Core Viewpoint - The company is actively expanding into new business areas such as robot precursors and high-purity electronic chemicals, while managing the balance between traditional business expansion and new investments in response to structural changes in the industry. Group 1: Business Performance - Orders and shipment volumes for NC binary precursor products used in robotics and energy storage have been rapidly increasing this year, becoming a significant driver of the company's performance growth [1] - The cobalt sulfate product has seen substantial revenue growth and improved gross margins due to quality enhancements and rising metal cobalt prices, entering the high-end digital sector [1] - The scale of high-purity electronic chemicals remains relatively small at present [1] Group 2: Strategic Development - The company's new business ventures are based on existing products such as positive electrode precursors, sulfates, and lithium salts, focusing on technological innovation and quality improvement to extend product applications and expand the customer base [1] - The company maintains sufficient overall production capacity and will closely monitor industry developments to promote stable growth across all business areas based on customer demand and market conditions [1]

证券日报网讯 12月22日，芳源股份在互动平台回答投资者提问时表示，公司目前资信状况良好，与多 家商业银行保持着良好的合作关系，未发生抽贷、断贷导致的资金链风险情形。公司将积极通过提升产 品质量、完善供应链管理及深化客户合作等方式，不断增强公司各类产品在市场中的综合竞争力，拓展 多元布局，提升自身盈利能力。公司与银行等金融机构保持紧密沟通，同时也将积极拓展多元化金融合 作场景，增加融资渠道，为公司业务拓展提供持续、稳定的资金支持。对于可转债，公司会持续加强与 投资者的沟通交流，并综合判断正股的股票价格、对正股股东的影响、公司经营情况、市场及行业情况 等多方面因素，适时下修转股价格以促进转股。 ...

Group 1 - The company, Fangyuan Co., stated that specific performance details should be monitored through its periodic reports [1]

证券日报网讯12月22日，芳源股份在互动平台回答投资者提问时表示，公司今年前三季度碳酸锂出货量 不及预期主要是受到原材料采购数量及价格的影响。公司今年主要使用回收料进行碳酸锂的生产，但回 收料种类繁多，黑粉的金属含量、杂质各有差异，除杂提纯工艺具有一定的复杂性，客观上需要一定周 期。公司已逐步加大对回收材料的采购与使用力度，持续提升回收料的处理能力，加之目前已恢复硫酸 锂溶液的采购，通过多渠道补充原料供应，以逐步提升碳酸锂的产销量。 ...

Core Viewpoint - The company has experienced significant growth in orders and shipments of its NC binary precursor products used in robotics and energy storage, which has become a key driver of its performance this year [1] Group 1: Product Performance - The cobalt sulfate products have seen substantial revenue growth and improved gross margins due to enhanced quality and rising metal cobalt prices, allowing entry into high-end digital markets [1] - The high-purity electronic chemicals segment remains relatively small in scale [1] Group 2: Business Strategy - The company is expanding into new markets by leveraging technological innovation and quality improvements based on its existing product lines, including precursor materials, sulfates, and lithium salts [1] - The company maintains sufficient overall production capacity and will closely monitor industry developments to ensure stable business growth according to customer needs and market conditions [1]

Group 1 - The company achieved a comprehensive gross margin of 12.07% in Q3 2025, indicating a significant improvement in profitability [1] - The company plans to enhance the gross margin of its core products through various measures, including improving product quality, ensuring raw material supply, expanding product sales, and increasing capacity utilization [1] - The company has a large inventory amount, which is primarily related to the nature of the industry [1] Group 2 - To alleviate liquidity pressure, the company will enhance its profitability through the aforementioned measures and maintain close communication with banks and financial institutions [1] - The company aims to actively explore diversified financial cooperation scenarios to increase financing channels, providing continuous and stable funding support for business expansion [1] - The company will strengthen communication with investors regarding convertible bonds and will consider various factors to adjust the conversion price appropriately to promote conversion and reduce the asset-liability ratio [1]

证券代码：688148 证券简称：芳源股份 公告编号：2025-072 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 关于为全资子公司提供担保的进展公告 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、准确性和完整性承担法律责任。 重要内容提示： ● 累计担保情况 ■ 注：上表"对外担保总额"是指公司及控股子公司实际发生的对外担保余额（含本次担保）。 一、担保情况概述 （一）担保的基本情况 为满足广东芳源新材料集团股份有限公司（以下简称"公司"）全资子公司江门市芳源循环科技有限公司 （以下简称"芳源循环"）生产经营需要，近日公司与中国银行股份有限公司江门分行（以下简称"中国 银行"）签订了《最高额保证合同》，由公司为芳源循环与中国银行在2023年10月8日至2026年12月31日 期间（包括在本合同生效前债务人与债权人之间已经发生的债权）签署的借款、贸易融资、保函、资金 业务及其它授信业务合同项下实际发生的债务提供最高不超过人民币10,000万元的连带责任保证担保。 （二）内部决策程序 公司于2025年11月21日召开第四届董 ...

| 证券代码：688148 | 证券简称：芳源股份 | 公告编号：2025-072 | | --- | --- | --- | | 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 关于为全资子公司提供担保的进展公告 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、准确性和完整性承担法律责任。 重要内容提示： 担保对象及基本情况 为满足广东芳源新材料集团股份有限公司（以下简称"公司"）全资子公司 江门市芳源循环科技有限公司（以下简称"芳源循环"）生产经营需要，近日公 司与中国银行股份有限公司江门分行（以下简称"中国银行"）签订了《最高额 保证合同》，由公司为芳源循环与中国银行在 2023 年 10 月 8 日至 2026 年 12 月 31 日期间（包括在本合同生效前债务人与债权人之间已经发生的债权）签署的 借款、贸易融资、保函、资金业务及其它授信业务合同项下实际发生的债务提供 最高不超过人民币 10,000 万元的连带责任保证担保。 （二）内部决策程序 | | 被担保人名称 本次担保金额 | 10,000 | 江门市 ...

Core Viewpoint - Fangyuan Co., Ltd. has signed a maximum guarantee contract with Bank of China to provide a joint liability guarantee of up to 100 million yuan for its wholly-owned subsidiary, Fangyuan Recycling, with a guarantee period until December 31, 2026. This guarantee is a renewal of a previous contract and does not increase the guarantee balance, which remains at 1.34 billion yuan [1] Group 1 - The company has a total external guarantee balance of 1.34 billion yuan, which accounts for 238.84% of the latest audited net assets [1] - There are no overdue guarantees as of the announcement date [1]

光大保德信诚鑫混合A（003115）基金经理为朱剑涛。 截至发稿，朱剑涛累计任职时间1年228天，现任基金资产总规模18.51亿元，任职期间最佳基金回报 47.32%， 任职期间最差基金回报6.75%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 12月19日，芳源股份涨5.01%，截至发稿，报9.01元/股，成交1.70亿元，换手率3.84%，总市值45.97亿 元。 资料显示，广东芳源新材料集团股份有限公司位于广东省江门市新会区古井镇万兴路75号，成立日期 2002年6月7日，上市日期2021年8月6日，公司主营业务涉及从事锂电池三元正极材料前驱体和镍电池正 极材料的研发、生产和销售。主营业务收入构成为：硫酸盐46.96%，前驱体29.77%，碳酸锂14.07%， 其他7.90%，球形氢氧化镍1.31%。 从基金十大重仓股角度 数据显示，光大保德信基金旗下1只基金重仓芳源股份。光大保德信诚鑫混合A（003115）三季度持有 股数2.43万股，占基金净值比例为1.0 ...