1月15日-16日，天际股份接连披露重要公告，一方面发布2025年年度业绩预告，宣布公司实现扭亏为盈；另一方面收到深圳证券 交易所监管函，因多项违规行为被监管警示。 2025年业绩扭亏为盈，核心产品涨价成关键驱动力 1月16日，天际股份发布2025年年度业绩预告，公告显示，公司业绩预告期间为2025年1月1日至12月31日，预计经营业绩实现扭 亏为盈。其中，归属于上市公司股东的净利润预计盈利7000万元至10500万元，上年同期为亏损136088.46万元；扣除非经常性损 益后的净利润预计盈利6000万元至9000万元，上年同期为亏损137304.70万元；基本每股收益预计盈利0.14元/股至0.21元/股，上 年同期为亏损2.71元/股。 对于业绩变动原因，公司表示，受新能源汽车市场和储能市场需求快速增长影响，公司主要产品六氟磷酸锂在2025年第四季度销 售价格上涨，盈利能力恢复，第四季度实现的利润弥补了前三季度亏损，助力公司全年扭亏为盈。不过，公司依约执行部分长协 低价订单，在一定程度上影响了盈利水平。 此外，公司子公司常熟新特化工有限公司的主要产品次磷酸钠，其市场行情在2025年第四季度好转，销售价格上 ...

Core Viewpoint - Tianji Co., Ltd. has faced regulatory actions from the China Securities Regulatory Commission and the Shenzhen Stock Exchange due to several compliance issues, while simultaneously reporting a significant turnaround in financial performance for 2025, driven by the rising demand and prices for lithium hexafluorophosphate, a key material for lithium batteries. Regulatory Actions - The company received a corrective order from the Guangdong Regulatory Bureau of the China Securities Regulatory Commission and warning letters for its executives due to non-compliance in goodwill impairment testing and improper accounting for employee compensation [1] - Specific violations include irregular goodwill impairment tests for subsidiaries and failure to properly disclose financial assistance to non-related parties [1] Financial Performance - For the first half of 2025, revenue from lithium hexafluorophosphate reached 718 million yuan, accounting for 67.27% of total revenue [2] - The company expects a net profit of 70 million to 105 million yuan for the year, a significant recovery from a loss of 1.36 billion yuan in the previous year [2][3] - The basic earnings per share are projected to be between 0.14 yuan and 0.21 yuan, compared to a loss of 2.71 yuan per share in the previous year [3] Market Dynamics - The demand for lithium hexafluorophosphate has surged due to the rapid growth in the new energy vehicle and energy storage markets, leading to a price increase from a low of 47,000 yuan per ton to a peak of 180,000 yuan per ton, marking a maximum increase of 283% [5] - As of mid-January 2026, the market price stabilized between 153,000 yuan and 160,000 yuan per ton, reflecting an increase of over 220% since July 2025 [5] Stock Performance - The company's stock price rose significantly, closing at 46.43 yuan per share at the end of 2025, nearly a sevenfold increase from a low of 6.09 yuan per share during the year [6] - As of January 15, 2026, the stock price was reported at 45.15 yuan per share, with a market capitalization of 22.64 billion yuan [6]

Group 1: Performance Forecast - The company expects to turn a profit in 2025, with the performance forecast period from January 1, 2025, to December 31, 2025 [2] - The company has communicated with its auditing firm regarding the performance forecast, and there are no significant disagreements noted [2] Group 2: Reasons for Performance Changes - The rapid growth in demand for the new energy vehicle and energy storage markets has led to an increase in the sales price of lithium hexafluorophosphate, contributing to the company's recovery in profitability [3] - The subsidiary, Changshu Xinte Chemical Co., has also seen improved market conditions for sodium hypophosphite, which has positively impacted the overall performance of the company [3] - Despite the recovery in profitability, the subsidiary did not meet its performance targets for 2025, leading to a compensation obligation from the original shareholders, which will be recorded as non-recurring gains and losses [3] Group 3: Regulatory Actions - The company received a decision from the Guangdong Securities Regulatory Bureau regarding non-compliance in goodwill impairment testing and inaccurate financial accounting practices [7][12] - Specific violations include inadequate basis for sales growth rate predictions and improper accounting for employee compensation, which led to inaccurate financial disclosures [8][9] - The company and its executives are required to implement corrective measures and report back to the regulatory authorities within 30 days [11][14]

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].

Core Viewpoint - Several companies are expected to turn losses into profits in 2025, driven by improved market conditions and strategic initiatives. Group 1: Companies Expected to Turn Profits - Dongli New Science forecasts a net profit of 2.752 billion to 2.852 billion yuan for 2025, recovering from a loss of 843 million to 643 million yuan in the previous year [2] - Tianji Co. anticipates a net profit of 70 million to 105 million yuan in 2025, compared to a loss of 1.361 billion yuan in the previous year [2] - Haowu Co. expects a net profit of 42 million to 54 million yuan for 2025, recovering from a loss of 20.057 million yuan [4] - Xue Rong Bio predicts a net profit of 29 million to 40 million yuan in 2025, recovering from a loss of 617 million yuan [4] - Beisi Mei forecasts a net profit of 23.68 million to 34.06 million yuan for 2025, compared to a loss of 32.8646 million yuan [5] Group 2: Significant Corporate Changes - Tian Sheng New Materials plans to change its controlling shareholder and actual controller, with shares being transferred at 6.39 yuan per share [6][7] - Zhizhi New Materials and *ST Chengchang have completed their verification work and will resume trading on January 16, 2026 [8] Group 3: Performance Forecasts - SAIC Group expects a net profit of 9 billion to 11 billion yuan for 2025, an increase of 7.3 billion to 9.3 billion yuan from the previous year, representing a growth of 438% to 558% [10] - Sanmei Co. anticipates a net profit of 1.9903846 billion to 2.1496154 billion yuan for 2025, an increase of 1.2118480 billion to 1.3710788 billion yuan, reflecting a growth of 155.66% to 176.11% [10] - Futek Technology expects a net profit of 210 million to 250 million yuan for 2025, a growth of 121.98% to 164.26% [11] - Zhenyu Technology forecasts a net profit of 500 million to 550 million yuan for 2025, an increase of 96.89% to 116.58% [11] - Jinwo Co. expects a net profit of 46 million to 52 million yuan for 2025, a growth of 76% to 98.96% [12]

Core Viewpoint - The company Tianji Co., Ltd. (002759.SZ) forecasts a net profit of 70 million to 105 million yuan for the year 2025, marking a turnaround from losses in the previous year due to the rapid growth in demand for the new energy vehicle and energy storage markets [1] Group 1: Financial Performance - The company expects to achieve profitability in 2025, with a significant recovery in its profit margins in the fourth quarter, primarily driven by an increase in the sales price of lithium hexafluorophosphate [1] - The subsidiary Changshu Xinte Chemical Co., Ltd. (referred to as "Xinte Chemical") has also seen an improvement in the market conditions for its main product, sodium hypophosphite, leading to increased sales prices and gross margins, contributing positively to the overall performance of the company [1] Group 2: Challenges and Obligations - Despite the recovery in profitability for Xinte Chemical in the fourth quarter of 2025, it has not met its performance targets for the year, which will require the original shareholders to compensate the company for the shortfall as per the performance commitment and acquisition agreement [1] - The company plans to recognize a portion of goodwill impairment based on preliminary assessments, adhering to a cautious principle [1]

2025年股价涨幅近430%的天际股份（SZ002759，股价45.15元，市值226.4亿元），在1月15日晚间发布 2025年度业绩预告：预计2025年归母净利润7000万~1.05亿元，上年同期亏损约13.61亿元；预计2025年 扣非净利润为6000万~9000万元，上年同期亏损约13.73亿元。 同时，天际股份子公司常熟新特化工有限公司（下称新特化工）的主要产品次磷酸钠的市场行情亦在 2025年第四季度好转——销售价格上升、毛利率提高，结束了该主要产品亏损的局面，对公司整体业绩 亦有重要贡献。 虽然新特化工2025年第四季度盈利能力有所恢复，但仍未完成2025 年业绩目标，根据新特化工的业绩 承诺及收购协议，新特化工原股东应补偿上市公司相应差额，补偿金额计入非经常性损益。同时，公司 从谨慎性原则出发，经初步测试需计提部分商誉减值。 据Wind金融终端，"六氟磷酸锂指数"在2025年4月上旬见底后，开启了一波大行情。2025年4月9日至11 月17日，该指数在7个月时间内累计上涨167.2%。 | 项目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市公司股东 的 ...

| | | 1月15日重要公告摘要 | | --- | --- | --- | | 类型 | 公司 | 主要内容 | | 今日聚焦 | 志特新材 | 业务不涉及AI应用等领域 股票明日开市起复牌 | | | 利欧股份 | 2025年12月31日至2026年1月15日连续10个交易日收盘价涨幅偏离值达 股票明起停牌核查 | | | 天际股份 | 预计2025年净利润7000万元 - 1. 05亿元同比扭亏 | | | 洛阳辑业 | 预计2025年净利润同比增加48%-54% | | 投资&签约 | 德福科技 | 拟收购琥珀新材26. 32%股权 | | 股权变动 | 天泉新材 | 实控人拟变更为尉立东 股票复牌 | | 增减持&回购 | 立讯精密 | 拟10亿元-20亿元回购股份 | | 经营&业绩 | 昆仑万维 | 预计2025年净利润亏损 | | | 牧原股份 | 2025年净利同比预降12. 20%-17. 79% | | 合同&项目中标 | 翰宇药业 | 签订1.8亿元GLP-1原料药销售订单 订单金额占2024年经审计营业收入 30. 50% | | 融资定增 | 中创智领 | 拟发行可转债募资不超4 ...

2025年股价涨幅高达429.42%的锂电大牛股天际股份，1月15日晚发布扭亏为盈的业绩预告，同时"登 场"的还有监管的警示函。 2026年1月15日晚，天际股份发布2025年度业绩预告，预计实现归属于上市公司股东的净利润为7000万 元至1.05亿元，上年同期亏损13.61亿元，实现扭亏为盈。 三是公司2023年9月至2025年8月向非关联方提供的财务资助未接规定履行相关审议程序和信息披露义 务。 决定书和监管函显示，经查，天际股份存在以下违规行为： 一是2023年度对子公司江苏新泰材料科技有限公司、2024年度对子公司常熟市誉翔贸易有限公司的商誉 减值测试不规范。 二是公司及子公司常熟新特化工有限公司2023年9月至2024年12月未恰当计提销售人员及管理人员薪 酬。 天际股份当天同时公告，公司收到中国证监会广东监管局（以下简称"广东证监局"）《关于对天际新能 源科技股份有限公司采取责令改正措施并对吴锡盾、杨志轩、郑文龙采取出具警示函措施的决定》（以 下简称"决定书"）和深圳证券交易所出具的《关于对天际新能源科技股份有限公司、吴锡盾、杨志轩、 郑文龙的监管函》（以下简称"监管函"）。 广东证监局决定对天际 ...

格隆汇1月15日丨天际股份(002759.SZ)公布，预计2025年归属于上市公司股东的净利润7,000万元– 10,500万元，同比扭亏为盈，扣除非经常性损益后的净利润6,000万元–9,000万元，同比扭亏为盈。由于 新能源汽车市场和储能市场需求快速增长，公司主要产品六氟磷酸锂在2025年第四季度销售价格上涨， 公司盈利能力恢复，第四季度实现利润并一举弥补前三季度亏损，实现全年扭亏为盈。同时公司秉持契 约精神，依约执行部分长协低价订单，一定程度上影响了公司盈利水平。公司子公司常熟新特化工有限 公司（以下简称"新特化工"）的主要产品次磷酸钠的市场行情亦在2025年第四季度好转，销售价格上 升，毛利率提高，结束了该主要产品亏损的局面，对公司整体业绩亦有重要贡献。虽然新特化工2025年 第四季度盈利能力有所恢复，但仍未完成2025年业绩目标，根据新特化工的业绩承诺及收购协议，新特 化工原股东应补偿公司相应差额，补偿金额计入非经常性损益。同时，公司从谨慎性原则出发，经初步 测试需计提部分商誉减值。 ...