Core Viewpoint - Tianqi Materials reported strong financial performance in Q3, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - In Q3, the company achieved operating revenue of 3.814 billion yuan, representing a year-on-year increase of 11.75% [1] - The net profit attributable to shareholders in Q3 was 153 million yuan, showing a year-on-year growth of 51.53% [1] - For the first three quarters, the company recorded total operating revenue of 10.843 billion yuan, up 22.34% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 421 million yuan, reflecting a year-on-year increase of 24.33% [1]

Group 1 - The company reported a revenue of 3.814 billion yuan for the third quarter of 2025, representing a year-on-year increase of 11.75% [1] - The net profit attributable to shareholders for the third quarter was 153 million yuan, showing a year-on-year growth of 51.53% [1] - For the first three quarters of 2025, the company achieved a total revenue of 10.843 billion yuan, which is a year-on-year increase of 22.34% [1] Group 2 - The net profit attributable to shareholders for the first three quarters was 421 million yuan, reflecting a year-on-year increase of 24.33% [1]

天赐材料（002709） | 证券代码：002709 | 证券简称：天赐材料 | 公告编号：2025-109 | | --- | --- | --- | | 转债代码：127073 | 转债简称：天赐转债 | | 表决结果：同意 9 票，反对 0 票，弃权 0 票。 《2025 年第三季度报告》与本决议同日在公司指定信息披露媒体巨潮资讯 网（http://www.cninfo.com.cn）公告。 广州天赐高新材料股份有限公司 第六届董事会第三十六次会议决议的公告 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。 2025 年 10 月 30 日，广州天赐高新材料股份有限公司（以下简称"公司"） 第六届董事会第三十六次会议以通讯方式召开。会议通知已于 2025 年 10 月 24 日送达各位董事及高级管理人员。应参加本次会议表决的董事 9 人，实际参加本 次会议表决的董事 9 人。本次会议的召集、召开程序均符合《中华人民共和国公 司法》和《公司章程》的规定。 本次董事会审议并通过了相关议案，形成决议如下： 审议通过了《关于审议 2025 年第三季度报告的议案》 ...

Financial Performance - The company's revenue for Q3 2025 reached ¥3,813,835,049.51, an increase of 11.75% compared to the same period last year[5] - Net profit attributable to shareholders was ¥152,716,704.55, reflecting a significant growth of 51.53% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥138,570,316.63, up 37.76% from the previous year[5] - Total operating revenue for the current period reached ¥10,842,565,159.38, an increase of 22.3% compared to ¥8,862,814,897.33 in the previous period[23] - Operating profit for the current period was ¥572,308,238.68, up from ¥491,347,200.32, reflecting a growth of 16.5%[24] - Net profit attributable to the parent company was ¥420,617,247.85, compared to ¥338,305,885.95 in the previous period, marking a 24.3% increase[24] - The basic and diluted earnings per share for the current period were both ¥0.22, up from ¥0.18 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥25,123,973,708.24, representing a 4.89% increase from the end of the previous year[5] - Total assets increased to ¥25,123,973,708.24 from ¥23,953,389,261.08, representing a growth of 4.9%[22] - Total liabilities rose to ¥11,542,094,214.32, up from ¥10,628,818,637.80, indicating an increase of 8.6%[22] - Total current assets amounted to ¥11,499,049,523.45, up from ¥10,801,397,528.81, reflecting a growth of around 6.4%[20] - Non-current assets totaled ¥11,000,000,000, with fixed assets remaining stable at approximately ¥7,732,038,122.32[20] - The company’s total equity increased to ¥13,581,879,493.92 from ¥13,324,570,623.28, a growth of 1.9%[22] Cash Flow - The cash flow from operating activities for the year-to-date was ¥403,363,832.54, down 37.71% compared to the previous year[14] - Operating cash flow for the current period is ¥403,363,832.54, a decrease of 37.7% from ¥647,514,013.99 in the previous period[26] - Total cash and cash equivalents at the end of the period decreased to ¥1,211,492,109.28 from ¥1,490,314,027.34, reflecting a decline of 18.7%[27] - Cash inflow from investment activities increased significantly to ¥2,620,669,044.39 from ¥433,229,827.23, marking a growth of 505.5%[26] - Net cash flow from financing activities improved to ¥19,368,842.02 compared to a net outflow of ¥504,373,996.78 in the previous period[27] - Cash received from investment recoveries surged to ¥2,460,000,000.00, compared to ¥417,892,250.00 in the previous period, an increase of 487.5%[26] Investments and Expenses - Research and development expenses for the current period were ¥615,912,495.82, compared to ¥483,310,635.97, reflecting a significant increase of 27.4%[23] - The company recorded a 71.65% decrease in investment income, totaling ¥11,452,804.33, due to reduced investment returns from associates[12] - The company has ongoing construction projects with an increase in construction in progress to ¥2,236,314,399.53 from ¥1,943,641,047.26, reflecting a growth of approximately 15%[20] - Cash paid for fixed assets and intangible assets decreased to ¥492,486,158.64 from ¥630,861,917.89, a reduction of 21.9%[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 305,798[16] - The company's cash and cash equivalents decreased to ¥1,231,787,124.30 from ¥1,620,229,440.41, representing a decline of approximately 24%[20]

Group 1 - The core viewpoint of the news highlights the active performance of the green energy ETF (562010), with a notable increase of 2.1% in intraday trading, driven by strong performances from key stocks like Arctech, which rose by 9.03% [1] - The "Power Equipment Industry Stabilization and Growth Work Plan (2025-2026)" was issued, aiming to promote a green low-carbon energy structure and establish a new power system, with an annual revenue growth target of around 7% for the advanced manufacturing cluster in the power equipment sector [1] - The term "semi-solid battery" is expected to be standardized as "solid-liquid battery," with industry expectations for semi-solid batteries to enter the industrialization phase by 2026 [1] Group 2 - Tesla's electric vehicle sales have reached a quarterly historical record, with strong overseas energy storage demand driving an increase in installed capacity and supply chain growth [2] - The wind power sector is set to benefit from the "Wind Energy Beijing Declaration 2.0," which outlines new installed capacity targets for the 14th Five-Year Plan, alongside deep-sea planning and overseas orders [2] - In the photovoltaic sector, the recovery in silicon material and wafer prices is expected to lead to profitability improvements in the module segment, while BC battery efficiency optimization is creating a premium advantage [2] Group 3 - The green energy ETF (562010) passively tracks the green energy index, with its top ten weighted stocks including CATL, BYD, and Longi Green Energy [2]

Group 1 - The green energy ETF (562010) showed active performance with an intraday price increase of 2.15% as of October 30 [1] - Among the constituent stocks, Aters performed the strongest with a rise of 9.03%, followed by Goldwind Technology and Tianci Materials with increases of 7.02% and 6.9% respectively [1] - Conversely, Deye shares experienced a significant decline of 8.25%, while Jiejia Weichuang and Robotech saw decreases of 2.88% and 2.67% respectively [1] Group 2 - On October 23, XINWANDA launched a new generation of polymer all-solid-state batteries, "Xin·Bixiao," achieving an energy density exceeding 400 Wh/kg and a cycle life of 1200 weeks under low external pressure [1] - Shanlin Group signed a procurement agreement worth 4 billion yuan for solid-state cells and energy storage equipment with Weilan New Energy, focusing on the new energy storage market [1] - Huafu Securities noted that the completion of the Long Electric into Zhejiang ultra-high voltage project by the end of next year will benefit the power equipment industry through accelerated construction [1] - According to招商证券, the lithium battery equipment industry is expected to recover in 2025, driven by new demand for equipment from solid-state battery technology [1] Group 3 - The green energy ETF passively tracks the green energy index, with the top ten weighted stocks including CATL, BYD, Changjiang Power, Sungrow Power, Yiwei Lithium Energy, LONGi Green Energy, Huayou Cobalt, Ganfeng Lithium, Xianlead Intelligent, and Tongwei Co [2]

Core Viewpoint - The solid-state battery concept stocks experienced a significant surge on October 30, with multiple companies reaching their daily price limits and others showing substantial gains [1]. Group 1: Stock Performance - Penghui Energy (300438) saw a price increase of 20.00%, reaching 48.59, with a net buying volume of 1.73 million [2]. - Haike New Energy (301292) rose by 14.00%, with a current price of 31.59 and a net buying volume of 3.94 million [2]. - XWANDA (300207) increased by 9.90%, priced at 36.52, with a net buying volume of 0.17 million [2]. - Tianji Co., Ltd. (002759) experienced a 10.00% rise, reaching 28.04, with a net buying volume of 2.87 million [2]. - Shida Shenghua (603026) also increased by 10.00%, with a current price of 63.59 and a net buying volume of 0.74 million [2]. - Other notable performers include Keheng Co., Ltd. (300340) up by 8.67%, Huasheng Lithium Battery (688353) up by 7.97%, and Changhong Energy (920239) up by 7.72% [2].

Group 1 - The core viewpoint of the news is that Tianqi Materials has seen a significant stock price increase, with a 5.08% rise on October 30, reaching 40.98 CNY per share, and a cumulative increase of 18.47% over the past five days [1] - Tianqi Materials is primarily engaged in the research, production, and sales of fine chemical new materials, with 89.66% of its revenue coming from lithium-ion battery materials [1] - The company has a total market capitalization of 784.50 billion CNY and a trading volume of 37.10 billion CNY on the reporting date [1] Group 2 - According to data, one fund from ICBC Credit Suisse has Tianqi Materials as a top ten holding, with 179.8 million shares held, representing 3.31% of the fund's net value [2] - The lithium battery ETF (159840) has generated a floating profit of approximately 3.56 million CNY today and 10.93 million CNY during the five-day increase [2] - The lithium battery ETF has a total scale of 20.7 billion CNY and has achieved a year-to-date return of 69.62% [2] Group 3 - The fund manager of the lithium battery ETF is Liu Weilin, who has a total fund asset scale of 669.38 billion CNY and has been in the position for 11 years and 17 days [3] - During Liu Weilin's tenure, the best fund return was 127.46%, while the worst was -98.63% [3]

Group 1 - The core viewpoint of the news highlights the significant developments in the battery ETF market, particularly the performance and liquidity of the Jia Shi Battery ETF, which has seen a turnover of 4.34% and a total transaction volume of 74.1753 million yuan [3] - As of October 29, 2025, the Jia Shi Battery ETF has achieved a net value increase of 16.05% over the past three years, with the highest monthly return since inception reaching 39.76% and an average monthly return of 9.57% [3] - A breakthrough research achievement in solid-state batteries was reported by a team from Tsinghua University, which successfully addressed the fast-charging challenge, potentially accelerating the commercialization of solid-state batteries [3] Group 2 - As of September 30, 2025, the top ten weighted stocks in the China Securities Battery Theme Index include Yangguang Electric, CATL, and Yiwei Lithium Energy, collectively accounting for 55.79% of the index [4] - The stock performance of the top ten companies shows varied results, with Yangguang Electric increasing by 3.77% and Yiwei Lithium Energy decreasing by 0.13% [6] - Investors without stock accounts can access battery industry investment opportunities through the Jia Shi Battery ETF linked fund (016567) [6]

Core Viewpoint - The solid-state battery sector is experiencing significant activity, with notable stock price increases for companies involved in this technology, indicating strong market interest and potential growth opportunities [1] Group 1: Market Activity - Tianji Co., Ltd. has reached its daily limit increase, while Penghui Energy previously saw a 20% increase, and XWANDA has risen over 10% [1] - Other companies such as Haike New Source, Duofuduo, Zhongyuan New Materials, Tianci Materials, and Chuan Yi Technology also experienced stock price increases, reflecting a broader trend in the solid-state battery market [1] Group 2: Upcoming Events - The 2025 Solid-State Battery Manufacturing and Industry Chain Innovation Forum is scheduled to take place from October 30 to November 1, 2025, which may further stimulate interest and investment in the sector [1] Group 3: Technological Advancements - Chinese scientists have successfully overcome critical challenges in all-solid-state lithium metal batteries, leading to a significant performance upgrade [1] - Previously, a 100 kg battery could support a maximum range of 500 kilometers, but advancements now suggest the potential to exceed a 1000-kilometer range [1]