Core Viewpoint - ST Tianrui (300165.SZ) has shown strong stock performance recently, with significant gains in its 60-day range as of February 12, 2026 [1] Group 1: Sector Performance - The ST sector has performed robustly since 2025, with some stocks experiencing notable increases, driven by expectations of mergers and acquisitions and improvements in performance [2] - Policies such as the new "National Nine Articles" and "M&A Six Articles" have provided ST companies with opportunities for value reassessment, particularly those with asset integration potential [2] Group 2: Stock Performance - ST Tianrui's stock price has been on an upward trend, with a 5-day increase of 9.48%, a 20-day increase of 11.20%, and a year-to-date increase of 17.67% as of February 12, 2026 [3] - Technical indicators suggest that the stock price has broken through the upper band of the 20-day Bollinger Bands (5.596 yuan), and the KDJ indicator shows the J line at a high level (110.295), indicating a short-term bullish trend [3] Group 3: Financial Performance - ST Tianrui issued a performance forecast on January 28, 2026, expecting a net loss of 170 million to 240 million yuan for the full year of 2025, primarily due to project stagnation in some subsidiaries and asset impairment provisions [4] - Despite the financial challenges, there are market expectations regarding potential asset disposals or business adjustments in the future [4]

证券代码：300165 证券简称：ST天瑞 公告编号：2026-006 江苏天瑞仪器股份有限公司 一、财务总监变更情况 江苏天瑞仪器股份有限公司（以下简称"公司"）董事会于近日收到公司财 务总监吴志进先生提交的书面辞职报告。吴志进先生因个人原因申请辞去公司财 务总监职务，辞职后不在公司及其控股子公司担任任何职务。根据《深圳证券交 易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等相关规定， 吴志进先生的辞职报告自送达董事会之日起生效。吴志进先生辞职事宜不会影响 公司的正常运行。 吴志进先生原定财务总监任期至第六届董事会任期届满之日即 2026 年 8 月 30 日。截至本公告披露日，吴志进先生未持有公司股份，不存在应当履行而未 履行的承诺事项。公司及董事会对吴志进先生任职期间为公司发展所做出的贡献 表示衷心的感谢！ 公司将按照相关法律、法规和《公司章程》的规定，尽快完成新的财务总监 的聘任工作，在此期间，由董事长刘召贵先生代行财务总监职责。 二、董事会审计委员会调整情况 鉴于《上市公司独立董事管理办法》第五条规定，审计委员会成员应当为不 在上市公司担任高级管理人员的董事。因刘召贵先生代行公司高级 ...

证券代码：300165 证券简称：ST天瑞 公告编号：2026-005 江苏天瑞仪器股份有限公司 第六届董事会第十八次（临时）会议决议公告 经与会董事认真审议，形成如下决议： 1、审议通过了《关于调整第六届董事会审计委员会成员的议案》 鉴于《上市公司独立董事管理办法》第五条规定，审计委员会成员应当为不 在上市公司担任高级管理人员的董事。因吴志进先生申请辞去公司财务总监职 务，刘召贵先生代行公司高级管理人员财务总监的职务，刘召贵先生将不再担任 第六届董事会审计委员会委员。为完善公司治理结构，确保公司董事会审计委员 会能够有序高效开展工作，充分发挥其职能，公司于 2026 年 2 月 9 日召开第六 届董事会第十八次（临时）会议，审议通过了《关于调整第六届董事会审计委员 会成员的议案》，董事会同意职工董事贾立图女士担任公司第六届董事会审计委 员会成员。本次调整后，第六届董事会审计委员会委员由：王刚（召集人）、钱 宇瑾、刘召贵，调整为：王刚（召集人）、钱宇瑾、贾立图。 《关于变更高级管理人员及调整董事会审计委员会成员的公告》详见中国证 监会指定创业板信息披露网站巨潮资讯网（www.cninfo.com.cn）。 本 ...

Trading Information Summary - On February 2, ST Tianrui (300165) closed at 4.94 yuan, down 1.4%, with a turnover rate of 1.38% and a trading volume of 58,100 hands, amounting to 29.05 million yuan [1] - On the same day, the net inflow of main funds was 181,800 yuan, while retail funds saw a net inflow of 118,000 yuan, indicating a slight advantage for the market's bullish forces [2] Company Announcement Summary - ST Tianrui has received the formal administrative penalty decision from the China Securities Regulatory Commission (CSRC) and has completed the correction of accounting errors in the 2021 annual report. The company plans to apply for the cancellation of the risk warning after the rectification is completed [1][2] - The company’s stock will be subject to other risk warnings starting from December 10, 2024, due to the receipt of the CSRC's administrative penalty notice [1]

证券代码：300165 证券简称：ST天瑞 公告编号：2026-004 江苏天瑞仪器股份有限公司 一、实施其他风险警示的原因 公司于2024年12月6日收到中国证监会出具的《行政处罚事先告知书》，根据 《行政处罚事先告知书》认定的情况，公司涉及的违法违规行为触及《深圳证券 交易所创业板股票上市规则》第9.4条第（七）项规定的被实施其他风险警示情形， 公司股票于2024年12月10日起被实施其他风险警示，具体内容详见公司在巨潮资 讯网上披露的《关于公司股票交易被实施其他风险警示暨股票停复牌的提示性公 告》（公告编号：2024-074）。 二、采取的措施及进展情况 1、针对《行政处罚决定书》所涉事项，公司于2024年4月24日召开了第六 届董事会第七次会议和第六届监事会第五次会议，审议通过了《关于前期会计 差错更正及追溯调整的议案》，对2021年年报进行了会计差错更正及追溯调整， 并于2024年4月26日披露了《关于公司前期会计差错更正及追溯调整的公告》 （公告编号：2024-015）等相关文件。目前，公司不存在尚未整改完毕的事项。 关于公司股票被实施其他风险警示相关事项的进展公告 本公司及董事会全体成员保证信息 ...

Core Viewpoint - ST Tianrui (300165.SZ) expects a net profit attributable to shareholders of the listed company to be between -240 million and -170 million yuan for 2025, with a net profit after deducting non-recurring gains and losses estimated at -246.51 million to -176.51 million yuan [1] Financial Performance - The company anticipates a significant net loss for 2025, indicating ongoing financial challenges [1] - The projected net loss reflects a deterioration in market conditions affecting the company's operations [1] Project Status - The company's subsidiary, Qingshui Jingsheng Living Waste Resource Utilization Co., Ltd., has halted its PPP project due to changes in market conditions and plans to pursue external transfer of the project [1] - In accordance with the relevant provisions of the Accounting Standards for Enterprises No. 8 on asset impairment, the company plans to make an asset impairment provision of 85 million to 100 million yuan for the related contract assets of the project [1]

证券代码：300165 证券简称：ST天瑞 公告编号：2026-003 江苏天瑞仪器股份有限公司 关于控股股东收到仲裁裁决书的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 近日，江苏天瑞仪器股份有限公司（以下简称"公司"或"天瑞仪器"）收 到公司控股股东刘召贵先生提交的上海国际经济贸易仲裁委员会（上海国际仲裁 中心）出具的《裁决书》（上国仲（2025）第 1729 号），上海国际经济贸易仲 裁委员会（上海国际仲裁中心）就刘召贵先生与广州立多虚拟现实科技合伙企业 (有限合伙)(以下简称"立多虚拟")之间股份转让协议纠纷事项做出终局裁决， 现将相关情况公告如下： 一、情况概述 2023 年 5 月 12 日，刘召贵先生与立多虚拟签订《刘召贵与广州立多虚拟现 实科技合伙企业(有限合伙)关于江苏天瑞仪器股份有限公司之股份转让协议》， 约定将其名下 5.01%的天瑞仪器股份以 4.7 元/股的价格转让给立多虚拟，合同总 价款为 116,678,143.90 元。 2023 年 5 月 19 日，立多虚拟按照合同约定向刘召贵先生支付了第一笔转让 款，即合同总价款的 ...

Financial Performance Expectations - The company expects a net profit in the range of -24,000 to -17,000 thousand yuan for the fiscal year 2025, representing a decline of 146.61% to 74.68% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses is projected to be between -24,651 and -17,651 thousand yuan, reflecting a decrease of 148.20% to 77.72% year-over-year[3] Asset Impairment Provisions - The company plans to recognize an asset impairment provision of 85,000 to 100,000 thousand yuan related to the PPP project of its subsidiary, which is currently stagnant and intended for external transfer[4] - An inventory impairment provision of 35,000 to 40,000 thousand yuan is expected to be recognized based on the company's accounting policies and prudence principle[4] - The company anticipates goodwill impairment of approximately 35,000 to 41,800 thousand yuan for its subsidiaries, based on their business composition and future expectations[4] Investor Guidance - The financial data for the fiscal year 2025 will be detailed in the company's annual report, urging investors to make cautious decisions and be aware of investment risks[5]

证券代码：300165 证券简称：ST天瑞 公告编号：2026-001 江苏天瑞仪器股份有限公司 关于公司股票被实施其他风险警示相关事项的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 一、实施其他风险警示的原因 公司于2024年12月6日收到中国证监会出具的《行政处罚事先告知书》，根据 《行政处罚事先告知书》认定的情况，公司涉及的违法违规行为触及《深圳证券 交易所创业板股票上市规则》第9.4条第（七）项规定的被实施其他风险警示情形， 公司股票于2024年12月10日起被实施其他风险警示，具体内容详见公司在巨潮资 讯网上披露的《关于公司股票交易被实施其他风险警示暨股票停复牌的提示性公 告》（公告编号：2024-074）。 二、采取的措施及进展情况 1、针对《行政处罚决定书》所涉事项，公司于2024年4月24日召开了第六 届董事会第七次会议和第六届监事会第五次会议，审议通过了《关于前期会计 差错更正及追溯调整的议案》，对2021年年报进行了会计差错更正及追溯调整， 并于2024年4月26日披露了《关于公司前期会计差错更正及追溯调整的公告》 ...

Core Viewpoint - ST Tianrui has resumed trading after terminating the planned change of control, with the stock closing at 4.60 yuan, reflecting a decline of 0.86% and a total market capitalization of 2.279 billion yuan [1]. Group 1 - The company announced the termination of the planned change of control due to a lack of consensus between the controlling shareholder and the counterparties involved [1]. - The decision to terminate the control change was made in a cautious manner, ensuring that it would not have a significant adverse impact on the company's operational performance and financial status [1]. - The company’s operations remain normal despite the termination of the control change plan [1]. Group 2 - The company applied to the Shenzhen Stock Exchange for the resumption of trading, which took effect on December 8, 2025 [2].