Industry Overview - The lithium battery industry is showing signs of recovery after two years of intense competition and price wars, with supply-demand imbalances easing and prices beginning to rise, particularly for lithium hexafluorophosphate [1][14] - From September 16 to October 13, the price of lithium hexafluorophosphate increased from 56,800 CNY/ton to 68,800 CNY/ton, marking a 21.13% rise [1][12] - The demand from the downstream new energy and energy storage industries, along with cautious capacity expansion and raw material price fluctuations, are driving this price increase [1][14] Company Performance - BETTERI, a key supplier of lithium-ion battery materials, reported a revenue of 12.384 billion CNY for the first three quarters of 2025, a year-on-year increase of 20.6%, with a net profit of 768 million CNY, up 14.37% [2][17] - In Q3 2025, BETTERI's revenue grew by 40.7% to 4.547 billion CNY, and net profit increased by 61.98% to 289 million CNY, indicating a strong recovery in core business [4][33] - Andar Technology, focused on lithium iron phosphate battery materials, experienced a 109.02% increase in revenue to 2.273 billion CNY in the first three quarters of 2025, although it continued to report losses [20][33] Market Trends - The chemical new materials sector on the North Exchange saw a weekly increase of 5.23%, with battery materials leading the charge at +16.04% [3][25] - Individual stocks such as BETTERI (+22.64%) and Jinhua New Materials (+19.78%) performed exceptionally well during this period [3][27] - The overall market sentiment is positive, with expectations of continued price increases and recovery in profitability across the lithium battery supply chain [14][22]

Group 1 - The lithium battery industry is showing signs of recovery, with lithium hexafluorophosphate prices rebounding first after two years of decline due to oversupply and price wars [1][9] - Since mid-September, the price of lithium hexafluorophosphate has increased from 56,800 yuan/ton to 68,800 yuan/ton by October 13, marking a 21.13% rise [11][13] - The price increase is driven by expanding demand from the new energy and energy storage sectors, along with cautious capacity expansion and fluctuations in raw material prices [13][20] Group 2 - The chemical new materials sector on the North Exchange has seen a weekly increase of 5.23%, with all sub-industries reporting gains [25][27] - The battery materials sub-industry led the gains with a 16.04% increase, followed by rubber and plastic products at 6.09% [27][28] - Notable stock performances include Beiterui (+22.64%), Jinhua New Materials (+19.78%), and Hechang Polymer (+17.28%) [28][30] Group 3 - Beiterui reported a revenue of 12.384 billion yuan for the first three quarters of 2025, a year-on-year increase of 20.6%, with a net profit of 768 million yuan, up 14.37% [16][62] - Hechang Polymer achieved a revenue of 1.379 billion yuan, a 23.73% increase year-on-year, with a net profit of 129 million yuan, up 41.87% [3][62] - Andatech, despite not turning a profit, saw a significant reduction in losses with a revenue increase of 109.02% to 2.273 billion yuan [20][62]

Group 1 - The lithium battery industry is experiencing a recovery, with lithium hexafluorophosphate prices rebounding first, indicating a potential price increase cycle [1][10][15] - Since mid-September 2025, the price of lithium hexafluorophosphate has risen from 56,800 CNY/ton to 68,800 CNY/ton, an increase of 21.13% [1][13][15] - The price increase is driven by expanding demand from the new energy and energy storage sectors, along with supply constraints and raw material price fluctuations [1][15][17] Group 2 - The North Exchange chemical new materials sector saw a weekly increase of 5.23%, with all sub-industries showing positive performance [3][26][31] - The battery materials sub-industry led the gains with a rise of 16.04% [3][31] - Notable individual stock performances included Better Energy (+22.64%), Jinhua New Materials (+19.78%), and Hechang Polymer (+17.28%) [3][32][34] Group 3 - Better Energy, a key supplier of lithium-ion battery materials, reported a revenue of 12.384 billion CNY for the first three quarters of 2025, a year-on-year increase of 20.6% [2][21] - The net profit attributable to shareholders for Better Energy was 768 million CNY, reflecting a year-on-year growth of 14.37% [2][21] - Andar Technology, focused on lithium iron phosphate battery materials, saw a revenue increase of 109.02% to 2.273 billion CNY in the same period, although it continued to report losses [2][23]