天银机电(300342) - 2025 Q2 - 季度财报

Part I Important Notes, Table of Contents, and Definitions Important Notes The Board of Directors, Supervisory Board, and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility; the company plans no cash dividends, bonus shares, or capital reserve conversions to share capital - The company plans no cash dividends, no bonus shares, and no capital reserve conversions to share capital[4] Table of Contents This section lists the eight main chapters of the semi-annual report and their starting page numbers, covering important notes, company profile, management discussion and analysis, corporate governance, significant matters, share changes, bond information, and financial report Reference Document Catalog This section discloses reference documents including the original semi-annual report signed by the legal representative, original financial report, and publicly disclosed documents and announcements during the reporting period, with the company's securities department office as the storage location - Reference documents include the original semi-annual report signed by the legal representative, the financial report text signed and sealed by the financial officer and accounting department head, and all publicly disclosed documents and announcements during the reporting period[8] - Reference documents are available at: the company's securities department office[9] Definitions This section provides definitions for common terms used in the report, including company name, major subsidiaries, related parties, regulatory bodies, and reporting period, to ensure clear understanding of the content - Defines "Company", "This Company", "Joint Stock Company", and "Tianyin Jidian" as Changshu Tianyin Jidian Co., Ltd[10] - Defines "Reporting Period" as January 1, 2025, to June 30, 2025[10] Part II Company Profile and Key Financial Indicators Company Profile This section introduces the company's basic information, including stock abbreviation, code, listing exchange, Chinese and English names, and legal representative - Stock Abbreviation: Tianyin Jidian, Stock Code: 300342, Listing Exchange: Shenzhen Stock Exchange[12] - Company Chinese Name: Changshu Tianyin Jidian Co., Ltd., Legal Representative: Zhao Yunwen[12] Contact Person and Information This section provides contact information for the company's Board Secretary and Securities Affairs Representative, including names, addresses, phone numbers, fax numbers, and email addresses - Board Secretary: Fang Cheng, Phone: 0512-52691536, Email: fangc@tyjd.cc[13] - Securities Affairs Representative: Li Yan, Phone: 0512-52690818, Email: ly422567030@126.com[13] Other Information This section states that the company's registered address, office address, website, email, information disclosure and storage locations, and registration status remained unchanged during the reporting period, with details available in the 2024 annual report - The company's contact information, information disclosure and storage locations, and registration status remained unchanged during the reporting period, with details available in the 2024 annual report[14][15][16] Key Accounting Data and Financial Indicators This section discloses the company's key accounting data and financial indicators for the current reporting period compared to the previous year, showing significant year-on-year declines in operating revenue, net profit attributable to parent, non-recurring net profit, net cash flow from operating activities, basic and diluted EPS, and a slight decrease in total assets and net assets attributable to parent at period-end Key Accounting Data and Financial Indicators (Y-o-Y Change) | Indicator | Current Period (Yuan) | Prior Period (Yuan) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 383,894,102.79 | 505,562,395.56 | -24.07% | | Net Profit Attributable to Parent Company Shareholders | 17,803,382.27 | 33,347,300.77 | -46.61% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Gains and Losses | 17,941,501.64 | 33,125,846.87 | -45.84% | | Net Cash Flow from Operating Activities | -83,394,604.60 | 8,161,027.62 | -1,121.86% | | Basic EPS (Yuan/Share) | 0.0419 | 0.0785 | -46.62% | | Diluted EPS (Yuan/Share) | 0.0419 | 0.0785 | -46.62% | | Weighted Average ROE | 1.13% | 2.17% | -1.04% | | Total Assets (Period-End) | 2,075,429,132.26 | 2,229,020,373.09 | -6.89% | | Net Assets Attributable to Parent Company Shareholders (Period-End) | 1,561,420,241.83 | 1,571,244,141.90 | -0.63% | Differences in Accounting Data under Domestic and Overseas Accounting Standards This section confirms no differences in net profit and net assets between financial reports disclosed under international or overseas accounting standards and Chinese accounting standards during the reporting period - The company had no differences in net profit and net assets between financial reports disclosed under international accounting standards and Chinese accounting standards during the reporting period[18] - The company had no differences in net profit and net assets between financial reports disclosed under overseas accounting standards and Chinese accounting standards during the reporting period[19] Non-Recurring Gains and Losses Items and Amounts This section lists non-recurring gains and losses items and their amounts for the reporting period, primarily including non-current asset disposal gains/losses, government grants, and other non-operating income/expenses, totaling a negative CNY 138,119.37 Non-Recurring Gains and Losses Items and Amounts | Item | Amount (Yuan) | | :--- | :--- | | Non-current asset disposal gains and losses | -117.52 | | Government grants recognized in current profit or loss | 228,788.21 | | Other non-operating income and expenses apart from the above | -391,143.32 | | Less: Income tax impact | -24,353.28 | | Impact on minority interests (after tax) | 0.02 | | Total | -138,119.37 | Part III Management Discussion and Analysis Company's Main Businesses During the Reporting Period The company's main businesses are refrigerator compressor parts and radar and aerospace electronics; the former saw significant decline due to weak demand and policy impacts, while the latter, despite benefiting from defense and commercial aerospace growth, still experienced overall revenue decrease Refrigerator Compressor Parts Business The company's refrigerator compressor parts business, a leading industry player, offers starters, suction mufflers, and variable frequency control systems; its growth significantly declined year-on-year due to weak global economic recovery, early release of national subsidies, a sluggish real estate market, and China-US trade friction - Main product types include no-power-consumption starters, PTC starters, hammer-type starters, suction mufflers, and refrigerator variable frequency control systems[24][25][26][27] - The company is a pioneer in developing no-power-consumption electronic starting relays and a co-drafter of industry standards for compressor no-power-consumption electronic starters[29] - The refrigerator compressor parts industry experienced a significant year-on-year decline in growth, primarily due to: early release of demand from 2024 home appliance national subsidy policies, a persistent sluggish real estate market, and reduced exports to the US due to China-US trade friction[29][30][32] Radar and Aerospace Electronics Business Radar and aerospace electronics business includes radar simulation, UWB signal applications, and satellite attitude control systems; despite increased defense spending and commercial aerospace growth, overall revenue declined, though Tianyin Star benefited from accelerated low-orbit internet constellation development, significantly boosting its contract value, revenue, and net profit - Main product types include radar radio frequency simulation systems (radar target simulators, RF simulation arrays), ultra-wideband signal application business (signal acquisition, storage, playback, and real-time processing, real-time spectrum analysis and capture systems), and artificial satellite attitude control systems and related accessories (star sensors, sun sensors, satellite attitude controllers)[32][33][34](