DNT(SZ:300245) Shen Zhen Shang Bao·2025-12-22 23:23Core Viewpoint - Tianji Technology is facing legal challenges due to allegations of collusion in bidding, which has raised concerns about its governance and operational stability [1][3]. Group 1: Legal Issues - The Shanghai Hongkou District People's Procuratorate has filed a lawsuit against Tianji Technology and its responsible individuals for alleged collusion in a bidding project [1]. - The company's chairman, Su Yujun, was detained for suspected collusion in bidding, and his son, Su Bo, has taken over as the new chairman [3][6]. Group 2: Financial Performance - Tianji Technology has reported continuous losses, with net profits for the years 2022 to 2024 being -3.08 million, -71.05 million, and -57.76 million respectively, indicating a worsening trend [6]. - For the first three quarters of 2025, the company achieved a revenue of 308 million, a year-on-year increase of 35.80%, but the net profit further declined to -42.91 million, with a year-on-year decrease of 197.84% [6][8]. Group 3: Cash Flow and Market Performance - The company's cash flow situation is concerning, with a net cash flow from operating activities of -114 million and a net outflow from investing activities of 360 million for the first three quarters of 2025 [8]. - The stock price has significantly declined from a high of 29.13 yuan per share in February 2025 to 13.01 yuan per share by December 22, 2025, representing a cumulative drop of 48.25% [8].