Core Viewpoint - Tianqin Equipment (300922.SZ) announced that shareholder Zhang Peng plans to reduce his stake in the company by up to 1.5704 million shares within three months after the announcement date, representing 1.0000% of the total share capital after excluding shares held in the company's repurchase special securities account [1] Summary by Category - Shareholder Action - Zhang Peng intends to reduce his holdings through centralized bidding transactions [1] - The maximum number of shares to be sold is 1.5704 million [1] - This reduction represents 1.0000% of the total share capital after excluding repurchased shares [1]

Core Viewpoint - Tianqin Equipment (300922.SZ) announced that shareholder Zhang Peng plans to reduce his stake in the company by up to 1.5704 million shares within three months through centralized bidding, which represents 1.0000% of the total share capital after excluding shares held in the company's repurchase special securities account [1] Summary by Category - Shareholder Action - Zhang Peng intends to reduce his holdings in Tianqin Equipment by a maximum of 1.5704 million shares [1] - The reduction will occur within three months following the announcement date [1] - Shareholding Impact - The planned reduction accounts for 1.0000% of the total share capital, excluding shares in the repurchase account [1]

股东张澎持有本公司股份 3,256,921 股（占剔除本公司回购专用证券账户中的股份 数量后总股本比例 2.0739%），计划在本公告披露之日起十五个交易日后的三个月内以集 中竞价交易方式减持本公司股份不超过 1,570,400 股（占剔除本公司回购专用证券账户 中的股份数量后总股本比例 1.0000%）。 上述股东采取集中竞价交易方式减持，在任意连续 90 个自然日内减持股份总数不超 过公司股份总数的 1%。 证券代码：300922 证券简称：天秦装备 公告编号：2025-071 秦皇岛天秦装备制造股份有限公司 关于股东减持股份预披露公告 股东张澎保证向本公司提供的信息内容真实、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： 若计划减持期间出现增发新股、可转换公司债券转股、送股、转增股本、配股等除 权除息事项，按照比例不变的原则对减持数量进行调整。本次减持股份比例中的公司总 股本基数均为剔除本公司回购专用证券账户中的股份数量后的总股本。 秦皇岛天秦装备制造股份有限公司（以下简称"公司"、"本公司"或"发行人"） 于近日收到股 ...

Market Overview - The ground armament sector experienced a slight decline of 0.17% on September 22, with North China Long Dragon leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Notable stock performances included: - Optoelectronics Co. (600184) rose by 2.40% to a closing price of 18.34, with a trading volume of 129,500 shares and a turnover of 235 million yuan [1] - ST Emergency (300527) increased by 1.56% to 8.47, with a trading volume of 184,500 shares and a turnover of 155 million yuan [1] - North Navigation (600435) saw a modest increase of 0.56% to 14.30, with a trading volume of 302,200 shares and a turnover of 430 million yuan [1] - Longcheng Military Industry (601606) fell by 0.62% to 46.62, with a significant turnover of 1.797 billion yuan [1] Capital Flow - The ground armament sector saw a net outflow of 397 million yuan from institutional investors and 203 million yuan from retail investors, while individual investors contributed a net inflow of 601 million yuan [2] - Detailed capital flow for specific stocks indicated: - ST Emergency had a net inflow of 18.59 million yuan from institutional investors, but a net outflow from retail investors [3] - North Navigation experienced a net outflow of 17.47 million yuan from institutional investors, with a small net inflow from retail investors [3] - Longcheng Military Industry faced a net outflow of 49.25 million yuan from institutional investors, while retail investors contributed positively [3]

Market Overview - The ground equipment sector increased by 1.35% on September 19, with Tianqin Equipment leading the gains [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Tianqin Equipment (300922) closed at 27.68, up 10.90% with a trading volume of 245,000 shares and a transaction value of 661 million yuan [1] - Inner Mongolia First Machinery (600967) closed at 19.51, up 2.41% with a trading volume of 909,300 shares and a transaction value of 1.8 billion yuan [1] - Northern Navigation (600435) closed at 14.22, up 2.23% with a trading volume of 480,300 shares and a transaction value of 683 million yuan [1] - Other notable stocks include Northern Long Dragon (301357) at 125.10, up 1.19%, and Zhongbing Hongjian (000519) at 18.14, up 1.00% [1] Capital Flow - The ground equipment sector saw a net inflow of 391 million yuan from institutional investors, while retail investors experienced a net outflow of 307 million yuan [2] - The main capital flow data indicates that Inner Mongolia First Machinery had a net inflow of 188 million yuan from institutional investors [3] - Tianqin Equipment also saw a significant net inflow of 75 million yuan from institutional investors, despite a net outflow of 35 million yuan from retail investors [3]

Group 1 - The military equipment sector experienced a notable increase in stock prices on September 19, with several companies showing significant gains [1] - Hangya Technology saw its stock price rise by over 10%, indicating strong market interest and potential investor confidence [1] - Other companies in the sector, including AVIC Chengfei, North Long Dragon, Tianqin Equipment, Aerospace Technology, and Inner Mongolia First Machinery, also reported upward movements in their stock prices [1]

Market Overview - The ground equipment sector experienced a decline of 1.5% on September 18, with Jieqiang Equipment leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Individual Stock Performance - Notable gainers included Guoke Chegong, which rose by 2.93% to a closing price of 49.82, and Tianqiao Equipment, which increased by 1.55% to 24.96 [1] - Conversely, Jieqiang Equipment fell by 3.74% to 43.46, and other significant decliners included Beifang Navigation and Inner Mongolia First Machinery, which dropped by 1.56% and 2.11%, respectively [2] Trading Volume and Capital Flow - The ground equipment sector saw a net outflow of 176 million yuan from institutional investors, while retail investors contributed a net inflow of 152 million yuan [2] - The total trading volume for the sector was significant, with Guoke Chegong achieving a transaction amount of 437 million yuan and Longcheng Military Industry reaching 2.798 billion yuan [1][2] Capital Flow Analysis - Longcheng Military Industry had a net inflow of 130 million yuan from institutional investors, while Jieqiang Equipment faced a net outflow of approximately 38 million yuan [3] - Retail investors showed a strong interest in ST Emergency, which had a net inflow of 30 million yuan, despite the overall negative sentiment in the sector [3]

Market Overview - The ground equipment sector experienced a decline of 0.3% on September 17, with North China Long Dragon leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Stock Performance - Notable stock performances include: - Tianzuo Equipment (300922) closed at 24.58, up 1.57% with a trading volume of 59,400 shares and a turnover of 146 million yuan [1] - ST Emergency (300527) closed at 8.60, up 1.42% with a trading volume of 298,800 shares and a turnover of 260 million yuan [1] - North China Long Dragon (301357) closed at 126.98, down 1.60% with a trading volume of 49,300 shares and a turnover of 626 million yuan [2] Capital Flow - The ground equipment sector saw a net outflow of 387 million yuan from institutional investors, while retail investors had a net inflow of 363 million yuan [2] - The capital flow for individual stocks shows: - Inner Mongolia First Machinery (600967) had a net inflow of 58.89 million yuan from institutional investors [3] - North China Navigation (600435) experienced a net outflow of 49.26 million yuan from institutional investors [3] - Galaxy Electronics (002519) had a significant net outflow of 15.13 million yuan from institutional investors [3]

Core Viewpoint - The company is addressing concerns regarding its declining net profit margin and is implementing strategies to enhance profitability through product optimization, cost control, and innovation [1]. Group 1: Profitability and Future Outlook - The company acknowledges a decrease in net profit margin due to changes in product structure, fluctuations in raw material prices, and increased expenses related to stock options and strategic investments [1] - Management is focused on improving performance by optimizing product structure, enhancing cost control, and extending the value chain [1]. Group 2: Financing and M&A Strategy - The company is evaluating its refinancing plan based on its development status, market conditions, and industry trends [2] - In line with national policies encouraging mergers and acquisitions, the company is actively seeking quality assets in the military industry chain, new materials, and advanced manufacturing [2]. Group 3: Emerging Market Expansion - The company is exploring applications of engineering plastics and polyester in artificial intelligence and humanoid robotics [3] - There is an ongoing effort to investigate the use of polymer and composite materials in unmanned aerial vehicles and intelligent robotic systems [3]. Group 4: Industrial Park and Performance Sustainability - The new industrial park project is progressing well, with all main structures completed and expected to be operational by the end of 2025 [4] - The company believes in the growth potential of the military industry and aims to achieve sustainable development through customer demand exploration and new product development [4]. Group 5: Investor Relations and Competitive Advantage - The company prioritizes investor protection and communication, maintaining a commitment to accurate information and shareholder returns [5] - The core competitive advantage lies in advanced processing and application technologies for polymer materials in the military sector, with plans to expand into civilian markets [5].

Financial Performance - The company's net profit margin has experienced a decline compared to previous years, influenced by product structure changes, raw material price fluctuations, and strategic investments [2][3] - The company aims to optimize product structure and enhance cost control to improve profitability [2][3] Strategic Initiatives - The company is actively exploring mergers and acquisitions in the military industry chain and advanced manufacturing sectors to enhance its capabilities [3][4] - A dedicated team has been established to focus on strategic investments and acquisitions [3] Market Opportunities - The company is investigating applications of high polymer and composite materials in intelligent equipment and robotics [4][5] - There is a strong focus on expanding into the unmanned and intelligent product markets [4][5] Production Capacity - A new industrial park is under construction, expected to be completed by the end of 2025, which will enhance production capacity and support new product development [4][5] - The company is currently completing the construction of supporting facilities for the new industrial park [4] Order and Revenue Outlook - The defense industry is expected to see a growth in demand, with a projected 7.2% increase in China's defense budget for 2025 [5][6] - The company is well-positioned to secure more quality orders due to its strong customer base and industry qualifications [5][6] Investor Relations - The company emphasizes communication with investors through various channels and maintains a clear dividend policy [6][7] - A share buyback plan was executed, repurchasing 1,541,300 shares, representing 0.97% of the total share capital [7][8] Risk Management - The company is aware of various risks and has measures in place to address them, as detailed in its semi-annual report [8][9] - Continuous monitoring of market conditions and internal operations is prioritized to mitigate risks [8][9] Competitive Advantage - The company holds a leading position in high polymer material processing and application technology within the domestic market [9][10] - It aims to diversify its product offerings and expand into civilian markets through strategic investments and acquisitions [9][10]