Core Viewpoint - Tianjian Technology (002977.SZ) is expected to report a net loss attributable to shareholders of between 5.96 million yuan and 11.82 million yuan for the first half of 2025, a significant decline from a profit of 11.17 million yuan in the same period last year [1][2]. Financial Performance Summary - The net profit attributable to shareholders is projected to decline by 153.30% to 205.81% compared to the same period last year [2]. - The net profit after deducting non-recurring gains and losses is expected to be a loss of between 6.14 million yuan and 12.18 million yuan, down by 155.13% to 209.44% year-on-year [2]. - Basic earnings per share are anticipated to be a loss of between 0.0496 yuan and 0.0984 yuan, compared to a profit of 0.0930 yuan per share in the previous year [2]. Operational Challenges - The expected loss is primarily due to longer customer payment processes, leading to extended aging of accounts receivable, which resulted in the company making provisions for credit impairment losses based on accounting policies [2]. - The company's order fulfillment has been affected by related procurement plans, causing delays in project deliveries and resulting in lower-than-expected revenue recognition [2].

Group 1 - The military electronics sector experienced a decline at the beginning of trading, with Huaru Technology (301302) and Yaguang Technology (300123) dropping over 10% [1] - Tianjian Technology (002977) fell by more than 8%, while Qiyi Er (603712), Shaanxi Huada (301517), and Leike Defense (002413) also saw declines [1]

Performance Forecast - The company expects a net loss attributable to shareholders of between 5.9556 million yuan and 11.8223 million yuan, compared to a profit of 11.1729 million yuan in the same period last year, representing a decline of 153.30% to 205.81% [1] - The expected net loss after deducting non-recurring gains and losses is between 6.1362 million yuan and 12.1809 million yuan, compared to a profit of 11.1304 million yuan in the previous year, indicating a decrease of 155.13% to 209.44% [1] - The basic earnings per share are projected to be a loss of between 0.0496 yuan and 0.0984 yuan, compared to a profit of 0.0930 yuan per share last year [1] Reasons for Performance Change - The anticipated loss is primarily due to longer customer payment processes, resulting in extended aging of accounts receivable, leading the company to provision for credit impairment losses based on accounting policies [1] - Order delivery delays influenced by related procurement plans have resulted in revenue recognition falling short of expectations [1] Future Strategies - The company plans to enhance accounts receivable collection and risk management while actively monitoring changes in customer demand and optimizing order management to improve profitability stability [2]

Chengdu Tianjian Technology Co., Ltd. 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=Current%20Period%20Performance%20Forecast) The company anticipates a net loss for H1 2025, a significant reversal from prior year's profit, with net profit attributable to shareholders projected to decline by 153.30% to 205.81% - The performance forecast period is from January 1, 2025, to June 30, 2025[3](index=3&type=chunk) 2025 Semi-Annual Performance Forecast | Item | Current Period (Estimated) | Prior Year Period (Actual) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Loss: RMB 5.9556 million - RMB 11.8223 million | Profit: RMB 11.1729 million | Decrease: 153.30% - 205.81% | | **Net Profit Excluding Non-Recurring Gains and Losses** | Loss: RMB 6.1362 million - RMB 12.1809 million | Profit: RMB 11.1304 million | Decrease: 155.13% - 209.44% | | **Basic Earnings Per Share** | Loss: RMB 0.0496/share - RMB 0.0984/share | Profit: RMB 0.0930/share | - | [Communication with Accounting Firm](index=1&type=section&id=Communication%20with%20Accounting%20Firm) The company pre-communicated its performance forecast with the accounting firm, with no major disagreements, but the data is preliminary and unaudited - The performance forecast data represents preliminary estimates by the company's finance department and has not been audited by the accounting firm[4](index=4&type=chunk) - The company has pre-communicated with the accounting firm regarding the performance forecast, and no significant disagreements exist between the parties[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=Explanation%20of%20Performance%20Changes) The period's shift from profit to loss is primarily due to increased credit impairment from extended accounts receivable and lower-than-expected revenue from delayed project deliveries - One primary reason for the performance loss is the recognition of credit impairment losses on existing accounts receivable, based on accounting policies, due to the extended aging of some receivables[5](index=5&type=chunk) - Another significant reason is the delay in certain project deliveries due to customer procurement plans, leading to lower-than-anticipated revenue recognition[5](index=5&type=chunk) - The company plans to strengthen accounts receivable collection and risk management, and optimize order management to enhance earnings stability in the future[5](index=5&type=chunk)[6](index=6&type=chunk) [Other Related Information](index=2&type=section&id=Other%20Related%20Information) The company reiterates the preliminary and unaudited nature of the forecast data, with final figures in the 2025 semi-annual report, advising investor caution - The performance forecast data represents preliminary estimates by the company's finance department and has not been audited[7](index=7&type=chunk) - Specific performance data will be detailed in the company's 2025 semi-annual report, advising investors to make prudent decisions[7](index=7&type=chunk)

【注：根据先进先出的原则，以投资者证券账户为单位计算持股期限，持股 证券代码：002977 证券简称：天箭科技 公告编号：2025-021 成都天箭科技股份有限公司 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。 成都天箭科技股份有限公司（以下简称"公司"）2024 年年度利润分配方 案已经 2025 年 5 月 23 日召开的 2024 年年度股东大会审议通过，现将权益分派 事宜公告如下： 一、股东会审议通过利润分配方案的情况 次利润分配共计派发现金红利 2,162.16 万元，不送红股，不以资本公积金转增 股本。 如在利润分配相关公告披露后至实施权益分派的股权登记日前，公司总股本 发生变动的，将以实施分配方案时股权登记日的总股本为基数，按照现金分红总 额固定不变的原则相应调整。 二、本次实施的权益分派方案 本公司 2024 年年度权益分派方案为：以公司现有总股本 120,120,000 股为 基数，向全体股东每 10 股派 1.80 元人民币现金（含税；扣税后，QFII、RQFII 以及持有首发前限售股的个人和证券投资基金每 10 股派 1.62 元；持有 ...

证券代码：002977 证券简称：天箭科技 公告编号：2025-021 成都天箭科技股份有限公司 2024年年度权益分派实施公告 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。 成都天箭科技股份有限公司（以下简称"公司"）2024 年年度利润分配方 案已经 2025 年 5 月 23 日召开的 2024 年年度股东大会审议通过，现将权益分派 事宜公告如下： 一、股东会审议通过利润分配方案的情况 1.公司于 2025 年 5 月 23 日召开 2024 年年度股东大会，审议通过了《关于 2024 年度利润分配方案的议案》，方案具体内容为：以公司现有总股本 120,120,000 股为基数，向全体股东每 10 股派发现金红利 1.80 元（含税），本 次利润分配共计派发现金红利 2,162.16 万元，不送红股，不以资本公积金转增 股本。 如在利润分配相关公告披露后至实施权益分派的股权登记日前，公司总股本 发生变动的，将以实施分配方案时股权登记日的总股本为基数，按照现金分红总 额固定不变的原则相应调整。 2.自本次分配方案披露至实施期间，公司股本总额未发生变动。 ...

证券代码：002977 证券简称：天箭科技 公告编号：2025-020 成都天箭科技股份有限公司 公司董事、高级管理人员陈涛女士、何健先生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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 本公司总股本比例 0.1399%）的董事、高级管理人员陈涛女士计划自本公告披露 之日起 15 个交易日后的 3 个月内（即 2025 年 7 月 7 日至 2025 年 10 月 6 日，且 窗口期不减持），以集中竞价方式减持本公司股份不超过 42,000 股（即不超过 公司总股本的 0.0350%）。 管理人员何健先生计划自本公告披露之日起 15 个交易日后的 3 个月内（即 2025 年 7 月 7 日至 2025 年 10 月 6 日，且窗口期不减持），以集中竞价方式减持本公 司股份不超过 37,276 股（即不超过公司总股本的 0.0310%）。 本公司于近日收到公司董事、高级管理人员陈涛女士、何健先生分别出具的 《股份减持计划告知函》，现将有关情况公告如下： 一、股东的基本情况 股东名称 持股数量（股） 占公司 ...

证券代码：002977 证券简称：天箭科技 公告编号：2025-020 成都天箭科技股份有限公司 关于部分董事、高级管理人员减持股份预披露公告 公司董事、高级管理人员陈涛女士、何健先生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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1.持有成都天箭科技股份有限公司（以下简称"公司"）股份 168,000 股（占 本公司总股本比例 0.1399%）的董事、高级管理人员陈涛女士计划自本公告披露 之日起 15 个交易日后的 3 个月内（即 2025 年 7 月 7 日至 2025 年 10 月 6 日，且 窗口期不减持），以集中竞价方式减持本公司股份不超过 42,000 股（即不超过 公司总股本的 0.0350%）。 2.持有公司股份 149,107 股（占本公司总股本比例 0.1241%）的董事、高级 管理人员何健先生计划自本公告披露之日起 15 个交易日后的 3 个月内（即 2025 年 7 月 7 日至 2025 年 10 月 6 日，且窗口期不减持），以集中竞价方式减持本公 司股份不超过 37,276 ...

天箭科技（002977）公告，公司董事、高级管理人员陈涛计划减持不超过42000股，占公司总股本的 0.0350%。董事、高级管理人员何健计划减持不超过37276股，占公司总股本的0.0310%。减持方式为集 中竞价交易，减持期间为2025年7月7日至2025年10月6日，减持价格将不低于公司首次公开发行股票时 的发行价格和公司最近一期经审计的每股净资产。 ...

Core Viewpoint - The commercial space industry in China is experiencing rapid growth, supported by national policies, with a market size projected to reach approximately 7,133.2 billion yuan in 2024, driven by increased launch activities and advancements in satellite applications [2][8]. Group 1: Definition and Main Business of Commercial Space Industry - The commercial space industry refers to the sector that provides space products and services through market-oriented approaches, including rocket launches, satellite applications, and space tourism [3][4]. - Unlike traditional government-led space projects, commercial space emphasizes private sector participation, cost-effectiveness, and sustainable business ecosystems, marking a shift from planned to market economies in space activities [4]. Group 2: Current Development Status of the Commercial Space Industry - The commercial space sector in China is becoming increasingly active, with 68 rocket launches and 66 successful orbital insertions in 2024, achieving a success rate of 97% [6][8]. - The market size of the commercial space industry in China has been growing rapidly, with a reported size of 6,582.2 billion yuan in 2023 and an expected increase to 7,810.4 billion yuan by 2025 [8]. - The commercial remote sensing satellite sector is identified as a strategic emerging industry that contributes significantly to economic growth and daily applications, positioning itself as a key area in global space competition [8]. Group 3: Future Prospects and Opportunities - The commercial space industry is anticipated to reach a mature phase by the end of the 14th Five-Year Plan or during the 15th Five-Year Plan, indicating a historic development opportunity for the industry chain [2]. - The launch of new rocket models, such as the Long March 8 and others, is expected to further enhance China's launch capabilities and increase the number of launches in 2025 [6].