公司对金寨嘉悦一期项目计提减值不充分。2024年4月15日重庆恒禾资产评估有限公司为公司全资子公 司金寨嘉悦新能源科技有限公司(简称：金寨嘉悦)出具了评估报告，计提减值2.18亿元，减值主要针对 一期的P类型设备，未对通用设备均计提减值，且评估报告中经济性贬值数据与实际情况明显不符。 *ST聆达（300125）(300125.SZ)公告，公司近日收到中国证券监督管理委员会大连监管局出具的监管关 注函。大连监管局指出： 公司内控制度执行不到位。在检查中发现公司部分采购、贷款合同、对外担保的用印未进行审批。公司 聘请第三方机构为自有员工及劳动派遣员工代发工资，其中代发工资的劳务派遣员工存在替他人代领工 资或离职补偿的行为。公司2023年5月3日召开第六届董事会第二次会议，会议审定定向增发议案和与铜 陵狮子山高新园区管委会签订高效光伏电池片项目投资协议的议案，上述事项未进行内幕信息登记。 ...

Core Viewpoint - Tianye Co., Ltd. is facing significant challenges due to internal control issues, declining performance, and increased external competition, which have raised concerns about its governance structure and market position [3][7][6]. Group 1: Internal Control Issues - Tianye Co., Ltd.'s general manager, Shan Dan, is under investigation for suspected short-term trading, which has led to a warning and a fine of 100,000 yuan from the Guangxi Securities Regulatory Bureau [1]. - The company received a negative audit opinion on its 2024 financial report due to a lack of evidence regarding sales revenue and the recoverability of funds, which could lead to a delisting risk if it continues for two consecutive years [3][4]. - The company has acknowledged internal control deficiencies, which are seen as a significant factor contributing to its current difficulties [7]. Group 2: Financial Performance - In 2023, Tianye Co., Ltd. reported a revenue of 460 million yuan, a year-on-year decline of 2.33%, and a net profit of 33.38 million yuan, down 37.69% [5]. - For 2024, the company expects a revenue of 494 million yuan, a growth of 7.34%, but a significant drop in net profit to 9.65 million yuan, down 71.07% [5]. - The company’s net profit for 2024 was revised down to 9.65 million yuan, a decrease of 66.22% compared to previous estimates [4]. Group 3: Market Competition - The new tea beverage industry, where Tianye Co., Ltd. operates, is experiencing intense competition, with a significant increase in the number of new tea shops, reaching approximately 486,000 in 2022, a year-on-year growth of about 28% [4]. - The company has seen a shift in its top five customers, with the sales proportion from these clients dropping from 75.53% in 2022 to 51.02% in 2024, indicating a loss of market share [6]. - Major competitors in the raw juice supply market include Guotou Zhonglu, Andeli, and Haiseng Juice, which pose significant challenges to Tianye Co., Ltd.'s market position [6].