Performance Forecast - The company expects a net profit attributable to shareholders of approximately 30.06 million yuan for the first half of 2025, an increase of about 28.67 million yuan compared to the same period last year, representing a year-on-year increase of approximately 2064.85% [3][6] - The total profit for the first half of 2025 is estimated to be around 32.49 million yuan, with a net profit after deducting non-recurring gains and losses of approximately 23.11 million yuan [3][4] - The expected operating revenue for the first half of 2025 is approximately 84.01 million yuan, with the revenue after excluding non-core business income estimated at around 82.36 million yuan [3][4] Previous Year Comparison - In the same period last year, the total profit was 0.1538 million yuan, with a net profit attributable to shareholders of 0.1387 million yuan, and a net profit after deducting non-recurring gains and losses of -0.3881 million yuan [6][7] - The operating revenue for the previous year was 44.84 million yuan, with the revenue after excluding non-core business income at 43.39 million yuan [7] Reasons for Performance Changes - The increase in demand for the company's main product, fire suppression and explosion-proof systems, is closely linked to the annual task arrangements of the complete vehicle assembly, which has accelerated due to national macro policies [8] - The company has seen a significant increase in order volume and revenue due to the accelerated delivery pace aligned with the production schedule of the assembly plants [8] - Management expenses have decreased due to the cancellation of stock incentives, and impairment losses have also reduced, contributing to the substantial increase in net profit for the first half of 2025 [8]

Performance Forecast - The company expects a net profit attributable to shareholders of approximately 30.06 million yuan for the first half of 2025, an increase of about 28.67 million yuan compared to the same period last year [1][2] - The total profit for the first half of 2025 is projected to be around 32.49 million yuan, with a net profit after deducting non-recurring gains and losses estimated at approximately 23.11 million yuan [1][2] - The expected operating revenue for the first half of 2025 is about 84.01 million yuan, with the revenue after excluding unrelated business income estimated at around 82.36 million yuan [1][2] Previous Year Performance - In the same period last year, the total profit was 0.154 million yuan, with a net profit attributable to shareholders of 1.39 million yuan [2] - The net profit after deducting non-recurring gains and losses was -3.88 million yuan [2] - The operating revenue for the previous year was 44.84 million yuan, with the adjusted revenue being 43.39 million yuan [2] Reasons for Performance Change - The company's main product, the fire suppression and explosion-proof system, is closely tied to the annual task arrangements of the complete vehicle [2] - The acceleration of the annual task progress due to national macro policies has led to an increase in product delivery pace, positively impacting net profit [2] - The reduction in management expenses due to the cancellation of equity incentives and decreased impairment losses contributed to the significant increase in net profit for the first half of 2025 [2]

Core Viewpoint - *ST Tianwei (688511) expects a significant increase in net profit for the first half of 2025, projecting a rise of approximately 28.67 million yuan, or about 2064.85% year-on-year [2] Financial Performance - The company anticipates a total profit of around 32.49 million yuan and a net profit of approximately 30.06 million yuan for the first half of 2025 [2] - The expected operating revenue for the same period is about 84.01 million yuan, with a core operating revenue of approximately 82.36 million yuan after excluding unrelated business income [2] - The estimated net asset value at the end of the first half of 2025 is around 849 million yuan [2] Product and Market Development - *ST Tianwei specializes in the research, production, and sales of fire extinguishing and explosion suppression systems, among other products [2] - The demand for the company's main products is closely linked to the annual task arrangements of the complete vehicle assembly, with increased orders and revenue due to accelerated production schedules driven by national macro policies [3] - The company plans to expand its market for anti-chemical and biological products and enhance the application of optical flame detection systems and infrared detectors in fire suppression systems [4] Technological Advancements - The company has accumulated over 20 years of expertise in high-reliability real-time detection technology and intelligent control technology, aiming to leverage these capabilities to expand into civilian markets while maintaining its military product base [5] - *ST Tianwei intends to explore external growth opportunities through capital market activities, including mergers and acquisitions, to optimize its industrial layout and achieve high-quality development [5]

Key Points - The article summarizes important announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors [2] Major Events - Xizang Tianlu experienced significant abnormal fluctuations in the trading of its convertible bonds, with a cumulative price increase exceeding 100% over seven trading days, leading to a closing price of 481.80 CNY per bond, representing a premium of 381.80% over the face value [3][4] - Huqin Technology plans to acquire 6% of Jinghe Integrated's shares for 2.393 billion CNY, with a transfer price of 19.88 CNY per share [4][5] - Liyuan Technology's actual controller received a criminal judgment for violating information disclosure regulations, resulting in a one-year prison sentence with a one-and-a-half-year probation and a fine of 3.3 million CNY [6] - Huashi Technology's general manager had the detention measures lifted, allowing him to resume his duties [7] - Dongfang Materials' chairman resigned for personal reasons but will continue as a board member [8] - WuXi AppTec adjusted its share repurchase price limit to a maximum of 114.15 CNY per share [9] - ST Haihua's subsidiary plans to acquire 100% of Lixin Dingsheng for 43 million CNY [10] - Xizang Tourism clarified that it has not engaged in business cooperation related to the Yarlung Tsangpo River project amid stock price volatility [11][12] - Yabont Chemical decided to terminate its planned external investment in Gansu Haotian Technology [13] - Zhongbei Communication's subsidiary terminated its acquisition of a 55% stake in PT. Semesta Energi Services due to unmet conditions [14] - Quzhou Development plans to purchase shares of Xiandai Electronics and raise matching funds, leading to a temporary stock suspension [15] - Shenli Co. terminated its control change plan due to the buyer's failure to pay the agreed transaction price [16] Performance Reports - Greenland Holdings reported a 16.93% year-on-year increase in contract sales amounting to 21.752 billion CNY in Q2 2025 [17][18] - Lujiazui's net profit for the first half of 2025 was 815 million CNY, a decrease of 7.87% year-on-year [19] - Hongfa Co. achieved a net profit of 964 million CNY in the first half of 2025, reflecting a 14.19% increase [20] - Nanya New Materials expects a net profit increase of 44.69% to 71.82% in the first half of 2025 [21] - ST Tianwei anticipates a significant net profit increase of approximately 2064.85% year-on-year [22] - Fudan Microelectronics expects a net profit decrease of 39.67% to 48.29% in the first half of 2025 [23][24] - Sains expects a net profit decrease of 57.53% to 60.13% despite revenue growth [25] - Baotai anticipates a net loss reduction of 110 million to 140 million CNY in the first half of 2025 [26] Major Contracts - China CNR signed several major contracts totaling approximately 32.92 billion CNY [27] - Wantong Intelligent Control entered into an exclusive authorization agreement in the embodied intelligence field [28] - Anhui Construction won a bid for a highway concession project with an estimated total investment of 3.614 billion CNY [29] - Tiantian Technology's subsidiary signed a procurement order worth 400 million CNY for copper-lithium composite strips [30] - Daoshi Technology signed a strategic cooperation agreement related to humanoid robots [31] Shareholding Changes - Suzhou Planning's shareholders plan to reduce their holdings by up to 4.5% [32] - Jiahe Meikang's shareholder plans to reduce holdings by up to 3% [33] - Huaye Fragrance's controlling shareholder plans to reduce holdings by up to 3% [34] - Lanfeng Biochemical's shareholder plans to reduce holdings by up to 2.61% [35] - Anji Food's actual controller plans to reduce holdings by up to 2% [37] - Saiwei Electronics' National Integrated Circuit Fund reduced its holdings by 1.06% [38] - Lakala's Lenovo Holdings reduced its holdings by 535,960 shares [39] Share Buybacks - Shima Power plans to repurchase shares worth 300 million to 400 million CNY [40]

Core Viewpoint - *ST Tianwei (688511) expects a significant increase in net profit for the first half of 2025, driven by accelerated production and delivery schedules due to national macro policies [1] Financial Performance - The company anticipates a net profit attributable to shareholders of approximately 28.67 million yuan, representing a year-on-year increase of about 2064.85% compared to the previous year's net profit of 1.39 million yuan [1] - The increase in net profit is attributed to a rise in order volume and revenue due to faster delivery schedules linked to the overall production pace at assembly plants [1] Cost Management - Management expenses are expected to decrease due to the cancellation of equity incentives, alongside a reduction in impairment losses, contributing to the substantial increase in net profit for the first half of 2025 [1]

Group 1 - The company *ST Tianwei (SH 688511) announced an earnings forecast on July 29, expecting a total profit of approximately 32.49 million yuan for the first half of 2025 [2] - The net profit attributable to the parent company for the first half of 2025 is projected to be around 30.06 million yuan, with a net profit of approximately 23.11 million yuan after deducting non-recurring gains and losses [2] - In 2024, the revenue composition of *ST Tianwei is expected to be 95.01% from other manufacturing, 3.79% from other businesses, and 1.2% from technical services [2]

Core Insights - *ST Tianwei (688511.SH) expects a significant increase in net profit for the first half of 2025, projecting an approximate increase of 28.67 million yuan, representing a year-on-year growth of about 2064.85% [1] - The company anticipates total profit of approximately 32.49 million yuan and net profit attributable to the parent company of around 30.06 million yuan for the same period [1] Financial Projections - The expected net profit attributable to the parent company for the first half of 2025 is approximately 30.06 million yuan, with a non-recurring profit of about 23.11 million yuan [1] - The projected operating revenue for the first half of 2025 is around 84.01 million yuan, with core operating revenue estimated at approximately 82.36 million yuan after excluding unrelated business income [1] Product Demand and Operational Impact - The demand for the company's fire suppression and explosion-proof systems is closely linked to the annual task arrangements of the complete vehicle [2] - Due to national macro policies, the annual task progress for complete vehicles has accelerated, leading to a significant increase in order volume and revenue for the first half of 2025 [2] - Management expenses have decreased due to the cancellation of equity incentives, and reduced impairment losses have contributed to the substantial increase in net profit for the first half of 2025 [2] Contractual Developments - The company has reached an agreement on the pricing of a certain model's supporting products after negotiations, with a supplementary agreement signed on July 21, 2025 [2] - The historical price difference for the supporting products will be accounted for in the current period's profit and loss [2]

Group 1 - The company *ST Tianwei (688511.SH) expects a significant increase in net profit attributable to shareholders for the first half of 2025, projecting an increase of approximately 28.67 million yuan, which represents a year-on-year growth of about 2064.85% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to increase by approximately 26.99 million yuan compared to the same period last year [1] - The total profit for the first half of 2025 is projected to be around 32.49 million yuan, with net profit attributable to shareholders estimated at approximately 30.06 million yuan, and net profit after deducting non-recurring gains and losses expected to be around 23.11 million yuan [1] Group 2 - The company's main product is a fire extinguishing and explosion suppression system, which is closely related to the annual task arrangements of complete vehicles. This year, the acceleration of the annual task progress due to national macro policies has led to a significant increase in order volume and revenue for the first half of 2025 [2] - The increase in net profit for the first half of 2025 is also attributed to a decrease in management expenses due to the cancellation of equity incentives and a reduction in impairment losses compared to the same period last year [2] - The company reached an agreement on the settlement price for a certain model's supporting products with a complete machine factory on July 19, 2025, and signed a supplementary agreement on July 21, 2025, which will affect the current period's profit and loss due to historical price differences [2]

[Sichuan Tianwei Electronics Co., Ltd. 2025 Semi-Annual Performance Forecast](index=1&type=section&id=Sichuan%20Tianwei%20Electronics%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast%20Voluntary%20Disclosure%20Announcement) [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a significant turnaround and substantial growth in its 2025 first-half performance, with net profit attributable to shareholders projected at approximately **30.06 million CNY**, a **2,064.85% year-over-year increase**, and operating revenue at **84.01 million CNY**, up **87.38%** Comparison of 2025 Semi-Annual Performance Forecast with Prior Period (Unit: Million CNY) | Financial Indicator | 2025 H1 (Estimated) | 2024 H1 (Actual) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 84.01 | 44.84 | +87.38% | | Total Profit | 32.49 | 0.15 | +21023.54% | | Net Profit Attributable to Parent | 30.06 | 1.39 | +2064.85% | | Net Profit Attributable to Parent (Excl. Non-recurring) | 23.11 | -3.88 | Turnaround to Profit | | Net Assets at Period End | 849.03 | 868.33 | -2.22% | - Preliminary estimates indicate that net profit attributable to owners of the parent company for the 2025 semi-annual period is expected to increase by approximately **2,064.85%** year-over-year[3](index=3&type=chunk) - This performance forecast has not been audited by a certified public accountant[5](index=5&type=chunk) [Prior Period Performance Overview](index=1&type=section&id=II.%20Prior%20Period%20Performance%20Overview) In the corresponding period of 2024, the company reported a net profit attributable to owners of the parent company of **1.39 million CNY**, a non-recurring net loss of **3.88 million CNY**, and operating revenue of **44.84 million CNY** - Net profit attributable to owners of the parent company for the prior period (2024 H1) was **1.39 million CNY**[7](index=7&type=chunk) - Net profit after deducting non-recurring gains and losses for the prior period (2024 H1) was **-3.88 million CNY**[7](index=7&type=chunk) - Operating revenue for the prior period (2024 H1) was **44.84 million CNY**[8](index=8&type=chunk) [Key Reasons for Current Period Performance Change](index=2&type=section&id=III.%20Key%20Reasons%20for%20Current%20Period%20Performance%20Change) Performance growth is primarily attributed to a significant increase in core product (fire suppression and explosion prevention systems) orders driven by accelerated vehicle manufacturer production, reduced management expenses due to equity incentive cancellation, and a positive impact from a new settlement agreement on product pricing with a key customer - Significant increase in orders and revenue for core products (fire suppression and explosion prevention systems) due to accelerated product delivery driven by faster annual task progress from vehicle manufacturers[9](index=9&type=chunk) - Management expenses decreased due to the cancellation of equity incentives, coupled with reduced impairment losses, collectively contributing to a substantial increase in net profit[9](index=9&type=chunk) - A new settlement price agreement was reached with a certain vehicle manufacturer for a specific model's supporting products, with historical price differences recognized in current period profit and loss, resulting in a positive impact[9](index=9&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company emphasizes that this performance forecast is based on preliminary unaudited data, and its stock has been subject to delisting risk warning (*ST), potentially facing delisting if 2025 annual financial data fails to meet listing requirements - This performance forecast represents preliminary calculations by the finance department and has not yet been audited by a certified public accountant, thus containing uncertainties[10](index=10&type=chunk) - The company's stock has been subject to delisting risk warning (*ST) since May 6, 2025, and delisting procedures will be initiated if the 2025 annual report again triggers relevant delisting conditions[10](index=10&type=chunk)[11](index=11&type=chunk) [Other Explanatory Matters](index=3&type=section&id=V.%20Other%20Explanatory%20Matters) The company reiterates that the forecast data is preliminary, and final accurate financial data will be based on the officially disclosed 2025 semi-annual report, urging investors to exercise caution regarding investment risks - The aforementioned forecast data is preliminary, and the final financial data will be based on the company's officially disclosed 2025 semi-annual report; investors are advised to be aware of investment risks[12](index=12&type=chunk)

四川天微电子股份有限公司（以下简称"公司"）于近日收到证券事务代表 王涛先生提交的辞职报告。王涛先生因个人原因申请辞去公司证券事务代表职务， 辞职后不再担任公司任何职务，辞职报告自送达公司董事会之日起生效，其辞职 不会影响公司相关工作的正常开展。 截至本公告披露日，王涛先生未持有公司股份，亦不存在应当履行而未履行 的承诺事项。王涛先生在担任公司证券事务代表期间恪尽职守、勤勉尽责，公司 及公司董事会对其在任职期间所做的工作表示衷心感谢！ 证券代码：688511 证券简称：*ST天微 公告编号：2025-033 四川天微电子股份有限公司 关于证券事务代表辞职的公告 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。 2025 年 7 月 26 日 公司董事会将根据《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》等相关规定，尽快聘任符 合任职资格的人员担任证券事务代表，协助公司董事会秘书开展工作。 特此公告。 四川天微电子股份有限公司 董事会 ...