Group 1 - The company Tianyuan Co., Ltd. (002386) announced on September 18 that its lithium iron phosphate cathode material first-phase production line is expected to achieve mass supply by September 2024 [1] - The second-phase production line is currently in the process of customer introduction, indicating progress in expanding its market presence [1] - The company has successfully entered the supply chain system of mainstream battery manufacturers, enhancing its competitive position in the industry [1]

Core Viewpoint - Tianyuan Co., Ltd. (002386.SZ) has stated on its interactive platform that the company is currently not supplying lithium iron phosphate cathode materials to Saike Power [1] Company Summary - Tianyuan Co., Ltd. has clarified its current business relationship regarding the supply of lithium iron phosphate cathode materials [1]

Core Viewpoint - The company confirmed that its 480,000 tons of caustic soda project and titanium dioxide production facilities are operating normally, and it plans to expand its chloride titanium dioxide production capacity to 400,000 tons per year during the 14th Five-Year Plan period [2]. Group 1 - The company is currently operating its caustic soda and titanium dioxide production facilities normally [2]. - The company has a plan to establish a chloride titanium dioxide production capacity of 400,000 tons per year [2]. - The capacity expansion will be based on actual conditions [2].

Core Viewpoint - The company is not a shareholder in Yibin Tianyi Lithium Industry, which is a core supplier for CATL, and there is no current strategic cooperation beyond lithium salt supply [2] Group 1 - An investor inquired about the potential for deeper strategic cooperation between the company and CATL, particularly regarding the company's cathode materials projects [2] - The company clarified that its lithium iron phosphate cathode materials and its stake in Yibin Lithium Bao's ternary cathode materials are supplied to leading enterprises in the industry [2] - The market is seeking a clear signal to confirm that the cooperation between the company and CATL has progressed from a "subsidiary" level to a "listed company" level [2]

Group 1 - The company is currently in the trial production phase of its lithium iron phosphate project, with significant market interest in its production progress and customer certification status [2] - The first phase of the lithium iron phosphate cathode material production line is expected to achieve mass supply by September 2024, while the second phase is in the process of customer onboarding [2] - The company has successfully entered the supply chain of mainstream battery manufacturers and has begun bulk supply [2]

Core Viewpoint - Tianyuan Co., Ltd. has experienced a stock price decline of 2.05% on September 18, 2023, with a current price of 5.26 CNY per share and a total market capitalization of 6.847 billion CNY [1] Company Overview - Tianyuan Co., Ltd. is located in Yibin City, Sichuan Province, and was established on January 1, 1994, with its listing date on April 9, 2010 [2] - The company specializes in the production and sales of chlor-alkali chemical products, hydropower products, phosphate, coal, salt chemical products, and trade sales [2] - The revenue composition of Tianyuan Co., Ltd. includes: - Polystyrene products: 42.72% - Chlor-alkali products: 26.13% - Supply chain and others: 12.23% - Titanium chemical products: 12.17% - Polymer materials and cement: 4.17% - Lithium battery products: 1.76% - Electricity: 0.83% [2] Stock Performance - Year-to-date, Tianyuan Co., Ltd. has seen a stock price increase of 15.10%, with a recent decline of 1.68% over the last five trading days and a slight decrease of 0.19% over the last 20 days [2] - The stock has increased by 9.13% over the last 60 days [2] Financial Performance - For the first half of 2025, Tianyuan Co., Ltd. reported a revenue of 5.668 billion CNY, a year-on-year decrease of 14.12%, while the net profit attributable to shareholders was 16.6385 million CNY, reflecting a year-on-year increase of 48.65% [2] Shareholder Information - As of September 10, 2023, the number of shareholders of Tianyuan Co., Ltd. is 51,000, a decrease of 0.78% from the previous period, with an average of 25,517 circulating shares per person, an increase of 0.78% [2] - The company has distributed a total of 699 million CNY in dividends since its A-share listing, with 202 million CNY distributed over the last three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the eighth largest circulating shareholder of Tianyuan Co., Ltd., holding 10.2596 million shares, an increase of 815,300 shares from the previous period [3]

Group 1 - Tianyuan Co., Ltd. experienced a stock decline of 1.29% on September 17, with a trading volume of 98.28 million yuan [1] - The company had a financing buy-in amount of 11.16 million yuan and a financing repayment of 10.39 million yuan on the same day, resulting in a net financing buy of 0.78 million yuan [1] - As of September 17, the total financing and securities balance for Tianyuan Co., Ltd. was 386 million yuan, which accounts for 5.53% of its circulating market value [1] Group 2 - As of September 10, the number of shareholders for Tianyuan Co., Ltd. was 51,000, a decrease of 0.78% from the previous period [2] - The average circulating shares per person increased by 0.78% to 25,517 shares [2] - For the first half of 2025, the company reported a revenue of 5.668 billion yuan, a year-on-year decrease of 14.12%, while the net profit attributable to shareholders increased by 48.65% to 16.6385 million yuan [2] Group 3 - Since its A-share listing, Tianyuan Co., Ltd. has distributed a total of 699 million yuan in dividends, with 202 million yuan distributed in the last three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited was the eighth largest circulating shareholder, holding 10.2596 million shares, an increase of 815,300 shares from the previous period [3]

Market Overview - On September 15, the chemical raw materials sector declined by 0.16% compared to the previous trading day, with Zhenhua Co., Ltd. leading the decline [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Stock Performance - Notable gainers in the chemical raw materials sector included: - Longbai Group (002601) with a closing price of 19.62, up 5.09% and a trading volume of 667,300 shares, totaling 1.314 billion yuan [1] - ST Yatai (000691) with a closing price of 7.81, up 4.97% and a trading volume of 101,400 shares, totaling 79.1972 million yuan [1] - Jinhai Titanium Industry (000545) with a closing price of 3.69, up 4.53% and a trading volume of 1,184,600 shares, totaling 435 million yuan [1] - Major decliners included: - Zhenhua Co., Ltd. (603067) with a closing price of 17.90, down 4.33% and a trading volume of 180,800 shares, totaling 329 million yuan [2] - Sanyou Chemical (600409) with a closing price of 5.78, down 3.02% and a trading volume of 368,900 shares, totaling 216 million yuan [2] - Jinniu Chemical (600722) with a closing price of 7.09, down 2.88% and a trading volume of 319,900 shares, totaling 228 million yuan [2] Capital Flow - The chemical raw materials sector experienced a net outflow of 398 million yuan from institutional investors, while retail investors saw a net inflow of 239 million yuan [2][3] - Notable capital flows included: - Huayi Group (600623) with a net inflow of 26.8479 million yuan from institutional investors [3] - Tianyuan Co., Ltd. (002386) with a net inflow of 25.0141 million yuan from institutional investors [3] - Xue Tian Salt Industry (600929) with a net inflow of 21.3913 million yuan from institutional investors [3]

Group 1 - The core point of the announcement is the completion of the transfer of 1.1% equity (14,326,647 shares) from Sichuan Yuanling Industrial Investment Group Co., Ltd. to its parent company, Sichuan Gangrong Investment Development Group Co., Ltd. This transfer is classified as a non-compensatory transfer of state-owned equity [1][2] - The transfer was approved by the relevant authorities and the registration of the equity transfer was completed on September 11, 2025 [2] - Following the transfer, Yuanling Investment no longer holds any shares in the company, while Gangrong Group directly holds 1.1% of the company's equity [2] Group 2 - The transfer of shares will not result in any changes to the company's controlling shareholder or actual controller, and it will not impact the company's ongoing operations [2]

Group 1: Company Overview and Production Capacity - Yunnan Tianyuan Company has approximately 750 employees and produces calcium carbide, anthracite, and carbon anode materials, with an annual production capacity of 350,000 tons of calcium carbide and a 50,000 tons/year carbon electrode project in operation [1] - The company plans to produce 440,000 tons of caustic soda, 400,000 tons of PVC, 100,000 tons of chlorinated titanium dioxide, 64,000 tons of lithium iron phosphate, 30,000 tons of hydrazine hydrate, 837,000 tons of cement, and 29,700 tons of new material pipelines in 2025 [9] Group 2: Product Pricing and Market Conditions - The price of calcium carbide has decreased compared to the beginning of the year [1] - The company does not produce high-purity graphite, and there has been no price increase for hydrazine hydrate [2] Group 3: Business Collaborations and Future Plans - Yibin New Industry Investment Group participated in the company's 2023 private placement to support its development [2] - The company is advancing its two-year foundational plan and aims to complete capital investments as scheduled by the end of the year [2] - The company is focused on becoming a leading enterprise in the production and research of anode materials and related products, with a vision to create new power through technology [2] Group 4: Financial Performance and Market Strategy - The company is addressing declining profits by enhancing operational efficiency through precise management, "extreme manufacturing" projects, and optimizing marketing strategies [5] - The company is actively communicating with investors to convey its development strategy and enhance market confidence [7] Group 5: New Energy and Technological Development - The company is engaged in the development of lithium battery materials and aims to maintain stable growth in this sector despite market challenges [6] - The company is focusing on research and development of solid-state battery materials and has plans for future production [6] Group 6: Shareholder Engagement and Market Perception - The company has a shareholder return plan and has completed a share buyback as part of its market value enhancement efforts [7] - As of September 10, 2025, the company had approximately 51,000 shareholders [10]