值得一提的是，公司一期项目已投入1.78亿元，目前1条生产线已投产，另有2条处于调试或建设阶段， 预计2026年10月全面达标。 本次募投另一重要方向是信息化建设项目，拟投入5121万元推进数字化转型。项目将搭建集成化数字智 能管理平台，将AI技术深度应用于营销、研发、质控等关键环节，全面提升运营效率、降低管理成 本。 长江商报消息 作为专业显示服务商，天山电子（301379.SZ）正积极谋划产能扩张与产业生态布局。 近日，天山电子宣布拟向不特定对象发行可转换公司债券，募集资金上限为6.97亿元，资金将投向光电 触显一体化模组建设（二期）、信息化建设以及补充流动资金，为业务升级与数字化转型提供有力支 撑。 业绩层面，公司保持营业收入稳增。2025年前三季度，公司实现营业总收入13.38亿元，同比增长 26.48%，显著高于行业平均水平；归母净利润1.13亿元，同比增长7.75%；扣非净利润1.03亿元，同比 增幅达15.00%，主营业务盈利能力持续凸显。 在产业布局上，天山电子持续布局"显示+存储"赛道，推动公司从"单一硬件供应商"向"芯屏协同解决方 案商"转型。 拟募6.97亿聚焦主业扩产 天山电子积极谋划 ...

Group 1 - The display device industry is a foundational sector of the electronic information industry, directly impacting the performance of end products such as smartphones, tablets, automotive displays, and smart home devices [3] - The global display panel market has seen continuous growth in demand due to the proliferation of IoT devices, although the industry faces challenges such as accelerated technological iteration and intensified international competition [3] - The main products of the company include monochrome LCD displays/modules, color LCD modules, and touch screens, providing one-stop professional display solutions to a wide range of industries [4] Group 2 - The company's customer base is diverse, spanning multiple sectors including smart home, industrial control and automation, healthcare, and automotive electronics [4] - The company has established long-term partnerships with well-known enterprises such as Shentianma, BOE, and Huaxing Optoelectronics [4]

Group 1 - The company Tianshan Electronics has increased its share buyback efforts this year, repurchasing a total of 2.6339 million shares, which accounts for 1.3331% of its total share capital, with a total transaction amount of 59.9967 million yuan [2] - The buyback was conducted at a maximum price of 29.32 yuan per share and a minimum price of 18.75 yuan per share, remaining within the previously set price limits [2] - The company stated that the buyback reflects management's confidence in future development and aims to enhance investor confidence and protect shareholder interests [2] Group 2 - Tianshan Electronics has been deeply involved in the customized LCD display industry for 20 years, offering products such as monochrome LCD displays, color LCD modules, and touch screens [3] - The company has established a long-term strategic partnership with Shentianma, producing over 5,000 types of display application products, serving major clients like LG, BYD, and Panasonic [3] - Tianshan Electronics focuses on vertical integration of the display industry chain and aims to penetrate markets in automotive displays, smart home applications, and emerging Southeast Asian markets [3]

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].