Company Overview - Tianqi Mould Co., Ltd. is located in Tianjin Free Trade Zone and was established on December 3, 1996. The company was listed on November 25, 2010. Its main business involves the research, design, production, and sales of automotive body covering moulds and related products [1][2] - The revenue composition of the company includes: mould inspection tools 47.53%, stamping parts and welding 45.99%, aerospace products 4.92%, others 1.48%, and military products 0.09% [1] Stock Performance - As of September 23, Tianqi Mould's stock price decreased by 2.06%, trading at 6.66 CNY per share, with a total market capitalization of 6.761 billion CNY [1] - Year-to-date, the stock price has increased by 14.63%, but it has seen declines of 8.26% over the last five trading days, 8.39% over the last twenty days, and 3.20% over the last sixty days [1] - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on May 23, where it recorded a net buy of -36.0383 million CNY [1] Financial Performance - For the first half of 2025, Tianqi Mould reported operating revenue of 1.016 billion CNY, a year-on-year decrease of 15.46%. The net profit attributable to shareholders was 21.9035 million CNY, down 78.72% year-on-year [2] - The company has distributed a total of 352 million CNY in dividends since its A-share listing, with cumulative distributions of 58.716 million CNY over the past three years [3] Shareholder Information - As of September 10, the number of shareholders for Tianqi Mould was 122,000, a decrease of 4.84% from the previous period. The average number of tradable shares per shareholder increased by 5.09% to 8,233 shares [2] Industry Classification - Tianqi Mould belongs to the automotive industry, specifically in the automotive parts sector, and is categorized under other automotive parts. It is also associated with concepts such as small-cap stocks, Changan Automobile concept, large aircraft, aerospace military, and general aviation [2]

Core Viewpoint - Tianqi Mould's stock price has shown volatility, with a year-to-date increase of 22.38%, but recent performance indicates a decline over the past 20 days [1][2]. Group 1: Stock Performance - On September 17, Tianqi Mould's stock fell by 2.07%, trading at 7.11 CNY per share, with a total market capitalization of 7.218 billion CNY [1]. - The stock has experienced a net outflow of 22.6979 million CNY from main funds, with significant selling pressure observed [1]. - Year-to-date, the stock has risen by 22.38%, with a 2.16% increase over the last five trading days, a 3.79% decrease over the last 20 days, and a 7.56% increase over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Tianqi Mould reported operating revenue of 1.016 billion CNY, a year-on-year decrease of 15.46%, and a net profit attributable to shareholders of 21.9035 million CNY, down 78.72% year-on-year [2]. - The company has distributed a total of 352 million CNY in dividends since its A-share listing, with 58.716 million CNY distributed over the past three years [3]. Group 3: Company Overview - Tianjin Automotive Mould Co., Ltd. was established on December 3, 1996, and listed on November 25, 2010. The company specializes in the research, design, production, and sales of automotive body covering moulds and related products [1]. - The main business revenue composition includes mould inspection tools (47.53%), stamped and welded parts (45.99%), aerospace products (4.92%), other products (1.48%), and military products (0.09%) [1].

Group 1 - The company Tianqi Mould (002510) responded to investor inquiries on September 12, indicating that as of September 10, 2025, the total number of shareholders is 122,044 [1] - The total number of institutional shareholders is reported to be 601 [1]

Group 1 - The management of Tianqi Mould (002510) confirmed that Xi'an Tianqi Mould Aircraft Industry Co., Ltd. has obtained supplier qualifications from COMAC and Xi'an Aircraft Industrial Group, and has begun to undertake batch business [1] - Regarding the significant restructuring progress, the chairman indicated that due diligence, auditing, and evaluation work have been largely completed, and discussions on transaction details and agreement terms are ongoing, but the matter is still in the planning stage with no formal agreements signed yet [1] - In the field of new energy vehicles, the company has provided mold supporting services for multiple models to mainstream new energy vehicle customers, and a successful acquisition of Dongshi would create synergies with the company's main business [1] Group 2 - The company aims to solidify its advantages in the moulding main business, expand the scale of automotive parts business, and increase its market share in aviation parts, striving to deliver good performance to investors [2] - The company’s cash flow is reported to be sufficient to meet operational needs, indicating a stable financial position [1]

Financial Performance - In the first half of 2025, Tianqi Mould's accounts receivable turnover days and inventory turnover rate were below expectations due to smaller sales scale [1] - The company reported a net profit of 7,515,043.92 RMB after deducting non-recurring items in the first half of 2025 [8] Operational Efficiency - Measures to optimize cash flow include improving contract credit conditions, shortening production cycles, and enhancing collection tracking [1] - The company is actively upgrading its production equipment and has signed contracts for new machinery with suppliers [2] Market Expansion - In the first half of 2025, Tianqi Mould expanded its market share by securing orders from major clients such as STELLANTIS, Mercedes-Benz, and BYD [2] - The company aims to increase its market share in the new energy vehicle sector by leveraging its existing capabilities in traditional fuel and electric vehicle stamping dies [3] Strategic Development - Future development plans focus on strengthening the core mould business, expanding automotive parts, and increasing market share in the aerospace components sector [5] - The company is exploring opportunities in the aerospace sector, which is currently experiencing rapid growth [2] Shareholder and Market Concerns - The company’s stock price has been underperforming compared to the industry average, with ongoing discussions about share buyback plans [6] - The company is in the process of a significant asset restructuring, with no formal agreements signed yet, leading to uncertainty about future control changes [8] Talent Management - Tianqi Mould has implemented competitive benefits and a tailored training system to attract and retain talent [9]

股票代码:002510 公司简称：天汽模 公告编号 2025-045 天津汽车模具股份有限公司 关于筹划重大资产重组的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏。 特别提示: 1. 天津汽车模具股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日 披露的《关于筹划重大资产重组暨签署<股权收购意向协议>的提示性公告》中 已详细披露了本次交易可能存在的风险因素以及尚需履行的决策、审批程序。 敬请广大投资者注意投资风险。 2. 截至本公告披露日，本次交易所涉及的尽职调查、审计、评估等工作已 基本完成。公司与有关各方正在就交易细节、协议条款等事项持续进行磋商和 审慎论证，交易相关方尚未签署正式协议，最终能否达成合作并签署正式协议 尚存在一定的不确定性。公司将根据交易事项后续进展情况，及时履行信息披 露义务，请广大投资者关注后续进展公告。 一、交易情况概述 公司于 2025 年 4 月 9 日与东实汽车科技集团股份有限公司（以下简称"东实 股份"或"标的公司"）股东德盛拾陆号企业管理（天津）合伙企业（有限合伙） （以下简称"德盛拾陆号"）签署了《股 ...

Group 1 - The core viewpoint of the articles highlights the recognition of outstanding corporate secretaries in the financial market, particularly focusing on Meng Xiankun from Tianqimo, who received the 11th Golden Unicorn Award for his exceptional professional capabilities and performance [1][2] - The role of corporate secretaries is emphasized as a crucial link between listed companies and the capital market, serving multiple functions such as compliance guardians, strategic advisors, information disclosure spokespersons, and investor relations architects [1][2] - The Golden Unicorn Award has been held for eleven years, recognizing over 900 outstanding corporate secretaries, and is regarded as a highly authoritative award in the industry, assessing contributions across various dimensions including information disclosure quality, investor communication effectiveness, corporate governance, ESG construction, and capital operations [1] Group 2 - An excellent corporate secretary is characterized by their ability to accurately convey company value in complex market environments, innovate communication methods within compliance boundaries, and demonstrate corporate responsibility during critical moments [2] - Meng Xiankun's recognition reflects not only his individual excellence in capital communication, compliance governance, and strategic collaboration but also the market's and investors' high regard for Tianqimo's governance level and value growth [2]

Financial Performance - The company's total revenue for the first half of 2025 was 1.016 billion yuan, a decrease of 15.46% year-on-year [1] - The net profit attributable to shareholders was 21.9035 million yuan, down 78.72% year-on-year [1] - In Q2 2025, total revenue was 572 million yuan, a decline of 24.01% year-on-year, with net profit of 119.22 thousand yuan, down 98.49% year-on-year [1] - The gross profit margin was 12.72%, a decrease of 32.09% year-on-year, while the net profit margin was 2.01%, down 75.42% year-on-year [1] - Total operating expenses (selling, administrative, and financial expenses) amounted to 93.8567 million yuan, accounting for 9.24% of revenue, an increase of 6.78% year-on-year [1] Cash Flow and Debt - The company reported cash and cash equivalents of 1.018 billion yuan, an increase of 17.37% year-on-year [1] - The accounts receivable increased by 22.32% year-on-year to 827 million yuan, with accounts receivable to net profit ratio reaching 868.15% [1][6] - The company’s interest-bearing liabilities were 1.618 billion yuan, a slight decrease of 1.27% year-on-year [1] Business Model and Return on Investment - The company's return on invested capital (ROIC) was 3.48%, indicating weak capital returns [3] - The historical median ROIC over the past decade was 3.58%, with a notably poor performance in 2020, where ROIC was -17.73% [3] - The company's business model appears fragile, having reported two years of losses since its IPO [3] Financial Health Indicators - The cash flow situation is concerning, with cash assets only covering 51.91% of current liabilities, and the average operating cash flow over the past three years covering only 3.32% of current liabilities [5] - The interest-bearing debt ratio has reached 25.54%, and the ratio of interest-bearing liabilities to the average operating cash flow over the past three years is 24.73% [5] - Financial expenses accounted for 74.9% of the average operating cash flow over the past three years, indicating potential financial strain [5]

Group 1 - The company Tianqi Mould (SZ 002510) held its 49th meeting of the fifth board of directors on August 28, 2025, to review the special report on the use of raised funds for the first half of 2025 [1] - For the first half of 2025, the company's revenue composition was 98.52% from manufacturing and 1.48% from other businesses [1] Group 2 - The domestic A-class car exhibition, featuring nearly 120 brands and 1,600 vehicles, is set to open in the second half of the year, indicating a significant shift in the automotive market landscape with the emergence of new energy vehicles [1]

Core Viewpoint - Tianqi Mould (002510.SZ) reported a significant decline in both revenue and net profit for the first half of 2025, indicating challenges in its financial performance [1] Financial Performance - The company achieved an operating revenue of 1.016 billion yuan, a year-on-year decrease of 15.46% [1] - The net profit attributable to shareholders was 21.9035 million yuan, reflecting a year-on-year decline of 78.72% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 7.515 million yuan, down 91.18% year-on-year [1] - Basic earnings per share were reported at 0.02 yuan [1]