证券代码：000050 证券简称：深天马A 公告编号：2025-075 天马微电子股份有限公司 关规定，回购期间，公司应当在每个月的前三个交易日内披露截至上 月末的回购进展情况。现将公司相关情况公告如下： 一、截至上月末回购公司股份的进展情况 截至2025年10月31日，公司通过回购专用证券账户，以集中竞 价方式实施回购公司股份，累计回购股份数量为11,082,462股，约占 公司目前总股本的0.4509%，最高成交价为10.07元/股，最低成交价为 9.13元/股，支付总金额为106,004,410元（不含交易费用）。本次回 购符合法律法规、规范性文件的有关规定及公司回购股份方案的要求。 关于回购公司股份的进展公告 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。 天马微电子股份有限公司（以下简称"公司"）分别于2025年4 月15日和2025年7月2日召开第十届董事会第二十八次会议和2025年 第二次临时股东大会，审议通过了《关于回购公司股份方案的议案》， 同意公司以集中竞价交易方式回购部分公司股份，回购的股份将用于 减少公司注册资本，拟回购股份的种类为公司 ...

Core Insights - The flexible OLED technology is currently the most ideal flexible display technology, with various other technologies also being explored in the display field [1] Market Overview - The global AMOLED panel market reached a size of $42 billion in 2021, marking a year-on-year growth of 37.7%. However, in 2023, the market experienced a slight decline due to weak overall demand in consumer electronics, particularly in the high-end segment like large OLED TVs. A strong rebound is expected in 2024, with the market size projected to exceed $48 billion [2] Shipment Growth - Global shipments of OLED smartphone panels are expected to reach 850 million units in 2024, representing a year-on-year increase of 25.3%. Among these, flexible OLED shipments are projected to be 633 million units, reflecting a growth of 19.2% [5] Chinese Market Dynamics - In the flexible OLED shipment landscape, BOE leads with 71 million units, followed by Tianma and Huaxing Optoelectronics with 43.2 million and 41 million units respectively, indicating strong competition among Chinese manufacturers [6] Global Competitive Landscape - Samsung Display and BOE are the leading players in the global flexible OLED market, with Samsung's shipment volume reaching 86.6 million units and BOE's at approximately 71 million units in the second quarter of 2025 [9]

Core Insights - The panel industry is experiencing a recovery phase, with major companies reporting significant growth in revenue and profit for the first three quarters of the year [1][2][3] Group 1: TCL Technology - TCL Technology reported a revenue of 135.943 billion yuan, a year-on-year increase of 10.50%, and a net profit of 3.047 billion yuan, up 99.75% year-on-year for the first three quarters [1] - In Q3, TCL's net profit reached 1.163 billion yuan, a quarter-on-quarter increase of 33.57%, indicating a continuous recovery in profitability [1] - The company’s market share for large-size products increased by 5 percentage points to 25% in Q3, with significant growth in medium and small-size segments, including a 63% increase in notebook sales [2] Group 2: BOE Technology Group - BOE Technology Group reported a revenue of 154.548 billion yuan, a year-on-year increase of 7.53%, and a net profit of 4.601 billion yuan, up 39.03% year-on-year for the first three quarters [2] - The company is actively expanding its presence in the flexible AMOLED sector and is focusing on automotive and IT applications to seize market opportunities [2] Group 3: Tianma Microelectronics - Tianma Microelectronics achieved a revenue of 26.663 billion yuan, a year-on-year increase of 11.03%, and turned a profit with a net profit of 313 million yuan for the first three quarters [3] - The company is focusing on flexible AMOLED mobile display business and has established a competitive advantage in automotive and specialized display sectors [3] Group 4: R&D Investments - TCL Technology invested 7.394 billion yuan in R&D in Q3, a year-on-year increase of 12.55%, focusing on the industrialization of printing OLED and Micro-LED technologies [4] - BOE Technology Group's R&D expenses reached 9.560 billion yuan in Q3, a year-on-year increase of 8.34%, emphasizing the development of semiconductor display and IoT innovations [3][4] - The panel industry is witnessing significant technological advancements, with companies achieving breakthroughs in printing OLED, Micro-LED, and flexible AMOLED technologies, positioning them to lead global market trends [4]

Group 1 - The core viewpoint of the article indicates that the average operating rate of OLED panel production lines in mainland China is expected to increase to 80% in Q4 2025, representing a 2 percentage point increase compared to the previous quarter [2][3]. Group 2 - The article provides a list of the latest production capacities of OLED panel production lines in China [3]. - It includes statistics on the average operating rates of OLED production lines in mainland China for Q3 2025 [3]. - The article details the operating rates for rigid and flexible OLED panel production lines in Q3 2025 [3]. - It presents the market share statistics of various OLED manufacturers in Q3 2025 [3]. - Specific operating rate statistics for BOE, Visionox, Tianma, CSOT, EDO, and Huayi OLED panel production lines in Q3 2025 are included [3]. - The article concludes with a forecast for the operating rates of OLED panel manufacturers in mainland China for Q4 2025 [2][3].

Core Insights - Micro-LED technology is recognized as the "next generation micro-display technology" due to its high brightness, efficiency, and longevity, making it suitable for smart glasses, smartwatches, and automotive displays [1] - The commercialization of Micro-LED is accelerating as key technological breakthroughs, capacity enhancements, and cost reductions are being achieved [1] Industry Trends - The application boundaries of Micro-LED technology are rapidly expanding, with significant breakthroughs in various fields this year, indicating a move towards a "harvest moment" for the technology [1] - In the automotive display sector, Micro-LED technology is overcoming challenges such as color deviation at high temperatures, with adaptive headlights showcasing high resolution and improved safety for night driving [1] Product Developments - Smart glasses are the primary battlefield for Micro-LED applications, with notable products like the X3Pro glasses from Thunderbird Innovation featuring a peak brightness of 6000 nits and a 95% reduction in rainbow artifacts [2] - Garmin has also launched a smartwatch equipped with a Micro-LED display, contributing to the anticipated growth of the Micro-LED chip market, projected to reach $461 million by 2029 [2] Company Initiatives - Companies like BOE Technology Group and Tianma Microelectronics are making strategic advancements in Micro-LED technology, with BOE's manufacturing and testing base set to achieve mass production by March 2025 [3] - Thunderbird Innovation has successfully combined Micro-LED's high brightness and low power consumption with optical waveguide technology to produce full-color Micro-LED waveguide AR glasses [4] - Industry experts emphasize the need for companies to enhance R&D efforts and strengthen supply chain integration to maintain competitive advantages in the Micro-LED sector [4]

Core Viewpoint - The article discusses the third-quarter financial performance of six major companies in the display panel industry, highlighting their revenue growth, profit changes, and strategic developments. Company Summaries 京东方 (BOE Technology Group) - In Q3, BOE achieved revenue of 53.27 billion yuan, a year-on-year increase of 5.81%, and a net profit of 1.35 billion yuan, up 32.07% [2][3] - For the first three quarters, cumulative revenue reached 154.55 billion yuan, growing by 7.53%, with a net profit of 4.60 billion yuan, an increase of 39.03% [2][3] - The growth was attributed to expanded sales, increased government subsidies, and significant investment income from the disposal of long-term equity investments [2][4] TCL科技 (TCL Technology) - TCL reported Q3 revenue of 50.38 billion yuan, a 17.71% increase, and a net profit of 1.16 billion yuan, up 119.44% [5][6] - Cumulative revenue for the first three quarters was 135.94 billion yuan, a 10.50% increase, with a net profit of 3.05 billion yuan, growing by 99.75% [5][6] - The company noted improvements in the global panel market, with demand recovery and price stabilization, leading to increased production efficiency and profitability [7][8] 深天马 (Shenzhen Tianma) - In Q3, Shenzhen Tianma reported revenue of 9.19 billion yuan, a 13.19% increase, and a net profit of 107 million yuan [9][10] - Cumulative revenue for the first three quarters was 26.66 billion yuan, up 11.03%, with a net profit of 313 million yuan [9][10] - The company is investing in new equipment for its 6th generation OLED panel production line, which is expected to enhance production capacity and efficiency [11][12] 彩虹股份 (Rainbow Optoelectronics) - In Q3, Rainbow Optoelectronics achieved revenue of 2.98 billion yuan, a 1.51% increase, but reported a net loss of 72.29 million yuan [13][14] - For the first three quarters, revenue was 8.64 billion yuan, down 4.04%, with a net profit of 379 million yuan, a decrease of 62.49% [13][14] - The company is focusing on its glass substrate business and has divested 30% of its subsidiary, Rainbow Optoelectronics, to BOE to optimize its business structure [14] 友达光电 (AU Optronics) - AU Optronics reported Q3 revenue of 69.91 billion NTD (approximately 16.2 billion yuan), a 1% increase from Q2 but a 10.1% decrease from Q3 2024, with a net loss of 1.28 billion NTD (approximately 297 million yuan) [15][17] - The company noted that its overall revenue was affected by currency fluctuations and declining panel prices, but cumulative net profit for the first three quarters improved significantly compared to the previous year [17] 和辉光电 (HannStar Display) - In Q3, HannStar achieved revenue of 1.33 billion yuan, a 2.25% increase, but reported a net loss of 530 million yuan [18][20] - Cumulative revenue for the first three quarters was 4 billion yuan, up 8.25%, with a net loss of 1.37 billion yuan [18][20] - The company is focusing on improving production efficiency and has submitted an application for an H-share listing to enhance its international strategy and financing capabilities [20]

天马微电子股份有限公司 关于 2025 年前三季度计提减值损失的公告 证券代码：000050 证券简称：深天马 A 公告编号：2025-074 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、本次计提减值损失概况 根据《企业会计准则》及公司会计政策等相关规定，公司对截止 2025 年 9 月 30 日的应收账款、其他应收款、长期应收款、存货、固定资产等资产判断是 否存在可能发生减值的迹象，进行减值测试。经测试，2025 年 1-9 月公司冲回 信用减值损失 1,705 万元，其中应收账款冲回 1,777 万元、其他应收款计提 72 万元；计提资产减值损失 29,890 万元，其中存货计提 29,671 万元，固定资产计 提 219 万元。 2025 年 1-9 月减值损失情况如下： 单位：万元 | | 年初 | 本年计提信 | | 其他变动 | | 2025 年 9 | | --- | --- | --- | --- | --- | --- | --- | | 项目 | | 用/资产减 | | | | | | | 余额 | | 转销 | 核销 | 其他 | ...

证券代码：000050 证券简称：深天马A 公告编号：2025-072 天马微电子股份有限公司 第十一届董事会第二次会议决议公告 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。 特此公告。 天马微电子股份有限公司董事会 二、董事会会议审议情况 （一）审议通过《2025年第三季度报告》 表决情况为：12票同意，0票反对，0票弃权 该议案已经公司董事会审计与风险管理委员会审议通过。 具体内容请见公司同日在《证券时报》和巨潮资讯网上披露的 《2025年第三季度报告》。 第 1 页 共 2 页 三、备查文件 一、董事会会议召开情况 天马微电子股份有限公司第十一届董事会第二次会议通知于 2025年10月20日（星期一）以书面或邮件方式发出，会议于2025年10 月30日（星期四）以现场和通讯表决的方式召开。公司董事会成员12 人，实际行使表决权的董事12人，分别为：成为先生、李培寅先生、 邓江湖先生、郭高航先生、王磊先生、谢洁平女士、邵青先生、马振 锋先生、梁新清先生、耿怡女士、张红先生、童一杏女士。本次会议 的召集、召开和表决程序符合有关法律、法规和《公司章程》的规定 ...

天马微电子股份有限公司 2025 年第三季度报告 证券代码：000050 证券简称：深天马Ａ 公告编号：2025-073 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误 导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人成为先生、主管会计工作负责人卢彦宇先生及会计机构负责人(会计主管人员) 卢彦宇先生声明：保证季度报告中财务信息的真实、准确、完整。 3.第三季度财务会计报告是否经过审计 □是 否 天马微电子股份有限公司 2025 年第三季度报告 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。 1 天马微电子股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 增减 | | 同期增减 | | 营业收入（元） | 9,187,625,843.37 | ...

Core Viewpoint - Aolaide's subsidiary, Shanghai Shengxi Optoelectronics Technology Co., Ltd., has successfully won a bid for a 6th generation flexible AMOLED production line project from Xiamen Tianma Display Technology Co., Ltd., with a contract value of 93.79 million yuan [2][4]. Group 1: Company Developments - The successful bid will strengthen Aolaide's leading position in the 6th generation evaporation source market, enhancing its technological, customer, and market share advantages, which is expected to positively impact the company's performance in 2026 and 2027 [4]. - Xiamen Tianma Display is responsible for operating a 6th generation flexible AMOLED production line (TM18), with a total investment of approximately 48 billion yuan, targeting products for smartphones, smart wearables, and automotive displays [4]. Group 2: Industry Trends - Xiamen Tianma Display has been continuously procuring new equipment for its production line this year, including point/line evaporation sources and optical inspection equipment, indicating a focus on enhancing existing production capacity rather than establishing new lines [5]. - TCL Huaxing has initiated the construction of an 8.6 generation printed OLED production line, with a planned capacity of 22,500 sheets per month, to meet the growing market demand [5]. - TCL Technology's newly established printing equipment company, Guochuangke, has made progress with its G6 full-size display inkjet printing equipment, which is compatible with various substrate sizes and meets high-generation production needs [7].