【私募调研记录】中欧瑞博调研天赐材料

Group 1 - The company Tianqi Lithium expects the prices of electrolyte and lithium hexafluorophosphate to gradually recover, influenced by fluctuations in lithium carbonate prices and sustained demand from downstream [1] - The solid-state battery material layout includes sulfide and oxide solid electrolytes, with the sulfide route currently in the pilot testing stage, aiming to complete pilot production line construction by next year [1] - The market supply and demand for lithium hexafluorophosphate is relatively balanced, and the pace of new capacity release will be considered in conjunction with market demand changes [1] Group 2 - The Moroccan project has signed an investment agreement and is currently in the preliminary stages of land selection, surveying, and project design [1] - The LIFSI additive ratio is expected to increase from 2% to between 2.2% and 2.5% [1] - The company has completed the development of third and fourth generation lithium iron phosphate products, which are currently in the mass production debugging stage [1] Group 3 - The main sources of lithium carbonate raw materials are lithium ore processing and waste battery recycling, with ongoing efforts to improve and expand waste battery sourcing channels [1] - Credit impairment in the first half of 2025 will be primarily based on accounting policies related to the aging of accounts receivable [1]