Zheng Quan Shi Bao Wang·2025-11-07 04:44Core Viewpoint - The electrolyte and lithium hexafluorophosphate prices have rebounded since August, indicating a recovery in industry prosperity, driven by strong demand from the electric vehicle sector and supply constraints in key materials [4]. Group 1: Market Performance - On November 7, A-share market indices showed mixed performance, with the Shanghai Composite Index down 0.16% and the Shenzhen Component Index also down 0.16%, while the North Star 50 rose by 0.93% [1]. - Several chemical sectors, including electrolyte, fluorine chemicals, and phosphorus chemicals, saw significant gains, while sectors like servers, artificial intelligence, and fintech experienced declines [1]. Group 2: Company Orders - Tianqi Materials signed contracts for nearly 160,000 tons of electrolyte products, with agreements to supply 87,000 tons to Guoxuan High-Tech and 72,500 tons to Zhongchuang Innovation from 2026 to 2028 [2]. - The total electrolyte product orders signed by Tianqi Materials this year have reached 294,500 tons, including previous contracts with Chuangneng New Energy and Ruipu Lanjun [2]. Group 3: Price Trends - The price of electrolytes has increased by approximately 19.08% since August, reaching 20,600 RMB per ton, while lithium hexafluorophosphate prices surged by 141.38% to 119,000 RMB per ton [4]. - The demand for electric vehicle batteries has significantly contributed to the price increase, with a reported 34.55% year-on-year growth in electric vehicle sales in the first nine months of 2025 [4]. Group 4: Company Performance - Among the 10 listed companies in the electrolyte industry, 90% reported positive results in their third-quarter earnings, with four companies reducing losses and five companies showing year-on-year profit growth [5]. - Multi-Fluorine reported a remarkable 407.74% increase in net profit for the first three quarters, indicating strong market demand for lithium hexafluorophosphate [5]. Group 5: Financing and Production Capacity - Since November, eight electrolyte concept stocks have seen increased financing, with Multi-Fluorine, Shida Shenghua, and Tianqi Materials leading in net buying amounts [6]. - Shida Shenghua's financing balance reached a new high of 477 million RMB, supported by its production capacity expansion at its Wuhan base [6].