证券日报网讯 12月11日，深天马A在互动平台回答投资者提问时表示，柔性AMOLED技术在手机显示 领域渗透率仍将持续提升，并保持结构性增长，其中大陆OLED面板厂商未来有望进一步提升市场份 额，但阶段性也会面临市场竞争日趋激烈等影响，给行业厂商短期经营带来压力。公司将继续推进 OLED手机产品高端化布局，不断加强在旗舰项目的能力和覆盖，同时积极推进OLED技术在车载、 IT、穿戴等领域的多元化拓展，依托丰富的客户布局、产线能力的持续提升、多维度的极致降本等综合 措施，来持续提升柔性AMOLED业务的规模和盈利水平。 （文章来源：证券日报） ...

Core Viewpoint - The company, Deep Tianma A, has been dedicated to the display field for over 40 years, focusing on the development of its core display business while also actively exploring non-display application technologies based on panel processes and TFT driving technology [1] Group 1 - The company has a long-standing commitment to the display industry, emphasizing its expertise and experience [1] - The company is not only concentrating on its main display business but is also diversifying into non-display applications [1]

Core Viewpoint - The company emphasizes its commitment to innovation and technology leadership in the new display industry, aiming to achieve product leadership through advanced technology development [1] Group 1: R&D Focus - The company's R&D investments are primarily directed towards flexible AMOLED, LCD technologies, and applications in smartphones, automotive, and IT display sectors [1] - The company maintains a forward-looking approach by investing in cutting-edge technologies such as Micro-LED and non-display technologies [1] Group 2: Competitive Advantage - Continuous improvement in R&D capabilities is expected to enhance the company's display solution offerings and diversify its product portfolio [1] - The focus on technological advancements is aimed at strengthening the company's competitive position in the market [1]

证券日报网讯12月11日，深天马A在互动平台回答投资者提问时表示，截至2025年11月28日，公司股东 户数为73397户(含信用账户)。 ...

天马微电子股份有限公司 2021年面向专业投资者公开发行公司债券(第二期) 2025 年付息公告 本公司及全体董事保证本公告内容真实、准确、完整,没有虚假记载、误导 性陈述或者重大遗漏。 重要提示: 债券简称:21 天马 02 债券代码:149741 债权登记日:2025年12月8日 | 证券代码:000050 | 证券简称:深天马 A | 公告编号: 2025-079 | | --- | --- | --- | | 债券代码:149741 | 债券简称:21 天马 02 | | 付息日:2025年12月9日 计息期间:2024年12月9日至 2025年12月8日 天马微电子股份有限公司(以下简称"公司"、"发行人")2021 年面向专业 投资者公开发行公司债券（第二期）将于 2025 年 12 月 9 日支付自 2024 年 12 月 9 日至 2025年 12 月 8 日期间的利息。为保证付息工作的顺利进行,现将有关事项 公告如下: 一、本期债券的基本情况 1. 发行人:天马微电子股份有限公司 2. 债券名称:天马微电子股份有限公司 2021 年面向专业投资者公开发行公 司债券(第二期) 3. 债券简称: ...

Core Viewpoint - The merger of Shanghai Tianma and Tianma Organic Light Emitting Display is aimed at optimizing the management structure and improving operational efficiency, aligning with the company's future development needs [1][4]. Group 1: Company Overview - Shanghai Tianma was established in 2006 with a registered capital of 1.03 billion RMB, focusing on the manufacturing and sales of displays, electronic materials, and optoelectronic devices [4]. - For the period of January to September 2024, Shanghai Tianma reported revenue of 5.92 billion RMB and a net profit of 270 million RMB [4]. - Tianma Organic Light Emitting was founded in 2013 with a registered capital of 1 billion RMB, specializing in the R&D, design, production, and sales of organic light-emitting displays [4]. - In the same period, Tianma Organic Light Emitting achieved revenue of 21.01 million RMB and a net profit of 2.69 million RMB [4]. Group 2: Merger Details - On December 2, the company announced the completion of the business deregistration procedures for Tianma Organic Light Emitting [1]. - The board of directors approved the merger plan on December 30, 2024, allowing Shanghai Tianma to absorb Tianma Organic Light Emitting, which will be legally dissolved [1]. - Following the merger, all assets, liabilities, rights, and obligations of Tianma Organic Light Emitting will be inherited by Shanghai Tianma [1].

Group 1 - The article discusses the historical significance of horses in human culture, emphasizing their loyalty, diligence, and spiritual qualities as companions throughout history [1] - The domestication of horses dates back approximately 5,500 years, with evidence found in Kazakhstan and China, indicating the spread of horse breeding techniques [1][2] - The early horses in China were smaller and shorter compared to later breeds, as evidenced by artifacts from the Zhou Dynasty [2][4] Group 2 - The introduction of the "Heavenly Horse" from the Western Regions during the Han Dynasty significantly improved the local horse breeds, enhancing the military capabilities of the Han army [4][5] - The "Heavenly Horse" was not only a military asset but also held spiritual significance, reflecting the cultural beliefs of the Han Dynasty [6][7] - Artistic representations of horses during the Han Dynasty showcased their importance in various aspects of life, including warfare, hunting, and daily activities [9][10][12] Group 3 - Horses served multiple functions in daily life, including transportation and as hunting mounts, reflecting their integral role in agricultural society [12][18] - The Han Dynasty's emphasis on horses was linked to political power and ceremonial significance, showcasing the grandeur of the empire [12][39] - The mythical representations of horses, such as the "Heavenly Horse," illustrate the blending of cultural beliefs and artistic expression in ancient China [22][36]

证券代码：000050 证券简称：深天马A 公告编号：2025-078 天马微电子股份有限公司 关于全资子公司之间吸收合并的进展公告 三、本次吸收合并对公司的影响 第 1 页 共 2 页 本次吸收合并有利于进一步优化公司管理架构，提高运营效率， 符合公司未来发展需要。上海天马、天马有机发光均为公司的全资子 公司，两家公司的财务报表已纳入公司合并报表范围。本次吸收合并 不会对公司的正常经营和财务状况产生重大影响，不会损害公司及全 体股东的利益。 特此公告。 天马微电子股份有限公司董事会 二〇二五年十二月三日 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、吸收合并基本情况 天马微电子股份有限公司（以下简称"公司"）于2024年12月30 日召开第十届董事会第二十四次会议，审议通过《关于全资子公司之 间吸收合并的议案》，同意公司全资子公司上海天马微电子有限公司 （以下简称"上海天马"）吸收合并公司全资子公司上海天马有机发 光显示技术有限公司（以下简称"天马有机发光"）。本次吸收合并 完成后，上海天马继续存续，天马有机发光依法注销，天马有机发光 的全部资产、负债 ...

Core Viewpoint - The company, Deep Tianma A, has confirmed that its display products and technologies can be applied in various fields, including commercial aerospace, responding to investor inquiries about potential applications in this sector [1] Group 1: Company Applications - The company's display products are utilized in multiple sectors such as civil aviation, medical, industrial handheld devices, human-machine interaction, two-wheeled vehicles, and white goods [1]

Core Insights - The electronic paper industry is experiencing significant growth, transitioning from niche applications to becoming a core component in IoT display terminals, driven by increasing demand in retail and other sectors [1][2] - The A-share electronic paper index saw a daily increase of 3.36% on November 25, and a year-to-date increase of 56.58% as of November 28 [1] - Major manufacturers are consolidating their market positions, with the top five companies expected to hold approximately 86% of the global market share by 2024 [2][8] Industry Trends - The "dual carbon" goals in China are providing implicit support for low-power electronic products, creating long-term certainty for electronic paper companies [2] - The demand for electronic price tags and other applications is accelerating, with the industry entering a phase of synchronized acceleration in technology, market, and application [2][7] - The electronic paper technology has advanced with breakthroughs in color and flexibility, expanding applications from black-and-white static displays to full-color dynamic displays [5][6] Market Dynamics - The global electronic paper market is projected to exceed $14.2 billion, with significant growth expected in the e-book segment, which is anticipated to reach 18.8 million units by 2025 [8][9] - The domestic electronic paper industry has formed a complete layout, with strong downstream demand driving the expansion of upstream materials and midstream module production capacity [7] - The industry is characterized by a high growth rate and low base, with a compound annual growth rate of over 20% expected for global electronic paper terminals [9][10] Competitive Landscape - Major players in the electronic paper market include E Ink Holdings, HeLiTai, and Yasi Optoelectronics, with E Ink holding over 90% of the electronic ink film market [5][6] - The domestic market is seeing increased competition, with companies like Hanwang Technology and others capturing significant market shares [6][7] - The industry is facing challenges in scaling up production and reducing costs, particularly in high-end color electronic paper, which still relies on imported core materials [10]