Core Viewpoint - Tianhua New Energy's announcement of its plan to issue H-shares and list on the Hong Kong Stock Exchange is seen as a strategic move to broaden financing channels and enhance its global business layout and technological development [1][5]. Group 1: Company Strategy and Goals - The core objective of the H-share issuance is to accelerate the implementation of the internationalization strategy, leveraging the advantages of international capital markets to create a diversified capital platform and enhance overseas financing capabilities [5]. - The company is currently in discussions with relevant intermediaries regarding the specific details of the H-share issuance, which has not yet been finalized [5]. - The issuance will not lead to a change in the controlling shareholder or actual controller, but there remains significant uncertainty regarding the approval and implementation processes [5]. Group 2: Market Position and Financial Performance - As of January 21, Tianhua New Energy's stock price was 52.03 yuan per share, with a daily increase of 6.88%, resulting in a total market capitalization of 43.224 billion yuan [2]. - The company has established a global resource layout, holding lithium mining rights in Nigeria and the Democratic Republic of Congo, with significant lithium resources identified [7]. - Tianhua New Energy has formed a collaborative development structure with three major business segments, focusing on lithium battery materials, anti-static ultra-clean technology products, and medical devices [7]. Group 3: Industry Context and Competitive Advantage - The lithium battery materials industry is experiencing increased concentration, with leading companies expanding capacity and iterating technology to solidify their advantages [6]. - Tianhua New Energy's global resource layout and capacity expansion create dual barriers in the competitive landscape, allowing the company to mitigate risks associated with lithium price fluctuations [8]. - The company has made technological advancements in solid-state battery materials, positioning itself to capture higher value in the supply chain and reduce dependence on lithium price volatility [8].

Core Viewpoint - Suzhou Tianhua New Energy Technology Co., Ltd. (Tianhua New Energy) has announced its plan to issue H-shares and list on the Hong Kong Stock Exchange, which is seen as a key move to broaden financing channels and support global business expansion and technological upgrades [1][3]. Group 1: H-Share Issuance and Strategic Goals - The core objective of the H-share issuance is to accelerate the implementation of the internationalization strategy, leveraging the advantages of international capital markets to create a diversified capital platform and enhance overseas financing capabilities [3][9]. - The issuance will not lead to changes in the controlling shareholder or actual controller, but there are uncertainties regarding the approval and implementation processes [3][9]. Group 2: Market Position and Financial Performance - As of January 21, Tianhua New Energy's stock price was 52.03 yuan per share, with a daily increase of 6.88%, resulting in a total market capitalization of 43.224 billion yuan [1][7]. - The company has established a global resource system, holding multiple lithium mining rights in Nigeria and Congo, with a reported lithium resource of 25 million tons at an average grade of 1.36% [5][11]. Group 3: Business Structure and Product Offerings - Tianhua New Energy has formed a collaborative development structure with three main business segments: new energy lithium battery materials, anti-static ultra-clean technology products, and medical device operations [4][10]. - The core products include battery-grade lithium hydroxide and battery-grade lithium carbonate, which are essential raw materials for lithium-ion battery cathodes, widely used in power and energy storage batteries [4][10]. Group 4: Competitive Advantages and Future Outlook - The company's global resource layout and capacity expansion create dual barriers in the lithium battery materials industry, allowing it to mitigate risks associated with lithium price fluctuations [6][12]. - Tianhua New Energy's advancements in solid-state battery materials and low-cost advantages position it favorably for sustainable growth, with expectations of increased profitability as lithium prices rise [6][12].

截至1月21日收盘，天华新能股价报52.03元/股，总市值约为432.2亿元。 北京商报讯(记者马换换李佳雪)1月21日晚间，天华新能（300390）披露公告称，为加快国际化战略布 局，利用国际资本市场优势，打造多元化资本平台，增强公司境外融资能力，公司正在筹划在境外发行 股份(H股)并在香港联交所上市。 天华新能表示，截至公告披露日，公司正在与相关中介机构就本次H股发行上市的具体推进工作进行商 讨，相关细节尚未确定。本次发行H股并上市不会导致公司控股股东和实际控制人发生变化。 ...

天华新能（300390）(300390.SZ)公告，公司正在筹划在境外发行股份(H股)并在中国香港联合交易所有 限公司上市。截至本公告披露日，公司正在与相关中介机构就本次H股发行上市的具体推进工作进行商 讨，相关细节尚未确定。本次发行H股并上市不会导致公司控股股东和实际控制人发生变化。 ...

智通财经APP讯，天华新能(300390.SZ)公告，公司正在筹划在境外发行股份(H股)并在中国香港联合交 易所有限公司上市。截至本公告披露日，公司正在与相关中介机构就本次H股发行上市的具体推进工作 进行商讨，相关细节尚未确定。本次发行H股并上市不会导致公司控股股东和实际控制人发生变化。 ...

人民财讯1月21日电，天华新能（300390）1月21日公告，公司正在筹划发行H股股份并在香港联交所上 市。截至公告披露日，公司正在与相关中介机构就本次H股发行上市的具体推进工作进行商讨，相关细 节尚未确定。本次发行H股并上市不会导致公司控股股东和实控人发生变化。 ...

格隆汇1月21日丨天华新能(300390.SZ)公布，为加快国际化战略布局，利用国际资本市场优势，打造多 元化资本平台，增强公司境外融资能力，进一步提高公司的资本实力和综合竞争力，根据公司总体发展 战略及运营需要，正在筹划在境外发行股份（H股）并在香港联合交易所有限公司（简称"香港联交 所"）上市。截至本公告披露日，公司正在与相关中介机构就本次H股发行上市的具体推进工作进行商 讨，相关细节尚未确定。本次发行H股并上市不会导致公司控股股东和实际控制人发生变化。 ...

天华新能公告，公司正在筹划在境外发行股份(H股)并在香港联合交易所有限公司上市。截至本公告披 露日，公司正在与相关中介机构就本次H股发行上市的具体推进工作进行商讨，相关细节尚未确定。本 次发行H股并上市不会导致公司控股股东和实际控制人发生变化。 ...

天华新能公告称，为加快国际化战略布局，利用国际资本市场优势，公司正在筹划在境外发行股份（H 股）并在香港联合交易所有限公司上市。 ...

关于筹划发行 H 股股票并在香港联合交易所有限公司上市 的提示性公告 证券代码：300390 证券简称：天华新能 公告编号：2026-001 苏州天华新能源科技股份有限公司 本次发行 H 股并上市能否通过审议、备案和审核程序并最终实施具有较大 不确定性。后续公司将依据相关法律法规的规定以及本次 H 股上市的后续进展 情况及时履行信息披露义务。敬请广大投资者关注后续公告，理性投资并注意投 资风险。 2026 年 1 月 21 日 特此公告。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 苏州天华新能源科技股份有限公司董事会 苏州天华新能源科技股份有限公司（以下简称"公司"）为加快国际化战略 布局，利用国际资本市场优势，打造多元化资本平台，增强公司境外融资能力， 进一步提高公司的资本实力和综合竞争力，根据公司总体发展战略及运营需要， 正在筹划在境外发行股份（H 股）并在香港联合交易所有限公司（以下简称"香 港联交所"）上市（以下简称"本次 H 股上市"）。截至本公告披露日，公司 正在与相关中介机构就本次 H 股发行上市的具体推进工作进行商讨，相关细节 尚未确定。 ...