Group 1: Financial Performance - The company achieved a revenue of 17.475 billion CNY in the first half of 2025, representing a year-on-year growth of 9.93% [3] - Non-consumer display business revenue accounted for over 50% of total revenue, contributing to an increase in overall profitability [3] - The gross profit margin improved by 4.52 percentage points year-on-year, with net profit attributable to shareholders increasing by 6.95 billion CNY [3] - Cash flow from operating activities increased by 48.44% year-on-year, and the debt-to-asset ratio decreased by 2.46 percentage points compared to the end of the previous year [3] Group 2: Business Development - The automotive display business saw a revenue growth of approximately 27% year-on-year, with sales to international leading automotive manufacturers increasing by over 70% [5] - The LTPS automotive business experienced a shipment increase of over 76% year-on-year, driven by demand for upgraded screen specifications [5] - The flexible AMOLED mobile display business improved profitability by over 50% year-on-year, supported by a stable pricing environment [7][8] Group 3: Strategic Initiatives - The management is focused on enhancing market value through various initiatives, including the release of an "Evaluation Enhancement Plan" and announcements regarding share repurchase [4] - The company is actively pursuing cost reduction strategies, achieving a decrease in cost-to-revenue ratio by approximately 5.4 percentage points year-on-year [3] - The company is advancing its Tandem technology, which reduces power consumption by 30% and extends the lifespan of devices to four times that of traditional single-layer devices [10] Group 4: New Product Lines and Innovations - The TM20 production line is accelerating capacity ramp-up and customer project integration, with significant growth in automotive and IT module product deliveries [12] - The company has successfully delivered small batches of Micro-LED standard products and achieved significant milestones in oxide product development [12] - The introduction of panel-level metamaterial smart antenna technology is expected to enhance signal transmission performance while maintaining low production costs [11]

Financial Performance - The company reported a total revenue of 17.475 billion yuan for the first half of 2025, an increase of 9.93% year-on-year [1] - The net profit attributable to shareholders reached 206 million yuan, showing a significant increase of 142.07% compared to the previous year [1] - The gross margin improved to 16.21%, reflecting a year-on-year increase of 37.5%, while the net margin turned positive at 1.0%, up 132.19% [1] - The company’s operating cash flow per share increased by 48.44% to 1.61 yuan [1] Cash Flow and Debt Management - The net cash flow from operating activities increased by 48.44%, attributed to higher cash receipts from sales [2] - The net cash flow from financing activities decreased by 177.78% due to increased cash outflows for debt repayment [2] - The company’s cash and cash equivalents saw a net decrease of 60.19%, primarily due to debt repayment [2] Business Model and Market Position - The company’s performance is heavily reliant on research and development, indicating a need for thorough analysis of the underlying drivers [2] - The flexible MOLED smartphone business is experiencing rapid growth, with the company ranking third globally in flexible MOLED smartphone shipments [5] - The company plans to enhance production capacity and reduce costs in the MOLED segment to improve profitability [5] Fund Holdings - The largest fund holding the company’s shares is the Huaxia CSI 500 Index Enhanced A, with a total holding of 5.6905 million shares [4] - Several funds have newly entered the top ten holdings of the company, indicating growing interest from institutional investors [4] Analyst Expectations - Analysts project the company’s performance for 2025 to reach a net profit of 312 million yuan, with an average earnings per share of 0.13 yuan [3]

Group 1 - Ride-hailing platforms including Didi and T3 have collectively announced a reduction in commission rates to protect driver rights, with Didi lowering its maximum commission from 29% to 27% by year-end [7] - Apple is facing a lawsuit from Apple against a former employee who allegedly stole trade secrets before joining OPPO, highlighting the intense competition in the wearable technology sector [5] - Honor has launched the Magic V Flip2, expanding its presence in the foldable smartphone market, where it holds a 7.6% market share, second only to Huawei [6] Group 2 - Alibaba has restructured its business segments on its official website, reflecting a strategic realignment of its resources amid changing market conditions, with a clearer distinction between core and non-core businesses [2] - Zhiyuan Robotics claims its cash flow can sustain operations for three years without revenue, indicating a significant investment in early-stage projects to build an industrial ecosystem [3] - TCL Electronics reported a 67.8% increase in net profit for the first half of 2025, driven by a strong performance in its television business, which saw a 20.4% revenue growth [14][15] Group 3 - Jinshan Office reported a 10.12% year-on-year increase in revenue for the first half of 2025, with AI monthly active users reaching 29.51 million, up from 19.68 million in 2024 [12] - Deep Tianma achieved profitability in the first half of 2025, with a revenue increase of 9.93% and a net profit of 206 million yuan, supported by a strong position in the small and medium-sized display panel market [17] - The gaming industry is witnessing a surge in interest with the release of the new game "Black Myth: Zhong Kui," which has quickly gained popularity on social media [8]

Core Insights - The company, Deep Tianma A, reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 17.475 billion yuan, up 9.93% year-on-year, and a net profit of 206 million yuan, up 142.07% year-on-year [1][3] - The company's gross margin improved significantly, with a year-on-year increase of 37.5%, and a net margin increase of 132.19% [1][3] - The company is focusing on its flexible MOLED smartphone business, which is experiencing rapid growth and is expected to continue improving profitability [5] Financial Performance - Total revenue for the first half of 2025 was 17.475 billion yuan, compared to 15.897 billion yuan in the same period of 2024, reflecting a 9.93% increase [1] - Net profit for the first half of 2025 was 206 million yuan, a significant turnaround from a loss of 489 million yuan in the previous year, marking a 142.07% increase [1] - The gross margin for the period was 16.21%, up 37.5% year-on-year, while the net margin reached 1.0%, up 132.19% [1] - Operating cash flow per share increased by 48.44% to 1.61 yuan [1][3] Cost and Debt Management - Total expenses (selling, administrative, and financial) amounted to 9.81 billion yuan, accounting for 5.61% of revenue, down 5.45% year-on-year [1] - The company reported a decrease in interest-bearing liabilities by 16.34%, totaling 30.598 billion yuan [1][3] - Cash and cash equivalents decreased by 35.85% to 4.71 billion yuan, primarily due to increased debt repayments [3] Market Position and Future Outlook - The company is ranked third globally in flexible MOLED smartphone shipments, with plans to enhance production capacity and optimize product structure [5] - The TM17 production line is expected to continue improving profitability, while the TM18 line is projected to increase output significantly [5] - Analysts predict the company's performance for 2025 to reach a net profit of 312 million yuan, with an average earnings per share of 0.13 yuan [3]

Core Insights - The company, Deep Tianma, reported a revenue of 17.475 billion yuan for the first half of 2025, representing a year-on-year increase of 9.93% [1] - The net profit attributable to the parent company reached 206 million yuan, an increase of 69.5 million yuan compared to the previous year [1] Revenue Structure and Business Performance - The revenue structure of the company has further optimized during the reporting period [1] - The company maintains a strong competitive advantage in the automotive display sector [1] - The professional display and LTPS smartphone display businesses continue to lead globally [1] - The AMOLED smartphone display business has seen growth in both scale and quality [1] - The IT display sector is steadily advancing with a comprehensive product layout and expansion into new business segments [1]

证券代码：000050 证券简称：深天马A 公告编号：2025-055 天马微电子股份有限公司 一、召开会议基本情况 1、股东大会届次：天马微电子股份有限公司 2025 年第四次临时 股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：公司第十届董事会第三十三次会 议审议通过了《关于召开 2025 年第四次临时股东大会的议案》。本 次股东大会会议召开符合有关法律、行政法规、部门规章、规范性文 件和《公司章程》的规定。 4、会议召开的日期、时间 （1）现场会议召开日期、时间：2025 年 9 月 16 日（星期二） 14:50 （2）网络投票日期、时间：2025 年 9 月 16 日。 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为： 2025 年 9 月 16 日 9:15－9:25、9:30－11:30、13:00－15:00； 关于召开 2025 年第四次临时股东大会的通知 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、误导性陈述或者重大遗漏。 通过深圳证券交易所互联网投票系统进行投票的具体时间为： 2025 年 9 月 16 日 9:15－15: ...

证券代码：000050 证券简称：深天马 A 公告编号：2025-052 天马微电子股份有限公司 第十届监事会第十九次会议决议公告 本公司及监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、监事会会议召开情况 天马微电子股份有限公司第十届监事会第十九次会议通知于2025 年8月11日（星期一）以书面或邮件方式发出，会议于2025年8月21日（星 期四）以现场和通讯表决的方式召开。公司监事会成员5人，实际行使 表决权的监事5人，分别为：汪名川先生、胡敏女士、林晓霞女士、刘 伟先生、陈丹女士。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，会议形成的决议合法有效。 二、监事会会议审议情况 （一）审议通过《2025年半年度财务报告》 表决情况为：5票同意，0票反对，0票弃权 第 1 页 共 3 页 监事会在全面了解和审核了公司2025年半年度报告后，对公司2025 年半年度报告出具了书面确认意见，监事会认为：董事会编制和审议天 马微电子股份有限公司2025年半年度报告的程序符合法律、行政法规、 中国证监会和深圳证券交易所的规定，报告内容真实、准确、 ...

证券代码：000050 证券简称：深天马A 公告编号：2025-051 天马微电子股份有限公司 第十届董事会第三十三次会议决议公告 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。 一、董事会会议召开情况 具体内容请见公司同日在巨潮资讯网上披露的《2025年半年度财 务报告》。 （二）审议通过《2025年半年度报告全文及其摘要》 表决情况为：12票同意，0票反对，0票弃权 第 1 页 共 21 页 该议案已经公司董事会审核委员会审议通过。 天马微电子股份有限公司第十届董事会第三十三次会议通知于 2025年8月11日（星期一）以书面或邮件方式发出，会议于2025年8 月21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、王波先生、 李培寅先生、邓江湖先生、郭高航先生、王磊先生、张小喜先生、邵 青先生、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， 会议形成的决议合法有效。 二、董事会会议审议情况 （一）审议通过《2025年半年度财务报 ...

天马微电子股份有限公司 信息披露管理制度 （2025 年 8 月修订） 第一章 总 则 可能产生较大影响或影响投资者决策的信息，以及其他相关法律法规和证券监管 部门要求披露的信息；本制度所称"披露"，是指信息披露义务人按法律、行政法 规、规范性文件等相关规定在深圳证券交易所网站和符合中国证券监督管理委员 会（以下简称"中国证监会"）规定条件的媒体上发布前述相关信息；本制度所称 "信息披露义务人"，是指公司及其董事、高级管理人员、股东、实际控制人，收 购人，重大资产重组、再融资、重大交易有关各方等自然人、单位及其相关人员， 破产管理人及其成员，以及法律、行政法规和中国证监会规定的其他承担信息披 露义务的主体。 第二章 信息披露的基本原则和一般规定 第 1 页 共 16 页 第三条 信息披露义务人应当及时依法履行信息披露义务，披露的信息应当 真实、准确、完整、简明清晰、通俗易懂，不得有虚假记载、误导性陈述或者重 大遗漏。 信息披露义务人披露的信息应当同时向所有投资者披露，不得提前向任何单 位和个人泄露，但是，法律、行政法规另有规定的除外。 在内幕信息依法披露前，内幕信息的知情人和非法获取内幕信息的人不得公 开或者 ...

General Principles - The purpose of the insider information management system is to regulate the management of insider information, enhance confidentiality, and maintain fairness in information disclosure according to relevant laws and regulations [1][2] - The board of directors is responsible for timely registration and submission of insider information personnel files, ensuring their authenticity and completeness, with the chairman being the primary responsible person [1][2] Scope of Insider Information and Insiders - Insider information refers to non-public information that significantly impacts the company's operations, finances, or stock market prices, including major events that could affect stock trading prices [2][3] - Insiders include company directors, senior management, and other personnel who can access insider information due to their roles or relationships with the company [3][4] Registration and Management of Insider Information - The company must fill out and maintain insider information personnel files, documenting the timeline and details of insider information access before public disclosure [4][5] - Major events such as significant asset restructuring, high ratio stock transfers, and changes in control must be reported to the Shenzhen Stock Exchange along with the insider information personnel files [5][6] Confidentiality and Accountability - Insiders have a confidentiality obligation and must not disclose insider information or use it for trading purposes before it is publicly disclosed [6][7] - The company must ensure that any provision of non-public information to insiders outside of major shareholders is preceded by a confidentiality agreement [8][9] Record Keeping and Reporting - Insider information personnel files and records of major events must be retained for at least ten years from the date of recording [9][10] - The company is required to conduct self-inspections of insider trading activities following the disclosure of major events and report any violations [10][11]