Core Viewpoint - The strong market demand for electrolyte products has led to Tianqi Materials securing long-term supply agreements with major battery manufacturers, indicating a positive outlook for the company's future performance [1][2]. Group 1: Supply Agreements - Tianqi Materials and its subsidiary, Jiujiang Tianqi, have signed long-term supply agreements with Zhongxin Innovation and Guoxuan High-Tech, with a total supply volume expected to reach 1.595 million tons from 2026 to 2028 [1]. - The agreements specify that Tianqi Materials will supply 725,000 tons of electrolyte products to Zhongxin Innovation, while Jiujiang Tianqi will supply 870,000 tons to Guoxuan High-Tech [1]. - The company emphasizes that these agreements will foster a close supply-demand relationship within the industry, benefiting long-term development [1]. Group 2: Market Position and Production Capacity - Tianqi Materials has maintained its leading position in the electrolyte market, holding approximately 35.7% of the global market share as of 2024, and has been the top global supplier for nine consecutive years since 2016 [2]. - The company is projected to have an electrolyte production capacity of about 860,000 tons by May 2025, with a sales target of 500,000 tons for 2024 [2]. Group 3: Raw Material Pricing and Production Strategy - The price of lithium hexafluorophosphate, a key raw material for electrolytes, has surged to over 110,000 yuan per ton, reflecting a nearly 90% increase since the end of September [4]. - Tianqi Materials has achieved self-sufficiency in lithium hexafluorophosphate production, with a capacity of approximately 110,000 tons and is exploring capacity enhancement through technical upgrades [4]. - The company has reported a revenue of 10.843 billion yuan for the first three quarters of the year, a year-on-year increase of 22.34%, and a net profit of 420 million yuan, up 24.33% [4].

智通财经APP讯，天赐材料(002709.SZ)公告，公司全资子公司九江天赐高新材料有限公司(简称"九江天 赐")与合肥国轩高科动力能源有限公司(简称"国轩高科")签订了《年度采购合同》。协议约定，国轩高 科2026-2028年度向九江天赐采购预计总量为87万吨的电解液产品。 ...

Core Viewpoint - The company has signed a supply framework agreement with Zhongchuang Xinhang Technology Group Co., Ltd. to supply a total of 725,000 tons of electrolyte products from 2026 to 2028 [1] Group 1 - The agreement is specifically for the years 2026 to 2028 [1] - The total expected supply volume is 725,000 tons [1]

Core Viewpoint - Tianqi Materials (002709) has signed annual procurement contracts with Guoxuan High-Tech (002074) and Zhongchuang Xinhang Technology Group for the supply of electrolyte products from 2026 to 2028, indicating strong demand in the battery materials sector [1] Group 1: Contracts and Agreements - Tianqi Materials' subsidiary, Jiujiang Tianqi, will supply an estimated total of 870,000 tons of electrolyte products to Guoxuan High-Tech from 2026 to 2028 [1] - The company has also signed a supply framework agreement with Zhongchuang Xinhang, committing to provide an estimated total of 725,000 tons of electrolyte products during the same period [1]

Core Viewpoint - The company has signed a supply framework agreement with Zhongchuang Xinhang Technology Group Co., Ltd. for the years 2026-2028, committing to supply a total of 725,000 tons of electrolyte products [1] Group 1 - The agreement specifies that the exact procurement volume, unit price, specifications, and delivery time will be determined by mutually confirmed purchase orders [1]

天赐材料（002709） | 证券代码：002709 | 证券简称：天赐材料 | 公告编号：2025-113 | | --- | --- | --- | | 转债代码：127073 | 转债简称：天赐转债 | | 广州天赐高新材料股份有限公司 关于与国轩高科签订年度采购合同的公告 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： 一、协议签订情况概况 2025 年 11 月 6 日，广州天赐高新材料股份有限公司（以下简称"公司"） 全资子公司九江天赐高新材料有限公司（以下简称"九江天赐"）与合肥国轩高 科动力能源有限公司（以下简称"国轩高科"）签订了《年度采购合同》（以下简 称"协议"）。协议约定，国轩高科 2026-2028 年度向九江天赐采购预计总量为 87 万吨的电解液产品。具体采购量、采购单价、规格型号等以经双方确认的《采购 订单》为准。 根据《深圳证券交易所股票上市规则》和《公司章程》等有关规定，该事项 无需提交公司董事会、股东会审议。本次交易不构成关联交易，也不构成《上市 公司重大资产重组管理办法》规定的重大资产重组。 二、交易对方的基本 ...

天赐材料（002709） | 证券代码：002709 | 证券简称：天赐材料 | 公告编号：2025-114 | | --- | --- | --- | | 转债代码：127073 | 转债简称：天赐转债 | | 特别提示： 1、该协议为框架性协议，协议采购量为双方预测的需求量，实际以协议执 行情况为准，存在一定的不确定性； 广州天赐高新材料股份有限公司 关于与中创新航签订保供框架协议的公告 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。 2、在协议履行的过程中如遇行业政策、市场环境、经济等不可预计或不可 抗力等因素的影响，有可能存在协议无法如期或全部履行的风险； 3、最近三年披露的框架协议的后续进展情况详见公告正文。 一、协议签订情况概况 2025 年 11 月 6 日，广州天赐高新材料股份有限公司（以下简称"公司"） 与中创新航科技集团股份有限公司（以下简称"中创新航"）签订了《2026-2028 年保供框架协议》（以下简称"协议"）。协议约定，公司承诺 2026-2028 年度向中 创新航供应预计总量为 72.5 万吨的电解液产品。具体采购量、单价、规格 ...

Core Viewpoint - Tianqi Materials announced a procurement contract with Guoxuan High-Tech for the supply of electrolyte products from 2026 to 2028, which is expected to positively impact the company's performance during this period, although the fulfillment of the contract carries uncertainties [1] Group 1 - Tianqi Materials' wholly-owned subsidiary, Jiujiang Tianqi, signed an annual procurement contract with Guoxuan High-Tech on November 6, 2025 [1] - The total expected procurement volume from Guoxuan High-Tech to Jiujiang Tianqi for the years 2026 to 2028 is a certain amount of ten thousand tons of electrolyte products, with specifics to be determined by procurement orders [1] - The agreement does not require review and does not constitute a related party transaction or a major asset restructuring [1] Group 2 - If the contract is fully executed, it will have a positive impact on the company's performance for the years 2026 to 2028, but the outcome of the execution remains uncertain [1] - The company has reported that other framework agreements over the past three years have been operating normally, and there have been no changes in shareholding among relevant parties in the past three months, with no plans for share reduction [1]

Group 1 - The battery ETF (561910) has seen a rise of 1.14% as of November 6, with significant gains from constituent stocks such as Keda, Funeng Technology, and others [1] - The ETF has attracted over 60 million in net inflows over the past two days, indicating strong investor interest [1] - China's new energy storage capacity is projected to exceed 100 million kilowatts by September 2025, reflecting rapid growth and technological advancements in the sector [1] Group 2 - The European large-scale energy storage market is experiencing accelerated growth, with project returns increasing to 10%-15% due to frequent negative electricity prices [2] - By 2030, Europe is expected to add 165 GWh of new storage capacity, with a compound annual growth rate of 40% from 2024 to 2030, representing a market opportunity of 170 billion [2] - The U.S. energy storage capacity is forecasted to reach 76 GWh by 2026, with a year-on-year increase of nearly 44%, driven by data center contributions [2] Group 3 - Companies like Sungrow and Keda are actively expanding their presence in the AI Data Center (AIDC) industry chain [3] - The battery ETF (561910) tracks the CSI Battery Index, covering the entire industry chain from materials to equipment recycling, with top constituents including Ningde Times and Yiwei Lithium Energy [4] Group 4 - Keda has announced that the rapid development of AI technology has increased the demand for computing power, leading to growth in its data center segment [5] - Sungrow has established a dedicated AIDC division to enhance its strategic positioning, aiming to transition from a "device supplier" to an "energy system service provider" [5]

Core Insights - The battery theme index in China has shown a slight increase of 0.14% as of November 6, 2025, with notable gains from companies like Keda and Aters, indicating a positive trend in the battery sector [1][4] - The battery ETF managed by Jiashi has a current scale of 1.409 billion yuan, reflecting a robust trading volume and a net value increase of 3.80% over the past three years [4] - The solid-state battery technology is emerging as a significant development direction, with advancements in technology and commercial orders expected to drive growth in various applications [4] Market Performance - The top ten weighted stocks in the battery theme index account for 56.8% of the index, with major players including Sunshine Power and CATL [4] - The performance of individual stocks varies, with CATL showing a 1.11% increase, while others like EVE Energy and Tianqi Lithium experienced declines [6] - The Jiashi battery ETF has recorded a maximum monthly return of 39.76% since its inception, highlighting its potential for high returns [4] Industry Outlook - The energy transition and domestic energy storage policies are expected to drive a new cycle of lithium battery demand from 2025 to 2027, with a projected 50% growth in energy storage demand by 2026 [4] - The industry is witnessing continuous progress in solid-state battery technology, which is anticipated to play a crucial role in future applications such as humanoid robots and eVTOLs [4]