Core Viewpoint - Tianwei Electronics announced a recent equity change involving shareholder Xie Kai, who reduced his stake in the company, resulting in a minor change in ownership structure without significant impact on the company's operations [1] Summary by Relevant Sections - **Equity Change Details** - Xie Kai reduced his holdings by 200 shares through centralized bidding, which represents 0.00019% of the total share capital [1] - Following this transaction, his ownership percentage decreased from 5.00000% to 4.99981%, thus no longer qualifying as a major shareholder [1] - **Impact on Company** - The equity change does not trigger a mandatory tender offer and will not lead to any changes in the controlling shareholder or actual controller [1] - The company’s operations are not expected to be significantly affected by this change in shareholding [1]

Core Viewpoint - The company, Sichuan Tianwei Electronics Co., Ltd., is facing significant financial and operational challenges, particularly related to its military product pricing and potential delisting risks due to financial performance issues [6][7]. Financial Data - The financial report for the third quarter indicates that the financial data has not been audited, and the company has provided key financial metrics in RMB [3][9]. - The company has recognized a total revenue of 53,562,000.00 RMB from sales to a specific client since 2020, with accounts receivable amounting to 13,571,616.00 RMB as of December 31, 2024 [5]. Shareholder Information - The report does not provide any updates on the number of shareholders or changes in major shareholders' holdings [4]. Operational Risks - The company is at risk of delisting due to not meeting the financial performance criteria set by the Shanghai Stock Exchange, specifically if the net profit or total profit is negative and revenue is below 100 million RMB [6]. - There is a risk associated with the pricing of military products, as the company has not completed the pricing review for its main products, which could lead to significant revenue adjustments if the final prices differ from the provisional prices [7][8]. Other Important Information - The company has entered into negotiations regarding the pricing of certain military products, which may lead to a revenue adjustment of 424.46 million RMB, impacting the financial results for the third quarter of 2025 [5]. - The company has received bank acceptance bills totaling 443.28 million RMB, which will be accounted for in the financial statements, affecting the credit impairment losses [5].

Group 1 - The core point of the article is that *ST Tianwei (SH 688511) held its 17th meeting of the second board on October 30, 2025, to discuss the proposal for applying for a comprehensive bank credit line [1] - For the year 2024, *ST Tianwei's revenue composition is as follows: 95.01% from other manufacturing, 3.79% from other businesses, and 1.2% from technical services [1] - As of the time of reporting, *ST Tianwei has a market capitalization of 2.6 billion yuan [1]

证券代码：688511 证券简称：*ST天微 公告编号：2025-045 四川天微电子股份有限公司 关于使用部分闲置自有资金进行现金管理的公告 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。 四川天微电子股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日召开 第二届董事会第十七次会议，审议通过了《关于使用部分闲置自有资金进行现金 管理的议案》，同意公司（含合并报表范围内子公司）在保证日常经营资金需求 和资金安全的前提下，使用最高不超过人民币 25,000 万元（含本数）的闲置自有 资金进行现金管理。现就该事项的具体情况公告如下： 一、拟使用自有资金进行现金管理的概况 （一）现金管理目的 为提高公司资金使用效率，合理利用自有资金，获取较好的投资回报，在保 证日常经营资金需求和资金安全的前提下，公司拟使用部分闲置自有资金进行现 金管理。 （二）现金管理投资的产品品种 为控制风险，投资品种为银行、证券公司等金融机构发行的安全性高、流通 性好、中低风险、稳健型金融机构产品。 （三）资金来源 本次公司拟进行现金管理 ...

证券代码：688511 证券简称：*ST天微 公告编号：2025-046 本事项在董事会审批权限范围内，无需提交股东会审议。 公司本次向银行申请综合授信额度事项不涉及对外担保或关联交易。 特此公告。 四川天微电子股份有限公司 四川天微电子股份有限公司 关于申请银行综合授信额度的公告 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。 为满足公司业务发展需要，结合公司实际情况，四川天微电子股份有限公司 （以下简称"公司"）2025 年 10 月 30 日召开第二届董事会第十七次会议，审议 通过了《关于申请银行综合授信额度的议案》，现将相关事项公告如下： 公司拟向银行申请不超过人民币 5,000.00 万元的综合授信额度，综合授信品 种包括但不限于：流动资金贷款、开具商业承兑汇票、银行承兑汇票、票据质押、 保险理财、融资租赁等。授信起始时间、授信期限及额度最终以银行实际审批为 准。授信期限自本次董事会审议通过之日起 12 个月内，在授权范围和有效期内， 上述授信额度可循环滚动使用。本次授信额度不等于公司实际融资金额，具体融 资时间 ...

证券代码：688511 证券简称：*ST天微 公告编号：2025-044 四川天微电子股份有限公司 关于使用闲置募集资金进行现金管理的公告 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。 四川天微电子股份有限公司（以下简称"公司"）于 2025 年 10 月 30 日召开第 二届董事会第十七次会议，审议通过了《关于使用闲置募集资金进行现金管理的 议案》，同意公司（含合并报表范围内子公司）使用不超过人民币 35,000 万元（含 本数）闲置募集资金进行现金管理。现就该事项的具体情况公告如下： 经中国证券监督管理委员会《关于同意四川天微电子股份有限公司首次公开发 行股票注册的批复》（证监许可〔2021〕1969 号）同意，公司向社会公众公开发 行人民币普通股（A 股）股票 2,000.00 万股，每股面值 1 元，发行价格为每股人 民币 28.09 元，募集资金总额为人民币 56,180.00 万元，扣除各项发行费用（不含 税）人民币 5,325.60 万元后，募集资金净额为 50,854.40 万元。 1 截至 2021 年 ...

证券代码：688511 证券简称：*ST 天微 公告编号：2025-043 四川天微电子股份有限公司 管理，用于购买安全性高、流动性好、有保本约定的投资产品（包括但不限于保 本型理财产品、结构性存款、协定存款、通知存款、定期存款、大额存单、收益 凭证等），在不超过人民币 35,000 万元的额度内，资金可以循环滚动使用，单 项产品期限最长不超过 12 个月。公司拟在上述额度范围内授权法定代表人签署 相关合同文件，具体事项由公司财务总监负责组织实施。本次现金管理事宜自董 事会审议通过之日起十二个月有效。 第二届董事会第十七次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 四川天微电子股份有限公司（以下简称"公司"）第二届董事会第十七次会 议于 2025 年 10 月 30 日在公司会议室召开。本次董事会会议通知及会议材料已 于 2025 年 10 月 24 日以电子邮件形式向公司全体董事发出。会议采用现场与通 讯相结合的方式召开，由董事长巨万里先生主持。本次会议应出席董事 8 人，实 际 ...

截至2021年7月26日，公司本次募集资金净额50,854.40万元已全部到位，并 由四川华信（集团）会计师事务所（特殊普通合伙）对公司募集资金的到位情 况进行了审验，并出具了"川华信验（2021）第0060号"《验资报告》。公司依 照规定对上述募集资金进行专户存储管理，并与保荐机构、募集资金专户监管 银行签订了《募集资金专户存储三方监管协议》。 二、募集资金使用情况 国金证券股份有限公司 关于四川天微电子股份有限公司 使用闲置募集资金进行现金管理的核查意见 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为四 川天微电子股份有限公司（以下简称"天微电子"或"公司"）首次公开发行 股票并在科创板上市及持续督导的保荐机构，根据《证券发行上市保荐业务管 理办法》《上海证券交易所科创板股票上市规则》《上市公司募集资金监管规 则》等相关规定，对天微电子使用闲置募集资金进行现金管理的事项进行了核 查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意四川天微电子股份有限公司首次公 开发行股票注册的批复》（证监许可〔2021〕1969号）同意，公司向社会公众 公开发行人民币普通股（A股） ...

Financial Performance - The company's operating revenue for the third quarter was ¥44,098,843.86, an increase of 50.19% compared to the same period last year[2] - The total profit for the quarter reached ¥9,943,187.20, reflecting a significant increase of 102.98% year-over-year[2] - The net profit attributable to shareholders was ¥10,198,392.93, up 107.38% from the previous year[2] - The basic earnings per share for the quarter was ¥0.0994, representing a 107.00% increase compared to the same period last year[3] - The company reported a net profit margin improvement, with net profit attributable to shareholders increasing by 550.37% year-to-date[2] - Total operating revenue for the first three quarters of 2025 reached CNY 128,107,707.59, a significant increase from CNY 74,196,325.50 in the same period of 2024, representing a growth of approximately 72.8%[23] - The adjusted net profit for the first three quarters of 2025 was CNY 24,005.55, reflecting a year-over-year increase of 295.01%[17] - Net profit for the first three quarters of 2025 reached CNY 39,097,137.61, a significant increase from CNY 6,306,470.69 in the same period of 2024, representing a growth of approximately 520%[24] - Operating profit for the first three quarters of 2025 was CNY 43,282,319.28, compared to CNY 5,126,775.38 in 2024, indicating a substantial increase[24] - Total comprehensive income for the first three quarters of 2025 was CNY 39,097,137.61, compared to CNY 6,306,470.69 in 2024, indicating a strong performance[25] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was -¥21,850,174.14, indicating a decline of 379.83% compared to the previous year[2] - Cash and cash equivalents as of September 30, 2025, amounted to CNY 303,204,075.92, up from CNY 130,263,849.91 at the end of 2024, showing a growth of approximately 132.7%[19] - The company's total assets as of September 30, 2025, were CNY 968,113,453.47, compared to CNY 931,889,981.58 at the end of 2024, marking an increase of about 3.9%[20] - The total liabilities as of September 30, 2025, were CNY 108,986,625.55, down from CNY 122,922,694.15 at the end of 2024, indicating a decrease of approximately 11.3%[21] - The company's inventory as of September 30, 2025, was CNY 75,097,996.26, a decrease from CNY 87,739,638.65 at the end of 2024, representing a decline of about 14.5%[19] - The company reported a significant increase in accounts receivable, which rose to CNY 165,915,259.24 from CNY 125,188,482.78 in 2024, reflecting a growth of approximately 32.6%[19] Shareholder Information - The total number of ordinary shares at the end of the reporting period is 4,157[10] - The largest shareholder, Ju Wanli, holds 44,309,871 shares, representing 43.09% of the total shares[10] - The second-largest shareholder, Zhang Chao, holds 6,478,751 shares, accounting for 6.30%[10] Research and Development - Research and development expenses totaled ¥5,920,903.11, accounting for 13.43% of operating revenue, a decrease of 5.37 percentage points year-over-year[3] Risks and Future Outlook - The company faces a delisting risk if the net profit or total profit is negative and revenue is below 100 million RMB[14] - The main products have not completed military pricing reviews, which may lead to significant fluctuations in operating performance[14] - There is a potential risk of significant downward adjustments in pricing compared to provisional prices, affecting future revenue and net profit[16] - The company is facing risks related to provisional pricing adjustments for military products, which may impact revenue recognition if final prices differ significantly from provisional agreements[17] Investment and Income - The company recorded a significant increase in investment income, amounting to CNY 5,187,625.03 in 2025, compared to CNY 7,111,837.13 in 2024[28] - Investment activities generated a net cash inflow of CNY 193,170,507.79 in the first three quarters of 2025, compared to CNY 33,604,209.07 in 2024, marking a significant increase[29] Expenses - Sales expenses decreased to CNY 4,021,274.50 in 2025 from CNY 5,006,432.44 in 2024, showing a reduction of approximately 19.7%[24]

关于对上海证券交易所2025年半年度报告 的信息披露监管问询函的回复公告 证券代码：688511 证券简称：*ST 天微 公告编号：2025-042 四川天微电子股份有限公司 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。 四川天微电子股份有限公司（以下简称"公司"）于 2025 年 9 月 15 日收到上 海证券交易所科创板公司管理部发送的《关于四川天微电子股份有限公司 2025 年半年度报告的信息披露监管问询函》（上证科创公函【2025】0374 号）（以 下简称"《问询函》"），现就相关问题回复如下： 1、关于营业收入 半年报显示，公司报告期内实现营业收入 0.84 亿元，同比增长 87.37%，综 合毛利率 56.53%，同比下降 7.16 个百分点，主要由于委托研发项目亏损幅度进 一步扩大，导致成本大幅度上涨所致。此外，因某整机厂某型号灭火抑爆系统交 易价格调整，公司冲销当期收入 0.04 亿元。 请公司补充披露：（1）报告期内前十大客户的主要销售产品、销售金额及占 比、是否为关联方或新进入客户、审价进展、是否存 ...