Core Viewpoint - Tianyin Electromechanical (300342.SZ) reported a significant decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved operating revenue of 384 million yuan, representing a year-on-year decrease of 24.07% [1] - The net profit attributable to shareholders was 17.8034 million yuan, down 46.61% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 17.9415 million yuan, reflecting a year-on-year decline of 45.84% [1] - Basic earnings per share were reported at 0.0419 yuan [1]

证券代码：300342 证券简称：天银机电 公告编码：2025-036 常熟市天银机电股份有限公司（以下简称 "公司"）第五届监事会第十五 次会议于2025年8月22日在江苏省常熟市碧溪街道电厂路19号公司会议室召开。 会议通知已于2025年8月12日发出。会议应到监事3人，实到3人（其中：陈娟女 士、林金城先生以通讯方式参加本次会议），无委托出席情况。会议由监事会主 席陈娟女士主持。会议的召开符合《公司法》和《公司章程》的规定。 二、会议审议情况 经与会监事认真审议，以记名投票的方式通过了以下议案： 1、审议通过《关于<常熟市天银机电股份有限公司2025年半年度报告及摘 要>的议案》 常熟市天银机电股份有限公司 第五届监事会第十五次会议决议公告 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、会议召开情况 三、备查文件 1、公司第五届监事会第十五次会议决议； 2、深交所要求的其它文件。 特此公告。 常熟市天银机电股份有限公司监事会 2025年8月22日 经审核，监事会认为公司《2025年半年度报告及半年度报告摘要》的编制程 序及内容格式符合中国证监会、深 ...

证券代码：300342 证券简称：天银机电 公告编码：2025-035 常熟市天银机电股份有限公司 第五届董事会第二十一次会议决议公告 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、董事会会议召开情况 1、常熟市天银机电股份有限公司（以下简称"公司"）第五届董事会第二 十一次会议通知于2025年8月12日向各位董事送达。 2、本次董事会于2025年8月22日以现场与通讯表决相结合的方式在江苏省常 熟市碧溪街道电厂路19号公司会议室召开。 3、本次董事会会议应到董事9名，实到董事9名（其中：董事方谷钏先生、 黄超先生、陈钊敏先生、张裕烽先生、李灵辉先生以通讯方式参加本次会议）， 无委托出席情况。 4、会议由董事长方谷钏先生主持，本公司监事、高级管理人员列席会议。 5、本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文 件和公司章程的规定。 二、董事会会议审议情况 1、审议通过了《关于<常熟市天银机电股份有限公司2025年半年度报告及 摘要>的议案》 董事会认为：公司《2025年半年度报告及其摘要》的内容公允地反映了公司 的经营状况和经营成果，报 ...

证券代码：300342 证券简称：天银机电 公告编码：2025-034 常熟市天银机电股份有限公司 关于调整子公司股权结构的公告 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、常熟市天银机电股份有限公司（以下简称"公司"）拟受让全资子公司北 京华清瑞达科技有限公司（以下简称"华清瑞达"）持有的天津华瑞雷仿科技有 限公司（以下简称"华瑞雷仿"）100%股权，上述股权转让完成后，华瑞雷仿将 成为公司的全资子公司。本次子公司股权结构调整属于公司合并报表范围内的调 整，不会导致公司合并报表范围的变化。 营业期限：2010年5月12日至2030年5月11日 经营范围：技术推广、技术开发、技术服务、技术咨询、技术转让；软件开 发；计算机系统服务；应用软件服务；自然科学研究与试验发展；工程和技术研 究与试验发展；销售自行开发后的产品、民用航空器；委托加工机械设备、计算 机、仪器仪表。（企业依法自主选择经营项目，开展经营活动；依法须经批准的 项目，经相关部门批准后依批准的内容开展经营活动；不得从事本市产业政策禁 止和限制类项目的经营活动。） 股东情况：公司持 ...

Part I Important Notes, Table of Contents, and Definitions [Important Notes](index=2&type=section&id=Important%20Notes) The Board of Directors, Supervisory Board, and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility; the company plans no cash dividends, bonus shares, or capital reserve conversions to share capital - The company plans no cash dividends, no bonus shares, and no capital reserve conversions to share capital[4](index=4&type=chunk) [Table of Contents](index=3&type=section&id=Table%20of%20Contents) This section lists the eight main chapters of the semi-annual report and their starting page numbers, covering important notes, company profile, management discussion and analysis, corporate governance, significant matters, share changes, bond information, and financial report [Reference Document Catalog](index=4&type=section&id=Reference%20Document%20Catalog) This section discloses reference documents including the original semi-annual report signed by the legal representative, original financial report, and publicly disclosed documents and announcements during the reporting period, with the company's securities department office as the storage location - Reference documents include the original semi-annual report signed by the legal representative, the financial report text signed and sealed by the financial officer and accounting department head, and all publicly disclosed documents and announcements during the reporting period[8](index=8&type=chunk) - Reference documents are available at: the company's securities department office[9](index=9&type=chunk) [Definitions](index=5&type=section&id=Definitions) This section provides definitions for common terms used in the report, including company name, major subsidiaries, related parties, regulatory bodies, and reporting period, to ensure clear understanding of the content - Defines "Company", "This Company", "Joint Stock Company", and "Tianyin Jidian" as Changshu Tianyin Jidian Co., Ltd[10](index=10&type=chunk) - Defines "Reporting Period" as January 1, 2025, to June 30, 2025[10](index=10&type=chunk) Part II Company Profile and Key Financial Indicators [Company Profile](index=6&type=section&id=I.%20Company%20Profile) This section introduces the company's basic information, including stock abbreviation, code, listing exchange, Chinese and English names, and legal representative - Stock Abbreviation: Tianyin Jidian, Stock Code: **300342**, Listing Exchange: Shenzhen Stock Exchange[12](index=12&type=chunk) - Company Chinese Name: Changshu Tianyin Jidian Co., Ltd., Legal Representative: Zhao Yunwen[12](index=12&type=chunk) [Contact Person and Information](index=6&type=section&id=II.%20Contact%20Person%20and%20Information) This section provides contact information for the company's Board Secretary and Securities Affairs Representative, including names, addresses, phone numbers, fax numbers, and email addresses - Board Secretary: Fang Cheng, Phone: **0512-52691536**, Email: fangc@tyjd.cc[13](index=13&type=chunk) - Securities Affairs Representative: Li Yan, Phone: **0512-52690818**, Email: ly422567030@126.com[13](index=13&type=chunk) [Other Information](index=6&type=section&id=III.%20Other%20Information) This section states that the company's registered address, office address, website, email, information disclosure and storage locations, and registration status remained unchanged during the reporting period, with details available in the 2024 annual report - The company's contact information, information disclosure and storage locations, and registration status remained unchanged during the reporting period, with details available in the 2024 annual report[14](index=14&type=chunk)[15](index=15&type=chunk)[16](index=16&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This section discloses the company's key accounting data and financial indicators for the current reporting period compared to the previous year, showing significant year-on-year declines in operating revenue, net profit attributable to parent, non-recurring net profit, net cash flow from operating activities, basic and diluted EPS, and a slight decrease in total assets and net assets attributable to parent at period-end Key Accounting Data and Financial Indicators (Y-o-Y Change) | Indicator | Current Period (Yuan) | Prior Period (Yuan) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 383,894,102.79 | 505,562,395.56 | -24.07% | | Net Profit Attributable to Parent Company Shareholders | 17,803,382.27 | 33,347,300.77 | -46.61% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Gains and Losses | 17,941,501.64 | 33,125,846.87 | -45.84% | | Net Cash Flow from Operating Activities | -83,394,604.60 | 8,161,027.62 | -1,121.86% | | Basic EPS (Yuan/Share) | 0.0419 | 0.0785 | -46.62% | | Diluted EPS (Yuan/Share) | 0.0419 | 0.0785 | -46.62% | | Weighted Average ROE | 1.13% | 2.17% | -1.04% | | Total Assets (Period-End) | 2,075,429,132.26 | 2,229,020,373.09 | -6.89% | | Net Assets Attributable to Parent Company Shareholders (Period-End) | 1,561,420,241.83 | 1,571,244,141.90 | -0.63% | [Differences in Accounting Data under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20under%20Domestic%20and%20Overseas%20Accounting%20Standards) This section confirms no differences in net profit and net assets between financial reports disclosed under international or overseas accounting standards and Chinese accounting standards during the reporting period - The company had no differences in net profit and net assets between financial reports disclosed under international accounting standards and Chinese accounting standards during the reporting period[18](index=18&type=chunk) - The company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese accounting standards during the reporting period[19](index=19&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) This section lists non-recurring gains and losses items and their amounts for the reporting period, primarily including non-current asset disposal gains/losses, government grants, and other non-operating income/expenses, totaling a negative **CNY 138,119.37** Non-Recurring Gains and Losses Items and Amounts | Item | Amount (Yuan) | | :--- | :--- | | Non-current asset disposal gains and losses | -117.52 | | Government grants recognized in current profit or loss | 228,788.21 | | Other non-operating income and expenses apart from the above | -391,143.32 | | Less: Income tax impact | -24,353.28 | | Impact on minority interests (after tax) | 0.02 | | **Total** | **-138,119.37** | Part III Management Discussion and Analysis [Company's Main Businesses During the Reporting Period](index=9&type=section&id=I.%20Company%27s%20Main%20Businesses%20During%20the%20Reporting%20Period) The company's main businesses are refrigerator compressor parts and radar and aerospace electronics; the former saw significant decline due to weak demand and policy impacts, while the latter, despite benefiting from defense and commercial aerospace growth, still experienced overall revenue decrease [Refrigerator Compressor Parts Business](index=9&type=section&id=1.%20Refrigerator%20Compressor%20Parts%20Business) The company's refrigerator compressor parts business, a leading industry player, offers starters, suction mufflers, and variable frequency control systems; its growth significantly declined year-on-year due to weak global economic recovery, early release of national subsidies, a sluggish real estate market, and China-US trade friction - Main product types include no-power-consumption starters, PTC starters, hammer-type starters, suction mufflers, and refrigerator variable frequency control systems[24](index=24&type=chunk)[25](index=25&type=chunk)[26](index=26&type=chunk)[27](index=27&type=chunk) - The company is a pioneer in developing no-power-consumption electronic starting relays and a co-drafter of industry standards for compressor no-power-consumption electronic starters[29](index=29&type=chunk) - The refrigerator compressor parts industry experienced a significant year-on-year decline in growth, primarily due to: early release of demand from 2024 home appliance national subsidy policies, a persistent sluggish real estate market, and reduced exports to the US due to China-US trade friction[29](index=29&type=chunk)[30](index=30&type=chunk)[32](index=32&type=chunk) [Radar and Aerospace Electronics Business](index=13&type=section&id=2.%20Radar%20and%20Aerospace%20Electronics%20Business) Radar and aerospace electronics business includes radar simulation, UWB signal applications, and satellite attitude control systems; despite increased defense spending and commercial aerospace growth, overall revenue declined, though Tianyin Star benefited from accelerated low-orbit internet constellation development, significantly boosting its contract value, revenue, and net profit - Main product types include radar radio frequency simulation systems (radar target simulators, RF simulation arrays), ultra-wideband signal application business (signal acquisition, storage, playback, and real-time processing, real-time spectrum analysis and capture systems), and artificial satellite attitude control systems and related accessories (star sensors, sun sensors, satellite attitude controllers)[32](index=32&type=chunk)[33](index=33&type=chunk)[34](

编制单位：常熟市天银机电股份有限公司 金额单位：人民币万元 常熟市天银机电股份有限公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 法定代表人：赵云文 主管会计工作的负责人：李荟 会计机构负责人：李荟 | 非经营性资 | | 资金占用方名 | 占用方与上 | 上市公司核 | 年初 2025 | 年半年 2025 度占用累计 | 年半年 2025 | 年半 2025 年度偿还 | 年半 2025 | 占用形 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 金占用 | | 称 | 市公司的关 | 算的会计科 | 占用资金 | 发生金额（不 | 度占用资金 | 累计发生 | 年末占用 | 成原因 | 占用性质 | | | | | 联关系 | 目 | 余额 | 含利息） | 的利息 | 额 | 资金余额 | | | | | | 北京华清瑞达 | | | | | | | | | 非经营性 | | 上市公司的 | | 科技有限公司 | 全资子公司 | 其他应收款 | 5,712.65 | | ...

证券代码：300342 证券简称：天银机电 公告编码：2025-031 常熟市天银机电股份有限公司 2025年8月22日，常熟市天银机电股份有限公司（以下简称"公司"）召开了 第五届董事会第二十一次会议及第五届监事会第十五次会议，审议通过了《关于 <常熟市天银机电股份有限公司2025年半年度报告及摘要>的议案》。 为使投资者全面了解本公司的经营成果、财务状况，公司《2025年半年度报 告》、《2025年半年度报告摘要》于2025年8月23日在中国证监会指定的创业板信 息披露网站巨潮资讯网（http://www.cninfo.com.cn）披露，敬请投资者注意查阅。 特此公告。 常熟市天银机电股份有限公司董事会 2025年8月22日 2025年半年度报告披露提示性公告 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。 ...

常熟市天银机电股份有限公司 2025 年半年度财务报告 常熟市天银机电股份有限公司 2025 年半年度财务报告 2025 年 8 月 22 日 1 常熟市天银机电股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：常熟市天银机电股份有限公司 2025 年 06 月 30 日 | | | 单位：元 | | --- | --- | --- | | 项目 | 期末余额 | 期初余额 | | 流动资产： | | | | 货币资金 | 188,619,020.17 | 324,065,088.64 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 114,693,338.22 | 120,480,129.14 | | 应收账款 | 487,855,163.24 | 542,016,446.00 | | 应收款项融资 | 86,675,129.00 | 51,629,313.09 | | 预付款项 ...

Market Overview - The home appliance parts sector increased by 0.68% on August 22, with Haida leading the gains [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] Stock Performance - Haida (code: 6659588) saw a significant rise of 14.82%, closing at 61.50, with a trading volume of 38,600 and a turnover of 226 million [1] - Weisheng New Materials (code: 002290) increased by 10.00%, closing at 32.89, with a trading volume of 148,400 and a turnover of 47.5 million [1] - Other notable performers included Chunguang Technology (code: 603657) up 7.13% and Zhucheng Technology (code: 301280) up 5.36% [1] Capital Flow - The home appliance parts sector experienced a net outflow of 308 million from institutional investors, while retail investors saw a net inflow of 227 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Individual Stock Capital Flow - Weisheng New Materials had a net inflow of 1.12 billion from institutional investors, but a net outflow of 72.44 million from speculative funds [3] - Haida received a net inflow of 35.93 million from institutional investors, while it faced a net outflow of 10.59 million from speculative funds [3] - Zhucheng Technology attracted a net inflow of 33.06 million from institutional investors, with a minor outflow from speculative funds [3]

Core Insights - The report highlights the significant growth in net profits for several companies, with Jinli Permanent Magnet (金力永磁) reporting a 154.81% year-on-year increase in net profit for the first half of 2025, proposing a dividend of 0.18 yuan per share [9] - Fuyao Glass (福耀玻璃) also showed strong performance, with a net profit of 4.804 billion yuan for the first half of 2025, reflecting a 37.34% year-on-year growth and proposing a dividend of 0.9 yuan per share [9] - The report notes the rising prices in the photovoltaic film sector due to increased costs and improved supply-demand dynamics, indicating potential investment opportunities in related stocks such as Saiwu Technology (赛伍技术) and Jusaylong (聚赛龙) [7] Industry Dynamics - The report mentions that the China Securities Regulatory Commission is gradually expanding the range of futures and options products available for qualified foreign investors [5] - The Henan Provincial Financial Office states that the Zhengzhou Commodity Exchange is becoming a significant global center for futures trading, pricing, and risk management [5] - The report indicates a technological breakthrough in the mass production of monocrystalline chips, with related companies like Hite High-tech (海特高新) and Kaide Quartz (凯德石英) being highlighted [7] - The satellite internet sector in China is accelerating its network deployment, with companies such as Tongyu Communication (通宇通讯) and Tianyin Machinery (天银机电) being mentioned as key players [7] Market Overview - On August 20, the market experienced a rebound, with the Shanghai Composite Index, Shenzhen Component Index, and Sci-Tech Innovation 50 Index all reaching new highs for the year [11] - The total trading volume in the Shanghai and Shenzhen markets was 2.41 trillion yuan, a decrease of 180.1 billion yuan from the previous trading day, marking the sixth consecutive day of trading volume exceeding 2 trillion yuan [11] - The report notes a mixed performance among sectors, with chip stocks experiencing a surge, while high-priced stocks faced significant declines [11] - The outlook suggests a strong market momentum, with a focus on maintaining a watchful eye on the 5-day moving average for potential market movements [11]