天宜新材：全资子公司临时停产

Core Viewpoint - Tianyi New Materials (688033.SH) announced that its wholly-owned subsidiaries, Jiangyou Tianqi Yiyang New Materials Technology Co., Ltd. and Jiangsu Xinyi Yang High-tech Materials Co., Ltd., have received notices for temporary production suspension due to weak demand in the photovoltaic industry [1] Group 1: Company Operations - The subsidiaries primarily engage in the research, production, and sales of quartz crucibles for the photovoltaic industry [1] - As of November 30, 2025, the company has a total of 28 quartz crucible production lines with a capacity of 180,000 units, but only 110,000 units are usable due to ongoing upgrades [1] - From January to November 2025, the production volume of quartz crucibles was 14,786 units, and the sales volume was 15,600 units, resulting in a capacity utilization rate of 14.66% [1] Group 2: Industry Impact - The photovoltaic industry is experiencing a cyclical downturn, leading to significant impacts on the business of Tianyi New Materials' subsidiaries [1] - The ongoing inventory destocking in the photovoltaic supply chain has resulted in weak demand for single crystal pulling materials, causing continuous losses for the subsidiaries [1] - To prevent further losses and protect the interests of the company and its shareholders, the decision was made to suspend operations [1]