On March 23, Tianyi New Material announced that part of the fund raised by the subsidiary company was deducted by the judiciary.
According to the announcement, Jiangyou Tianqi Yiyang New Material Technology Co., Ltd. (Hereinafter referred to as "Tianqi Yiyang") and Shangrao Jingcheng New Energy Equipment Manufacturing Co., Ltd. Recently, Tianqi Yiyang's special account for raising funds was deducted by the judiciary for about 259 yuan.
It is understood that Tianqi Yiyang had previously signed a sales contract with Jingcheng New Energy but failed to pay on time. Jingcheng New Energy sued Tianqi Yiyang to the court, and the two sides reached an agreement through mediation.
However, in the later period, Tianqi Yiyang still failed to fulfill its payment obligation according to the mediation letter, and Jingcheng New Energy applied to the court for enforcement. The court recently deducted about 259 yuan from its special account for raised funds compulsorily.
in March 2026. Tianyi New Material lost nearly 1.5 billion yuan in 2024, and the loss was close to the total profit of the company in the first eight years. After entering 2025, the company's performance has not improved, the data show that Tianyi New Material realized a net profit loss of about 2.206 billion yuan in 2025. Year-on-year decrease of 47.
As of the disclosure date of this announcement, the balance of all special accounts for raised funds of the company is 6000. Among them, the frozen amount of the special account for raised funds is 8.1605 million yuan , accounting for 13
% of the balance of the special account for raised funds. In December 2025, Tianyi New Material announced that it was suspended by ", and Tianyi New Material also issued a notice saying that. Due to personal reasons, Mr. Meng Li and Mr. Xi Yanming have applied to resign from the positions of president and vice president of the Company respectively.
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