 2 - The shipment volume data for the first half of 2025 shows a general positive growth trend, with a 120% increase in shipment volume for Suotong Development [4] - Approximately 50% of listed companies reported a shipment volume growth rate of over 20% in the first half of 2025 [4] - The shipment volume for Beiterui reached 26 million units in the first half of 2025, reflecting a year-on-year growth of 32.83% [5] Group 3 - Beiterui achieved a revenue of 7.838 billion yuan in the first half of 2025, representing an 11.36% year-on-year increase, while net profit decreased by 2.88% to 479 million yuan [8][9] - The gross margin for Beiterui increased by 1.34 percentage points, and the net margin increased by 0.41 percentage points compared to the first half of 2024 [9][10] - The company has a production capacity of 57.5 million tons per year for anode materials and 7.3 million tons per year for cathode materials [8] Group 4 - Shanshan Co., Ltd. reported a revenue of 9.858 billion yuan in the first half of 2025, with a net profit of 207 million yuan, marking a significant year-on-year increase of 1059.59% [14] - The gross margin and net margin for Shanshan Co., Ltd. improved compared to the first half of 2024, with gross margin increasing by 1.78 percentage points [14][15] - The company has established long-term stable partnerships with major battery manufacturers such as CATL and BYD [15] Group 5 - The overall revenue for the lithium battery anode sector in the first half of 2025 was 36.13 billion yuan, reflecting a 59.60% increase year-on-year, with net profit reaching 2.72 billion yuan, a 293.13% increase [22] - The gross margin and net margin for Zhongke Electric improved significantly, with gross margin increasing by 2.71 percentage points [22][23] - The company has established stable partnerships with major clients including CATL and BYD [23] Group 6 - Shangtai Technology reported a revenue of 3.388 billion yuan in the first half of 2025, a 61.83% increase year-on-year, with net profit reaching 479 million yuan, a 34.37% increase [27] - The company has entered the supply chain of major battery manufacturers such as CATL and BYD, enhancing its market presence [29] - The company has successfully completed the construction of its North Su Phase II project, significantly increasing its production capacity [24][26] Group 7 - Yicheng Energy achieved a revenue of 2.069 billion yuan in the first half of 2025, a 9.71% increase year-on-year, while net profit improved to -170 million yuan, a reduction in losses by 61.65% [38][39] - The company has established a production base for anode materials, enhancing its operational efficiency [36] - The gross margin for Yicheng Energy increased by 1.54 percentage points compared to the first half of 2024 [38] Group 8 - Suotong Development reported a revenue of 8.306 billion yuan in the first half of 2025, a 28.28% increase year-on-year, with net profit soaring by 1568.52% to 523 million yuan [43] - The company has seen significant improvements in both gross margin and net margin, with gross margin increasing by 6.98 percentage points [43][42] - The company’s anode product output reached 4.29 million tons, reflecting an 84.91% increase year-on-year [42] Group 9 - The overall market for lithium battery anode materials is characterized by high growth rates, with a concentration of major players dominating the market [49] - The global market concentration for lithium battery anode materials is over 60%, with Chinese companies maintaining a high market share [49] - The industry is witnessing a trend of strong players becoming stronger, with significant barriers to entry for new competitors [35]

证券代码：300890 证券简称：翔丰华 公告编号：2025-66 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 关于公司董事、总经理减持计划完成暨实施情况公告 公司董事、总经理赵东辉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 | 减持股数 （万股） | 减持比例 （%） | | --- | --- | --- | --- | --- | --- | | 赵东辉 | 集合竞价 | 2025 年 8 月 8 日-2025年9月 | 33.09 | 2.5 | 0.021 | | | | 29 日 | | | | | | 合计 | | | 2.5 | 0.021 | 重要内容提示： 1. 上海市翔丰华科技股份有限公司（以下简称"公司"、"翔丰华"）公 司董事、总经理赵东辉减持公司股票，未触及要约收购。 2. 本次权益变动后，赵东辉先生持有公司股份 75,000 股，占公司总股本 的 0.063%。其中无限售条件股份 0 股 ...