Core Viewpoint - Tianji New Energy Technology Co., Ltd. is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, which has led to market volatility and investor concern [1][2]. Group 1: Company Overview - Tianji New Energy's main business includes new energy battery materials and household appliances, with a focus on lithium battery electrolyte additives, establishing a dual-main business development pattern [1]. - The company has been actively expanding production capacity and market reach since 2024, maintaining stable operational conditions [1]. Group 2: Regulatory Context - The investigation reflects the regulatory authority's ongoing "zero tolerance" approach towards information disclosure quality, particularly concerning sensitive financial data and major contracts [2]. - The company has committed to cooperating with the investigation and ensuring compliance with information disclosure obligations during this period [2]. Group 3: Market Reaction and Implications - The announcement of the investigation has caused fluctuations in the company's stock price, raising concerns among investors about the potential impact on corporate governance and market reputation [3]. - The situation serves as a reminder of the importance of compliance in the context of the ongoing implementation of a comprehensive registration system, emphasizing the need for accurate and complete information disclosure [2].

中国经济网北京2月12日讯天际股份（002759）(002759.SZ)今日一字跌停，截至收盘报39.56元，跌幅 10.01%。 昨日晚间，天际股份发布的关于收到中国证券监督管理委员会立案告知书的公告显示，公司于2026年2 月11日收到中国证监会下发的《立案告知书》(编号：证监立案字0062026005号)，因公司涉嫌信息披露 违法违规，根据《中华人民共和国证券法》《中华人民共和国行政处罚法》等法律法规，中国证监会决 定对公司立案。 | 报告期末普通股股东总数 | | 100. 421 | | 报告期末表决权恢复的优先股股东总数(如有) | | 0 | | --- | --- | --- | --- | --- | --- | --- | | | | | 前10名股东持股情况(不含通过转融通出借股份) | | | | | 股东名称 | 股东性质 | 持股比例 | 持股数量 | 持有有限售条 | | 质押、标记或冻结情况 | | | | | | 件的股份数量 | 股份状态 | 数量 | | 汕头市天际有 | 境内非国有法 | 13.08% | 65,588,080 | 0 | 质押 | 59. 488. 1 ...

Core Viewpoint - Tianji Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure regulations, but the company asserts that its production and operational activities remain normal and unaffected by the investigation [2][4]. Group 1: Regulatory Actions - The CSRC has decided to initiate a case against Tianji Co., Ltd. due to issues related to improper goodwill impairment testing, inaccurate financial accounting, and non-compliance with information disclosure regulations [2][4]. - The Guangdong Regulatory Bureau issued an administrative regulatory decision, citing the company's failure to adhere to the "Management Measures for Information Disclosure of Listed Companies" [5]. - The Shenzhen Stock Exchange has also issued a regulatory letter to Tianji Co., Ltd. regarding the same violations [5]. Group 2: Company Response - Tianji Co., Ltd. has expressed its commitment to cooperate with the CSRC and to rectify the identified issues by implementing corrective measures and submitting a written report to the regulatory authorities [6]. - The company plans to enhance its understanding of relevant laws and regulations, improve its internal control systems, and elevate the quality of its information disclosure to protect the interests of shareholders [6]. Group 3: Financial and Shareholder Information - As of February 11, the stock price of Tianji Co., Ltd. was reported at 43.96 yuan per share, with a total market capitalization of 22 billion yuan [7]. - As of January 30, the company had over 180,000 shareholders, reflecting a 2.02% increase in the number of shareholders compared to the previous period [9][10].

Core Viewpoint - Tianji Co., Ltd. (002759.SZ) experienced a significant drop in stock price, hitting the daily limit down, primarily due to regulatory concerns following an investigation by the China Securities Regulatory Commission (CSRC) for alleged information disclosure violations [1] Group 1: Stock Performance - The stock price of Tianji Co., Ltd. fell to 39.56 yuan, with a market capitalization dropping below 20 billion yuan [1] - The sell-off was triggered by the announcement of the CSRC's investigation, leading to a sealed order amounting to 1.749 billion yuan [1] Group 2: Regulatory Issues - The company is under investigation by the CSRC for suspected violations of information disclosure laws, which has heightened investor concerns regarding compliance risks [1] - On January 15, the company faced regulatory measures from the Shenzhen Stock Exchange and the Guangdong Securities Regulatory Bureau due to issues related to goodwill impairment testing and inaccurate financial accounting [1]

Core Viewpoint - Tianji Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, following previous findings of irregularities in goodwill impairment testing, financial accounting, and information disclosure [1][4]. Group 1: Regulatory Actions - On February 11, 2026, Tianji Co., Ltd. received a notice from the CSRC regarding the initiation of an investigation due to suspected violations of securities laws [1][4]. - On January 15, 2026, the company disclosed that the Guangdong Securities Regulatory Bureau had identified several violations, including non-standard goodwill impairment testing and inaccurate financial accounting [4]. Group 2: Financial Performance - The company forecasted a net profit of between 70 million and 105 million yuan for the fiscal year 2025, a significant turnaround from a loss of 1.361 billion yuan in the previous year [2][4]. - Since late August 2025, the stock price of Tianji Co., Ltd. surged from below 10 yuan to a peak of 55.98 yuan, although it has recently experienced a decline [2][4]. Group 3: Investor Implications - Investors who purchased shares of Tianji Co., Ltd. before January 11, 2026, and sold or held them after January 12, 2026, may be eligible for compensation due to the ongoing investigation [3][5].

Group 1 - The lithium battery electrolyte index dropped by 2% at the beginning of trading, with most constituent stocks declining [1] - Tianji Co. hit the daily limit down, while Haike Xinyuan, Duofuduo, Huasheng Lithium Battery, and Shida Shenghua experienced significant declines [1]

Core Viewpoint - Tianji Co., Ltd. is currently facing regulatory scrutiny due to multiple violations identified by the Shenzhen Stock Exchange and the China Securities Regulatory Commission, which may impact its operations and governance [2][4]. Regulatory Issues - The Shenzhen Stock Exchange issued a regulatory letter on January 15, highlighting several violations by Tianji Co., Ltd. and its executives, including improper goodwill impairment testing for subsidiaries [2]. - Specific violations include non-compliance in goodwill impairment testing for Jiangsu Xintai Material Technology Co., Ltd. and Changshu Yuxiang Trading Co., Ltd. for the years 2023 and 2024 [2]. - The company and its subsidiary, Changshu Xinte Chemical Co., Ltd., failed to appropriately accrue salaries for sales and management personnel from September 2023 to December 2024 [3]. - Tianji Co., Ltd. provided financial assistance to non-related parties without following the required approval procedures and disclosure obligations from September 2023 to August 2025 [4]. Management Accountability - The actions of Tianji Co., Ltd. and its executives, including Chairman and General Manager Wu Xidun, CFO Yang Zhixuan, and Secretary of the Board Zheng Wenlong, have been deemed as failing to fulfill their duties and responsibilities, leading to administrative penalties [4]. Business Performance - On January 15, Tianji Co., Ltd. released its earnings forecast for 2025, projecting a net profit attributable to shareholders of between 70 million and 105 million yuan, a significant turnaround from a loss of 1.361 billion yuan in the previous year [5]. - The company attributes this expected recovery to the rapid growth in demand within the new energy vehicle and energy storage markets, leading to an increase in sales prices for its main product, lithium hexafluorophosphate, in the fourth quarter of 2025 [5].

Core Viewpoint - Tianji Co., Ltd. is under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, which the company claims will not significantly impact its normal operations [2][3]. Group 1: Regulatory Actions - On February 11, Tianji Co., Ltd. received a notice from the CSRC regarding the initiation of an investigation due to alleged information disclosure violations [3]. - Prior to this investigation, on January 16, the Guangdong Securities Regulatory Bureau had already issued corrective measures against Tianji Co. for issues related to goodwill impairment testing, inaccurate financial accounting, and non-compliance with information disclosure [2][3][4]. - The Shenzhen Stock Exchange also issued regulatory letters to the company and three executives involved in the violations [4]. Group 2: Financial Corrections - On the same day as the investigation announcement, Tianji Co. published corrections regarding previous accounting errors, adjusting financial statements for 2023, 2024, and the third quarter of 2025 [5]. - The adjustments included a reduction in the net profit attributable to the parent company for 2023 from 36.64 million yuan to 35.09 million yuan, and a change in the total comprehensive income for 2024 from -1.361 billion yuan to -1.351 billion yuan [5]. Group 3: Financial Assistance Confirmation - Tianji Co. confirmed a financial assistance amounting to 30 million yuan provided to Ningxia Yongli New Materials Co., Ltd., which was initially intended as a prepayment for an investment that could not proceed due to project delays [6]. - The company stated that the financial assistance has matured, and it plans to recover the funds through negotiation or litigation [6].

Market Overview - On February 12, 2026, the A-share market showed mixed results, with the Shanghai Composite Index closing at 4131.98 points, up 0.09%, while the Shenzhen Component Index fell 0.35% to 14160.93 points, and the ChiNext Index dropped 1.08% to 3284.74 points. Over 3200 stocks declined, and the total trading volume in the Shanghai and Shenzhen markets was 1.98 trillion yuan, a decrease of 120 billion yuan from the previous trading day [1]. - The Hong Kong stock market saw all three major indices rise, with the Hang Seng Index increasing by 0.31% or 83.23 points to close at 27266.38 points, and a total trading volume of 217.22 billion HKD. The Hang Seng China Enterprises Index rose by 0.28% to 9268.18 points, while the Hang Seng Tech Index gained 0.9% to 5499.99 points [1]. - In the U.S. stock market, all three major indices closed lower, with the Dow Jones Industrial Average down 0.13% to 50,121.40 points, the S&P 500 slightly down by 0.34 points to 6,941.47 points, and the Nasdaq Composite Index falling 0.16% to 23,066.47 points [1]. Important News - The State-owned Assets Supervision and Administration Commission (SASAC) has urged central enterprises to enhance investment in computing power and promote the synergy between "computing power and electricity." This initiative aims to improve data governance capabilities and strengthen the foundation of the artificial intelligence industry [1]. - During a recent meeting, SASAC emphasized the need for central enterprises to focus on independent innovation, particularly in overcoming key core technologies and advancing "large model" technologies. The goal is to transform more independent innovation results from prototypes into products and establish industries [1]. - SASAC also called for the cultivation of application scenarios, ensuring precise alignment between artificial intelligence and core business needs, with a focus on high adaptability, high value, and high reliability [1]. - Additionally, SASAC highlighted the importance of open-source collaboration, urging central enterprises to accelerate the iteration and upgrade of open-source "renewal communities" and strive to become "empowering enterprises," thereby fostering the construction of an "AI+" industrial community and nurturing a mutually beneficial industrial ecosystem [1].

Economic Information - The price of silicon wafers has declined again this week due to a decrease in raw material costs and weakened battery demand. There is still a risk of further price drops, but the overall space for decline is limited. Most silicon wafer companies are halting production, while some have plans to increase output, maintaining previous levels of market orders. Total inventory of silicon wafers is currently above a reasonable level [2] - By early 2026, several companies in the photovoltaic industry are expected to announce project terminations, delays, or divestitures of photovoltaic assets. The reasons for these actions are changing, as the industry shifts from oversupply to a phase of accelerated capacity clearance, with expectations of more severe clearance in 2026 compared to 2025 [2] - NineFang Zhitu Holdings announced that its subsidiary received an administrative regulatory decision from the Shanghai Securities Regulatory Bureau, requiring it to correct issues and suspend new client acquisitions for three months due to misleading marketing content and inadequate compliance controls [2] - International oil prices have recently fluctuated upwards, leading to significant premiums in oil funds. Southern Fund has adjusted the purchase limit for its oil fund to 1 yuan, effectively closing the door to new investors. Other funds have also implemented strict purchase limits to prevent excessive speculative inflows and help the market return to rational pricing [2] Company Alerts - Tianji Co., Ltd. is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure [4] - Juyi Rigging announced it has not signed a 4.58 billion yuan project in Hainan, with a total order amount of 996.51 thousand yuan in the commercial aerospace sector for 2025 [4] - Several companies, including Keri Technology and Haibo Shichuang, have announced plans for significant shareholder reductions, with reductions not exceeding 3.13% and 3% respectively [4][7] - Wenta Technology is facing legal restrictions on its control over Anshi due to a court ruling [8] - YN Energy Holdings plans to increase its investment in a subsidiary by no more than 1.4 billion yuan, without consolidating financial statements [8] - In 2025, Innotech is projected to have a net profit of 146 million yuan, a year-on-year decrease of 40.84% [8] - The company Guowang Xintong is expected to report a net profit of 678 million yuan for 2025, down 16.91% year-on-year [8] - Lan Shi Heavy Industry is under investigation for disciplinary and criminal issues, with its deputy general manager being detained [8] - Top Group anticipates a year-on-year decline in net profit of 3%-13% for 2025 due to fluctuations in raw material prices and intensified market competition [8] - ST Sunshine is expected to report a net loss of 218 million yuan for 2025 [8]