TINCI(SZ:002709) Chang Jiang Shang Bao·2025-09-23 23:18Core Viewpoint - Tinci Materials (002709.SZ), a lithium-ion battery materials producer, has made progress in its Hong Kong listing application, aiming to enhance its global strategy and financing channels [1][2][5]. Group 1: Listing Progress - On September 22, Tinci Materials announced that it has submitted its listing application to the Hong Kong Stock Exchange [2]. - The company aims to deepen its global strategy and create an international capital operation platform through this listing [5]. - Currently, Tinci's overseas revenue is relatively low, with 2025 H1 overseas revenue at 313 million yuan, accounting for 4.45% of total revenue [2][5]. Group 2: Business Developments - Tinci Materials' subsidiary, Jiujiang Tinci, signed a long-term supply agreement for no less than 800,000 tons of electrolyte with Ruipu Lanjun Energy Co., Ltd. by the end of 2030 [4][7]. - This agreement is expected to foster a stable long-term partnership and positively impact the company's performance from 2026 to 2030 [7]. Group 3: Financial Performance - In H1 2025, Tinci Materials achieved a revenue of 7.029 billion yuan, a year-on-year increase of 28.97%, and a net profit of 268 million yuan, up 12.79% [8]. - The electrolyte business showed strong growth, with revenue of 6.302 billion yuan, reflecting a 33.18% increase year-on-year [8]. - The company has maintained stable unit profitability in the electrolyte market despite a slight decline in market prices [8].