TYSJ(SH:688033) Shen Zhen Shang Bao·2026-01-15 11:56Core Viewpoint - Tianyi New Materials (688033) appointed Yang Kailin as the new president, with her term starting from January 15, 2026, amid significant financial challenges including expected losses and legal issues [1][3]. Group 1: Management Changes - Yang Kailin, daughter of the company's actual controller and chairman Wu Peifang, has been appointed as president, with her qualifications meeting legal and regulatory requirements [1][2]. - Yang Kailin holds a total of 0.10% of the company's shares, with 0.01% directly and 0.09% indirectly through a partnership [2]. Group 2: Financial Performance - Tianyi New Materials reported a significant decline in revenue, with 2024 revenue at 763 million CNY, down 63.85% year-on-year, and a net loss of 1.495 billion CNY, marking the first annual loss since its listing [4]. - For the first three quarters of 2025, the company achieved total revenue of 564 million CNY, a decrease of 11.69% year-on-year, with a net loss of 371 million CNY, an improvement from a loss of 587 million CNY in the same period last year [6]. Group 3: Operational Challenges - The company is facing severe financial difficulties, including a projected negative net profit for 2025 and significant debt issues, with 46.21 million CNY in assets frozen by the court and 39.52 million CNY in fundraising being forcibly deducted [3]. - Legal actions from multiple financial institutions and suppliers due to outstanding debts have led to the freezing of several bank accounts, severely impacting daily operations [3].