监管函再揭治理短板，天际股份财务内控引关注

Group 1 - The core issue highlighted by the Shenzhen Stock Exchange is the potential risks in financial internal control and corporate governance of Tianji New Energy Technology Co., Ltd. amid its rapid expansion [1][4] - The regulatory letter issued on January 15, 2026, points out three main areas of violation: goodwill impairment testing, employee compensation accrual, and external financial assistance [2][5] Group 2 - The first violation concerns the goodwill impairment testing for subsidiaries Jiangsu Xintai Material Technology Co., Ltd. in 2023 and Changshu Yuxiang Trading Co., Ltd. in 2024, which did not follow the required procedures [2][5] - The second issue relates to employee compensation, where the company and its subsidiary Changshu Xinte Chemical Co., Ltd. failed to properly accrue salaries for sales and management personnel from September 2023 to December 2024, potentially leading to inaccurate cost accounting [2][5] - The third violation involves external financial assistance, where the company provided financial support to non-related parties from September 2023 to August 2025 without following necessary review procedures or timely information disclosure [2][5] Group 3 - The repeated violations indicate underlying issues in Tianji's internal control and financial discipline, which could affect the accuracy of financial statements and the true reflection of the company's asset status [3][6] - Since 2022, the company has faced multiple regulatory inquiries and warnings related to information disclosure, share reduction violations, and product quality issues, raising concerns about its governance and risk management capabilities [3][6] - A fire incident at its wholly-owned subsidiary Jiangsu Xintai Material Technology Co., Ltd. in August 2024 further exacerbates scrutiny over the company's overall governance level and risk control ability [3][6]