TINCI(SZ:002709) Xin Lang Cai Jing·2025-12-15 06:37Group 1 - The company is a global leader in lithium hexafluorophosphate and electrolyte, with a projected global electrolyte shipment of 503,000 tons in 2024, capturing a market share of 35.7%, maintaining the top position for nine consecutive years [1] - The company is expected to benefit significantly from the recent price surge in lithium hexafluorophosphate, which has increased by approximately 248% since mid-July 2023 due to supply-demand dynamics [2] - The company is strategically positioned in solid-state battery core materials, with its sulfide electrolyte currently in the pilot testing phase, aiming for a hundred-ton pilot production line to be completed by mid-2026 [2] Group 2 - The company forecasts net profits of 1.096 billion, 5.402 billion, and 7.387 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.54, 2.66, and 3.63 yuan per share [1] - The current stock price corresponds to a PE ratio of 73.7, 14.9, and 10.9 for the years 2025, 2026, and 2027 respectively, indicating a "buy" rating for the stock [1] - The industry is experiencing a tight balance in supply, with the capacity utilization rate at approximately 43.3% in 2024, and limited new capacity expected from leading companies by 2026 [2]