证券代码：000050 证券简称：深天马A 公告编号：2025-041 天马微电子股份有限公司 关于回购股份用于注销并减少注册资本暨通知债权人的公告 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、通知债权人的原因 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》。公司将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发行的人民币 普通股（A 股），拟用于回购的资金总额为不低于人民币1.5亿元且 不超过人民币2亿元。在回购股份价格不超过人民币12.43元/股的条 件下，按回购资金上限人民币2亿元测算，预计回购股份数量约为 16,090,104股，约占目前公司总股本的0.65%；按回购总金额下限人 民币1.5亿元测算，预计可回购股份数量约为12,067,579股，约占目 前公司总股本的0.49%。具体回购数量以回购期限届满时实际回购的 股份数量为准。 4、联系方式 上 ...

证券代码：000050 证券简称：深天马 A 公告编号：2025-040 天马微电子股份有限公司 2025 年第二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。 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7月2日（星期三）14:50 2、网络投票时间：2025年7月2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7月2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7月2日9:15－15:00。 3、股权登记日：2025年6月25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 6 页 6、召集人：公司董事会 7、主持人：公司董事长成为先生 8、本次会议的召开符合《公司法》、《深圳证券交易 ...

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 年第二次临时股东大会 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、杨锐律师（以下简称"本所 律师"）出席公司 2025 年第二次临时股东大会（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 ...

Company Overview - Tianma Microelectronics Co., Ltd. is a leading innovative technology enterprise providing customized display solutions globally, focusing on small and medium-sized displays [5][6] - The company has a registered capital of approximately RMB 2.46 billion and was established on November 8, 1983 [4][5] Financial Performance - For the fiscal year 2024, the company reported total revenue of RMB 3,349.43 million, representing a year-on-year increase of 3.79% from RMB 3,227.13 million in 2023 [7][8] - The total assets as of December 31, 2024, were RMB 8,123.52 million, showing a slight decrease of 0.90% compared to RMB 8,197.63 million in 2023 [7] - The total liabilities were RMB 5,206.21 million, down 1.74% from RMB 5,298.26 million in the previous year [7] Business Segments - The revenue structure for 2024 indicates that display screens and modules accounted for 99.10% of total revenue, amounting to RMB 3,319.17 million, while other revenues contributed 0.90% [6] - The company continues to strengthen its core businesses in mobile displays and automotive displays, while also expanding into IT displays and other value-added services [5][6] Market Position - In 2024, Tianma Microelectronics achieved the highest global shipment volume in several display application markets, including automotive TFT-LCD and HUD displays, as well as LTPS smartphone displays [6] - The company maintained a strong competitive position in flexible AMOLED smartphone displays, ranking third globally in shipment volume [6] Debt and Financing - The company has issued bonds totaling RMB 30 billion, with the first phase of the bond issuance completed in 2020 [3][4] - The bond "21 Tianma 01" has a fixed interest rate of 3.95% and is set to pay interest annually [3][4] Credit Rating - The company's credit rating is assessed as AAA with a stable outlook, indicating strong creditworthiness [4][14] Cash Flow - The net cash flow from operating activities for 2024 was RMB 575.19 million, an increase from RMB 395.77 million in 2023 [8][12] - The company reported a net cash outflow from investing activities of RMB 438.05 million, which is an improvement of 19.30% compared to the previous year [8][12] Debt Servicing - The company has successfully met its debt servicing obligations, with interest payments for "21 Tianma 01" made on time [11][12] - The company's liquidity ratios, including a current ratio of 0.88 and a quick ratio of 0.72, indicate a slight decline compared to the previous year [12]

证券简称： 深天马A 证券代码：000050 债券简称： 21天马01 债券代码：149537 天马微电子股份有限公司 公司债券受托管理事务报告 （2024 年度） 住所：深圳市龙华区民治街道北站社区留仙大道天马大厦 1918 债券受托管理人 住所：北京市丰台区西营街 8 号院 1 号楼 7 至 18 层 101 二〇二五年六月 | | 重要声明 2 | | --- | --- | | 第一章 | 公司债券概况 3 | | 第二章 | 受托管理人履职情况 5 | | 第三章 | 发行人 2024 年度经营和财务状况 6 | | 第四章 | 发行人募集资金使用及专项账户运作情况与核查情况 10 | | 第五章 | 内外部增信措施、偿债保障措施重大变化情况 12 | | 第六章 | 发行人偿债保障措施的执行情况以及公司债券的 本息偿付 | | | 情况 13 | | 第七章 | 发行人在募集说明书约定的其他义务的执行情况 14 | | 第八章 | 债券持有人会议召开情况 15 | | 第九章 | 发行人偿债能力和意愿分析 16 | | 第十章 | 与发行人偿债能力和增信措施有关的其他情况及受托管理 | | 人采取 ...

(2024 年度) 债券受托管理人 言证券股份有限公司 Securities Company Limited | 证券简称:深天马 A | | --- | | 债券简称:21 天马 02 | | 债券简称:22 天马 01 | | 债券简称:22 天马 02 | | 债券简称:22 天马 04 | | 债券简称:22 天马 05 | 证券代码:000050.SZ 债券代码:149741.SZ 债券代码: 149801.SZ 债券代码:149835.SZ 债券代码:149884.SZ 债券代码:149885.SZ 天马微电子股份有限 公司债券受托管理事务报告 (住所:广东省深圳市福田区中心三路 8号卓越时代广场(二期)北座) 二〇二五年六月 声明 中信证券股份有限公司（"中信证券"、"受托管理人"）编制本报告的内 容及信息均来源于天马微电子股份有限公司（以下简称"发行人"或"公司") 对外公布的《天马微电子股份有限公司 2024 年年度报告》等相关公开信息披露 文件、发行人提供的证明文件以及第三方中介机构出具的专业意见。本报告中的 "报告期"是指 2024 年 1 月 1 日至 2024 年 12 月 31 日 ...

证券代码：000050 证券简称：深天马A 公告编号：2025-039 关于回购股份事项前十名股东和前十名无限售条件股东持股情 况的公告 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"）于 2025 年 4 月 15 日召开第十 届董事会第二十八次会议，审议通过《关于回购公司股份方案的议案》，该议案 尚需提交公司 2025 年第二次临时股东大会审议。具体内容请见公司 2025 年 4 月 16 日在《证券时报》和巨潮资讯网上披露的《第十届董事会第二十八次会议决议 公告》（公告编号：2025-021）、《关于回购公司股份方案的公告》（公告编号： 2025-022）。本次回购公司股份方案将提交公司定于 2025 年 7 月 2 日召开的 2025 年第二次临时股东大会审议。 根据《深圳证券交易所上公司自律监管指引第 9 号——回购股份》等有关规 定，现将公司 2025 年第二次临时股东大会的股权登记日（即 2025 年 6 月 25 日） 登记在册的前十名股东和前十名无限售条件股东的名称及持股数量、比例情况公 告如下： | ...

6月20日，天马微电子宣布，公司为近期新上市的星纪元ET露营版、2026款零跑C16两款车型供 应车用显示屏。 具体来看，星纪元ET露营版配备了由天马微电子供应的10.25英寸全液晶仪表盘，而2026款零跑 C16则搭载了14.6英寸2.5K悬浮式中控屏与10.25英寸全液晶仪表盘的组合。 图片来源：EXEEO星途、零跑 值得一提的是，从今年年初以来，天马微电子已"认领"多款车载显示屏。 | 车型 | 产品 | | --- | --- | | 星纪元ET露营版 | 10.25英寸全液晶仪表 | | 2026款零跑C16 | 14.6英寸中控屏 + 10.25英寸全液晶仪表 | | 小鹏G7 | 15.6英寸悬浮中控屏 | | 广汽昊铂概念车("EARTH 大地" | OLED动态冷弯屏幕 | | 二代哈弗枭龙MAX | 12.3英寸全液晶仪表和14.6英寸中控屏 | | 2025款小鹏X9 | 集邦D splay10.25英寸仪表和17.3英寸中控 | | 2025款小鹏G6 | 15.6英寸中控屏 | 其中，2025款小鹏X9采用的10.25 英寸液晶仪表盘，分辨率为1920x720，画面显示清晰。在亮 度 ...

Group 1: OLED Mobile Display Business - The flexible AMOLED smartphone business is expected to maintain rapid growth in 2024, with the company ranking third globally in flexible AMOLED smartphone shipments [2][3] - In Q1 2025, the TM17 production line showed improved net profit year-on-year and quarter-on-quarter, indicating a continuous enhancement in profitability [3] - The company aims to further increase AMOLED product shipments, including high-spec products like foldable displays, while continuing to reduce costs [3] Group 2: Automotive Display Business - The company has been a leader in the automotive display sector for 30 years, achieving the highest global shipments of automotive TFT-LCD and instrument displays for five consecutive years since 2020 [4][5] - In 2024, the automotive business revenue grew by over 40%, with Q1 2025 showing continued strong growth [4] - The company plans to leverage existing LTPS and OLED production lines to enhance automotive display capabilities and introduce new production lines for advanced technologies [5] Group 3: Industry Trends and Market Outlook - The demand for automotive display products is expected to grow in 2025, driven by an increase in screen quantity and size, particularly in the domestic new energy vehicle market [6][7] - The company is focused on capturing opportunities in automotive electronics and new energy sectors to strengthen its competitive position [7] Group 4: Automotive Electronics Business - The automotive electronics business began mass deliveries to international leading car manufacturers in 2023, with accelerated growth expected in 2024 [8] - This segment is anticipated to become a new growth engine alongside the new energy vehicle business [8] Group 5: Profitability and Margin Trends - The gross margin for the automotive business showed a steady increase year-on-year in Q1 2025, despite facing competitive pressures and price challenges [9] - The company aims to enhance product complexity and integration to improve the value of automotive products and maintain stable gross margins [9] Group 6: IT Display Business Development - The IT display sector is a key growth area under the company's "2+1+N" strategy, with a focus on LTPS-LCD production lines [10] - The company plans to enhance its competitive edge in the IT market through diverse technology solutions and improved customer engagement [10] Group 7: Micro-LED Business Progress - The Micro-LED business is focusing on automotive and splicing display applications, with ongoing collaborations with leading industry players [12] - The Micro-LED production line is expected to achieve small batch capabilities by 2025 [12] Group 8: Depreciation Outlook - Depreciation in 2025 is expected to remain stable compared to 2024, with a gradual decline anticipated as new production lines reach maturity [13] Group 9: Market Value Management - The company has integrated market value management into its assessment system, focusing on enhancing shareholder value and investor confidence [14] - Initiatives include the release of valuation enhancement plans and share repurchase announcements [14] Group 10: 2025 Business Outlook - The company anticipates a strong start in 2025, with improved profitability and a focus on core business areas [15][16] - Plans include leveraging multiple technologies in mobile displays, enhancing automotive display capabilities, and expanding IT display offerings [15][16]

Core Insights - Flexible display technology is revolutionizing the display industry by enabling devices to be curved, folded, and rolled, breaking the traditional rigid display limitations [1][17] - The global flexible display market is projected to grow from $23.2 billion in 2024 to over $173 billion by 2031, driven by advancements in 5G, AI, and VR technologies [1][17] - The flexible OLED segment is expected to see significant growth, with global shipments estimated at approximately 617 million units in 2024, reflecting a year-on-year increase of 21.5% [21] Industry Overview - Flexible displays are made from soft materials and are characterized by low energy consumption, lightweight, durability, and shape variability [2][7] - The main types of flexible displays include bendable, foldable, rollable, and stretchable displays, with bendable and foldable displays already seeing large-scale applications in consumer electronics [2][4] Technology Landscape - The leading technology for flexible displays is flexible OLED, known for its high contrast, wide viewing angles, and rapid response times [4][6] - Other technologies include flexible LCD, electronic paper, quantum dot LEDs, and Micro-LEDs, with flexible OLED being the most widely adopted [4][6] Market Dynamics - The Asia-Pacific region dominates the flexible display market, accounting for over 65% of the global market share, with China, South Korea, and Japan as key contributors [17] - The flexible AMOLED market share in smartphones is expected to rise from 28% in 2022 to 40% in 2024, driven by the demand for high-end smartphone models [19][21] Competitive Landscape - Samsung is the leading global supplier of flexible OLED displays, while BOE Technology Group is the largest producer in China, having broken the international monopoly in 2017 [23] - Chinese companies like BOE, Visionox, Tianma, and TCL Huaxing have made significant technological advancements, enhancing their competitiveness and gradually reducing Samsung's market dominance [23]