天山电子拟发债6.97亿推进扩产 营收稳增加速“显示+存储”布局

Core Viewpoint - Tianshan Electronics is actively planning capacity expansion and industrial ecological layout by issuing convertible bonds to raise up to 697 million yuan for business upgrades and digital transformation [1][2] Group 1: Fundraising and Investment Plans - The company plans to issue convertible bonds to raise a maximum of 697 million yuan, with funds allocated to the second phase of the optoelectronic touch display module construction, information technology development, and working capital supplementation [1][2] - Specifically, 546 million yuan will be invested in the optoelectronic touch display module project to enhance production efficiency and quality of high-value products [2] - An additional 51.21 million yuan will be directed towards information technology projects to build an integrated digital management platform utilizing AI technology [2] Group 2: Financial Performance - For the first three quarters of 2025, the company reported total revenue of 1.338 billion yuan, a year-on-year increase of 26.48%, significantly surpassing the industry average [3] - The net profit attributable to shareholders reached 113 million yuan, up 7.75% year-on-year, while the net profit excluding non-recurring items was 103 million yuan, reflecting a 15% increase [3][4] Group 3: Industry Position and Product Offerings - Tianshan Electronics has been deeply involved in the customized LCD display industry for 20 years, offering a wide range of products including monochrome and color LCD modules and touch screens [3][5] - The company has over 5,000 mass-produced display application products and a large customer base, including industry leaders like LG, BYD, and Panasonic [3] - The company is transitioning from a "single hardware supplier" to a "chip-screen collaborative solution provider," aligning with emerging fields such as AI computing and smart vehicles [5] Group 4: Research and Development - The company has increased its R&D investment, with R&D expenses reaching 59.52 million yuan in the first three quarters of 2025, a 24.05% increase year-on-year [4] - As of mid-2025, Tianshan Electronics holds 73 patents, including 11 invention patents, with 8 core technologies widely applied in product manufacturing [4]