Group 1 - Ningde Times is actively acquiring stakes in companies, including a recent agreement to purchase 12.95% of Tianhua New Energy's shares for 2.635 billion yuan at a price of 24.49 yuan per share, which is approximately 19% lower than the current market price of 30.42 yuan [2][3] - After the transaction, Ningde Times will hold a 13.54% stake in Tianhua New Energy, while the actual controllers will retain an 18.87% stake, maintaining a 5% gap in ownership [3] - The acquisition strategy indicates Ningde Times' focus on companies with strong technological capabilities, as evidenced by its previous investment in Fulin Precision's subsidiary, which specializes in high-pressure dense lithium iron phosphate [2][4] Group 2 - Tianhua New Energy is primarily recognized for its lithium salt products, including lithium hydroxide and lithium carbonate, with significant production capacities across multiple bases [4][5] - The company has been expanding its resource base, holding mining rights in Nigeria and the Democratic Republic of Congo, with a reported lithium resource of 25 million tons at an average grade of 1.36% [5] - Tianhua New Energy is also advancing in solid-state battery materials, with its subsidiary Yili Technology planning to invest 1.12 billion yuan in a project to produce high-nickel ternary materials for solid-state batteries, which could generate over 800 million yuan in annual revenue [6][7]