Core Points - The company has announced the cancellation of a portion of restricted stock due to certain conditions not being met [10][11] - A total of 1,100,700 shares of restricted stock will be voided, which includes shares from employees who have left the company and those that did not meet performance criteria [10][11] - The cancellation of these shares is within the authorization scope of the company's 2023 annual shareholders' meeting and does not require further approval [11] Summary by Sections 1. Decision Process and Disclosure - The company held meetings to review and approve the restricted stock incentive plan and related proposals [1][3] - The supervisory board verified the relevant matters of the incentive plan and issued consent opinions [4][7] 2. Specifics of the Canceled Restricted Stock - 390,000 shares were canceled due to 7 employees leaving the company [10] - 553,500 shares were voided as the company-level performance assessment met only 50% of the criteria [10] - 157,200 shares were canceled due to individual performance assessments not meeting the required standards [10] 3. Impact of Canceled Shares - The cancellation will not significantly impact the company's operations or the stability of its core team [11] - The ongoing implementation of the incentive plan remains unaffected [11] 4. Supervisory Board Opinion - The supervisory board believes the cancellation of the restricted stock complies with relevant laws and regulations [11] 5. Legal Opinion Conclusion - The legal opinion confirms that the necessary approvals and authorizations for the cancellation have been obtained, and the actions taken are in accordance with applicable regulations [11]

Core Viewpoint - The announcement details the first vesting period of the 2024 Restricted Stock Incentive Plan for Shandong Tianyue Advanced Technology Co., Ltd, confirming that the conditions for vesting have been met for a total of 66 participants, allowing for the vesting of 396,300 shares [1][18][20]. Group 1: Incentive Plan Overview - The total share capital of the company is 429.71 million shares, with the initial grant of 4.08 million shares representing approximately 0.95% of the total share capital [1]. - The plan includes a reserve of 1 million shares, which accounts for about 0.23% of the total share capital [1]. - The first vesting period is defined as the period from the first grant date until the last trading day within 24 months [14]. Group 2: Vesting Conditions - The first vesting period requires a minimum of 12 months of service for the incentive recipients before any shares can vest [2]. - The performance assessment for the first vesting period is based on the company's revenue and net profit for the years 2024 to 2026, with specific growth targets set for each year [3][14]. - The performance targets for the first vesting period include a revenue increase of no less than 100% compared to 2023 and a net profit that is positive [3][14]. Group 3: Performance Assessment - The performance assessment will determine the company-level vesting ratio based on the achievement of revenue and net profit targets [3][7]. - The vesting ratio is calculated as Z = X + Y, where X and Y are derived from the performance metrics [7][16]. - If the calculated vesting ratio exceeds 100%, it will be capped at 100% [7][16]. Group 4: Specifics of the Grant - The initial grant date for the restricted stock is set for July 3, 2024, with a grant price of 32 yuan per share [18]. - A total of 396,300 shares are eligible for vesting, representing 10.74% of the total granted shares [18][19]. - The company will handle the vesting and related share registration procedures according to regulatory requirements [20].

Core Viewpoint - The report highlights the financial performance and operational status of Shandong Tianyue Advanced Technology Co., Ltd. for the first half of 2025, indicating a significant decline in revenue and profit due to market conditions and increased R&D investments in silicon carbide substrates [1][3]. Company Overview and Financial Indicators - The company reported a revenue of approximately 793.81 million yuan, a decrease of 12.98% compared to the same period last year [3]. - The total profit for the period was approximately 7.60 million yuan, reflecting a substantial decline of 92.62% year-on-year [3]. - The net profit attributable to shareholders was approximately 10.88 million yuan, down 89.32% from the previous year [3]. - The company’s net assets increased slightly by 0.32% to approximately 5.33 billion yuan [3]. Industry and Main Business Situation - The company operates in the semiconductor materials industry, specifically focusing on silicon carbide (SiC) substrates, which are critical for power electronics and high-performance applications [4][10]. - Silicon carbide is recognized for its superior physical and chemical properties, making it essential for various industries, including electric vehicles and renewable energy [4][10]. - The company is a leading player in the global wide bandgap semiconductor materials sector, with a market share of 22.8% in the silicon carbide substrate market, ranking among the top three globally [11][12]. Operational Performance and Strategy - The company has made significant advancements in the production of 8-inch silicon carbide substrates and is set to launch the first 12-inch substrates in 2024, enhancing its competitive edge [12][19]. - The company has established production bases in Jinan and Shanghai, with a designed capacity exceeding 400,000 pieces annually [5][10]. - The company has formed partnerships with major global semiconductor manufacturers, enhancing its market presence and customer base [10][11]. Research and Development - The company invested approximately 75.85 million yuan in R&D during the first half of 2025, an increase of 34.94% year-on-year, focusing on large-size substrate technology and emerging applications [12][13]. - The company holds 197 authorized patents, positioning itself among the top five globally in the silicon carbide substrate patent field [13][14]. Future Outlook - The company aims to leverage the growing demand for silicon carbide materials driven by the renewable energy and AI sectors, enhancing its market share and competitive position [10][18]. - The company is committed to continuous innovation and cost reduction strategies to maintain its leadership in the silicon carbide industry [16][18].

Core Viewpoint - Shandong Tianyue Advanced Technology Co., Ltd. reported a significant decline in revenue and net profit for the first half of 2025, indicating potential challenges in its operational performance [1]. Financial Performance - Total assets increased to ¥7,705,798,871.13, up 4.75% from the previous year [1]. - Net assets attributable to shareholders rose slightly to ¥5,329,795,080.02, a 0.32% increase [1]. - Revenue for the period was ¥793,805,202.95, down 12.98% compared to ¥912,232,128.09 in the same period last year [1]. - Total profit decreased dramatically by 92.62% to ¥7,599,604.10 from ¥102,938,775.64 [1]. - Net profit attributable to shareholders fell by 89.32% to ¥10,880,178.50 from ¥101,888,317.98 [1]. - The net profit after deducting non-recurring gains and losses was a loss of ¥10,944,685.02, compared to a profit of ¥96,226,078.91 in the previous year, marking a decline of 111.37% [1]. - Operating cash flow showed a significant decrease, with a net cash flow from operating activities of ¥289,469,518.90, down from a loss of ¥82,040,928.77 [1]. - The weighted average return on net assets decreased to 0.21%, down 1.74 percentage points from 1.95% [1]. Shareholder Information - As of the end of the reporting period, the total number of shareholders was 17,007 [2]. - The largest shareholder, Zong Yanmin, holds 30.09% of the shares, amounting to 129,302,726 shares [2]. - Other significant shareholders include various private equity funds and investment management companies, with holdings ranging from 3.00% to 9.00% [2][3].

Group 1 - The company held its 15th meeting of the second board of directors on August 29, 2025, with all 9 directors present, ensuring compliance with legal regulations [1] - The board approved the 2025 semi-annual report and its summary, with a unanimous vote of 9 in favor [1][2] - The board also approved the special report on the storage and actual use of raised funds for the first half of 2025, again with a unanimous vote [2] - A semi-annual evaluation report on the quality improvement and efficiency enhancement action plan for 2025 was approved, with all votes in favor [2] - The board decided to annul a portion of restricted stock due to performance criteria not being met, totaling 1,100,700 shares [3][4] - The board approved the first vesting period of the 2024 restricted stock incentive plan, allowing 396,300 shares to vest for 66 eligible participants [5]

证券代码：688234 证券简称：天岳先进 公告编号：2025-058 山东天岳先进科技股份有限公司 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 山东天岳先进科技股份有限公司（以下简称"公司"）第二届监事会第十二 次会议于 2025 年 8 月 29 日在公司会议室以现场结合通讯方式召开。会议由监事 会主席张红岩女士主持，应出席会议的监事 3 名，实际出席会议的监事 3 名。会 议参与表决人数及召集、召开程序符合《中华人民共和国公司法》和《公司章程》 的有关规定，所作决议合法有效。 二、监事会会议审议情况 本次监事会会议审议并通过了以下议案： （一）审议通过《关于公司 2025 年半年度报告及其摘要的议案》 监事会认为，公司 2025 年半年度报告的编制和审议程序符合法律、行政法 规和境内外证券监管机构的规定；报告内容和格式能够真实、准确、完整地反映 公司的实际情况。 详见公司于同日在上海证券交易所网站披露的《2025 年半年度报告》及《2025 年半年度报告摘要》以及在香港联合交易所有限公司网 ...

山东天岳先进科技股份有限公司 2025 年度提质增效重回报行动方案的半年度评估报告 山东天岳先进科技股份有限公司（以下简称"公司"）积极响应上海证券交 易所《关于开展沪市公司"提质增效重回报"专项行动的倡议》，践行"以投资 者为本"的上市公司发展理念，进一步推动公司高质量发展和投资价值提升，维 护公司全体股东的利益，2025 年 3 月 28 日披露了《山东天岳先进科技股份有限 公司 2025 年度提质增效重回报行动方案》。根据公司 2025 年上半年度在经营管 理、公司治理、信息披露、投资者回报等方面的实践情况，公司编制了《山东天 岳先进科技股份有限公司 2025 年度提质增效重回报行动方案的半年度评估报 告》，现汇报如下： 一、专注聚焦主业，持续提升经营质量 报告期内，公司持续以碳化硅半导体材料为核心业务，主动适应不断变化的 经营环境，持续加大技术和产品研发的投入。公司以碳化硅衬底材料为核心，向 大尺寸、高品质、全品类进行技术布局，拓展行业应用领域，优化业务布局，以 期为客户提供更多样化的碳化硅半导体材料解决方案。公司高度重视自主知识产 权保护，秉承长期主义理念，坚持技术创新，致力于为企业、行业及社会创造 ...

证券代码：688234 证券简称：天岳先进 公告编号：2025-059 山东天岳先进科技股份有限公司 2025 年半年度募集资金存放与实际使用情况专项报告 （一）实际募集资金金额和资金到账时间 经中国证券监督管理委员会出具的《关于同意山东天岳先进科技股份有限公 司首次公开发行股票注册的批复》（证监许可[2021]3935 号）核准，公司向社会 公开发行人民币普通股（A 股）42,971,105 股，每股面值人民币 1.00 元，每股发 行价为人民币 82.79 元，募集资金总额为人民币 3,557,577,782.95 元，扣除各项 发行费用后，实际募集资金净额为人民币 3,203,471,343.98 元。 公司上述发行募集的资金已于 2022 年 1 月 7 日全部到位，并经立信会计师 事务所（特殊普通合伙）审验，出具了信会师报字[2022]第 ZA10021 号《验资报 告》。 公司已对募集资金进行了专户存储，并与保荐机构、存放募集资金的银行签 署了募集资金监管协议。 （二）以前年度已使用金额、本报告期使用金额及本报告期末余额 截至 2025 年 6 月 30 日，公司累计使用募集资金 315,355. ...

山东天岳先进科技股份有限公司 第二届监事会第十二次会议决议公告 证券代码：688234 证券简称：天岳先进 公告编号：2025-058 本公司监事会及全体监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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 山东天岳先进科技股份有限公司（以下简称"公司"）第二届监事会第十二 次会议于 2025 年 8 月 29 日在公司会议室以现场结合通讯方式召开。会议由监事 会主席张红岩女士主持，应出席会议的监事 3 名，实际出席会议的监事 3 名。会 议参与表决人数及召集、召开程序符合《中华人民共和国公司法》和《公司章程》 的有关规定，所作决议合法有效。 二、监事会会议审议情况 本次监事会会议审议并通过了以下议案： （一）审议通过《关于公司 2025 年半年度报告及其摘要的议案》 监事会认为，公司 2025 年半年度报告的编制和审议程序符合法律、行政法 规和境内外证券监管机构的规定；报告内容和格式能够真实、准确、完整地反映 公司的实际情况。 详见公司于同日在上海证券交易所网站披露的《2025 年半年度报告》及《2025 年半年度报告摘 ...

证券代码：688234 证券简称：天岳先进 公告编号：2025-062 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、准确性和完整性依法承担法律责任。 山东天岳先进科技股份有限公司（以下简称"公司"）第二届董事会第十五 次会议于 2025 年 8 月 29 日在公司会议室以现场结合通讯方式召开。会议由董事 长宗艳民先生主持，应出席会议的董事 9 名，实际出席会议的董事 9 名。会议参 与表决人数及召集、召开程序符合《中华人民共和国公司法》和《公司章程》的 有关规定，所作决议合法有效。 一、董事会会议审议情况 山东天岳先进科技股份有限公司 第二届董事会第十五次会议决议公告 本次董事会会议审议并通过了以下议案： （一）审议通过《关于公司 2025 年半年度报告及其摘要的议案》 同意公司 2025 年半年度报告及其摘要，其中 A 股半年度报告包括半年度报 告全文及摘要，H 股中期报告包括中期业绩公告和印刷部中期报告。 表决结果：9 票同意，0 票反对，0 票弃权。 本议案已经审计委员会审议通过。 详见公司于同日在上海证券交易所网站披露的《2025 年半年度报告 ...