Hua Xia Shi Bao·2025-07-05 05:32Core Viewpoint - The ongoing legal battle between Tianqi Materials and Yongtai Technology over trade secret infringement has escalated, with significant financial implications for both companies, amidst a backdrop of declining performance in the lithium battery materials market [1][9]. Group 1: Legal Proceedings - Tianqi Materials has filed a civil lawsuit against Yongtai Technology and 12 other defendants, claiming a total compensation of 887 million yuan for trade secret infringement related to lithium hexafluorophosphate technology [1][2]. - Yongtai Technology has denied the allegations and countersued for defamation, seeking 57.52 million yuan in damages, asserting that the technology in question was independently developed [4][5]. - The case has seen a criminal conviction against former employees for trade secret theft, with sentences including prison time and fines, but appeals are currently underway [3][6]. Group 2: Financial Performance - Yongtai Technology has reported consecutive losses over the past two years, with total revenues of 4.128 billion yuan in 2023 and 4.589 billion yuan in 2024, alongside net losses of 619.8 million yuan and 478.4 million yuan respectively [7]. - Tianqi Materials, while still profitable, has experienced significant revenue declines, reporting total revenues of 15.4 billion yuan in 2023 and 12.52 billion yuan in 2024, with net profits dropping by 66.92% and 74.4% respectively [7][8]. - Both companies are facing pressure from increased competition and fluctuating raw material prices, which could further impact their financial stability depending on the outcome of the legal dispute [8][9]. Group 3: Market Implications - The outcome of the litigation is expected to have a substantial impact on the market positions and future developments of both companies, as the lithium battery materials industry shifts from capacity expansion to technological competition [9]. - The case is seen as significant for establishing competitive rules within the emerging lithium battery sector, potentially reshaping industry standards and practices [9].