Core Viewpoint - The solid-state battery sector has experienced a short-term surge, with several companies seeing significant stock price increases [2] Group 1: Company Performance - Fangda Carbon, Tianji Shares, and Duofluo have all hit the daily limit up, indicating strong investor interest and confidence in these companies [2] - Jinyinhai has seen its stock price rise by over 10%, reflecting positive market sentiment towards its performance in the solid-state battery space [2] - Huazheng New Materials, Meilian New Materials, and Wanrun New Energy have also experienced stock price increases, suggesting a broader rally in the sector [2]

固态电池板块短线拉升，方大炭素、天际股份、多氟多涨停，金银河涨超10%，华正新材、美联新材、 万润新能跟涨。 ...

Core Viewpoint - The lithium battery electrolyte index experienced a 2.01% increase on October 28, indicating positive market sentiment in the lithium battery sector [1]. Company Performance - Multiple companies within the lithium battery sector saw significant stock price movements: - Molybdenum Technology (多氟多) reached the daily limit increase - Tianci Materials (天赐材料) rose by 4.65% - Tianji Co., Ltd. (天际股份) increased by 2.50% - Huasheng Lithium Battery (华盛锂电) grew by 1.99% - New Zobang (新宙邦) saw a rise of 1.90% [1].

Core Insights - Tianji Co., Ltd. experienced a 6.02% decline in stock price on October 22, with a trading volume of 2.354 billion yuan [1] - The company reported a financing buy-in of 135 million yuan and a financing repayment of 227 million yuan on the same day, resulting in a net financing outflow of 91.81 million yuan [1] - As of October 22, the total margin balance for Tianji Co. was 304 million yuan, which represents 2.72% of its circulating market value, indicating a high level of financing [1] Financing and Margin Data - On October 22, Tianji Co. had a financing buy-in of 135 million yuan, with a current financing balance of 304 million yuan, exceeding the 90th percentile of the past year [1] - The company had no short-selling activity on October 22, with a short-selling balance of 16.31 thousand yuan, also above the 80th percentile of the past year [1] Company Overview - Tianji New Energy Technology Co., Ltd. was established on March 30, 1996, and went public on May 28, 2015 [1] - The company specializes in the integration of modern technology with traditional ceramic cooking appliances, electric kettles, and the research, production, and sales of lithium hexafluorophosphate [1] - The revenue composition includes lithium hexafluorophosphate (67.27%), sodium hypophosphite (12.80%), small household appliances (7.86%), and other chemical products [1] Shareholder and Financial Performance - As of September 19, the number of shareholders for Tianji Co. increased by 14.09% to 126,400, while the average circulating shares per person decreased by 12.35% to 3,963 shares [2] - For the first half of 2025, the company achieved a revenue of 1.068 billion yuan, representing a year-on-year growth of 19.16%, but reported a net profit loss of 52.36 million yuan, which is a 59.00% increase in loss compared to the previous period [2] Dividend and Institutional Holdings - Since its A-share listing, Tianji Co. has distributed a total of 387 million yuan in dividends, with 160 million yuan distributed in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders included the Dongfang New Energy Theme Mixed Fund, holding 3.0136 million shares, while several funds exited the top ten list [3]

Group 1 - The company Tianji Co., Ltd. has commenced trial production of 6,000 tons of high-purity lithium fluoride starting from February 2025, and the process is currently proceeding smoothly [2] - The company adjusts prices for long-term contracts periodically, while spot market prices are adjusted based on market conditions [2]

Core Viewpoint - The company, Tianji Co., Ltd. (002759), has confirmed its current lithium hexafluorophosphate production capacity is 37,000 tons per year, with the first phase of its fundraising project achieving full production of 15,000 tons [1] Group 1 - The first phase of the fundraising project for lithium hexafluorophosphate has reached production capacity [1] - The second phase of the project has completed the construction of the factory and public works, but equipment has not yet been purchased [1] - The company plans to cautiously utilize the raised funds based on actual operating conditions, overall market changes, and customer demand [1]

Market Overview - The A-share market experienced weak fluctuations today, with all three major indices showing a rebound before retreating [1] - The total trading volume in the Shanghai and Shenzhen markets was 1.67 trillion, a decrease of 206 billion compared to the previous trading day, marking the first drop below 1.7 trillion since August 5 [1][6] Sector Performance - Market hotspots were concentrated in deep earth economy and Hubei state-owned assets, with stocks like ShenKai Co., Petrochemical Machinery, and CITIC Heavy Industries showing strong performance [1] - Oil and gas stocks surged in the afternoon, with Beiken Energy hitting the daily limit [1] - The banking sector performed well, with Agricultural Bank of China reaching a historical high [1] - Conversely, battery stocks collectively weakened, with Tianji Co. and Tianci Materials experiencing significant declines [1][2] Index Performance - At the close, the Shanghai Composite Index fell by 0.07%, the Shenzhen Component Index decreased by 0.62%, and the ChiNext Index dropped by 0.79% [3][4] - The number of rising stocks was 2,280, while 2,965 stocks declined, with 72 stocks hitting the daily limit [5]

Group 1 - The company is progressing in the industrialization of solid-state battery patents, with the project having essentially passed small-scale testing [2] - Investors are encouraged to pay attention to the company's related announcements [2]

Core Viewpoint - The company has provided updates on its lithium hexafluorophosphate production capacity and project progress, indicating a cautious approach to capital deployment and market adaptation [2]. Group 1: Production Capacity - The company's current production capacity for lithium hexafluorophosphate is 37,000 tons per year [2]. - The first phase of the fundraising project, which involves 15,000 tons of lithium hexafluorophosphate, has already reached production [2]. Group 2: Project Progress - The second phase of the project, including the construction of the factory and utilities, has been completed, but equipment procurement is still pending [2]. - The company plans to use the raised funds cautiously based on actual operational conditions, market changes, and customer demand [2]. Group 3: High-Purity Lithium Fluoride - The 6,000 tons of high-purity lithium fluoride began trial production in February 2025 and is progressing smoothly [2]. - Pricing for long-term contracts is adjusted periodically by manufacturers, while spot prices are adjusted according to market conditions [2].

Core Insights - Tianji Co., Ltd. experienced a stock price increase of 5.14%, reaching 24.74 CNY per share, with a trading volume of 1.391 billion CNY and a turnover rate of 11.47%, resulting in a total market capitalization of 12.404 billion CNY [1] Company Overview - Tianji New Energy Technology Co., Ltd. is located in Shantou, Guangdong Province, established on March 30, 1996, and listed on May 28, 2015. The company specializes in integrating modern science and technology with traditional ceramic cooking, focusing on the research, production, and sales of ceramic cooking appliances and electric kettles [1] - The company's main business revenue composition includes: lithium hexafluorophosphate (67.27%), sodium phosphinate (12.80%), small household appliances (7.86%), hydroxymethylphosphine (4.69%), other chemical products (4.21%), potassium fluoroborate (2.52%), and diphosphate (0.63%) [1] Shareholder Information - Among the top ten circulating shareholders of Tianji Co., Ltd., one fund from Dongfang Fund holds a position. The Dongfang New Energy Theme Mixed Fund (400015) held 3.0136 million shares in the second quarter, unchanged from the previous period, representing 0.6% of the circulating shares. The estimated floating profit today is approximately 3.6465 million CNY [2] - The Dongfang New Energy Theme Mixed Fund (400015) was established on December 28, 2011, with a current scale of 7.858 billion CNY. Year-to-date returns are 47.85%, ranking 765 out of 8162 in its category; the one-year return is 52.49%, ranking 546 out of 8024; and since inception, the return is 282.79% [2]