证券代码：002709 证券简称：天赐材料 公告编号：2026-017 广州天赐高新材料股份有限公司 关于为子公司提供担保的公告 天赐材料（002709） 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。 一、担保情况概述 广州天赐高新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 11 日召 开第六届董事会第三十一次会议、2025 年 5 月 8 日召开 2024 年度股东大会审议 通过了《关于 2025 年度向子公司提供担保额度的议案》。根据子公司的生产经营 和资金需求情况，公司为子公司的银行融资及项下债务、供应商申请信用账期等 业务提供担保，该等形式提供担保的总额不超过人民币 65 亿元，其中对资产负 债率 70%以下的子公司总担保额度不超过人民币 50 亿元，对资产负债率 70%以 上的子公司担保额度为不超过人民币 15 亿元，财务部可根据各公司资金需求情 况及各银行业务特点做适当调整。 2026 年 1 月 19 日，公司与上海浦东发展银行股份有限公司九江分行签订了 《最高额保证合同》，公司为九江天赐高新材料有限公司（以下简称"九江天赐" ...

Group 1 - The chemical sector is experiencing a strong rise due to the ongoing anti-involution efforts and the appreciation of the RMB, which has led to a decrease in crude oil procurement costs. The chemical ETF (159870) saw a net subscription of 1.412 billion units today, marking 14 consecutive days of net inflow [1] - The Ministry of Industry and Information Technology and four other departments issued a notice for the assessment of outdated petrochemical facilities, with progress exceeding 60% in Liaoning's efforts to eliminate and upgrade these facilities by January 9, 2026 [1] - The refining capacity in China is nearing the 1 billion ton threshold, with limited new capacity expected. The exit of outdated facilities is anticipated to improve the supply-demand dynamics in the refining industry [1] Group 2 - The PX market is showing upward momentum, with a day-on-day increase of 0.64% and a year-on-year increase of 6.27% as of January 13. The price spread is $339/ton, which is $100/ton higher than the average of $239/ton in 2025. The import volume of PX accounts for about 20% of total demand, and with limited new capacity, the supply-demand situation is expected to tighten due to growing downstream polyester demand [1] - The polyester industry chain's capacity expansion is nearing completion, with increasing consumer demand in end markets such as textiles and drinking water, as well as growth in Southeast Asia. The industry supply-demand dynamics are improving, awaiting the PTA anti-involution meeting to further enhance the overall chain's outlook [2] - As of January 20, 2026, the CSI sub-sector chemical industry theme index (000813) rose by 1.52%, with significant gains in constituent stocks such as Sankeshu (up 10.00%), Luxi Chemical (up 8.89%), and Satellite Chemical (up 6.67%). The chemical ETF (159870) increased by 1.47%, with the latest price at 0.9 yuan [2]

Group 1 - The core viewpoint of the news is that the global urea market continues to strengthen, with spot prices rising in major production areas due to a significant rebound in European natural gas prices, which increases fertilizer production costs. This situation is compounded by strong agricultural demand in India and simultaneous market strength in Brazil and China, leading to new challenges in the global fertilizer supply chain [1] - The chemical industry, particularly the chemical fertilizer sector and certain sub-products in the pesticide industry, is expected to bear more growth responsibility amid tariff uncertainties, with nitrogen and phosphorus fertilizers and compound fertilizers being relatively self-sufficient and having rigid demand [1] - As of January 20, 2026, the CSI Sub-Industry Chemical Theme Index (000813) rose by 1.66%, with constituent stocks such as Luxi Chemical up by 9.87%, Sankeshu up by 7.91%, and Satellite Chemical up by 6.57%. The Chemical ETF (159870) also increased by 1.69%, with a latest price of 0.9 yuan and a net subscription of 1.066 billion shares, marking 14 consecutive days of net inflow [1] Group 2 - As of December 31, 2025, the top ten weighted stocks in the CSI Sub-Industry Chemical Theme Index (000813) include Wanhua Chemical, Salt Lake Shares, Cangge Mining, Tianci Materials, Juhua Co., Hengli Petrochemical, Hualu Hengsheng, Baofeng Energy, Yuntianhua, and Jinfa Technology, collectively accounting for 45.31% of the index [2] - The Chemical ETF (159870) has formed a MACD golden cross signal, indicating a positive trend in stock performance [3]

Group 1 - Strong capital inflow into the chemical sector, with the chemical ETF (159870) seeing a net subscription of 770 million shares, marking 14 consecutive days of net subscriptions [1] - On the supply side, capital expenditure in the chemical industry is expected to decline in 2024, leading to gradual consumption of existing capacity, while the "anti-involution" trend in China accelerates the elimination of outdated overseas capacity, indicating a potential contraction in supply [1] - On the demand side, the "14th Five-Year Plan" draft emphasizes expanding domestic demand, suggesting that the transition between old and new growth drivers will continue, coupled with the onset of the U.S. interest rate cut cycle, which is expected to boost demand for chemical products [1] Group 2 - As of January 20, 2026, the CSI sub-industry chemical theme index (000813) rose by 0.11%, with notable increases in constituent stocks such as Sanhe Tree (up 7.75%), Satellite Chemical (up 5.34%), and Luxi Chemical (up 5.29%) [1] - The chemical ETF (159870) closely tracks the CSI sub-industry chemical theme index, which consists of seven sub-indices reflecting the overall performance of listed companies in related sub-industries [1] - As of December 31, 2025, the top ten weighted stocks in the CSI sub-industry chemical theme index include Wanhua Chemical, Salt Lake Shares, and Cangge Mining, collectively accounting for 45.31% of the index [2]

Group 1 - The core viewpoint of the news highlights the positive changes in the chemical industry supply side, driven by capital expenditure decline and policy support, which may lead to a reversal in the industry cycle [2] - The Ministry of Industry and Information Technology has issued guidelines for zero-carbon factory construction, focusing on industries with urgent decarbonization needs and aiming to establish a batch of zero-carbon factories in various sectors by 2027 and 2030 [1] - The top ten weighted stocks in the CSI Chemical Industry Theme Index account for 45.31% of the index, indicating a concentrated investment opportunity within the sector [2] Group 2 - The chemical sector is expected to benefit from the "14th Five-Year Plan" aimed at expanding domestic demand and the onset of a U.S. interest rate cut cycle, which could stimulate demand for chemical products [2] - Investors can also explore investment opportunities in the chemical sector through the Chemical ETF linked fund [3]

Core Viewpoint - The Chinese government is enhancing support for the new energy vehicle (NEV) industry through policy adjustments and financial measures, including the issuance of 625 billion yuan in special bonds to stimulate the sector [1][2]. Group 1: Policy and Financial Support - The National Development and Reform Commission has announced the "Two New Policies" for 2026, which aim to optimize support for the NEV sector, including subsidy standards and implementation mechanisms [1]. - The government plans to lower investment thresholds for project applications and increase support for small and medium-sized enterprises, thereby expanding the reach of these policies [1]. - A unified subsidy standard will be implemented nationwide for vehicle scrappage and replacement, as well as for various electronic products [1]. Group 2: Market Performance and Trends - As of December 2025, China's NEV sales reached 1.71 million units, with a market share exceeding 50%, indicating a sustained upward trend in the industry [2]. - The installed capacity of power batteries grew by 30.11% year-on-year, reflecting the industry's ongoing growth and resilience [2]. - The overall prices of upstream raw materials, including lithium carbonate and lithium hydroxide, have increased significantly, with expectations of short-term fluctuations [2]. Group 3: Index and ETF Information - The CSI New Energy Vehicle Industry Index (930997) includes 50 listed companies involved in various aspects of the NEV sector, serving as a benchmark for the industry's leading firms [2]. - The top ten weighted stocks in the index account for 54.65% of the total, with major players including BYD, CATL, and Huichuan Technology [2]. - The New Energy Vehicle ETF (515700) closely tracks the performance of the CSI New Energy Vehicle Industry Index [2].

Group 1 - The Ministry of Finance and the State Taxation Administration announced the cancellation of export VAT rebates for photovoltaic and lithium battery products starting April 1, 2026, significantly increasing export costs and putting pressure on profits, with companies expected to rush to declare exports before the deadline [1] - China's photovoltaic industry holds 80%-90% of global capacity and has been the world's largest in production and installation for over a decade, but faces structural contradictions due to excessive capital inflow and a large number of small enterprises, leading to disordered capacity expansion [1] - The adjustment of the export tax rebate policy is seen as a targeted measure to reduce reliance on subsidies, encouraging technological innovation and shifting the industry from low-price competition to value competition [2] Group 2 - The policy is expected to benefit leading companies by promoting industry concentration and eliminating low-price competition, with companies that have strong technology and cost control likely to gain in the medium to long term [3] - Some companies are signaling a cautious approach, with Tianqi Materials planning to suspend production of a lithium hexafluorophosphate line and adjust investment projects, indicating a shift from large-scale expansion [3] - The introduction of the export tax rebate policy is anticipated to intensify the competition between upstream and downstream sectors, potentially driving up material prices, as most major materials have shown significant price increases since December [3]

Group 1 - The core viewpoint of the articles indicates that the petrochemical industry will likely be included in the national carbon emissions trading market by 2027, with a gradual inclusion of non-CO2 greenhouse gases like methane and nitrous oxide into the regulatory framework [1] - The Ministry of Industry and Information Technology and other departments have issued guidelines for the construction of zero-carbon factories, aiming to expand this initiative to various high-energy-consuming industries by 2030 [1] - New project approvals in the petrochemical sector will face stricter thresholds, with potential carbon emission assessments required for new or expanded chemical projects [2] Group 2 - The carbon trading mechanism is expected to increase operational costs for companies, particularly those in high-carbon industries, leading to the accelerated exit of outdated production capacities [2] - The China Securities Index for the petrochemical industry has seen a strong increase, with notable gains in stocks such as Huafeng Chemical and Hualu Hengsheng [2] - The top ten weighted stocks in the China Securities Index for the petrochemical industry account for 45.31% of the index, indicating a concentration of investment in major players like Wanhua Chemical and Yanhua Chemical [3]

Group 1 - The article discusses various investment themes including robotics, new energy, AI computing power, and anti-involution [1] - Companies mentioned with their respective stock performance include Wanhua Chemical at 10.22%, Juhua Co. at 3.68%, and Tianqi Lithium at 6.34% [1] - The article highlights the significance of materials such as PEEK and various chemical products like refrigerants and fluorochemicals in the current market [1]

Core Viewpoint - The announcement details the completion of the stock option incentive plan for 2024 by Guangzhou Tinci Materials Technology Co., Ltd, including the approval process, adjustments to the incentive object list, and the registration of reserved stock options. Group 1: Decision Process and Approval - On December 11, 2024, the company's board approved the stock option incentive plan and related proposals, which were also verified by the supervisory board [1] - The initial list of incentive objects was publicly announced from December 13 to December 22, 2024, with no objections received during the public notice period [2] - The second extraordinary general meeting on December 30, 2024, approved the incentive plan, granting the board authority to determine the grant date and manage related matters [3] Group 2: Adjustments and Registration - On December 30, 2024, adjustments were made to the initial list of incentive objects, reducing the number of recipients from 901 to 893 and the total number of options from 15.1985 million to 15.0935 million [4] - The registration of the first grant of stock options was completed on January 17, 2025, with a total of 1.5399 million options reserved for 311 individuals [4][5] Group 3: Stock Option Details - The grant date for the reserved stock options is set for December 9, 2025, with a total of 1.5399 million options granted at an exercise price of 16.64 yuan per option [5] - The stock options are sourced from the company's A-share ordinary stock, and the total number of options granted to any individual cannot exceed 1% of the company's total share capital [5] Group 4: Performance Assessment Requirements - The performance assessment for the incentive plan will be conducted over two fiscal years (2026-2027), with annual evaluations determining the exercise ratio based on company performance [8] - Department-level assessments will be based on the overall performance of each department, while individual assessments will be conducted according to departmental performance and individual contributions [10][12] Group 5: Financial Impact and Valuation - The fair value of the stock options will be calculated using the Black-Scholes model, with parameters including a stock price of 39.96 yuan per share and a historical volatility of approximately 19.48% [15][16] - The estimated costs associated with the stock options will be recognized in the company's regular profits and losses, with a minimal impact on net profit anticipated, considering the potential positive effects on company performance [16]