The main contents of this survey are:
Q: The price of lithium carbonate, the upstream raw material of lithium batteries, has been rising recently. What does the company think? Can the rising costs be smoothly passed on to the products?
A: The recent increase in raw material prices is mainly due to the tight supply-demand relationship caused by the sharp increase in the shipment of power lithium batteries. We expect that the shortage of some raw materials will continue next year, but in the long run, the shortage of supply will be short-lived, and the relationship between supply and demand will be eased after the new production capacity of the industry is put into use one after another. At present, the transmission of rising costs is relatively smooth.
Q: Does the company have a reserve or layout on lithium carbonate?
A: At present, the company owns shares in some lithium carbonate producers and suppliers, such as Rong Hui Lithium Industry and Jiangxi Yunli Lithium Industry. The lithium battery recycling business announced this year will also provide a certain amount of lithium carbonate next year, which will save some of the cost of lithium carbonate. In addition, the company will actively maintain good communication and interaction with upstream suppliers to ensure the continuous supply of raw materials.
Q: More and more new players are entering the electrolyte. What does the company think of this model?
A: The high prosperity of the industry will naturally attract new players. The company believes that only competition can make progress. Through self-produced core key raw materials of main products, including current mainstream lithium salts, additives, new lithium salts, etc. Constantly innovate and improve production technology, equipment and technology, and build a circular industrial chain system. The company has gained obvious competitive advantages in terms of cost and market share, and we are confident enough to meet the next challenges.
Q: What do you think of semi-solid and solid-state batteries that have been frequently screened recently? What is the company's current R&D progress?
A: In the process of rapid development of the industry, the emergence of new technologies is inevitable. Semi-solid batteries mentioned in the market still need electrolyte, which is not essentially different from traditional liquid batteries. The company continues to invest in research and development of new products, while retaining relevant intellectual property rights. At present, there are some research and development achievements and patent layouts of new electrolytes.
Q: How is the company's new expansion project going this year?
A: At present, most projects are progressing smoothly. Among them, Yichang's annual output of 300,000 tons of iron phosphate project has completed the preliminary filing/environmental assessment and other related safety and environmental protection work, and the first phase of construction is currently under way.
Q: How is the company's annual output of 60,000 tons of liquid lithium hexafluorophosphate progressing?
A: On October 6th, 2026, the company disclosed the Announcement on the Progress of Annual Production 15438+065438 Project. The project's annual output of 60,000 tons of liquid lithium hexafluorophosphate has entered the stage of capacity climbing, and it is progressing smoothly at present.
Q: What is the LiFSI capacity layout of the company? Future competition pattern?
A: At present, the company has an annual production capacity of 2,300 tons, and the annual production capacity of 4,000 tons of non-public offering investment projects in 2020 is progressing smoothly. Judging from the announcement of the expansion of the company's existing projects, the capacity planning for the next three years will exceed 60,000 tons. LiFSI, as an additive that can significantly improve the cycle and high temperature performance of batteries, has been gradually recognized by mainstream customers. As one of the leading enterprises in the industry, the company has mature LiFSI production technology and mass production technology.
Q: What is the layout of additives?
Tianci Materials' main business: research and development, production and sales of new fine chemical materials.
The quarterly report of Tianci Materials 202 1 3 shows that the company's main income is 6.623 billion yuan, up145.7% year-on-year; The net profit returned to the mother was 65.438+0.554 billion yuan, a year-on-year increase of 654.38+0.99.72%; Deducting non-net profit 15 1 100 million yuan, up192.84% year-on-year; In the third quarter of 2002/kloc-0, the company's main revenue in a single quarter was 2.924 billion yuan, up165.1%year-on-year; The net profit returned to the mother in a single quarter was 7.765438 billion yuan, a year-on-year increase of 273.0%; The non-net profit in a single quarter was 744 million yuan, up 26.313% year-on-year; The debt ratio is 37.74%, the investment income is-2,430,300 yuan, the financial expenses are 3/kloc-0,690,900 yuan, and the gross profit margin is 38.96%.
In the last 90 days, 18 institutions rated the stock, bought 16 institutions and increased the rating by 2 institutions; Average target price of institutions in recent 90 days181.83; In the past three months, the net inflow of financing was 269 million, and the balance of financing increased; The net outflow of securities lending was 369 million, and the balance of securities lending decreased. Securities star rating analysis tools show that Tianci Materials (002709) has a good company rating of 3.5 stars, a good price rating of 1.5 stars, and a comprehensive valuation rating of 2.5 stars. (Scoring range: 1 ~ 5 stars, with a maximum of 5 stars)