Company Overview - Tianzhun Technology Co., Ltd. is located in Suzhou, Jiangsu Province, and was established on August 20, 2009. The company went public on July 22, 2019. Its main business involves the research, development, production, and sales of industrial vision equipment [1][2]. - The company's revenue composition includes: 40.34% from visual process equipment, 37.87% from visual measurement equipment, 10.93% from intelligent driving solutions, and 10.85% from visual inspection equipment [1]. Financial Performance - As of June 30, 2025, Tianzhun Technology achieved operating revenue of 597 million yuan, representing a year-on-year growth of 10.32%. The net profit attributable to shareholders was -14.19 million yuan, showing a year-on-year increase of 45.92% [2]. - Since its A-share listing, the company has distributed a total of 516 million yuan in dividends, with 268 million yuan distributed over the past three years [2]. Stock Market Activity - On September 24, Tianzhun Technology's stock price increased by 2.01%, reaching 58.40 yuan per share, with a trading volume of 116 million yuan and a turnover rate of 1.04%. The total market capitalization is 11.338 billion yuan [1]. - Year-to-date, the stock price has risen by 36.44%, with a recent decline of 2.81% over the last five trading days, a slight increase of 0.50% over the last 20 days, and a significant rise of 32.78% over the last 60 days [1]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 7.37% to 11,000, with an average of 17,586 circulating shares per person, a decrease of 6.87% [2]. - Notable institutional shareholders include Huaxia CSI Robot ETF, which holds 2.1696 million shares, and other funds that have increased their holdings or entered as new shareholders [2].

Group 1 - The A-share market saw a collective decline in PCB concept stocks, with notable drops including Dazhu CNC down 9%, Helitai down over 8%, and Aikou Optoelectronics and Chongda Technology down over 7% [1][2] - Specific stock performances included Dazhu CNC with a market cap of 44.3 billion and a year-to-date increase of 190.60%, while Helitai had a market cap of 24.9 billion and a year-to-date increase of 39.33% [2] - Other companies such as Huaguan Technology, Zhixin Precision, and Honghe Technology experienced declines of over 6%, with market caps ranging from 25.84 billion to 331 billion [2]

Group 1 - The A-share market saw a collective decline in PCB concept stocks, with notable drops in several companies [1] - Dazhu CNC experienced a decline of 9.09%, while Helitai fell by 8.77% [2] - Other companies such as Aikemi, Chongda Technology, and Guanghua Technology also reported significant decreases, with drops exceeding 7% [1][2] Group 2 - The total market capitalization of Dazhu CNC is 44.3 billion, and it has increased by 190.60% year-to-date [2] - Helitai's market capitalization stands at 24.9 billion, with a year-to-date increase of 39.33% [2] - Aikemi's market capitalization is approximately 48.13 billion, showing a year-to-date increase of 103.98% [2]

经济观察网天准科技在投资者互动平台表示，公司半年报披露：2025年上半年人形机器人控制器业务显 著增长，已经获得多个知名客户的订单。其中，与某头部人形机器人客户持续深度合作，已取得其首批 1400万元订单。 ...

Group 1 - The company has not made any plans to enter the lithography machine sector [1]

Core Viewpoint - Tianzhun Technology (688003) reported significant growth in its humanoid robot controller business for the first half of 2025, having secured multiple orders from well-known clients [1] Group 1: Business Performance - The company has achieved its first batch order worth 14 million yuan from a leading humanoid robot client, indicating strong demand and successful partnerships in the industry [1]

格隆汇9月19日丨天准科技(688003.SH)在投资者互动平台表示，公司半年报披露：2025年上半年人形机 器人控制器业务显著增长，已经获得多个知名客户的订单。其中，与某头部人形机器人客户持续深度合 作，已取得其首批1400万元订单。 ...

Core Viewpoint - Tianzhun Technology (688003) has received approval from the Shanghai Stock Exchange Listing Review Committee for its application to issue convertible bonds to unspecified objects, pending final approval from the China Securities Regulatory Commission (CSRC) [1][2]. Company Announcement Summary - The company reported a closing price of 57.59 yuan as of September 12, 2025, reflecting a 3.54% increase from the previous week's price of 55.62 yuan [1]. - The highest intraday price recorded on September 8 was 58.36 yuan, while the lowest was 55.17 yuan [1]. - The current total market capitalization of Tianzhun Technology is 11.239 billion yuan, ranking 26th out of 78 in the automation equipment sector and 1695th out of 5153 in the A-share market [1]. - The application for issuing convertible bonds has been reviewed and deemed compliant with issuance and listing conditions, as well as information disclosure requirements [2]. - The final approval from the CSRC is still uncertain, and the company will disclose updates as necessary [2].

Core Viewpoint - Tianzhun Technology (688003) has received approval from the Shanghai Stock Exchange's listing review committee for its application to issue convertible bonds to unspecified objects, pending final approval from the China Securities Regulatory Commission [1][3]. Trading Information Summary - As of September 11, 2025, Tianzhun Technology's stock closed at 57.8 yuan, an increase of 3.03%, with a turnover rate of 2.29%, a trading volume of 44,600 shares, and a transaction amount of 254 million yuan [1]. - On the same day, the net outflow of main funds was 2.4731 million yuan, accounting for 0.97% of the total transaction amount; the net outflow of retail funds was 9.7718 million yuan, accounting for 3.84% of the total transaction amount; while the net inflow of retail investors was 12.245 million yuan, accounting for 4.81% of the total transaction amount [1][3]. Company Announcement Summary - The board of directors of Suzhou Tianzhun Technology Co., Ltd. confirmed the accuracy and completeness of the announcement regarding the approval of the application to issue convertible bonds by the Shanghai Stock Exchange's listing review committee on September 10, 2025 [1]. - The issuance is subject to the approval of the China Securities Regulatory Commission, and the timing and outcome of this approval remain uncertain [1].

Core Viewpoint - The Shanghai Stock Exchange has approved Suzhou Tianzhun Technology Co., Ltd.'s issuance of convertible bonds, confirming that it meets the necessary issuance and listing conditions as well as information disclosure requirements [1] Group 1: Issuance Details - The total amount of the proposed convertible bonds to be issued is up to RMB 872 million, which will be used for various R&D and industrialization projects [3] - The projects include: - Industrial vision equipment and precision measurement instruments with a total investment of RMB 401.54 million, of which RMB 400 million will be funded by the raised capital - Semiconductor measurement equipment with a total investment of RMB 308.64 million, with RMB 278 million from the raised capital - Intelligent driving and embodied intelligent controllers with a total investment of RMB 201.10 million, with RMB 194 million from the raised capital [4] - The bonds will be issued at a face value of RMB 100 each and will have a term of 6 years from the date of issuance [4] Group 2: Market and Financial Considerations - The company was questioned about the market competition landscape and the rationality of capacity planning and benefit estimation for the fundraising projects, emphasizing the need for objective evidence regarding strong downstream customer demand and sufficient order reserves [2] - There was also an inquiry regarding the significant discrepancy between net cash flow from operating activities and net profit during the reporting period, requiring clarification on the rationale behind this difference [2]