股票代码：002466 股票简称：天齐锂业 公告编号：2025-051 天齐锂业股份有限公司 关于部分回购股份注销完成暨股份变动公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、天齐锂业股份有限公司（以下简称"公司"）本次注销的部分回购股份数量为 26,600 股，占注销前总股本的 0.0016%，实际回购注销金额为 2,987,925.71 元（不含交易费用）。 本次注销完成后，公司总股本将由 1,641,221,583 股减少至 1,641,194,983 股。 2、经中国证券登记结算有限责任公司深圳分公司（以下简称"中国结算"）审核确 认，公司本次部分回购股份注销事宜已于 2025 年 10 月 22 日办理完成。 《中国证券报》《上海证券报》《经济参考报》及巨潮资讯网（http://www.cninfo.com.cn） 披露的《关于2024年A股限制性股票激励计划首批授予登记完成的公告》（公告编号： 2025-024）。 公司分别于2025年8月29日、2025年9月22日召开第六届董事会第二十五次会议、第 六届监事会第十五次会议和 ...

Core Viewpoint - Tianqi Lithium Industries (002466) reported on October 24 that as of October 20, 2025, the number of A-share shareholders is 306,044, with 2,835 of them being institutional shareholders [1] Group 1 - The total number of A-share shareholders is 306,044 [1] - The number of institutional shareholders among A-share shareholders is 2,835 [1]

Market Overview - On October 24, the energy metals sector rose by 0.89%, with Yongxing Materials leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Individual Stock Performance - Yongxing Materials (002756) closed at 40.48, with a gain of 4.12% and a trading volume of 232,800 shares, totaling a transaction value of 946 million [1] - BQX New Materials (605376) closed at 56.29, up 3.93%, with a trading volume of 62,700 shares and a transaction value of 351 million [1] - Rongjie Co., Ltd. (002192) closed at 43.58, gaining 3.71%, with a trading volume of 261,000 shares and a transaction value of 1.15 billion [1] - Other notable performers include Tengyuan Diamond (301219) up 2.10%, and Tianqi Lithium (002466) up 1.25% [1] Fund Flow Analysis - The energy metals sector experienced a net outflow of 651 million from institutional investors, while retail investors saw a net inflow of 572 million [2] - The main fund inflows and outflows for specific stocks include: - Tianqi Lithium (002466) had a net outflow of 50.27 million from institutional investors but a net inflow of 69.73 million from retail investors [3] - Yongxing Materials (002756) saw a net inflow of 44.79 million from institutional investors and a net outflow of 56.14 million from retail investors [3] - Rongjie Co., Ltd. (002192) had a significant net outflow of 81.34 million from institutional investors but a net inflow of 84.83 million from retail investors [3]

Report Industry Investment Rating No information provided. Core View of the Report The current lithium carbonate futures price is strongly supported by the demand side. The surge in orders in the power and energy storage sectors drives the spot price to rise steadily. Coupled with the accelerated inventory depletion, the market's expectation of supply tightness continues to heat up. Although lithium salt production capacity is gradually being released, the ramp - up period of newly launched projects is long, and the lithium ore price has not risen, so the cost side does not form a drag. The market's long - term expectation has changed marginally again due to the news that Jianxiaowo may not resume production in November. The price is expected to maintain a relatively strong oscillation in the future [1][2][3]. Summary by Relevant Catalogs 1. Daily Market Summary - **Carbonate Lithium Futures Market Data Changes**: On October 23, the price of the main lithium carbonate futures contract rose significantly to 79,940 yuan/ton, with a daily increase of 3.66%. The basis weakened to - 5,140 yuan/ton, and the futures premium widened. The open interest of the main contract increased by 18.66% to 419,000 lots, and the trading volume increased by 30.41% to 491,000 lots [1]. - **Supply - demand and Inventory Changes in the Industrial Chain**: On the supply side, the capacity utilization rate of lithium salt plants increased to 74.39%, new production lines of spodumene and salt lakes continued to release production capacity, but the price of spodumene concentrate remained at 6,685 yuan/ton, with limited cost - side support. Tianqi Lithium's 30,000 - ton lithium hydroxide project in Zhangjiagang was put into production, but it had little impact on the diversion of lithium carbonate supply in the short term. On the demand side, the demand for power batteries increased explosively. From October 1 - 19, the retail penetration rate of new energy vehicles reached 56.1%. The price of lithium iron phosphate battery cells rose to 0.338 yuan/Wh, and the price of ternary materials exceeded 136,500 yuan/ton. The energy storage market also expanded. Leading enterprises such as CATL were operating at full capacity and accelerating expansion. The prices of auxiliary materials such as electrolyte and lithium hexafluorophosphate rose due to cost - push. Lithium carbonate inventory decreased for two consecutive weeks, dropping to 132,700 tons on October 17, with a faster - than - expected destocking speed [2]. - **Market Summary**: The current lithium carbonate futures price is mainly supported by the demand side. The surge in orders in the power and energy storage fields drives the spot price to rise steadily. Coupled with the accelerated inventory depletion, the market's expectation of supply tightness continues to increase. Although lithium salt production capacity is gradually being released, the ramp - up period of newly launched projects is long, and the lithium ore price has not risen, so the cost side does not form a drag. The market's long - term expectation has changed again due to the news that Jianxiaowo may not resume production in November [3]. 2. Industrial Chain Price Monitoring - On October 23, the main lithium carbonate futures contract price was 79,940 yuan/ton, up 3.66% from the previous day. The basis was - 5,140 yuan/ton, down 54.82% from the previous day. The open interest of the main contract was 419,147 lots, up 18.66%, and the trading volume was 490,920 lots, up 30.41%. The market price of battery - grade lithium carbonate was 74,800 yuan/ton, up 1.36%. The market price of spodumene concentrate was 6,685 yuan/ton, unchanged. The market price of lithium mica concentrate was 3,400 yuan/ton, unchanged. The price of lithium hexafluorophosphate was 90,500 yuan/ton, up 4.02%. The price of power - type ternary materials was 136,500 yuan/ton, up 0.15%. The price of power - type lithium iron phosphate was 34,395 yuan/ton, up 0.61% [5]. - From October 17 to October 10, the lithium carbonate capacity utilization rate increased from 71.31% to 74.39%, up 4.32%. The lithium carbonate inventory decreased from 134,801 tons to 132,658 tons, down 1.59%. The price of 523 cylindrical ternary battery cells was 4.50 yuan/piece, up 1.81%. The price of 523 square ternary battery cells was 0.49 yuan/Wh, up 24.49%. The price of 523 soft - pack ternary battery cells was 0.51 yuan/Wh, up 24.39%. The price of square lithium iron phosphate battery cells was 0.34 yuan/Wh, up 1.81%. The price of cobalt - acid lithium battery cells was 7.25 yuan/Ah, up 7.41% [5]. 3. Industry Dynamics and Interpretation - **Spot Market Quotations**: On October 23, the SMM battery - grade lithium carbonate index price was 74,821 yuan/ton, up 458 yuan/ton from the previous day. The battery - grade lithium carbonate was priced at 74,000 - 75,600 yuan/ton, with an average price of 74,800 yuan/ton, up 450 yuan/ton. The industrial - grade lithium carbonate was priced at 71,950 - 73,150 yuan/ton, with an average price of 72,550 yuan/ton, up 450 yuan/ton. The lithium carbonate futures price continued to fluctuate, and the center of the main contract shifted up to the range of 77,000 - 80,000 yuan/ton. Currently, the operating rate of downstream material factories continues to rise, and demand supports spot transactions. On the supply side, new production lines have been launched at both the spodumene and salt - lake ends, and the total lithium carbonate output in October is expected to have growth potential. On the demand side, both the commercial and passenger new energy vehicles in the power market are growing rapidly, and the energy storage market has strong supply and demand. Overall, although the supply in October is growing steadily, the strong demand in the power and energy storage fields will drive the market into a stage of significant inventory depletion, and a temporary supply - tight situation is expected to form [6]. - **Downstream Consumption Situation**: According to the data of the Passenger Car Association, from October 1 - 19, the retail sales of new energy vehicles in the national passenger car market were 632,000 units, a year - on - year increase of 5% compared with the same period in October last year and a 2% increase compared with the same period last month. The retail penetration rate of new energy vehicles in the national passenger car market was 56.1%, and the cumulative retail sales this year were 9.502 million units, a year - on - year increase of 23%. From October 1 - 19, the wholesale volume of new energy vehicles by national passenger car manufacturers was 676,000 units, a year - on - year increase of 6% compared with the same period in October last year and a 5% increase compared with the same period last month. The wholesale penetration rate of new energy vehicles by national passenger car manufacturers was 58.5%, and the cumulative wholesale volume this year was 11.123 million units, a year - on - year increase of 30% [7]. - **Industry News**: On October 20, Tianqi Lithium announced that after repeated debugging and optimization, the first bag of battery - grade lithium hydroxide products from its 30,000 - ton lithium hydroxide project in Zhangjiagang, Jiangsu, passed the sampling inspection of the company's internal laboratory, and all parameters were confirmed to meet the battery - grade lithium hydroxide standard. On October 16, the overall price of the echelon market remained stable. On the supply side, affected by the traditional sales peak season of "Golden September and Silver October", the output of battery cell factories increased, providing some support for the number of battery cells in the echelon recycling field. On the demand side, the acceptance of higher prices was low. However, on the cost side, due to the adjustment of the cobalt export policy in the Democratic Republic of the Congo, the price of cobalt salts rose significantly, driving up the prices of ternary cathode materials and new battery cells. Recently, the lithium salt price has remained relatively stable. Some enterprises, considering cost control, have gradually shifted their short - term purchasing targets to lithium iron phosphate battery cells. Also, the previous price increase has reached the psychological expectation of downstream enterprises, which together keep the echelon market price stable. On October 16, for quarterly orders or large - volume single orders, the actual settlement discount between precursor manufacturers and cathode material enterprises has been significantly increased [9][10]. 4. Industrial Chain Data Charts - The report provides data charts including the main lithium carbonate futures and basis, the prices of battery - grade and industrial - grade lithium carbonate, the price of lithium concentrate, the prices of lithium hexafluorophosphate and electrolyte, the price of ternary precursor, the price of ternary materials, the price of lithium iron phosphate, the lithium carbonate operating rate, the lithium carbonate inventory, and the battery cell selling price [11][14][15]

Core Viewpoint - Tianqi Lithium Industries has seen a stock price increase of 1.25% on October 24, reaching 48.61 CNY per share, with a total market capitalization of 79.78 billion CNY and a cumulative increase of 6.86% over the past four days [1] Company Overview - Tianqi Lithium Industries, established on October 16, 1995, and listed on August 31, 2010, is located in Chengdu, Sichuan Province. The company specializes in the production and sales of lithium concentrate products and lithium compounds and their derivatives [1] - The revenue composition of Tianqi Lithium includes 50.54% from lithium compounds and derivatives, 49.25% from lithium ore, and 0.21% from other sources [1] Shareholder Insights - The largest circulating shareholder of Tianqi Lithium is a fund under Huaxia Fund, specifically the Huaxia CSI 300 ETF (510330), which increased its holdings by 1.6045 million shares in Q2, now holding 9.626 million shares, representing 0.59% of circulating shares. The estimated floating profit today is approximately 5.7756 million CNY, with a total floating profit of 30.033 million CNY over the four-day increase [2] - The Huaxia CSI 300 ETF was established on December 25, 2012, with a current scale of 196.701 billion CNY. Year-to-date returns are 19.79%, ranking 2667 out of 4218 in its category, while the one-year return is 18.79%, ranking 2337 out of 3875 [2] Fund Performance - The fund manager of Huaxia CSI 300 ETF is Zhao Zongting, who has been in the position for 8 years and 193 days. The total asset scale of the fund is 305.809 billion CNY, with the best return during his tenure being 121.26% and the worst being -32.63% [3] Major Holdings - Another fund under Huaxia Fund, the Huaxia CSI New Energy Vehicle ETF (515030), has reduced its holdings in Tianqi Lithium by 237,800 shares in Q2, now holding 3.4638 million shares, which accounts for 2.62% of the fund's net value. The estimated floating profit today is about 2.0783 million CNY, with a total floating profit of 10.807 million CNY during the four-day increase [4] - The Huaxia CSI New Energy Vehicle ETF was established on February 20, 2020, with a current scale of 4.233 billion CNY. Year-to-date returns are 48.83%, ranking 444 out of 4218, while the one-year return is 47.56%, ranking 489 out of 3875 [4] Fund Manager Insights - The fund manager of Huaxia CSI New Energy Vehicle ETF is Li Jun, who has been in the role for 7 years and 320 days. The total asset scale of the fund is 52.675 billion CNY, with the best return during his tenure being 116.39% and the worst being -42.46% [5]

Group 1 - Tianqi Lithium Industries Inc. shares increased by 1.25% to 48.61 CNY per share, with a trading volume of 3.794 billion CNY and a turnover rate of 5.23%, resulting in a total market capitalization of 79.78 billion CNY [1] - The stock has risen for four consecutive days, with a cumulative increase of 6.86% during this period [1] - The company, established on October 16, 1995, specializes in the production and sales of lithium concentrate products and lithium compounds, with revenue composition of 50.54% from lithium compounds and derivatives, 49.25% from lithium ore, and 0.21% from other sources [1] Group 2 - According to data from the top ten holdings of funds, one fund under China Merchants Fund holds a significant position in Tianqi Lithium [2] - The fund, China Merchants CSI New Energy Vehicle Index A (013195), reduced its holdings by 25,000 shares in the second quarter, maintaining 321,700 shares, which accounts for 2.49% of the fund's net value, ranking as the tenth largest holding [2] - The fund has realized a floating profit of approximately 193,000 CNY today and a total of 1,003,700 CNY during the four-day increase [2] Group 3 - The fund manager of China Merchants CSI New Energy Vehicle Index A is Liu Zhongjie, who has been in the position for 7 years and 175 days [3] - The total asset size of the fund is 31.428 billion CNY, with the best fund return during Liu's tenure being 108.26% and the worst being -33.72% [3]

港股矿业板块集体拉升，天齐锂业涨超8%，北方矿业、赣锋锂业、洛阳钼业、五矿资源纷纷上扬。 ...

Group 1 - The core viewpoint of the news is that Hong Kong lithium mining stocks have collectively risen, with notable increases in several companies' stock prices [1] Group 2 - Tianqi Lithium Industries (096960) saw a rise of 5.85%, with a latest price of 47.080 and a total market capitalization of 77.269 billion, reflecting a year-to-date increase of 95.76% [2] - Zhongxin Innovation (03931) increased by 5.34%, with a latest price of 31.160 and a market cap of 55.225 billion, showing a year-to-date rise of 142.30% [2] - Ganfeng Lithium (01772) rose by 4.57%, with a latest price of 48.020 and a market cap of 98.786 billion, marking a year-to-date increase of 140.87% [2] - Contemporary Amperex Technology (03750) increased by 2.43%, with a latest price of 548.000 and a market cap of 2.5 trillion, reflecting a year-to-date rise of 109.24% [2] - BYD Electronics (00285) saw a rise of 1.86%, with a latest price of 38.260 and a market cap of 86.208 billion, but has a year-to-date decline of 7.65% [2] - Tianneng Power (00819) increased by 1.69%, with a latest price of 8.430 and a market cap of 9.493 billion, showing a year-to-date increase of 4.46% [2] - Aluminum Power (00951) rose by 0.71%, with a latest price of 1.420 and a market cap of 1.568 billion, reflecting a year-to-date decline of 1.18% [2] - BYD Company (01211) saw a slight increase of 0.48%, with a latest price of 104.400 and a market cap of 951.835 billion, marking a year-to-date increase of 19.42% [2]

Group 1 - The core material price of electrolyte continues to rise, with lithium hexafluorophosphate reaching 87,000 yuan per ton, a 51% increase over the past month [1] - Lithium carbonate futures have rebounded over 9% in the last six trading days [1] - The CSI New Energy Vehicle Industry Index (930997) has increased by 1.16%, with constituent stocks such as Yahua Group rising by 10.03% and Zhongmin Resources by 6.79% [1] Group 2 - As of September 30, 2025, the top ten weighted stocks in the CSI New Energy Vehicle Industry Index account for 54.61% of the index, including CATL, Huichuan Technology, and BYD [2] - The weightings of the top stocks include CATL at 9.80%, Huichuan Technology at 9.63%, and BYD at 9.10% [4]

港股锂矿、矿业板块集体拉升，天齐锂业涨超8%，北方矿业涨超6%，赣锋锂业涨超5%，洛阳钼业、五 矿资源纷纷上扬。 ...