商誉减值不规范、财务资助未披露，天际股份内控短板亟待补齐

Core Viewpoint - The regulatory letter issued by the Shenzhen Stock Exchange highlights multiple violations by Tianji Co., including improper goodwill impairment testing, failure to follow procedures for financial assistance, and inadequate information disclosure, indicating significant internal control weaknesses and potential risks for future development [1][2]. Group 1: Goodwill Impairment Testing - The company failed to conduct goodwill impairment testing according to regulations for its subsidiaries in 2023 and 2024, which may lead to distorted financial data and obscure potential operational risks [1]. - Accurate goodwill impairment testing is crucial as it directly affects the reliability of financial statements, which are essential for investor decision-making [1]. Group 2: Financial Assistance and Disclosure Issues - From September 2023 to August 2025, the company provided financial assistance to non-related parties without proper review and disclosure, reflecting chaos in its fund management [2]. - The lack of clarity in fund allocation increases the risk of misappropriation and compliance issues, potentially harming the company's overall interests [2]. Group 3: Impact on Investor Trust and Market Position - Investor trust in the management may significantly decline due to these issues, leading to a cautious outlook on the company's future development [2]. - Regulatory penalties could follow, resulting in direct economic losses and affecting the company's ability to raise funds in the capital market [2]. Group 4: Recommendations for Improvement - The company must conduct a comprehensive review and optimization of its internal control system, particularly in financial management and information disclosure processes, to ensure compliance with accounting standards and regulatory requirements [3]. - Establishing a robust fund management system and enhancing monitoring of fund flows are essential to mitigate financial risks [3]. - Strengthening training and management of executives to enhance their accountability and compliance awareness is crucial for the company's operational integrity [3].