On December 12, Tianyi New Material announced that. Subject to 
financial data, as of September 30, 2025, both Tianqi Yiyang and Xinyiyang were insolvent .
By the end of September 2025, Tianqi Yiyang had total assets of RMB536.8505 million and total liabilities of RMB796.76 million, of which the revenue of the Company for the first nine months of 2025 was RMB50.5634 million and the net profit was RMB-3,790
. The total assets of Xinyiyang are 52548 RMB 0.9 million yuan, and the total liabilities are 53998. Among them, the company's revenue in September 2025 is RMB 91.8218 million yuan, Net profit -1419.
The announcement shows that the time for the project to reach its intended usable state has been extended to December 31 , 2026.
On the same day, Tianyi New Material also announced that Mr. Meng Li and Mr. Zhang Yanming had applied to resign as president and vice president of the company respectively for personal reasons .
浙公网安备33010802003254号