Major Events - *ST Huaron plans to acquire 34% stake in Zhejiang Zhuangchen for 19.728 million yuan, increasing its ownership from 51% to 85%, which will optimize the asset structure and promote business development [3][4] - Huazhi Media's film "Dumpling Queen" has grossed approximately 218 million yuan in ticket sales within six days of release, exceeding 50% of the company's audited revenue for the last fiscal year [5][6] - Shanghai International Group intends to transfer 339 million shares of Shanghai International Port Group to Jiushi Group without compensation, which will not change the major shareholder or actual controller [6] - Weili Medical's subsidiary received EU MDR certification for portable infusion pumps and disposable storage boxes, enhancing market access in Europe [7] - Guoxin Technology successfully tested a new quantum-resistant chip, AHC001, based on domestic 28nm process technology [8] Performance Overview - Tianbang Foods reported April sales of 470,900 pigs, generating revenue of 691 million yuan, with a sales price of 16.29 yuan/kg, showing a month-on-month decline [9] - Weisheng Information won a procurement project from State Grid Hebei Electric Power Company worth 15.4587 million yuan, representing 0.56% of the company's audited revenue for 2024 [10] - Hanma Technology's truck sales in April reached 1,127 units, marking a year-on-year increase of 56.96% [11] - Western Pastoral's fresh milk production in April increased by 0.47% year-on-year, totaling 3,024.95 tons [12] - Xiangyuan Cultural Tourism reported a 50.47% year-on-year increase in revenue during the May Day holiday, with 623,600 visitors [13] Major Contracts - Zhongli Co. signed a strategic cooperation framework agreement with Jungheinrich AG to promote electrification in the global material handling industry [14] - Far East Holdings received contracts worth 2.646 billion yuan in April for projects exceeding 10 million yuan [15] - Haoen Automotive received a designated letter from a leading new energy vehicle brand for radar and camera systems, with an estimated total revenue of 619 million yuan over 3-6 years [16] - Aopu Optoelectronics signed a contract for an optical system development worth 297 million yuan, accounting for 39.84% of the company's audited revenue for 2024 [17] - Zhonghua Rock and Soil's subsidiary won a bid for a 181 million yuan engineering project [18] Shareholding Changes - Linglong Tire's controlling shareholder plans to increase its stake in the company by 200 million to 300 million yuan within six months [19] Stock Buyback - Tiantong Co. secured a loan commitment of up to 45 million yuan for stock buyback purposes [20]

Group 1 - *ST Huaron plans to acquire 34% stake in Zhejiang Zhuangchen, increasing its ownership from 51% to 85%, optimizing asset structure and promoting business development [3] - Huazhi Media's film "Dumpling Queen" has grossed approximately 218 million yuan in its first six days, exceeding 50% of the company's audited revenue for the last fiscal year [4] - Shanghai International Group intends to transfer 339 million shares of Shanghai International Port Group to Jiushi Group without compensation, which will not change the major shareholder or actual controller [5] Group 2 - Weili Medical's subsidiary received EU MDR certification for portable infusion pumps and disposable storage boxes, enhancing market access in Europe [6] - Guoxin Technology successfully tested a new quantum-resistant chip, AHC001, based on domestic 28nm process technology [7] - Tianbang Foods reported April sales of 470,900 pigs, generating revenue of 691 million yuan, with a sales price of 16.29 yuan/kg [9] Group 3 - Weisheng Information won a procurement project from State Grid Hebei Electric Power Company worth 15.4587 million yuan, representing 0.56% of the company's audited revenue for 2024 [10] - Hanma Technology produced 1,120 trucks in April, with sales of 1,127 trucks, marking a year-on-year increase of 56.96% [11] - Western Pastoral's fresh milk production in April increased by 0.47% year-on-year, totaling 3,024.95 tons [12] Group 4 - Xiangyuan Cultural Tourism reported a 50.47% increase in revenue during the May Day holiday, with 623,600 visitors [13] - Zhongli Co. signed a strategic cooperation framework agreement with Jungheinrich AG to promote the electrification of the global material handling industry [15] - Far East Holdings received contracts worth 2.646 billion yuan in April for projects exceeding 10 million yuan [16] Group 5 - Haon Automotive received a project confirmation from a leading new energy vehicle brand, with an estimated total revenue of 619 million yuan over 3-6 years [17] - Aopu Optoelectronics signed a contract for the development of an optical system worth 297 million yuan, accounting for 39.84% of the company's audited revenue for 2024 [18] - Zhonghua Rock and Soil's subsidiary won a bid for a project worth 181 million yuan, representing 11.84% of the company's revenue for 2024 [19] Group 6 - Linglong Tire's controlling shareholder plans to increase its stake in the company by 200 million to 300 million yuan within six months [21] - Tiantong Co. obtained a loan commitment of up to 45 million yuan for stock repurchase purposes [24]

证券代码：600330 证券简称：天通股份 公告编号：2025-024 本次收到贷款承诺函可为公司本次回购股份提供融资支持，具体贷款事宜以 双方签订的贷款合同为准。本次收到股票回购专项贷款承诺函不代表公司对本次 回购金额的承诺，具体回购金额以本次回购完成时实际回购的金额为准。 1、承诺贷款额度：最高不超过人民币4,500万元。 2、贷款期限：36个月。 3、贷款用途：回购公司股票专项贷款。 4、贷款承诺函自中信银行签发之日起生效，有效期为1年。 公司将严格遵守回购贷款资金"专款专用"原则，并按照《上市公司股份回 购规则》《上海证券交易所上市公司自律监管指引第7号——回购股份》等相关 规定，在回购期限内根据市场情况择机做出回购决策并予以实施，同时根据回购 股份事项进展情况及时履行信息披露义务。请广大投资者注意投资风险。 一、回购股份的基本情况 天通控股股份有限公司（以下简称"公司"）于2025年4月28日召开的九届十 三次董事会审议通过了《关于以集中竞价交易方式回购公司股份方案的议案》， 同意公司通过上海证券交易所交易系统以集中竞价交易方式回购公司已发行的 部分A股股份，回购资金来源为公司自有资金及自筹资金。本 ...

证券代码：600330 证券简称：天通股份 公告编号：2025-025 特此公告。 天通控股股份有限公司董事会 2025年5月7日 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7号——回购股份》等相关规定，现将公司董事会公告回购股份决议的前一个交 易日（即2025年4月28日）登记在册的前十大股东和前十大无限售条件股东的持 股情况公告如下： | 序号 | 股东名称 | 持股数量 | 占公司总股 | | --- | --- | --- | --- | | | | （股） | 本比例（%） | | 1 | 天通高新集团有限公司 | 129,561,810 | 10.50 | | 2 | 潘建清 | 57,306,180 | 4.65 | | 3 | 广东恒健国际投资有限公司 | 20,152,020 | 1.63 | | 4 | 潘建忠 | 19,920,000 | 1.62 | | 5 | 潘娟美 | 19,056,000 | 1.54 | | 6 | 天通控股股份有限公司回购专用证券账 户 | 16,513,620 | 1.34 | | 7 | 招商银行股份有限公司－南方中证1000 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 8.25 RMB [6][7]. Core Views - The company's Q1 2025 revenue was 714 million RMB, a year-over-year decrease of 15.39% but a quarter-over-quarter increase of 39.99%. The net profit attributable to the parent company was 47.96 million RMB, up 8.18% year-over-year and up 235.15% quarter-over-quarter. However, the non-recurring net profit dropped significantly by 95.38% year-over-year [1][3]. - The decline in non-recurring net profit is primarily attributed to order delays in the photovoltaic sector, which negatively impacted the specialized equipment manufacturing and installation segment. The company is actively expanding its materials business to support performance amid a challenging market environment [3][4]. - The company received government subsidies of 48.81 million RMB in Q1 2025, which significantly contributed to its profits for the quarter [2]. Financial Summary - The comprehensive gross margin for Q1 2025 was 18.8%, a decrease of 1.3 percentage points year-over-year, while the net margin was 6.74%, an increase of 1.46 percentage points year-over-year. The total expense ratio for the quarter was 21.17%, up 4.26 percentage points year-over-year [2]. - The company forecasts earnings per share (EPS) for 2025, 2026, and 2027 to be 0.22 RMB, 0.26 RMB, and 0.27 RMB respectively. The expected price-to-earnings (PE) ratio for 2025 is 37.5 times, leading to a target price of 8.25 RMB [4][5].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 8.25 RMB [6][7]. Core Views - The company's Q1 2025 revenue was 714 million RMB, a year-over-year decrease of 15.39% but a quarter-over-quarter increase of 39.99%. The net profit attributable to the parent company was 47.96 million RMB, up 8.18% year-over-year and up 235.15% quarter-over-quarter. However, the non-recurring net profit dropped significantly by 95.38% year-over-year [1][3]. - The decline in non-recurring net profit is primarily attributed to order delays in the photovoltaic sector, which negatively impacted the specialized equipment manufacturing and installation segment. The company is facing downward pressure in the equipment sector due to market conditions but is actively expanding its materials business to support performance [3][4]. - The company received government subsidies of 48.81 million RMB in Q1 2025, which significantly contributed to its profits for the quarter [2]. Summary by Sections Financial Performance - In Q1 2025, the company reported a comprehensive gross margin of 18.8% and a net margin of 6.74%, with year-over-year changes of -1.3 percentage points and +1.46 percentage points respectively. The total expense ratio was 21.17%, reflecting a year-over-year increase of 4.26 percentage points [2]. - The company’s EPS for 2025 is projected to be 0.22 RMB, with expected EPS for 2026 and 2027 at 0.26 RMB and 0.27 RMB respectively [4][5]. Market Position and Outlook - The company is positioned as a leader in both equipment and materials sectors, with ongoing partnerships with major players in the new energy vehicle and data center industries, which are expected to drive growth in its materials business [3][4]. - The report anticipates that the company will maintain its earnings forecast, with a target price based on a price-to-earnings ratio of 37.5x for 2025, aligning with industry averages [4][11].

Group 1 - The Ministry of Foreign Affairs stated that there have been no recent negotiations or discussions between China and the US regarding tariffs [2] - The Ministry of Foreign Affairs welcomed more foreign visitors to China, highlighting a 173% year-on-year increase in inbound travel orders for the upcoming holiday [2] - The Ministry of Industry and Information Technology (MIIT) released key points for automotive standardization work for 2025, focusing on accelerating the development of automotive chip standards [3][4] Group 2 - The Shanghai State-owned Assets Supervision and Administration Commission held a meeting to discuss the collaborative development between state-owned and private enterprises [5] - Chengdu introduced 20 policies to enhance its electricity supply capacity, aiming to build a modern first-class power grid [6] - The National Medical Products Administration emphasized the importance of smart regulation in the pharmaceutical sector during a recent conference [7] Group 3 - The China Securities Regulatory Commission is seeking opinions on guidelines for managing the investment behavior of securities practitioners [8] - The Ministry of Industry and Information Technology initiated a recommendation process for energy-saving and carbon-reduction technologies in key industries for 2025 [9] - The National Data Bureau called for the acceleration of public data development and utilization policies to enhance economic and social development [11] Group 4 - The Henan Provincial Government issued a development plan for the electric vehicle industry cluster, aiming to enhance the local economy [12] - Companies such as Zhaosheng Microelectronics and Huayang Group reported significant growth in their respective product lines and production capabilities [14] - Securities firms are focusing on industries less affected by external demand and those benefiting from macroeconomic policies, such as essential consumption and urban renewal projects [15][16]

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0390 | 0.0360 | 8.33 | 0.0700 | | 每股净资产（元） | 6.51 | 6.56 | -0.76 | 6.46 | | 每股公积金(元) | 3.72 | 3.71 | 0.27 | 3.71 | | 每股未分配利润(元) | 1.74 | 1.77 | -1.69 | 1.59 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 7.14 | 8.44 | -15.4 | 9.07 | | 净利润(亿元) | 0.48 | 0.44 | 9.09 | 0.87 | | 净资产收益率(%) | 0.60 | 0.55 | 9.09 | 1.10 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 28410.31万股，累计占流通股比： 23.04%，较上期变 ...

经各位董事认真审议，会议形成了如下决议： 证券代码：600330 证券简称：天通股份 公告编号：2025-022 天通控股股份有限公司 九届十三次董事会决议公告 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。 一、董事会会议召开情况 天通控股股份有限公司九届十三次董事会会议通知于 2025 年 4 月 18 日以电 子邮件方式发出。会议于 2025 年 4 月 28 日以传真、通讯方式举行，会议应到董 事 7 名，实到董事 7 名，符合《公司法》《公司章程》的有关规定。 二、董事会会议审议情况 1、审议《2025 年第一季度报告》 本议案已经董事会审计委员会事前认可。2025 年第一季度报告详见上海证 券交易所网站：www.sse.com.cn。 表决结果：7 票同意、0 票反对、0 票弃权。 2、审议《关于以集中竞价交易方式回购公司股份方案的议案》 具体内容详见公司 2025-023 号"关于以集中竞价交易方式回购公司股份方 案的公告"。 表决结果：7 票同意、0 票反对、0 票弃权。 2025 年 4 月 29 日 特此公 ...

证券代码：600330 证券简称：天通股份 公告编号：2025-023 ●天通控股股份有限公司（以下简称"公司"）拟回购部分公司已发行的A 股股份，主要内容如下： 1、回购股份的用途：用于员工持股计划。公司如在股份回购完成之后36个 月内未能实施上述用途，或所回购的股份未全部用于上述用途，未使用部分将 履行相关程序予以注销。 2、回购资金总额：不低于人民币2,500万元（含）且不超过人民币5,000万 元（含）。 3、回购价格：不超过人民币10元/股（含）；该回购价格上限不高于董事 会通过回购决议前30个交易日公司股票交易均价的150%，具体回购价格由公司 董事会授权公司经营层在回购实施期间，结合二级市场股票价格确定。 4、回购资金来源：自有资金及自筹资金。 5、回购期限：自公司董事会审议通过本次股份回购方案之日起不超过12 个月，即2025年4月28日至2026年4月27日。 ●相关股东是否存在减持计划：经问询，截至本次董事会决议日，公司董 监高、控股股东、实际控制人在未来3个月、未来6个月均不存在减持公司股份的 计划。 ●相关风险提示： 1、公司股票价格持续超出回购方案披露的价格上限，导致回购方案无法实 ...