Ge Long Hui A P P·2025-09-04 09:30Core Viewpoint - Tianqi Materials achieved a net profit attributable to shareholders of 268 million yuan in the first half of 2025, representing a year-on-year increase of 12.79% [1] Financial Performance - In Q2 2025, the net profit attributable to shareholders was 118 million yuan, showing a quarter-on-quarter decline, but overall performance met market expectations [1] - The core product, electrolyte business, maintained strong growth, with revenue of 6.302 billion yuan in the first half of 2025, up 33.18% year-on-year [1] Cost Management and Profitability - Despite facing pressure on product prices, the company benefited from improved capacity utilization leading to cost reductions [1] - The company effectively hedged cost fluctuations through strategic layout of key raw materials and carbonated lithium futures hedging, maintaining stable profit per ton [1] Product Development and Market Expansion - The special chemicals segment, including positive and negative electrode binders and adhesives for lithium batteries, is rapidly scaling up and has formed a certain market size [1] - The company is advancing global capacity construction, with projects in Texas, USA, for an annual production of 200,000 tons of electrolytes, and an integrated lithium battery materials project in Morocco progressing as planned [1] Future Prospects - The company is proactively planning for emerging materials, with a pilot production line in the sulfide solid-state electrolyte field expected to be operational by mid-2026 [1] - Collaboration with a robotics company on PEEK materials is underway, with potential applications in robotics and aerospace sectors [1]