Tianwei Electronics issued a material matters reminder announcement on September 30, stating that due to special circumstances, its business with a specific client in a special field will be restricted before May 2027, which is expected to have a negative impact on production, operations, and financial condition. This client is Tianwei Electronics' core revenue source. In 2024, revenue from this client was 73.0182 million yuan, accounting for 93.91% of that year's operating revenue; in 2025, revenue from this client was 142.5461 million yuan, with the proportion rising to 94.91%. As of now, the company has received written notices from some clients regarding the cancellation of relevant orders on hand and research project contracts, with a total contract amount of 6.4654 million yuan; at the same time, business under some signed contracts cannot complete product delivery and acceptance on time, involving orders on hand of approximately 98.1876 million yuan. Tianwei Electronics cautioned that if major production and operating activities fail to return to normal within three months, the company's shares will be subject to other risk warnings by the Shanghai Stock Exchange; if annual operating revenue falls below 100 million yuan and losses occur, it will trigger delisting risk warning circumstances. The announcement did not disclose the specific name of this client. The company's previous public disclosures show that its system product clients are mainly various units under China North Industries Group Corporation.
Sichuan Tianwei Electronic Co LtdBusiness with its core client (93.91% of 2024 revenue) is restricted until May 2027, causing order cancellations and delivery delays that threaten delisting risk warnings.
