002759控股股东，在股价狂欢中“卖飞了”

Core Viewpoint - The stock price of Tianji Co., Ltd. has experienced a significant increase, with a cumulative rise of 215.24% over 28 trading days, driven by the soaring price of lithium hexafluorophosphate and early-stage research projects in lithium sulfide materials [1][3][4]. Group 1: Stock Performance - Tianji Co., Ltd. reported a cumulative stock price increase of 215.24% over 28 trading days from September 26, 2025, to November 12, 2025, indicating severe abnormal trading fluctuations [1]. - The stock price of Tianji Co., Ltd. reached a closing price of 46.71 yuan per share on November 12, 2025, compared to a peak price of 21.69 yuan per share on October 9, 2025, during the reduction period [8]. Group 2: Business Operations - The main products of Tianji Co., Ltd. include lithium hexafluorophosphate and related fluorochemical products, with lithium hexafluorophosphate accounting for 67% of total revenue as per the 2025 semi-annual report [3]. - The company expects a shipment volume of lithium hexafluorophosphate between 35,000 to 38,000 tons for the year, with a new production capacity of 15,000 tons expected to be operational by September next year [3]. Group 3: Market Trends - The price of lithium hexafluorophosphate has surged from 49,800 yuan per ton on July 18, 2025, to 125,800 yuan per ton on 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. rising 187% and other competitors like Dufluor and Tianci Materials also experiencing significant gains [4]. Group 4: Research and Development - Tianji Co., Ltd. is advancing the industrialization of a lithium sulfide material preparation patent, with approximately 5 million yuan invested in the early-stage research project [5]. - The company is currently in the early stages of technology development, requiring extensive optimization and validation processes before achieving stable, mass production of commercial products [5]. Group 5: Shareholder Activity - During the period of significant stock price fluctuations, the controlling shareholder of Tianji Co., Ltd. sold 8.4 million shares, potentially at a suboptimal price [6][8]. - The controlling shareholder and associated parties planned to reduce their holdings by up to 14.75 million shares, representing 3% of the total share capital, during the period from July 24 to October 9, 2025 [7].