（编辑 任世碧） 证券日报网讯 2月3日，深天马A在互动平台回答投资者提问时表示，公司分红方案遵守规则的要求，综 合公司经营情况、未来发展规划等因素后作出。未来，公司将在具备分红条件的前提下结合公司的经营 发展规划，积极分红回报投资者。 ...

证券日报网讯2月3日，深天马A在互动平台回答投资者提问时表示，公司看好车载显示市场，将持续升 级LTPS技术、产品尺寸及模组集成度，提升高附加值占比以强化盈利能力。 ...

Core Insights - The new display industry is recognized as a key emerging pillar industry in China, showing strong innovation and resilience as it embarks on a new technological journey in the "14th Five-Year Plan" [1] - The integration of AI and display technology is creating new application scenarios and redefining human-computer interaction, which is seen as a new anchor point for global technological competition [2] - The industry is experiencing a recovery phase driven by improved supply and demand dynamics, technological advancements, and innovative applications [4][5] Group 1: Industry Developments - The Zhengzhou Huike new display base has achieved a daily delivery of over 10,000 display terminals and received orders for 380,000 units in January alone, with over 30% of products being exported [4] - TCL Technology expects its subsidiary TCL Huaxing to surpass 100 billion yuan in revenue and 8 billion yuan in net profit by 2025, indicating strong growth prospects [4] - BOE is experiencing increased TV product shipments due to demand from major sporting events, with a stable production rate and an expected ramp-up of its 8.6-generation AMOLED production line in the second half of the year [5] Group 2: Technological Innovations - The integration of AI with new display technologies is enhancing user interaction, with companies like BOE and TCL showcasing advanced features such as AI voice and gesture control at the 2026 International Consumer Electronics Show [2] - The smart glasses market is projected to see significant growth, with an expected shipment of 4.508 million units in 2026, reflecting a year-on-year increase of 77.7% [2] - Companies are focusing on high-value growth areas, with Changxin Technology successfully producing large-area dynamic X-ray imaging sensors, addressing a critical gap in high-end equipment manufacturing [7] Group 3: Market Trends and Future Outlook - The global display industry is gradually concentrating in China, with expectations of increased orders driven by events like the 2026 World Cup, indicating a warming demand in the industry [5] - The industry is transitioning from scale expansion to deeper value enhancement, emphasizing technological innovation and value chain improvement [7] - The next five years are expected to see a dynamic balance in global industry development, with OLED and other mainstream technologies showing clear growth trends [8]

天马微电子股份有限公司 关于回购公司股份的进展公告 证券代码：000050 证券简称：深天马A 公告编号：2026-005 以上具体内容请见公司分别于2025年4月16日、2025年7月3日、 2025年7月11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）、《2025年第二次 临时股东大会决议公告》（公告编号：2025-040）、《关于回购公司 股份的回购报告书》（公告编号：2025-044）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律 监管指引第9号——回购股份》（以下简称"《回购指引》"）等相 第 1 页 共 3 页 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"）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》， 同意公司以集中竞价交易方式回购部分公司股份，回购的股份将用 ...

数据显示，中邮基金旗下1只基金重仓深天马A。中邮中证500指数增强A（590007）四季度持有股数8.5 万股，占基金净值比例为1.4%，位居第十大重仓股。根据测算，今日浮亏损失约4.16万元。连续3天下 跌期间浮亏损失6.29万元。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 中邮中证500指数增强A（590007）成立日期2011年11月22日，最新规模4490.95万。今年以来收益 9.84%，同类排名1279/5580；近一年收益44.19%，同类排名1674/4286；成立以来收益149.85%。 责任编辑：小浪快报 2月2日，深天马A跌5.05%，截至发稿，报9.21元/股，成交3.96亿元，换手率1.72%，总市值226.36亿 元。深天马A股价已经连续3天下跌，区间累计跌幅7.09%。 中邮中证500指数增强A（590007）基金经理为王高。 资料显示，天马微电子股份有限公司位于广东省深圳市龙华区民治街道北站社区 ...

Investment Rating - The report maintains an "Outperform" rating for the LCD industry [2] Core Viewpoints - The LCD industry is experiencing a stabilization in capacity, with a concentration of market share expected due to the shutdown and sale of production lines by overseas manufacturers. This is anticipated to enhance the pricing power of LCD TV panel producers, leading to improved profitability [6] - The report highlights the growth potential of leading domestic panel manufacturers like BOE Technology Group, which is well-positioned to benefit from China's consumption upgrade and localization trends [6] Market Performance Review - From December 2025 to January 2026, the panel index increased by 11.55%, outperforming major indices such as the Shanghai Composite and Shenzhen Component by 5.76 percentage points and 2.53 percentage points, respectively [4] - As of January 20, 2026, the total market capitalization of the A-share panel industry was 604.92 billion yuan, with an overall price-to-book ratio of 1.71x, positioned at the 82.5 percentile of the past five years [4][12] Price & Cost Analysis - In January 2026, the prices of various sizes of LCD TV panels increased, with 32, 43, 50, 55, and 65-inch panels priced at $34, $61, $92, $115, and $163 respectively, reflecting increases of 3.0%, 1.7%, 1.1%, 0.9%, and 0.6% month-over-month [19] - Omdia forecasts further price increases for February 2026, with expected prices of $36, $63, $94, $117, and $165 for the same sizes, indicating month-over-month increases of 5.9%, 3.3%, 2.2%, 1.7%, and 1.2% [19] Supply & Demand Dynamics - In December 2025, the global shipment area for large-sized LCD panels grew by 8.82% year-over-year, with notable increases in shipments for TVs (8.74%), monitors (4.44%), notebooks (13.27%), and tablets (21.30%) [5][27] - The report anticipates a 2.31% increase in global large-sized LCD capacity area in 2024 compared to 2023, with a slight growth forecast for 2025 [5] Performance Review - The global revenue for large-sized LCD panels in December 2025 reached $6.423 billion, marking a month-over-month increase of 15.52% and a year-over-year increase of 4.71% [57] - The report notes that BOE, TCL, and Huike experienced varying revenue growth rates in December 2025, with BOE's revenue at $1.6 billion, reflecting a month-over-month increase of 8.11% [60]

业绩回暖核心得益于核心业务的稳健发力，公司车载和专业显示业务营收占比超五成，其中车载仪表、抬头显示等领域出货量稳居全球第一， 汽车电子及新能源车载业务持续成为增长引擎。 消费类显示领域虽面临竞争压力，但公司柔性AMOLED手机显示出货量保持国内第二、全球第三，旗舰产品出货提速，IT显示、运动健康显 示等业务也实现营收与盈利双增长。 深天马A表示，将持续聚焦显示主业高质量发展，强化技术创新与产品规格升级，精进柔性穿戴、中尺寸显示等多元应用布局，不断提升核心 竞争力与运营弹性，助力经营业绩持续优化。 1月30日，深天马A发布2025年度业绩预告，公司预计全年实现归属于上市公司股东的净利润1.5亿元-1.8亿元，同比上年亏损6.69亿元扭亏为 盈，增幅达122.44%-126.92%；扣非后净利润亏损收窄至5.6亿元-5.9亿元，较上年同期亏损22.24亿元大幅改善73.47%-74.82%，基本每股收益 0.06元-0.07元。 （校对/黄仁贵） ...

Core Viewpoint - The article discusses the completion of the acceptance report for the Micro-LED pilot line project by Tianma Microelectronics, highlighting its significance in advancing Micro-LED technology and production capabilities [1]. Group 1: Project Overview - Tianma Microelectronics announced an investment of 1.1 billion yuan to build a full-process Micro-LED pilot line, focusing on key technologies such as mass transfer, detection, repair, packaging, and splicing [2]. - The pilot line is designed to produce 36,000 panels annually and utilizes a fully laser-based manufacturing process with customized automated mass transfer and bonding equipment [2]. - The project is set to complete equipment installation and debugging by September 2024, with core equipment expected to enter trial operation by the end of March 2025 [2]. Group 2: Environmental and Operational Details - The environmental impact assessment (EIA) was completed in October 2023, with the project receiving approval from the Xiamen Ecological Environment Bureau [3]. - The pilot line will operate on a two-shift system, working 355 days a year, with an annual working hour total of 8,520 hours [3]. - The total investment for the project is approximately 1.088 billion yuan, with environmental investment accounting for 0.58% of the total [3]. Group 3: Product Launch and Market Expansion - In addition to the pilot line, Tianma plans to launch multiple Micro-LED products in 2025, including a 108-inch 4K Micro-LED screen, which features high brightness, contrast, and seamless splicing [4]. - The company showcased various Micro-LED automotive display products at the China International Import Expo in 2025, emphasizing their high brightness, resolution, and transparency [6]. - The completion of the pilot line is expected to further drive the application and industrialization of Micro-LED technology [6].

数据来源：中国汽车工业(摩托车)产销快讯，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 根据中国汽车工业(摩托车)产销快讯数据显示：2025年12月广州天马集团天马摩托车有限公司摩托车产 量为31105辆，同比增长48.06%，销量为34045辆，同比增长141.9%，产销率为109.45%，清仓2940辆； 2025年1-12月广州天马集团天马摩托车有限公司摩托车产量为295117辆，产量累计同比增长12.96%， 2025年1-12月广州天马集团天马摩托车有限公司销量为304485辆，销量累计同比增长23.86%。 近一年广州天马集团天马摩托车有限公司摩托车产销情况统计图 上市公司：钱江摩托（000913），信隆健康（002105），征和工业（003033），久祺股份（300994）， 林海股份（600099），上海凤凰（600679），中路股份（600818），力帆科技（601777 ...

资料显示，天马微电子股份有限公司位于广东省深圳市龙华区民治街道北站社区天马总部大厦，成立日 期1983年11月8日，上市日期1995年3月15日，公司主营业务涉及以智能手机、平板电脑为代表的移动智 能终端显示核心业务、车载显示关键业务和以医疗、工控为代表的增值业务。主营业务收入构成为：显 示屏及显示模组99.05%，其他0.95%。 从基金十大重仓股角度 数据显示，建信基金旗下1只基金重仓深天马A。建信中证500指数量化增强发起A（016267）四季度增 持24.44万股，持有股数32.42万股，占基金净值比例为1.21%，位居第四大重仓股。根据测算，今日浮 亏损失约16.53万元。 建信中证500指数量化增强发起A（016267）成立日期2022年12月23日，最新规模1.79亿。今年以来收益 11.49%，同类排名1062/5557；近一年收益48.34%，同类排名1521/4285；成立以来收益47.54%。 1月30日，深天马A跌5.04%，截至发稿，报9.61元/股，成交2.74亿元，换手率1.13%，总市值236.19亿 元。 截至发稿，叶乐天累计任职时间13年319天，现任基金资产总规模67.8 ...