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Zhengzhou Tiamaes Technology Co Ltd

Zhengzhou Tiamaes Technology Co., Ltd. produces solutions for urban public transportation operations, management, and services based on internet of vehicles technology in China. Its offerings include intelligent dispatching, remote monitoring, cashier and charging management systems, bus terminal and active safety products, electronic bus stop boards, multimedia release, new energy charging, and taxi management products. The company also provides software solutions such as smart bus, integrated transportation, smart charging, smart taxi, and smart sanitation systems, along with big data service platforms and operations and maintenance services. Founded in 2004 and headquartered in Zhengzhou, China, it serves public transportation companies, bus manufacturers, and government departments.

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Tianmai Technology reports net loss of 16.99 million yuan in 2026 interim results

Tianmai Technology released its 2026 interim report, showing a net loss attributable to the parent company of 16.99 million yuan, an increase in losses of 12.72 million yuan compared with the same period last year. Total operating revenue was 46.32 million yuan, down 30.23 percent year on year. Net cash outflow from operating activities was 6.62 million yuan, an increase of 4.34 million yuan year on year. The company's latest asset-liability ratio was 20.50 percent, gross margin was 30.17 percent, return on equity was negative 3.86 percent, and diluted earnings per share was negative 0.25 yuan.
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Tianmai Technology Plans to Transfer 90% Stake in Subsidiary for 436,400 Yuan; Related-Party Transaction to Bring in Nearly 39.84 Million Yuan

Tianmai Technology plans to transfer a 90% stake in its wholly-owned subsidiary, Henan Xinmaiyan Automotive Testing, to Henan Zhiming for 436,400 yuan. The appraised value of all shareholders' equity in the target is 484,800 yuan, and the target still owes the listed company and its subsidiaries 39.4009 million yuan. The transferee will provide a loan to settle this debt before the closing, and this transaction will increase the company's cash inflow by approximately 39.84 million yuan. Since the main partner of the transferee, Guo Jianguo, holds a 23.63% stake in the company, and the company's director and general manager, Liu Hongyu, is his son-in-law, this transaction constitutes a related-party transaction and still needs to be submitted to the shareholders' meeting for deliberation, with Guo Jianguo recusing himself from voting. After the transaction is completed, the target company will no longer be included in the consolidated financial statements, and it is expected not to affect the company's current profit or loss.
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