证券代码：000829 证券简称：天音控股 公告编号：2025-044 号 天音通信控股股份有限公司 关于召开 2025 年第二次临时股东大会的通知 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、召开会议的基本情况 1、股东大会届次：2025 年第二次临时股东大会 2、股东大会召集人：公司董事会 3、会议召开的合法、合规性：董事会召集、召开本次股东大会符合《公司 法》《证券法》《深圳证券交易所股票上市规则》等有关法律、行政法规、部门 规章、规范性文件以及《公司章程》的规定。 4、会议召开的日期和时间： 现场会议召开时间：2025 年 8 月 20 日（星期三）下午 13：30 二、会议审议事项 | 提案编码 | 提案名称 | 备注 | | --- | --- | --- | | | | 该列打勾的栏 | | | | 目可以投票 | | 100 | 总议案：除累积投票提案外的所有提案 | √ | | 非累积投票提案 | | | | 1.00 | 《关于延长公司 2023 年度向特定对象发行 A 股股票股东大会决议有效期的议案》 | √ | | 2.00 | ...

一、关于延长公司 2023 年度向特定对象发行 A 股股票股东大会决议有效期的审核意见 公司本次延长公司 2023 年度向特定对象发行 A 股股票股东大会决议有效期符合《公司 法》《证券法》和《上市公司证券发行注册管理办法》等法律法规和规范性文件的规定，不 存在损害公司及中小股东利益的情形。 二、关于提请股东大会延长授权董事会全权办理 2023 年度向特定对象发行股票相关事 宜有效期的审核意见 公司本次提请股东大会延长授权董事会全权办理 2023 年度向特定对象发行股票相关事 宜有效期符合《公司法》《证券法》和《上市公司证券发行注册管理办法》等法律法规和规 范性文件的规定，不存在损害公司及中小股东利益的情形。 天音通信控股股份有限公司监事会 关于延长公司 2023 年度向特定对象发行 A 股股票股东大会决议有效 期及相关授权有效期的书面审核意见 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券 法》（以下简称"《证券法》"）、《上市公司证券发行注册管理办法》、《深圳证券交易 所股票上市规则》（以下简称"《上市规则》"）等法律、法规和规范性文件及《天音通信 控股股份有限公司章程》（以 ...

证券简称：天音控股 证券代码：000829 公告编号：2025-042 号 一、审议通过《关于延长公司 2023 年度向特定对象发行 A 股股票股东大会 决议有效期的议案》 公司已分别于 2023 年 8 月 8 日、2023 年 8 月 23 日召开了第九届董事会第 二十次会议、2023 年第四次临时股东大会会议，审议通过《关于公司 2023 年度 向特定对象发行 A 股股票方案的议案》《关于提请股东大会授权董事会全权办 理 2023 年度向特定对象发行股票相关事宜的议案》等相关议案，公司 2023 年度 向特定对象发行股票股东大会有效期及股东大会授权董事会办理相关事宜的有 效期为自公司 2023 年第四次临时股东大会审议通过之日起 12 个月。 2024年8月6日，公司召开第九届董事会第二十八次会议，审议通过《关于 延长公司2023年度向特定对象发行A股股票股东大会决议有效期的议案》《关 于提请股东大会延长授权董事会全权办理2023年度向特定对象发行股票相关事 宜有效期的议案》，将该股东大会决议有效期自原有期限延长12个月，即延长 至2025年8月22日，将股东大会授权董事会全权办理本次发行相关事宜有效期 ...

证券简称：天音控股 证券代码：000829 公告编号：2025-041 号 天音通信控股股份有限公司 第九届董事会第三十九次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 关联董事黄绍文、王新利、王汉华进行了回避表决。 表决结果：6票同意，0票反对，0票弃权。 本议案已经公司2025年第三次独立董事专门会议审议通过。 本议案尚需提交公司股东大会审议。 二、审议通过《关于提请股东大会延长授权董事会全权办理 2023 年度向特 定对象发行股票相关事宜有效期的议案》 天音通信控股股份有限公司（以下简称"公司"）第九届董事会第三十九次会 议于 2025 年 8 月 4 日以通讯方式召开。会议通知于 2025 年 7 月 30 日以邮件方 式发送至全体董事。应出席会议的董事 9 人，实际出席会议的董事 9 人。公司同 时将会议审议事项内容告知公司监事及高管人员。本次会议的通知、召开以及参 会董事人数均符合《公司法》和《公司章程》的有关规定，本次会议审议通过了 如下议案： 一、审议通过《关于延长公司 2023 年度向特定对象发行 A 股股票股东大会 决议有效 ...

证券之星消息，7月31日专业连锁板块较上一交易日下跌2.06%，爱婴室领跌。当日上证指数报收于 3573.21，下跌1.18%。深证成指报收于11009.77，下跌1.73%。专业连锁板块个股涨跌见下表： 从资金流向上来看，当日专业连锁板块主力资金净流出2.0亿元，游资资金净流入4682.17万元，散户资金 净流入1.53亿元。专业连锁板块个股资金流向见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300622 博士眼镜 | | 1282.50万 | 4.86% | -1219.20万 | -4.62% | -63.29万 | -0.24% | | 000829 天音控股 | | 970.88万 | 4.96% | 121.12万 | 0.62% | -1091.99万 | -5.58% | | 300022 吉峰科技 | | -31.01万 | -0.25% | 797.26万 | 6.50% | - ...

Group 1: Macro Policy Insights - The Central Political Bureau meeting on July 30 emphasized the need for continuous and stable macro policies to support high-quality development in the context of the 15th Five-Year Plan preparation [1][20][22] - The meeting highlighted the importance of domestic demand as a key driver, with the introduction of a parenting subsidy program amounting to approximately 90 billion yuan, marking a significant direct cash subsidy to the public [1][21] - The meeting also indicated a shift in focus towards urban renewal as a new policy goal, alongside enhancing the attractiveness and inclusivity of the domestic capital market [1][22] Group 2: Credit Market Analysis - The credit market is expected to experience a stable supply in the second half of the year, with favorable liquidity conditions supporting the bond market [2][24][25] - There is a discussion around the potential risks of credit spread compression, with a focus on the need for liquidity management and position adjustments [2][25] - The credit market has shown resilience, with limited widening of credit spreads despite recent market adjustments, suggesting a cautious outlook for the third quarter [2][25] Group 3: Chemical Industry Developments - Recent policies aimed at addressing "involution" in the chemical industry include stricter cost regulation and adjustments to pricing mechanisms, indicating a shift towards more sustainable competition [3][28] - The analysis of various sub-sectors within the chemical industry suggests that those with high concentration and significant losses are more likely to be targeted for policy interventions [3][28][29] - Key sub-sectors identified for potential breakthroughs include soda ash, polyurethane, and organic silicon, which meet multiple criteria for policy focus [3][29] Group 4: Food and Beverage Sector Insights - The recent listing of Jiyuan Group, a leading supplier of HMB raw materials, highlights the growth potential in the muscle health market, driven by increasing demand from aging populations [30][31] - The company is projected to achieve a revenue growth of 12.3% in 2024, with a significant portion of its income derived from overseas markets [30][31] - The focus on innovative nutritional products positions the company well within the expanding sports nutrition and joint health segments [30][33]

证券之星消息，7月30日专业连锁板块较上一交易日上涨1.12%，爱婴室领涨。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。专业连锁板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日专业连锁板块主力资金净流出1.14亿元，游资资金净流出1537.8万元，散户资金 净流入1.29亿元。专业连锁板块个股资金流向见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002416 | 爰施德 | 3591.67万 | 6.73% | -638.60万 | -1.20% | -2953.07万 | -5.53% | | 000829 | 天音控股 | 12.27万 | 0.09% | -240.34万 | -1.69% | 228.07万 | 1.60 ...

Market Overview - On July 29, the professional chain sector increased by 0.64% compared to the previous trading day, with Aiying Room leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Stock Performance - Aiying Room (603214) closed at 20.74, with a rise of 2.62% and a trading volume of 403,500 shares, amounting to a transaction value of 877 million yuan [1] - Kid King (301078) closed at 13.69, up 2.24%, with a trading volume of 2,556,800 shares [1] - Aishide (002416) closed at 12.34, up 1.15%, with a trading volume of 264,600 shares [1] - Tianyin Holdings (000829) remained unchanged at 10.27, with a trading volume of 147,000 shares [1] - Huazhi Wine (300755) closed at 18.80, down 0.90%, with a trading volume of 86,100 shares [1] - Jifeng Technology (300022) closed at 8.37, down 0.95%, with a trading volume of 200,800 shares [1] - Doctor's Glasses (300622) closed at 33.78, down 2.06%, with a trading volume of 108,600 shares [1] Fund Flow Analysis - The professional chain sector experienced a net outflow of 1.069 billion yuan from institutional investors, while retail investors saw a net inflow of 759 million yuan [1] - The detailed fund flow for individual stocks shows that: - Huazhi Wine had a net inflow of 2.99 million yuan from institutional investors, but a net outflow of 7.66 million yuan from speculative funds [2] - Aishide experienced a net outflow of 5.39 million yuan from institutional investors, with a net inflow of 5.76 million yuan from speculative funds [2] - Tianyin Holdings had a net outflow of 12.15 million yuan from institutional investors, with a net inflow of 3.25 million yuan from speculative funds [2] - Jifeng Technology saw a net outflow of 24.12 million yuan from institutional investors, with a net inflow of 6.40 million yuan from speculative funds [2] - Doctor's Glasses had a significant net outflow of 56.60 million yuan from institutional investors, while retail investors contributed a net inflow of 78.18 million yuan [2] - Aiying Room faced a net outflow of 104 million yuan from institutional investors, with a net inflow of 87.44 million yuan from retail investors [2] - Kid King had a net outflow of 870 million yuan from institutional investors, with a substantial net inflow of 307 million yuan from speculative funds [2]

Core Viewpoint - Tianyin Holdings (000829.SZ) expects a significant decline in its 2025 semi-annual performance, forecasting revenue between 43 billion to 47 billion yuan, a year-on-year decrease of 7.94% to 15.77%, and a net profit loss of 50 million to 65 million yuan, a staggering drop of 611.44% to 764.87% [1] Group 1: Financial Performance - The company's core business, which accounts for over 80% of revenue, is the distribution of communication products, which has been adversely affected by a weak market sales environment [1] - The anticipated revenue decline is attributed to reduced sales income and declining gross margins in the communication product distribution business due to sluggish consumer demand for electronic products [1] - The overall gross margin of Tianyin Holdings has been hovering between 2% and 3%, with the first quarter of this year recorded at 2.66% [2] Group 2: Strategic Initiatives - In response to short-term performance pressure, Tianyin Holdings is accelerating its strategic transformation, including the launch of AI-driven customer service and operational data analysis through its subsidiary Nengliang E-commerce [2] - The company is also developing its brand "Yixiu Ge," which focuses on mobile phone recycling, second-hand sales, and new device guidance, aiming to create a new retail system with an integrated service and sales model [2] - Multiple institutions maintain a cautiously optimistic outlook for the consumer electronics market, with predictions of a 34% global AI smartphone penetration rate by 2025 and over 50% by 2027, suggesting potential stabilization in the consumer electronics sector in the latter half of the year [2]

Investment Rating - The report assigns a "Hold" rating for the company, marking the first coverage [5]. Core Insights - The company is a leading distributor in the 3C product sector, with a diversified business model that benefits from opportunities in the AI-driven consumer electronics industry and value chain restructuring [1][12]. - The company has experienced a short-term revenue decline but is expected to benefit from a recovery in the smartphone market and the growth of its e-commerce business [2][20]. - The company has established a strong marketing network and deep partnerships with major smartphone brands, which positions it well for future growth [43][59]. Summary by Sections 1. Company Overview and Business Diversification - The company has expanded its business from mobile phone distribution to include smart terminal sales, e-commerce, lottery, mobile internet, and mobile resale, becoming a large conglomerate [1][12]. - In 2024, the company reported a revenue of 840.38 billion yuan, a decrease of 11.38% year-on-year, and a net profit of 31.18 million yuan, down 62.72% year-on-year [20]. 2. Smartphone Market Recovery and E-commerce Opportunities - The global smartphone market is projected to recover in 2024, with a 7% increase in shipments compared to 2023, reaching 1.22 billion units [2][29]. - The company has a well-established distribution network and is actively expanding its e-commerce presence, with a significant increase in the number of stores under its e-commerce subsidiary, reaching 446 stores, an 80% increase from 2023 [2][52]. 3. Strategic Partnerships and Channel Development - The company maintains deep partnerships with leading smartphone brands such as Apple, Huawei, and Samsung, which enhances its market position [43][45]. - The company has developed a comprehensive marketing network in China, with over 2,311 managed stores and a strong online presence through platforms like JD.com and Douyin [43][45]. 4. Financial Forecast and Investment Recommendations - The company is expected to see a gradual recovery in net profit, with projections of 0.01 billion yuan in 2025, 0.64 billion yuan in 2026, and 0.94 billion yuan in 2027 [59]. - The report emphasizes the company's significant scale advantages and its successful expansion into e-commerce, supporting the "Hold" investment rating [59].