天宜新材：子公司天启颐阳和新毅阳临时停产

Core Viewpoint - Tianyi New Materials (688033) announced that its subsidiaries, Tianqi Yiyang and Xinyi Yang, are significantly impacted by the ongoing downturn in the photovoltaic industry, leading to weak demand for single crystal pulling materials and resulting in continuous business losses [1] Group 1: Company Performance - The production volume of quartz crucibles by Tianqi Yiyang and Xinyi Yang from January to November 2025 was 14,786 units, while the sales volume was 15,600 units, indicating a low production capacity utilization rate of 14.66% [1] - The quartz crucible production line is operating at a low utilization level, contributing to ongoing business losses for the subsidiaries [1] Group 2: Industry Impact - The photovoltaic industry is experiencing a destocking phase and remains persistently sluggish, which has severely affected the business operations of Tianqi Yiyang and Xinyi Yang [1] - In response to the worsening situation and to prevent further losses, the subsidiaries have decided to cease operations [1]