格隆汇2月27日丨芳源股份(688148.SH)公布2025年度业绩快报，公司2025年实现营业收入227,788.33万 元，较上年同期增长5.39%；实现归属于母公司所有者的净利润-9,778.06万元，较上年同期亏损幅度大 幅收窄。 ...

（记者 王晓波） 每经头条（nbdtoutiao）——中美大反转，中国AI调用量首超美国，A股嗨了，多板块掀涨停潮！华尔 街知名分析师：中国算力路径颠覆传统认知 每经AI快讯，芳源股份2月27日晚间发布2025年度业绩快报，营业收入约22.78亿元，同比增加5.39%； 归属于上市公司股东的净利润亏损9778.06万元；基本每股收益亏损0.19元。上年同期营业收入约21.61 亿元；归属于上市公司股东的净利润亏损约4.27亿元；基本每股收益亏损0.85元。 ...

（文章来源：证券日报） 证券日报网讯 2月27日，芳源股份发布公告称，公司2025年实现营业收入227788.33万元，较上年同期增 长5.39%。 ...

南财智讯2月27日电，芳源股份发布2025年度业绩快报，报告期内公司实现营业收入22.78亿元，同比增 长5.39%；归属于上市公司股东的净利润-9778.06万元；基本每股收益-0.19元。 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2026-014 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 2025 年度业绩快报公告 注 2：上述财务数据及指标以合并报表数据填列，但未经审计，最终结果以公司 2025 年年度报告为准； 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计， 具体数据以广东芳源新材料集团股份有限公司（以下简称"公司"）2025年年度 的定期报告为准，提请投资者注意投资风险。 注 3：本报告期初数同法定披露的上年年末数。 二、经营业绩和财务状况情况说明 （一）报告期内经营情况、财务状况及影响经营业绩的主要因素 一、2025 年度主要财务数据和指标 单位：人民币万元 | 项目 | 本报告期 | 上年同期 | 增减变动幅度 | | --- | --- | --- | --- | | | | | （%） | | 营业总收入 ...

芳源股份发布业绩快报，2025年度实现营业总收入22.78亿元，同比增长5.39%；净利润亏损9778.06万 元，上年同期亏损4.27亿元。公司2025年下半年实现扭亏为盈，主要系公司新技术的应用降低了生产成 本，金属价格持续上涨，产品毛利率显著提升，叠加存货跌价准备同比大幅减少及技术出口合作项目的 收入确认。 ...

Group 1 - The core point of the news is the recent changes in shareholder equity and convertible bond matters for Fangyuan Co., Ltd. [1] - As of February 10, 2026, major shareholder Betterray New Materials Group Co., Ltd. reduced its holdings by 5,800 shares, decreasing its ownership from 5.0011% to 5.0000%, effectively becoming a non-major shareholder [1] - The company announced on February 9, 2026, that Fangyuan convertible bonds may trigger conditions for a downward adjustment of the conversion price, which will be reviewed by the board if conditions are met [1] Group 2 - Fangyuan Co., Ltd. stock price has shown volatility recently, closing at 8.49 yuan on February 12, 2026, down 0.70% with a trading volume of 81.0369 million yuan [2] - On February 11, 2026, the stock price was 8.55 yuan, reflecting an increase of 0.83% [2] - On February 12, 2026, there was a net outflow of 9.092 million yuan in main funds, accounting for 11.22% of the total trading volume, while on February 11, 2026, there was a net inflow of 6.1439 million yuan [2] - The financing balance has decreased continuously, with a reduction of 0.06 billion yuan over the past five days, representing a decline of 3.59% [2] Group 3 - In the third quarter of 2025, the company reported an improvement in performance with a quarterly revenue of 590 million yuan, a year-on-year increase of 57.3% [3] - The net profit attributable to the parent company was 28.0594 million yuan, marking a turnaround from losses [3] - However, the company is expected to incur an annual loss for 2025, with a projected net loss attributable to the parent company ranging from 120 million yuan to 80 million yuan, primarily due to production line upgrades and high costs in the first half of the year [3] - The third-quarter report for 2025 indicated a debt ratio of 84.32% and a gross profit margin of 3.05% [3]

Core Viewpoint - Fangyuan Co., Ltd. (688148.SH) announced that as of February 12, 2026, its stock price has triggered the downward adjustment clause for the "Fangyuan Convertible Bonds" [1] Group 1 - The company's board of directors decided not to adjust the conversion price downward at this time [1] - The company will not propose a downward adjustment plan even if the conversion price is triggered again within the next two months, from February 13, 2026, to April 12, 2026 [1]

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2026-013 | | --- | --- | --- | | 转债代码：118020 | 转债简称：芳源转债 | | 广东芳源新材料集团股份有限公司 关于不向下修正"芳源转债"转股价格的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 截至 2026 年 2 月 12 日，广东芳源新材料集团股份有限公司（以下简称 "公司"）股价已触发"芳源转债"转股价格向下修正条款。 经公司第四届董事会第十次会议审议，公司董事会决定本次不向下修正 转股价格，同时在未来两个月内（即 2026 年 2 月 13 日至 2026 年 4 月 12 日）， 如再次触发"芳源转债"转股价格向下修正条款，亦不提出向下修正方案。 一、可转换公司债券基本情况 发行可转换公司债券证券募集说明书》（以下简称《募集说明书》）的约定，"芳 源转债"转股期间为 2023 年 3 月 29 日至 2028 年 9 月 22 日，初始转股价格为 18.62 元/股。 （二）转股价 ...

Core Viewpoint - The announcement details a change in the shareholding of Guangdong Fangyuan New Materials Group Co., Ltd. (the Company) by its major shareholder, Betterray New Materials Group Co., Ltd. (Betterray), which has reduced its stake to below 5% through a series of transactions [1][5]. Group 1: Shareholding Changes - Betterray's previous shareholding was 20,414,408 shares, representing 3.9894% of the total shares as of December 30, 2022 [2][11]. - Between January 20 and March 31, 2023, the Company's total shares decreased from 511,718,000 to 511,606,053 due to stock repurchase and conversion of convertible bonds, resulting in Betterray's passive increase in shareholding percentage to 3.9903% [3][12]. - On June 26, 2023, Betterray's shares increased to 25,514,408, raising its holding percentage to 4.9871% after returning borrowed shares [3][12]. - Following a stock repurchase on October 27, 2023, Betterray's holding percentage increased to 5.0011% due to a reduction in the Company's total shares to 510,173,053 [3][12]. Group 2: Recent Transactions - On February 10, 2026, Betterray reduced its holdings by 5,800 shares, bringing its total to 25,508,608 shares and its holding percentage down to 5.0000% [5][10]. - The reduction in shareholding was executed through a centralized bidding process, marking the first time Betterray's stake fell below the 5% threshold [5][10]. - The actual holding percentage after the reduction is 4.99999%, rounded to 5.0000% for reporting purposes [10]. Group 3: Future Plans - Betterray has announced a plan to further reduce its holdings by up to 5,101,730 shares, which is not more than 1% of the total shares, within a three-month period starting from February 3, 2026 [9][10].