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ERP概念下跌3.00%,6股主力资金净流出超亿元
Zheng Quan Shi Bao Wang· 2025-08-08 08:33
Market Performance - The ERP concept index declined by 3.00%, ranking among the top declines in the concept sector as of the market close on August 8 [1] - Within the ERP sector, major decliners included Dingjie Zhizhi, Saiyi Information, and Yonyou Network, while only five stocks saw price increases, with Jingda Co., Changrong Co., and Jian Design leading the gains at 0.78%, 0.50%, and 0.48% respectively [1] Capital Flow - The ERP concept sector experienced a net outflow of 2.465 billion yuan, with 25 stocks facing net outflows, and six stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Hand Information, with a net outflow of 479 million yuan, followed by Dingjie Zhizhi, Yonyou Network, and Runhe Software with net outflows of 471 million yuan, 343 million yuan, and 338 million yuan respectively [2][3] - Conversely, the stocks with the highest net inflows included Jingda Co., Yingtang Zhikong, and Aerospace Information, with net inflows of 38.63 million yuan, 16.47 million yuan, and 5.59 million yuan respectively [2][3]
计算机设备行业上市公司财务总监PK:西陇科学张丽年龄最小,31岁,2023年7月开始任职
Xin Lang Cai Jing· 2025-08-07 10:26
数据显示,截止7月29日,A股市场共有5817家上市公司。作为上市公司核心管理层关键成员,财务总 监CFO不仅需要确保公司财务稳健、资金高效运转,更需要从财务视角为公司的战略制定提供支撑,其 能力与决策直接影响公司的财务健康、战略成败、资本市场形象乃至生存风险。据2024年年报显示,去 年A股CFO(财务总监、财务负责人等)薪酬合计达42.43亿元,平均薪酬76.03万元。 专题:专题|2024年度A股董秘数据报告:1144位董秘年薪超百万 占比超21% 在计算机设备行业中,CFO薪酬与企业业绩表现出显著的相关关系。其中,四个薪酬段对应的营收增速 分别为3.42%、6.34%、8.75%,随CFO薪酬增长而显著提升。其对应的归母净利润增速分别为-1.08%、 6.73%、16.47%,也与CFO薪酬表现出显著的相关性。 MACD金叉信号形成,这些股涨势不错! 从学历角度来看,除去一位缺失学历信息的CFO后,余下70位CFO中本科和硕士学历分别有32位、29 位,共计61位,占比为86%。值得注意的是,计算机设备行业中大专学历平均薪酬高于本、硕、博平均 薪酬,主要是由于大专学历平均薪酬受到大华股份徐巧芬207. ...
计算机设备行业上市公司财务总监PK:57岁为薪酬最高年龄段,主要由金宏气体宗卫忠169.87万元高薪拉动
Xin Lang Cai Jing· 2025-08-07 10:26
专题:专题|2024年度A股董秘数据报告:1144位董秘年薪超百万 占比超21% 数据显示,截止7月29日,A股市场共有5817家上市公司。作为上市公司核心管理层关键成员,财务总 监CFO不仅需要确保公司财务稳健、资金高效运转,更需要从财务视角为公司的战略制定提供支撑,其 能力与决策直接影响公司的财务健康、战略成败、资本市场形象乃至生存风险。据2024年年报显示,去 年A股CFO(财务总监、财务负责人等)薪酬合计达42.43亿元,平均薪酬76.03万元。 分行业来看,计算机设备行业信息完备的上市公司CFO共有71位,2024年CFO平均薪酬为77.37万元, 在124个申万一级行业中排名第75位,CFO薪资水平处于行业中游。此外, 2024年计算机设备行业CFO 平均薪资水平相较上年下降1.67万元,薪酬增幅在124个申万一级行业中排名第96位,处于行业中下游 水平。 从年龄角度来看,71位CFO的年龄分布在35到60岁之间,其中44-48岁的CFO数量最多,为27位,占比 近四成。其中,53岁为平均薪酬最高的年龄段,平均薪酬高达163.70万元,主要是由大华股份徐巧芬 207.4万元的高薪拉动。 MACD金 ...
计算机设备行业上市公司财务总监PK:唯一大专学历CFO为华特气体郭湛泉,薪酬仅有36.36万元
Xin Lang Cai Jing· 2025-08-07 10:25
从学历角度来看,除去一位缺失学历信息的CFO后,余下70位CFO中本科和硕士学历分别有32位、29 位,共计61位,占比为86%。值得注意的是,计算机设备行业中大专学历平均薪酬高于本、硕、博平均 薪酬,主要是由于大专学历平均薪酬受到大华股份徐巧芬207.4万元的高薪拉动。 专题:专题|2024年度A股董秘数据报告:1144位董秘年薪超百万 占比超21% 数据显示,截止7月29日,A股市场共有5817家上市公司。作为上市公司核心管理层关键成员,财务总 监CFO不仅需要确保公司财务稳健、资金高效运转,更需要从财务视角为公司的战略制定提供支撑,其 能力与决策直接影响公司的财务健康、战略成败、资本市场形象乃至生存风险。据2024年年报显示,去 年A股CFO(财务总监、财务负责人等)薪酬合计达42.43亿元,平均薪酬76.03万元。 分行业来看,计算机设备行业信息完备的上市公司CFO共有71位,2024年CFO平均薪酬为77.37万元, 在124个申万一级行业中排名第75位,CFO薪资水平处于行业中游。此外, 2024年计算机设备行业CFO 平均薪资水平相较上年下降1.67万元,薪酬增幅在124个申万一级行业中排名第9 ...
新模式下的上市公司易主!“国资+产业”式并购兴起
Sou Hu Cai Jing· 2025-06-15 12:42
Group 1 - The core viewpoint of the article highlights the emergence of a new paradigm in mergers and acquisitions (M&A) involving local state-owned enterprises (SOEs) partnering with industry players, termed "friend circle" acquisitions [1][4][12] - The acquisition structure of Qiming Venture Partners acquiring Tianmai Technology showcases a complex "dual GP + related party management" model, which has sparked discussions among institutional investors [1][5] - Local SOEs are increasingly focusing on professional and profitable partnerships, moving away from traditional equity appreciation to emphasize招商 (investment attraction) and the cultivation of new productive forces [1][12] Group 2 - Recent examples of "SOE + industry" acquisitions include companies like Yueling Co., Haina Technology, and Chaoda Equipment, indicating a growing trend in this type of M&A [2] - The regulatory environment is evolving, with the China Securities Regulatory Commission supporting private equity funds in acquiring listed companies for industrial integration, which is expected to provide new business transformation opportunities for investment institutions [5][6] - The trend of local SOEs collaborating with private equity firms and industry players is becoming more pronounced, as seen in the case of Haina Technology, where a local SOE partnered with a private equity firm for control [6][9] Group 3 - The "friend circle" acquisition model is seen as a way to enhance the success rate of M&A transactions by leveraging the expertise and resources of various partners [7][15] - Local SOEs are increasingly engaging in competitive bidding for quality acquisition targets, as evidenced by the case of Tongyu Heavy Industry, where the controlling stake changed hands among different local SOEs [9][10] - The "merger-based招商" approach is gaining traction, with local governments and SOEs focusing on attracting listed companies to bolster local economies and industries [12][14] Group 4 - The involvement of local SOEs in M&A often occurs during critical transformation phases for the target companies, which can lead to significant operational performance improvements or failures [14][15] - The complexity of M&A transactions means that the success rate remains low, and local SOEs must navigate challenges related to integration and management post-acquisition [15][16] - The dual nature of the new acquisition model raises concerns about potential risks, such as weakened control and integration challenges, but overall optimism remains regarding its effectiveness [15][16]
创投月报 | 启明创投:斥4.52亿入主天迈科技 5月投资事件数同、环比激增
Xin Lang Zheng Quan· 2025-06-06 03:13
Group 1 - In May 2025, the number of newly registered private equity and venture capital fund managers in China dropped to 2, a decrease of 83.3% compared to April and a 60% decline year-on-year [1] - A total of 339 new private equity and venture capital funds were registered, marking a year-on-year increase of 55.5% but a month-on-month decrease of 18.7% [1] - The domestic primary equity investment market recorded 428 financing events, representing a year-on-year and month-on-month decrease of 13.6% and 18.0%, respectively, with a total disclosed financing amount of approximately 18.233 billion yuan, remaining stable compared to May 2024 but down 21.5% from March 2025 [1] Group 2 - Qiming Venture Partners managed a total capital of 9.5 billion USD (over 69 billion yuan) across 11 USD funds and 7 RMB funds, having invested in over 530 companies in technology, consumer, and healthcare sectors [2] - As of May 2025, Qiming Venture Partners registered only one fund, the Suzhou Qichen Hengyuan Equity Investment Partnership, with a registered capital of 460 million yuan, which is intended for acquiring shares in Tianmai Technology [2] - The acquisition of 26.1% of Tianmai Technology for 452 million yuan positions Qiming as the controlling shareholder, with the company’s market value at 1.732 billion yuan [2] Group 3 - Tianmai Technology, established in 2004, focuses on intelligent public transportation solutions but has faced declining performance due to reduced passenger traffic and local government subsidies [3] - Qiming Venture Partners aims to leverage its resources to help Tianmai Technology reduce costs and explore new markets to reverse its operational decline [3] - In the reported period, Qiming disclosed 4 equity investment events, showing a significant increase of 300% year-on-year and month-on-month [3] Group 4 - In May 2025, Qiming's participation in B-round projects accounted for 75% of its investments, with a notable investment in medical device company "Pam Medical" [5] - Qiming also invested in the AI sector, specifically in a company developing general-purpose robots [5] Group 5 - Haobo Pharmaceutical completed a 50 million USD B+ round financing, with funds aimed at supporting the clinical development of its innovative drug AHB-137 for chronic hepatitis B [7] - Qiming has previously invested in Haobo during its A and B rounds, totaling 11 million USD [8]
启明创投拟入主天迈科技 一级市场基金探索并购新路径
经济观察报· 2025-06-01 05:07
Core Viewpoint - The acquisition of Tianmai Technology by a private equity fund is expected to be the first case of a private equity fund acquiring a listed company in the A-share market, supported by regulatory authorities, and will serve as a window for observing regulatory trends in the market [1][3]. Group 1: Acquisition Details - Tianmai Technology announced on May 23, 2025, that the venture capital firm Qiming Venture Partners will acquire a total of 26.10% of its shares through its fund, Suzhou Industrial Park Qichen Hengyuan Equity Investment Partnership [2][5]. - The original controlling shareholders, Guo Jianguo and Tian Shufen, will relinquish their voting rights, making Suzhou Qichen the controlling shareholder post-transaction [2][6]. - The transaction is subject to compliance review by the Shenzhen Stock Exchange and other regulatory approvals [2][3]. Group 2: Financial Performance and Commitments - Tianmai Technology has reported continuous losses over the past five years, with net profits attributable to the parent company being -15.27 million, -49.81 million, -20.90 million, -54.87 million, and -60.83 million from 2020 to 2024 [7]. - The agreement includes performance commitments to maintain the company's listing status, requiring that revenue remains above 100 million and that net profit does not exceed -30 million in 2025, with no losses in 2026 [7]. Group 3: Fund Structure and Background - Suzhou Qichen was established on January 23, 2025, with Suzhou Qihan as the general partner responsible for daily management and decision-making [9][10]. - The largest limited partner in Suzhou Qichen is Yuanhe Dingsheng, backed by state-owned capital, indicating a blend of private and public investment in the acquisition [10][11]. - The dual general partner structure, involving both private and state-owned entities, is seen as a transparent and compliant model for the transaction [12].
启明创投拟入主天迈科技 一级市场基金探索并购新路径
Jing Ji Guan Cha Wang· 2025-06-01 03:31
Core Viewpoint - The article discusses the acquisition of Tianmai Technology by a private equity fund, highlighting the shift towards mergers and acquisitions in the context of tightened IPO regulations, marking a significant case in the A-share market for private equity fund acquisitions of listed companies [2][3]. Group 1: Acquisition Details - Tianmai Technology announced a change in control, with Suzhou Yichen becoming the controlling shareholder after acquiring 26.10% of the shares [2][5]. - The acquisition involves a transfer agreement where the original controlling shareholders, Guo Jianguo and Tian Shufen, will relinquish their voting rights, reducing their shareholding from 49.73% to 23.63% [5][6]. - The acquisition price is set at 452 million yuan for 17.76 million shares, representing a 26.10% stake [5]. Group 2: Regulatory Context - The transaction is subject to compliance review by the Shenzhen Stock Exchange and other regulatory approvals, following the "9·24 New Policy" from the China Securities Regulatory Commission, which supports private equity fund acquisitions for industrial integration [3][6]. - If successful, this acquisition will be the first case of a private equity fund acquiring a listed company in the A-share market under the new regulatory framework [3]. Group 3: Financial Performance and Commitments - Tianmai Technology has reported losses for five consecutive years, with net profits from 2020 to 2024 being -15.27 million, -49.81 million, -20.90 million, -54.87 million, and -60.83 million yuan respectively [7]. - The agreement includes performance commitments to maintain the company's listing status, requiring the company to achieve a minimum revenue of 100 million yuan and a net profit of no more than -30 million yuan in 2025 [7]. Group 4: Fund Structure and Management - Suzhou Yichen was established on January 23, 2025, with Suzhou Yihan as the general partner responsible for daily management [8][11]. - The fund's major limited partners include state-owned enterprises, indicating a blend of private and public capital in the acquisition structure [9][10]. - The dual general partner structure aims to ensure transparency and compliance, facilitating a smoother integration of private equity into the governance of listed companies [12].
VC/PE周报 | 知名消费PE募资百亿美元,首单民营创投科创债落地
Mei Ri Jing Ji Xin Wen· 2025-05-30 11:08
Fundraising Activities - L Catterton announced a successful fundraising round with approximately $11 billion in capital commitments, marking the highest fundraising scale in the history of its flagship buyout fund, growth fund, and European fund [2] - Cathay Innovation Fund completed its third phase fundraising, reaching $1 billion, making it the largest AI-focused fund in the EU [3] - Ctrip Group established a tourism innovation fund with a total investment of 1 billion yuan, focusing on long-term investments in innovative projects [4] - Shenzhen Oriental Fortune Investment Management received approval to issue technology innovation bonds, marking the first private venture capital tech innovation bond in the market [5][6] Investment Focus and Strategy - L Catterton's fundraising reflects institutional investors' long-term confidence in quality consumer assets, shifting the focus from traffic-driven growth to product and brand competitiveness [2] - Cathay Innovation Fund emphasizes deep applications of AI in specific industries rather than general infrastructure, indicating a shift from technology worship to scenario-driven investments [3] - The new tourism innovation fund by Ctrip aims to reshape destination growth models and promote cross-industry collaboration [4] - The technology innovation bonds will target strategic emerging industries such as AI, digital economy, new energy, and biomedicine [6] Mergers and Acquisitions - Tianmai Technology disclosed that Qiming Venture Partners will acquire a 26.10% stake, potentially becoming the controlling shareholder, marking a significant case of private equity involvement in public company acquisitions [7] Robotics Sector Developments - Lumos Robotics completed a second angel round of financing, raising nearly 200 million yuan in total, indicating a trend towards industrialization in the embodied intelligence sector [8] - Diguang Robotics announced a $100 million Series A financing round, focusing on developing a comprehensive product system from chips to software [9]
启明创投系操盘控股天迈科技背后:控股权稳定性与提前锁价的合规性何解
Xin Lang Zheng Quan· 2025-05-30 10:17
Core Viewpoint - The acquisition of Tianmai Technology by Qiming Venture Partners raises two main concerns: the stability of control led by private equity funds and the compliance of the "pre-investment and post-fundraising" strategy with regulatory requirements [1][2]. Group 1: Control Change and Stability - Tianmai Technology's controlling shareholder has changed, with the new acquirer being Suzhou Qichen Hengyuan Equity Investment Partnership, which is linked to Qiming Venture Partners [1][2]. - The stability of control under private equity management is questioned, particularly regarding the potential impact of complex investor structures and regulatory constraints on the company's governance [6]. Group 2: Pricing and Compliance - The share transfer price for Tianmai Technology is set between 24.25 CNY and 28.26 CNY per share, which aligns with the regulatory requirement that the transfer price should not be lower than 80% of the previous trading day's closing price [2][3]. - The "pre-investment and post-fundraising" strategy has raised concerns about whether the pricing needs to be adjusted following the change in the controlling entity, as regulatory guidelines stipulate that any changes in the agreement necessitate a re-evaluation of the price [7]. Group 3: Company Performance and Risks - Tianmai Technology has faced continuous losses over the past four years, with net profits of -37.27 million CNY, -0.85 million CNY, -50.07 million CNY, and -59.31 million CNY from 2021 to 2024, raising concerns about its financial viability [8]. - The company's revenue has been declining, with recent figures around 160 million CNY, which could lead to delisting risks if performance does not improve [8]. Group 4: Industry Position and Future Prospects - Tianmai Technology operates in the smart public transportation sector, providing solutions that cover over 400 cities and 700 transportation enterprises in China, indicating a strong market presence [9]. - The collaboration with Qiming Venture Partners, which has expertise in technology sectors such as AI and robotics, may enhance Tianmai Technology's innovation and business expansion capabilities [9].