TJT(SZ:002977) Zhong Guo Ji Jin Bao·2025-12-29 16:19Group 1 - The core point of the article is that Tianjian Technology (stock code: 002977) has issued a significant risk warning, predicting a negative net profit for 2025, which may lead to a delisting risk warning from the Shenzhen Stock Exchange [2] - The company anticipates a non-recurring net profit of approximately -2.01 billion yuan and a revenue adjustment of about 2.56 billion yuan due to military product price adjustments [2] - The price adjustment affects three product models and has a retrospective accounting impact that could last up to 11 years, pushing the company's performance to the delisting risk warning threshold [2] Group 2 - Tianjian Technology's financial performance has been declining, with a 29.26% year-on-year revenue drop in the first half of 2025, resulting in a net loss of 657.67 million yuan [3] - In the third quarter of 2025, the company's revenue further decreased by 71.23% year-on-year, with a net loss of 1.898 billion yuan [4] - The company's net profit has been declining annually from 1.11 billion yuan in 2021 to 0.16 billion yuan in 2024 [6] Group 3 - Despite the company's struggles, the commercial aerospace sector has been thriving, with the sector's stock prices increasing by 80.10% as of December 25, 2025 [6] - Tianjian Technology's stock has seen significant gains, with a rise of over 60% in 2025 and four trading limits reached since November [6] - As of December 29, 2025, the stock price was 43.59 yuan per share, with a total market capitalization of approximately 5.236 billion yuan [7]