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]