Zhong Guo Ji Jin Bao·2025-10-31 16:12Group 1 - Ningde Times and Zhongchuang Innovation are investing in upstream material companies, Tianhua New Energy and Shengxin Lithium Energy, to strengthen their supply chain control [1][5] - Tianhua New Energy announced a share transfer agreement with Ningde Times, transferring a total of 12.95% of its shares for 2.635 billion yuan at a price of 24.49 yuan per share, reflecting a discount of 19.49% compared to the closing price [3][4] - After the transaction, the shareholding structure will be 17.77% for Pei Zhenhua, 1.10% for Rong Jianfen, and 13.54% for Ningde Times [3][4] Group 2 - Shengxin Lithium Energy is terminating its Hong Kong IPO plans and will raise up to 3.2 billion yuan through a private placement to introduce strategic investors, including Zhongchuang Innovation and Huayou Holding Group [1][8] - The private placement will issue up to 188 million shares at a price of 17.06 yuan per share, with proceeds aimed at replenishing working capital and repaying debts [8][9] - Shengxin Lithium Energy and Zhongchuang Innovation have signed a strategic cooperation agreement to enhance collaboration in lithium materials, including raw material procurement and resource development [10][11] Group 3 - Tianhua New Energy's revenue for the third quarter of 2025 increased by 21.47% year-on-year to 2.113 billion yuan, while net profit surged by 113.22% to 189 million yuan [5][6] - The company is focusing on lithium battery materials, particularly battery-grade lithium hydroxide and lithium carbonate, which are essential for lithium-ion battery production [5][6] - Ningde Times is a leading player in the power battery and energy storage sectors, consistently ranking first globally in market share [7]