债券代码：149537.SZ 债券简称：21天马01 中国银河证券股份有限公司关于 天马微电子股份有限公司董事长、总经理 变更的临时受托管理事务报告 债券受托管理人 声 明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业 行为准则》及《天马微电子股份有限公司2019年面向合格投资者公开发行公司 债券债券受托管理协议》（以下简称"《债券受托管理协议》"）等相关文 件，以及天马微电子股份有限公司（以下简称"发行人"或"公司"）披露的 相关公告，由"天马微电子股份有限公司2021年面向合格投资者公开发行公司 债券（第一期）（以下简称"21天马01"）"的债券受托管理人中国银河证券 股份有限公司（以下简称"中国银河证券"）编制。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相 关事宜作出独立判断，而不应将本报告中的任何内容据以作为中国银河证券所 作的承诺或声明。 根据天马微电子股份有限公司于 2025 年 6 月 13 日披露的《天马微电子股 份有限公司关于公司董事长、总经理离任暨选举董事长的公告》《天马微电子 股份有限公司第十届董事会第三十一次会议决议公告》，发行人董事长、总经 ...

中国银河证券股份有限公司关于 天马微电子股份有限公司董事长、总经理 变更的临时受托管理事务报告 债券受托管理人 1 1/5 1/5 2/5 债券代码：149537.SZ 债券简称：21天马01 根据天马微电子股份有限公司于 2025 年 6 月 13 日披露的《天马微电子股 份有限公司关于公司董事长、总经理离任暨选举董事长的公告》《天马微电子 股份有限公司第十届董事会第三十一次会议决议公告》，发行人董事长、总经 理发生变更，具体情况如下： （一）董事长离任情况 发行人董事会于近日收到彭旭辉先生的书面辞职报告。彭旭辉先生因工作 调整原因申请辞去公司第十届董事会董事、董事长职务以及董事会战略与可持 续发展委员会委员、董事会风险管理委员会委员职务，辞职后将不在公司及其 子公司担任任何职务。彭旭辉先生原定的任期到期日为 2025 年 7 月 7 日。根据 《公司章程》等有关规定，彭旭辉先生辞职不会导致公司董事会成员人数低于 声 明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业 行为准则》及《天马微电子股份有限公司2019年面向合格投资者公开发行公司 债券债券受托管理协议》（以下简称"《债券受托管理 ...

| 证券代码: | 000050 | 证券简称: 深天马 A | | --- | --- | --- | | 债券代码: | 149741 | 债券简称: 21 天马 02 | | 债券代码: | 149885 | 债券简称: 22 天马 05 | 中信证券股份有限公司 关于天马微电子股份有限公司董事长、总经理变更之 临时受托管理事务报告 债券受托管理人 (1) 中信证券股份有限公司 CITIC Securities Company Limited 二〇二五年六月 l 声明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行 为准则》《天马微电子股份有限公司 2021 年面向专业投资者公开发行公司债券 受托管理协议》(以下简称《受托管理协议》)等相关规定、公开信息披露文件、 天马微电子股份有限公司（以下简称"公司"或"发行人"）出具的相关公告文 件以及提供的相关资料等,由本次公司债券受托管理人中信证券股份有限公司 (以下简称"中信证券"）编制。 (二) 总经理离任情况 发行人董事会于近日收到成为先生的书面辞职报告。成为先生因工作调整原 因申请辞去公司总经理职务,辞职后仍在公司担任公司第十届董事 ...

Core Viewpoint - The mobile display panel market continues to show structural differentiation, with a-Si panels benefiting from stable demand in the mid-to-low-end market, LTPS panels driven by automotive display applications, and flexible AMOLED panels experiencing a slight decline in demand due to adjustments in terminal brand procurement rhythms [2][3][4]. Group 1: a-Si Panels - The demand for a-Si panels remains strong, driven by the "6.18" mid-year promotional stocking needs, leading to full-capacity operation of main production lines [4]. - After a brief price increase due to supply-demand tightness in the South China market, prices have stabilized, and module prices for brand customers remain steady [4]. Group 2: LTPS Panels - LTPS panels are benefiting from rapid growth in the automotive display market, with major manufacturers like BOE and Tianma maintaining full production capacity, expected to continue until the end of 2025 [4]. - However, in the smartphone sector, the trend of mid-to-high-end models shifting towards AMOLED has resulted in weaker demand for LTPS panels, keeping prices at low and stable levels [4]. Group 3: AMOLED Panels - As domestic smartphone manufacturers accelerate their shift to flexible AMOLED, demand for rigid AMOLED is contracting. Samsung Display has implemented price cuts to stimulate demand, but market feedback has been lukewarm, limiting the effectiveness of these price reductions [4]. - Some flexible AMOLED production lines have slightly reduced from full capacity, with expectations of minor price adjustments in June to maintain operational levels. However, a stable price floor will be upheld, and with the traditional peak season approaching in Q3, production rates are expected to rebound, with potential slight price increases for certain scarce specifications [4][5]. Group 4: Price Forecast - CINNO Research predicts that a-Si panel prices will remain stable in June and July 2025, while LTPS panel prices are expected to stay stable in the short term. Rigid AMOLED panel prices are also anticipated to remain stable, with flexible AMOLED panel prices expected to stabilize after a slight decline in June [5].

证券代码：000050 证券简称：深天马A 公告编号：2025-038 天马微电子股份有限公司 关于控股股东变更名称并完成工商变更登记的公告 成立日期：1997年06月20日 法定代表人：李斌 住所：深圳市福田区华强北街道华航社区华富路1018号中航中心 3901 上述变更事项不涉及控股股东对公司的持股变动，不涉及公司控 股股东及实际控制人变更，对公司经营活动不构成影响。 特此公告。 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"）于近日收到控股 股东通知，其已完成公司名称变更的工商变更登记手续，并取得了由 深圳市市场监督管理局颁发的《营业执照》，变更后的《营业执照》 主要内容如下： 名称：深天科技控股（深圳）有限公司 统一社会信用代码：91440300279351229A 类型：有限责任公司（国有控股） 天马微电子股份有限公司董事会 二〇二五年六月十四日 ...

Core Viewpoint - The article discusses recent developments regarding Tianma Microelectronics, focusing on its supply of display solutions for Xiaopeng Motors and a new OLED equipment contract with AP Systems. Group 1: Supply to Xiaopeng Motors - Tianma Microelectronics supplies display solutions for Xiaopeng's G7 model, featuring a 15.6-inch central control screen with a resolution of 2.5K and LTPS display technology [2][4] - The 2025 G6 model also includes a 15.6-inch central control screen with similar specifications, enhancing user experience through anti-glare features [4] - For the 2025 Xiaopeng X9, Tianma provides a 10.25-inch instrument screen and a 17.3-inch central control screen, with the latter achieving a 3K resolution and high color fidelity [5] Group 2: OLED Equipment Contract - Tianma's subsidiary, Xiamen Tianma, signed an OLED equipment supply contract with AP Systems, with delivery scheduled between June 9, 2025, and May 20, 2026 [6][8] - The contract stipulates that 90% of the payment will be made via letter of credit upon equipment arrival, with the remaining 10% paid after final inspection [8] - The TM18 project, which focuses on the production of curved and foldable displays, has a total investment of 48 billion yuan and covers an area of approximately 1,500 acres [9][11]

Core Viewpoint - The article discusses recent developments regarding Tianma Microelectronics, focusing on its supply of display solutions for Xiaopeng Motors and a new OLED equipment contract with AP Systems. Group 1: Supply to Xiaopeng Motors - Tianma Microelectronics supplies display solutions for Xiaopeng Motors, including a 15.6-inch central control screen for the Xiaopeng G7, featuring a 2.5K resolution and LTPS display technology [2][4] - The 2025 Xiaopeng G6 also utilizes a 15.6-inch central control screen from Tianma, enhancing user experience with anti-glare features and improved color performance [4] - For the 2025 Xiaopeng X9, Tianma provides a 10.25-inch instrument screen and a 17.3-inch central control screen, with the latter achieving a 3K resolution and a maximum brightness of 700 nits [5] Group 2: OLED Equipment Contract - AP Systems has signed a contract with Xiamen Tianma Display Technology for OLED equipment supply, with delivery scheduled between June 9, 2025, and May 20, 2026 [6][8] - The contract stipulates that 90% of the payment will be made via letter of credit upon equipment arrival, with the remaining 10% paid after final inspection [6][8] - Xiamen Tianma, a subsidiary of Tianma Microelectronics, is responsible for the TM18 project, which involves a total investment of 48 billion yuan and focuses on curved and foldable displays for smartphones and wearable devices [7][9]

Core Viewpoint - The company is undergoing significant management changes with the resignation of key executives, which may impact its strategic direction and operational stability [1][2]. Group 1: Resignation of Executives - Mr. Peng Xuhui has resigned from his positions as Chairman and Board Member due to work adjustments, effective immediately upon submission of his resignation [1]. - Mr. Cheng Wei has also resigned from his role as General Manager but will continue to serve as a Board Member and on various committees, with his resignation effective immediately as well [2]. Group 2: Shareholding and Compliance - Mr. Peng Xuhui holds 7,800 shares in the company and has no outstanding public commitments [1]. - Mr. Cheng Wei holds 7,700 shares and similarly has no outstanding public commitments [2][4]. Group 3: Management Transition - The company will promptly complete the election of new board members and the appointment of a new General Manager following these resignations [1][2].

Group 1 - The company announced the resignation of its chairman, Peng Xuhui, due to work adjustments, and he will not hold any positions in the company or its subsidiaries after his resignation [1] - The board of directors elected a new chairman, Cheng Wei, who is 44 years old and has a background in chemical engineering, with extensive experience in various roles within the company [2][4] - This marks the second executive resignation in a short period, following the departure of the company's chief legal counsel, Zheng Chunyang, due to retirement [4] Group 2 - The company reported a revenue of approximately 33.5 billion yuan for 2024, a year-on-year increase of 3.79%, and a net loss of about 670 million yuan, which is an improvement of 1.42 billion yuan compared to the previous year [4] - The company has maintained a competitive advantage in various display fields, including automotive, professional displays, and LTPS smartphones, with significant growth in AMOLED smartphones and LTPS IT products [5][6] - In the first quarter of 2025, the company achieved a revenue of 8.31 billion yuan, a year-on-year increase of 7.25%, and turned a profit with a net income of approximately 96.41 million yuan [7]

彭旭辉先生因工作调整原因申请辞去公司第十届董事会董事、董事长职务以及董事会战略与可持续 发展委员会委员、董事会风险管理委员会委员职务，辞职后将不在公司及其子公司担任任何职务。 彭旭辉先生原定的任期到期日为2025年7月7日。 根据《公司章程》等有关规定，彭旭辉先生辞职不会导致公司董事会成员人数低于法定最低人数， 其辞职报告自送达公司董事会之日起生效。 【集邦Display整理】 6月12日，天马微电子发布公告称，公司 董事会于近日收到彭旭辉先生的书 面辞职报告。 截至该公告披露日，彭旭辉先生持有公司股份7,800股，不存在未履行完毕的公开承诺。彭旭辉先 生辞职后将继续遵守相关法律法规有关股份转让的限制性规定。彭旭辉先生已按照公司相关规定完 成工作交接，该辞职事项不会影响公司董事会正常运作。公司将尽快按照相关规定完成董事的补选 工作。 同日，天马微电子 召开第十届董事会第三十一次会议，审议通过《关于选举公司董事长的议 案》。 董事会同意选举成为先生为公司董事长 （简历附后），任期至第十届董事会届满。根据 《公司章程》规定：董事长为公司的法定代表人。因此，天马微电子法定代表人变更为成为先生。 资料显示，成为，男， ...