2025年第三季度，天箭科技业绩进一步恶化。第三季度，公司营收仅1141.35万元，同比下降71.23%；归母净利润为-1898.02万元，同比大幅下滑。 天箭科技成立于2005年3月，2020年在深交所挂牌上市。公司专业从事高波段、大功率固态微波前端研发、生产和销售，产品已广泛应用于雷达系统、卫 星通信、测控等领域。 12月29日晚间，天箭科技（证券代码：002977）发布一则重大风险提示公告，被投资者形容为"平地一声雷"。公告直言，因相关军品价格调整，公司预计 2025年度扣非归母净利润将为负值，且扣除后营业收入低于3亿元。 这意味着，在公司2025年年度报告披露后，其股票交易可能被实施退市风险警示，股票简称前将冠以"*ST"字样。 公告显示，天箭科技相关军品于2025年度进行了价格审核，并与相关客户协调签订了《军品价格调整补充协议》。 根据会计政策要求，公司需对已确认营业收入进行调整。初步测算显示，此次调整将调减当期营业收入约2.56亿元，影响归属于上市公司股东的当期净利 润约-2.01亿元。 尤为引人注目的是，本次价格调整共涉及3项型号产品，影响会计周期最长达11年。这一长期追溯调整直接导致公司业绩触 ...

公告显示，天箭科技相关军品于2025年度进行了价格审核，并与相关客户协调签订了《军品价格调整补充协议》。 根据会计政策要求，公司需对已确认营业收入进行调整。初步测算显示，此次调整将调减当期营业收入约2.56亿元，影响归属于上市公司股东的当期净利 润约-2.01亿元。 尤为引人注目的是，本次价格调整共涉及3项型号产品，影响会计周期最长达11年。这一长期追溯调整直接导致公司业绩触及深交所退市风险警示红线。 根据《深圳证券交易所股票上市规则》第 9.3.1 条规定，若上市公司最近一个会计年度经审计的利润总额、净利润、扣除非经常性损益后的净利润三者孰 低为负值，且扣除后的营业收入低于3亿元，那么深交所将对其股票交易实施退市风险警示。 事实上，天箭科技的业绩滑坡早已显现端倪。翻阅公司2025年以来的财务报告，营收萎缩与利润下滑的趋势十分明显。 【导读】天箭科技预计2025年业绩触及财务类退市风险警示 中国基金报记者 夏天 12月29日晚间，天箭科技（证券代码：002977）发布一则重大风险提示公告，被投资者形容为"平地一声雷"。公告直言，因相关军品价格调整，公司预计 2025年度扣非归母净利润将为负值，且扣除后营业收入 ...

Group 1 - The core point of the article is that Tianjian Technology (stock code: 002977) has issued a significant risk warning, predicting a negative net profit for 2025, which may lead to a delisting risk warning from the Shenzhen Stock Exchange [2] - The company anticipates a non-recurring net profit of approximately -2.01 billion yuan and a revenue adjustment of about 2.56 billion yuan due to military product price adjustments [2] - The price adjustment affects three product models and has a retrospective accounting impact that could last up to 11 years, pushing the company's performance to the delisting risk warning threshold [2] Group 2 - Tianjian Technology's financial performance has been declining, with a 29.26% year-on-year revenue drop in the first half of 2025, resulting in a net loss of 657.67 million yuan [3] - In the third quarter of 2025, the company's revenue further decreased by 71.23% year-on-year, with a net loss of 1.898 billion yuan [4] - The company's net profit has been declining annually from 1.11 billion yuan in 2021 to 0.16 billion yuan in 2024 [6] Group 3 - Despite the company's struggles, the commercial aerospace sector has been thriving, with the sector's stock prices increasing by 80.10% as of December 25, 2025 [6] - Tianjian Technology's stock has seen significant gains, with a rise of over 60% in 2025 and four trading limits reached since November [6] - As of December 29, 2025, the stock price was 43.59 yuan per share, with a total market capitalization of approximately 5.236 billion yuan [7]

中国基金报记者 夏天 12月29日晚间， 天箭科技 （证券代码：002977）发布一则重大风险提示公告，被投资者形 容为"平地一声雷"。公告直言，因相关军品价格调整，公司预计2025年度扣非归母净利润将 为负值，且扣除后营业收入低于3亿元。 【导读】 天箭科技 预计2025年业绩触及 财务类退市风险警示 这意味着，在公司2025年年度报告披露后，其股票交易可能被实施退市风险警示，股票简称 前将冠以" *ST "字样。 公告显示， 天箭科技 相关军品于2025年度进行了价格审核，并与相关客户协调签订了《军 品价格调整补充协议》。 根据会计政策要求，公司需对已确认营业收入进行调整。初步测算显示，此次调整将调减当 期营业收入约2.56亿元，影响归属于上市公司股东的当期净利润约-2.01亿元。 天箭科技虽是细分领域的高新技术企业，但体量一直较小。自2020年上市以来，除了2022年 营收超过3亿元外，其他年份公司营收都在3亿元以下徘徊。 伴随着营收下滑，天箭科技的归母净利润也呈逐年下降趋势。2021年至2024年，公司归母净 利润分别为1.11亿元，0.73亿元、0.50亿元和0.16亿元。 值得一提的是， 天箭科技 ...

Group 1 - The core point of the news is that 27 stocks were listed on the institutional trading leaderboard, with 14 stocks experiencing net buying and 13 stocks facing net selling [1] - The top three stocks with the highest net buying by institutions were Tianjian Technology (153 million), Aopu Optoelectronics (99.02 million), and Tuosida (88.99 million) [1] - Tianjian Technology is recognized as one of the early private enterprises in China focusing on the research, production, and sales of high-bandwidth, high-power solid-state microwave front-end products, possessing strong R&D capabilities and leading technology in the domestic market [3] Group 2 - The stock of Tianjian Technology saw a price increase of 10% with 3 buyers and no sellers on the leaderboard [2] - Aopu Optoelectronics experienced a price drop of 10% with 3 buyers and no sellers on the leaderboard [2] - There are rumors in the photovoltaic industry about the top six silicon material manufacturers planning to acquire remaining silicon material production capacity and proposing production cuts to stabilize prices [3]