Core Insights - The domestic OLED screen market, which accounts for over 60% of the global flexible OLED smartphone screen market, is focusing on high-end development [2] - Tianma and OPPO have launched an eye-care OLED smartphone screen with a low brightness of 1 nit in dark environments, indicating a trend towards value competition in domestic OLED screens [2] - The collaboration aims to enhance the competitiveness of domestic OLED screens through industry chain synergy, with a focus on localizing OLED emitting materials [3] Group 1 - The technological trends for OLED smartphone screens include eye-care features, high refresh rates, and foldable designs [2] - Tianma's OLED screens can achieve a refresh rate of up to 240Hz, providing smoother visuals [2] - The foldable smartphone market is experiencing stable growth, and Tianma is ramping up production of flexible OLED screens for both left-right and up-down folding designs [2] Group 2 - Currently, 90% of flexible OLED screens are used in smartphones, but Tianma plans to expand applications to automotive and IT sectors, with flexible OLED automotive displays expected next year [4] - Major competitors like BOE, Visionox, and TCL Huaxing are also establishing 8.6-generation flexible OLED or printed OLED production lines to capture opportunities in mid-size displays [4] - According to Sigmaintell, global shipments of flexible OLED smartphone screens are projected to reach nearly 300 million units in the first half of 2025, with a year-on-year growth of approximately 5.2% [4]

Group 1 - Northrop Grumman's "Cygnus" cargo spacecraft successfully docked with the International Space Station, delivering approximately 5000 kilograms of scientific materials and supplies, marking the company's 23rd resupply mission for NASA [2] - The OPPO Find X9 series will feature displays exclusively supplied by Tianma, with pre-orders already initiated [2] - Jiangsu Province launched its largest user-side energy storage station, capable of storing 240 megawatt-hours, which can meet the daily electricity needs of about 25,000 households [2] - Horizon Robotics plans to release a new integrated cockpit chip in 2026, with mass production expected next year, representing a significant advancement in intelligent driving technology [2]

Core Viewpoint - Tianma Microelectronics officially launched its new high-end OLED technology brand "Tianma Tiangong Screen" on September 19, marking a significant milestone in its 42-year development and redefining high-end display standards with a focus on health experience [2][13]. Group 1: Brand and Technology Launch - The launch of the "Tianma Tiangong Screen" showcases Tianma's breakthrough in R&D and signifies the company's commitment to high-end product lines, contributing positively to China's display industry [2][5]. - Tianma aims to transition from a traditional "hardware manufacturer" to a "creator of sensory experiences," with the Tiangong Screen as a starting point for a comprehensive user experience system [6]. Group 2: Key Technological Features - The Tiangong Screen emphasizes "super eye protection," "extreme transparency," and "smooth high refresh rate" as its three core technological experiences [7]. - The eye protection feature includes four dimensions: flicker-free, 1nit brightness for eye comfort, reduced harmful blue light to 4.7%, and adaptive ambient light technology [8]. - The transparency aspect achieves a global peak brightness of 8000 nits and covers 95% of the BT.2020 color gamut, enhancing color accuracy and detail [9]. - The high refresh rate capability supports up to 165Hz in mass production and can extend to 240Hz, ensuring smooth operation for gaming and video users [10]. Group 3: Collaborations and Certifications - Tianma has established a joint laboratory with OPPO to collaborate on health display technology research and industry standard development [12][14]. - The Tiangong Screen received a "Visual Health Friendliness" certification from the China Quality Certification Center, confirming its innovative achievements in eye protection technology [12].

Core Insights - Tianma Microelectronics launched a new high-end OLED technology brand named "Tianma Tiangong Screen," showcasing its R&D breakthroughs and commitment to high-end product lines [1] - The global new display industry is stabilizing, with OLED expected to become the mainstream high-end display technology due to growth in foldable screens, automotive displays, and wearable devices [1] Company Summary - Tianma Microelectronics adheres to a "2+1+N" strategy, focusing on mobile and automotive displays as core areas, while IT displays serve as a growth engine, and expanding into industrial, medical, and non-display sectors [1] - The company has established a manufacturing network across multiple locations, including Shenzhen, Wuhan, Xiamen, and Chengdu, with a global industry layout exceeding 150 billion [1] - In the first half of 2025, Tianma Microelectronics reported revenue of 17.475 billion, a year-on-year increase of 9.93%, and a net profit of 206 million, marking a return to profitability [1]

Core Viewpoint - Tianma Microelectronics has launched a new high-end OLED technology brand called "Tianma Tiangong Screen," aiming to transform from a traditional hardware manufacturer to a creator of sensory experiences [1] Group 1: Product Features - The Tianma Tiangong Screen focuses on three key high-end experiences: Super Eye Protection, Extreme Transparency, and Smooth High Refresh Rate [4] - Super Eye Protection is designed to address user issues like dry eyes and visual fatigue, featuring no flicker, 1 nit brightness for eye comfort, low blue light, and adaptive ambient light [4] - Extreme Transparency aims for a "what you see is what you get" display, achieving a global peak brightness of 2500 nits and a maximum brightness of 8000 nits, with 95% coverage of the BT.2020 color gamut [4] - The Smooth High Refresh Rate supports a production capability of 165Hz and can be expanded to 240Hz, with adaptive refresh rate technology to reduce power consumption [4] Group 2: Industry Recognition - The technology behind the Tianma Tiangong Screen has received recognition from various experts, emphasizing the importance of human-centered improvements in screen technology [5] - The China Quality Certification Center awarded the "Visual Health Friendly" certification to Tianma Tiangong Screen, acknowledging its innovative achievements in eye protection technology [5][7] Group 3: Strategic Partnerships - OPPO announced it will globally debut the 1 nit eye protection screen in its next flagship Find X9 series, and a joint laboratory has been established with Tianma to collaborate on health display technology and industry standards [6][7]

Core Viewpoint - Tianma Microelectronics officially launched its high-end OLED technology brand "Tiangong Screen" on September 19 in Xiamen, highlighting its advancements in eye protection, display quality, and high refresh rates [2][5]. Group 1: Technology Highlights - The Tiangong Screen features a "super eye protection" core with four main characteristics: flicker-free, low blue light (4.7% harmful blue light), 1nit eye protection, and adaptive ambient light [5]. - In terms of display quality, the Tiangong Screen achieves a global peak brightness of 2500 nits and a maximum peak brightness of 8000 nits, with a color gamut covering 95% of BT.2020, providing realistic color reproduction [5]. - The screen utilizes a self-developed "Windmill" pixel structure to enhance detail display precision, resulting in sharper text edges and clearer dynamic images [5]. Group 2: Refresh Rate and Collaboration - The mass production capability of the Tiangong Screen supports a refresh rate of 165Hz, with research and development capabilities extending to 240Hz; it also features LTPO 3.0 technology for adaptive refresh rates to optimize smoothness and reduce power consumption [6]. - OPPO's Vice President Liu Chang announced that the OPPO Find X9 smartphone will be the first to feature the Tiangong Screen, following a deep collaboration between OPPO and Tianma to create a dedicated high-spec screen production line [6]. - Tianma and OPPO have established a joint laboratory to collaborate on health display technology research and industry standard formulation [6].

Core Viewpoint - Tianma Microelectronics launched its high-end OLED technology brand "Tiangong Screen," aiming to redefine high-end display standards with a focus on "super eye protection, extreme transparency, and smooth high refresh rates" [1] Group 1: Product Features - "Tiangong Screen" incorporates multiple eye protection technologies, including flicker-free, 1 nit eye protection, low blue light, and adaptive ambient light [1] - The display features a peak brightness of 8000 nits and 95% BT.2020 wide color gamut coverage, utilizing a self-developed "windmill pixel" structure to enhance detail performance [1] - It supports a maximum refresh rate of 165Hz for mass production and 240Hz in research and development, with LTPO 3.0 for dynamic adjustment to reduce power consumption [1] Group 2: Industry Impact - The launch signifies an important step for Chinese display companies into the high-end market, supported by a complete independent OLED intellectual property system and innovation platform established by Tianma [1] - The partnership with OPPO, which will feature the "Tiangong Screen" in its next flagship Find X9 series, highlights the collaboration in advancing health display technology research and standard formulation [1] - The "Tiangong Screen" received a "Visual Health Friendliness" certification from the China Quality Certification Center, recognizing its innovations in eye protection technology [2]

Core Viewpoint - OPPO is set to launch the Find X9 series smartphone featuring the world's first "1nit" eye-care display, developed in collaboration with Tianma, showcasing advanced screen technology and manufacturing capabilities [2][3]. Group 1: Product Features - The Find X9 series will utilize a custom screen from Tianma, built on OPPO's exclusive high-spec screen production line, alongside self-developed scientific production lines [2]. - The "明眸护眼屏" (Eye-Care Display) incorporates low-brightness high-precision circuits, new eye-care materials, and a new Display P3 chip, achieving full-scene true 1nit brightness, high-frequency PWM dimming, and a peak brightness of 3600nit [3]. - The development of this display took three years and involved significant costs, marking it as the most sincere eye-care screen in the Find X series [4]. Group 2: Comparison with Previous Models - The previous generation, Find X8/X8s, also featured screens supplied by Tianma, while the Find X8 Pro/X8 Ultra utilized BOE screens. The Find X8s had a 6.3-inch 1.5K flat display with 460 PPI, peak brightness of 1600nit, and support for 1.7 billion colors and adaptive refresh rates [6].

Group 1 - The company, Deep Tianma, announced that its 11th first board meeting was held on September 16, 2025, through on-site and remote voting [1] - The meeting reviewed the proposal for electing the chairman of the 11th board of directors among other documents [1] - For the first half of 2025, the company's revenue composition was 99.05% from the electronic device manufacturing industry and 0.95% from other businesses [1] Group 2 - As of the report, Deep Tianma's market capitalization is 23.9 billion yuan [1]

法律意见书 广东华商律师事务所 关于天马微电子股份有限公司 2025 年第四次临时股东大会 法律意见书 致：天马微电子股份有限公司 广东华商律师事务所（以下简称"本所"）接受天马微电子股份有限公司 （以下简称"公司"）的委托，指派本所杨锐律师、刘晓旭律师（以下简称"本所 律师"）出席公司 2025 年第四次临时股东大会（以下简称"本次会议"或"本次股 东大会"）。本所律师依据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）等法律、法规和规范性 法律文件以及《天马微电子股份有限公司章程》（以下简称《公司章程》）的规 定，出具本法律意见书。 本法律意见书仅对本次会议召集和召开的程序、出席本次会议的人员资格 及表决程序是否符合相关法律事项和公司章程的规定以及本次会议审议议案的 表决结果是否有效进行核查并发表意见，并不对本次会议所审议的议案内容以 及该等议案所涉及的事实或数据的真实性和准确性发表意见。 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办 法》和《律师事务所证券法律业务执业规则》等规定及本法律意见书出具日以 前已经发生或者存在的事实， ...