证券代码：688511 证券简称：*ST天微 公告编号：2025-040 四川天微电子股份有限公司 董事会 2025年9月6日 四川天微电子股份有限公司关于参加四川辖区2025年投资者网上集体接待日及半年度报告业绩说明会活 动的公告 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。 一、董事会会议召开情况 为进一步加强与投资者的互动交流，四川天微电子股份有限公司（以下简称"公司"）将参加由四川省上 市公司协会、深圳市全景网络有限公司联合举办的"四川辖区2025年投资者网上集体接待日及半年度报 告业绩说明会"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"（https://rs.p5w.net）参与本次互动交 流，活动时间为2025年9月12日（周五）14:00-17:00。届时公司董事兼总经理张超先生、董事兼副总经 理陈从禹先生、独立董事陈旭东先生、财务总监侯光莉女士、董事会秘书杨芹芹女士（如有特殊情况参 会人员可能进行调整）将在线就公司2025年半年度业绩、公司治理、发展战略、经营状 ...

一、董事会会议召开情况 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。 为进一步加强与投资者的互动交流，四川天微电子股份有限公司（以下简称 "公司"）将参加由四川省上市公司协会、深圳市全景网络有限公司联合举办的 "四川辖区 2025 年投资者网上集体接待日及半年度报告业绩说明会"活动，现 将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" （https://rs.p5w.net）参与本次互动交流，活动时间为 2025 年 9 月 12 日（周五） 14:00-17:00。届时公司董事兼总经理张超先生、董事兼副总经理陈从禹先生、独 立董事陈旭东先生、财务总监侯光莉女士、董事会秘书杨芹芹女士（如有特殊情 况参会人员可能进行调整）将在线就公司 2025 年半年度业绩、公司治理、发展 战略、经营状况和可持续发展等投资者关心的问题，与投资者进行沟通与交流， 欢迎广大投资者踊跃参与！ 证券代码：688511 证券简称：*ST 天微 公告编号：2025-040 四川天微电子股份有限公司 关于参加四川辖区20 ...

Core Insights - *ST Tianwei (688511) reported significant growth in its 2025 mid-year financial results, with total revenue reaching 84.01 million yuan, a year-on-year increase of 87.37%, and a net profit attributable to shareholders of 30.82 million yuan, up 2119.12% [1] Financial Performance - Total revenue for the second quarter was 43.56 million yuan, reflecting a substantial year-on-year increase of 459.92% [1] - The net profit for the second quarter was 13.48 million yuan, which is a year-on-year increase of 264.77% [1] - The gross profit margin decreased to 56.53%, down 11.25% year-on-year, while the net profit margin increased to 35.47%, up 1045.29% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 10.15 million yuan, accounting for 12.08% of revenue, a decrease of 64.83% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents increased to 264 million yuan, a rise of 114.79% year-on-year [1] - Accounts receivable stood at 165 million yuan, an 18.52% increase year-on-year, with accounts receivable representing 212.5% of total revenue [1] - The company maintained its interest-bearing debt at 8.1 million yuan, unchanged from the previous year [1] Earnings Per Share - Earnings per share rose significantly to 0.30 yuan, a year-on-year increase of 1600.57% [1] - The net asset value per share decreased to 8.17 yuan, down 24.71% year-on-year [1] - Operating cash flow per share was -0.09 yuan, a decline of 176.51% year-on-year [1] Business Evaluation - The company has shown a historical median ROIC of 8.26%, with the worst year being 2024 at -3.65% [2] - The company has experienced one loss year since its listing, indicating a need for further investigation into potential special circumstances [2] Debt and Inventory Management - The company has a healthy cash position, but attention is needed on accounts receivable and inventory levels, with inventory reaching 105.22% of revenue [2]

Core Viewpoint - The appointment of Ju Wanfu as the new deputy general manager of Sichuan Tianwei Electronics Co., Ltd. (*ST Tianwei) has sparked discussions regarding the company's governance structure, particularly the implications of family governance models in the context of its operational challenges and market position [1][3]. Group 1: Company Background and Governance - Ju Wanfu, born in 1975, has a background in real estate management and has worked for companies such as Shenzhen Xianke Real Estate Development Co. and Baoneng Holdings [2]. - Ju Wanfu is the younger brother of current shareholder Ju Wanzhen and the brother of chairman Ju Wanli, which raises concerns about family governance due to the close relationships among key stakeholders [3]. - The family governance structure is not uncommon in the A-share market, especially among small and medium-sized enterprises, and may indicate a tightening control over the company amid its ongoing struggles [4]. Group 2: Financial Performance - For the first half of 2025, *ST Tianwei reported a revenue of approximately 84 million CNY, a significant increase of 87.37% compared to the same period last year [6]. - The total profit for the same period was approximately 33 million CNY, showing a substantial recovery from previous losses [6]. - Despite a slight improvement in financial performance, the company has been labeled as "high risk" and "shell protection," indicating ongoing concerns about its ability to recover fully [6]. Group 3: Market Reactions and Future Outlook - The timing of the personnel adjustment suggests a strategic repositioning, potentially indicating a shift towards new business areas or a consolidation of governance within the family [5]. - The market remains skeptical about whether family control will serve as a remedy for the company's governance and operational issues, especially given the regulatory scrutiny on family-run enterprises [7]. - As of August 29, *ST Tianwei's stock closed at 23.91 CNY per share, with a year-to-date increase of 53.56%, reflecting some market optimism despite underlying challenges [8].

Group 1 - The company *ST Tianwei (SH 688511) announced the appointment of Mr. Ju Wanfu as the new deputy general manager [1] - The revenue composition for *ST Tianwei in 2024 is as follows: Other manufacturing accounts for 95.01%, other businesses for 3.79%, and technical services for 1.2% [1] - As of the report, *ST Tianwei has a market capitalization of 2.5 billion yuan [1] Group 2 - The company has undergone a review process by its nomination committee regarding the qualifications of senior management personnel [1]

Core Points - The board of directors of Sichuan Tianwei Electronics Co., Ltd. held its 16th meeting on August 29, 2025, where several key resolutions were passed [1][2][3] Group 1: Financial Reporting - The board approved the 2025 semi-annual report, confirming that the preparation and review processes complied with legal and regulatory requirements, and accurately reflected the company's financial status and operational results [1][2] - The board also approved a special report on the storage and actual use of raised funds, ensuring compliance with relevant regulations and confirming that the actual use of funds matched previously disclosed information [2][3] Group 2: Governance and Board Structure - A resolution was passed to establish a system for accountability regarding significant errors in annual report disclosures, aimed at enhancing the quality and transparency of information [3] - The board proposed the nomination of Mr. Ju Wanfu as a non-independent director to fill the vacancy left by the recent passing of Mr. Yang Youxin, ensuring compliance with the company's governance structure [4][5] - The board approved adjustments to the specialized committee members, including Mr. Ju Wanfu's appointment to the strategic committee [4][5] Group 3: Management Appointments and Compensation - The board approved the appointment of Mr. Ju Wanfu as the deputy general manager, with a term lasting until the end of the current board's tenure [6] - A compensation plan for Mr. Ju Wanfu was established, with a salary of 330,000 yuan per year, which includes performance-based pay [6][7] - The board agreed to convene the second extraordinary general meeting of 2025 on September 18, 2025, to discuss certain resolutions that require shareholder approval [7]

Meeting Information - The shareholder meeting is scheduled for September 18, 2025, at 14:30 [1] - The meeting will be held at the Southwest Airport Economic Development Zone, Chengdu, Sichuan, China [1] - Voting will be conducted through a combination of on-site and online methods [1] Voting Procedures - The online voting system will be the Shanghai Stock Exchange's shareholder meeting online voting system [1] - Voting will be available from 9:15 to 15:00 on the day of the meeting [1] - Shareholders must complete identity verification to vote online for the first time [2] Agenda Items - The meeting will discuss the proposal regarding the non-independent director's allowance [2] - The proposal has been approved by the company's second board of directors [2] - Related shareholders must abstain from voting on the proposal [2] Attendance Requirements - Shareholders registered by the close of trading on September 15, 2025, are eligible to attend [3] - Both individual and corporate shareholders can appoint proxies to attend the meeting [3] - Specific documentation is required for registration, including identification and authorization letters [4] Registration Process - Registration for on-site attendance must be completed by September 17, 2025 [4] - Registration can be done via email with required documents [4] Additional Information - Contact details for inquiries include a phone number and email address [6] - The company has provided templates for authorization letters and voting instructions [5][6]

四川天微电子股份有限公司 《上市公司信息披露管理办法》 《公开发行证券的公司信息披露内容与格式 准则第 2 号——年度报告的内容与格式》《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》等法律、法规、规范性文件以及《四川天微电子 股份有限公司章程》(以下简称" 《公司章程》")的相关规定，结合公司实际情况， 制定本制度。 第二条 本制度适用于公司控股股东及实际控制人、董事、高级管理人员、 持股 5%以上股东、公司各部门及子公司负责人以及与年报信息披露有关的其他 工作人员。 第三条 本制度所称责任追究制度是指年报信息披露工作中有关人员不履行 或者不正确履行职责、义务或其他个人原因，导致公司年报信息披露重大差错， 对公司造成重大经济损失或造成不良社会影响时的追究与处理制度。 第四条 本制度所指的年报信息披露重大差错包括年度财务报告存在重大会 计差错、其他年报信息披露存在重大错误或重大遗漏、业绩预告或业绩快报存在 重大差异等情形。具体包括以下情形： 第一章 总则 第一条 为提升四川天微电子股份有限公司(以下简称"公司")的规范运作 水平，确保公司年度报告信息(以下简称"年报信息")披露的真实性、准 ...

Summary of Key Points Core Viewpoint The report provides an overview of the fundraising activities and the actual usage of the raised funds by Sichuan Tianwei Electronics Co., Ltd. It highlights the total amount raised, the management of the funds, and the current status of investment projects. Group 1: Fundraising Overview - The company raised a total of RMB 561.8 million through the issuance of 20 million shares at a price of RMB 28.09 per share, with a net amount of RMB 508.54 million after deducting issuance costs [1][2] - As of June 30, 2025, the remaining balance of the raised funds was RMB 360.63 million, with RMB 120 million temporarily allocated for principal-protected financial investments [2][3] Group 2: Fund Management - The company has established a fundraising management system in compliance with relevant laws and regulations, which has been approved by the board and supervisory committee [2][4] - A tripartite supervision agreement has been signed with several banks to ensure the proper storage and usage of the raised funds [2][3] Group 3: Fund Usage - The total amount invested in fundraising projects during the current year was RMB 6.14 million, with a cumulative investment of RMB 180.99 million [4][5] - There were no instances of using idle funds to temporarily supplement working capital during the reporting period [4][5] Group 4: Project Status - The company has not changed the use of the raised funds for investment projects, and there are no significant changes in the feasibility of the projects [4][5] - The completion date for several projects has been postponed to July 30, 2026, due to various factors including market conditions and project dependencies [5]

《上海证券交易所科创板股 票上市规则》（以下简称"《上市规则》"）等法律法规、规范性文件以及《四川天微电子 股份有限公司章程》 四川天微电子股份有限公司 第二届董事会提名委员会关于聘任公司副总经理的 审查意见 根据《中华人民共和国公司法》 （以下简称"《公司法》"） （以下简称"《公司章程》"） 《董事会提名委员会工作细则》等公司制 度的有关规定，我们作为四川天微电子股份有限公司（以下简称"公司"）第二届董事会 提名委员会委员，本着对公司及全体股东负责的态度，基于审慎独立判断的立场，认真 审核了公司副总经理候选人的个人履历等相关资料，现就聘任巨万夫先生担任公司副总 经理事项发表审查意见如下： 经审查，本次聘任的公司副总经理候选人巨万夫先生具备《公司法》 《规范运作》等 规定的关于担任公司高级管理人员的资格和能力，符合相关法律法规规定的任职资格等 条件要求。巨万夫先生不存在《公司法》等法律法规规定不得担任高级管理人员的情形； 不存在被中国证监会采取不得担任上市公司高级管理人员的市场禁入措施且期限尚未届 满，或被证券交易所公开认定为不适合担任上市公司高级管理人员且期限尚未届满的情 形；不存在《上海证券交易所科创板 ...