监管出手！锂电大牛股多名高管遭警示

Core Viewpoint - Tianji Co., Ltd. is facing multiple regulatory violations, leading to warnings issued to its chairman, secretary, and CFO by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [2][5]. Summary by Sections Regulatory Violations - Tianji Co., Ltd. has been found to have several compliance issues, including improper goodwill impairment testing for its subsidiaries and failure to appropriately account for employee compensation [5]. - The company also did not follow required procedures for financial assistance provided to non-related parties [5]. Financial Performance - In 2025, Tianji Co., Ltd. is expected to report a net profit of between 70 million to 105 million yuan, a significant recovery from a loss of 1.361 billion yuan in the previous year [6][7]. - The company's main product, lithium hexafluorophosphate, generated revenue of 718 million yuan in the first half of 2025, accounting for 67.27% of total revenue [6]. Market Trends - The price of lithium hexafluorophosphate saw a dramatic increase, rising from a low of 47,000 yuan per ton to a peak of 180,000 yuan per ton, marking a maximum increase of 283% [8]. - As of mid-January 2026, the market price stabilized between 153,000 to 160,000 yuan per ton, reflecting a more than 220% increase since July 2025 [8]. Stock Performance - Tianji Co., Ltd.'s stock price surged from a low of 6.09 yuan per share to 46.43 yuan per share by the end of 2025, representing an increase of nearly seven times [10]. - As of January 15, 2026, the stock closed at 45.15 yuan per share, with a market capitalization of 22.64 billion yuan [10].