Xin Lang Cai Jing·2025-08-27 11:32Core Viewpoint - The company has shown positive growth in its financial performance for the first half of 2025, with significant increases in revenue and profit metrics, alongside advancements in solid-state lithium battery materials and international market expansion [1][2][3]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 4.432 billion yuan, a year-on-year increase of 25.17% - The net profit attributable to shareholders was 311 million yuan, up 8.47% year-on-year - The non-recurring net profit reached 251 million yuan, reflecting a growth of 16.02% year-on-year - The company has seen a substantial increase in the sales volume of lithium iron phosphate, establishing itself as a strategic supplier for major domestic battery manufacturers [1]. Solid-State Lithium Battery Materials - The company has made early and comprehensive investments in solid-state lithium battery materials, including oxides, sulfides, and halides - The semi-solid positive electrode material addresses safety issues associated with high-nickel materials, while the all-solid positive electrode material resolves interface impedance challenges - The solid electrolyte technology remains industry-leading, with stable production and large-scale supply capabilities achieved [2]. Three-Dimensional Material Business - The multi-material business has continued to expand, integrating products into the supply chains of global high-end electric vehicle manufacturers - The company has established deep cooperation with international giants like LGES and SK on, securing over 10 billion yuan in orders for the next three years - Domestic high-nickel and medium-nickel high-voltage products are being supplied to major domestic battery manufacturers [3]. Supply Chain Management - In response to fluctuations in raw material prices, the company is optimizing its supply chain management system - The company is actively signing framework agreements with raw material suppliers to reduce procurement costs while ensuring supply stability - The strategy includes extending its reach into upstream resource sectors to build a strategic supply chain security system [4]. International Market Development - The company has successfully supplied products to global lithium battery giants and well-known automotive companies in China, Japan, and other regions, with an increasing proportion of international customers - The lithium manganese iron phosphate business has seen rapid growth, with monthly sales volumes nearing 10,000 tons - The company has initiated construction on its Finland base project in the first half of 2025, with steady progress being made [5].