CATL(SZ:300750) Zhong Guo Ji Jin Bao·2025-10-31 16:12Core Viewpoint - Leading lithium battery companies, CATL and Zhongchuang Xinhang, are investing in upstream material companies, Tianhua New Energy and Shengxin Lithium Energy, to strengthen their supply chain control and ensure stability in the lithium battery industry, which is currently experiencing an upward trend [1][2][6]. Group 1: Investment Activities - Tianhua New Energy announced that its actual controllers plan to transfer a total of 12.95% of the company's shares to CATL for a total consideration of 2.635 billion yuan, with a share price of 24.49 yuan, reflecting a discount of 19.49% compared to the closing price of 30.42 yuan [4][6]. - Shengxin Lithium Energy plans to introduce strategic investors, including Zhongchuang Xinhang and Huayou Holding Group, through a private placement, aiming to raise up to 3.2 billion yuan for working capital and debt repayment [13][14]. Group 2: Company Performance - Tianhua New Energy reported a revenue increase of 21.47% year-on-year to 2.113 billion yuan for the third quarter of 2025, with a net profit increase of 113.22% to 189 million yuan [8][9]. - Shengxin Lithium Energy's strategic partnerships with Zhongchuang Xinhang and Huayou Holding Group are expected to enhance its resource security and cost control, while also expanding its market reach [20]. Group 3: Market Position and Future Outlook - CATL maintains a leading position in the global market for power batteries and energy storage, with a market capitalization of 1.79 trillion yuan as of October 31 [10]. - Zhongchuang Xinhang ranks fourth globally and third domestically in the power battery market share for 2024, indicating its significant role in the lithium battery supply chain [16][17].