Core Viewpoint - Tianli Lithium Energy is a significant player in the domestic lithium battery ternary materials sector, focusing on the research, production, and sales of lithium battery ternary materials and their precursors, with certain technological advantages [1] Group 1: Business Performance - For Q3 2025, Tianli Lithium Energy reported revenue of 1.535 billion yuan, ranking 30th out of 44 in the industry, significantly lower than the top competitors, Zhongwei Co. at 33.297 billion yuan and Greeenmei at 27.498 billion yuan, as well as below the industry average of 6.52 billion yuan and median of 4.845 billion yuan [2] - The main business composition includes ternary materials at 795 million yuan (82.29%), lithium iron phosphate at 111 million yuan (11.38%), lithium carbonate at 39.82 million yuan (4.12%), and others at 21.28 million yuan (2.20%) [2] - The net profit for the same period was -91.78 million yuan, ranking 28th in the industry, far behind the leaders, with the first place, Putailai, at 1.872 billion yuan and second place, China Baoneng, at 1.319 billion yuan, also lower than the industry average of 198 million yuan and median of 16.08 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Tianli Lithium Energy's debt-to-asset ratio was 49.87%, up from 43.63% in the previous year, which is lower than the industry average of 51.96%, indicating relatively good debt repayment capability [3] - The gross profit margin for the same period was 4.58%, an increase from 0.58% year-on-year, but still below the industry average of 10.89%, suggesting that profitability needs improvement [3] Group 3: Management and Shareholder Information - The chairman and general manager, Wang Ruiqing, has a salary of 805,200 yuan in 2024, a slight decrease from 809,600 yuan in 2023 [4] - As of September 30, 2025, the number of A-share shareholders increased by 4.71% to 18,200, with an average holding of 3,900.64 circulating A-shares, a decrease of 4.50% from the previous period [5]
天力锂能的前世今生：2025年三季度营收15.35亿行业排30，净利润-9177.59万行业排28