TYSJ(SH:688033) Shang Hai Zheng Quan Bao·2025-12-12 20:33Group 1 - The company announced the resignation of its President Meng Li and Vice President Chuo Yanming due to personal reasons, effective immediately upon submission of their resignation reports [2][4][5] - Meng Li was responsible for daily operations, strategic planning, and management optimization, while Chuo Yanming focused on the research and production of carbon-carbon composite materials [4][5] - The company will promptly elect a new President in accordance with relevant laws and regulations [4] Group 2 - The company's wholly-owned subsidiaries, Jiangyou Tianqi Yiyang New Materials Technology Co., Ltd. and Jiangsu Xinyi Yang High-tech Materials Co., Ltd., have temporarily ceased operations due to weak demand in the photovoltaic industry [6][8] - As of November 30, 2025, the company had 28 quartz crucible production lines with a capacity of 180,000 units, but only 110,000 units were usable due to ongoing upgrades [6][8] - The subsidiaries reported a production volume of 14,786 units and a sales volume of 15,600 units from January to November 2025, resulting in a low capacity utilization rate of 14.66% [6][8] Group 3 - The subsidiaries' operations contributed 37.99% of the company's audited revenue in 2024, with a net loss of 62,630.46 million yuan [8] - For the first three quarters of 2025, the subsidiaries accounted for 25.23% of the company's revenue, with a net loss of 5,209.76 million yuan [8] - The temporary shutdown is expected to significantly impact the company's future business, as it will halt revenue contributions from the quartz crucible segment [8][9]