Group 1: Research Basic Information - The research object is Tiannai Technology, belonging to the chemical products industry, and the reception time was September 15, 2025. The listed company's reception staff included the chairman and general manager Zheng Tao, the board secretary, deputy general manager, and financial controller Cai Yonglue, independent director Yang Yonghong, and securities affairs representative Yu Ling [16] Group 2: Detailed Research Institutions - The reception objects were investors who participated in Tiannai Technology's 2025 semi - annual performance briefing online, and the type was "other" [19] Group 3: Main Content - The company provides products and services to Factorial Energy and Mercedes - Benz's battery cell project [23] - The Tiannai Jincheng project is nearly completed and is expected to be put into production next year [23][27][29] - The company has established a cooperative relationship with Peng Lianmao's team, but specific cooperation details involve confidentiality clauses and cannot be disclosed [23][24] - Sodium - ion battery manufacturers are the company's customers, and some leading customers use the company's single - walled carbon nanotube products in their sodium - ion battery R & D plans [24] - Single - walled carbon nanotubes are strategic new materials in the key development guidance directory for the industrialization of frontier materials issued by the Ministry of Industry and Information Technology [25] - The company's R & D products for solid - state batteries are three - dimensional composites and two - dimensional composites, which can provide efficient and stable conductive networks for solid - state batteries [25][26] - From January to August, the company supplied nearly 1,500 tons of products to solid - state and semi - solid - state customers, with single - walled products accounting for about 70%. New fields such as robots, electronic devices, and composites will be important growth curves for the company in the future [26] - The fourth - generation single - walled tubes are already used in power batteries and are growing rapidly [27] - The company estimates that the shipment of single - walled carbon nanotube slurries in the third quarter will reach 1,500 - 2,000 tons, and the single - walled powder production capacity is expected to reach 130 - 140 tons in the first half of next year, with an expected shipment of 80 - 100 tons [27][29] - The company's annual production project of 450 tons of single - walled carbon nanotubes is under active construction [29] - CNTs are beneficial for improving the long - cycle performance, storage efficiency, and consistency of energy - storage batteries, and the company's energy - storage customers purchase various generations of its products [30] - The company will complete the share - repurchase plan gradually according to market conditions [31]
天奈科技分析师会议-20250915
Dong Jian Yan Bao·2025-09-15 12:55