Yibin Tianyuan (SZ:002386) Sou Hu Cai Jing·2026-01-04 19:18Core Viewpoint - Tianyuan Group Co., Ltd. is actively expanding its production capacity and financial strategies while managing operational challenges in its subsidiaries [4][5][6]. Group 1: Trading Information - On December 31, 2025, Tianyuan shares closed at 5.43 yuan, down 1.99%, with a turnover rate of 1.7%, trading volume of 221,800 shares, and a transaction amount of 121 million yuan [1]. - On the same day, the net outflow of main funds was 12.858 million yuan, accounting for 10.65% of the total transaction amount, while retail investors saw a net inflow of 6.7811 million yuan, representing 5.62% of the total [2]. Group 2: Company Announcements - The company’s board approved an investment of 148.281 million yuan by its wholly-owned subsidiary to construct a 100,000-ton annual production capacity titanium dioxide project, with a construction period of 24 months and a payback period of 6.26 years [4]. - The board also approved a proposal to provide a guarantee for a 75 million yuan new policy financial tool loan application, with the controlling shareholder providing a joint liability guarantee [2][7]. - The company decided to cease operations of its subsidiary, Vietnam Tianxiang New Materials Technology Co., Ltd., starting January 1, 2026, due to ongoing losses since its operation began in 2024 [5]. - The board approved an increase in the risk margin for commodity futures hedging from 150 million yuan to 250 million yuan, allowing for cyclical use within the authorized period [3][8]. Group 3: Subsidiary Operations - The subsidiary Yunnan Tianli Coal Chemical Co., Ltd. signed a contract for a gas power generation project, which will utilize gas resources from Changneng Coal Mine, with a contract duration of 20 years [6][7]. - The project aims to prioritize electricity supply for the coal mine's own use, with excess power sold to the grid, contributing to resource utilization and cost reduction [7].