四川天微电子股份有限公司 2025年第三季度报告

Core Viewpoint - The company, Sichuan Tianwei Electronics Co., Ltd., is facing significant financial and operational challenges, particularly related to its military product pricing and potential delisting risks due to financial performance issues [6][7]. Financial Data - The financial report for the third quarter indicates that the financial data has not been audited, and the company has provided key financial metrics in RMB [3][9]. - The company has recognized a total revenue of 53,562,000.00 RMB from sales to a specific client since 2020, with accounts receivable amounting to 13,571,616.00 RMB as of December 31, 2024 [5]. Shareholder Information - The report does not provide any updates on the number of shareholders or changes in major shareholders' holdings [4]. Operational Risks - The company is at risk of delisting due to not meeting the financial performance criteria set by the Shanghai Stock Exchange, specifically if the net profit or total profit is negative and revenue is below 100 million RMB [6]. - There is a risk associated with the pricing of military products, as the company has not completed the pricing review for its main products, which could lead to significant revenue adjustments if the final prices differ from the provisional prices [7][8]. Other Important Information - The company has entered into negotiations regarding the pricing of certain military products, which may lead to a revenue adjustment of 424.46 million RMB, impacting the financial results for the third quarter of 2025 [5]. - The company has received bank acceptance bills totaling 443.28 million RMB, which will be accounted for in the financial statements, affecting the credit impairment losses [5].