分红方面，深天马AA股上市后累计派现14.29亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，深天马A十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股1.10亿股，相比上期增加5500.05万股。 资料显示，天马微电子股份有限公司位于广东省深圳市龙华区民治街道北站社区天马总部大厦，成立日 期1983年11月8日，上市日期1995年3月15日，公司主营业务涉及以智能手机、平板电脑为代表的移动智 能终端显示核心业务、车载显示关键业务和以医疗、工控为代表的增值业务。主营业务收入构成为：显 示屏及显示模组99.05%，其他0.95%。 深天马A所属申万行业为：电子-光学光电子-面板。所属概念板块包括：全面屏、电子纸、折叠屏、中 盘、融资融券等。 截至11月20日，深天马A股东户数7.27万，较上期增加0.04%；人均流通股33791股，较上期减少 0.04%。2025年1月-9月，深天马A实现营业收入266.63亿元，同比增长11.03%；归母净利润3.13亿元， 同比增长166.25%。 11月28日，深天马A盘中上涨2.03%，截至11:06，报9.06元/股，成交714 ...

证券日报网讯深天马A11月26日在互动平台回答投资者提问时表示，随着国内显示面板企业技术的不断 提升以及产能的持续释放，我国已成为全球最大的面板生产基地。公司作为新型显示产业的骨干龙头企 业，会持续聚焦强化自身在产业链关键环节的竞争实力，不断扩大领域优势。 （文章来源：证券日报） ...

Core Viewpoint - The company, Deep Tianma A, reported that its net profit from the AMOLED production line in Wuhan improved by over 30% year-on-year in the first three quarters of 2025, indicating continuous operational efficiency improvements [1] Company Summary - The company plans to enhance its production line management by optimizing product structure and implementing cost reduction strategies [1] - The company operates in a capital-intensive, technology-intensive, and complex process industry, which has long construction cycles [1] - The company will carefully plan its capacity layout by considering its strategic development direction, macroeconomic trends, and industry technology iteration trends to promote steady and high-quality long-term development [1] Industry Summary - The display industry is characterized by high capital and technology requirements, complex processes, and lengthy construction periods [1]

Core Viewpoint - The company is focusing on its display business while actively developing non-display application technologies based on panel processes and TFT driving technology, establishing a multi-project glass substrate technology platform (MPG) [1] Group 1: Business Focus - The company is concentrating on its display main business and expanding into non-display applications [1] - The MPG platform is being developed to facilitate technology collaboration in various fields such as panel-level metamaterials smart antennas, microfluidics, smart dimming, large-area fingerprint recognition, and flexible sensors [1] Group 2: Development Stage - Current related businesses are in the incubation and nurturing phase, with some technologies already in small-scale production [1] - The company will continue to explore market demands and optimize product solutions [1]

（编辑 袁冠琳） 证券日报网讯 深天马A11月25日在互动平台回答投资者提问时表示，作为中小尺寸显示领域的龙头企 业，公司始终重视行业生态的健康发展，将持续通过高定制化的产品优势、科学的生产规划、强化前瞻 性技术布局与产品技术开发等多元举措，以自身行动维护行业良性竞争与可持续发展。 ...

证券日报网讯深天马A11月25日在互动平台回答投资者提问时表示，截至2025年11月20日，公司股东户 数为72732户。 ...

每经AI快讯，深天马Ａ（000050.SZ）11月25日在投资者互动平台表示，2025年前三季度，公司武汉 AMOLED产线净利润同比改善超30%，经营质效持续改善。公司也会持续通过优化产品结构，推动极 致降本等方式，不断提升产线经营水平。公司所在的显示行业具有资金密集、技术密集、工艺复杂以及 建设周期较长等特点，在产能布局方面，公司会综合考量自身战略发展方向、宏观经济走势及行业技术 迭代趋势等多种因素审慎规划，稳步推进中长期高质量发展。 （文章来源：每日经济新闻） ...

每经AI快讯，有投资者在投资者互动平台提问：请问明年的折旧会大概下降多少？ （文章来源：每日经济新闻） 深天马Ａ（000050.SZ）11月25日在投资者互动平台表示，综合考虑TM20个别新线体达到转固标准、成 熟LTPS产线将逐步折旧到期，在没有其他新线投资的前提下，2026年折旧金额预计开始逐步下降，具 体金额请以公司定期报告数据为准。 ...

Group 1: Storage Market Dynamics - The recent surge in storage prices and the volatility of related company stocks have drawn renewed attention to the industry chain [2] - The demand for HBM storage driven by AI development is squeezing DRAM production capacity, leading to increased costs for smartphones and PCs [2][8] - TrendForce has revised down its global smartphone and laptop production forecasts for 2026, projecting declines of 2% and 2.4% respectively [2][11] Group 2: Display Panel Industry Growth - Over the past two decades, China's display panel industry has transformed from dependency on imports to becoming the world's largest manufacturing base [3][4] - The domestic display supply chain is more stable and complete compared to storage chips, giving Chinese manufacturers greater control [3] - The market size of China's display panel industry reached 396.2 billion yuan, accounting for 68.2% of the global market [5] Group 3: OLED Technology Advancements - Chinese manufacturers are heavily investing in OLED technology, with companies like Tianma and BOE establishing advanced production lines [5][7] - By the first half of 2025, Chinese manufacturers are expected to hold a 51.7% share of the global AMOLED smartphone panel market [7] - The demand for AMOLED panels is rising, while LCD panels maintain stable shipments in entry-level markets [7][11] Group 4: Cost Pressures and Strategic Responses - The increase in storage chip prices is expected to raise the BOM cost of smartphones by approximately 5-7% next year [8][9] - The share of storage in laptop BOM costs is projected to exceed 20% by 2026, leading to potential price increases of 5-15% for laptops [9][11] - Manufacturers are adjusting their product strategies, potentially reducing screen quality in lower-end models to manage costs [11][12] Group 5: Collaboration and Innovation - Companies are moving towards deep collaboration with panel manufacturers, shifting from traditional supplier relationships to joint technology development [16][20] - Xiaomi has established joint laboratories with panel manufacturers to enhance the entire supply chain [20][21] - The shift towards a collaborative model is seen as essential for competing with global leaders like Apple and for driving innovation in the display industry [21]

Core Viewpoint - The article emphasizes the significant potential of Micro-LED technology in the display industry, highlighting its advancements and the collaborative efforts of companies like Tianma Microelectronics to drive its commercialization and application across various sectors [2][6][16]. Group 1: Micro-LED Technology Development - Micro-LED is regarded as the ultimate display technology, with Tianma leading the charge in its development for large-size displays, automotive displays, transparent displays, wearables, and AR applications [2][5]. - At the TIC 2025 conference, Tianma unveiled the world's first 108-inch 4K Micro-LED seamless display, showcasing its high brightness, contrast, low reflectivity, and seamless splicing capabilities [5][8]. - The cost reduction and yield improvement of Micro-LED technology are critical for its market expansion, with a reported price drop of over 50% for 6-inch RGB Micro-LED chips in the past two to three years [6][9]. Group 2: Technical Challenges and Solutions - Despite the advancements, challenges such as reduced external quantum efficiency (EQE) and lower yield due to chip size reduction persist, but upstream companies are actively addressing these issues [9][10]. - Tianma is developing technologies like mixed BIN and De-mura algorithms to enhance chip uniformity to over 90%, thereby reducing costs [9][10]. - Various manufacturing techniques, including laser mass transfer and high-precision seamless splicing, are being optimized to improve the cost and yield of Micro-LED displays [10][12]. Group 3: Automotive Display Opportunities - Tianma is focusing on automotive displays as a key area for Micro-LED technology, having already developed several transparent display products tailored for automotive environments [12][13]. - The compatibility of Micro-LED technology with automotive displays is highlighted by its deformability, efficiency, and durability, which opens up numerous application opportunities [13][15]. - Tianma successfully demonstrated a 7-inch Micro-LED automotive standard product, accelerating the penetration of Micro-LED technology in the automotive sector [15][16]. Group 4: Future Prospects and Investments - The potential applications of Micro-LED technology are vast, extending to smartwatches, AR glasses, automotive headlights, and optical communications, which could significantly enhance its market value [16][17]. - Tianma has invested 1.1 billion yuan to establish a fully automated G3.5 generation mass transfer production line, expected to achieve full-process integration by the end of 2024 and begin small-scale production in 2025 [16][17]. - The company is optimistic about the future of Micro-LED technology, viewing 2026 as a pivotal year for its development and mass production [17].