TYSJ(SH:688033) 智通财经网·2025-12-12 10:22Core Viewpoint - The company Tianyi New Materials (688033.SH) announced the temporary suspension of operations for its wholly-owned subsidiaries, Jiangyou Tianqi Yiyang New Materials Technology Co., Ltd. and Jiangsu Xinyi Yang High-tech Materials Co., Ltd., due to weak demand in the photovoltaic industry and ongoing inventory destocking [1] Group 1: Company Operations - The subsidiaries Tianqi Yiyang and Xinyi Yang 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 Context - The photovoltaic industry is experiencing cyclical impacts, leading to a significant decline in demand for single crystal pulling materials [1] - The ongoing low demand has resulted in continuous losses for the subsidiaries, prompting the decision to suspend operations to prevent further losses and protect the interests of the company and its shareholders [1]