Tianma New Materials (920971) Holds an Online Investor Conference to Disclose New Product Development and Overseas Market Progress

Henan Tianma New Materials Co., Ltd. held an investor communication meeting via an online phone conference organized by Jinmen Finance on April 2, 2026, discussing issues such as downstream demand for electronic ceramic powders, progress in new product development, reasons for changes in net profit in the fourth quarter of 2025, and overseas business conditions.

Regarding the electronic ceramic powder business, electronic ceramic powder is a product with a high sales proportion for the company. Its downstream includes ceramic substrates, IGBT, electric vacuum tube shells, and other products, with end applications in consumer electronics, automotive electronics, semiconductor manufacturing and packaging, communications, new energy, and other industrial fields. As demand for computing power, large models, and data increases downstream, coupled with automotive intelligence, consumer electronics upgrades, semiconductor localization, and new energy transformation, the demand for electronic components continues to grow and new fields are being opened. However, the company also notes that industry development faces uncertain risks such as technological iteration and market demand fluctuations.

In terms of new product development, the company’s nano-alumina powder has currently completed research and development goals. Pilot products are in the sample verification stage, mainly involving ceramics and grinding/polishing fields, with mass production expected within the year. The third-generation semiconductor packaging ceramic powder is a joint R&D project between the company and the Henan Academy of Sciences. Currently, the process route research has been completed in the laboratory stage, and next, based on market scale, customer verification will be submitted. The high-conversion spherical alumina has mastered mass production processes and, after customer verification, can enter mass production. Additionally, the company has developed a composite zirconia powder system to upgrade products in this category, improving performance and applicable to single crystal silicon wafer grinding and polishing. Currently, sample verification work with downstream customers is underway. The above R&D products still face uncertain risks such as customer verification not meeting expectations, market demand changes, and mass production progress falling behind plans.

Regarding the net profit change in the fourth quarter of 2025, the significant reasons for the sharp increase include the reversal of non-operating expenses caused by litigation, the reversal of share-based payments, and receipt of government subsidies. After removing these special factors, net profit attributable to the parent company improved quarter by quarter, returning to normal levels by the fourth quarter.

In terms of overseas business, the company’s overseas revenue growth was mainly influenced by a low base last year, and the overseas market expansion was achieved in 2025. In 2026, the company will continue to deepen its overseas market layout, focusing on promoting series products such as high-voltage electrical appliances, electronic ceramics, spherical alumina, etc. Overseas customers mainly focus on product stability and high technical indicators. The company also notes that future overseas expansion still faces risks such as changes in the international trade environment, intensified market competition, and long customer certification cycles.

Tongbi Finance learned that the company has long focused on the field of advanced inorganic non-metallic materials, mainly engaged in the research, production, and sales of high-performance fine alumina powders. The company’s main products are fine alumina powders used in electronic ceramics, high-voltage electrical appliances, electronic and photovoltaic glass, lithium battery separators, grinding and polishing, high thermal conductivity materials, and refractory materials.