分红方面，深天马AA股上市后累计派现14.29亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，深天马A十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股1.10亿股，相比上期增加5500.05万股。 资料显示，天马微电子股份有限公司位于广东省深圳市龙华区民治街道北站社区天马总部大厦，成立日 期1983年11月8日，上市日期1995年3月15日，公司主营业务涉及以智能手机、平板电脑为代表的移动智 能终端显示核心业务、车载显示关键业务和以医疗、工控为代表的增值业务。主营业务收入构成为：显 示屏及显示模组99.05%，其他0.95%。 深天马A所属申万行业为：电子-光学光电子-面板。所属概念板块包括：全面屏、电子纸、折叠屏、中 盘、融资融券等。 截至11月20日，深天马A股东户数7.27万，较上期增加0.04%；人均流通股33791股，较上期减少 0.04%。2025年1月-9月，深天马A实现营业收入266.63亿元，同比增长11.03%；归母净利润3.13亿元， 同比增长166.25%。 11月28日，深天马A盘中上涨2.03%，截至11:06，报9.06元/股，成交714 ...

Core Viewpoint - The stock of Tianma Microelectronics Co., Ltd. (深天马A) has experienced fluctuations, with a recent decline of 2.05% and a total market capitalization of 22.34 billion yuan. The company has shown a modest year-to-date stock price increase of 0.66% but has faced declines over various short-term periods [1]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 26.66 billion yuan, reflecting a year-on-year growth of 11.03%. The net profit attributable to shareholders was 313 million yuan, marking a significant increase of 166.25% compared to the previous year [2]. Shareholder Information - As of November 10, 2025, the number of shareholders for 深天马A reached 72,700, an increase of 1.08% from the previous period. The average number of circulating shares per shareholder decreased by 1.07% to 33,805 shares [2]. Dividend Distribution - Since its listing, 深天马A has cumulatively distributed dividends amounting to 1.43 billion yuan. However, there have been no dividend distributions in the past three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 110 million shares, which is an increase of 55 million shares from the previous period [3].

机构持仓方面，截止2025年9月30日，深天马A十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股1.10亿股，相比上期增加5500.05万股。 深天马A所属申万行业为：电子-光学光电子-面板。所属概念板块包括：电子纸、MLED、全面屏、折 叠屏、虚拟现实等。 截至10月31日，深天马A股东户数7.19万，较上期减少2.06%；人均流通股34169股，较上期增加 2.11%。2025年1月-9月，深天马A实现营业收入266.63亿元，同比增长11.03%；归母净利润3.13亿元， 同比增长166.25%。 分红方面，深天马AA股上市后累计派现14.29亿元。近三年，累计派现0.00元。 11月12日，深天马A盘中下跌2.05%，截至11:29，报9.55元/股，成交1.18亿元，换手率0.50%，总市值 234.71亿元。 资金流向方面，主力资金净流出944.91万元，特大单买入0.00元，占比0.00%，卖出559.53万元，占比 4.76%；大单买入1845.69万元，占比15.69%，卖出2231.07万元，占比18.97%。 深天马A今年以来股价涨5.76%，近5个交易日跌4.40%，近2 ...

Core Viewpoint - Deep Tianma A's stock has shown a positive trend with a year-to-date increase of 11.96% and a recent rise of 5.86% over the last five trading days, indicating strong market performance and investor interest [1]. Financial Performance - For the period from January to September 2025, Deep Tianma A reported a revenue of 26.663 billion yuan, reflecting a year-on-year growth of 11.03%. The net profit attributable to shareholders reached 313 million yuan, marking a significant increase of 166.25% compared to the previous year [2]. Shareholder Information - As of October 20, 2025, the number of shareholders for Deep Tianma A stood at 73,400, a slight decrease of 0.14% from the previous period. The average number of circulating shares per shareholder increased by 0.14% to 33,464 shares [2]. Dividend Distribution - Since its listing, Deep Tianma A has cumulatively distributed dividends amounting to 1.429 billion yuan. However, there have been no dividend distributions in the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder of Deep Tianma A, holding 110 million shares, which is an increase of 5.5005 million shares from the previous period [3].

Core Viewpoint - The stock of Deep Tianma A has shown fluctuations in price and trading volume, with a recent increase of 2.07% and a total market capitalization of 22.98 billion yuan. The company has reported a year-to-date stock price increase of 3.54% and a significant growth in revenue and net profit for the first half of 2025 [1][2]. Group 1: Stock Performance - As of October 21, Deep Tianma A's stock price is 9.35 yuan per share, with a trading volume of 66.83 million yuan and a turnover rate of 0.29% [1]. - The stock has experienced a year-to-date increase of 3.54%, a decline of 0.64% over the last five trading days, and a decrease of 3.31% over the last 20 days [1]. - The company has a total market capitalization of 22.98 billion yuan [1]. Group 2: Financial Performance - For the first half of 2025, Deep Tianma A achieved a revenue of 17.48 billion yuan, representing a year-on-year growth of 9.93%. The net profit attributable to shareholders was 206 million yuan, showing a significant increase of 142.07% year-on-year [2]. - The company has cumulatively distributed 1.43 billion yuan in dividends since its listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of October 10, the number of shareholders for Deep Tianma A is 73,500, a decrease of 0.46% from the previous period. The average number of circulating shares per person is 33,418, which has increased by 0.46% [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited is the seventh largest circulating shareholder, holding 54.96 million shares, a decrease of 5.82 million shares from the previous period [3]. Group 4: Business Overview - Deep Tianma A, established on November 8, 1983, and listed on March 15, 1995, is primarily engaged in the display core business for mobile smart terminals, including smartphones and tablets, as well as key businesses in automotive displays and value-added services in medical and industrial control sectors. The main revenue source is from display screens and modules, accounting for 99.05% of total revenue [1]. - The company is categorized under the electronic industry, specifically in optical optoelectronics and panels, with concepts including full-screen, foldable screens, electronic paper, virtual reality, and holographic concepts [1].

Company Overview - Deep Tianma A's stock price increased by 2.19% on September 5, reaching 9.78 CNY per share, with a total market capitalization of 24.037 billion CNY [1] - The company has seen an 8.31% increase in stock price year-to-date, with a 4.02% decline over the last five trading days, a 4.26% increase over the last 20 days, and a 23.64% increase over the last 60 days [2] - The company specializes in display technologies for mobile smart terminals, automotive displays, and value-added services in medical and industrial control sectors, with 99.05% of its revenue coming from display screens and modules [2] Financial Performance - For the first half of 2025, Deep Tianma A reported revenue of 17.475 billion CNY, a year-on-year increase of 9.93%, and a net profit attributable to shareholders of 206 million CNY, reflecting a significant year-on-year growth of 142.07% [2] - The company has distributed a total of 1.429 billion CNY in dividends since its listing, with no dividends paid in the last three years [3] Shareholder Information - As of August 20, 2025, the number of shareholders for Deep Tianma A was 68,300, an increase of 1.12% from the previous period, with an average of 35,984 circulating shares per shareholder, a decrease of 1.11% [2] - As of June 30, 2025, Hong Kong Central Clearing Limited was the seventh largest circulating shareholder, holding 54.9572 million shares, a decrease of 5.8191 million shares from the previous period [3]

Core Viewpoint - Tianma Microelectronics Co., Ltd. reported a significant recovery in its financial performance for the first half of 2025, with a notable increase in revenue and net profit, driven by growth in key markets such as mobile displays, automotive displays, and IT products [2][10][11]. Financial Performance - The company's revenue for the first half of 2025 reached approximately CNY 17.48 billion, representing a 9.93% increase compared to CNY 15.90 billion in the same period last year [2][18]. - Net profit attributable to shareholders was CNY 205.90 million, a substantial turnaround from a loss of CNY 489.39 million in the previous year, marking an increase of CNY 695.29 million [2][11]. - The operating cash flow increased by 48.44% to CNY 3.97 billion, up from CNY 2.67 billion in the previous year [2][17]. Business Overview - Tianma Microelectronics focuses on providing customized display solutions and has established itself as a leader in the small to medium-sized display sector over the past 40 years [3][10]. - The company employs a "2+1+N" development strategy, emphasizing mobile displays and automotive displays as core businesses, while IT displays are identified as a key growth area [10][11]. Market Trends - The global small to medium-sized display market is showing signs of recovery, with demand driven by smartphones, automotive displays, and IT products [10][11]. - The penetration rate of OLED technology in mobile devices is increasing, and the automotive sector is experiencing a trend towards larger and multi-screen displays [10][11]. Competitive Advantages - The company maintains a strong competitive edge through a differentiated strategy centered on customer needs and a global production and marketing network [3][6]. - Continuous investment in R&D and innovation has led to advancements in display technologies, including Micro-LED and flexible AMOLED displays [3][12]. Product Development - Tianma has launched several innovative products, including the world's first integrated fingerprint recognition and color temperature sensing AMOLED display, which won the "Best OLED-Based Technology" award in 2025 [12][13]. - The company is also advancing in the automotive display sector with products like the 12.3-inch hidden display and the world's first light field 3D AR-HUD [12][13]. Supply Chain Management - The company has established strong relationships with thousands of suppliers, focusing on long-term collaboration and supply chain resilience [7][8]. - Efforts are being made to enhance local and diversified procurement strategies to strengthen supply chain security [7][8]. Social Responsibility - Tianma is committed to sustainable development and has implemented a carbon neutrality action plan, receiving recognition for its ESG practices [17].

Company Overview - Tianma Microelectronics Co., Ltd. is a leading innovative technology enterprise providing customized display solutions globally, focusing on small and medium-sized displays [5][6] - The company has a registered capital of approximately RMB 2.46 billion and was established on November 8, 1983 [4][5] Financial Performance - For the fiscal year 2024, the company reported total revenue of RMB 3,349.43 million, representing a year-on-year increase of 3.79% from RMB 3,227.13 million in 2023 [7][8] - The total assets as of December 31, 2024, were RMB 8,123.52 million, showing a slight decrease of 0.90% compared to RMB 8,197.63 million in 2023 [7] - The total liabilities were RMB 5,206.21 million, down 1.74% from RMB 5,298.26 million in the previous year [7] Business Segments - The revenue structure for 2024 indicates that display screens and modules accounted for 99.10% of total revenue, amounting to RMB 3,319.17 million, while other revenues contributed 0.90% [6] - The company continues to strengthen its core businesses in mobile displays and automotive displays, while also expanding into IT displays and other value-added services [5][6] Market Position - In 2024, Tianma Microelectronics achieved the highest global shipment volume in several display application markets, including automotive TFT-LCD and HUD displays, as well as LTPS smartphone displays [6] - The company maintained a strong competitive position in flexible AMOLED smartphone displays, ranking third globally in shipment volume [6] Debt and Financing - The company has issued bonds totaling RMB 30 billion, with the first phase of the bond issuance completed in 2020 [3][4] - The bond "21 Tianma 01" has a fixed interest rate of 3.95% and is set to pay interest annually [3][4] Credit Rating - The company's credit rating is assessed as AAA with a stable outlook, indicating strong creditworthiness [4][14] Cash Flow - The net cash flow from operating activities for 2024 was RMB 575.19 million, an increase from RMB 395.77 million in 2023 [8][12] - The company reported a net cash outflow from investing activities of RMB 438.05 million, which is an improvement of 19.30% compared to the previous year [8][12] Debt Servicing - The company has successfully met its debt servicing obligations, with interest payments for "21 Tianma 01" made on time [11][12] - The company's liquidity ratios, including a current ratio of 0.88 and a quick ratio of 0.72, indicate a slight decline compared to the previous year [12]