Tianma Microelectronics Co., Ltd.

Tianma has been deeply involved in the field of small and medium-sized displays for more than 40 years. The Company regards smartphone display and automotive display as its core business, IT display as a key business for rapid growth, and industrial display products, horizontal market segments, non-display and ecological expansion as value-added business. The Company is committed to providing a full range of customized display solutions and fast service support to its customers around the world. In terms of technology and product development, the company remains committed to innovation-driven growth. While strengthening research into forward-looking technologies, it is also vigorously advancing and promoting breakthroughs in advanced applied technologies. During the reporting period, the company launched two high-end technology brands——“Tianma Tiangong Screen” and “Tianma Tianxuan Screen.” “Tianma Tiangong Screen,” with its eye-protection features, crystal-clear display, high refresh rate, and ultra-narrow bezels, has helped brand clients launch their flagship products; The “Tianma Tianxuan Screen” series leads the way in smart cockpit displays with its safety, reliability, panoramic immersion, innovative form factors, and ultimate performance. The company’s launch of the world’s first three-in-one Hybrid Optoelectronic Integration AMOLED display (HOI), which integrates fingerprint recognition, color temperature sensing, and lifespan monitoring, won the 2025 SID “Best OLED-Based Technology” Award. The company’s 12.3-inch display—the world’s first hidden display with full-view privacy protection—won the 2025 SID “Best Automotive Display” Award. The company’s industry-first 16-inch WQXGA 1-360Hz ultra-wide variable refresh rate display won the 2025 SID “Best LCD-Based Technology” Award. The company’s industry-first Micro-LED HUD with the highest PPI (167 PPI) won the 2025 EW Exhibition “Electronic Display Award”; the company’s first standardized Micro-LED automotive product was successfully lit up, and the world’s first all-laser, giant-rotation 108/135-inch Micro-LED seamless splicing screen was unveiled. In terms of business operations, the company’s core businesses have maintained healthy growth, and profitability in these areas has further improved. The company’s automotive and professional display businesses accounted for over 50% of the total revenue, growing by approximately 19% year-over-year, driving an increase in operating profit and serving as the cornerstone of the company’s steady profit growth. The company ranked first globally in shipment volume in the automotive-grade display sector for the sixth consecutive year. Revenue from the automotive business grew by 18% year-over-year, reaching a record high, with automotive electronics and new energy vehicle (NEV) businesses emerging as key growth engines, and the value of newly global design-win project remaining at a high level. Revenue from the Company’s professional display business grew by 22% year-over-year. It continued to maintain global leadership in multiple application segments, including healthcare, industrial handheld devices, human-machine interaction, white goods, smart two-wheelers, and marine applications, with the total value of newly design-win projects reaching a record high. In the consumer display sector, the company’s shipments of flexible AMOLED smartphone displays continued to grow year-over-year, maintaining the second-largest market share domestically and third-largest globally. Shipments of flagship products achieved leapfrog growth, with multiple products supporting flagship launches for top-tier clients. Meanwhile, through multi-dimensional cost-reduction and efficiency-enhancement initiatives, combined with the diversification of the OLED business, the TM17 production line achieved a year-over-year profit improvement of over 40%. In the LCD mobile business sector, the company leveraged its high-generation line to accelerate its a-Si TFT-LCD mobile deployment, achieving full coverage of seven major clients. In the IT display sector, the company’s IT business shipments grew significantly. The technical capabilities of IT products from its high-generation line rapidly reached industry levels, with new breakthroughs achieved in strategic clients and key projects. IGZO technology products were delivered ahead of schedule. The company’s first flexible OLED flagship project for the sports and health display business was successfully mass-produced and delivered, with business revenue growing by approximately 37% year-over-year and profitability significantly enhanced. In the Micro-LED business sector, the company is actively exploring commercial applications in markets such as PID commercial displays, automotive displays, and wearables. It has achieved small-batch shipments of certain products and their application in end-user concept products. In the non-display business sector, the company’s Panel Level Metamaterial Intelligent Antenna Technology products have facilitated breakthroughs in multiple civilian application scenarios and successfully achieved product iteration and delivery; the development of multiple technologies and products, including smart dimming, digital microfluidics, and fingerprint recognition, is progressing steadily. In terms of industrial layout, the company is actively advancing the construction of key production lines. By 2025, the TM19 production line had already achieved its phased mass production capacity targets ahead of schedule, realizing full product line coverage and smooth project launches. This has facilitated the successful introduction and delivery to leading customers across multiple application sectors, with the first IGZO product successfully entering mass production. The TM20 production line is focused on the rapid expansion of automotive and IT product technologies; customers collaborations and mass production deliveries are progressing smoothly, and capabilities for high-complexity products continue to improve; Capacity on the Micro-LED production line has steadily increased, achieving the simultaneous transfer of over one million Micro-LED chips with high efficiency, precision, and yield rates, thereby facilitating commercial breakthroughs in the PID sector. In terms of operations and management, the company has prioritized high-quality development, vigorously advanced digital transformation, and actively explored the application of AI in internal operations such as R&D, manufacturing, supply chain management, and office operations. The company has continued to implement full-lifecycle quality planning to enhance the precision of product quality management. It has also consistently optimized operational efficiency, comprehensively promoted cost reduction and efficiency improvements, resulting in a year-over-year decrease of approximately 4.25 percentage points in the cost-to-revenue ratio. The company actively fulfills its social responsibilities. It has published its “Sustainability Report (and ESG Report)” for many consecutive years and has formulated a “Carbon Neutrality Action Plan”, actively advancing initiatives related to energy conservation and emissions reduction, the circular economy, and carbon reduction planning across the value chain.