格隆汇12月12日丨天际股份(002759.SZ)在互动平台表示，公司计划2026年完成募投项目二期工程，将 六氟磷酸锂产能提升至5.2万吨/年；研发方面，公司2026年计划推动硫化锂制备专利的中试。 ...

格隆汇12月12日丨天际股份(002759.SZ)在互动平台表示，公司六氟磷酸锂12月长单价格已于上月月底 谈判确定，长单价格按照市场实际价格给与一定幅度的优惠。 ...

每经AI快讯，有投资者在投资者互动平台提问：请问公司六氟磷酸锂12月月度长单价格谈判进度如何 了？预计多少钱每吨？业内已经签订协议的12月价格大概在多少？ 天际股份（002759.SZ）12月12日在投资者互动平台表示，公司六氟磷酸锂12月长单价格已于上月月底 谈判确定，长单价格按照市场实际价格给与一定幅度的优惠。 （记者 张明双） ...

每经AI快讯，有投资者在投资者互动平台提问：董秘您好！ 作为一名持股股民，我们特别希望了解贵 公司近期是否有签订哪些供货合同，以及对2026年的最新规划。比如在某个赛道上新的突破，某项产能 的扩容等！ （记者 张明双） 天际股份（002759.SZ）12月12日在投资者互动平台表示，公司计划2026年完成募投项目二期工程，将 六氟磷酸锂产能提升至5.2万吨/年；研发方面，公司2026年计划推动硫化锂制备专利的中试。 ...

Group 1 - The lithium battery electrolyte index experienced a significant decline, with most constituent stocks falling [1] - Tianji Co. saw the largest drop, falling by 6.66%, while other stocks such as Duofluoride, Shida Shenghua, Haike Xinyuan, and Huasheng Lithium also dropped over 4% [1]

Core Viewpoint - The recent share reduction by Tianji Co., Ltd. has raised concerns among investors regarding potential violations of regulations, especially given the significant increase in the company's stock price this year, which saw a fivefold rise [1][12]. Group 1: Share Reduction Details - Tianji's controlling shareholder, Shantou Tianji Co., Ltd., reduced its stake by 2.84% last week and an additional 0.7% this week, totaling over 6 billion yuan in cashing out within six trading days [1][12]. - The shares sold were from a non-public offering in 2016, which is not subject to the same disclosure requirements as other share reductions [1][13]. - The total shares reduced since December amount to approximately 17.77 million, with the latest reductions occurring without prior public announcements [12][14]. Group 2: Market Context - The electrolyte sector has seen widespread share reductions, with six companies in the sector experiencing over 100% stock price increases this year, and five of them have announced share reduction plans [2][17]. - Tianji's stock price surged significantly due to rising lithium hexafluorophosphate prices, with increases of 84.82%, 56.39%, and 46.01% in September, October, and November, respectively [6][24]. - The stock price rose from 8.77 yuan at the beginning of the year to a peak of 51.25 yuan, nearing the previous cycle's high of 52.5 yuan [7][24]. Group 3: Regulatory Considerations - Investors have raised concerns about the legality of the recent share reductions, particularly regarding the lack of advance notice and the total reduction exceeding 3.5% [12][13]. - The regulations stipulate that major shareholders must disclose their reduction plans 15 trading days prior to selling shares, and cannot reduce more than 1% of the total shares within three months [13][14]. - However, Tianji's representatives argue that the reductions comply with regulations since the shares sold were from a non-public offering and thus not subject to the same rules [15][16].

Core Viewpoint - The lithium battery industry is experiencing significant price increases and supply chain adjustments due to rising raw material costs and strong demand, particularly in the energy storage and electric vehicle sectors [3][4][5]. Industry Trends - Dejia Energy announced a 15% price increase for its battery products starting December 16 due to rising production costs from upstream raw materials [3]. - Contemporary Amperex Technology Co., Ltd. (CATL) and other leading companies are securing long-term agreements to lock in upstream capacity and supply chains, emphasizing the importance of capacity acquisition for future growth [3][4]. - The lithium battery supply chain is currently characterized by a "full production and sales" state, with companies like Penghui Energy and Tianji Co. reporting strong demand and rising prices for their products [4]. Market Demand - Global power battery installation reached 811.7 GWh in the first three quarters of this year, a 34.7% increase from the previous year, while the energy storage market saw a 90.7% year-on-year growth [5]. - The rapid growth in renewable energy installations and the expansion of AI data centers are driving increased demand for energy storage solutions [5]. Long-term Contracts - The industry is witnessing a surge in long-term contracts, with significant agreements such as a 10-year strategic partnership between Haibosi and CATL for a minimum of 200 GWh of procurement [6]. - Other notable contracts include a collaboration between Hicharge Energy and CRRC Zhuzhou Electric Locomotive Research Institute for at least 120 GWh of energy storage products [6]. Price Dynamics - The price of battery-grade lithium carbonate has surged to 92,750 RMB per ton, a 23% increase from the previous month, while the price of lithium hexafluorophosphate has exceeded 180,000 RMB per ton [4]. - The tight supply and high demand have led to longer delivery times, with some companies reporting that delivery schedules extend into the first half of next year [4]. Technological Advancements - The industry is undergoing a "quality upgrade" driven by technological advancements, with companies like CATL launching fifth-generation lithium iron phosphate batteries that improve energy density and cycle life [9][10]. - High-density lithium iron phosphate products are becoming a focus, with expectations that their market share will increase significantly by 2026 [9]. Capacity Expansion - Companies are accelerating capacity expansion to meet growing demand, with Fulin Precision Engineering planning to invest 4 billion RMB to build a new production line for lithium iron phosphate [8]. - Dragon Power Technology is also raising funds to expand production capacity in response to customer needs [8]. Globalization Efforts - Leading companies are pursuing global expansion strategies, with firms like Hunan YN planning production capacity in Spain and Dragon Power Technology nearing full production at its Indonesian facility [10]. - The industry is shifting from scale competition to value competition, aiming for high-quality development as new products are launched and recycling systems are improved [10].

Core Viewpoint - 瑞泰新材's decision to reduce its stake in 天际股份 is based on its own development needs and complies with relevant laws and regulations [1] Group 1 - The company stated that the reduction of its holdings in 天际股份 aligns with its development strategy [1] - The company has fulfilled its information disclosure obligations in a timely manner regarding the stake reduction [1] - If the company has any share repurchase plans, it will strictly adhere to relevant requirements for timely information disclosure [1]

Group 1 - The lithium battery electrolyte index has strengthened, indicating a positive trend in the sector [1] - Component stocks have shown active performance, with notable increases in share prices [1] - Companies such as Huasheng Lithium Battery, Haike New Source, Tianji Shares, Aoke Shares, and Shida Shenghua have all experienced significant gains, with Huasheng Lithium Battery rising over 7% [1]

Core Points - Tianji Co., Ltd. (002759.SZ) announced that its controlling shareholder, Shantou Tianji Co., Ltd., reduced its shareholding, triggering a 1% threshold [1] - On December 8, 2025, Shantou Tianji sold 3,519,900 shares through centralized bidding, reducing its and its concerted party, Xingjia International Co., Ltd.'s, shareholding to 11.42% of the total share capital [1] - The weighted average price of Tianji shares on December 8, 2025, was 35.677 yuan, resulting in a total reduction amount of approximately 126 million yuan [1] - From December 1 to December 5, 2025, Shantou Tianji sold 14,256,300 shares, decreasing its and Xingjia International's shareholding to 12.12% [1] - The weighted average price during this period was 40.676 yuan, leading to a cash-out amount of approximately 580 million yuan [1]