五矿证券有限公司 关于广东天亿马信息产业股份有限公司 使用部分闲置募集资金（含超募资金）进行现金管理 的核查意见 五矿证券有限公司（以下简称"保荐机构"）作为广东天亿马信息产业股份有 限公司（以下简称"公司"或"天亿马"）首次公开发行股票并在创业板上市保荐机 构，根据《证券发行上市保荐业务管理办法》《上市公司募集资金监管规则》《深 圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等相关规范性文件的规定，对天亿马使用部 分闲置募集资金（含超募资金）进行现金管理的事项进行了核查，并出具核查意 见如下： 一、募集资金基本情况 公司经中国证券监督管理委员会《关于同意广东天亿马信息产业股份有限公 司首次公开发行股票注册的批复》（证监许可[2021]2937号）同意，并经深圳证 券交易所同意，公司首次向社会公众发行人民币普通股（A股）股票1,177.80万 股，每股面值人民币1.00元，每股发行价格为48.66元。本次募集资金总额为人民 币573,117,480.00元，扣除发行费用人民币62,856,828.00元（不含增值税），实际 募集资金净额为人民币510 ...

证券代码：301178 证券简称：天亿马 公告编号：2026-006 广东天亿马信息产业股份有限公司 关于使用部分闲置募集资金（含超募资金）进行现金 管理的公告 | 本公司及董事会全体成员保证信息披露内容的真实、准确和完 | | --- | | 整，没有虚假记载、误导性陈述或重大遗漏。 | 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 2026 年 2 月 13 日召开第四届董事会第四次会议、第四届董事会审 计委员会第五次会议，审议通过了《关于使用部分闲置募集资金（含 超募资金）进行现金管理的议案》，同意公司使用不超过人民币 1 亿 元（含本数）的闲置募集资金（含超募资金及进行现金管理后所产生 的利息）进行现金管理，用于投资安全性高、流动性好且投资期限不 超过12个月的产品，使用期限为自股东会审议通过之日起12个月内。 在上述额度和期限范围内，资金可循环滚动使用，本事项尚需提交公 司股东会审议。现将相关事项公告如下： 一、募集资金基本情况 公司经中国证券监督管理委员会《关于同意广东天亿马信息产业 股份有限公司首次公开发行股票注册的批复》（证监许可[2021]2937 号）同意，并经深圳证券 ...

关于注销部分募集资金现金管理专用结算账户的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 一、募集资金基本情况 广东天亿马信息产业股份有限公司（以下简称"公司"）经中国 证券监督管理委员会《关于同意广东天亿马信息产业股份有限公司首 次公开发行股票注册的批复》（证监许可[2021]2937 号）同意，并经 深圳证券交易所同意，公司首次向社会公众发行人民币普通股（A 股） 股票 1,177.80 万股，每股面值人民币 1.00 元，每股发行价格为 48.66 元。本次募集资金总额为人民币 573,117,480.00 元，扣除发行费用 人民币 62,856,828.00 元（不含增值税），实际募集资金净额为人民 币 510,260,652.00 元。中审众环会计师事务所（特殊普通合伙）已 于 2021 年 11 月 5 日对上述资金到位情况进行审验，并出具了《验资 报告》（众环验字（2021）0600012 号）。 二、本次注销募集资金现金管理专用结算账户的情况 鉴于前期设立的部分募集资金现金管理专用结算账户中相关理 财产品已全部到期赎回，公司于近日办理了部 ...

证券代码：301178 证券简称：天亿马 公告编号：2026-007 广东天亿马信息产业股份有限公司 关于召开 2026 年第一次临时股东会的通知 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、召开会议的基本情况 （一）股东会届次：2026 年第一次临时股东会 （二）股东会的召集人：董事会 （三）本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券 交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 2 号—创业板上市公司规范运作》等法律、行政法规、部门规章、规范性文件 及《公司章程》的有关规定。 （四）会议时间： 1.现场会议时间：2026 年 03 月 02 日 15:00 2.网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 03 月 02 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交 易所互联网投票系统投票的具体时间为 2026 年 03 月 02 日 9:15 至 15:00 的 任意时间。 （五）会议的召开方式：现场表决与网络投票相结合。 （六）会议的股权登 ...

Core Viewpoint - Tianyi Ma has signed a three-year software development and technical support service agreement with Watsons Group, a subsidiary of CK Hutchison Holdings, focusing on smart new retail technology services [2] Group 1 - The agreement involves deep collaboration in the field of smart new retail technology services [2] - The company will provide customized software development, technical architecture design, system maintenance and technical services, project operation, and talent co-construction support for Watsons retail [2] - The technical services aim to support Watsons' digital transformation and ecological collaboration [2]

Core Viewpoint - The company Tianyi Ma (301178.SZ) has announced a profit forecast for 2025, expecting to turn losses into profits, but its stock price has continued to decline post-announcement due to various factors including small net profit scale, rising financial expenses, net outflow of main funds, and weakening technical indicators [1] Performance and Operating Conditions - The company anticipates a net profit attributable to shareholders of between 7 million and 10.5 million yuan for 2025, indicating a turnaround from previous losses. However, the median forecasted net profit corresponds to a high price-to-earnings ratio, which limits the upward potential of the stock price [2] Financial Condition - According to the Q3 2025 report, the company reported a negative net profit for the quarter, indicating volatility in performance throughout the year. The significant increase in interest-bearing liabilities due to business expansion has led to a rapid rise in financial expenses, maintaining a high asset-liability ratio that pressures profitability [3] Fund Movement - Recent fund flow data indicates a net outflow of main funds from the stock. As of February 11, 2026, the stock price had dropped approximately 9.97% since the earnings forecast announcement on January 29, with a daily decline of 3.06% and a net outflow exceeding 11 million yuan, reflecting a cautious short-term market sentiment [4] Stock Price Situation - From a technical analysis perspective, as of February 11, 2026, the company's stock price has fallen below several key moving averages, and short-term technical indicators such as KDJ are in a relatively weak zone, indicating potential technical adjustment pressure on the current stock price [5]

Group 1 - The core viewpoint of the article is that Tianyi Ma (301178) has outlined its digital energy business, which includes various aspects of project investment and management [1] - The company's digital energy business encompasses project investment, construction, operation, management maintenance, sales, and contract energy management [1] - The company is involved in the development of new energy technologies and the sale of new energy industrial products [1] Group 2 - The overall operation management of energy supply, energy storage, and energy-saving solutions is part of the company's offerings [1]

Investment Rating - The report does not explicitly state an investment rating for the snack wholesale industry [3]. Core Insights - The snack wholesale industry is characterized by a "hard discount" retail model that significantly reduces prices compared to traditional supermarkets, achieving approximately 25% lower prices [4][6]. - The industry is rapidly penetrating lower-tier markets, taking over market share from traditional small shops and outdated supermarkets [4]. - The core competitive advantage lies in a flat supply chain and digital management capabilities, which drastically reduce markup rates [4]. - Future developments will see the evolution from snack stores to comprehensive "community discount supermarkets," expanding into various product categories [4][41]. Summary by Sections Industry Definition - The snack wholesale industry is a vertical "hard discount" retail format that revolutionizes traditional snack sales through efficient supply chain management and direct procurement [5][7]. Business Model - The business model focuses on "high turnover, low margin," creating a win-win ecosystem by connecting suppliers and consumers through efficient operations [12][13]. Industry History - The industry has evolved through four stages: exploration (2010-2020), expansion (2021-2022), integration (2023-2024), and quality growth (2025-present), with competition shifting from price wars to value wars [10][11]. Demand Analysis - The retail market for snacks and beverages in China is projected to grow from 3,171.2 billion yuan in 2019 to 4,044.9 billion yuan by 2024, with the snack wholesale channel experiencing a compound annual growth rate of 77.9% [32][34]. - Lower-tier cities are expected to be the main growth drivers for the snack wholesale market, contributing 62% of GMV [34]. Future Opportunities - The industry is set to deepen its penetration into lower-tier markets, leveraging the combination of brand and low prices to capture market share from traditional retailers [41]. - The transition from "snack stores" to "community discount supermarkets" will create new growth opportunities by meeting community shopping needs [42]. - The focus on private label products will enhance profit margins as companies develop their own brands [44]. Supply Chain Efficiency - The industry's core competitiveness is rooted in a streamlined supply chain, which significantly lowers costs compared to traditional retail formats [45].

Core Viewpoint - The medical information technology sector experienced a decline of 0.92% on February 5, with Tianyi Ma leading the drop [1] Market Performance - The Shanghai Composite Index closed at 4075.92, down 0.64% [1] - The Shenzhen Component Index closed at 13952.71, down 1.44% [1] Capital Flow - The medical information technology sector saw a net outflow of 836 million yuan from main funds, while retail investors contributed a net inflow of 721 million yuan [1] - Speculative funds recorded a net inflow of 115 million yuan [1]

Core Viewpoint - The incident involving the "Hao Xiang Lai" snack store in Shaanxi has raised significant concerns regarding customer treatment and brand reputation, prompting the company to take immediate corrective actions and reinforce employee training [1][2][3] Group 1: Company Response - Wanchen Group has acknowledged the incident and expressed deep apologies for the distress caused to customers, emphasizing the importance of customer trust [1] - The company has implemented a closure and rectification of the involved franchise store and will prioritize customer care and compensation based on the facts [1] - Wanchen Group aims to strengthen employee service awareness and emergency response training to prevent similar incidents in the future [1] Group 2: Incident Details - On February 2, 2026, two 14-year-old girls were wrongfully detained by store staff under suspicion of theft, leading to significant emotional distress for one of the girls [2] - Local police confirmed that the girls did not engage in any theft, and the store's actions were deemed unlawful, particularly concerning minors [2] - The store manager has been taken to the police station for further processing due to the incident [2] Group 3: Business Performance and Industry Context - "Hao Xiang Lai" is a key brand under Wanchen Group, which has rapidly expanded through a franchise model, with over 15,000 signed stores and more than 10,000 operational stores as of March 2025 [2][3] - Wanchen Group's revenue forecast for the fiscal year 2025 is between 50 billion to 52.8 billion yuan, with a net profit expected to reach 1.23 billion to 1.4 billion yuan, reflecting a year-on-year growth of 222.38% to 266.94% [3] - The competitive landscape in the snack retail sector is intensifying, necessitating improved service quality and compliance management as core competitive advantages for companies [3]