证券日报网讯 2月26日，天和防务在互动平台回答投资者提问时表示，截至2026年2月13日，天和防务 股东总户数为56774户。 （文章来源：证券日报） ...

证券日报网讯2月12日，天和防务（300397）在互动平台回答投资者提问时表示，公司最新股东户数已 发布至互动易平台"公司声音"，截至2026年2月10日，天和防务股东总户数为56458户。 ...

Group 1 - The core viewpoint of the article is that Tianhe Defense (300397.SZ) exports military products through military trade companies in accordance with national military trade policies [1] Group 2 - The company emphasizes compliance with national military trade policies for its export activities [1]

证券日报网2月4日讯 ，天和防务在接受调研者提问时表示，公司核心产品"便携式防空导弹情报指挥系 统"已列装部队，产品在细分领域得到了广泛的认可，能够为便携式防空导弹提供空情情报、作战指 挥、火力控制、敌我识别，使便携式防空导弹具备信息化协同作战能力，其主要作战对象为直升机、歼 击机和低小慢无人机等，主要由雷达单元、作战指挥单元、敌我识别系统、引导瞄准装置以及通信系统 和车载平台等组成。 （文章来源：证券日报） ...

Core Viewpoint - Tianhe Defense positions itself as a high-end AUV (Autonomous Underwater Vehicle) supplier through its subsidiary Tianhe Haifang, emphasizing its industrial capabilities and experience in national projects [2] Group 1: Product Advantages - The company has transformed previously high-cost research equipment into industrialized products, significantly reducing production costs and enabling mass supply [2] - Tianhe Defense has experience in undertaking national projects, specifically as a leading unit in the National 863 Program, collaborating with universities and holding relevant intellectual property in the field [2] - The AUV product line from Tianhe Haifang covers various specifications, catering to multiple mission requirements such as reconnaissance and detection, showcasing core competitiveness in system integration and specific task payloads [2]

Group 1 - The core viewpoint of the article highlights that Tianhe Defense's wholly-owned subsidiary, Tianwei Electronics, has signed a second batch contract for the upgrade of a portable air defense missile intelligence command system, with a contract value of approximately 260 million RMB [2] - The project has passed status identification review, and the first batch procurement contract has been accepted by the military, leading to product delivery [2] - The second batch contract is being executed according to the military's schedule [2]

Group 1: Company Overview and Activities - Xi'an Tianhe Defense Technology Co., Ltd. conducted an investor relations activity on February 3, 2026, involving a site visit and product introduction [1][2]. - The event included representatives from various investment firms, such as China Merchants Securities and Zhengyuan Investment [2]. Group 2: Product Development and Contracts - The company’s subsidiary, Tianwei Electronics, signed a second batch contract for the "Portable Air Defense Missile Intelligence Command System Upgrade" project, with a contract value of approximately 260 million RMB [3]. - The first batch of procurement contracts has passed military acceptance and product delivery, while the second batch is being executed according to military plans [3]. Group 3: Core Product Features - The "Portable Air Defense Missile Intelligence Command System" is recognized for its capabilities in providing air situation intelligence, operational command, fire control, and friend-or-foe identification [3]. - The system is designed to engage targets such as helicopters, fighter jets, and low-altitude drones, comprising radar units, command units, identification systems, guidance devices, and communication systems [3]. Group 4: Future Funding and Market Position - The company plans to raise funds through a private placement in 2024, with the net proceeds intended to supplement working capital for core business development [3]. - The funding process is currently under review by the Shenzhen Stock Exchange, with the first round of inquiries already responded to [3]. Group 5: AUV Market Strategy - The company’s subsidiary, Tianhe Haifang, positions itself as a high-end AUV (Autonomous Underwater Vehicle) supplier, focusing on industrialization to reduce production costs and enable mass supply [4]. - The company has experience in national projects and deep collaborations with universities, holding relevant intellectual property in the AUV field [4]. - There is a strategic consideration to develop AUVs compatible with torpedo launchers, which could enhance fleet operational safety and situational awareness [4].

（文章来源：证券日报） 证券日报网讯 2月2日，天和防务在互动平台回答投资者提问时表示，截至2026年1月30日，天和防务股 东总户数为56207户。 ...

Financial Performance Expectations - The company expects a net profit in the range of -12,000 to -9,000 thousand yuan for the fiscal year 2025, compared to -10,536.87 thousand yuan in the previous year[4] - The net profit after deducting non-recurring gains and losses is projected to be between -12,530 and -9,530 thousand yuan, down from -10,885.11 thousand yuan year-on-year[4] - The company anticipates that non-recurring gains and losses will positively impact the net profit attributable to shareholders by approximately 5,300 thousand yuan[5] Business Segments and Growth - The military products segment has seen revenue growth due to the successful delivery of the first batch of the "portable air defense missile intelligence command system upgrade" project[5] - Future performance improvement is expected due to the gradual delivery of contracts and growth in national defense budgets, alongside opportunities from emerging industries like digital economy and low-altitude economy[5] Strategic Focus and Competition - The company is focusing on enhancing core business areas and increasing R&D investment in key technologies, which has impacted current performance but is expected to yield future benefits[5] - The company is experiencing increased competition in the domestic 5G RF industry but is enhancing product performance and expanding market reach[5] - The company remains committed to innovation-driven and market-oriented development principles to enhance core competitiveness and sustainable growth[4] Financial Reporting and Transparency - The company has communicated with its auditing firm regarding the preliminary financial data, and there are no discrepancies noted[3] - The detailed financial data will be disclosed in the 2025 annual report, urging investors to make cautious decisions[6]

Group 1 - Tianhe Defense experienced a decline of 5.02% on January 20, with a stock price of 13.99 yuan per share, a trading volume of 303 million yuan, a turnover rate of 5.22%, and a total market capitalization of 7.242 billion yuan [1] - The company, established on May 8, 2004, and listed on September 10, 2014, is located in Xi'an, Shaanxi Province, and focuses on the research, production, sales, and technical trade of reconnaissance, command, and control systems based on continuous wave radar and optoelectronic detection technologies [1] - The revenue composition of Tianhe Defense includes 88.06% from electronic materials and components manufacturing, 12.17% from military equipment manufacturing, 4.26% from technology development and data services, 1.63% from other electronic equipment manufacturing, 0.92% from other sources, and 0.07% from civilian product trade [1] Group 2 - Among the top ten circulating shareholders of Tianhe Defense, a fund under Yongying Fund holds a position, with the General Aviation ETF (159378) increasing its holdings by 179,900 shares to a total of 1.2325 million shares, representing 0.3% of the circulating shares [2] - The General Aviation ETF (159378) was established on January 2, 2025, with a latest scale of 1.209 billion yuan, and has achieved a year-to-date return of 11.81%, ranking 686 out of 5,542 in its category; over the past year, it has returned 50.29%, ranking 1,309 out of 4,235 [2]