天际股份2025年扭亏为盈，同时收深交所监管函涉及多项违规

Core Viewpoint - Tianji Co., Ltd. has announced a turnaround in its financial performance for 2025, achieving profitability after a previous loss, while also receiving a regulatory warning from the Shenzhen Stock Exchange for multiple violations [2][3]. Financial Performance - For the fiscal year 2025, Tianji Co. expects a net profit of between 70 million to 105 million yuan, compared to a loss of 1.36 billion yuan in the previous year [3] - The company anticipates a net profit of 60 million to 90 million yuan after excluding non-recurring gains and losses, up from a loss of 1.37 billion yuan in the prior year [3] - Basic earnings per share are projected to be between 0.14 yuan and 0.21 yuan, a significant improvement from a loss of 2.71 yuan per share in the previous year [3] Key Drivers of Performance - The recovery in profitability is attributed to the rising demand in the new energy vehicle and energy storage markets, leading to an increase in the sales price of lithium hexafluorophosphate in Q4 2025 [3] - The profit generated in the fourth quarter compensated for losses incurred in the first three quarters, enabling the company to achieve an overall profit for the year [3] - The subsidiary Changshu Xinte Chemical Co., Ltd. also contributed positively, with improved market conditions and rising sales prices for sodium hypophosphite, which ended its previous loss situation [4] Regulatory Issues - On January 15, 2025, Tianji Co. received a regulatory letter from the Shenzhen Stock Exchange, highlighting three main violations: improper goodwill impairment testing for subsidiaries, inadequate salary provisions for sales and management personnel, and failure to follow proper procedures for financial assistance to non-related parties [5] - The regulatory letter emphasized that these actions violated relevant stock exchange regulations, and the company's senior management was held accountable for these lapses [5] - The Shenzhen Stock Exchange urged the company and its executives to learn from these issues and adhere strictly to legal and regulatory requirements for information disclosure [5]