Financial Performance - The company reported a profit distribution plan of not distributing cash dividends, not issuing bonus shares, and not increasing capital from reserves[5]. - The company's operating revenue for 2024 was CNY 33,494,295,787.75, representing a 3.79% increase from CNY 32,271,305,895.60 in 2023[20]. - The net profit attributable to shareholders improved to CNY -668,579,178.38 in 2024, an increase of CNY 1,429,009,270.20 compared to CNY -2,097,588,448.58 in 2023[22]. - The net cash flow from operating activities increased by 45.33% to CNY 5,751,856,931.54 in 2024, up from CNY 3,957,698,255.93 in 2023[22]. - The basic earnings per share improved to CNY -0.2720 in 2024, an increase of CNY 0.5815 from CNY -0.8535 in 2023[22]. - The company reported a quarterly operating revenue of CNY 9,480,273,066.66 in Q4 2024, the highest among the four quarters[28]. - The company experienced a significant reduction in net loss in Q3 2024, reporting a profit of CNY 16,773,706.97, compared to losses in other quarters[28]. - Non-operating income for 2024 included CNY 1,248,352,991.67 from government subsidies, which is closely related to the company's normal business operations[30]. - The electronic components industry accounted for 99.10% of total revenue, with a revenue of CNY 33,191,718,973.38, up 3.73% year-on-year[58]. - Domestic sales reached CNY 20,536,131,586.47, increasing by 10.05%, while overseas sales decreased by 4.79% to CNY 12,958,164,201.28[58]. - The gross profit margin for the electronic components industry was 13.13%, down 6.47% from the previous year[59]. - The company reported a significant increase in revenue, achieving a total of 10 billion RMB for the fiscal year, representing a 15% year-over-year growth[143]. Market Position and Strategy - The company ranks first globally in shipments for automotive TFT-LCD, automotive instrument displays, and LTPS smartphone displays, while maintaining third place in flexible AMOLED smartphone main screen shipments[37]. - The global small and medium-sized display industry is experiencing a positive development trend, driven by the proliferation of smart technology and generative AI, with AMOLED penetration rapidly increasing in smartphones and extending to IT, automotive, and industrial applications[34]. - The company is actively advancing the commercialization of Micro-LED technology and has established a full-process production line for Micro-LED displays[39]. - The company has achieved a balanced customer structure, covering major global automotive brands and expanding its presence in the new energy vehicle sector[43]. - The company is leveraging its extensive experience in the small and medium-sized display sector to drive high-quality growth and capitalize on market opportunities[36]. - The company anticipates continued growth in the smartphone display market, driven by 5G and generative AI technologies[94]. - The global smartphone display market is expected to show a steady increase, with AMOLED technology experiencing significant structural growth[95]. - The company aims to strengthen its core business in mobile and automotive displays while rapidly growing its IT display segment, positioning itself as a leader in the small to medium-sized display market[99]. - The company is exploring potential acquisitions in the semiconductor sector to bolster its technology portfolio[132]. Research and Development - The company has a strong focus on R&D, with a commitment to innovation and a significant increase in R&D investment to maintain product leadership[39]. - Research and development expenses rose by 6.00% to CNY 3,245,642,986.06, indicating a continued focus on innovation[65]. - The company's R&D investment amounted to ¥3,347,033,683.76 in 2024, a slight increase of 0.06% compared to ¥3,344,997,848.86 in 2023[72]. - R&D expenditure accounted for 9.99% of total revenue in 2024, down from 10.37% in 2023, a decrease of 0.38 percentage points[72]. - The company is developing new high-end diagnostic medical display technologies to enhance its market influence and competitiveness[72]. - The company is focused on expanding its market presence through new product developments and technological advancements, including lightweight panel-level smart antenna technology[72]. - The company is committed to increasing investment in forward-looking technology and product research and development to enhance the economic benefits of its R&D outcomes[106]. Risk Management - The company has detailed macroeconomic risks, market risks, technological risks, and intellectual property risks in the management discussion section[5]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[5]. - The company is enhancing its risk management capabilities to mitigate potential impacts on its business[103]. - The company is addressing market risks by strengthening partnerships with major clients and exploring new applications in emerging markets[104]. - The display industry is patent-intensive, and the company is focused on mitigating intellectual property risks by enhancing its core technology team's expertise and improving its patent layout strategy[106]. - The company has established a robust intellectual property management and protection mechanism to set up early warning systems for IP risks and strengthen its risk defense capabilities[106]. Corporate Governance and Investor Relations - The company has a structured governance framework in place, adhering to national laws and regulations[115]. - The company has reported on its operational independence and governance practices, ensuring transparency in information disclosure[115]. - The company actively engages in investor relations management to protect the legitimate rights and interests of investors[115]. - The company has conducted multiple investor meetings and research activities throughout 2024, indicating active engagement with the investment community[111]. - The company has established a comprehensive investor relations management system to ensure effective communication with investors[116]. - The board of directors is composed of qualified members who meet the necessary professional knowledge and skills requirements[117]. - The company has implemented a layered performance incentive system to enhance employee engagement and focus on operational results[118]. Environmental and Social Responsibility - The company aims for carbon neutrality and has published a "Carbon Neutrality White Paper" as part of its sustainability efforts[56]. - The company has implemented multiple energy-saving projects, including rooftop solar installations and efficiency improvements in cooling systems, effectively reducing carbon emissions[191]. - The company has established an emergency response plan for environmental incidents, which has been reviewed by experts and filed with local environmental authorities[189]. - The company has invested in pollution control facilities, including upgrades to waste gas treatment systems and online monitoring equipment for COD, ammonia nitrogen, and VOCs[186]. - The company actively participates in vocational education and has established school-enterprise cooperation projects in key poverty alleviation areas, providing quality internship platforms for local students[196]. - The company has organized charity sales of coffee to help Yunnan coffee farmers expand their sales channels, contributing to rural economic development[196]. Employee Management - The total number of employees at the end of the reporting period is 22,580, with 2,880 in the parent company and 19,700 in major subsidiaries[159]. - The workforce includes 11,727 production personnel, 592 sales personnel, 7,423 technical personnel, 155 financial personnel, and 2,683 administrative personnel[160]. - The company has implemented a differentiated compensation strategy linked to employee performance and capabilities, enhancing its attractiveness and competitiveness[161]. - The company has established a training program focusing on employee capability development, with specific initiatives for management and technical personnel[163]. - The company has optimized its internal lecturer management and launched the Tianma e-learning platform upgrade to enhance training effectiveness[164].

| 证券代码:000050 | 证券简称:深天马 A | 公告编号:2025-011 | | --- | --- | --- | | 债券代码:149835 | 债券简称:22天马 02 | | 天马微电子股份有限公司 2022 年面向专业投资者公开发行公司债券（第二期） (品种一) 兑付暨摘牌公告 本公司及董事会全体成员保证公告内容真实、准确和完整，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:22 天马 02 债券代码:149835 兑付日: 2025年 3 月 11 日 摘牌日:2025年3月 11日 计息期间:2024年3月11日至 2025年3月10日 天马微电子股份有限公司（以下简称"公司"、"发行人"）2022 年面向专业 投资者公开发行公司债券（第二期）( 品种一）将于 2025年 3 月 11 日支付自 2024 年 3 月 11 日至 2025 年 3 月 10 日期间的利息和本期债券的本金。为保证还本付息 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 2022 年面向专业投资 ...

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。 重要内容提示： 证券代码：000050 证券简称：深天马A 公告编号：2025-010 天马微电子股份有限公司 估值提升计划 1、自 2024 年 1 月 1 日至 2024 年 12 月 31 日，天马微电子股份有限公司（以 下简称"公司"）股票连续 12 个月每个交易日的收盘价均低于公司最近一个会计 年度经审计的每股归属于普通股股东的净资产（以下简称"每股净资产"），根据 《上市公司监管指引第 10 号——市值管理》的相关规定，属于应当制定估值提 升计划的情形。本估值提升计划已经公司第十届董事会第二十六次会议审议通过。 2、公司估值提升计划拟通过持续提升经营质效、提升信息披露质量、优化 投资者关系管理、推动控股股东增持及不减持、积极寻求并购重组机会等措施， 提升公司投资价值和股东回报能力，推动公司投资价值合理反映公司质量，增强 投资者信心、维护全体股东利益，促进公司高质量发展。 3、本估值提升计划仅为公司行动计划，不代表对公司股价、市值、未来业 绩、重大事项等任何指标或事项的承诺。公司业绩及公司股票在二级市场 ...

表决情况为：12票同意，0票反对，0票弃权 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《估 值提升计划》。 证券代码：000050 证券简称：深天马A 公告编号：2025-009 天马微电子股份有限公司 第十届董事会第二十六次会议决议公告 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 天马微电子股份有限公司第十届董事会第二十六次会议通知于 2025年2月21日（星期五）以书面或邮件方式发出，会议于2025年2月 28日（星期五）以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：彭旭辉先生、王波先生、李培寅先 生、邓江湖先生、郭高航先生、成为先生、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《估值提升计划》 天马微电子股份有限公司董事会 二〇二五年二月二十八日 第 2 页 共 2 页 三、备查文件 第 1 页 共 2 页 1、公司第十 ...

2025年面板行业竞争格局 范博毓 TrendForce集邦科技 研究副总经理 综观整体TFT-LCD产业的发展，陆系面板厂无论从产能面或是从出货规模来看，都已拥有高度主导权，过去 几年也透过按需生产的控产调节策略来逐步扭转亏损，运营渐渐走向正轨。进入2025年后整体产业仍有5大 关键点需要持续关注。 首先短期间面板厂的控产策略依然重要，未来则持续透过引导平均需求尺寸放大来达成供需自然平衡。再 者，产业已经整并至一个阶段，目前仍有少数潜在整并目标，如能持续整并，面板厂将可望持续拉高产业集 中度，继续扩大议价能力。 向上游观察国产零组件供应链情况，目前国内在数个主要部材如偏光板，背光模块等皆已取得主导权，驱动 IC也透过IC厂商，国内晶圆代工厂与封测厂的协力合作，逐渐拉高自制的比重，未来将在不同的零组件上持 续深化发展。 【TrendForce】 2025年2月26日、27日，TrendForce集邦咨询旗下LEDinside、WitsView将在金茂深圳 JW万豪酒店举办为期2天的2025集邦咨询新型显示产业研讨会（DTS 2025）。 研讨会首日主题为"微型和中小型显示专场"，会议上，来自显示面板、LED、 ...

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 年第一次临时股东大会 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，指派本所曾铁山律师、刘晓旭律师（以下简称"本 所律师"）出席公司 2025 年第一次临时股东大会（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》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。 本所律师同意将本法律意见书作为公司本次会议的必备文件予以公告，并 依法对本所出具的法律意见书承担责任。 本所律师根据有关法律法规的要求，按照律师行业公认的业务标准、道德 规范和勤勉尽责精神，对与出具本法律意见书有关的文件和以下事实进行了核 ...

证券代码：000050 证券简称：深天马 A 公告编号：2025-008 天马微电子股份有限公司 2025 年第一次临时股东大会决议公告 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。 2、网络投票时间：2025年2月26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2月26日9:15－9:25、9:30－11:30、13:00－15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025 年2月26日9:15－15:00。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1、现场会议召开日期和时间：2025年2月26日（星期三）14:50 3、股权登记日：2025年2月19日（星期三） 4、召开地点：深圳市龙华区民治街道北站社区天马总部大厦16 楼会议室 5、召开方式：现场投票与网络投票表决相结合 第 1 页 共 5 页 6、召集人：公司董事会 7、主持人：公司董事长彭旭辉先生 8、本次会议的召开符合《公司法》、《深 ...

Core Insights - The global smartphone panel shipment is expected to reach 2.157 billion units in 2024, marking an 11.4% year-on-year increase, driven by the growth in new smartphone sales and demand for second-hand and refurbished devices [1] - In 2025, smartphone panel shipments are projected to decline by 3.2% to 2.093 billion units due to stable new device demand and a slight decrease in second-hand market demand [1] Company Summaries - BOE remains the leading smartphone panel supplier, with shipments expected to reach 613 million units in 2024 and 630 million units in 2025, reflecting a 2.7% year-on-year increase [2] - Samsung Display is projected to ship 378 million units in 2024, benefiting from Apple's demand for high-end AMOLED panels, but is expected to see a slight decline to 365 million units in 2025, a decrease of 3.5% [3] - HKC is maintaining its position as the third-largest supplier, with shipments expected to grow from 228 million units in 2024 to 230 million units in 2025, a 0.7% increase [4] - CSOT is closely collaborating with Xiaomi, leading to a significant growth in shipments to 215 million units in 2024, an 83.2% increase, with a slight growth forecast to 223 million units in 2025 [5] - Tianma is expected to ship 158 million units in 2024, with a projected 10% increase in 2025 due to rising demand for AMOLED panels, despite facing challenges from declining LTPS LCD demand [7] Market Trends - The demand for AMOLED panels remains strong among smartphone brands, contributing to the overall increase in shipments across major panel manufacturers, a trend expected to continue into 2025 [7] - The market share of Taiwanese a-Si LCD manufacturers is gradually shrinking due to the rapid growth of HKC and CSOT, while Japanese manufacturers are exiting the smartphone supply market [7] - Korean manufacturers maintain a competitive edge in the high-end smartphone market with flexible AMOLED technology, holding a market share of approximately 20% to 21% in 2024, while Chinese manufacturers are rapidly expanding their market share to 69.8% in 2024, potentially exceeding 70% in 2025 [7]

2025年2月26日、27日，TrendForce集邦咨询在金茂深圳JW万豪酒店举办为期2天的2025集邦咨询新型 显示产业研讨会（DTS 2025）。 研讨会现场 会议伊始，TrendForce集邦咨询总经理樊晓莉发表致辞，她向所有参会嘉宾表示欢迎和感谢，并表达 了对自发光显示产业未来发展的美好祝愿。 研讨会首日主题为"微型和中小型显示专场"，会议上，来自显示面板、LED、Micro OLED、笔记本、 车用显示、显示器等多个显示领域的行业专家，以及集邦咨询分析师发表了精彩演讲，多方位分析微 型和中小型显示领域的未来，为现场观众呈现了丰富且深度的显示技术与产业动态内容，现场气氛活 跃。 随后，TrendForce集邦咨询分析师相继发表精彩演讲。以下为演讲嘉宾分享的主要内容： 主题演讲 PART. ✦✦✦ 2025年面板行业竞争格局 TrendForce集邦科技研究副总经理 范博毓 综观整体TFT-LCD产业的发展，陆系面板厂无论从产能面或是从出货规模来看，都已拥有高度主导权，过 去几年也通过按需生产的控产调节策略来逐步扭转亏损，运营渐渐走向正轨。进入2025年后整体产业仍有5 大关键点需要持续关注。 首先短 ...

证券代码:000050 债券代码:149801 证券简称:深天马A 债券简称:22 天马 01 公告编号:2025-007 天马微电子股份有限公司 党付暨摘牌公告 本公司及董事会全体成员保证公告内容真实、准确和完整。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:22 天马 01 债券代码:149801 债权登记日:2025年2月17日 最后交易日:2025年2月17日 兑付日:2025年2月18日 摘牌日:2025年2月18日 计息期间:2024年2月18日至2025年2月17日 2022 年面向专业投资者公开发行公司债券(第一期) 天马微电子股份有限公司(以下简称"公司"、"发行人")2022年面向专业 投资者公开发行公司债券(第一期)将于 2025年 2 月 18 日支付自 2024年 2 月 18 日至 2025年 2 月 17 日期间的利息和本期债券的本金。为保证还本付息工作的顺 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 2022 年面向专业投资者公开发行公 司债券(第一期) 3. 债券简称: ...