Yibin Tianyuan (SZ:002386) Shen Zhen Shang Bao·2026-02-09 13:25Core Viewpoint - Tianyuan Co., Ltd. announced the decision to liquidate its subsidiary, Vietnam Tianxiang New Materials Technology Co., Ltd., due to ongoing financial losses and unfavorable external conditions impacting its operations [1][3]. Group 1: Company Actions - The board of Tianyuan Co. approved the liquidation of Vietnam Tianxiang, which was established in 2023 and focused on producing SPC and LVT flooring, among other activities [1]. - The company reported net losses of 16.91 million yuan in 2024 and 10.61 million yuan in the first three quarters of 2025 [3]. - The decision to liquidate is part of a broader strategy to reduce losses and streamline operations, as the subsidiary has been negatively impacted by U.S. tariffs on Vietnam and rapid capacity expansion in the flooring market [3]. Group 2: Financial Performance - Tianyuan Co. expects a net profit attributable to shareholders of 68 million to 98 million yuan for 2025, representing a year-on-year increase of 114.80% to 121.32% [4]. - The company anticipates a net profit, excluding non-recurring items, to be between -115 million and -85 million yuan, showing a year-on-year improvement of 73.18% to 80.18% [4]. - Prior to this, Tianyuan Co. reported net losses of 233 million yuan in 2023 and 429 million yuan in 2024 [5]. Group 3: Market Context - Tianyuan Co. has been actively "streamlining" its operations, having previously announced the liquidation of other subsidiaries, including Yibin Herui Technology Co., Ltd. and Guangdong Tianruide New Materials Co., Ltd., due to unmet strategic goals and market demand changes [4]. - As of February 9, the company's stock price increased by 1.52%, closing at 6.03 yuan per share, with a total market capitalization of 7.849 billion yuan [5].