Tianwei Electronics (688511.SH): Restrictions on business with specific customers in a specific field are expected to have a negative impact on the company's production, operation and financial situation

Zhitongcaijing · 1d ago

Zhitong Finance App News, Tianwei Electronics (688511.SH) issued an announcement. The company learned that due to special events, the company and specific customers in a special field will be restricted from doing business until May 2027, which is expected to have a negative impact on the company's production, operation and financial situation.

The company's revenue recognition for specific customers in a special field in the past two years: in 2024, the company's revenue for specific customers in a special field was about 73,018,200 yuan, accounting for 93.91% of the company's 2024 revenue; in 2025, the company's revenue for specific customers in a special field was about 142.5461 million yuan, accounting for 94.91% of the company's 2025 revenue. According to the company's preliminary calculations, due to specific customer business restrictions in a specific field, up to now, the company has received written notices from some customers to cancel related orders in progress and contracts under development, with a total contract amount of 6.465,400 yuan. At the same time, some businesses under signed contracts were affected by this matter and were unable to complete product delivery and acceptance on time, involving an order amount of approximately RMB 98,188,600.