Xin Lang Cai Jing·2025-09-30 21:11Core Viewpoint - The battery sector has shown remarkable performance in September 2025, leading the A-share market with a monthly increase of 28.12%, driven by the growth of the electric vehicle market and supportive policies for clean energy [1][1][1] Industry Performance - The top five performing sectors in September 2025 include batteries, home appliance components, electric motors, precious metals, and photovoltaic equipment [1][1] - Within the battery sector, 20 companies experienced a monthly increase of over 30%, with 10 companies surpassing 40% [1][1] - Leading companies such as Tianqi Materials, Xian Dao Intelligent, and Tianhong Lithium Battery achieved over 70% growth, making them highly sought after in the capital market [1][1] Driving Factors - The primary drivers for the battery sector's growth are the increasing demand for batteries due to the expanding electric vehicle market and government support for clean energy [1][1] - The rapid development of the energy storage sector, including household, commercial, and large-scale grid storage, has further increased battery demand [1][1] Company Performance - Tianqi Materials has been involved in the lithium battery electrolyte business for over a decade, while Xian Dao Intelligent covers lithium battery intelligent equipment and photovoltaic intelligent equipment [1][1] - Revenue and profit figures for Tianqi Materials from 2022 to 2024 are 22.317 billion, 15.405 billion, and 12.518 billion respectively, with net profits of 5.714 billion, 1.891 billion, and 0.484 billion [1][1] - Xian Dao Intelligent's revenue for the same period is 8.12 billion, 6.78 billion, and 5.94 billion, with net profits of 1.12 billion, 0.56 billion, and 0.34 billion [1][1] - Tianhong Lithium Battery's revenue is significantly smaller, with figures of 0.354 billion, 0.287 billion, and 0.394 billion, showing fluctuations [1][1] Cash Flow Analysis - Tianqi Materials' net cash flow from operating activities for 2022 to 2024 is 4.164 billion, 2.274 billion, and 0.882 billion [1][1] - Xian Dao Intelligent's cash flow figures are 1.664 billion, 1.234 billion, and 0.876 billion for the same years [1][1] Technological Edge - R&D expenditures for Tianqi Materials from 2022 to 2024 are 0.894 billion, 0.646 billion, and 0.668 billion, while Xian Dao Intelligent's R&D expenses are 1.348 billion, 1.676 billion, and 1.671 billion [1][1] - As of the end of 2024, Tianqi Materials has filed 1,022 patent applications, with 558 granted [1][1] Market Outlook - Despite some volatility and uncertainty, the long-term trend remains positive, with emerging industries expected to continue performing well as the economy recovers and industrial structures upgrade [1][1]