Core Viewpoint - The article emphasizes the importance of the semiconductor industry in China's new industrialization, highlighting the role of the Science and Technology Innovation Board (STAR Market) in supporting the growth and innovation of this sector through capital and policy initiatives [1][2]. Group 1: Industry Support and Development - The China Securities Regulatory Commission (CSRC) aims to enhance support for key industries such as integrated circuits, industrial mother machines, and medical equipment, recognizing the semiconductor industry as a strategic and foundational sector for economic development [1]. - Since its establishment, the STAR Market has become the preferred platform for semiconductor companies to go public, with 116 semiconductor firms listed, accounting for 60% of A-share semiconductor companies [1][2]. - The STAR Market has facilitated significant capital inflow, with 116 semiconductor companies raising a total of 298.9 billion yuan through IPOs, representing over 80% of the total IPO fundraising in the A-share semiconductor sector [2]. Group 2: Capital Utilization and R&D Investment - The average capital utilization rate among the 116 semiconductor companies is 66%, indicating high efficiency in fund usage [2]. - In the first three quarters of 2024, these companies invested a total of 32.9 billion yuan in R&D, with a median R&D intensity of 17%, significantly higher than the overall A-share level of 4% [2]. - Notable advancements include the development of a new generation of CPUs by Loongson Technology and the introduction of domestically produced CMP equipment by Huahai Qingshi, showcasing the impact of increased R&D investment [2]. Group 3: Policy Innovations and Talent Attraction - The STAR Market has implemented flexible stock incentive mechanisms to attract and retain high-end talent, with 77 semiconductor companies launching 150 stock incentive plans, covering approximately 66% of the sector [3]. - The introduction of policies to support mergers and acquisitions has led to a surge in high-quality industry consolidations, with 76 disclosed equity acquisitions since the "Eight Measures" policy, totaling over 19 billion yuan [4]. Group 4: Market Mechanisms and Investment Products - The STAR Market has established a market-friendly environment for venture capital and institutional investors, including the introduction of a market-making system to enhance liquidity and price stability [6]. - The STAR Market has also launched thematic indices and ETFs focused on the semiconductor industry, catering to investor demand and facilitating participation in the sector's growth [6].

鉴于本次发行的认购对象仅限于符合相关条件的境外投资者及依据中国相 关法律法规有权进行境外证券投资的境内合格投资者，公司将不会在境内证券交 易所的网站和符合监管机构规定条件的媒体上刊登该申请资料，但为使境内投资 者及时了解该等申请资料披露的本次发行以及公司的其他相关信息，现提供该申 请资料在香港联交所网站的查询链接供查阅： 中文： 证券代码：688234 证券简称：天岳先进 公告编号：2025-015 山东天岳先进科技股份有限公司 关于向香港联交所递交境外上市外资股（H 股） 发行并上市的申请并刊发申请资料的公告 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"）正在进行申请境外公开 发行股票（H 股）并在香港联合交易所有限公司（以下简称"香港联交所"）主 板上市（以下简称"本次发行"）的相关工作。 根据本次发行的时间安排，公司已于 2025 年 2 月 24 日向香港联交所递交了 本次发行的申请，并于同日在香港联交所网站刊登了本次发行的申请资料。该申 请资料为公司按照香港证券及 ...

Financial Performance - The company achieved total operating revenue of 1,768.14 million RMB, a year-on-year increase of 41.37%[2] - The net profit attributable to the parent company was 180.46 million RMB, an increase of 226.18 million RMB compared to the previous year, marking a turnaround from loss to profit[5] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 157.53 million RMB, an increase of 270.25 million RMB year-on-year, also indicating a turnaround from loss to profit[5] - The basic earnings per share improved to 0.42 RMB, compared to a loss of 0.11 RMB in the previous year[2] - The weighted average return on net assets increased to 3.39%, up by 4.26 percentage points year-on-year[2] Assets and Equity - The company's total assets at the end of the reporting period were 7,318.03 million RMB, reflecting a year-on-year growth of 5.88%[5] - The equity attributable to the parent company was 5,319.75 million RMB, a year-on-year increase of 1.78%[5] Revenue Growth Drivers - The significant revenue growth was primarily driven by the continuous increase in production capacity and sales volume of large-size, conductive products[7] - The company focused on core business, enhancing R&D innovation and optimizing product structure, which contributed to improved gross profit margins[6] Reporting Accuracy - There are no major uncertainties affecting the accuracy of the performance report as of the announcement date[8]

Core Viewpoint - Tianyue Advanced (688234) reported significant growth in revenue and a turnaround in net profit for the year 2024, indicating strong market expansion and operational efficiency improvements [1] Financial Performance - The company achieved total operating revenue of 1.768 billion yuan in 2024, representing a year-on-year increase of 41.37% [1] - Net profit reached 180 million yuan, a substantial recovery from a loss of 45.72 million yuan in the previous year [1] - Basic earnings per share were reported at 0.42 yuan [1] Operational Strategy - The company focused on deepening market and customer resource development, enhancing long-term collaborations with well-known domestic and international clients [1] - Continuous capacity release and product structure optimization contributed to increased production and sales volumes [1] - Ongoing cost reduction and efficiency enhancement efforts led to a significant improvement in sales gross margin compared to the previous year [1]

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证券代码：688234 证券简称：天岳先进 公告编号：2025-013 山东天岳先进科技股份有限公司 2025 年第一次临时股东大会决议公告 本公司董事会及全体董事保证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。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 2 月 19 日 （二） 股东大会召开的地点：山东省济南市槐荫区天岳南路 99 号天岳先进公司 会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 222 | | --- | --- | | 普通股股东人数 | 222 | | 2、出席会议的股东所持有的表决权数量 | 268,704,894 | | 普通股股东所持有表决权数量 | 268,704,894 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | 62.8248 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 62.8248 | （ ...

山东天岳先进科技股份有限公司 募集资金管理制度（草案） （H 股发行上市后适用） 第一章 总 则 第一条 为规范山东天岳先进科技股份有限公司（以下简称"公司"）募集 资金的管理和使用，提高募集资金使用效率，保护投资者权益，根据《中华人民 共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称 "《证券法》"）、《上海证券交易所科创板股票上市规则》《上市公司监管指引第 2 号—上市公司募集资金管理和使用的监管要求》、《香港联合交易所有限公司证券 上市公司规则》(以下称"《香港上市规则》")等法律、法规、规范性文件以及《山 东天岳先进科技股份有限公司章程》（以下简称"《公司章程》"）、《山东天岳 先进科技股份有限公司信息披露管理制度》的有关规定，结合公司的实际情况， 特制定本制度。 第二条 本制度所称募集资金，系指公司通过向不特定对象发行证券（包括 首次公开发行股票、配股、增发、发行可转换公司债券、发行分离交易的可转换 公司债券等）以及向特定对象发行证券募集的资金，但不包括公司实施股权激励 计划募集的资金。 第三条 公司的董事、监事和高级管理人员应当勤勉尽责，督促公司规范使 用募集资金，自觉 ...

独立董事制度（草案） 山东天岳先进科技股份有限公司 （H 股发行上市后适用） 为进一步完善山东天岳先进科技股份有限公司（以下简称"公司"）治理结 构，促进公司规范运作，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》《上市公司治理准则》《上市公司独立董事管理办法》 《上海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律 监管指引第 1 号——规范运作》《香港联合交易所有限公司证券上市规则》（以下 简称"《香港上市规则》"）等法律法规、规范性文件以及《山东天岳先进科技股 份有限公司章程》（以下简称"《公司章程》"），特制订本制度。 第一章 总则 第一条 本制度所指的独立董事，是指不在公司担任除董事外的其他职务， 并与其所受聘的公司及其主要股东、实际控制人不存在直接或者间接利害关系， 或者其他可能影响其进行独立客观判断关系的董事。 第二条 独立董事对公司及全体股东负有忠实与勤勉义务。独立董事应当 按照相关法律、行政法规、中国证券监督管理委员会（以下简称"中国证监会"） 规定、公司股票上市地证券监管规则及《公司章程》的要求，认真履行职责，在 董事会中发挥参与决策、监 ...