（文章来源：证券日报） 证券日报网讯 9月5日晚间，天亿马发布公告称，公司于2025年9月4日与中国银行股份有限公司汕头分 行签订了《最高额保证合同》，为全资子公司天亿马信息技术申请授信额度提供最高债权额连带责任保 证担保，以担保受信人按时足额清偿其在《综合授信协议》项下将产生的全部债务。保证范围内，所担 保的主债权最高本金余额为人民币叁仟陆佰万元整。上述担保事项在公司股东会审议通过的担保额度及 有效期内。截至本公告日，公司对合并报表范围内单位提供的实际担保余额为人民币11，815.37万元， 占公司2024年经审计净资产的15.58%。 ...

证券代码：301178 证券简称：天亿马 公告编号：2025-076 广东天亿马信息产业股份有限公司 关于为子公司申请融资额度提供担保的进展公告 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、担保情况概述 广东天亿马信息产业股份有限公司（以下简称"公司""天亿马"） 于 2025 年 4 月 18 日召开第三届董事会第三十次会议和第三届监事会 第二十六次会议，并于 2025 年 5 月 13 日召开了 2024 年年度股东会， 审议通过了《关于子公司拟申请综合授信额度并由公司为其提供担保 的议案》，同意全资子公司天亿马信息技术有限公司（以下简称"天 亿马信息技术"）向银行等金融机构申请总额度不超过 7,000 万元（人 民币元，下同）的融资额度，并由公司为实际贷款提供担保。 具体内容详见公司披露于巨潮资讯网（www.cninfo.com.cn）的 相关公告。 二、担保进展情况 净利润 -4,689,320.97 1,327,282.18 公司于 2025 年 9 月 4 日与中国银行股份有限公司汕头分行（以 下简称"中国银行"）签订了《最高额保证合同》， ...

Core Insights - The IT operations and maintenance (ITOM) industry is crucial for enhancing the core competitiveness of enterprises through digitalization, impacting management, production, and internet business sectors [1][6] - The ITOM market is projected to reach a scale of 364.72 billion yuan by 2024, indicating a stable growth phase driven by the demand for IT infrastructure upgrades from high-end clients like telecom operators and large banks [2][12] - The competitive landscape of the ITOM industry is highly fragmented, with numerous players and overlapping service areas, making industry experience and scale key factors for client selection [14][21] Industry Overview - ITOM is defined as the effective management of operational services through standardized frameworks and professional tools, aiming for autonomous asset management and decision support [1][6] - The ITOM service industry is categorized into several segments, including infrastructure operations, hardware maintenance, software maintenance, security operations, and comprehensive management services [6][8] Market Dynamics - The ITOM market is entering a stable growth phase, with a compound annual growth rate (CAGR) of 14.19% expected from 2018 to 2024, leading to an industry revenue of 1.37276 trillion yuan by 2024 [10][11] - The demand for ITOM services is broad, primarily from large and medium-sized enterprises in sectors such as finance, telecommunications, and government, which have high information technology needs [8][12] Competitive Landscape - The ITOM industry is characterized by a high degree of competition, with many companies vying for market share, and the ability to replicate successful experiences across different sectors is a significant competitive advantage [14][21] - Key players in the industry include companies like Guangdong Tianyima Information Industry Co., Ltd., which focuses on smart city solutions and has reported revenues of 224 million yuan in 2024 [16][17] Future Outlook - The report forecasts the development trajectory of the ITOM industry from 2025 to 2031, providing insights into market trends, investment opportunities, and potential risks [21][26]

据证券之星公开数据整理，近期天亿马（301178）发布2025年中报。截至本报告期末，公司营业总收入 1.46亿元，同比上升63.24%，归母净利润605.91万元，同比上升151.66%。按单季度数据看，第二季度 营业总收入9720.66万元，同比上升96.35%，第二季度归母净利润549.16万元，同比上升291.99%。本报 告期天亿马存货明显上升，存货同比增幅达255.64%。 建议关注公司现金流状况（货币资金/流动负债仅为90.93%、近3年经营性现金流均值/流动负债仅 为-12.04%） 建议关注公司债务状况（有息资产负债率已达25.16%、近3年经营性现金流均值为负） 证券之星价投圈财报分析工具显示： 业务评价：去年的净利率为-23.92%，算上全部成本后，公司产品或服务的附加值不高。从历史年报数 据统计来看，公司上市以来中位数ROIC为13.09%，投资回报也较好，其中最惨年份2024年的ROIC 为-6.88%，投资回报极差。公司历史上的财报相对一般（注：公司上市时间不满10年，上市时间越长财 务均分参考意义越大。），公司上市来已有年报3份，亏损年份1次，需要仔细研究下有无特殊原因。 财报体 ...

Core Insights - Tianyima (301178) reported a significant revenue increase of 63.24% year-on-year, reaching 146 million yuan in the first half of 2025, and achieved a net profit of 6.06 million yuan, marking a turnaround from losses [1][2] Group 1: Financial Performance - The notable revenue growth is attributed to successful expansion in emerging business areas, particularly in computing power services, which generated 30.08 million yuan with a gross margin of 46.48% [1] - The smart enterprise business segment achieved revenue of 43.45 million yuan, reflecting a robust year-on-year growth of 126.37% [1] Group 2: Strategic Initiatives - The company has identified "transformation" as a key theme for the year, with significant progress in business structure adjustments [1] - The successful delivery of the Shenzhen computing power cluster service project in February 2025 contributed to substantial revenue and profit [1] - In August, the company signed a contract for a domestic computing power project worth 57.82 million yuan, further solidifying its market position in the computing power service sector [1] Group 3: Digitalization and Expansion - In the realm of enterprise digitalization, the company has secured multiple software development projects with state-owned and large enterprises, enhancing its business scale and market influence [2] - The company is also pursuing external growth through capital platforms, with plans to acquire Xingyun Kaiwu, a national-level specialized "little giant" enterprise focused on integrated IoT smart hardware and SaaS cloud solutions [2]

Group 1 - The core viewpoint of the articles highlights the successful strategic transformation of Tianyima, resulting in significant growth in both revenue and net profit during the first half of 2025 [1][2] - In the first half of 2025, the company achieved an operating income of 146 million yuan, a year-on-year increase of 63.24%, and a net profit attributable to the parent company of 6.06 million yuan, marking a turnaround from loss to profit [1] - The substantial growth in operating performance is primarily attributed to the increase in computing power services and enterprise digitalization, with the latter achieving a revenue of 43.45 million yuan, a year-on-year growth of 126.37% [1] Group 2 - The year 2025 is identified as a transformation year for the company, focusing on the strategic goals of "transformation and quality improvement" by combining internal growth with external mergers and acquisitions [2] - The company is actively pursuing opportunities in the digital economy, particularly in computing power services and data elements, while enhancing its capital operations and merger efforts [2] - The planned acquisition of 100% equity in Guangdong Xingyun Kaiwu Technology Co., Ltd. is aimed at enhancing the company's capabilities in digital services for intelligent self-service devices, thereby improving its overall profitability and core competitiveness [2]

Group 1 - The company reported a significant increase in revenue and net profit for the first half of 2025, with operating income reaching 146 million yuan, a year-on-year increase of 63.24%, and a net profit attributable to the parent company of 6.06 million yuan, marking a turnaround to profitability [2] - The strategic transformation of the company has shown initial success, with a notable improvement in business structure and growth driven by the newly developed services in computing power and enterprise digitalization [2] - The company secured multiple software development projects with large state-owned enterprises, generating revenue of 43.45 million yuan, which represents a year-on-year growth of 126.37% [2] Group 2 - The company has strengthened its capital operations and acquisition efforts, planning to acquire 100% of Xingyun Kaiwu's equity through a combination of share issuance and cash payment [3] - Xingyun Kaiwu is recognized as a national-level specialized and innovative "little giant" enterprise, focusing on providing integrated solutions of IoT smart hardware and SaaS cloud platforms [3] - This collaboration is expected to enhance the company's research and development capabilities in digital services for smart self-service devices, improve the industrial chain layout, and expand product application scenarios and customer diversification [3]

2025年8月29日，天亿马(301178.SZ)发布2025年中报。 公司营业总收入为1.46亿元，在已披露的同业公司中排名第95。归母净利润为605.91万元。经营活动现金净流入为-1638.29万元。 公司最新资产负债率为45.91%，在已披露的同业公司中排名第84，较上季度资产负债率增加1.52个百分点，较去年同期资产负债率增加25.25个百分点。 公司最新毛利率为30.33%。最新ROE为0.79%。 公司摊薄每股收益为0.09元。 公司最新总资产周转率为0.11次，在已披露的同业公司中排名第96。最新存货周转率为0.91次，在已披露的同业公司中排名第84，较去年同期存货周转率减 少0.96次，同比较去年同期下降51.19%。 ...

Group 1 - Tianyima (SZ 301178) announced the convening of its third board meeting on August 27, 2025, in Shantou, Guangdong, to review the proposal for revising the "Audit Committee Work Rules" [1] - For the fiscal year 2024, Tianyima's revenue composition is as follows: Smart Education 36.31%, Smart Government 21.28%, Smart Enterprise 19.4%, Smart Healthcare 11.59%, and Rail Transit 10.48% [1]

格隆汇8月28日丨天亿马(301178.SZ)公布半年度报告，2025年上半年，公司实现营业收入1.46亿元，同 比增加63.24%；实现归属母公司净利润605.91万元，扭亏为盈。公司经营业绩同比大幅增长主要系前期 布局的算力服务、企业数字化等业务本期增长所致。报告期内，公司企业数字化业务取得突破，新签多 个国有大中型企业软件开发项目，整体实现收入4,345.21万元，同比增长126.37%。算力服务方面，公 司持续关注并加大投入。2月深圳算力集群服务项目交付使用，报告期内实现收入3,007.53万元，毛利率 46.48%；8月签署了某国产算力项目，合同期3年，合同金额5,781.6万元。算力服务、企业数字化等新 业务为公司业务质量提升和业绩持续增长打下了坚实基础。 ...