THD(SZ:300397) Sou Hu Cai Jing·2025-07-30 15:37Group 1 - The core viewpoint of the article highlights the financial performance and stock market activity of Tianhe Defense (300397) as of July 30, 2025, indicating a decline in stock price and significant net outflow of funds [1] - Tianhe Defense reported total operating revenue of 87.96 million yuan for Q1 2025, a year-on-year decrease of 34.77%, and a net profit attributable to shareholders of 30.42 million yuan, down 534.67% year-on-year [1] - The company's liquidity ratios are concerning, with a current ratio of 0.911 and a quick ratio of 0.534, alongside a debt-to-asset ratio of 42.56% [1] Group 2 - Tianhe Defense has made investments in 26 companies and participated in 50 bidding projects, indicating active engagement in business expansion [2] - The company holds a significant intellectual property portfolio, with 202 trademarks and 322 patents, as well as 28 administrative licenses [2]