Analysis of Strong Performance of Tianmai Technology (300807): Catalysts, Support, and Sustainability

The direct reason for Tianmai Technology (300807)‘s strength today is

: At Zhongtong Bus’s 2026 Supply Chain Strategic Partner Conference, the company won the ‘2025 Annual R&D Innovation Leadership Award’ for its R&D breakthroughs in the intelligent cockpit field [1]. This recognition has enhanced investors’ confidence in its technical strength and the prospects of cooperation with large bus manufacturers.
At the same time, the company covers such as the Internet of Things, unmanned driving, AI agents, Internet of Vehicles, and intelligent transportation [1]. The recent overall activity of these segments has formed a synergistic effect, providing external support for the stock price.

• Price Trend
  : 1-day increase of 12.09% [0], 5-day cumulative increase of 12.14% [0], intraday hit a 60-day high of 51.46 yuan [2].
• Trading Volume
  : Today’s trading volume is 62,900 shares, which is 2.43 times the 10-day average volume (25,900 shares) [0]. The volume-driven rise indicates a significant increase in market attention.
• Technical Form
  : The current support level is about 45 yuan, and the resistance level points to the 52-week high of 54.77 yuan [0].

• Revenue Growth
  : 2025 Q3 operating revenue increased by 57.08% YoY [1], showing momentum in business expansion.
• Profit Challenge
  : Q3 net profit was -15.3507 million yuan [1][0], with consecutive quarterly losses; profitability has not yet emerged.
• Valuation Level
  : P/E is -157.22x (negative due to losses), P/B reaches 7.29x [0], significantly higher than the industry average, with great valuation pressure.

1. Coupling of Technical Recognition and Business Prospects
   : The Zhongtong Bus award not only verifies the company’s technical strength but also implies potential order growth space, but it needs subsequent cooperation implementation to support it.
2. Divergence Between Short-term Momentum and Long-term Value
   : The linkage of concept segments and the increase in trading volume support short-term strength, but continuous losses and high valuation limit long-term upside space.
3. Volatility Risk of Small-cap Stocks
   : The company’s circulating market value is about 2.333 billion yuan [1], which belongs to small-cap stocks; the stock price is easily affected by capital flows and market sentiment.

• Valuation Risk
  : P/B of 7.29x is significantly high [0], and the valuation lacks support against the background of unrecovered profits.
• Profit Risk
  : Consecutive quarterly losses; revenue growth has not been converted into profits; attention needs to be paid to cost control and business implementation.
• Volatility Risk
  : The small-cap stock attribute leads to large stock price fluctuations; the short-term upward trend may face correction pressure.

• Growth of Intelligent Transportation Industry
  : Under policy support, the intelligent transportation market is expanding, and the company’s technical accumulation may benefit.
• Deepening of Supply Chain Cooperation
  : Cooperation with bus manufacturers such as Zhongtong Bus may drive order growth.

Tianmai Technology (300807)'s strong performance today is driven by the recognition of its intelligent cockpit technology and segment synergy. Technically, it shows a trend of volume-driven rise and hitting a 60-day high. Although the fundamentals have significant revenue growth, continuous losses and high valuation pose risks. Short-term momentum may continue, but long-term trends need to pay attention to profit recovery and cooperation implementation. Investors should objectively evaluate the actual business impact of technical recognition and valuation risks.