翔丰华于2025年8月29日在公司会议室接待了中信建投、路演时代、麦高证券等10家机构的线下调研。 参与接待的上市公司人员为董事会秘书叶文国及证券事务代表尚德龙。以下为本次投资者关系活动的主 要内容： 上半年业绩承压，下半年有望改善 上半年负极市场价格低位，原材料价格虽先涨后跌但仍高于去年同期，公司成本承压，二季度盈利能力 弱于上年同期，但较今年一季度已有明显好转。在客户合作方面，公司与LG新能源、比亚迪、国轩高 科等核心客户保持稳定合作，并积极开拓新客户，新增动力电池客户极耀、储能电池客户楚能新能源 等。下半年核心客户订单量有所增加，新客户预计在第四季度放量，产能利用率进一步提升，毛利率将 有所改善。此外，上海碳峰产业园项目预计2026年初达到可租可售状态，招商工作已与多家企业及服务 单位达成入园意向。 募投项目稳步推进 募投项目正常推进，"研发中心建设项目"预计2026年7月完成，相关设备采购已基本完成；"6万吨人造 石墨负极材料一体化生产基地建设项目"预计2026年12月建设完成，具体进展公司将通过后续公告披 露。 长期战略不受上半年行业挑战影响 尽管2025年上半年负极材料面临下游去库存、供需失衡和价 ...

上海市翔丰华科技股份有限公司投资者关系活动记录表 证券代码：300890 证券简称：翔丰华 | | 特定对象调研 ☑ | □分析师会议 | | --- | --- | --- | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | （请文字说明其他活动内容） □其他 中信建投：吴俊 | | | | 路演时代：潘芳勤 麦高证券：张帆远 | | | | 财通证券：程嘉琳 | | | | 西部证券：景高琦 | | | 参与单位名称及 人员姓名 | 东方财富：刘冠 | | | | 华西银峰：马行川 | | | | 上海瀛东：李音瑶 | | | | 万纳基金：李浩川 | | | | 光大证券：陈无忌 | | | | 燕园资本：张德坤 | | | 时间 | 2025 年 8 月 29 日 | | | 地点 | 上海市翔丰华科技股份有限公司会议室 | | | 形式 | 线下交流 | | | 上市公司接待人 | 董事会秘书：叶文国 | | | 员姓名 | 证券事务代表：尚德龙 | | 编号：2025-03 | | 长循环等新型负极材料的 ...

Core Viewpoint - The company reported a decline in revenue and a net loss for the first half of 2025, primarily due to increased competition and falling product prices in the graphite anode materials industry [2] Financial Performance - Revenue for the first half of 2025 was 687,591,351.12 yuan, a year-on-year decrease of 2.8% [2] - The net loss attributable to shareholders was 2,945,933.47 yuan, a shift from profit to loss compared to the previous year [2] - The net loss after deducting non-recurring gains and losses was 14,797,234.41 yuan, also a shift from profit to loss year-on-year [2] - Total assets amounted to 4,711,012,343.51 yuan, reflecting a year-on-year growth of 6.19% [2] - Net assets attributable to shareholders were 2,167,008,321.62 yuan, showing a slight decline of 0.14% year-on-year [2] - Basic earnings per share were 0.0247 yuan per share [2] Industry Context - The decline in performance is attributed to an imbalance in supply and demand in the graphite anode materials sector, exacerbated by increased market competition and falling product prices [2] - The company specializes in the research, production, and sales of lithium battery anode materials, primarily focusing on graphite anode materials used in various applications including electric vehicles, consumer electronics, and industrial energy storage [2] - The company is also involved in the development of new carbon materials, including silicon-carbon anodes, hard carbon anodes, and graphene, and has established the basic conditions for industrialization in these areas [2]