中国经济网北京12月16日讯天山电子（301379）(301379.SZ)昨晚披露向不特定对象发行可转换公司债 券预案，本次发行证券的种类为可转换为公司A股股票的可转换公司债券。本次可转债及未来经本次可 转债转换的公司A股股票将在深交所上市。本次发行的可转换公司债券每张面值为人民币100元，按面 值发行。根据相关法律法规的规定和募集资金拟投资项目的实施进度安排，结合本次发行可转债的发行 规模及公司未来的经营和财务状况等情况，本次发行的可转债的期限为自发行之日起六年。 本次发行的可转换公司债券票面利率的确定方式及每一计息年度的最终利率水平，提请公司股东会授权 公司董事会(或由董事会授权人士)在发行前根据国家政策、市场状况和公司具体情况与保荐机构(主承销 商)协商确定。 公司6月17日披露的关于部分监事股份减持计划实施完成的公告显示，公司于近日收到黄万梁出具的告 知函，获悉黄万梁以集中竞价交易方式累计减持公司股份48,900股，持股比例累计变动0.0247%，减持 后黄万梁直接持有公司股份数量为147,100股，持股比例0.0745%。前述减持计划已于2025年6月16日实 施完成。 | 股东 | 减持方式 | ...

Investment Rating - The report does not explicitly state an investment rating for the optical optoelectronics industry or the specific company involved [1]. Core Insights - The company, Tianshan Electronics, is focusing on the automotive electronics sector, developing products such as VA modules and TFT modules, which have superior viewing angles and response times compared to traditional displays. These products are already being used by well-known automotive brands like BYD and Dongfeng [17][18]. - The "Lingshan Base" is expected to significantly contribute to the company's performance through the production of monochrome and color LCD modules, as well as touch screens. The base is currently in the capacity ramp-up phase and aims to complete its construction by the end of 2025 [18][19]. - The company has implemented a dual mechanism of "incentives + repurchase" to enhance its long-term incentive structure, which includes a restricted stock incentive plan approved in 2024 [19]. - The liquid crystal display industry is evolving towards high resolution, low power consumption, and ultra-narrow bezels, driven by advancements in 5G, IoT, and smart wearable technologies. The company aims to position itself in high-growth segments such as smart home interaction screens and automotive electronics [20]. Summary by Sections 1. Basic Research Information - The research was conducted on Tianshan Electronics in the optical optoelectronics industry on March 17, 2025, with participation from various financial institutions [13]. 2. Detailed Research Institutions - The research involved multiple institutions including Western Securities, E Fund, and others, with representatives from each participating [14]. 3. Research Institution Proportions - The report does not provide specific data on the proportions of research institutions involved [15]. 4. Main Content Information - The company is focusing on strategic development in the automotive electronics sector and has established a strong product matrix at its "Lingshan Base" to meet growing market demands in various fields [17][18]. - The company has formed long-term partnerships with major players in the industry, enhancing its competitive edge and customer loyalty through customized solutions [20]. - The establishment of an industry fund aims to promote technological upgrades and strengthen resource collaboration within the electronic information industry [21][22].

Group 1: Company Overview and Strategic Direction - The company, Tianshan Electronics, is focused on the development of display products in the automotive electronics sector, including VA modules, TFT modules, and VA+TFT combination screens, which have superior viewing angles and response times compared to traditional displays [2][3]. - The "Lingshan Base" is a strategic upgrade project covering approximately 132,000 square meters, aimed at accelerating the construction of integrated optical touch modules to meet the growing market demand in smart home, financial data terminals, communication devices, and automotive electronics [4]. - The company has established a dual mechanism of "incentives + repurchase" to enhance long-term motivation and value management, with a 2024 restricted stock incentive plan involving the issuance of 1.498 million shares at a price of 9.56 CNY per share [5]. Group 2: Industry Trends and Positioning - The liquid crystal display industry is evolving towards high resolution, low power consumption, and ultra-narrow bezels, driven by advancements in 5G communication, IoT, and smart wearable technologies [6][7]. - Tianshan Electronics aims to provide customized LCD screens and modules, leveraging strategic partnerships with companies like BOE and long-term collaborations with major firms across various sectors, including smart home and industrial control [8]. - The company reported a revenue of 1.476 billion CNY for 2024, reflecting a year-on-year growth of 16.54%, and a net profit of 150 million CNY, up 39.97%, indicating a strong growth momentum [8]. Group 3: Investment and Collaboration - The company has established an industrial fund in collaboration with professional institutions to strategically invest in the semiconductor and electronic information sectors, enhancing technological upgrades and resource synergy within the electronic information industry ecosystem [9].