证券代码：300205 证券简称：*ST 天喻 公告编号：2026-009 武汉天喻信息产业股份有限公司 关于拟解除与北京载川科技有限公司的《和解协议》的公告 三、对公司的影响 《和解协议》的解除对于推动解决股权投资标的重庆鲲鹏支付服务有限公 司一揽子问题具有积极意义。公司将持续采取法律手段，督促北京载川及相关 方履行回购义务，最大限度地维护公司及全体股东的利益。 四、备查文件 《武汉天喻信息产业股份有限公司第九届董事会第十九次会议决议》。 1 特此公告。 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。 一、签署《和解协议》的基本情况 为推动股权回购纠纷案件（案号：（2024）深国仲受 10625 号）尽快解决， 经武汉天喻信息产业股份有限公司（以下简称"公司"）第九届董事会第四次 会议审议通过，公司于 2025 年 2 月 7 日与北京载川科技有限公司（以下简称"北 京载川"，原"亿赞普(北京)科技有限公司"）签署了《和解协议》。具体内 容详见公司于 2025 年 1 月 27 日在巨潮资讯网披露的《关于重大仲裁的进展公 告》（公告编号：2025-009）。 ...

Core Insights - The electronic invoice industry is transitioning from a simple "invoicing-receiving" process to a comprehensive solution that includes supply chain collaboration, intelligent reimbursement, and tax automation, marking a significant shift towards a fully digital invoicing ecosystem [1][5] - The global electronic invoice market is projected to reach approximately $2.868 billion by 2025 and $3.2 billion by 2026, with China's electronic invoice service market expected to grow to about 1.82 billion yuan in 2025 and 2.26 billion yuan in 2026 [1][5] - China is leading in the adoption of electronic invoices, with a goal to fully replace paper invoices by 2025, indicating a rapid growth trajectory for the industry [1][5] Electronic Invoice Industry Definition and Classification - Electronic invoices are digital payment receipts generated during the sale of goods or services, offering advantages such as paperless transactions, low energy consumption, easy storage, and quick retrieval [2] - Types of electronic invoices include PDF, XML, EDI, electronic invoice platforms, mobile payment invoices, and blockchain invoices [2] Industry Development Status - The electronic invoice sector is experiencing rapid growth, driven by global digital transformation and government initiatives promoting electronic invoicing as a core tool for financial management [5] - The market for digital financial solutions in China is expected to reach 111.8 billion yuan by 2025, with a significant portion attributed to cross-border solutions [7] Industry Chain - The electronic invoice industry chain consists of upstream components like IaaS, PaaS, and middleware; midstream includes tax control product manufacturers and third-party service platforms; and downstream applications span various sectors including SMEs, healthcare, and government [5][6] Competitive Landscape - The Chinese electronic invoice market is characterized by rapid development, with key players including Yonyou Network, Tax Friend Software, Kingdee International, and several others [8] - The industry is in a growth phase, with numerous companies vying for market share and innovation [8] Development Trends - The promotion of electronic invoices aligns with green economic practices, and the market is expected to grow significantly due to ongoing technological advancements and supportive national policies [8][9] - China's electronic invoice sector is poised for substantial growth, leveraging domestic demand and the Belt and Road Initiative to become a global innovation hub [8][9]

证券代码：300205 证券简称：*ST天喻 公告编号：2026-006 武汉天喻信息产业股份有限公司 关于股票交易被叠加实施其他风险警示的进展公告 公司因 2024 年度财务报表被出具了无法表示意见的审计报告，根据《深圳 证券交易所创业板股票上市规则》第 10.3.1 条第（三）项的规定，公司股票交 易自 2025 年 4 月 30 日开市起被实施退市风险警示。 1 如公司在实际触及退市风险警示情形相应年度的次一年度，出现《深圳证券 交易所创业板股票上市规则》第 10.3.11 条规定的情形之一的，深圳证券交易所 将终止公司股票上市交易。公司于 2026 年 2 月 12 日在巨潮资讯网披露了《关于 公司股票可能被终止上市的第二次风险提示公告》（公告编号：2026-005），敬请 投资者注意投资风险。 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、公司股票交易被叠加实施其他风险警示的原因 武汉天喻信息产业股份有限公司（以下简称"公司"）2024 年度内部控制被 出具了否定意见的审计报告，根据《深圳证券交易所创业板股票上市规则》第 9.4 条第（四）项的 ...

Stock Performance - The company received an audit report with a disclaimer of opinion for the 2024 financial statements, leading to a delisting risk warning effective from April 30, 2025 [2] - If the 2025 annual report shows conditions as per Article 10.3.11 of the Shenzhen Stock Exchange's Growth Enterprise Market Listing Rules (such as negative net profit or net assets, or a negative audit opinion), the company's stock may be terminated from listing [2] Company Status - The company received a negative audit opinion regarding its internal controls for the 2024 fiscal year, and previous risk warnings due to violations of guarantees remain in effect, resulting in additional risk warnings effective from April 30, 2025 [3] - The Shenzhen Stock Exchange's decision on whether to lift the related warnings remains to be monitored [3] Company Structure and Governance - The bankruptcy liquidation application of the controlling shareholder, Wuhan Tongyu Investment Partnership, was rejected by the court, which does not affect the company's daily operations [4] - A temporary shareholders' meeting was held on December 29, 2025, where resolutions were passed to change the accounting firm and cancel the supervisory board [4] - On December 30, 2025, the company received a debt transfer payment of 44.4391 million yuan, involving claims from Hongcha Shijia and Jinruitong [4]

武汉天喻信息产业股份有限公司 关于公司股票可能被终止上市的第二次风险提示公告 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。 特别提示： 证券代码：300205 证券简称：*ST天喻 公告编号：2026-005 1.武汉天喻信息产业股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日披露了《关于股票交易被实施退市风险警示并叠加实施其他风险警示及股票停 牌的公告》（公告编号：2025-021），公司股票自 2025 年 4 月 30 日开市起被实 施退市风险警示并叠加实施其他风险警示。若公司 2025 年度出现《深圳证券交 易所创业板股票上市规则》（以下简称"《上市规则》"）第 10.3.11 条规定的 情形，公司股票存在被终止上市的风险。 2.根据《上市规则》第 10.3.5 条的相关规定，公司披露股票可能被终止上 市的第二次风险提示公告。敬请投资者注意投资风险。 3.截至本公告披露日，公司可能触及的财务类终止上市情形如下表所示： | 具体情形 | 是否适用 （对可能触及的打勾） | | --- | --- | | 经审计的利润总额、净利润、扣除 ...

Core Viewpoint - *ST Tianyu (300205.SZ) is expected to report a loss of between 275 million to 550 million yuan for 2025, with a non-recurring loss of 287 million to 359 million yuan, and operating revenue projected between 160 million to 173 million yuan [1] Financial Performance - The company continues to experience net profit losses attributable to shareholders, primarily due to being on the U.S. SDN sanctions list and facing delisting risk warnings [1] - Significant declines in product sales and revenue have been reported, leading to increased asset impairment losses year-on-year [1] Legal and Operational Challenges - Major litigation has resulted in increased provisions for expected liabilities [1] - The company has recognized asset impairment losses related to its liquidated subsidiary, Shenzhen Changyu Investment Partnership (Limited Partnership) [1]

Core Viewpoint - Company *ST Tianyu (300205)* expects to report a revenue of between 160 million to 173 million yuan for the year 2025, with a projected net loss attributable to shareholders ranging from 275 million to 550 million yuan, compared to a loss of 364 million yuan in the same period last year [3]. Financial Performance - The company anticipates a non-recurring loss for 2025 between -191 million to 12 million yuan, primarily due to uncertainties related to significant litigation matters affecting performance [14]. - The projected net profit loss for 2025 is expected to be between -287 million to -359 million yuan, compared to a loss of 297 million yuan in the previous year [3]. Business Impact Factors - The company's performance is significantly impacted by its continued presence on the U.S. SDN sanctions list, which has led to a substantial decline in product sales and revenue [13]. - The company has also faced increased asset impairment losses and provisions for liabilities due to major litigation, as well as asset impairment losses related to its subsidiary, Shenzhen Changyu Investment Partnership [13]. Valuation Metrics - As of the latest closing price, the company's price-to-book ratio (P/B) is approximately 1.93 times, and the price-to-sales ratio (P/S) is about 11.42 times [3]. - The company’s historical price-to-earnings ratio (P/E) is not applicable due to the expected losses, making P/B and P/S more relevant for valuation [15][17].

武汉天喻信息产业股份有限公司 关于股票交易被叠加实施其他风险警示的进展公告 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。 一、公司股票交易被叠加实施其他风险警示的原因 武汉天喻信息产业股份有限公司（以下简称"公司"）2024 年度内部控制被 出具了否定意见的审计报告，根据《深圳证券交易所创业板股票上市规则》第 9.4 条第（四）项的规定，公司股票交易触及被实施其他风险警示的情形。鉴于 深圳证券交易所尚未同意公司撤销前次因违规担保而实施的其他风险警示，公司 股票交易自 2025 年 4 月 30 日开市起被叠加实施其他风险警示。 证券代码：300205 证券简称：*ST天喻 公告编号：2026-004 三、风险提示 公司因 2024 年度财务报表被出具了无法表示意见的审计报告，根据《深圳 证券交易所创业板股票上市规则》第 10.3.1 条第（三）项的规定，公司股票交 易自 2025 年 4 月 30 日开市起被实施退市风险警示。 1 如公司在实际触及退市风险警示情形相应年度的次一年度，出现《深圳证券 交易所创业板股票上市规则》第 10.3.11 条规定的情形之 ...

Financial Performance Expectations - The company expects a net profit loss ranging from CNY -27,500 million to -55,000 million for the fiscal year 2025, compared to a loss of CNY -36,633.49 million in the previous year [4]. - Total revenue is projected to be between CNY 16,000 million and 17,300 million, significantly down from CNY 84,681.22 million in the same period last year [4]. - The company anticipates non-recurring losses between CNY -28,700 million and -35,900 million, compared to a loss of CNY -29,672.38 million in the previous year [4]. - The company's equity attributable to shareholders is expected to be between CNY 55,000 million and 82,500 million, down from CNY 110,707.55 million at the end of the previous year [4]. Reasons for Financial Decline - The primary reasons for the continued losses include sanctions from the U.S. SDN list, which have severely impacted business operations and led to a significant decline in product sales and revenue [6]. - The company has increased its asset impairment losses due to ongoing litigation and the liquidation of its subsidiary, Changyu Investment [6]. - The estimated range for non-recurring gains and losses for 2025 is between CNY -19,100 million and 1,200 million, reflecting uncertainties related to major litigation [6]. Regulatory and Compliance Issues - The company’s stock has been placed under delisting risk warning due to an inability to express an opinion on the 2024 financial statements, effective from April 30, 2025 [7]. - The company will continue to monitor the situation regarding its subsidiary and fulfill its disclosure obligations [8]. - The financial data presented is a preliminary estimate and will be detailed in the 2025 annual report [8].

证券代码：300205 证券简称：*ST天喻 公告编号：2026-003 武汉天喻信息产业股份有限公司 关于公司股票可能被终止上市的首次风险提示公告 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。 特别提示： 1.武汉天喻信息产业股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日披露了《关于股票交易被实施退市风险警示并叠加实施其他风险警示及股票停 牌的公告》（公告编号：2025-021），公司股票自 2025 年 4 月 30 日开市起被实 施退市风险警示并叠加实施其他风险警示。若公司 2025 年度出现《深圳证券交 易所创业板股票上市规则》（以下简称"《上市规则》"）第 10.3.11 条规定的 情形，公司股票存在被终止上市的风险。 2.根据《上市规则》第 10.3.5 条的相关规定，公司披露股票可能被终止上 市的首次风险提示公告。敬请投资者注意投资风险。 3.截至本公告披露日，公司可能触及的财务类终止上市情形如下表所示： | 具体情形 | 是否适用 （对可能触及的打勾） | | --- | --- | | 经审计的利润总额、净利润、扣除非经 ...