Investment Rating - The report maintains a "Recommended" rating for Tianma New Materials, indicating a positive outlook based on expected growth and market conditions [3]. Core Insights - The company achieved significant revenue and profit growth in 2024, with operating income reaching 254.85 million yuan, a year-on-year increase of 34.99%, and net profit attributable to shareholders increasing by 221.44% to 39.38 million yuan [3][6]. - The recovery in the downstream consumer electronics industry has led to increased production and sales of the company's main products, with sales revenue from electronic ceramic materials expected to grow by 92.25% year-on-year [3]. - The establishment of an industry research institute aims to enhance collaboration with academic institutions and drive technological advancements in advanced aluminum oxide materials and ceramic membranes [3]. - The company has made breakthroughs in key research projects, including the development of Low-α ray spherical aluminum oxide powder, which is crucial for high-bandwidth memory packaging technology [3]. Financial Performance Summary - In 2024, the company is projected to achieve a net profit of 39.38 million yuan, with further growth expected in subsequent years, reaching 57.82 million yuan in 2025 and 74.78 million yuan in 2026 [3][6]. - The operating income is forecasted to grow from 254.85 million yuan in 2024 to 391 million yuan in 2025 and 483 million yuan in 2026, reflecting a robust growth trajectory [6]. - The company's gross margin is expected to remain stable, with a slight increase from 27.05% in 2024 to 27.74% in 2026 [6].

文 | 中关村储能产业技术联盟 2 月 2 1 日下午，中关村储能产业技术联盟创始人兼常务副理事长俞振华、副秘书长李臻一行 到访中国石油大学（北京）进行调研。中国石油大学（北京）副校长张广清、新能源与材料 学院、机械与储运工程学院的教师代表参加座谈。 双方围绕储能技术的前沿研究、产业化落地的可行性以及专业人才的培育等关键议题展开了 广泛交流。双方同时就第十三届储能国际峰会暨展览会（ESIE 2025）相关事宜进行沟通。 张广清对俞振华一行的到访表示欢迎。他表示，中国石油大学（北京）响应国家绿色低碳转 型号召，积极布局清洁低碳智能学科群， 于2 0 22年获批建设国家储能技术产教融合创新平 台，在储能领域具有显著优势。 双方在人才培养、技术研发、国际交流等方面需求契合，具 有广阔的合作前景，希望双方进一步加强交流合作，实现优势互补，共同为能源行业发展贡 献力量。 俞振华介绍了联盟在储能产业研究、政策推动、活动交流等方面的成果， 长期以来将推动产 学研协同发展作为重要使命， 希望与中国石油大学（北京）在储能技术研发、产业应用及人 才培养等方面开展深入合作。 第十三届储能国际峰会暨展览会 （ESIE2025）定于2 ...