Core Viewpoint - The company reported a strong financial performance for the first three quarters of 2025, with significant year-on-year growth in revenue and net profit, while also focusing on global localization strategies and product expansion to enhance market presence [1][2][4]. Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 660 million yuan, representing a year-on-year increase of 19%. The net profit attributable to shareholders was 91 million yuan, up 23% year-on-year. The net profit excluding non-recurring items was 85 million yuan, reflecting a 17% increase year-on-year. The gross margin was 32.7%, down 2.2 percentage points year-on-year [1]. - In Q3 2025 alone, the company recorded a revenue of 230 million yuan, also up 19% year-on-year, but flat compared to the previous quarter. The net profit excluding non-recurring items was 26 million yuan, unchanged year-on-year but down 13% quarter-on-quarter. The gross margin for Q3 was 31.7%, down 4.1 percentage points year-on-year and 0.6 percentage points quarter-on-quarter [1]. Strategic Initiatives - The company is actively pursuing a global localization strategy, having acquired German CALOR and French RTT companies to enhance its product development and local service capabilities. A new subsidiary was established in Singapore to expand into emerging markets and improve overseas operational networks [2]. - As of Q3 2025, the company reported inventory of 200 million yuan, a 39% increase year-on-year, primarily due to the addition of inventory from the newly acquired subsidiaries and increased raw material stock [2]. - The company is also focusing on expanding product applications in emerging industries, particularly in IoT and Industry 4.0, by developing high-performance thermal transfer ribbon products tailored to specific needs [2]. - Key projects are progressing, including the construction of a new production line for intelligent identification materials, which has completed its infrastructure and is currently in the equipment installation phase [2]. Technological Development - The company is exploring new technology fields, particularly in UV materials, which offer advantages such as rapid curing, low energy consumption, and no VOC emissions. These materials are being promoted for applications in soft packaging and labeling, with initial sales already achieved [3]. Profit Forecast and Valuation - The company forecasts revenues of 910 million, 1.07 billion, and 1.24 billion yuan for 2025 to 2027, with year-on-year growth rates of 19%, 18%, and 17%, respectively. The net profit attributable to shareholders is expected to be 130 million, 180 million, and 230 million yuan, with growth rates of 41%, 35%, and 29%. The three-year compound growth rate is projected at 35%, with corresponding price-to-earnings ratios of 22, 16, and 12 times [4].

Core Insights - The company reported a third-quarter revenue of 231 million yuan, representing a year-on-year growth of 18.74% [1] - The net profit for the third quarter was 28.48 million yuan, showing a year-on-year increase of 6.30% [1] - For the first three quarters of 2025, the total revenue reached 662 million yuan, with a year-on-year growth of 19.29% [1] - The net profit for the first three quarters was 91.09 million yuan, reflecting a year-on-year increase of 22.94% [1]

Core Viewpoint - Tian Di Digital reported a revenue of 662 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 19.29% and a net profit of 91.09 million yuan, which is a year-on-year increase of 22.94% [1] Financial Performance - The company's revenue for the first three quarters of 2025 reached 662 million yuan, marking a 19.29% increase compared to the same period last year [1] - The net profit for the same period was 91.09 million yuan, showing a growth of 22.94% year-on-year [1]

Core Viewpoint - Tian Di Digital (300743) reported its Q3 2025 financial results, showing significant growth in both revenue and net profit compared to the previous year [1] Financial Performance - The company's Q3 2025 revenue reached 231 million yuan, representing a year-on-year increase of 18.74% [1] - The net profit for Q3 2025 was 28.48 million yuan, reflecting a year-on-year growth of 6.30% [1] - For the first three quarters of 2025, the total revenue was 662 million yuan, which is a 19.29% increase compared to the same period last year [1] - The net profit for the first three quarters of 2025 amounted to 91.09 million yuan, showing a year-on-year increase of 22.94% [1]

Group 1 - The core viewpoint of the article highlights the financial performance of Tiandi Digital for the third quarter of 2023, showing significant growth in revenue and net profit compared to the previous year [1] - The company's revenue for the first three quarters of 2025 is approximately 662 million yuan, representing a year-on-year increase of 19.29% [1] - The net profit attributable to shareholders of the listed company is about 91.09 million yuan, reflecting a year-on-year increase of 22.94% [1] - Basic earnings per share stand at 0.59 yuan, which is a 22.92% increase year-on-year [1] Group 2 - As of the report, Tiandi Digital has a market capitalization of 2.8 billion yuan [2]

证券代码：300743 证券简称：天地数码 公告编号：2025-075 杭州天地数码科技股份有限公司 关于回购注销部分限制性股票的公告 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。 杭州天地数码科技股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日召开第四届董事会第二十四次会议和第四届监事会第二十四次会议，审议通过 了《关于回购注销部分限制性股票的议案》，公司 2023 年限制性股票激励计划 （以下简称"本次激励计划"）首次授予部分激励对象因离职、考核不达标不得 解除限售的 26,816 股限制性股票将由公司进行回购注销，现将有关事项公告如 下： 一、本次激励计划已履行的相关审批程序 1、2023 年 7 月 27 日，公司召开了第四届董事会第四次会议，审议通过了 《关于公司<2023 年限制性股票激励计划（草案）>及其摘要的议案》《关于公 司<2023 年限制性股票激励计划实施考核管理办法>的议案》《关于提请股东大 会授权董事会办理股权激励计划相关事宜的议案》，公司独立董事就本次激励计 划发表了同意的独立意见。 3、2023 年 7 月 ...

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于杭州天地数码科技股份有限公司 回购注销 2023 年限制性股票激励计划 部分限制性股票相关事宜的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 法律业务执业规则（试行）》等法律法规的规定以及本法律意见书出具日以前已 经发生或者存在的事实为基础发表法律意见。 2、本所及经办律师已根据有关法律法规的规定严格履行了法定职责，遵循 了勤勉尽责和诚实信用的原则，进行了充分的核查验证，保证本法律意见书所认 定的事实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、 误导性陈述或者重大遗漏，并承担相应的法律责任。 上海市锦天城律师事务所 关于杭州天地数码科技股份有限公司 回购注销 2023 年限制性股票激励计划 部分限制性股票相关事宜的法律意见书 致：杭州天地数码科技股份有限公司 上海市锦天城律师事务所（以下简称"锦天城"或"本所"）接受杭州天地 数码科技股份有限公司（以下简称"公司"或"天地 ...

证券代码：300743 证券简称：天地数码 公告编号：2025-073 杭州天地数码科技股份有限公司 第四届监事会第二十四次会议决议公告 本公司及监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、监事会会议召开情况 杭州天地数码科技股份有限公司(以下简称"公司")第四届监事会第二十 四次会议于2025年10月24日在浙江省杭州市临平区康信路600号公司会议室召开， 由监事会主席江涛先生主持，以现场投票的方式进行表决。本次监事会应参加表 决监事3名，实际参加表决监事3名，符合公司章程规定的法定人数。本次会议通 知于2025年10月14日通过电子邮件送达至各位监事，本次会议的召集、召开和表 决程序符合《中华人民共和国公司法》等法律、行政法规、部门规章、规范性文 件和《杭州天地数码科技股份有限公司章程》的有关规定。 二、监事会会议审议情况 (一) 审议通过了《关于公司2025年第三季度报告的议案》 表决结果：3票同意；0票反对；0票弃权。 1 (二) 审议通过了《关于回购注销部分限制性股票的议案》 经审议，监事会认为公司本次回购注销部分限制性股票的程序符合相关规定， 不会 ...

证券代码：300743 证券简称：天地数码 公告编号：2025-072 杭州天地数码科技股份有限公司 第四届董事会第二十四次会议决议公告 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 杭州天地数码科技股份有限公司(以下简称"公司")第四届董事会第二十 四次会议于2025年10月24日在浙江省杭州市临平区康信路600号公司会议室以现 场结合通讯表决的方式召开，由董事长韩琼先生主持。本次董事会应参加表决董 事9名，实际参加表决董事9名。公司监事和高级管理人员列席了本次会议。本次 会议通知于2025年10月14日通过电子邮件送达至各位董事，本次会议的召集、召 开和表决程序符合《中华人民共和国公司法》等法律、行政法规、部门规章、规 范性文件和《杭州天地数码科技股份有限公司章程》的有关规定。 二、董事会会议审议情况 (一) 审议通过了《关于公司2025年第三季度报告的议案》 公司编制《2025年第三季度报告》的程序符合法律、行政法规、中国证券监 督管理委员会和深圳证券交易所的规定，报告内容真实、准确、完整地反映了公 司2025年第三季度经营情况 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥231,176,357.23, representing an 18.74% increase year-over-year[5] - Net profit attributable to shareholders was ¥28,478,654.48, a 6.30% increase compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥25,811,378.12, showing a slight decrease of 0.03% year-over-year[5] - The company reported a 19.29% increase in total revenue for the first nine months of 2025, totaling ¥662,122,359.15[9] - The company's total operating revenue for the current period reached ¥662,122,359.15, an increase of 19.3% compared to ¥555,073,156.93 in the previous period[25] - The total profit for the current period is 107,334,477.27, an increase from 86,167,997.04 in the previous period, representing a growth of approximately 24.5%[26] - The net profit for the current period is 91,086,557.95, compared to 74,088,420.78 in the previous period, indicating a year-over-year increase of about 22.9%[26] - Basic earnings per share for the current period is 0.59, up from 0.48 in the previous period, reflecting an increase of about 22.9%[26] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥1,086,976,519.56, reflecting a 2.35% increase from the end of the previous year[5] - The company's total assets reached ¥1,086,976,519.56, up from ¥1,062,016,832.36, indicating a growth of 2.3%[24] - The total liabilities increased to ¥466,149,645.47 from ¥432,063,491.00, reflecting an increase of 7.9%[23] - The equity attributable to shareholders decreased to ¥620,826,874.09 from ¥629,953,341.36, a decline of 1.8%[24] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥74,086,550.59, up 47.44% compared to the same period last year[5] - The operating cash flow for the current period is 74,086,550.59, up from 50,250,114.96 in the previous period, reflecting a growth of approximately 47.5%[27] - The total cash inflow from operating activities is 718,405,181.64, compared to 639,313,169.83 in the previous period, marking an increase of about 12.4%[27] - The cash flow from investing activities shows a net outflow of -132,328,563.26, worsening from -36,982,142.94 in the previous period[28] - The cash flow from financing activities has a net outflow of -56,308,812.14, compared to -13,548,975.89 in the previous period, indicating a decline in financing activities[28] Shareholder Information - The total number of common shareholders at the end of the reporting period was 13,708[12] - The top shareholder, Liu Jianhai, holds 11.25% of the shares, amounting to 17,016,561 shares[12] - The company repurchased a total of 2,125,500 shares, representing 1.41% of the total share capital, with a total transaction amount of RMB 33,496,547[17] - The highest repurchase price was RMB 21.66 per share, while the lowest was RMB 14.17 per share[17] - The number of shares held by the top ten shareholders includes significant stakes from Pan Pudan (10.21%) and Han Qiong (9.34%)[12] - The total number of shares under lock-up conditions at the beginning of the period was 23,938,857, with 201,534 shares released during the period[16] - The total number of shares held by the top ten unrestricted shareholders includes 15,445,979 shares from Pan Pudan[12] - The company has no preferred shareholders or related parties involved in financing or margin trading activities[13] Operational Metrics - Research and development expenses increased by 23.85% to ¥22,151,678.80 for the first nine months of 2025, indicating a focus on innovation[9] - The company experienced a significant increase in inventory, which rose by 39.21% to ¥200,754,584.49, primarily due to acquisitions and increased raw material stock[9] - Total operating costs amounted to ¥558,882,217.58, up 19.5% from ¥467,571,379.58 in the previous period[25] - The company's operating profit was ¥107,217,545.70, compared to ¥86,246,575.75 in the previous period, reflecting a growth of 24.1%[25] - Cash and cash equivalents decreased to ¥172,690,433.94 from ¥286,531,920.98, a decline of 39.7%[22] - Accounts receivable increased to ¥211,215,560.36 from ¥189,940,483.35, representing an increase of 11.6%[22] - Inventory rose significantly to ¥200,754,584.49 from ¥144,213,553.50, marking an increase of 39.3%[22] - Short-term borrowings increased to ¥173,384,978.12 from ¥115,065,224.50, a rise of 50.7%[23] - The tax expenses for the current period are 16,247,919.32, compared to 12,079,576.26 in the previous period, which is an increase of about 34.5%[26] Comprehensive Income - The total comprehensive income for the current period is 95,174,197.24, an increase from 75,286,490.19 in the previous period, representing a growth of approximately 26.5%[26]