Industry Overview - The lithium battery industry is showing signs of recovery after two years of intense competition and price wars, with supply-demand imbalances easing and prices beginning to rise, particularly for lithium hexafluorophosphate [1][14] - From September 16 to October 13, the price of lithium hexafluorophosphate increased from 56,800 CNY/ton to 68,800 CNY/ton, marking a 21.13% rise [1][12] - The demand from the downstream new energy and energy storage industries, along with cautious capacity expansion and raw material price fluctuations, are driving this price increase [1][14] Company Performance - BETTERI, a key supplier of lithium-ion battery materials, reported a revenue of 12.384 billion CNY for the first three quarters of 2025, a year-on-year increase of 20.6%, with a net profit of 768 million CNY, up 14.37% [2][17] - In Q3 2025, BETTERI's revenue grew by 40.7% to 4.547 billion CNY, and net profit increased by 61.98% to 289 million CNY, indicating a strong recovery in core business [4][33] - Andar Technology, focused on lithium iron phosphate battery materials, experienced a 109.02% increase in revenue to 2.273 billion CNY in the first three quarters of 2025, although it continued to report losses [20][33] Market Trends - The chemical new materials sector on the North Exchange saw a weekly increase of 5.23%, with battery materials leading the charge at +16.04% [3][25] - Individual stocks such as BETTERI (+22.64%) and Jinhua New Materials (+19.78%) performed exceptionally well during this period [3][27] - The overall market sentiment is positive, with expectations of continued price increases and recovery in profitability across the lithium battery supply chain [14][22]
【PPT】六氟磷酸锂引领周期反转，布局北交所锂电材料龙头正当时--开源北交所