Losses exceed 3.7 billion in a row! Lost the lawsuit again! A photovoltaic enterprise in Beijing can't hold up!

On March 2, Tianyi New Material issued several announcements in succession, covering the 2025 annual performance report, the results of the selection of investors in the pre-restructuring industry, and the progress of litigation related to the company and its wholly-owned subsidiaries.

Among them , the 2025 annual performance report shows that many core financial indicators of Tianyi New Material have declined sharply. During the

reporting period, the company achieved a revenue 68305 of 0.58 million yuan in 2025, down 10.48% from the same period last year; The net profit loss returned to the mother is 220628 0.23 million yuan . Year-ago loss 149533.

By the end of 2025, the total assets of the Company will be 393459 RMB 0.03 million." Down 39.09% from the beginning of the period; The owner's equity attributable to the parent company was 0.61 million yuan in 145677, down 60% from the beginning of the period.

" In addition, due to the poor liquidity and limited solvency of Tianyi New Material, the shortage of funds has become the main contradiction of the company at this stage. It should be noted that Tianyi New Material is currently in the pre-restructuring stage.

According to the latest progress announcement, the selection of investors in the pre-restructuring industry of the Company has been completed .

The announcement shows that Beijing Ziguang Communications Technology Group Co., Ltd. and Quanxun Convergence Network Technology (Beijing) Co., Ltd. Taizhou Hengchuan New Energy Material Technology Co., Ltd. is an alternative industrial investor for the company's pre-restructuring.

In addition to the above events, Tianyi New Material also disclosed the progress of litigation related to the company and its wholly-owned subsidiaries on the same day.

The announcement shows that on January 10, 2026, Tianyi New Material and its wholly-owned subsidiary Tianli Xintao received relevant materials such as summons served by the court, Notice of Response and Civil Complaint. Bangyin Finance filed a lawsuit against the court for disputes over financial leasing contracts and applied to the court for property preservation before litigation.

ruled that the Defendant Tianli Xintao should pay the Plaintiff the rent and the purchase price of approximately 360 At the same time , pay liquidated damages and attorney fees of 60,000 yuan ; Tianyi New Material and Wu Peifang, the chairman of the company, are jointly and severally liable for the debts determined above, and have the right to recover from Tianli Xintao after assuming the guarantee liability.

In addition, the judgment made it clear that the plaintiff Bangyin Finance had the right to give priority to the above-mentioned creditor's rights in the proceeds from the auction and sale of the leased property under the Financial Leasing Contract. In terms of

fees, the case acceptance fee is reduced by half to 13. Among them, Bangyin Finance has to bear 29900 yuan of litigation fees, and the remaining 10.

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