TINCI(SZ:002709) Di Yi Cai Jing·2025-11-13 09:27Group 1 - The 2025 World Power Battery Conference was held in Yibin, Sichuan, attracting significant investor interest in lithium battery-related stocks due to supply-demand imbalances and capacity constraints [2] - Tianqi Materials (002709.SZ) reached a new high of 47.2 yuan after a trading halt on November 13, with a TTM price-to-earnings ratio of 163, approaching 200 [2] - The company announced contracts with Guoxuan High-Tech (002074.SZ) and Zhongchuang Xinhang (03931.HK) for the supply of lithium battery electrolyte products, totaling 87,000 tons and 72,500 tons respectively for the years 2026-2028 [2] Group 2 - In Q3, Tianqi Materials reported revenue of 3.814 billion yuan, an 11.8% year-on-year increase, and a net profit of 153 million yuan, up 51.5% year-on-year [3] - The company's non-recurring net profit for Q3 was 139 million yuan, reflecting a 37.8% year-on-year growth, but only about a 10% increase compared to three years ago [3] - Analysts from Huatai Securities noted that while there is potential for high prices in lithium hexafluorophosphate (6F) and electrolyte business, the company's recovery to pre-2022 performance levels remains uncertain [3]