TINCI(SZ:002709)2022-12-06 08:31Group 1: Company Overview and Product Offerings - The company produces silicone rubber materials, primarily liquid silicone rubber and electrical silicone rubber, used in various downstream industries such as molds, electrical appliances, electronics, and LED encapsulation [1][3] - The company has adjusted its product structure to reduce sales of low-margin products in response to intense competition in the domestic silicone rubber industry [3] Group 2: Market Trends and Pricing - The company anticipates that the price of lithium hexafluorophosphate will adjust as new production capacity is gradually released, affecting supply and demand dynamics [3] - The company is developing electrolyte solutions compatible with ternary materials, which are expected to become mainstream cathode materials due to their higher energy density compared to lithium iron phosphate [3][4] Group 3: Industry Position and Competitive Advantage - The company has made significant investments in R&D for electrolyte solutions, acquiring technologies through acquisitions to gain a competitive edge in flame-retardant additives and silicone electrolyte solutions [4] - The company believes that while industry layouts can be replicated, the timing and synergy of such layouts are crucial for success [4] Group 4: Future Outlook and Industry Development - The growth of the electric vehicle industry is expected to drive demand for electrolytes, despite current challenges such as lower-than-expected sales and subsidy reductions [5] - The company recognizes the trend towards centralization in the electric vehicle industry, emphasizing the need for companies to possess technological and supply advantages to thrive in a competitive market [5][6]