登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688511 证券简称：*ST天微 公告编号：2026-012 2021年8月13日，本公司第一届董事会第十次会议审议通过了《关于使用募集资金置换已支付发行费用 及募投项目的自筹资金的议案》。本公司独立董事、监事会以及保荐机构国金证券对该事项均发表了同 意意见。截至2021年7月26日，公司以自筹资金预先投入募集资金投资项目"天微电子研发中心建设项 目"的实际投资额为1,183,880.00元。四川华信（集团）会计师事务所（特殊普通合伙）对公司以自筹资 金预先投入募集资金投资项目进行了专项鉴证，并出具了川华信专（2021）第0584号《关于四川天微电 子股份有限公司以募集资金置换预先投入募投项目及已支付发行费用的自筹资金的鉴证报告》。公司使 用募集资金对预先已投入募集资金投资项目"天微电子研发中心建设项目"的自筹资金金额1,183,880.00 元全部进行了置换。 截至2025年12月31日，募集资金实际使用及余额情况如下： 二、募集资金管理情况 （一）募集资金管理制度的制定和执行情况 本公司按照《中华人民共和国公司法》《中华人民共和国证券法》《上市 ...

Core Viewpoint - *ST Tianwei (688511.SH) focuses on the research, development, production, and sales of advanced fire extinguishing and explosion suppression systems, as well as various specialized components for aerospace and military applications [1] Group 1: Product Offerings - The company develops and sells products such as new fire extinguishing and explosion suppression systems, three-proof collection drive devices, lithium battery fire warning and intelligent control systems, airborne optical flame detection control systems, and high-energy aviation ignition discharge devices [1] - Specialized fuses and aviation discharge tubes are primarily used in aerospace and military fields, while fire extinguishing and explosion suppression systems are utilized in armored vehicles, aerospace, and naval weaponry [1] Group 2: Industry Applications - In the aviation sector, the company has participated in the development of multiple fire detection systems for a certain group company's research institute, with one model already achieving installation and flight [1] - Other models have completed the development of related aviation fire alarm system products and have been delivered for assembly [1] - In the aerospace field, the company has completed verification tests for a certain type of ignition discharge tube product, achieving domestic substitution and receiving initial orders [1]

Core Viewpoint - *ST Tianwei (688511.SH) focuses on the research, development, production, and sales of advanced fire extinguishing and explosion suppression systems, as well as various specialized components for aerospace and military applications [1] Group 1: Product Offerings - The company develops and sells products such as new fire extinguishing and explosion suppression systems, three-proof collection drive devices, lithium battery fire warning and intelligent control systems, airborne optical flame detection control systems, and high-energy aviation ignition discharge devices [1] - Specialized fuses and aviation discharge tubes are primarily used in aerospace and military fields, while the fire extinguishing and explosion suppression systems are designed for armored vehicles, aerospace, and naval weaponry [1] Group 2: Industry Applications - In the aviation sector, the company has participated in the development of multiple fire detection systems for a certain group company's research institute, with one model already achieving installation and flight [1] - For other models, the company has completed the development of related aviation equipment fire alarm systems and has delivered products for installation [1] - In the aerospace field, the company has completed verification tests for a certain type of ignition discharge tube product, achieving domestic substitution and receiving initial orders [1]

Summary of Key Points Core Viewpoint The report provides an overview of the fundraising activities and the actual usage of the raised funds by Sichuan Tianwei Electronics Co., Ltd. It highlights the total amount raised, the management of the funds, and the current status of investment projects. Group 1: Fundraising Overview - The company raised a total of RMB 561.8 million through the issuance of 20 million shares at a price of RMB 28.09 per share, with a net amount of RMB 508.54 million after deducting issuance costs [1][2] - As of June 30, 2025, the remaining balance of the raised funds was RMB 360.63 million, with RMB 120 million temporarily allocated for principal-protected financial investments [2][3] Group 2: Fund Management - The company has established a fundraising management system in compliance with relevant laws and regulations, which has been approved by the board and supervisory committee [2][4] - A tripartite supervision agreement has been signed with several banks to ensure the proper storage and usage of the raised funds [2][3] Group 3: Fund Usage - The total amount invested in fundraising projects during the current year was RMB 6.14 million, with a cumulative investment of RMB 180.99 million [4][5] - There were no instances of using idle funds to temporarily supplement working capital during the reporting period [4][5] Group 4: Project Status - The company has not changed the use of the raised funds for investment projects, and there are no significant changes in the feasibility of the projects [4][5] - The completion date for several projects has been postponed to July 30, 2026, due to various factors including market conditions and project dependencies [5]

Group 1 - The Sci-Tech Innovation Board (STAR Market) was officially launched on July 22, 2019, marking the implementation of the registration system, with a total of 591 companies listed by July 22, 2025, including two that have been delisted [1] - The total funds raised through IPOs on the STAR Market amount to 927.156 billion yuan, with a total market capitalization exceeding 7 trillion yuan [1] - The STAR Market has significantly optimized the industry structure of the A-share market and serves as an important platform for tackling key core technologies under a new type of national system [1] Group 2 - Among the 591 companies listed on the STAR Market, two have been delisted, and three have been subjected to other risk warnings [5] - The underwriting situation shows that Guotai Junan and Haitong Securities lead with a total of 213.777 billion yuan raised through 112 underwriting cases [4][5] - CITIC Securities ranks second with 167.069 billion yuan raised through 99 underwriting cases, while China International Capital Corporation follows with 130.254 billion yuan from 70 cases [4][5] Group 3 - Guojin Securities has underwritten 13 STAR Market IPO projects over six years, with a total underwriting amount of 10.428 billion yuan, ranking 14th in the industry [5] - The company *ST Tianwei, which Guojin Securities sponsored, faced delisting risk due to a significant drop in revenue and net profit [5][6] - The financial performance of *ST Tianwei showed a drastic decline post-IPO, with revenue falling to 0.78 billion yuan in 2024, a year-on-year decrease of 44.65% [6][7] Group 4 - Six out of the 12 IPO projects sponsored by Guojin Securities experienced a decline in revenue or net profit in the year of listing, indicating potential issues with the performance of these companies [7] - The last IPO project sponsored by Guojin Securities, Jiuzhou Yitui, also reported a loss in its first year, raising concerns about the underwriting practices [7]

Core Viewpoint - The article highlights the financial struggles of four ST companies listed on the Sci-Tech Innovation Board, all of which experienced significant declines in net profit after their initial public offerings (IPOs) [1] Group 1: Company Overview - As of May 9, there are 586 companies listed on the Sci-Tech Innovation Board, with four classified as ST companies: ST Pava, *ST Guandian, *ST Tianwei, and ST Yifei [1] - All four companies had the highest net profit in the year of their IPO, followed by substantial declines or direct losses in the subsequent year [1] Group 2: ST Pava - ST Pava was listed on September 19, 2022, with a focus on the research, production, and sales of new energy battery materials [2][3] - The company reported revenues of 1.65626 billion yuan in 2022, which dropped to 954.27 million yuan in 2023 and further to 948.57 million yuan in 2024 [3] - The net profit figures were 108.56 million yuan in 2022, -250.03 million yuan in 2023, and -731.76 million yuan in 2024 [3] - The stock was placed under risk warning due to a negative internal control audit opinion from its auditing firm [4] Group 3: *ST Guandian - *ST Guandian transitioned to the Sci-Tech Innovation Board on May 25, 2022, specializing in drone flight services and defense equipment [6] - The company achieved revenues of 291.04 million yuan in 2022, which fell to 212.10 million yuan in 2023 and further declined to 89.98 million yuan in 2024 [7] - The net profit figures were 78.69 million yuan in 2022, 13.26 million yuan in 2023, and -111.15 million yuan in 2024 [7] - The stock was flagged for delisting risk due to negative profit figures and low revenue [8] Group 4: *ST Tianwei - *ST Tianwei was listed on July 30, 2021, focusing on fire suppression systems and related products [9] - The company reported revenues of 205.82 million yuan in 2021, which decreased to 110.75 million yuan in 2022, then increased to 140.48 million yuan in 2023, and dropped to 77.75 million yuan in 2024 [10] - The net profit figures were 114.54 million yuan in 2021, 44.92 million yuan in 2022, 49.70 million yuan in 2023, and -29.16 million yuan in 2024 [10] - The stock was placed under risk warning due to negative profit and revenue figures [11] Group 5: ST Yifei - ST Yifei was listed on July 28, 2023, focusing on precision laser processing equipment [12] - The company achieved revenues of 538.96 million yuan in 2022, 697.2 million yuan in 2023, and 692.1 million yuan in 2024 [13] - The net profit figures were 68.10 million yuan in 2022, 75.75 million yuan in 2023, and 9.41 million yuan in 2024 [13] - The stock was flagged for risk due to negative audit opinions from its auditing firm [13]