Tiansheng New Materials: As of September 30, 2025, the owner's equity attributable to the shareholders of the listed company is negative.

Tiansheng New Materials disclosed that as of September 30, 2025, the owner's equity attributable to shareholders of the listed company was -30.62 million yuan. From the beginning of 2025 to the end of the third quarter reporting period, the net profit attributable to shareholders of the listed company was -83.11 million yuan. If the audited owner's equity attributable to shareholders of the listed company remains negative as of December 31, 2025, the company's stock will be subject to a "delisting risk warning."