TINCI(SZ:002709)2022-12-08 03:10Group 1: Financial Performance and Projections - The company aims for net profit growth rates of 40%, 60%, and 50% for the years 2015, 2016, and 2017 respectively [2] - The highest expected year-on-year growth for the first three quarters is 15%, which is below the 40% target set by the equity incentive plan [3] - The sales revenue of lithium battery electrolyte in the first half of 2015 increased by 75.05% year-on-year [3] Group 2: Business Growth Drivers - The company plans to drive performance growth through three main business areas: personal care materials, lithium battery materials, and silicone rubber materials [2] - In personal care materials, the company will maintain stable growth in existing products while continuously launching new products such as carbomer resin and cationic starch [2] - In the lithium battery materials sector, the company is positioned to capture greater market share due to its dual advantages in production capacity and raw materials [3] Group 3: Challenges and Strategic Responses - The decline in gross profit for the electrolyte business in the first half of the year was primarily due to a safety incident at a subsidiary, which delayed the production of a 1000t/a lithium battery electrolyte project [3] - The company is focused on developing high-margin new products in the silicone business to maintain steady growth [4] - The company has established a partnership with SONY to enhance its customer structure in the power battery sector [4] Group 4: Future Plans and Developments - The company’s new subsidiary, Jiujiang Tianqi, will focus on the research and production of new materials, particularly in high-margin silicone products [4] - The company’s capital increase plan has been approved and will be initiated once the formal approval from the regulatory authority is obtained [4]