（文章来源：证券日报） 证券日报网1月14日讯 ，深天马A在接受调研者提问时表示，公司聚焦显示主业，同时积极布局基于面 板工艺与TFT驱动技术的非显示应用技术开发，建立了MPG平台（多项目玻璃基板技术平台），稳步推 进与行业伙伴在面板级超材料智能天线、微流控、智能调光、大面积指纹识别、柔性传感器等领域开展 技术开发与合作，将面板制造技术赋能更广泛的应用领域。目前，公司相关业务主要还在孵化和培育 期，部分技术已经小批量，公司将持续探索市场需求和优化产品方案。 ...

这些"空中力量"的茁壮成长，离不开西安得天独厚的发展沃土，雄厚的航空产业积淀、浓郁的科技创新 氛围、顶尖的科研攻关实力、充足的专业人才储备，共同构成了低空经济发展的"孵化器"与"助推器"， 为西安低空经济的快速崛起提供了坚实保障。 政策赋能更添发展动力。近年来，西安市精准施策，先后出台多项行动方案，为低空经济发展保驾护 航，如《西安市现代流通战略支点城市建设方案》提出以各类低空飞行活动为牵引，积极发展相关领域 融合发展的综合性经济形态，催生培育低空经济关联设备，提升现代流通服务效能；《西安市促进未来 产业创新发展实施方案(2024—2027年)》中则提出打造未来产业应用场景，低空经济产业位列其中。 如今的西安，低空之上愈发繁忙：飞行培训、航空救援、空中搜索、森林灭火、农林喷洒、观光旅游等 各类活动有序开展，低空飞行应用场景不断丰富，低空经济热度持续攀升。 从实验室里的前沿探索，到千行百业的深度应用，从单一装备研发到全产业链协同发展，西安正深耕低 空领域，推动技术创新与产业融合双向发力，让低空经济成为带动区域经济转型升级的新增长极。 中新网西安1月14日电 (李一璠张一辰)中国自主研发的"天马-1000"无人运 ...

Group 1 - The core point of the news is that Shenzhen Tianma A shares increased by 5.12% to 10.47 CNY per share, with a trading volume of 329 million CNY and a turnover rate of 1.31%, resulting in a total market capitalization of 25.733 billion CNY [1] - Tianma Microelectronics Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on November 8, 1983, with its listing date on March 15, 1995. The company's main business involves display core businesses for mobile smart terminals like smartphones and tablets, as well as key businesses for automotive displays and value-added services in medical and industrial control sectors. The revenue composition is 99.05% from displays and display modules, and 0.95% from other sources [1] Group 2 - From the perspective of major fund holdings, data shows that one fund under China Europe Fund has a significant position in Shenzhen Tianma A. The China Europe Value Selection Mixed A Fund (021181) held 4.5854 million shares in the third quarter, accounting for 2.53% of the fund's net value, making it the largest holding. The estimated floating profit today is approximately 2.3386 million CNY [2] - The China Europe Value Selection Mixed A Fund (021181) was established on May 21, 2024, with a latest scale of 422 million CNY. Year-to-date return is 4.21%, ranking 3669 out of 8838 in its category; the one-year return is 37.94%, ranking 3657 out of 8089; and the return since inception is 46.82% [2]

Core Viewpoint - The company has shown significant growth in its automotive business, with a 24% year-on-year increase in sales for the first three quarters of 2025, driven by traditional automotive displays, automotive electronics, and domestic new energy sectors [1][3]. Group 1: Automotive Business - The automotive business sales increased by approximately 24% year-on-year in the first three quarters of 2025, with traditional automotive displays stable and growth in automotive electronics and new energy sectors [1][3]. - The gross margin for the automotive business has remained stable year-on-year, with expectations for continued growth despite competitive pressures [6]. - The company plans to enhance product value through improved technical solutions, increased LTPS technology penetration, and product size upgrades [1][6]. Group 2: Flexible OLED Business - The flexible OLED business has seen a significant improvement, with net profit from the TM17 production line increasing by over 30% year-on-year, and the launch of the first flexible wearable product [5]. - The TM18 production line is ramping up production of high-end flagship products, achieving coverage of major domestic brand flagship models [5]. Group 3: Non-Display Business - The company is focusing on non-display applications based on panel technology and TFT driving technology, establishing an MPG platform for developing technologies in areas like smart antennas and microfluidics [4]. - Current non-display business initiatives are in the incubation phase, with some technologies already in small-scale production [4]. Group 4: Micro-LED Business - The company has been developing Micro-LED technology since 2017, focusing on automotive and splicing display applications, with plans for small-scale production of standardized display modules in 2025 [6]. - The company has launched industry-leading Micro-LED products, including a 108-inch and a 135-inch 4K seamless splicing display, showcasing advancements in size, contrast, color range, and brightness [6]. Group 5: Future Planning and Strategy - The company adheres to a "2+1+N" strategy, focusing on mobile and automotive displays as core businesses, with IT displays as a key growth area and non-display applications as value-added businesses [2][9]. - Future projects include the construction of the 8.6-generation panel production line (TM19), new display module production line (TM20), and full-process Micro-LED production line, aimed at enhancing long-term competitiveness [2][9].

Core Viewpoint - The company expects a significant growth in its automotive business, projecting a year-on-year sales increase of approximately 24% for the first three quarters of 2025, driven by traditional vehicle segments and rapid growth in automotive electronics and domestic new energy sectors [1] Group 1 - The traditional vehicle segment is showing steady growth, contributing positively to overall sales [1] - The automotive electronics and domestic new energy businesses are experiencing rapid growth, indicating a shift in market demand [1] - The company remains optimistic about the future of the automotive display market and plans to actively seize growth opportunities and industry transformation trends [1] Group 2 - The company aims to continue focusing on growth points in automotive electronics and new energy sectors to drive sustained and healthy development of its automotive business [1]

21智讯1月14日电，深天马Ａ在投资者关系活动中表示，公司自2017年开始布局Micro-LED技术，重点 应用于车载显示和拼接显示领域。合资投建的Micro-LED产线已于2024年点亮，2025年实现标准化显示 单元模块小批量出货，并成功点亮首款车载标准产品。公司在2025年11月发布行业首款全激光巨量转移 技术的108寸4K无缝拼接Micro-LED大屏，同年12月进一步推出135寸4K+无缝拼接产品，在多项核心技 术指标上实现突破。 ...

证券代码：000050 证券简称：深天马 A 天马微电子股份有限公司 投资者关系活动记录表 的应用领域。目前，公司相关业务主要还在孵化和培育期，部分技术已经小 批量，公司将持续探索市场需求和优化产品方案。 3、公司柔性 OLED 业务的发展情况？ 答： 2025 年以来，行业柔性 OLED 手机显示产品需求端温和增长，供 给端竞争格局持续演进，相关产品市场价格阶段性承压。2025 年前三季度， 公司两条柔性产线均保持良好的运营： TM17 运营效率持续改善、产品结构优化和全维度降本的大力推进，前 三季度净利润同比改善超 30%，经营质效明显提升。同时，积极推进中尺寸、 穿戴领域的多元化拓展，2025 年实现了首款柔性穿戴量产出货，打开了新的 业务增长空间。 公司重要联营公司 TM18 产线持续爬坡，并着力强化高规格产品能力， 旗舰高端产品出货量持续攀升，已实现旗舰产品在国内头部品牌全覆盖，支 持多款旗舰机型首发，并积极推进行业新技术前瞻布局。 公司将持续在产线能力提升、全维度降本等方面下功夫，并在市场端持 续提升柔性 OLED 产品结构的高端化和在中尺寸、穿戴等领域的多元化拓展， 不断提升产品价值度，稳健应对 ...

天马-1000无人机首飞，可将1吨物资直送高原哨所 中新网1月13日电(钟新军)近日，中国兵器工业集团研制的天马-1000无人运输机试飞成功。据报道，这 是国产首个中低成本空运平台，也是国内首款适配高海拔复杂地形的大运量无人机。 据悉，天马-1000升限达8000米，最远航程1800公里，最大载重1吨。 而在平均海拔超4000米的广袤青藏高原，边防部队的物资也主要依托后方车辆运输，同样面临着高寒缺 氧、路况艰险等困难。 试想，如果改由天马-1000担负运输任务，不仅可降低事故风险，还能全天候出动，快速精准向一线戍 边官兵送去大量急需物资。 有分析称，青藏高原"远看成山，近看成川"，分布着大片广阔平坦的区域，很多地方稍加整饬就可供无 人机起降。 天马-1000无人机。图/央视新闻 孙智伟指出，天马-1000采用创新研制的实时位姿容错系统，可自主识别规避山体等障碍，规划安全飞 行路线，在强侧风、气流扰动等恶劣气象下也能保持飞行稳定。 项目总师孙智伟表示，该型无人机可朝发夕至，实现半日内将大量物资直送公路、铁路难以覆盖的区 域。 如果遇到自然灾害等特殊情况，天马-1000单架次出动，就能向灾区空投满足数日所需的食品 ...

Core Viewpoint - The "Tianma-1000" unmanned transport aircraft, developed by Xi'an Aisheng Technology Group, successfully completed its first flight test, showcasing its capabilities in complex terrain and emergency logistics [1][3]. Group 1: Aircraft Features - The "Tianma-1000" is the first domestic unmanned transport platform capable of adapting to high-altitude complex terrains, featuring ultra-short takeoff and landing capabilities, and dual-mode rapid switching for cargo transport and airdrop [1]. - It has a maximum altitude of 8000 meters and requires a takeoff distance of less than 200 meters, allowing it to operate safely on unpaved surfaces [1]. - The aircraft has a maximum range of 1800 kilometers and can carry a payload of 1 ton, equivalent to the weight of a standard sedan, meeting large-scale logistics needs [1]. Group 2: Technological Innovations - The "Tianma-1000" incorporates several core autonomous technologies, including intelligent route planning and obstacle avoidance systems, enabling it to navigate complex terrains and adverse weather conditions [2]. - It features a modular cargo bay design that allows for quick switching between functions such as cargo transport, airdrop, and communication relay, with an automated loading system that can handle ton-level materials in just 5 minutes [2]. Group 3: Market Potential and Applications - The introduction of the "Tianma-1000" addresses logistical challenges in remote areas, enabling rapid delivery of essential supplies to locations inaccessible by road or rail [3]. - It is expected to play a crucial role in disaster response and public health emergencies, providing a "green channel" for life-saving supplies [3]. - The drone transport industry in China has reached a scale of 505.95 billion yuan in 2023, with projections to grow to 1.5 trillion yuan by 2025, indicating significant market potential for the "Tianma-1000" in various applications [4].

新华社发 1月11日，由中国兵器工业集团西安爱生技术集团有限公司自主研发的"天马-1000"无人运输机顺利完成 首次飞行试验，各项飞行数据表现良好，首飞取得圆满成功。"天马-1000"集物流运输、应急救援、物 资投送等多功能于一体，好比空中"货拉拉"，是国内首款实现"高原复杂地形适配、超短距起降、货运/ 空投双模快速切换"的中空低成本运输平台。其升限达8000米，滑跑起降距离小于200米，最大航程1800 公里，最大载重1吨。这一机型还可通过模块化货舱快速切换，灵活转换为物资投送平台，适应多样化 任务需求。 ...