本报告期公司业绩亏损的主要原因：公司原有产品市场需求萎缩而新产品尚未形成批量订单，产能利用 率偏低，导致单位产品分摊的折旧、人工等固定成本相对较高，闲置产能停工损失直接计入成本对整体 利润形成较大压力。同时公司为保持技术领先优势并拓展新市场，公司持续加大研发投入，除投向传统 锂离子电池正极材料外，还有钠离子电池正极材料、固态电池材料等前沿技术领域，研发费用同比上 升。以上原因综合导致报告期业绩出现亏损。2、公司本年度亏损收窄的原因：主要得益于成本控制措 施的有效实施，以及原材料价格上涨带来的减值损失的减少。 格隆汇2月27日丨振华新材(688707.SH)公布2025年度业绩快报，2025年度，公司实现营业收入14.28亿 元，同比下降27.16%；实现归属于上市公司股东的净利润-4.32亿元；实现归属于上市公司股东的扣除 非经常性损益的净利润-4.42亿元。 ...

Group 1: Company Overview - The company is Shandong Taihe Technology Co., Ltd., with the stock code 300801 and the abbreviation Taihe Technology [1]. Group 2: Investor Relations Activity - The investor relations activity took place on November 4, 2025, from 13:30 to 15:30 at the company's conference room in Zaozhuang, Shandong [2]. - Participants included representatives from Huatai Securities, CITIC Securities, Zheshang Securities, Changjiang Securities, Guotai Junan Asset Management, and Shenzhen Haiya Jin控 [2]. Group 3: Product Development - The lithium sulfide product is currently in the pilot test stage [2]. - The solid-state electrolyte lithium titanium phosphate can be applied to oxide solid-state batteries and is also in the pilot test stage [2]. Group 4: R&D Team Composition - The R&D team is led by an expert group, primarily composed of professionals recruited from universities and trained internally, with most members holding graduate degrees [3]. Group 5: Future Profit Growth Points - Future profit growth points include water treatment agents, electronic chemicals (various high-purity materials, chelating agents, dispersants), battery materials (including sodium battery anodes and cathodes, solid-state electrolyte raw materials like lithium sulfide and sulfide solid electrolytes), new materials, and synthetic biology [3].