本期业绩变化的主要原因：报告期内，受煤炭行业周期性调整及能源结构加速转型影响，公司主要客户 投资决策趋于审慎，资本开支收紧，公司产品市场总需求降低。同时，行业竞争进一步加剧，公司主动 调整价格策略，以具备竞争力的产品定价巩固市场份额，导致公司收入规模收缩，主营业务产品毛利率 下降。在上述因素影响下，公司的净利润有所下滑。 格隆汇1月30日丨天玛智控(688570.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司 所有者的净利润为8400万元到1.13亿元，与上年同期(法定披露数据)相比，将减少2.26亿元到2.56亿元， 同比减少66.61%到75.26%。归属于母公司所有者的扣除非经常性损益的净利润为7400万元到9620万 元，与上年同期(法定披露数据)相比，将减少2.15亿元到2.37亿元，同比减少69.06%到76.20%。 ...

每经AI快讯，天玛智控1月30日晚间发布业绩预告，预计2025年年度实现归属于母公司所有者的净利润 为8400万元~1.13亿元，与上年同期相比，将减少约2.26亿元~2.56亿元，同比减少66.61%~75.26%。业 绩变动主要原因是，报告期内，受煤炭行业周期性调整及能源结构加速转型影响，公司主要客户投资决 策趋于审慎，资本开支收紧，公司产品市场总需求降低。同时，行业竞争进一步加剧，公司主动调整价 格策略，以具备竞争力的产品定价巩固市场份额，导致公司收入规模收缩，主营业务产品毛利率下降。 在上述因素影响下，公司的净利润有所下滑。 每经头条（nbdtoutiao）——核电建设热潮下，设备厂忙到"飞起"！订单已排至2028年，员工三班倒， 产线24小时不停 （记者 王晓波） ...

一、本期业绩预告情况 （一）业绩预告期间 证券代码：688570 证券简称：天玛智控 公告编号：2026-003 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 北京天玛智控科技股份有限公司 2025 年年度业绩预告 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。 （二）每股收益：0.78元。 三、本期业绩变化的主要原因 报告期内，受煤炭行业周期性调整及能源结构加速转型影响，公司主要客户 投资决策趋于审慎，资本开支收紧，公司产品市场总需求降低。同时，行业竞争 进一步加剧，公司主动调整价格策略，以具备竞争力的产品定价巩固市场份额， 导致公司收入规模收缩，主营业务产品毛利率下降。在上述因素影响下，公司的 净利润有所下滑。 四、风险提示 本次业绩预告是公司财务部门基于自身专业判断进行的初步核算，未经注册 1 1.经财务部门初步测算，预计2025年年度实现归属于母公司所有者的净利润 为8,400.00万元到11,340.00万元，与上年同期（法定披露数据）相比，将减少 22,617.51万元 ...

Core Viewpoint - Tianma Zhikong expects a significant decline in net profit for the fiscal year 2025, projecting a range of 84 million to 113.4 million yuan, which represents a year-on-year decrease of 66.61% to 75.26% [1] Industry Impact - The coal industry is experiencing a cyclical adjustment, coupled with an accelerated transformation of the energy structure, leading to more cautious investment decisions from major clients [1] - Capital expenditures are tightening as a result of the aforementioned factors, resulting in a reduced overall market demand for the company's products [1] Company Performance - Increased competition within the industry has prompted the company to adjust its pricing strategy to maintain competitive product pricing and secure market share [1] - The adjustments in pricing strategy have contributed to a contraction in revenue scale and a decline in the gross profit margin of the company's main business products [1] - As a result of these combined factors, the company's net profit has experienced a notable decline [1]

南财智讯1月30日电，天玛智控发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 8400.00万元—11340.00万元，同比预减66.61%—75.26%；预计2025年全年归属于上市公司股东的扣除 非经常性损益的净利润为7400.00万元—9620.00万元，同比预减69.06%—76.20%。报告期内，受煤炭行 业周期性调整及能源结构加速转型影响，公司主要客户投资决策趋于审慎，资本开支收紧，公司产品市 场总需求降低。同时，行业竞争进一步加剧，公司主动调整价格策略，以具备竞争力的产品定价巩固市 场份额，导致公司收入规模收缩，主营业务产品毛利率下降。在上述因素影响下，公司的净利润有所下 滑。 ...

Report Industry Investment Rating - The investment rating for the coal mining industry is "Bullish" [2] Report's Core View - The coal industry is at the beginning of a new upward cycle, with fundamental and policy factors in resonance. It is advisable to allocate coal stocks on dips. The underlying investment logic of coal production capacity shortage remains unchanged, and coal prices have established a bottom and are expected to rise. High - quality coal enterprises have core asset attributes such as high profitability, high cash flow, high ROE, and high dividends. The coal sector is still undervalued, and its valuation is expected to increase. The coal supply bottleneck is expected to last until the "15th Five - Year Plan", and coal prices are likely to remain high. The report continues to be bullish on the coal sector and recommends top - down attention to several types of coal companies [3][11][12] Summary by Directory 1. This Week's Core View and Key Focus - **Core View**: The coal industry is in the early stage of a new upward cycle. The supply side shows an increase in the utilization rate of sample power and coking coal mine wells. On the demand side, there are differences in coal consumption between inland and coastal areas, and non - electric demand also shows different trends. Coal prices stopped falling and rebounded since late December, but the rebound momentum weakened this week. In the future, inventory depletion and the upcoming cold wave will support coal prices, and the market is expected to be stable and slightly strong before the holiday. The coal sector has high - dividend support and upward elasticity, making it a cost - effective investment [11] - **Investment Suggestions**: Focus on companies with stable operations and performance, those with large previous declines and high elasticity, and high - quality metallurgical coal companies. Also, pay attention to other related companies [12] - **Key Focus**: In 2025, China's coal imports decreased by 9.6% year - on - year; India's coal production was basically flat with a slight decline; global seaborne coal trade decreased by 2.8% [13] 2. This Week's Performance of the Coal Sector and Individual Stocks - The coal sector fell 3.33% this week, underperforming the broader market. The CSI 300 fell 0.57% to 4731.87. The top - three sectors in terms of gains were computer, electronics, and media [14] - The power coal, coking coal, and coke sectors fell 3.46%, 3.66%, and 4.38% respectively [17] - The top - three gainers in the coal mining and washing sector were Anyuan Coal Industry (3.97%), Huayang Co., Ltd. (2.90%), and Diantou Energy (0.81%) [20] 3. Coal Price Tracking - **Coal Price Index**: As of January 16, the comprehensive transaction price of CCTD Qinhuangdao thermal coal (Q5500) was 688.0 yuan/ton, up 2.0 yuan/ton week - on - week; the comprehensive average price index of Bohai Rim thermal coal (Q5500) was 686.0 yuan/ton, up 1.0 yuan/ton week - on - week; the annual long - term agreement price of CCTD Qinhuangdao thermal coal (Q5500) was 684.0 yuan/ton, down 10.0 yuan/ton month - on - month [24] - **Thermal Coal Price**: At ports, the market price of Qinhuangdao Port thermal coal (Q5500) from Shanxi was 697 yuan/ton on January 17, up 1 yuan/ton week - on - week. At production sites, prices in some areas were stable while in Datong, it decreased. Internationally, FOB and CIF prices showed different trends [30] - **Coking Coal Price**: At ports, the prices of coking coal in Jingtang Port and Lianyungang increased. At production sites, prices in some areas increased while in others they were stable. The CIF price of Australian Peak Downs hard coking coal in China increased [32] - **Anthracite and Pulverized Coal Injection Price**: The coking anthracite car - loading price in Jiaozuo was flat, while the prices of pulverized coal injection in Changzhi and Yangquan decreased [40] 4. Coal Supply and Demand Tracking - **Coal Mine Capacity Utilization**: As of January 16, the capacity utilization rate of sample power coal mine wells was 90.6%, up 0.3 percentage points week - on - week; the capacity utilization rate of sample coking coal mine wells was 88.47%, up 3.1 percentage points week - on - week [47] - **Import Coal Price Difference**: As of January 16, the price difference between domestic and foreign 5000 - kcal and 4000 - kcal thermal coal decreased [43] - **Coal - fired Power Consumption and Inventory**: Inland 17 provinces saw a decrease in coal inventory and an increase in daily consumption, while coastal 8 provinces saw a decrease in both inventory and consumption [44] - **Downstream Metallurgical Demand**: The Myspic composite steel price index increased slightly, the price of first - grade metallurgical coke was flat, the blast furnace operating rate decreased, the profit per ton of coke decreased, the profit per ton of steel in the blast furnace increased, the iron - scrap price difference decreased, and the blast furnace scrap consumption ratio decreased [65][66] - **Downstream Chemical and Building Materials Demand**: Urea prices in some regions increased, the national methanol price index decreased, the national ethylene glycol price index decreased, the national acetic acid price index increased, the national synthetic ammonia price index increased, the national cement price index decreased, the cement clinker capacity utilization rate decreased, the float glass operating rate decreased, and chemical weekly coal consumption increased [72][76] 5. Coal Inventory Situation - **Thermal Coal Inventory**: Qinhuangdao Port's coal inventory increased to 550.0 tons; 55 ports' thermal coal inventory decreased to 6830.8 tons; the inventory of 462 sample mines decreased to 283.9 tons [91] - **Coking Coal Inventory**: The production - site inventory decreased to 272.4 tons, the six - port inventory decreased to 298.9 tons, the inventory of independent coking plants increased to 954.8 tons, and the inventory of sample steel mills increased to 802.2 tons [92] - **Coke Inventory**: The inventory of coking plants decreased to 40.6 tons, the four - port inventory increased to 188.1 tons, and the inventory of sample steel mills increased to 650.33 tons [94] 6. Coal Transportation Situation - **International and Domestic Coal Transportation**: As of January 16, the China Yangtze River Coal Transportation Comprehensive Freight Index (CCSFI) was 704 points, down 3.6 points week - on - week [107] - **Ratio of Cargo to Ships at Four Northern Ports**: As of January 16, the inventory at four ports in the Bohai Rim was 1465.2 tons, the number of anchored ships was 99, and the ratio of cargo to ships was 14.8, down 1.96 week - on - week [102] - **Daqin Line Coal Transportation**: The average daily coal shipment volume on the Daqin Line this week was 118.0 tons, up 9.75 tons week - on - week [107] 7. Weather Situation - As of January 16, the Three Gorges outbound flow was 9180 cubic meters per second, up 23.22% week - on - week [114] - In the next 10 days, there will be precipitation in some areas, and a cold wave will affect many regions with significant temperature drops [114] - In the long - term (January 27 - 30), there will be precipitation in some areas, and the average temperature in some regions will be lower or higher than normal [114] 8. Listed Company Valuation Table and Key Announcements - **Listed Company Valuation Table**: The table shows the closing prices, net profit attributable to shareholders, EPS, and PE of key listed companies from 2024A to 2027E [115] - **Key Announcements**: Xinji Energy released its 2025 performance report; Pingdingshan Tianan Coal Mining Co., Ltd. announced the progress of its controlling shareholder's strategic restructuring; Guanghui Energy announced a guarantee - related关联交易; Meijin Energy announced a guarantee for its subsidiary and its 2025 performance forecast [116][117][118] 9. This Week's Important Industry News - By 2030, Guizhou's coal production and trial - operation capacity will reach 260 million tons per year [119] - Yunnan will increase coal resource exploration and promote the release of advanced coal production capacity [119] - 20 coal mines in Ordos passed the intelligent acceptance [119] - Guizhou has made breakthroughs in the coal and unconventional natural gas fields [119] - Jiangsu released its 2026 major project list, including one coal - related project [120]

证券代码：688570 证券简称：天玛智控 公告编号：2026-002 公司及子公司煤科天玛将采取的具体措施如下： 1、公司及子公司煤科天玛将根据经营安排和资金投入计划选择相适应的现 金管理产品种类和期限等，确保不影响募集资金投资项目的正常进行。 北京天玛智控科技股份有限公司 关于全资子公司开立募集资金现金管理 专用结算账户的公告 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。 北京天玛智控科技股份有限公司（以下简称"公司"）于 2026 年 1 月 13 日召开第二届董事会第九次会议，审议通过了《关于提请审议全资子公司使用部 分暂时闲置募集资金进行现金管理及以协定存款方式存放募集资金的议案》，同 意全资子公司北京煤科天玛自动化科技有限公司（以下简称"煤科天玛"）使用 最高不超过 4 亿元人民币的暂时闲置募集资金进行现金管理，并以协定存款方式 存放募集资金，有效期自董事会审议通过之日起 12 个月。具体内容详见公司于 2026 年 1 月 14 日在上海证券交易所网站（www.sse.com.cn）披露的《天玛智控 关于全 ...

Core Viewpoint - The company announced that its wholly-owned subsidiary, Coal Science Tianma, will utilize up to 400 million yuan of temporarily idle raised funds for cash management, effective for 12 months [1] Group 1: Cash Management Strategy - The company has opened two special settlement accounts for cash management specifically for the raised funds [1] - The accounts will be closed promptly when products mature and there are no purchasing plans [1] - Multiple risk control measures will be implemented to ensure that the cash management does not affect the fundraising projects [1] Group 2: Financial Efficiency - This cash management initiative is expected to generate investment income, improve fund utilization efficiency, and enhance overall performance [1]

Core Viewpoint - The company has approved the use of up to 400 million RMB of temporarily idle raised funds for cash management and to store raised funds in the form of agreed deposits, effective for 12 months from the board's approval date [1][16]. Group 1: Fundraising Overview - The company raised a total of 2,208.98 million RMB from its initial public offering (IPO) by issuing 73 million shares at a price of 30.26 RMB per share, with a net amount of 2,128.60 million RMB after deducting issuance costs [1]. - The funds have been fully received as of May 31, 2023, and are stored in a dedicated account as per regulatory requirements [1]. Group 2: Fund Usage Plan - The company plans to use 450 million RMB of the raised funds to increase capital in its wholly-owned subsidiary, Meike Tianma, for the development and industrialization of a high-pressure efficient plunger pump and its intelligent control system [2]. Group 3: Cash Management Details - The purpose of cash management is to enhance the efficiency of fund usage while ensuring that it does not affect the construction of investment projects [3]. - The cash management products will include low-risk options such as structured deposits, time deposits, large certificates of deposit, and broker yield certificates, with a maximum term of 12 months [4][6]. - The cash management will be authorized to the management team, who will oversee the execution and decision-making process [7]. Group 4: Agreed Deposit Storage - The company will store the remaining balance of raised funds in agreed deposits to increase storage returns while ensuring that it does not affect the normal implementation of investment projects [10]. Group 5: Impact on Daily Operations - The use of temporarily idle raised funds for cash management will not affect the normal progress of investment projects and is expected to improve overall company performance and shareholder returns [11][12]. Group 6: Compliance and Oversight - The company will comply with relevant regulations and ensure timely information disclosure regarding cash management activities [8][15]. - The sponsor has confirmed that the cash management plan adheres to legal procedures and will not impact the company's investment plans [17].

Group 1 - The core focus of the news is the significant role of Tianma Intelligent Control in the development of coal mining automation and intelligent extraction technologies, showcasing its leadership in the field and contributions to a national key laboratory [1][2] - The laboratory, co-established by Anhui University of Science and Technology, China Coal, and China Coal Science, aims to address major strategic needs such as national energy security and deep resource development, with Tianma providing essential technological support [1][2] - Tianma's innovative model of "ground planning for coal mining, automated equipment execution, and unmanned operations" has become a benchmark in the industry, facilitating the laboratory's key achievements [1][2] Group 2 - The laboratory achieved 10 innovative results and 3 landmark achievements in the past year, many of which were enabled by Tianma's technological advancements [2] - Tianma's core products, including the SAM automation control system and SAC hydraulic support control system, hold the largest market share in China, reinforcing the company's strong market position [3] - The company plans to leverage the laboratory's establishment to focus on original and forward-looking technology research, enhance talent development, and accelerate the conversion of technological achievements into industrial effectiveness [3]