002759控股股东 在股价狂欢中“卖飞了”

Core Viewpoint - The stock price of Tianji Co., Ltd. (002759) has experienced a significant increase of 215.24% over 28 trading days, driven by rising lithium hexafluorophosphate prices and early-stage research projects in lithium sulfide materials [2][3]. Group 1: Stock Performance - Tianji Co., Ltd. reported a cumulative stock price increase of 215.24% from September 26 to November 12, 2025, indicating severe abnormal trading fluctuations [3]. - The company's stock price reached a high of 46.71 yuan per share on November 12, 2025, compared to a peak of 21.69 yuan per share on October 9, 2025, during the period of stock reduction by major shareholders [9]. Group 2: Business Operations - The main products of Tianji Co., Ltd. include lithium hexafluorophosphate and related fluorochemical products, which accounted for 67% of total revenue in the 2025 semi-annual report [3]. - The company expects to ship between 35,000 to 38,000 tons of lithium hexafluorophosphate in 2025, with a new production capacity of 15,000 tons expected to come online by September 2026 [3]. Group 3: Market Trends - The price of lithium hexafluorophosphate has surged from 49,800 yuan per ton in July to 125,800 yuan per ton by November 12, 2025, marking a 153% increase [3]. - Domestic A-share companies in the lithium hexafluorophosphate sector have shown strong stock performance, with Tianji Co., Ltd. increasing by 187% over the past 28 trading days [5]. Group 4: Research and Development - Tianji Co., Ltd. is in the early stages of developing a patent for lithium sulfide material preparation, with approximately 5 million yuan invested in the project so far [6]. - The company has indicated that the transition from patent development to stable, mass production will require extensive optimization and validation processes [7]. Group 5: Shareholder Activity - During the period of abnormal stock trading, the controlling shareholder sold 8.4 million shares, potentially at a suboptimal price [9]. - Other executives, including the vice president and financial director, also engaged in share reductions between October 29 and November 3, 2025 [9].