证券代码：000050 证券简称：深天马 A 天马微电子股份有限公司 投资者关系活动记录表 编号：2024-012 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动类别 □新闻发布会 □路演活动 □现场参观 其他 机构策略会 上市公司参与人员：陈冰峡 外部参与人员：华泰证券、富国基金、银华基金、国泰基金、盛石资本、才 参与人员单位及姓名 华资本、丹羿投资、上海复星高科技（集团）有限公司、中信证券、中信自 营、国投瑞银基金、磐耀资产、上汽颀臻、Red Gate Asset 时间 2024年6月4日（周二）— 2024年6月5日（周三） 地点 华泰证券策略会举办地（上海）、中信证券策略会举办地（上海） 形式 策略会举办地现场交流 主要交流内容如下： ...

Financial Performance - Q1 2024 revenue reached 7.75 billion yuan, a year-on-year increase of 0.54% [2] - Net profit attributable to shareholders was -300 million yuan, with a year-on-year improvement of 362 million yuan [2] - Excluding the impact of depreciation from the Wuhan OLED production line, non-GAAP net profit showed significant improvement compared to Q1 2023 [2] Business Segments - Automotive display revenue increased by over 40% year-on-year and over 10% quarter-on-quarter in Q1 2024 [2] - LTPS technology automotive display shipments grew by over 200% year-on-year [2] - AMOLED flexible smartphone display revenue increased by over 16% year-on-year and over 10% quarter-on-quarter in Q1 2024 [3] Production and Capacity - TM17 and TM18 AMOLED flexible production lines maintained good utilization rates in Q1 2024 [3] - TM19 production line is expected to be lit soon and gradually enter trial production [4] - TM20 production line achieved first product lighting in December 2023 and is currently undergoing product sampling and trial production [4] - Micro-LED production line achieved first equipment move-in at the end of 2023 and is expected to be lit soon [4] Market and Strategy - The company has achieved full coverage of domestic mainstream brand customers in the AMOLED flexible smartphone display field [3] - The company aims to increase shipments and the proportion of high-end products, targeting more flagship projects from brand customers [3] - The company is closely monitoring the market for 8.x generation AMOLED production lines, focusing on mid-sized IT products such as tablets and laptops [3]

Group 1: Financial Performance - In Q1 2024, the company achieved revenue of approximately 7.75 billion CNY, a year-on-year increase of 0.54% [2] - The net profit attributable to shareholders was approximately -300 million CNY, with a year-on-year improvement of about 362 million CNY [2] - Excluding the impact of depreciation from the Wuhan OLED production line, the net profit after deducting non-recurring gains and losses showed significant improvement compared to Q1 2023 [2] Group 2: Business Segments Performance - The automotive display business saw revenue growth of over 40% year-on-year and over 10% quarter-on-quarter in Q1 2024 [3] - The TM17 flexible AMOLED mobile display segment experienced a revenue increase of over 16% year-on-year and over 10% quarter-on-quarter [3] - The company expects continued rapid growth in flexible AMOLED mobile product shipments in 2024 [3] Group 3: Strategic Development - The company plans to accelerate the development of LTPS technology in the automotive sector, positioning it as a core strategic business [4] - New production lines TM19 and TM20 are progressing well, with TM19 expected to start trial production soon and TM20 having already achieved its first product lighting [4] - The IT display segment is identified as a key growth area, with ongoing efforts to expand into mid-to-high-end tablet and laptop markets [4]

证券研究报告 | 公司动态点评 2024 年 05 月 22 日 深天马 A（000050.SZ） Q1 盈利同比大幅改善，关注 Micro LED 产能释放节奏 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|--------|---------|--------|--------|--------|------------------------------------------|-----------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（上调评级） | | | 营业收入（百万元） | 31,447 | 32,271 | 34,198 | 37,089 | 41,000 | | | | 增长率 yoy （ % ） | -6.9 | 2.6 | 6.0 | 8.5 | 10.5 | 股票信息 | | | 归母净利润（百万元） | 112 | -2,098 | -510 | 335 | 750 | ...

证券代码：000050 证券简称：深天马 A 天马微电子股份有限公司 投资者关系活动记录表 编号：2024-008 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动类别 □新闻发布会 □路演活动 □现场参观 □其他(cid:13) 上市公司参与人员： 陈丹、谭蒙 参与人员单位及姓名 外部参与人员：刚睿资本 时间 2024年5月14日（周二）10：00-10：40 地点 线上 形式 线上调研 1、 请介绍公司的战略规划。 答：公司坚持“2+1+N”发展战略，将手机显示、车载显示作为核心业 务【2】，将 IT 显示作为快速增长的关键业务【1】，将工业品、横向细分市 ...

证券代码：000050 证券简称：深天马 A 天马微电子股份有限公司 投资者关系活动记录表 编号：2024-007 □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动类别 □新闻发布会 □路演活动 □现场参观 其他 券商策略会 上市公司参与人员： 陈冰峡、陈丹、洪正阳、谭蒙 外部参与人员： 申万宏源证券、中泰证券、国信证券、拾贝投资、山东同 硕投资、中信期货、兴证全球基金、方正富邦、汇丰晋信、中信证券、南方 参与人员单位及姓名 基金、中欧瑞博、前海开源基金、源乘投资、建信理财、复霈资产、北大方 正人寿资管、天风证券、西藏信托、嘉实基金、博时基金、东兴基金、中邮 基金 时间 2023年5月7日至2024年5月10日 中泰证券策略会举办地（上海）、国信证券策略会举办地（上海）、东北证券 策略会举办地（上海）、长江证券策略会举办地（成都）、中信证券策略会举 ...

证券代码：000050 证券简称：深天马 A 公告编号：2024-027 天马微电子股份有限公司 关于向特定对象发行股票批复到期失效的公告 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。 天马微电子股份有限公司（以下简称"公司"）于2023年5月19日 收到中国证券监督管理委员会出具的《关于同意天马微电子股份有限公 司向特定对象发行股票注册的批复》（证监许可〔2023〕1074号）（以 下简称"批复"），同意公司向特定对象发行股票的注册申请，批复自 同意注册之日（2023年5月12日）起12个月内有效。 公司在取得批复后一直积极推进本次向特定对象发行股票的各项 工作，由于发行时机等多方面原因，公司未能在批复的有效期内实施本 次向特定对象发行股票事宜，该批复到期自动失效。 本次向特定对象发行股票的批复到期失效，不会对公司的生产经营 活动产生重大影响，敬请广大投资者注意投资风险。 特此公告。 天马微电子股份有限公司董事会 二〇二四年五月十一日 第 1 页 共 1 页 ...

证券代码：000050 证券简称：深天马 A 公告编号：2024-024 一、审议通过《2024年第一季度报告》 表决情况为：5票同意，0票反对，0票弃权 天马微电子股份有限公司 第十届监事会第十三次会议决议公告 本公司及监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。 天马微电子股份有限公司第十届监事会第十三次会议通知于2024 年4月16日（星期二）以书面或邮件方式发出，会议于2024年4月26日（星 期五）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、焦燕女士、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。会议审议并通 过如下决议： 二、审议通过《关于会计政策变更的议案》 表决情况为：5票同意，0票反对，0票弃权 监事会认为，公司本次根据财政部发布的相关规定对公司会计政策 进行了相应变更，符合会计准则的有关规定。本次公司会计政策变更的 决策程序符合有关法律、法规和《公司章程》的规定，不存在损害公司 及全体股东、特别是中小股东利益的情形， ...

Revenue and Profit - Revenue for the reporting period was RMB 7,749,582,291.55, a slight increase of 0.54% compared to the same period last year[4] - Total revenue for Q1 2024 was 7,749,582,291.55 RMB, a slight increase from 7,708,229,972.16 RMB in the same period last year[21] - Net profit attributable to shareholders of the listed company was RMB -300,747,165.23, an improvement of RMB 361,520,311.09 compared to the same period last year[4] - Net loss attributable to the parent company was -300,747,165.23 RMB, compared to -662,267,476.32 RMB in the previous year[22] - Operating loss for Q1 2024 was -300,253,843.75 RMB, an improvement from -707,161,563.11 RMB in Q1 2023[21] - Total comprehensive loss for Q1 2024 was -333,157,875.84 RMB, compared to -689,225,653.01 RMB in Q1 2023[22] - Basic and diluted earnings per share were -0.1224 RMB, an improvement from -0.2695 RMB in Q1 2023[22] Cash Flow - Operating cash flow increased significantly by 250.92% to RMB 1,616,329,341.29[5] - Net cash flow from operating activities increased by 250.92% to 1,616,329,341.29 yuan, mainly due to increased cash received from sales of goods and services[11] - Operating cash flow increased to 1,616,329,341.29, up from 460,593,868.59 in the previous period[23] - Cash received from sales of goods and services increased to 9,139,267,784.80 RMB, up from 8,369,558,061.60 RMB in the previous year[22] - Cash received from other operating activities increased by 488.13% to 1,387,891,521.17 yuan, mainly due to increased cash flow from agency sales and procurement businesses[11] - Cash paid for other operating activities increased by 375.50% to 1,058,392,848.99 yuan, primarily due to increased cash flow for agency sales and procurement businesses[11] - Cash received from disposal of fixed assets, intangible assets, and other long-term assets decreased by 71.92% to 47,167,646.38 yuan, mainly due to reduced cash received from asset disposals[11] - Cash received from other investing activities decreased by 89.31% to 479,672.00 yuan, primarily due to reduced interest received from investment-related activities[11] - Cash received from investments increased by 100.00% to 287,500,000.00 yuan, mainly due to increased investments from minority shareholders[11] - Cash paid for other financing activities decreased by 48.87% to 95,708,949.87 yuan, primarily due to reduced payments for intangible assets purchased in installments[11] - Net cash flow from financing activities was 675,678,660.19, compared to 861,709,479.54 in the previous period[24] - Cash and cash equivalents at the end of the period were 9,148,731,468.85, up from 8,889,667,248.93[24] - Cash received from tax refunds was 337,940,778.83, slightly down from 357,810,366.37[23] - Cash paid for employee compensation was 1,141,116,192.97, up from 1,109,345,395.83[23] - Cash outflow for investment activities was 1,405,949,331.26, down from 1,547,967,428.87[23] - Cash received from disposal of fixed assets was 47,167,646.38, down from 167,969,434.24[23] - Cash received from investments was 287,500,000.00, up from 143,750,000.00[23] - Cash paid for taxes was 99,617,931.87, down from 101,644,959.67[23] - Net increase in cash and cash equivalents was 933,391,981.19, compared to a decrease of 89,993,234.06 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were RMB 82,249,232,595.01, a slight increase of 0.33% compared to the end of the previous year[5] - Total assets increased to 82.249 billion yuan from 81.976 billion yuan at the beginning of the period[18][19] - Cash and cash equivalents rose to 9.219 billion yuan from 8.287 billion yuan[18] - Accounts receivable decreased to 7.633 billion yuan from 7.806 billion yuan[18] - Inventory increased to 3.843 billion yuan from 3.666 billion yuan[18] - Fixed assets decreased to 44.847 billion yuan from 46.032 billion yuan[19] - Construction in progress increased to 4.327 billion yuan from 3.981 billion yuan[19] - Long-term equity investments grew to 5.547 billion yuan from 4.992 billion yuan[19] - Accounts payable increased to 7.101 billion yuan from 6.970 billion yuan[19] - Employee compensation payable decreased to 462.985 million yuan from 585.404 million yuan[19] - Other payables decreased to 3.396 billion yuan from 3.677 billion yuan[19] - Total liabilities increased to 53,300,539,461.12 RMB, up from 52,982,577,473.58 RMB in the previous quarter[20] - Long-term borrowings rose to 23,094,103,368.13 RMB, compared to 21,316,390,218.29 RMB in the previous quarter[20] - Total equity decreased slightly to 28,948,693,133.89 RMB, down from 28,993,739,835.64 RMB in the previous quarter[20] - Equity attributable to shareholders of the listed company decreased by 1.18% to RMB 27,630,205,776.60[5] Non-Recurring Items and Impairments - Non-recurring gains and losses amounted to RMB 262,029,428.11, mainly due to government subsidies of RMB 241,018,167.44[6] - Asset impairment losses increased by RMB 28,661,054.24, mainly due to increased inventory write-downs[9] - Minority interest losses decreased significantly by 1,047.27%, mainly due to reduced profits of non-wholly owned subsidiaries[9] Shareholders and Equity - The total number of ordinary shareholders at the end of the reporting period was 72,331, including margin trading accounts[12] - Xiamen Jincai Industrial Development Co., Ltd. holds the largest share of 15.85% with 389,610,040 shares[12] R&D and Expenses - R&D expenses increased to 751,969,948.15 RMB in Q1 2024, up from 728,034,587.13 RMB in Q1 2023[21] Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents increased by 36,471,433.04 yuan, mainly due to changes in foreign currency funds and exchange rate fluctuations[11] Long-Term Receivables and Payables - Long-term receivables decreased by 31.49% due to a reduction in procurement deposits[8] - Long-term payables decreased by 33.00% due to reduced payments for intangible assets purchased in installments[9]