Group 1 - Huang Yanming, the director of Dongfang Securities Research Institute, stated that the next investment focus in A-shares will be on mid-cap blue chips, moving away from the previous high-growth tech and high-dividend strategies [1] - The investment focus will be on three main areas: globally priced cyclical goods such as chemicals, non-ferrous metals, agricultural products, and global shipping; manufacturing sectors related to technology and national strength enhancement, including military industry, robotics, and new energy; and technology sectors related to large model performance realization [1] Group 2 - The International Institute of Finance reported that global debt has surged to a record $348 trillion, increasing by nearly $29 trillion, marking the fastest growth since the onset of the COVID-19 pandemic [2] - Government debt in countries like the United States and the Eurozone exceeds $10 trillion [2] Group 3 - Several lithium mining companies expect Zimbabwe's lithium ore exports to resume within one month after a temporary suspension [3] - Companies like Zhongmin Resources and Yahua Group are preparing to submit supplementary materials for export applications, indicating that the ban is expected to be lifted soon [3] Group 4 - Overseas tech companies are increasingly turning to loans backed by chips, particularly GPUs, to fund their substantial AI investments, with Moody's beginning to rate GPU-backed debt [4] - NAND flash memory prices are rising due to ongoing shortages, prompting major manufacturers like Phison to require advance payments from customers [4] Group 5 - The Chinese smartphone industry is set to experience a comprehensive price increase starting in March 2026, with new models expected to rise by at least 1,000 yuan [5] - Major brands such as OPPO, OnePlus, Vivo, iQOO, Xiaomi, and Honor are likely to raise prices for older models as well, marking a historic trend of simultaneous price hikes across all categories and brands [5] Group 6 - CCD cameras, once common, have seen a resurgence in popularity, with prices for certain models skyrocketing in the second-hand market [6] - Young consumers are driving this trend, primarily for the aesthetic quality of the images produced by these cameras [6] Group 7 - Baidu Group reported a total revenue of 32.7 billion yuan for Q4 2025, reflecting a year-on-year growth of 5% [7] - The net profit attributable to Baidu was 1.8 billion yuan, with a net profit margin of 5% [7] Group 8 - ByteDance's valuation is reportedly around $550 billion, as investment firm General Atlantic is selling part of its stake [8] - This valuation places ByteDance between Tencent and Alibaba in terms of market capitalization [8] Group 9 - New Hope Liuhe announced a cash investment of 74.87 million yuan to acquire a 70% stake in Luochuan Lingxian Company [9] - The investment will be used for both purchasing shares and increasing capital for the company [9] Group 10 - Aokema plans to acquire a 45% stake in its subsidiary Qingdao Aokema Smart Industry Co., Ltd. for 253 million yuan, aiming for full ownership [10] - The transaction is part of a strategy to consolidate control over its subsidiary [10]

格隆汇2月26日丨天力锂能（维权）(301152.SZ)公布，检修期间，四川天力对产线进行了全面检修、升 级改造，为后续安全、连续、高效生产奠定了坚实基础。截至本公告披露日，四川天力已完成预定检修 计划，并于2026年2月24日全面恢复生产运行状态。 ...

2月26日晚，华瓷股份(001216)发布公告称，公司于近日收到中国证监会出具的《关于同意湖南华联瓷 业股份有限公司向特定对象发行股票注册的批复》（证监许可[2026]309号），同意公司向特定对象发 行股票的注册申请。本次发行应严格按照报送深圳证券交易所的申报文件和发行方案实施。本批复自同 意注册之日起12个月内有效。 新诺威：拟2.3亿元转让国新汇金30%股份给石药控股 合合信息：2025年净利润同比增长13.39% 2月26日晚，合合信息(688615)发布业绩快报，2025年实现营业收入18.1亿元，同比增长25.83%；实现归 母净利润4.54亿元，同比增长13.39%；基本每股收益为3.24元/股。 生益科技：广新集团及陈仁喜已完成减持计划 2月26日晚，生益科技(600183)发布公告称，截至2026年2月25日，广新集团已通过集中竞价交易方式减 持公司股份合计2429.12万股，占公司总股本的1%。陈仁喜已通过集中竞价交易方式减持公司股份合计 30.08万股，占公司总股本的0.0124%。截至本公告披露日，广新集团及陈仁喜的减持计划已实施完毕。 华瓷股份：向特定对象发行股票申请获同意 2月26 ...

天力锂能公告，公司于近日接到全资子公司四川天力锂能有限公司关于复工复产的通知。2026年1月14 日起，为确保磷酸铁锂生产线高效、稳定、安全运行，保障安全生产顺利开展，四川天力对产线按照预 定计划进行停产检修，预计停产检修至2026年2月28日。截至本公告披露日，四川天力已完成预定检修 计划，并于2026年2月24日全面恢复生产运行状态。 ...

证券代码：301152 证券简称：天力锂能 公告编号：2026-014 二、复工复产情况 检修期间，四川天力对产线进行了全面检修、升级改造，为后续安全、连续、 高效生产奠定了坚实基础。截至本公告披露日，四川天力已完成预定检修计划， 并于 2026 年 2 月 24 日全面恢复生产运行状态。 公司指定的信息披露媒体为《中国证券报》《证券时报》《证券日报》《上 海证券报》和巨潮资讯网（http://www.cninfo.com.cn），公司所有信息均以在 上述指定媒体刊登的信息为准。 天力锂能集团股份有限公司 关于全资子公司复工复产的公告 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。 天力锂能集团股份有限公司于近日接到全资子公司四川天力锂能有限公司 （以下简称"四川天力"）关于复工复产的通知，现将有关情况公告如下： 一、基本情况 2026 年 1 月 14 日起，为确保磷酸铁锂生产线高效、稳定、安全运行，保障 安全生产顺利开展，四川天力对产线按照预定计划进行停产检修，预计停产检修 至 2026 年 2 月 28 日。详见公司于 2026 年 1 月 14 日披露 ...

Core Viewpoint - The Shenzhen Stock Exchange has issued regulatory letters to Tianli Lithium Energy Group Co., Ltd. and related auditing and asset evaluation firms due to multiple professional misconducts during the audit and asset evaluation processes for the 2024 annual report [2] Group 1: Audit Project Issues - Tianjian Accounting Firm and signing accountants Liang Yiming and Yin Lulu faced six major issues in the audit of Tianli Lithium's 2024 annual report, including inappropriate selection of materiality benchmarks and inadequate execution of key audit procedures [3] - Specific audit deficiencies included failure to verify key parameters during asset impairment testing, incomplete execution of confirmation procedures for bank account balances, and lack of reliable evidence for revenue recognition [3] - Additional issues involved inadequate procedures for inventory audits and research and development expenses, with missing signatures on key documents and incomplete records [3] Group 2: Asset Evaluation Issues - Beijing Yatai Lianhua Asset Evaluation Co., Ltd. and evaluators Song Xiaowen and Yang Congling encountered errors in parameter selection and calculations during the asset evaluation project for Tianli Lithium [4] - Notable mistakes included incorrect discount rate calculations, erroneous selection of urban construction tax rates, and inaccuracies in capital expenditure amounts and land use index calculations [4] - Errors also extended to data predictions and records, such as depreciation and amortization forecasts, and inaccuracies in the historical operating conditions of the evaluated entity [5] Group 3: Regulatory Response - The Shenzhen Stock Exchange emphasized that the actions of the involved firms violated the listing rules and called for immediate corrective measures to prevent recurrence of such issues [5]

Core Viewpoint - The article discusses regulatory actions taken against Tianjian Accounting Firm and Beijing Asia-Pacific Lianhua Asset Appraisal Company for deficiencies in their auditing and asset appraisal practices related to Tianli Lithium Energy Group Co., Ltd. for the year 2024 [1][17]. Group 1: Tianjian Accounting Firm Issues - Tianjian Accounting Firm and two registered accountants failed to select appropriate materiality benchmarks during the audit of Tianli Lithium Energy's 2024 annual report, not adequately considering the company's increasing importance over the past three years [2][6]. - The firm did not execute asset impairment testing procedures properly, failing to verify the accuracy of key parameters [7]. - The confirmation procedures were inadequately performed, with missing confirmations for bank account balances and incomplete records for accounts receivable [8]. - Revenue audit procedures were insufficient, with some revenue recognition lacking customer signatures or stamps, and incomplete records for revenue detail testing [9]. - Inventory audit procedures were not properly executed, with a lack of attention to the reliability of evidence for inventory stored off-site and incomplete records for cost and inventory data [11]. - R&D expense audit procedures were inadequately performed, with unverified original acceptance reports and interim reports lacking signatures and stamps [12]. Group 2: Beijing Asia-Pacific Lianhua Asset Appraisal Company Issues - The asset appraisal firm made errors in selecting or calculating certain parameters, including incorrect discount rates and city construction tax rates, as well as errors in capital expenditures and land use index calculations [17][18]. - There were inaccuracies in data predictions or records, such as errors in depreciation or amortization forecasts and incorrect historical operating conditions recorded in the asset appraisal report [18].

关于天力锂能集团股份有限公司 前期会计差错更正专项说明的审核报告 尤振专审字[2026]第0056号 天力锂能集团股份有限公司全体股东: 我们接受委托,审核了后附的天力锂能集团股份有限公司(以下简称 "天力锂能")管 理层编制的《天力锂能集团股份有限公司前期会计差错更正专项说明》(以下简称"专项说 明"）。 一、管理层和治理层的责任 根据《企业会计准则第 28 号 -- 会计政策、会计估计变更和差错更正》、中国证券监督 管理委员会关于《公开发行证券的公司信息披露编报规则第 19 号——财务信息的更正及相 关披露》等的相关规定,天力锂能管理层的责任包括:(1)识别前期会计差错,对己识别的 前期会计差错进行适当的更正处理,确保更正后的会计处理符合企业会计准则的相关规定, 并在财务报表中恰当地列报和披露相关信息;（2）真实、准确地编制并披露专项说明。 治理层负责监督天力锂能专项说明的报告过程。 二、注册会计师的责任 我们的责任是在实施鉴证工作的基础上对天力锂能管理层编制的专项说明发表鉴证结 论。我们按照《中国注册会计师其他签证业务准则第 3101 号一历史财务信息审计或审阅以 外的鉴证业务》的规定执行鉴证工作。中国 ...

Financial Performance - The company's operating revenue for the first half of 2025 was ¥966,296,346.06, representing a 1.30% increase compared to ¥953,871,365.85 in the same period last year[22]. - The net loss attributable to shareholders was ¥59,204,485.58, an improvement of 27.30% from a loss of ¥81,436,345.60 in the previous year[22]. - The net cash flow from operating activities improved significantly to -¥26,142,155.33, a 91.92% increase compared to -¥323,388,784.60 in the same period last year[22]. - The total assets of the company at the end of the reporting period were ¥2,875,797,893.05, reflecting a 3.86% increase from ¥2,768,846,005.39 at the end of the previous year[22]. - The net assets attributable to shareholders decreased by 4.19% to ¥1,340,996,513.81 from ¥1,399,682,574.61 at the end of the previous year[22]. - Basic and diluted earnings per share improved to -¥0.50, a 25.37% increase from -¥0.67 in the same period last year[22]. - The weighted average return on net assets was -4.32%, slightly improved from -4.35% in the previous year[22]. - The company's revenue for the reporting period was ¥966,296,346.06, representing a year-on-year increase of 1.30% compared to ¥953,871,365.85 in the previous year[46]. - The company's operating costs increased by 1.47% to ¥916,470,906.68 from ¥903,175,263.16, while management expenses decreased by 12.98% to ¥38,111,535.74 due to reduced wages and intermediary fees[46]. Research and Development - The company invested RMB 35.93 million in R&D during the reporting period and filed 11 new patent applications, including 7 invention patents, enhancing its technological competitiveness in lithium battery materials[31]. - Research and development investment decreased by 41.06% to ¥35,765,017.55 from ¥60,681,299.88, indicating a reduction in R&D activities during the reporting period[46]. - The company has accumulated 128 domestic patent authorizations, including 31 invention patents, which provide a competitive edge in the lithium battery materials market[39]. - The company continues to focus on technological innovation and the development of next-generation battery technologies, including solid-state battery materials and high-nickel low-cobalt technologies[38]. - The company is actively expanding its research and development capabilities through multiple provincial-level research platforms and projects, including high-nickel ternary materials[42]. Market Position and Strategy - The company focuses on the research, production, and sales of lithium battery materials, with core products including ternary materials, lithium iron phosphate, and lithium carbonate, primarily serving the electric vehicle and energy storage markets[29]. - The company is positioned among the top ten enterprises in China for ternary cathode material shipments in the first half of 2025, with a shipment volume of 32.1 thousand tons, reflecting a year-on-year increase of 4.2%[30]. - The company maintains a stable operating model, optimizing procurement, production, and sales processes to adapt to market changes and improve supply chain efficiency[32]. - The company employs a "make-to-order" production model, aligning production plans with customer orders and long-term demand forecasts to manage order fluctuations effectively[35]. - The company has established strategic partnerships with high-quality customers and equipment suppliers to enhance product development and market demand responsiveness[31]. - The company anticipates a significant market expansion in the lithium battery sector, driven by increasing demand for electric vehicles[62]. Financial Management and Investments - The company has completed the registration capital change, reducing it from ¥12,198.2307 million to ¥11,874.0007 million[21]. - The company plans to invest in new projects, including lithium iron phosphate and ternary materials, with expected annual production capacities of 487,600 tons and 2,531 tons respectively[62]. - The company has utilized 92.97% of the raised funds, with 59.97% allocated to specific projects and the remaining funds still in use[64]. - The company has reported a cumulative investment of RMB 9.13 billion in lithium battery materials, with an expected annual production capacity of 1 million tons[62]. - The company has committed to invest 62.8 million yuan in various projects, with a total investment amount of 110 million yuan[65]. Risk Management - The company is facing risks and has outlined measures to address them in the report[3]. - The company faces risks from unfavorable changes in industrial policies, which could impact market demand and operational performance[80]. - Management risks may arise from the complexity of the organizational structure as the business expands, necessitating improvements in management systems[82]. - The company is addressing accounts receivable risks by enhancing management mechanisms and collection efforts to mitigate potential losses[83]. - Fluctuations in raw material prices, particularly lithium salts, pose a risk to product costs and profit margins, prompting the company to strengthen supplier relationships[84]. - Intensified market competition in the lithium battery materials sector is being countered through product innovation and enhanced brand promotion[88]. Shareholder and Dividend Policies - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company plans to implement a cash dividend policy, prioritizing cash distribution of at least 10% of the annual distributable profit[111]. - The cash dividend conditions require the company's distributable profit to be positive and an unqualified audit report to be issued[112]. - The board of directors will propose mid-term cash dividends based on the company's profitability and funding needs[112]. - The company aims to maintain a stable and continuous dividend distribution policy, focusing on cash dividends as the primary method of profit distribution[117]. Compliance and Governance - The company emphasizes strict adherence to laws and regulations to protect shareholder rights and enhance information disclosure management[96]. - The company has not reported any changes in its board of directors, supervisors, or senior management during the reporting period[92]. - The company has established a framework for liability division and exemption clauses in accordance with the Securities Law and relevant judicial interpretations[125]. - The company will disclose any failure to fulfill commitments promptly and will take corrective actions as required by regulatory authorities[132]. - The company has implemented measures to improve internal control and compliance regarding fund usage approvals[150]. Legal Matters - The company reported a total of 24 ongoing lawsuits, with 8 cases concluded and 5 currently in execution[157]. - The total amount involved in the lawsuits is approximately 78.90 million yuan, with no significant impact on the company[157]. - There were no significant litigation or arbitration matters during the reporting period[156]. - The company did not experience any penalties or rectifications during the reporting period[158].

证券代码：301152 证券简称：天力锂能 公告编号：2026-011 天力锂能集团股份有限公司 会议由董事长王瑞庆主持，高管列席。会议召开符合有关法律、法规、规 章和《公司章程》的规定。 二、董事会会议审议情况 经各位董事认真审议，会议形成了如下决议： （一）审议通过《关于前期会计差错更正的议案》 董事会认为：公司本次会计差错更正符合《企业会计准则第 28 号——会计 政策、会计估计变更和差错更正》及《公开发行证券的公司信息披露编报规则第 19 号——财务信息的更正及相关披露》等法律、法规及规范性文件的有关规定， 公司调整 2024 年度的长期资产减值 37,137,900.00 元，由此对 2024 年年度、2025 年第一季度、2025 年半年度、2025 年第三季度合并财务报表及母公司财务报表 进行追溯调整。更正后的财务数据及财务报表能更加客观、准确地反映公司财务 状况及经营成果，公司董事会同意上述会计差错更正事项。公司关于本次会计差 错更正事项的审议和表决程序符合法律法规以及《公司章程》的相关规定，不存 在损害公司及全体股东利益的情形。 本议案已经公司董事会审计委员会审议通过。 第四届董事会第二十二 ...