Group 1 - Tianqin Equipment (SZ 300922) announced that shareholder Zhang Peng plans to reduce his holdings by up to approximately 1.57 million shares, representing 1% of the total share capital after excluding shares in the company's repurchase account [1] - The company reported that for the year 2024, its revenue composition will be 99.96% from other manufacturing industries and 0.04% from the digital printing industry [1] - As of the report, Tianqin Equipment has a market capitalization of 4.4 billion yuan [1] Group 2 - The announcement comes amid a backdrop of challenges faced by the parent company of ANTA Sports, which has recently appointed a new president for the Greater China region [1]

天秦装备（SZ 300922，收盘价：31.88元）8月11日晚间发布公告称，公司第四届第二十一次董事会会 议于2025年8月11日在公司会议室以现场结合通讯会议的方式召开。会议审议了《关于调整丹江口市久 友装发股权投资合伙企业（有限合伙）合伙协议条款暨关联交易的议案》等文件。 2024年1至12月份，天秦装备的营业收入构成为：其他制造业-其他未列明的制造业占比99.96%，数码印 刷行业占比0.04%。 （文章来源：每日经济新闻） ...

Core Viewpoint - Tianqin Equipment (300922.SZ) held board and supervisory meetings to discuss important proposals regarding the company's 2024 performance, dividend distribution, and 2025 financing plans, attracting investor attention [1] Financial Performance - In 2024, Tianqin Equipment achieved operating revenue of 231 million yuan, a year-on-year increase of 49.14%, and a net profit attributable to shareholders of 41.68 million yuan, up 29.49% [2][3] - The company reported a net cash flow from operating activities of 75.73 million yuan, a decrease of 25.28% compared to the previous year [3] - Basic and diluted earnings per share were both 0.27 yuan, reflecting a 28.57% increase from the previous year [3] Revenue Composition - The main source of revenue for Tianqin Equipment comes from the sale of specialized protective devices and equipment components, with specialized protective devices accounting for 89.36% of total revenue [4][6] - In 2024, revenue from specialized protective devices increased by 36.74%, while revenue from equipment components surged by 742.57% [6] Dividend Distribution - The board proposed a cash dividend of 1.80 yuan per 10 shares, totaling approximately 27.95 million yuan, which represents 67.05% of the net profit for 2024 [7][9] - The company has maintained a tradition of cash dividends, with cumulative cash dividends of 66.92 million yuan over the past three years, exceeding 30% of the average net profit for the last three years [7][9] Financing Plans - Tianqin Equipment plans to raise up to 3.5 billion yuan through a combination of a private placement of shares and a bank credit application [10][12] - The private placement will involve issuing shares to no more than 35 specific investors, with a total financing amount not exceeding 300 million yuan [10] - The company also intends to apply for a low-risk credit limit of up to 50 million yuan from China Minsheng Bank for operational needs [10][11] Upcoming Shareholder Meeting - A shareholder meeting is scheduled for May 8, 2025, to review the 2024 annual report and other related proposals [13] - Tianqin Equipment, founded in 1996, specializes in the research, production, and sales of specialized protective devices and equipment components [13]